LANDEC CORPORATION LNDC Cash Flow

Landec corporation (LNDC)

CashFlow / TTM

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	Aug'18	May'18	May'18	Feb'18	Feb'18	Nov'17	Nov'17	Aug'17	May'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	-4,563	-	-	-	22,901	22,901	-	24,923	-	21,275	-	8,683	9,544	-	10,677	13,016	-11,645	-11,091	-11,448	-12,000	12,970	14,289	13,725	14,090	16,709	16,955	19,342	19,311	17,681	23,160	22,812	21,121	21,143	15,609	13,099	7,558	5,067	3,811	4,261	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation, amortization of intangibles and amortization of debt costs
18,524	17,802	16,588	15,230	13,842	12,936	12,603	12,603	-	12,412	-	11,926	-	11,501	11,081	-	10,677	10,736	10,166	9,734	9,395	8,399	8,086	7,788	7,090	6,927	6,670	6,785	7,114	7,132	7,421	7,281	7,295	7,037	6,553	6,122	5,621	5,514	5,440	5,362	5,313	0	0	0
Stock-based compensation expense
2,959	3,209	3,360	3,560	3,673	4,003	4,181	4,181	-	4,403	-	4,334	-	4,257	4,107	-	3,964	3,726	3,541	3,475	3,465	3,019	2,526	1,976	1,577	1,503	1,465	1,476	1,356	1,552	1,663	1,625	1,695	1,693	1,658	1,779	1,872	1,867	1,874	1,886	1,951	0	0	0
Deferred taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-8,569	-	-10,721	3,904	4,232	4,152	4,612	2,950	3,711	5,585	7,662	7,617	6,967	6,606	7,356	6,785	5,524	3,283	2,177	2,057	2,583	3,257	0	0	0
Deferred taxes
-7,511	-1,940	-469	910	2,374	-8,359	-8,434	-8,434	-	-7,221	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in investment in non-public company, fair value
200	200	600	1,600	2,300	2,300	3,000	3,000	-	2,900	-	2,400	-	3,100	1,800	-	900	900	200	400	1,200	1,400	3,500	4,500	3,900	5,400	3,700	4,800	10,000	9,900	10,548	9,204	8,100	0	0	0	-	-	-	-	-	-	-	-
Net loss (gain) on disposal of property and equipment
-347	-172	-184	-188	-40	-203	-156	-156	-	-157	-	-415	-	-484	-588	-	-586	-330	-103	-45	-46	0	0	0	-	-	-	-283	-329	-367	-161	-83	-217	0	0	0	-	-	-	-	-	-	-	-
Change in investment in non-public company (fair market value)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Increase in long-term receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,600	1,200	800	0	0	0
Tax benefit from stock based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	1,302	1,289	2,493	3,282	4,057	8,292	5,727	2,848	764	0	0	0
Changes in current assets and current liabilities:
Accounts receivable, net
9,373	10,232	6,432	8,860	3,642	-2,936	809	809	-	7,312	-	4,179	-	6,006	3,360	-	336	2,994	-274	-370	-73	-2,386	-2,015	724	1,754	3,598	9,882	10,152	7,982	3,774	1,150	2,678	4,121	6,844	4,483	2,883	3,246	5,401	16,456	2,705	3,016	0	0	0
Accounts receivable, related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-123	-182	-63	348	-66	-1	-145	-130	-907	-683	-411	-276	0	0	0
Taxes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	3,746	5,332	3,829	3,754	-1,501	-2,867	-3,488	-4,581	-9,115	-6,114	-3,081	-878	0	0	0
Inventories
22,832	15,551	13,650	10,929	4,094	792	1,847	1,847	-	6,529	-	4,866	-	2,256	-2,653	-	-855	-3,889	-889	1,759	508	2,500	-1,581	589	292	-1,006	3,575	3,245	622	3,283	2,463	1,046	2,102	1,044	2,818	2,506	441	6,652	7,705	5,484	4,054	0	0	0
Prepaid expenses and other current assets
-1,086	1,220	-749	-1,601	-955	816	3,509	3,509	-	3,987	-	2,700	-	531	-545	-	-1,039	-842	-4,095	-348	-965	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,139	1,203	-22	278	3,609	-2,500	-3,133	-3,588	-5,003	-2,784	-1,559	-602	0	0	0
Accounts payable
18,995	14,392	15,555	19,116	5,302	-10,037	-2,243	-2,243	-	4,965	-	12,937	-	13,833	-823	-	-4,778	-1,499	-12,179	-1,505	-5,277	-3,221	-2,595	-5,433	2,894	-2,099	4,211	7,510	-141	1,885	8,575	2,359	8,826	6,847	616	2,123	-544	-633	-41	417	2,393	0	0	0
Accounts payable, related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-82	-183	-236	10	-26	93	162	476	157	210	-140	-49	0	0	0
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued compensation
1,080	1,583	2,230	249	468	-844	-463	-463	-	1,981	-	527	-	2,018	1,341	-	2,751	1,930	313	132	-1,282	-538	410	366	2,646	539	1,658	-382	38	-782	-318	897	-798	1,995	1,174	1,333	2,701	1,033	1,238	579	1,038	0	0	0
Other accrued liabilities
770	-409	-1,258	21	-179	2,464	-728	-728	-	-1,383	-	-1,782	-	-988	205	-	2,086	3,817	2,186	4,587	2,556	2,584	1,486	676	11	255	456	1,134	3,211	2,619	582	-58	-2,486	1,561	2,902	1,723	3,434	-595	464	704	532	0	0	0
Deferred revenue
-668	-1,307	-1,799	-2,377	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	1,607	-	2,170	-	1,356	-	1,199	-	-422	-522	-	-723	93	-148	-11	50	170	-205	-411	-572	-1,071	431	6	-71	212	102	1,086	1,401	715	-624	-2,495	-3,622	-1,886	-2,054	-1,734	0	0	0
Net cash (used in) provided by operating activities
-5,767	-3,705	8,395	16,020	16,928	18,246	18,515	18,515	-	19,779	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	10,570	11,659	14,444	14,469	0	0	0
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,166	-	19,672	25,550	20,910	26,618	20,587	20,102	20,450	21,045	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from investing activities:
Purchases of property and equipment
33,708	42,175	40,275	44,734	45,999	42,741	42,303	42,303	-	33,590	-	34,250	-	27,702	26,599	-	23,003	23,024	29,230	38,339	39,695	33,468	25,579	16,900	17,511	14,896	14,340	14,639	14,886	14,531	13,278	11,193	8,877	6,017	5,609	5,839	5,371	5,701	6,276	6,569	6,684	0	0	0
Issuance of note receivable
-	-	-	-	-	-	914	-	-	2,099	-	2,099	-	2,099	1,185	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of notes and advances receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	3,699	9,840	6,224	4,599	3,073	0	0	0
Proceeds from collections of notes receivable
505	714	841	545	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,704	3,392	2,917	3,005	3,314	0	0	0
Proceeds from sales of fixed assets
2,457	290	280	264	251	30	60	60	-	100	-	95	-	140	115	-	81	74	50	45	127	276	1,162	1,162	1,071	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of outstanding common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,184	0	0	0
Proceeds from maturities of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Net cash used in investing activities
-23,746	-94,043	-92,026	-96,797	-105,216	-42,516	-43,157	-43,157	-	-35,589	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	961	-5,919	-12,793	-29,387	0	0	0
Investment in non-public company, fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,417	1,137	3,917	5,620	4,959	10,283	14,116	13,316	30,723	27,910	37,115	43,147	59,833	0	0	0
Proceeds from maturities of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from sales of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-40,316	-	-34,042	-25,267	-22,738	-34,440	-31,974	-32,340	-24,342	-13,341	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from financing activities:
Proceeds from sale of common stock
-	-	-	327	285	55	55	-	-	56	-	474	-	514	609	-	706	273	407	379	322	294	130	160	122	261	1,145	2,051	2,298	4,178	4,018	3,464	3,416	0	0	0	-	-	-	-	-	-	-	-
Taxes paid by Company for employee stock plans
533	583	745	700	1,426	1,469	1,445	1,445	-	1,478	-	443	-	418	205	-	434	385	272	272	0	0	0	0	-	-	64	73	1,271	1,252	1,219	1,210	49	271	285	284	260	0	0	0	-	-	-	-
Tax benefit from stock-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	1,302	1,289	2,493	3,282	4,057	4,258	2,557	1,240	764	0	0	0
Earn out payment from Lifecore acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,650	0	0	0	-	-	-	-	-	-	-	-
Proceeds from debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,014	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on long-term debt
10,622	7,611	6,351	5,092	3,835	5,076	5,076	5,076	-	5,076	-	5,075	-	5,082	56,598	-	57,236	58,468	65,071	14,645	14,652	13,943	7,804	7,372	6,867	6,482	6,146	5,961	5,933	7,061	7,050	7,026	7,012	5,475	5,089	4,698	4,329	4,330	4,330	4,325	3,940	0	0	0
Proceeds from lines of credit
109,400	106,900	82,000	59,000	49,000	33,500	34,500	34,500	-	33,000	-	21,000	-	17,500	15,000	-	4,500	0	0	0	-	-	-	-	30,417	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on lines of credit
94,900	87,400	50,400	34,000	17,000	1,500	6,000	6,000	-	9,000	-	9,000	-	9,000	4,500	-	5,000	8,100	15,600	26,100	22,600	28,800	20,800	19,300	30,417	27,117	30,617	21,667	13,500	7,500	6,500	6,450	7,666	0	0	0	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	0	-	-	-	0	-	0	-	0	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	917	1,411	1,757	1,813	233	32	-78	-49	0	0	0
Net cash (used in) provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,673	-	6,889	722	402	7,706	14,095	11,442	3,524	-7,179	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
30,206	97,888	84,322	79,026	82,420	21,415	17,810	17,810	-	13,292	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-5,676	-6,952	-4,307	-4,764	0	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash
693	140	691	-1,751	-5,868	-2,855	-6,832	-6,832	-	-2,518	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,485	-	4,520	-3,409	1,523	-4,233	-7,481	1,005	-1,426	-116	0	0	0	-	-	-	-	-8,459	0	0	0	-	5,855	-1,212	-2,656	-19,682	0	0	0
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of non-cash investing activities:
Purchases of property and equipment on trade vendor credit
2,706	5,803	3,021	3,948	9,302	7,390	10,764	10,764	-	8,445	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense not payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Long-term receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Unrealized gain from interest rate swap
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0