Invacare corporation (IVC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash and Cash Equivalents, Period Increase (Decrease) [Abstract]
Operating Activities
Net Income (Loss) Attributable to Parent

732

-18,683

-8,041

-12,717

-13,886

-1,245

-12,026

-16,543

-14,108

-17,662

-18,591

-23,508

-16,780

-17,640

-5,020

-11,580

-8,616

-2,929

-7,790

-8,217

-7,254

-9,385

-15,097

-13,612

-17,976

-5,770

16,101

-12,461

35,181

-7,293

2,864

-1,977

8,233

-35,028

12,800

10,661

7,454

Adjustments to reconcile net loss to net cash used by operating activities:
Gain on sale of business

9,590

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

0

-236

0

260

-17,069

17,069

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

59,402

-

0

0

0

-

-

-

-

Depreciation and amortization

3,407

3,763

3,991

3,911

3,898

3,577

4,279

3,589

4,111

3,673

3,646

3,719

3,593

3,724

3,642

3,616

3,653

4,624

3,131

5,096

5,353

4,532

8,188

8,714

9,507

8,553

9,307

10,081

8,848

9,528

9,617

9,816

9,632

11,328

9,422

9,338

8,795

Amortization operating lease right of use assets

1,937

2,000

2,272

2,483

2,172

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision (benefit) for losses on trade and installment receivables

-71

32

441

297

185

422

891

515

201

855

687

324

176

711

181

120

47

-89

138

433

272

85

547

480

663

529

1,557

835

768

927

1,424

1,388

1,440

2,494

1,606

3,968

3,392

Benefit for deferred income taxes

240

-598

-268

-293

329

-2,588

-84

-125

-3

-3,564

-47

-31

-728

1,202

-136

-136

-29

366

3,049

91

82

-2,839

485

-319

286

-681

2,861

-29

-134

3,688

560

27

41

-7,187

263

-395

-233

Provision for other deferred liabilities

-469

-

-366

-237

-234

-

-54

-59

66

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision (benefit) for other deferred liabilities

-

-

-

-

-

-

-

-

-

-

-

-

283

439

325

153

79

28

225

-97

110

1,732

-636

156

141

-286

14

39

87

318

264

337

220

1,013

155

814

694

Provision for equity compensation

1,200

5,237

1,570

2,873

1,430

1,184

1,156

1,177

1,766

718

1,983

3,808

838

1,360

1,509

1,936

2,089

716

1,390

1,496

411

1,222

1,934

1,771

699

-

-

-

-

1,347

2,208

1,456

1,534

1,656

2,106

1,466

1,412

Allocated Share-based Compensation Expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,414

1,160

-

-

-

-

-

-

-

-

Loss on disposals of property and equipment

-1

4

-62

-70

-54

-906

-1

14

-35

0

-4

100

-9

0

-3

-29

-19

-4,170

-1

-975

11

-896

-96

1

-83

-101

-430

-49

-86

-93

-36

-65

-7

-57

-1

7

-158

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,336

0

0

668

-1,070

0

0

0

-

-

-

-

-

-

-

-

-2

-7,462

-11,855

-4,881

Impairment of an intangible asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,788

7,090

525

638

1,356

167

0

0

-

-

-

-

-

-

-

-

Amortization of convertible debt discount

2,732

2,896

2,764

3,566

3,099

3,020

2,938

2,864

2,786

2,717

2,643

1,702

1,749

1,645

1,588

1,557

664

208

201

196

191

185

180

175

170

165

161

155

152

147

145

144

141

78

351

543

593

Amortization of debt fees

475

524

635

610

615

620

623

626

620

623

612

464

521

556

526

530

379

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on Convertible Debt Derivatives

0

0

0

-1,470

273

-7,790

-4,080

-21

-103

957

2,550

1,051

-901

1,014

-1,192

-486

-604

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Trade receivables

-1,627

27

-2,588

4,622

-3,535

6,681

-7,674

729

930

-5,548

-2,243

-990

6,386

-5,041

-16,642

4,535

6,938

-6,929

-13,549

1,558

9,756

-7,010

-9,285

1,895

-2,811

-6,657

-11,478

8,409

20

-7,935

-4,940

5,122

7,967

-2,235

-11,610

16,771

-1,412

Installment sales contracts, net

-26

-29

-52

-340

-13

-212

1,109

-153

-141

27

717

25

161

22

203

337

674

32

-689

-28

402

-326

-333

-8

652

3,140

499

-288

422

-168

-845

-1,448

-2,060

1

817

2,024

320

Inventories

2,930

-3,293

599

-5,360

1,588

-11,569

5,987

8,366

8,713

-21,333

-14,025

4,492

8,603

-7,042

5,198

2,308

9,480

-11,294

-6,678

4,296

2,066

-2,532

3,354

212

8,493

-13,198

-7,194

-11,066

7,661

-14,316

1,365

8,956

20,615

-5,470

14,938

2,261

4,660

Other current assets

10,934

5,215

-147

-1,711

3,957

-177

-26

-577

1,653

426

-1,089

-2,976

1,714

688

-2,016

-1,251

2,495

719

-2,718

-2,991

-293

1,319

-300

-718

-2,251

9,609

-3,530

-1,636

-2,373

5,996

394

292

-596

-3,445

-2,059

4,539

316

Accounts payable

7,950

-2,377

4,665

-1,208

-4,683

-3,588

4,862

472

2,759

10,323

-10,115

-6,404

4,028

-5,631

-4,591

-897

-2,529

7,199

-16,350

-1,497

3,408

1,655

685

-756

6,745

-2,165

2,004

-3,155

-15,697

2,889

-9,471

-2,663

11,805

-2,890

-7,167

12,931

-575

Accrued expenses

-5,787

10,025

4,459

586

-12,794

2,695

-1,564

-6,780

-11,509

2,064

-1,924

-1,529

-4,322

-6,326

1,967

-2,024

-12,108

-4,063

3,202

-6,963

-14,179

7,140

30,062

59

-3,148

1,786

-3,394

3,343

-339

8,298

5,082

4,563

-9,394

4,780

4,075

2,336

-15,278

Other long-term liabilities

-1,323

-199

-263

1,001

-1,517

214

-98

99

15

89

-1,124

800

-1,932

345

-227

-2,015

-2,162

2,908

-11,818

-1,282

349

-11,654

-10,155

-2,690

-745

-631

-1,578

487

-283

-4,561

2,319

8,027

1,442

-4,442

604

138

1,534

Net Cash Provided by (Used in) Operating Activities

-9,839

-

-

-

-22,588

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Used by Operating Activities

-

-

-

-

-

-

-

-22,447

-24,651

-

-2,899

-20,138

-30,330

-7,228

4,446

-15,126

-38,705

30,171

-154

-12,604

-22,791

8,754

14,037

-6,879

-7,020

11,299

28,719

5,339

-35,303

35,469

19,074

8,573

-825

32,490

29,592

28,053

8,943

Investing Activities
Purchases of property and equipment

2,121

3,697

2,856

2,509

1,812

2,009

3,587

2,162

2,065

7,180

1,885

2,470

3,034

3,354

2,994

2,339

1,464

1,626

1,613

1,465

2,818

3,032

2,397

3,272

3,626

3,072

3,420

3,801

3,865

5,316

4,981

5,113

4,681

6,567

5,489

6,751

3,353

Proceeds from sale of property and equipment

4

0

9

44

20

2

1

27

10

158

21

180

10

13

9

16

4

24

4

23,011

78

2,512

6

2

1

29

847

5

4

62

48

4

45

18

9

23

14

Proceeds from sale of business

14,563

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in other long-term assets

135

709

32

20

20

-472

301

59

228

122

21

237

-19

-5

57

12

103

-1,654

-194

237

-13,392

-8,866

-7,139

-5,141

197

-52

-1,371

314

108

674

-559

139

11

-294

7

805

206

Proceeds from Divestiture of Business, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

144,681

-

0

0

0

-

-

-

-

Other

2,113

-

-

-

0

-

-

-

-

2

-2

84

3

-18

-67

31

-42

29

-127

17

3

-392

-153

-168

144

-212

117

11

19

26

-46

285

-20

13

-76

-85

161

Net Cash Provided (Used) by Investing Activities

10,198

-4,438

-2,879

-2,485

-1,812

-1,534

-352

-2,194

-2,283

-7,146

-1,883

-2,611

-3,008

-3,318

10,854

-2,366

-1,521

23

12,412

21,292

10,649

8,738

26,771

2,039

-3,966

-2,779

41,552

-4,121

140,693

-14,954

-4,328

-5,533

-4,627

-7,233

-46,876

-7,448

-3,706

Financing Activities
Proceeds from revolving lines of credit and long-term borrowings

21,600

-

-

-

0

-

-

-

-

-

-

-

-

49

0

-49

122,025

24,993

48,928

74,618

71,064

53,892

66,032

73,209

62,525

102,331

53,725

80,449

115,950

83,611

84,895

95,300

75,508

87,637

132,206

118,460

112,292

Capital leases payments

266

857

14,592

881

866

412

479

209

393

394

1,033

854

14,027

275

900

1,109

546

27,475

50,398

81,302

73,633

60,280

99,030

67,207

60,195

113,689

113,222

84,267

234,696

100,779

90,387

103,854

72,480

117,617

99,069

120,323

117,558

Proceeds from exercise of stock options

-

-

-

-

-

1

7

1,208

1,410

915

332

1,429

0

0

0

0

17

488

858

856

200

318

30

47

85

512

0

0

0

-

-

-

-

13

25

2,033

2,068

Payment of financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

159

435

969

4,562

0

563

0

1,391

0

0

0

0

-

-

-

-

-

-

-

-

-3

6,000

13,609

4,507

Payments of Ordinary Dividends, Common Stock

414

411

415

411

408

410

412

405

403

404

407

396

397

395

398

390

400

397

398

397

397

396

396

396

396

394

396

395

396

398

396

390

397

397

397

393

401

Proceeds from Issuance of Warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

12,376

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for Repurchase of Common Stock

773

34

0

479

381

23

0

1,484

920

55

0

1,221

0

33

0

298

5,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-3

5,338

1,569

14,644

Net Cash Provided (Used) by Financing Activities

20,147

-9,508

-15,007

-1,771

-1,655

-844

-884

-890

-306

62

-1,675

104,134

-14,424

-813

-1,733

-2,815

123,910

-2,391

-1,573

-6,225

-4,157

-6,466

-33,364

5,653

2,019

-11,240

-59,893

-4,213

-119,142

-17,566

-5,888

-8,945

2,631

-30,358

21,427

-15,401

-22,750

Effect of exchange rate changes on cash

-1,637

1,494

-1,706

-894

1,074

-2,102

-450

-2,689

1,330

55

2,339

1,861

364

-2,834

-445

908

965

-1,220

116

-410

-2,014

-1,161

-1,379

928

442

-120

800

-639

42

560

929

-1,268

565

-1,255

-1,025

326

1,683

Cash, Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect

18,869

-

-

-

-24,981

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-1,361

-4,130

-28,220

-25,910

20,564

-4,118

83,246

-47,398

-14,193

13,122

-19,399

84,649

26,583

10,801

2,053

-18,313

9,865

6,065

1,741

-8,525

-2,840

11,178

-3,634

-13,710

3,509

9,787

-7,173

-2,256

-6,356

3,118

5,530

-15,830