KOPIN CORPORATION KOPN Cash Flow

Kopin corporation (KOPN)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net loss
-3,656	-7,300	-6,500	-4,280	-11,319	-9,973	-	-9,807	-9,246	-5,472	-1,896	-8,302	-7,260	-7,939	-5,123	-8,187	-2,854	-6,834	-7,074	-4,661	706	-3,813	-5,445	-5,103	-9,027	-9,093	-9,843	-9,015	-8,111	21,364	-4,333	-7,067	-5,126	-2,466	538	344	757	2,044
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
170	195	158	173	264	269	-	558	575	554	623	735	699	443	43	298	316	335	278	669	508	681	414	807	846	932	588	922	1,040	1,095	1,477	2,501	2,605	2,526	2,601	2,183	1,885	1,927
Accretion of premium or discount on marketable debt securities
-2	-	-	-	-	-	-	-	-	-	-	-	-	-	-25	-26	-40	-37	123	11	-281	-20	7	-23	-19	-17	-148	-278	37	29	64	80	59	82	42	27	53	28
Stock-based compensation
158	251	451	538	815	912	-	1,190	1,288	1,399	-694	1,022	676	1,292	945	528	894	56	358	764	1,024	997	1,272	1,193	1,235	1,126	554	1,229	913	1,505	713	1,549	1,139	1,084	1,746	706	911	559
Net (gain)/loss on investment transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,246	357	5,460	2,142	0	0	0	0	-	-	-	-	0	0	0	856	-	-	-	-
Losses in unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	102	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency losses (gains)
-193	252	-105	-159	233	1,365	-	-249	-238	218	-492	256	533	-1,190	1,004	-1,152	-78	-485	-557	732	417	-137	326	278	-665	157	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill, Impairment Loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,704	0	-	-	-	-
Loss on remeasurement of investment in Intoware
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,485	-	-	-	0	-	-	-	-
Loss in unconsolidated affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-83	-99	-	-202	-233	-156	-92	-49	-43	-110
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)
-	-	-	-	-	-	-	-113	-83	-136	-	-	-	-	-	-	-	-	-	-	-	-	30	-79	0	-14	114	-62	37	18	44	-39	57	67	116	-252	29	330
Change in allowance for bad debt
-150	-	-	-	246	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	33,452	-	-	-	-	-	-	-	-
Provision for Doubtful Accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	0	149	-74	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on investments
-	-	-	-	-	-	0	-	0	-2,849	-	0	0	-274	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-0	-0	-1,168	-	-170	1,240	123	-	-75	0	0	-	-7	27	-122	-	48	260	40	-	147	300	281	-	-	-	-
Loss on disposal of plant and equipment
-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of plant and equipment
-	-	-	-	-180	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of excess inventory
676	-	-	-	1,253	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	750	-394	-201	-	496	-99	198	340	-902	284	290
Other non-cash items
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-384
Write-off of excess inventory
-	-	-	-	-	-	519	-	-442	442	-	173	451	157	-	258	150	94	-	275	581	548	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash items
-0	-	114	-52	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash items
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-68	81	233	-	56	618	189	-	121	196	350	-	-	-	-
Changes in assets and liabilities:
Accounts receivable
-260	2,158	-358	1,191	953	651	-	-816	773	-1,461	2,447	169	-452	210	-484	669	-268	123	-1,452	-5,786	3,692	696	156	111	1,141	-122	-567	64	-753	-3,595	-1,212	-88	-474	-2,587	1,102	-3,424	1,486	579
Contract assets
473	-	-	-	-947	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract assets
-	-	-	-	-	-	-	-304	-190	-1,124	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory
356	-546	28	688	620	104	-	946	406	198	-886	1,740	528	249	295	535	390	306	97	-199	-30	140	423	578	1,005	-487	95	-788	-469	-1,100	-3,169	-268	-1,299	1,270	1,869	-76	-2,711	-75
Prepaid expenses and other current assets
33	-384	-18	-196	-221	31	-	-30	-15	-98	1,097	-289	253	22	164	82	246	-541	278	106	-9	-168	-409	135	660	-578	155	-208	521	-288	41	-99	6	-75	-334	-510	954	-1,165
Accounts payable and accrued expenses
-1,086	264	-732	-88	393	-544	-	1,353	625	-2,644	181	1,384	347	10	-107	-411	1,583	98	-282	-997	1,720	-3,071	1,187	-223	1,370	-504	-680	912	172	-1,177	-998	1,540	-414	-3,124	4,904	820	-83	-4,985
Billings in excess of revenue earned
428	-637	-35	147	922	-53	-	-263	-66	379	168	-298	-107	152	-293	20	-75	-77	-271	-2,037	1,178	1,907	240	56	-375	117	-1,234	-148	865	-155	-994	-202	-28	-21	4	-141	-473	-132
Net cash used in operating activities
-3,868	-4,200	-5,400	-3,553	-7,846	-7,917	-	-6,974	-7,148	-6,059	-6,059	-7,163	-6,058	-6,618	-6,163	-7,755	-6,712	-5,569	-6,778	-1,283	-3,380	-5,477	-2,215	-4,348	-6,896	-6,144	-6,060	-5,645	-3,924	-3,269	2,292	261	1,862	-629	8,136	7,584	3,032	499
Cash flows from investing activities:
Purchase of marketable debt securities
-	-	-	-	-	-	-	-	-	-	-3,340	6,162	15,863	948	5,923	10,840	21,589	13,474	8,370	6,688	5,704	2,073	5,737	1,024	4,661	8,444	2,010	1,998	5,600	39,720	146	19,431	9,834	10,440	3,369	19,122	14,659	5,195
Proceeds from sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,246	629	5,460	1,869	0	0	0	0	-	-	-	-	0	0	0	856	-	-	-	-
Cash paid for acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	-	0	0	442	3,247	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Equity Method Investments
-	-	-	-	-	0	-	0	0	1,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Buildings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of III-V product line
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	15,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Assets Held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-7,315	-791	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Machinery and Equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	250	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Divestiture of Businesses, Net of Cash Divested
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	188	55,000	0	0	0	0	-	-	-	-
Cash paid to acquire Intoware and FDD, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-93	-1,249	1,249	-	-	-	-
Cash paid to acquire FDD, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-94	0	0	84	9,999
Proceeds from sale of property and plant
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	133	700	0	2,750	0	0	2,249	0	-	-	-	-
Other assets
-55	-65	5	50	50	0	-	-34	-45	87	60	42	24	12	-88	-179	95	92	18	-25	0	8	-9	11	22	14	-71	73	8	0	33	-4	38	-111	16	-52	-374	394
Capital expenditures
155	57	-6	44	74	223	-	219	186	553	1,452	270	773	297	65	24	81	223	129	341	337	314	-54	566	533	444	222	5	205	307	1,367	2,715	3,972	1,775	1,401	1,865	2,683	1,182
Proceeds from sale of marketable debt securities
6,297	1,500	2,165	1,000	2,789	4,787	-	8,749	6,199	6,909	4,140	9,073	10,803	13,519	6,998	13,348	19,258	11,229	19,572	6,483	8,194	3,805	6,415	9,524	10,594	13,267	3,029	1,899	5,596	6,604	3,990	15,736	3,132	14,446	3,859	21,875	9,953	5,044
Net cash provided by investing activities
6,196	1,508	2,166	-1,595	2,664	3,776	-	3,653	6,058	5,268	5,967	2,597	-6,301	9,012	2,131	2,663	4,807	13,231	12,300	108	7,613	3,280	741	8,172	5,376	4,364	735	1,719	180	18,825	52	-6,312	-11,713	2,042	-2,908	940	-6,706	-11,726
Cash flows from financing activities:
Construction in progress included in accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	136	-	-	-	150	203	13	-76	232	-69	174	0	0	360	-361	-165	526	-57	-469	-24	1,019
Sale of registered stock
-	-0	-90	678	7,450	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury stock purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	298	2,005	3,755	2,230	0	0	0	2,183	1,272	1,354	1,152	1,339	567
Purchase of noncontrolling interest in Kowon
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,662	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options and warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	9	0	128	-	-	-	-	-	-	-	-	0	0	61	10
Settlements of restricted stock for tax withholding obligations
-	38	0	0	7	196	-	0	11	0	-	-	-	-	501	7	0	1	612	276	183	0	-	-	-	-	1,180	0	0	11	527	3	96	0	957	9	4	58
Net cash provided by financing activities
-	-38	-90	678	7,442	-895	-	-0	-11	0	-	-	-	-	-501	-7	0	-1	-612	-276	-97	0	-919	-46	0	-170	-3,186	-3,755	-2,230	-3,673	-527	-3	-2,280	-1,272	-2,311	-1,162	-1,282	-615
Effect of exchange rate changes on cash
-23	13	-16	0	-3	-0	-	-54	-323	110	632	-93	-155	176	-668	371	12	191	-118	-49	-119	22	-19	-33	13	5	-22	172	-78	-165	54	157	-100	155	15	-369	134	2
Net increase in cash and cash equivalents
2,304	-	-	-	2,257	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents:
Income taxes paid
-	-	-	-	-	74	-	0	-129	1,429	281	0	0	0	-	-	-	-	-	-	-	50	-88	0	13	57	95	-113	0	113	-122	0	34	163	23	24	17	122
Supplemental disclosure of cash flow information:
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-5,040	-	-3,375	-1,425	-680	-1,034	-4,658	12,148	2,570	-5,175	-4,728	-1,892	7,851	4,790	-1,500	4,016	-2,174	-2,413	3,743	-1,506	-1,945	-8,533	-7,509	-6,052	11,716	1,872	-5,896	-12,231	296	2,931	6,992	-4,823	-11,840
Issuance costs included in accounts payable and accrued expenses
-	-	-	-50	140	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non cash proceeds from exercise of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,330,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-