Limbach holdings, inc. (LMB)
CashFlow / TTM
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

-1,775

604

512

2,725

-1,845

-4,090

-458

-498

712

-2,928

-1,243

-2,471

-1,641

5,640

3,635

4,123

4,372

-506

-396

-325

0

0

0

Adjustments to reconcile net loss to cash provided by (used in) operating activities:
Depreciation, Depletion and Amortization

6,286

5,701

5,758

5,725

5,683

5,951

6,557

7,843

9,118

10,350

11,115

0

0

0

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

95

111

50

54

64

27

61

13

259

374

464

0

0

0

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

1,766

1,869

1,920

2,059

2,159

2,395

2,777

2,123

1,656

924

0

0

0

0

-

-

-

-

-

-

-

-

-

Capitalized deferred interest on subordinated debt

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Amortization of debt discount and issuance costs

-

0

0

489

-

275

235

204

181

575

582

0

0

0

-

-

-

-

-

-

-

-

-

Deferred tax benefit

-609

-620

244

1,006

-745

-79

532

643

603

-1,570

-4,567

0

0

0

-

-

-

-

-

-

-

-

-

Accretion of preferred stock discount to redemption value

-

-

-

-

-

-

-

-

21

23

8

0

0

0

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Property Plant Equipment

57

52

71

86

90

85

55

-68

-121

-359

-386

0

0

0

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-659

3,061

5,455

5,314

6,408

20,961

34,908

19,380

15,630

-3,537

22,388

0

0

0

-

-

-

-

-

-

-

-

-

Costs and estimated earnings in excess of billings on uncompleted contracts

-

-

0

4,201

-

-

2,603

246

1,046

2,295

-8,096

0

0

0

-

-

-

-

-

-

-

-

-

Other current assets

-30,139

-31,935

336

234

31,162

32,738

-82

-142

-698

-871

-477

0

0

0

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

703

0

-430

288

209

-1

-2

-95

0

0

0

-

-

-

-

-

-

-

-

-

Prepaid assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-65

29

50

0

0

0

Increase (decrease) in accounts payable

-

0

0

8,635

-

3,808

15,588

8,239

10,404

8,235

5,460

13,961

17,484

11,050

3,482

2,950

2,658

412

68

102

0

0

0

Billings in excess of costs and estimated earnings on uncompleted contracts

-

-

0

13,016

-

-

13,747

-2,933

-10,647

-9,857

136

0

0

0

-

-

-

-

-

-

-

-

-

Prepaid income taxes

-

-

-

-2,030

-2,753

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other current liabilities

-

-

-

-548

-

-

-

2,159

-2,780

2,351

2,311

0

0

0

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-337

225

311

336

653

432

202

315

44

83

270

0

0

0

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

-926

5,519

8,981

21,264

25,322

3,495

-3,679

588

-4,065

13,156

3,408

0

0

0

-

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Deferred offering cost payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

669

637

606

-274

-604

-274

0

0

0

Proceeds from sale of property and equipment

168

186

152

140

198

182

186

134

70

2,064

2,092

0

0

0

-

-

-

-

-

-

-

-

-

Decrease (increase) in advances to joint ventures

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Advances to joint ventures

-4

-1

0

2

1

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances to joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Purchase of property and equipment

2,663

2,621

2,989

3,686

3,877

4,422

3,764

3,448

3,303

3,142

2,937

0

0

0

-

-

-

-

-

-

-

-

-

Acquisition of Limbach Holdings LLC, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Proceeds from trust account

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-2,491

-2,434

-2,837

-3,548

-3,680

-4,239

-3,579

-3,314

-3,234

-2,622

-15,002

0

0

0

-

-

-

-

-

-

-

-

-

Cash flows from financing activities:
Bank overdrafts

-1,333

-1,101

-8,532

-3,480

-6,446

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in bank overdrafts

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Proceeds from investment in restricted cash and investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

33

46,021

46,014

0

0

0

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,264

-2,307

-2,323

-33

-46,021

-46,014

0

0

0

Proceeds from revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Proceeds from term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

Proceeds from subordinated debt

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Payments on Credit Agreement term loan

-

-

-

3,450

-

-

-

4,865

4,865

-694

6,857

0

0

0

-

-

-

-

-

-

-

-

-

Payments on Credit Agreement term loan

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Proceeds from Credit Agreement revolver

-

-

-

85,854

-

-

-

139,824

111,562

109,263

79,054

0

0

0

-

-

-

-

-

-

-

-

-

Payments on Credit Agreement revolver

-

-

-

87,459

-

-

-

133,719

105,904

97,048

79,054

0

0

0

-

-

-

-

-

-

-

-

-

Payments on term loan

-

-

-

-

-

-

-

-

33

-698

572

0

0

0

-

-

-

-

-

-

-

-

-

Proceeds from Bridge Term Loan

-

0

0

0

-

10,000

10,000

10,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Payments on Bridge Term Loan

-

0

0

2,264

-

2,014

1,764

250

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Payments on subordinated debt facility

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Payments on financed insurance premium

-

-

-

-

-

-

-

-

2,135

1,747

1,164

0

0

0

-

-

-

-

-

-

-

-

-

Payments of distributions

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Payments on finance leases

-

2,325

2,122

2,014

1,939

1,857

1,843

1,761

1,690

1,635

1,534

0

0

0

-

-

-

-

-

-

-

-

-

Convertible preferred stock redeemed

0

0

0

0

9,191

8,946

13,038

13,038

3,847

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Convertible preferred stock dividends paid

0

0

0

0

875

1,120

1,120

1,120

245

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Taxes paid related to net-share settlement of equity awards

131

124

157

159

211

314

187

185

104

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

Proceeds from issuance of redeemable convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Proceeds from sale of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

0

0

0

Payments of debt issuance costs

3,777

4,104

4,104

1,315

765

0

0

0

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Proceeds from note payable - stockholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

0

0

0

Proceeds from sale of units in IPO, including over-allotment, net of offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Proceeds from private placement of units, including over-allotment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Proceeds from private placement of $15 exercise price warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Deferred costs associated with initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from sale of underwritter purchase option

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46,598

0

0

0

Net cash provided by (used in) financing activities

10,142

-2,851

-5,389

-14,287

-20,649

509

6,829

-3,190

519

-10,081

12,257

0

0

0

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash, cash equivalents and restricted cash

-

-

-

3,429

-

-

-

-5,916

-6,780

453

663

6,253

7,327

-2,044

-2,382

-2,457

-2,505

-307

128

309

0

0

0

Supplemental disclosures of cash flow information
Noncash investing and financing transactions:
Property and equipment acquired financed with capital leases

0

3,956

3,320

3,266

3,260

2,446

2,604

2,126

1,801

2,136

1,977

0

0

0

-

-

-

-

-

-

-

-

-

Financed insurance premium

-

-

-

-

-

-

-

-

2,135

2,135

2,135

0

0

0

-

-

-

-

-

-

-

-

-

Interest paid

4,607

3,680

3,151

2,581

2,714

2,580

2,139

2,202

1,882

4,018

4,317

0

0

0

-

-

-

-

-

-

-

-

-

Accrual of deferred offering cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-