Kvh industries, inc. (KVHI)
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 flows from operating activities:
Net loss

-6,214

-3,483

-4,259

47,251

-6,254

-1,822

-1,174

-1,343

-3,893

-1,685

-2,438

-2,026

-4,885

-6,783

2,863

-806

-2,791

4,101

-463

37

-1,422

958

151

55

-1,123

-365

1,386

1,549

1,963

2,757

1,745

453

-1,375

1,604

600

190

-1,534

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

238

-103

40

-3

-65

213

315

101

28

37

343

220

74

493

-55

31

403

595

351

-111

502

1,366

170

27

47

579

388

266

72

-20

411

145

0

-

-

-

-

Depreciation and amortization

2,650

2,594

2,481

2,885

3,527

3,376

3,193

3,238

3,050

2,815

2,745

2,716

2,761

3,474

2,835

3,066

3,189

3,292

3,195

3,103

3,129

3,313

3,264

1,717

1,693

1,693

1,632

1,445

1,224

1,233

1,171

1,091

1,115

1,090

1,075

1,099

1,110

Deferred income taxes

0

-

-

-

71

-

-

-

9

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

362

-537

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

3,294

172

-1,073

13

-366

291

90

-426

-564

-1,022

62

-289

-1,636

820

-580

683

349

1,233

362

102

-

-

-

-

Loss on disposals of fixed assets

-54

-25

-47

-61

-56

-15

-2

0

0

-6

-18

0

-3

-108

-654

111

-256

42

1

-78

39

-30

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain (loss) on derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

260

-19

-

-

-

13

-

-

-

21

295

-146

42

31

-223

31

32

32

31

64

4

32

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

805

1,140

1,112

1,033

874

869

860

739

853

897

809

852

960

859

911

829

1,052

902

958

916

958

944

925

899

1,003

1,136

984

922

1,082

932

879

851

1,017

856

851

873

953

Unrealized currency translation (gain) loss

1,065

-870

510

1,371

-1,082

87

78

252

-40

-119

86

131

-12

13

-197

-161

-536

-200

-191

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-3,577

2,707

451

2,130

-944

966

-502

1,628

91

-726

2,076

109

-4,160

110

-648

1,345

-11,516

6,447

1,150

-1,060

-734

8,716

-3,732

2,553

698

2,344

-987

-4,411

1,825

-966

6,690

4,121

-7,614

6,803

-1,058

2,480

-787

Inventories

2,094

-1,859

1,104

-1,809

3,117

-1,733

1,770

-421

558

1,082

-1,765

1,652

1,009

-385

-555

-1,438

1,572

-52

1,725

868

1,214

-3,194

462

1,406

459

136

667

443

721

-1,642

676

-356

-1,098

-966

2,298

184

2,335

Prepaid expenses, other current assets and current contract assets

243

-

-

-

-952

-

-

-

651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses, other current assets, and current contract assets

-

-

-

-

-

-

-

-

-

-

151

-154

203

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current assets and non-current contract assets

47

-

-

-

-1,236

-

-

-

836

-

-

-

269

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses, other current assets, and current contract assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,600

1,930

-165

1,167

-706

603

1,114

565

-1,669

408

-864

984

-703

-902

173

813

459

-144

335

66

-417

283

-36

6

Other non-current assets and non-current contract assets

-

-

-

-

-

-

-

-

-

-

-

-

-

188

615

1,050

525

-496

-1,012

-459

428

-73

-329

78

-245

288

-244

858

-227

116

72

522

-152

-453

-2,173

533

65

Accounts payable

-1,174

415

-2,309

-2,649

2,627

3,033

-1,900

-159

1,067

3,801

565

621

1,724

378

-1,771

1,726

-1,123

-1,245

1,252

-2,584

-813

-1,639

4,610

-874

-421

918

759

-149

-332

476

800

711

-1,044

3,299

-2,339

416

847

Contract liabilities and long-term contract liabilities

317

-

-

-

-1,254

-

-

-

1,094

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation, product warranty and other

246

-

-

-

-1,738

-

-

-

-1,303

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

2

-

-

-

-15

-

-

-

-6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities and long-term contract liabilities

-

-

-

-

-

-

-

-

-

-

-837

2,550

454

-

3,005

-70

894

-1,998

-780

-4,283

5,418

337

-894

1,272

907

-920

-1,707

2,321

182

-62

-701

1,588

-1,610

1,022

812

123

-273

Accrued compensation, product warranty, and other

-

-

-

-

-

-

-

-

-

-1,644

2,081

-452

849

-1,658

2,928

-2,971

-1,986

-2,579

3,290

5,022

-2,710

-1,612

-640

1,753

-503

1,008

-188

636

-565

-2,092

4,356

1,099

-1,962

1

-305

136

-85

Other long-term liabilities

-

-

-

-

-

-

-

-

-

-11

-11

-8

-286

-754

-39

-36

-38

22

-89

4

-11

276

-262

102

-10

-917

-191

3

1,170

7

4

-13

6

127

-1,369

121

-6

Net cash used in operating activities

-2,948

-2,715

-4,867

-5,509

-1,074

3,423

2,959

-1

-1,197

2,136

2,619

2,427

4,345

-270

10,117

214

8,638

-2,254

5,747

1,700

3,204

-289

9,394

1,836

-571

-718

5,203

9,392

2,378

5,646

2,635

1,697

5,079

2,602

101

276

-1,112

Cash flows from investing activities:
Capital expenditures

3,277

-

-

-

3,027

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

-

-

-

-

-

-

4,002

4,272

3,189

2,554

3,425

4,762

2,047

840

2,263

1,252

1,276

813

1,389

2,222

1,270

1,583

1,684

1,080

771

1,689

1,587

654

790

1,264

704

2,330

2,206

5,952

4,148

3,165

799

Cash paid for acquisition of intangible asset

22

23

34

12

25

22

22

0

0

28

5

0

50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of marketable securities

79

-8,418

268

50,032

0

0

0

1,010

1,026

1,764

2,003

5,963

1,385

2,544

6,849

1,474

2,306

-2,484

3,158

1,024

9,625

1,652

1,331

0

9,287

6,729

8,166

14,350

12,705

8,839

4,401

-10,735

19,440

9,752

18,232

12,482

9,075

Maturities and sales of marketable securities

7,500

8,000

4,000

0

0

311

-1

4,007

6,013

1,742

7,480

8,932

10,354

5,517

823

1,454

2,286

1,498

4,132

4,492

3,095

1,621

17,808

465

14,256

8,701

4,077

8,388

3,701

3,829

2,888

-7,748

17,221

13,831

15,217

17,960

9,045

Net cash provided by (used in) investing activities

4,122

13,204

1,083

34,813

-3,052

-4,145

-4,025

-1,275

1,798

-2,604

2,047

-1,793

6,872

2,133

-8,289

-1,272

-1,296

3,169

-415

1,246

-7,800

103

-30,372

-615

4,198

282

-5,845

-29,390

-9,794

-6,274

-2,217

657

-4,425

-1,873

-7,163

2,313

-829

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

0

0

0

2,566

31

46

47

45

44

43

45

43

1,518

344

340

340

334

-

-

-

324

321

320

317

314

258

329

327

116

33

33

33

32

32

31

31

30

Borrowings from long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,173

0

0

4,671

0

0

0

0

-

-

-

-

Repayments of term note borrowings

-

-

-

-

-

18,532

575

575

2,825

575

575

575

7,625

1,625

1,219

1,218

1,219

1,220

1,219

1,218

1,219

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Long-term Lines of Credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,000

-

-

-

-

Proceeds from stock options exercised and employee stock purchase plan

156

142

193

51

314

7

376

101

0

312

64

208

1,060

2,193

271

-27

146

172

70

-7

197

36

197

246

129

-16

406

755

1,199

794

89

477

218

151

0

1,439

-648

Repurchase of common stock

390

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

-

-

-

-

0

0

0

392

0

0

-12

325

233

1

0

344

0

0

1

481

0

0

0

828

-1

0

0

333

0

0

1

624

Sale of treasury stock

-

-

-

-

-

0

0

0

4,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of finance lease

156

-

-

-

152

151

152

151

107

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

20

-10

Net cash (used in) provided by financing activities

-390

-1,322

-1,960

-27,605

131

-13,722

-398

-670

1,524

-306

-556

-410

-8,475

220

-1,288

-1,573

-1,732

-1,608

-1,479

-1,552

-1,690

-244

33,658

-72

-666

899

72

23,428

4,926

762

56

444

-2,147

977

4,432

111

-16

Effect of exchange rate changes on cash and cash equivalents

-607

-

-

-

204

-

-

-

1,047

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

177

9,122

-6,063

1,047

-3,791

-14,850

-1,637

-3,231

3,172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

423

40

-143

68

161

-721

341

87

537

99

-1,050

1,283

169

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

0

0

0

50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

834

822

221

-

-227

-781

-131

-211

-696

693

-624

-204

-118

-71

-36

-318

-133

-43

41

223

-95

-106

26

48

-31

-87

27

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

4,944

1,046

2,963

-

313

-3,412

5,479

-904

3,157

2,087

-6,910

-634

12,562

1,078

2,925

145

-703

3,387

-2,449

357

379

2,692

-1,467

1,754

-2,661

2,613

-1,930