Kvh industries, inc. (KVHI)
CashFlow / TTM
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

33,295

33,255

34,916

38,001

-10,593

-8,232

-8,095

-9,359

-10,042

-11,034

-16,132

-10,831

-9,611

-7,517

3,367

41

884

2,253

-890

-276

-258

41

-1,282

-47

1,447

4,533

7,655

8,014

6,918

3,580

2,427

1,282

1,019

860

0

0

0

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

172

-131

185

460

564

657

481

509

628

674

1,130

732

543

872

974

1,380

1,238

1,337

2,108

1,927

2,065

1,610

823

1,041

1,280

1,305

706

729

608

536

0

0

0

-

-

-

-

Depreciation and amortization

10,610

11,487

12,269

12,981

13,334

12,857

12,296

11,848

11,326

11,037

11,696

11,786

12,136

12,564

12,382

12,742

12,779

12,719

12,740

12,809

11,423

9,987

8,367

6,735

6,463

5,994

5,534

5,073

4,719

4,610

4,467

4,371

4,379

4,374

0

0

0

Deferred income taxes

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

2,406

-1,254

-1,135

28

-411

-609

-1,922

-1,950

-1,813

-2,885

-1,043

-1,685

-713

1,272

1,685

2,627

2,046

0

0

0

-

-

-

-

Loss on disposals of fixed assets

-187

-189

-179

-134

-73

-17

-8

-24

-24

-27

-129

-765

-654

-907

-757

-102

-291

4

-68

-69

9

-30

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain (loss) on derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

0

-

-

-

212

222

-296

-119

-129

-128

126

159

131

131

0

0

0

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

4,090

4,159

3,888

3,636

3,342

3,321

3,349

3,298

3,411

3,518

3,480

3,582

3,559

3,651

3,694

3,741

3,828

3,734

3,776

3,743

3,726

3,771

3,963

4,022

4,045

4,124

3,920

3,815

3,744

3,679

3,603

3,575

3,597

3,533

0

0

0

Unrealized currency translation (gain) loss

2,076

-71

886

454

-665

377

171

179

58

86

218

-65

-357

-881

-1,094

-1,088

-927

-391

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

1,711

4,344

2,603

1,650

1,148

2,183

491

3,069

1,550

-2,701

-1,865

-4,589

-3,353

-10,709

-4,372

-2,574

-4,979

5,803

8,072

3,190

6,803

8,235

1,863

4,608

-2,356

-1,229

-4,539

3,138

11,670

2,231

10,000

2,252

611

7,438

0

0

0

Inventories

-470

553

679

1,345

2,733

174

2,989

-546

1,527

1,978

511

1,721

-1,369

-806

-473

1,807

4,113

3,755

613

-650

-112

-867

2,463

2,668

1,705

1,967

189

198

-601

-2,420

-1,744

-122

418

3,851

0

0

0

Prepaid expenses, other current assets and current contract assets

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses, other current assets, and current contract assets

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current assets and non-current contract assets

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses, other current assets, and current contract assets

-

-

-

-

-

-

-

-

-

-

-

-

-

332

2,226

899

2,178

1,576

613

418

-1,560

-1,141

-175

-1,485

-448

-619

543

1,301

1,463

716

-160

267

-104

-164

0

0

0

Other non-current assets and non-current contract assets

-

-

-

-

-

-

-

-

-

-

-

-

-

2,378

1,694

67

-1,442

-1,539

-1,116

-433

104

-569

-208

-123

657

675

503

819

483

558

-11

-2,256

-2,245

-2,028

0

0

0

Accounts payable

-5,717

-1,916

702

1,111

3,601

2,041

2,809

5,274

6,054

6,711

3,288

952

2,057

-790

-2,413

610

-3,700

-3,390

-3,784

-426

1,284

1,676

4,233

382

1,107

1,196

754

795

1,655

943

3,766

627

332

2,223

0

0

0

Contract liabilities and long-term contract liabilities

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation, product warranty and other

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities and long-term contract liabilities

-

-

-

-

-

-

-

-

-

-

0

0

1,034

-

1,831

-1,954

-6,167

-1,643

692

578

6,133

1,622

365

-448

601

-124

734

1,740

1,007

-785

299

1,812

347

1,684

0

0

0

Accrued compensation, product warranty, and other

-

-

-

-

-

-

-

-

-

834

820

1,667

-852

-3,687

-4,608

-4,246

3,747

3,023

3,990

60

-3,209

-1,002

1,618

2,070

953

891

-2,209

2,335

2,798

1,401

3,494

-1,167

-2,130

-253

0

0

0

Other long-term liabilities

-

-

-

-

-

-

-

-

-

-316

-1,059

-1,087

-1,115

-867

-91

-141

-101

-74

180

7

105

106

-1,087

-1,016

-1,115

65

989

1,184

1,168

4

124

-1,249

-1,115

-1,127

0

0

0

Net cash used in operating activities

-16,039

-14,165

-8,027

-201

5,307

5,184

3,897

3,557

5,985

11,527

9,121

16,619

14,406

18,699

16,715

12,345

13,831

8,397

10,362

14,009

14,145

10,370

9,941

5,750

13,306

16,255

22,619

20,051

12,356

15,057

12,013

9,479

8,058

1,867

0

0

0

Cash flows from investing activities:
Capital expenditures

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

-

-

-

-

-

-

14,017

13,440

13,930

12,788

11,074

9,912

6,402

5,631

5,604

4,730

5,700

5,694

6,464

6,759

5,617

5,118

5,224

5,127

4,701

4,720

4,295

3,412

5,088

6,504

11,192

14,636

15,471

14,064

0

0

0

Cash paid for acquisition of intangible asset

91

94

93

81

69

44

50

33

33

83

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of marketable securities

41,961

41,882

50,300

50,032

1,010

2,036

3,800

5,803

10,756

11,115

11,895

16,741

12,252

13,173

8,145

4,454

4,004

11,323

15,459

13,632

12,608

12,270

17,347

24,182

38,532

41,950

44,060

40,295

15,210

21,945

22,858

36,689

59,906

49,541

0

0

0

Maturities and sales of marketable securities

19,500

12,000

4,311

310

4,317

10,330

11,761

19,242

24,167

28,508

32,283

25,626

18,148

10,080

6,061

9,370

12,408

13,217

13,340

27,016

22,989

34,150

41,230

27,499

35,422

24,867

19,995

18,806

2,670

16,190

26,192

38,521

64,229

56,053

0

0

0

Net cash provided by (used in) investing activities

53,222

46,048

28,699

23,591

-12,497

-7,647

-6,106

-34

-552

4,522

9,259

-1,077

-556

-8,724

-7,688

186

2,704

-3,800

-6,866

-36,823

-38,684

-26,686

-26,507

-1,980

-30,755

-44,747

-51,303

-47,675

-17,628

-12,259

-7,858

-12,804

-11,148

-7,552

0

0

0

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

2,566

2,597

2,643

2,690

169

182

179

177

175

1,649

1,950

2,245

2,542

1,358

0

0

0

-

-

-

1,282

1,272

1,209

1,218

1,228

1,030

805

509

215

131

130

128

126

124

0

0

0

Borrowings from long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,844

4,671

4,671

4,671

0

0

0

0

-

-

-

-

Repayments of term note borrowings

-

-

-

-

-

22,507

4,550

4,550

4,550

9,350

10,400

11,044

11,687

5,281

4,876

4,876

4,876

4,876

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Long-term Lines of Credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,000

0

0

0

-

-

-

-

Proceeds from stock options exercised and employee stock purchase plan

542

700

565

748

798

484

789

477

584

1,644

3,525

3,732

3,497

2,583

562

361

381

432

296

423

676

608

556

765

1,274

2,344

3,154

2,837

2,559

1,578

935

846

1,808

942

0

0

0

Repurchase of common stock

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

-

-

-

-

392

392

392

380

313

546

547

559

578

345

344

345

482

482

482

481

828

827

827

827

332

333

333

334

625

0

0

0

Sale of treasury stock

-

-

-

-

-

4,500

4,500

4,500

4,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of finance lease

0

-

-

-

606

561

410

258

107

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

0

0

0

Net cash (used in) provided by financing activities

-31,277

-30,756

-43,156

-41,594

-14,659

-13,266

150

-8

252

-9,747

-9,221

-9,953

-11,116

-4,373

-6,201

-6,392

-6,371

-6,329

-4,965

30,172

31,652

32,676

33,819

233

23,733

29,325

29,188

29,172

6,188

-885

-670

3,706

3,373

5,504

0

0

0

Effect of exchange rate changes on cash and cash equivalents

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

4,283

315

-23,657

-19,231

-23,509

-16,546

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

388

126

-635

-151

-132

244

1,064

-327

869

501

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

50

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

0

0

-1,547

-

-1,350

-1,819

-345

-838

-831

-253

-1,017

-429

-543

-558

-530

-453

88

126

63

48

-127

-63

-44

-43

0

0

0

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

0

0

1,187

-

1,476

4,320

9,819

-2,570

-2,300

7,105

6,096

15,931

16,710

3,445

5,754

380

592

1,674

979

1,961

3,358

318

239

-224

0

0

0