Kvh industries, inc. (KVHI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net loss

33,255

-8,232

-11,034

-7,517

2,253

41

4,533

3,580

860

8,273

-133

Adjustments to reconcile net loss to net cash used in operating activities:
Provision for doubtful accounts

-131

657

674

872

1,337

1,610

1,305

536

276

280

831

Depreciation and amortization

11,487

12,857

11,037

12,564

12,719

9,987

5,994

4,610

4,374

3,845

2,653

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

14

Deferred income taxes

203

-781

-756

2,406

-411

-1,813

-713

2,046

-737

-3,133

-

Loss on disposals of fixed assets

-189

-17

-27

-907

4

-30

0

0

-

-

-

Gain on sale of Videotel

53,711

0

-

-

-

-

-

-

-

-

-

Gain on sale of fixed assets

-

-

-

-

-

-

-

-

-

-

10

Unrealized gain (loss) on derivative instruments

-

-

-

-

57

0

222

-128

131

102

-

Compensation expense related to stock-based awards and employee stock purchase plan

4,159

3,321

3,518

3,651

3,734

3,771

4,124

3,679

3,533

2,523

1,734

Unrealized currency translation (gain) loss

-71

377

86

-881

-391

0

0

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

4,344

2,183

-2,701

-10,709

5,803

8,235

-1,229

2,231

7,438

2,660

2,674

Inventories

553

174

1,978

-806

3,755

-867

1,967

-2,420

3,851

1,215

-2,097

Prepaid expenses, other current assets, and current contract assets

307

286

-1,045

332

1,576

-1,141

-619

716

-164

1,078

840

Other non-current assets and non-current contract assets

1,042

2,054

712

2,378

-1,539

-569

675

558

-2,028

-645

2,282

Accounts payable

-1,916

2,041

6,711

-790

-3,390

1,676

1,196

943

2,223

178

-1,876

Contract liabilities and long-term contract liabilities

1,170

-498

-138

1,474

-

-

-

-

-

-

-

Contract liabilities and long-term contract liabilities

-

-

-

-

-1,643

1,622

-124

-785

1,684

-43

595

Accrued compensation, product warranty, and other

-2,691

874

834

-3,687

3,023

-1,002

891

1,401

-253

1,499

-61

Other long-term liabilities

-4

2

-316

-867

-74

106

65

4

-1,127

360

902

Net cash used in operating activities

-14,165

5,184

11,527

18,699

8,397

10,370

16,255

15,057

1,867

9,577

949

Cash flows from investing activities:
Capital expenditures

12,526

15,897

-

-

-

-

-

-

-

-

-

Capital expenditures

-

-

12,788

5,631

5,694

5,118

4,720

6,504

14,064

11,010

5,163

Cash paid for acquisition of intangible asset

94

44

83

0

0

-

-

-

-

-

-

Proceeds from sale of fixed assets

103

0

-

-

-

-

-

-

-

-

-

Proceeds from sale of Videotel, net of cash sold

88,447

0

-

-

-

-

-

-

-

-

-

Proceeds from Sale of Property, Plant, and Equipment

-

-

-

-

-

-

0

-

-

-

29

Net cash paid for business acquired

-

-

-

-

-

43,448

22,944

0

0

6,365

-

Purchases of marketable securities

41,882

2,036

11,115

13,173

11,323

12,270

41,950

21,945

49,541

87,886

35,026

Maturities and sales of marketable securities

12,000

10,330

28,508

10,080

13,217

34,150

24,867

16,190

56,053

93,207

37,194

Net cash provided by (used in) investing activities

46,048

-7,647

4,522

-8,724

-3,800

-26,686

-44,747

-12,259

-7,552

-12,055

-2,966

Cash flows from financing activities:
Repayments of long-term debt

2,597

182

1,649

1,358

1,307

1,272

1,030

131

124

117

2,101

Borrowings from long-term debt

-

-

-

-

-

-

5,844

0

0

-

4,000

Repayments of term note borrowings

21,938

22,507

9,350

5,281

4,876

1,219

0

0

-

-

-

Repayments of Long-term Lines of Credit

15,000

0

-

-

-

30,000

0

2,000

0

0

-

Proceeds from line of credit borrowings

10,000

5,000

0

0

-

-

23,000

0

9,000

0

-

Proceeds from Long-term loan

-

-

-

-

-

65,000

0

0

-

-

-

Proceeds from stock options exercised and employee stock purchase plan

700

484

1,644

2,583

432

608

2,344

1,578

942

4,423

-1,662

Repurchase of common stock

-

-

-

-

-

-

-

-

3,679

0

600

Repurchase of common stock

1,297

0

392

313

578

482

828

332

625

480

46

Sale of treasury stock

0

4,500

0

0

-

-

-

-

-

-

-

Payment of finance lease

624

561

0

0

-

-

-

-

-

-

-

Other

-

-

0

4

0

-41

5

0

10

6

-4

Net cash (used in) provided by financing activities

-30,756

-13,266

-9,747

-4,373

-6,329

32,676

29,325

-885

5,504

3,818

2,908

Effect of exchange rate changes on cash and cash equivalents

-812

-817

1,872

-1,899

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

315

-16,546

8,174

3,703

-

-

-

-

-

-

-

Supplemental disclosure of non-cash investing activities:
Cash paid for interest

929

1,679

1,449

1,433

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

1,467

1,296

601

201

267

189

81

Cash paid for income taxes, net of refunds

424

2,578

972

3,647

2,182

2,470

1,248

323

58

881

480

Changes in accrued other and accounts payable related to property and equipment additions

126

244

501

345

0

0

-

435

945

0

-

Deferred purchase price consideration related to asset acquisition included in accrued expenses

-

-

50

0

0

-

-

-

-

-

-

Satellite hubs acquired under finance lease

0

3,068

0

0

-

-

-

-

-

-

-

Right of use assets (ROU) assets arising from entering into new operating lease obligations

494

0

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-838

-429

-453

48

-43

29

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-2,570

15,931

380

1,961

-224

1,370

891