Landec corporation (LNDC)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18Aug'18May'18May'18Feb'18Feb'18Nov'17Nov'17Aug'17May'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-

-

-4,784

-

-

-

190

190

-

6,112

-

16,086

-

513

2,212

-

2,464

3,494

1,374

3,345

4,803

-21,167

1,928

2,988

4,251

3,803

3,247

2,424

4,616

6,422

3,493

4,811

4,585

4,792

8,972

4,463

2,894

4,814

3,438

1,953

-2,647

2,323

2,182

2,403

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation, amortization of intangibles and amortization of debt costs

4,770

4,527

4,503

4,724

4,048

3,313

3,145

3,145

-

3,336

-

3,142

-

2,980

2,954

-

2,850

2,717

2,560

2,550

2,909

2,147

2,128

2,211

1,913

1,834

1,830

1,513

1,750

1,577

1,945

1,842

1,768

1,866

1,805

1,856

1,510

1,382

1,374

1,355

1,403

1,308

1,296

1,306

Stock-based compensation expense

566

787

528

1,078

816

938

728

728

-

1,191

-

1,146

-

1,116

950

-

1,122

1,069

966

807

884

884

900

797

438

391

350

398

364

353

361

278

560

464

323

348

558

429

444

441

553

436

456

506

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,120

590

1,727

-

-11,727

658

509

-161

2,898

986

429

299

1,236

1,747

2,303

2,376

1,191

1,097

1,942

3,126

620

-164

-299

2,020

500

362

375

Deferred taxes

-5,257

-1,182

-1,442

370

314

289

-63

-63

-

1,834

-

-10,419

-

214

1,150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in investment in non-public company, fair value

0

200

0

0

0

600

1,000

1,000

-

700

-

0

-

1,300

900

-

200

700

0

0

200

0

200

800

400

2,100

1,200

200

1,900

400

2,300

5,400

1,800

1,048

956

4,296

-

-

-

-

-

-

-

-

Net loss (gain) on disposal of property and equipment

-150

8

7

-212

25

-4

3

3

-

-64

-

-138

-

43

2

-

-322

-207

-61

4

-66

20

-3

3

-

-

-

0

1

-206

-78

-46

-37

0

0

-180

-

-

-

-

-

-

-

-

Change in investment in non-public company (fair market value)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,552

1,122

52

-

-

-

-

Increase in long-term receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200

200

1,400

-200

-200

-200

Tax benefit from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

241

36

0

-

-

-

-

-1,441

929

1,309

505

-1,454

2,133

2,098

1,280

2,781

-432

-781

-804

Changes in current assets and current liabilities:
Accounts receivable, net

-199

8,560

-8,163

9,175

660

4,760

-5,735

-5,735

-

3,957

-

-5,918

-

8,505

768

-

824

-4,091

5,859

-2,256

3,482

-7,359

5,763

-1,959

1,169

-6,988

8,502

-929

3,013

-704

8,772

-3,099

-1,195

-3,328

10,300

-1,656

1,528

-5,689

8,700

-1,293

3,683

5,366

-5,051

-982

Accounts receivable, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58

-74

-466

359

-1

45

-55

-55

64

-99

-40

-832

288

173

95

Taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-936

-

-2,536

-101

-161

6,544

-950

-1,604

-236

1,289

-2,316

-2,225

-1,329

-3,245

685

808

874

Inventories

8,496

3,543

888

9,905

1,215

1,642

-1,833

-1,833

-

3,070

-

-2,087

-

2,697

2,849

-

1,407

-4,697

-2,212

4,647

-1,627

-1,697

436

3,396

365

-5,778

2,606

3,099

-933

-1,197

2,276

476

1,728

-2,017

859

1,532

670

-243

547

-533

6,881

810

-1,674

-1,963

Prepaid expenses and other current assets

-1,105

-661

1,215

-535

1,201

-2,630

363

363

-

111

-

2,972

-

63

841

-

-1,176

803

-1,013

347

-979

-2,450

2,734

-270

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,158

1,401

-40

-3,342

3,184

176

260

-11

-2,925

-457

-195

-1,426

-706

768

762

Accounts payable

17,896

0

-6,105

7,204

13,293

1,163

-2,544

-2,544

-

-6,610

-

-2,046

-

8,957

4,664

-

1,362

-1,150

-5,699

709

4,641

-11,830

4,975

-3,063

6,697

-11,204

2,137

5,264

1,704

-4,894

5,436

-2,387

3,730

1,796

-780

4,080

1,751

-4,435

727

1,413

1,662

-3,843

1,185

3,389

Accounts payable, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-133

-55

-489

595

-234

-108

-243

559

-115

-39

71

240

-62

-389

162

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation

-242

1,300

-3,288

3,310

261

1,947

-5,269

-5,269

-

3,529

-

-1,051

-

2,328

-2,825

-

2,075

440

1,651

-1,415

1,254

-1,177

1,470

-2,829

1,998

-229

1,426

-549

-109

890

-614

-129

-929

1,354

601

-1,824

1,864

533

760

-456

196

738

101

3

Other accrued liabilities

359

2,038

-893

-734

-820

1,189

386

386

-

-934

-

1,823

-

-2,003

-269

-

-1,333

2,617

-810

1,612

398

986

1,591

-419

426

-112

781

-1,084

670

89

1,459

993

78

-1,948

819

-1,435

4,125

-607

-360

276

96

452

-120

104

Deferred revenue

7

123

-11

-787

-632

-369

-

-589

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-589

-

695

-

112

-

1,389

-

-26

-119

-

-45

-232

-126

-320

771

-473

11

-259

891

-848

-195

-420

392

654

-620

-497

675

544

364

-182

-11

-795

-1,507

-1,309

1,725

-963

-1,187

Net cash (used in) provided by operating activities

10,584

-9,483

-5,439

-1,429

12,646

2,617

2,186

2,186

-

-521

-

13,964

-

2,886

3,450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,091

-2,701

5,085

-

9,277

-5,100

4,358

2,035

10,366

-2,315

4,383

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,467

-

4,148

4,047

-1,765

13,242

10,026

-593

3,943

7,211

9,541

-245

4,538

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Purchases of property and equipment

6,089

6,048

9,981

11,590

14,556

4,148

14,440

14,440

-

12,855

-

11,298

-

3,710

5,727

-

13,515

4,750

2,607

2,131

13,536

10,956

11,716

3,487

7,309

3,067

3,037

4,098

4,694

2,511

3,336

4,345

4,339

1,258

1,251

2,029

1,479

850

1,481

1,561

1,809

1,425

1,774

1,676

Issuance of note receivable

-

-

-

-

-

-

0

-

-

0

-

0

-

914

1,185

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of notes and advances receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,278

-359

2,823

-

-

-

-

-

-

-

-

0

2,113

834

752

6,141

-1,503

-791

-774

Proceeds from collections of notes receivable

0

68

296

141

209

195

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

508

2,956

235

5

196

2,481

323

314

Proceeds from sales of fixed assets

2,403

10

19

25

236

0

3

3

-

12

-

15

-

30

43

-

7

60

5

9

0

36

0

91

149

922

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of outstanding common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

822

362

Proceeds from maturities of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,175

-

-

-

-

Net cash used in investing activities

-3,686

-5,970

-9,666

-4,424

-73,983

-3,953

-14,437

-14,437

-

-12,843

-

-11,283

-

-4,594

-6,869

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,089

-2,454

-2,785

-

-1,708

6,395

-5,549

1,823

-8,588

-479

-22,143

Investment in non-public company, fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,000

11,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,417

-280

2,780

1,703

756

5,044

6,613

903

18,163

2,231

15,818

6,935

34,849

Proceeds from maturities of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,632

8,230

14,382

Proceeds from sales of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,632

8,230

14,382

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,122

-

-10,920

-12,566

-3,396

-7,160

-2,145

-10,037

-15,098

-4,694

-2,511

-2,039

-4,097

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities:
Proceeds from sale of common stock

-

-

-

97

230

0

0

-

-

55

-

0

-

0

1

-

473

40

95

98

40

174

67

41

12

10

97

3

151

894

1,003

250

2,031

734

449

202

-

-

-

-

-

-

-

-

Taxes paid by Company for employee stock plans

45

75

55

358

95

237

10

10

-

1,084

-

138

-

213

43

-

49

113

0

272

0

0

0

0

-

-

0

12

19

33

9

1,210

0

0

0

49

222

14

-1

25

-

-

-

-

Tax benefit from stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

241

36

0

-

-

-

-

-1,441

929

1,309

505

-1,454

2,133

2,098

1,280

-1,253

432

781

804

Earn out payment from Lifecore acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

9,650

-

-

-

-

-

-

-

-

Proceeds from debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,820

0

4,124

7,070

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on long-term debt

3,032

2,532

2,530

2,528

21

1,272

1,271

1,271

-

1,271

-

1,262

-

1,272

1,271

-

1,270

1,269

52,788

1,909

2,502

7,872

2,362

1,916

1,793

1,733

1,930

1,411

1,408

1,397

1,745

1,383

2,536

1,386

1,721

1,369

999

1,000

1,330

1,000

1,000

1,000

1,325

615

Proceeds from lines of credit

21,500

27,900

35,000

25,000

19,000

3,000

12,000

12,000

-

15,000

-

3,500

-

4,000

10,500

-

3,000

0

1,500

0

-

-

-

-

0

5,300

14,000

11,117

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on lines of credit

24,500

37,000

16,400

17,000

17,000

0

0

0

-

0

-

1,500

-

4,500

3,000

-

0

1,500

0

3,500

3,100

9,000

10,500

0

9,300

1,000

9,000

11,117

6,000

4,500

50

2,950

0

3,500

0

4,166

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

0

-

-

-

0

-

14

-

-14

-

-

-51

29

30

-

67

38

-12

-

-14

60

209

-

7

-5

-31

-

-307

-246

-99

1,569

187

100

-43

-11

-14

-10

-14

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,613

-

9,011

7,391

-1,863

-7,650

2,844

7,071

5,441

-1,261

191

-847

-5,262

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-6,077

15,057

16,015

5,211

61,605

1,491

10,719

10,719

-

8,605

-

600

-

-2,114

6,201

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,915

-38

-14,428

-

730

-4,302

298

-2,402

-546

-1,657

-159

Net increase (decrease) in cash, cash equivalents and restricted cash

821

-396

910

-642

268

155

-1,532

-1,532

-

-4,759

-

3,281

-

-3,822

2,782

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,325

-

10,168

-6,060

-1,268

1,680

2,239

-1,128

-7,024

-1,568

10,725

-3,559

-5,714

-

-

-

-

3,775

5,087

-5,193

-12,128

-

8,299

-3,007

-893

1,456

1,232

-4,451

-17,919

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,821

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non-cash investing activities:
Purchases of property and equipment on trade vendor credit

-1,381

983

2,191

913

1,716

-1,799

3,118

3,118

-

6,267

-

-196

-

1,575

799

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense not payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

432

781

804

Long-term receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200

200

-

200

200

200

Unrealized gain from interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

-2

34

-

192

-304

152