KOPIN CORPORATION KOPN Cash Flow

Kopin corporation (KOPN)

CashFlow / TTM

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
-21,737	-29,400	-32,073	-35,381	-40,347	-34,500	-	-26,423	-24,918	-22,932	-25,400	-28,626	-28,510	-24,105	-23,000	-24,951	-21,425	-17,864	-14,843	-13,214	-13,656	-23,390	-28,670	-33,069	-36,980	-36,063	-5,606	-95	1,851	4,836	-18,994	-14,122	-6,710	-826	3,684	0	0	0
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
698	792	867	1,266	1,668	1,958	-	2,312	2,489	2,613	2,501	1,922	1,484	1,101	993	1,228	1,600	1,792	2,138	2,274	2,412	2,750	3,002	3,176	3,290	3,484	3,646	4,535	6,114	7,680	9,111	10,235	9,918	9,198	8,598	0	0	0
Accretion of premium or discount on marketable debt securities
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-130	18	55	-185	-168	-284	-319	-56	-53	-209	-463	-406	-360	-147	211	234	287	265	212	206	152	0	0	0
Stock-based compensation
1,400	2,057	2,718	3,457	4,207	4,791	-	3,184	3,015	2,403	2,296	3,936	3,442	3,660	2,425	1,838	2,074	2,204	3,145	4,058	4,487	4,698	4,827	4,109	4,146	3,824	4,203	4,362	4,682	4,908	4,486	5,520	4,676	4,448	3,923	0	0	0
Net (gain)/loss on investment transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,206	7,960	7,602	2,142	0	0	0	0	-	-	-	-	856	0	0	0	-	-	-	-
Losses in unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	102	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency losses (gains)
-206	220	1,333	1,189	1,110	1,096	-	-761	-256	515	-893	604	-804	-1,416	-711	-2,273	-388	107	455	1,339	884	-197	96	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill, Impairment Loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Loss on remeasurement of investment in Intoware
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Loss in unconsolidated affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-685	-532	-342	-296	0	0	0
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)
-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-63	20	36	74	107	37	60	80	129	201	-10	-38	224	0	0	0
Change in allowance for bad debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,452	0	0	0	-	-	-	-	-	-	-	-
Provision for Doubtful Accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on investments
-	-	-	-	-	-	0	-	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-
Loss on disposal of plant and equipment
-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of plant and equipment
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of excess inventory
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	935	-462	-78	14	0	0	0
Other non-cash items
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Write-off of excess inventory
-	-	-	-	-	-	0	-	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash items
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash items
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-
Changes in assets and liabilities:
Accounts receivable
2,730	3,944	2,437	1,979	1,562	-853	-	943	1,929	703	2,376	-555	-56	127	39	-928	-7,384	-3,424	-2,850	-1,241	4,656	2,105	1,286	562	515	-1,380	-4,853	-5,498	-5,651	-5,372	-4,363	-2,048	-5,383	-3,423	-256	0	0	0
Contract assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract assets
-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory
527	792	1,442	2,360	2,078	1,656	-	665	1,459	1,582	1,633	2,815	1,609	1,470	1,527	1,329	594	174	8	334	1,113	2,148	1,520	1,192	-174	-1,649	-2,262	-5,527	-5,007	-5,837	-3,466	1,572	1,763	352	-993	0	0	0
Prepaid expenses and other current assets
-566	-821	-405	-417	-236	-113	-	953	694	964	1,084	151	522	515	-48	65	90	-165	207	-480	-451	218	-191	373	29	-109	179	66	175	-339	-126	-502	-913	34	-1,055	0	0	0
Accounts payable and accrued expenses
-1,643	-163	-971	1,114	1,829	-1,208	-	-482	-451	-730	1,924	1,635	-160	1,075	1,163	988	402	538	-2,632	-1,161	-387	-737	1,829	-39	1,097	-100	-773	-1,090	-462	-1,049	-2,996	2,906	2,186	2,516	655	0	0	0
Billings in excess of revenue earned
-96	397	980	753	538	-4	-	217	181	141	-85	-546	-227	-195	-425	-404	-2,461	-1,207	777	1,289	3,382	1,828	38	-1,436	-1,641	-399	-672	-432	-486	-1,380	-1,247	-248	-187	-632	-743	0	0	0
Net cash used in operating activities
-17,021	-21,000	-24,717	-26,292	-29,887	-28,100	-	-26,241	-26,430	-25,340	-25,900	-26,004	-26,595	-27,249	-26,200	-26,815	-20,343	-17,011	-16,919	-12,356	-15,421	-18,937	-19,604	-23,449	-24,747	-21,775	-18,900	-10,547	-4,639	1,147	3,788	9,631	16,954	18,123	19,252	0	0	0
Cash flows from investing activities:
Purchase of marketable debt securities
-	-	-	-	-	-	-	-	-	-	19,633	28,898	33,576	39,303	51,828	54,275	50,122	34,237	22,835	20,202	14,539	13,496	19,867	16,141	17,114	18,053	49,329	47,466	64,899	69,133	39,853	43,076	42,767	47,591	42,345	0	0	0
Proceeds from sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,206	7,960	7,330	1,869	0	0	0	0	-	-	-	-	856	0	0	0	-	-	-	-
Cash paid for acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	-	3,690	0	0	3,247	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Equity Method Investments
-	-	-	-	-	1,000	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Buildings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of III-V product line
-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000	15,000	15,000	15,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Assets Held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Machinery and Equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	250	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Divestiture of Businesses, Net of Cash Divested
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,188	55,188	55,188	55,000	0	0	0	0	-	-	-	-
Cash paid to acquire Intoware and FDD, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Cash paid to acquire FDD, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-94	-94	-9	10,084	0	0	0
Proceeds from sale of property and plant
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,583	3,450	2,750	5,000	2,249	0	0	0	-	-	-	-
Other assets
-64	41	107	67	-29	8	-	68	145	216	140	-8	-231	-160	-80	26	180	85	1	-26	10	32	38	-23	38	24	10	115	38	68	-43	-61	-109	-522	-16	0	0	0
Capital expenditures
251	170	336	562	704	1,183	-	2,412	2,462	3,050	2,794	1,407	1,161	469	394	458	776	1,031	1,122	939	1,163	1,360	1,489	1,766	1,205	877	741	1,887	4,597	8,363	9,831	9,865	9,015	7,726	7,132	0	0	0
Proceeds from sale of marketable debt securities
10,962	7,454	10,741	17,325	22,525	26,646	-	25,999	26,322	30,926	37,536	40,393	44,669	53,124	50,835	63,409	56,543	45,479	38,055	24,898	27,940	30,339	39,801	36,415	28,790	23,793	17,130	18,091	31,927	29,463	37,305	37,175	43,313	50,134	40,732	0	0	0
Net cash provided by investing activities
8,275	4,742	7,010	8,498	16,153	18,757	-	20,948	19,892	7,532	11,276	7,440	7,506	18,615	22,833	33,001	30,447	33,253	23,302	11,743	19,807	17,570	18,655	18,648	12,196	7,000	21,461	20,779	12,747	852	-15,930	-18,892	-11,639	-6,632	-20,401	0	0	0
Cash flows from financing activities:
Construction in progress included in accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	291	373	99	261	337	105	534	-1	-166	360	-57	-165	-24	469	0	0	0
Sale of registered stock
-	8,038	0	0	0	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury stock purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	298	2,303	6,059	8,290	7,991	5,986	2,230	2,183	3,455	4,809	5,962	5,119	4,414	0	0	0
Purchase of noncontrolling interest in Kowon
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options and warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	137	0	0	0	-	-	-	-	-	-	-	-	72	0	0	0
Settlements of restricted stock for tax withholding obligations
-	45	203	203	215	208	-	0	0	0	-	-	-	-	510	621	890	1,073	1,072	0	0	0	-	-	-	-	1,192	539	543	640	628	1,057	1,063	971	1,029	0	0	0
Net cash provided by financing activities
-	7,993	7,135	7,225	6,535	-907	-	0	0	0	-	-	-	-	-510	-621	-890	-987	-986	-1,293	-1,063	-966	-1,136	-3,403	-7,112	-9,343	-12,846	-10,188	-6,436	-6,485	-4,084	-5,867	-7,026	-6,028	-5,371	0	0	0
Effect of exchange rate changes on cash
-27	-6	-19	-57	-381	-268	-	364	325	494	560	-740	-275	-107	-93	456	36	-95	-264	-165	-150	-17	-34	-37	169	77	-93	-16	-31	-54	266	228	-299	-64	-217	0	0	0
Net increase in cash and cash equivalents
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents:
Income taxes paid
-	-	-	-	-	1,374	-	1,581	1,581	1,710	281	0	0	0	-	-	-	-	-	-	-	-25	-18	165	51	38	95	-122	-8	25	75	220	244	227	186	0	0	0
Supplemental disclosure of cash flow information:
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-10,521	-	-6,515	-7,798	5,774	9,025	4,884	4,814	-9,226	-3,945	6,020	9,248	15,158	5,132	-2,071	3,172	-2,350	-2,120	-8,241	-19,494	-24,040	-10,378	27	1,639	-4,539	-15,959	-14,900	-2,010	5,398	-6,739	0	0	0
Issuance costs included in accounts payable and accrued expenses
-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non cash proceeds from exercise of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-