Luna innovations inc (LUNA)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows (used in)/provided by operating activities
Net Income (Loss) Attributable to Parent

5,342

11,004

14,614

-2,369

2,317

5,994

-803

-1,384

-1,392

-2,620

-20,444

Adjustments to reconcile net (loss)/income to net cash (used in)/provided by operating activities
Depreciation and amortization

2,503

1,218

2,526

3,713

2,457

607

935

1,092

1,462

1,331

1,853

Share-based compensation

1,544

627

715

860

1,124

1,019

1,181

1,882

2,261

3,472

3,216

Inventory obsolescence

-

-

-

-

-

-

0

-

-

-

-

Deferred tax expense

-

-

-

-

-

-

-

-

-

-

600

Bad debt expense

538

6

99

305

10

0

134

-

-

-

135

Loss on disposal of fixed assets

0

1

-3

0

-

-

-

-

-

-

-

Loss from discontinued operations, net of tax

0

8,595

15,671

0

8,326

9,381

3,391

-

0

-

-

Tax benefit from release of valuation allowance

3,349

0

-

-

-

-

-

-

-

-

-

Tax benefit from utilization of loss from current year operations

-

-

-

-

510

1,148

1,507

-

-

-

-

Change in assets and liabilities
Reorganization costs

-

-

-

-

-

-

-

-

-

-

826

Impairment of intangible assets

-

-

-

-

-

-

-

-

-

-

1,310

Accounts receivable

2,248

6,240

-1,152

3,568

2,040

281

-1,533

1,101

-1,711

466

6

Contract assets

448

761

0

-

-

-

-

-

-

-

-

Inventory

722

967

1,902

-492

252

56

9

10

224

261

61

Refundable income taxes

-

-

-

-

-

-

-

-

-

-

-98

Other assets

242

-1,849

-83

238

131

-50

79

-478

321

-669

1,264

Other long-term assets

-44

0

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

591

-461

-896

564

16

311

396

-724

-288

7,091

259

Contract liabilities

1,245

-986

0

-

-

-

-

-

-

-

-

Accrued litigation settlement

-

-

-

-

-

-

-

-

-

-9,669

9,669

Deferred revenue

-

-

189

-160

248

169

-178

-629

-119

365

-

Deferred credits

-

-

-

-

-

-

-

-

-

-

-827

Net cash (used in)/provided by operating activities

4,798

-3,308

915

-399

-5,087

-2,714

-1,787

-396

3,088

-87

-4,635

Cash flows provided by/(used in) investing activities
Acquisition of property and equipment

540

386

1,352

1,509

710

255

186

371

327

85

53

Proceeds from sale of property and equipment

0

1

3

0

-

-

-

-

-

-

-

Intangible property costs

270

374

495

490

367

252

253

224

347

365

642

Acquisition of Micron Optics, net

0

5,001

0

-

-

-

-

-

-

-

-

Acquisition of General Photonics Corporation, net

19,004

0

-

-

-

-

-

-

-

-

-

Cash acquired in business combination

-

-

-

-

374

0

-

-

-

-

-

Proceeds from sale of discontinued operations

0

15,799

28,026

0

8,997

10,927

5,110

-

-

-

-

Net cash provided by/(used in) investing activities

-19,814

10,037

26,181

-2,000

8,294

10,419

4,670

-595

-675

-450

-695

Cash flows provided by/(used in) financing activities
Payments on finance lease obligations

40

46

52

56

77

66

57

50

42

5

9

Proceeds from debt obligations

-

-

-

-

-

-

-

-

6,000

2,500

-

Payments of debt obligations

625

1,833

1,833

1,871

6,712

1,500

1,500

1,625

6,867

834

5,000

Purchase of treasury stock

2,220

466

1,131

333

152

32

0

-

-

-

-

Borrowings under term loans

-

-

-

-

7,000

0

-

-

-

-

-

Proceeds from the exercise of options and warrants

447

1,097

99

0

82

232

111

69

219

865

-

Proceeds from the exercise of options and warrants

-

-

-

-

-

-

-

-

-

-

51

Net cash provided by/(used in) financing activities

-2,437

-1,249

-2,917

-2,261

140

-1,366

-1,445

-1,605

-690

2,525

-4,958

Net increase/(decrease) in cash and cash equivalents

-17,454

5,478

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

24,179

-4,661

3,347

6,338

1,438

-2,598

1,722

1,987

-10,290

Supplemental disclosure of cash flow information
Cash paid for interest

18

117

209

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

308

187

87

178

297

239

397

177

Cash paid for income taxes

1,160

1,828

377

233

40

150

14

21

10

-

-

Non-cash investing and financing activity:
Non-cash investing and financing activities
Contingent liability for business combination

900

0

-

-

-

-

-

-

-

-

-

Cash received for income tax refunds

-

-

0

67

-

-

-

-

-

-

107

Common stock issued pursuant to restricted stock vesting

0

200

150

-

15,485

0

-

-

-

-

-

Dividend on preferred stock, 19,823 shares of common stock issuable for the three months ended March 31, 2019

285

257

146

105

85

112

102

119

-

-

-

Common stock issued in litigation settlement (1,247,330 shares)

-

-

-

-

-

-

-

-

-

4,565

-

Installment note issued in litigation settlement

-

-

-

-

-

-

-

-

-

5,000

-

Common stock issued in settlement of other claims (25,000 shares)

-

-

-

-

-

-

-

-

-

91

-

Dividend on preferred stock, 79,292 shares of common stock issuable at each of December 31, 2011, 2012 and 2013

-

-

-

-

-

-

-

-

127

360

-

Reduction to principal of Hansen Note in exchange for development services

-

-

-

-

-

-

-

-

-

358

-

Capital expenditures funded by capital lease borrowings

-

-

-

-

-

-

-

-

274

-

-