| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Cash flows provided by (used in) Operating activities: | ||||||
Net loss | ||||||
109,000 | -1,250,000 | 60,000 | 68,000 | |||
Net income from discontinued operations | ||||||
26,000 | -377,000 | 116,000 | - | |||
Net loss from continuing operations | ||||||
83,000 | -873,000 | -56,000 | - | |||
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||||||
Impairment losses including inventory | ||||||
17,000 | 651,000 | - | - | |||
Depreciation and amortization | ||||||
376,000 | 439,000 | 152,000 | 34,000 | |||
Stock-based compensation expense | ||||||
- | - | - | 15,000 | |||
Amortization of debt issuance costs and other noncash interest expense | ||||||
11,000 | 9,000 | 3,000 | 1,000 | |||
Amortization of intangible assets | ||||||
- | - | - | 38,000 | |||
Stock-based compensation expense | ||||||
20,000 | 20,000 | 23,000 | - | |||
Loss from early extinguishment of debt | ||||||
-22,000 | - | -23,000 | -2,000 | |||
Gain on sale of assets | ||||||
136,000 | 33,000 | - | - | |||
Foreign exchange losses | ||||||
- | - | - | -7,000 | |||
Deferred income tax expense (benefit) | ||||||
- | -48,000 | -169,000 | -28,000 | |||
Equity in (income) loss from joint ventures, net of tax | ||||||
11,000 | 2,000 | -1,000 | - | |||
Other | ||||||
7,000 | 28,000 | -5,000 | - | |||
Changes in operating assets and liabilities: | ||||||
Trade and other receivables | ||||||
20,000 | 19,000 | -56,000 | -96,000 | |||
Accounts payables and accrued liabilities | ||||||
7,000 | 113,000 | -7,000 | - | |||
Income taxes receivable | ||||||
- | - | - | -19,000 | |||
Accounts payables | ||||||
- | - | - | 18,000 | |||
Accrued compensation and benefits | ||||||
- | - | - | 1,000 | |||
Contract liabilities | ||||||
-117,000 | -158,000 | -15,000 | -148,000 | |||
Other | ||||||
-1,000 | -13,000 | 50,000 | -67,000 | |||
Cash used in operating activities - continuing operations | ||||||
258,000 | 114,000 | 56,000 | - | |||
Cash (used in) provided by operating activities - discontinued operations | ||||||
59,000 | 25,000 | 49,000 | - | |||
Cash used in operating activities | ||||||
317,000 | 139,000 | 105,000 | 54,000 | |||
Investing activities: | ||||||
Purchase of property, plant and equipment and development or purchase of software | ||||||
314,000 | 206,000 | 59,000 | - | |||
Sale of assets | ||||||
280,000 | 68,000 | - | - | |||
Purchase of property, plant and equipment | ||||||
- | - | - | 40,000 | |||
Purchase or development of software | ||||||
- | - | - | 16,000 | |||
Cash collected on note receivable | ||||||
- | 5,000 | - | - | |||
Cash paid for acquisitions, net of tax | ||||||
- | - | 2,273,000 | - | |||
Disposal of subsidiary and short-term investments | ||||||
- | 4,000 | - | - | |||
Return of capital from discontinued operations | ||||||
28,000 | - | - | - | |||
Cash used in investing activities - continuing operations | ||||||
-6,000 | -129,000 | -2,332,000 | - | |||
Cash used in investing activities - discontinued operations | ||||||
-7,000 | -21,000 | -9,000 | - | |||
Cash used in investing activities | ||||||
-13,000 | -150,000 | -2,341,000 | -56,000 | |||
Financing activities: | ||||||
Net proceeds of revolving credit facility | ||||||
-595,000 | - | 3,160,000 | - | |||
Net proceeds from issuance of 2023 Notes and other long-term debt | ||||||
980,000 | 104,000 | - | - | |||
Repayments of long-term debt | ||||||
520,000 | 24,000 | 779,000 | 115,000 | |||
Payment of debt issuance costs | ||||||
4,000 | 3,000 | - | - | |||
Refinancing fees paid to creditors | ||||||
-20,000 | - | -63,000 | - | |||
Repurchase of orbital receivables | ||||||
24,000 | - | - | - | |||
Settlement of securitization liability | ||||||
20,000 | 15,000 | 15,000 | 2,000 | |||
Proceeds from securitization of orbital receivables | ||||||
- | 18,000 | - | 123,000 | |||
Payment of dividends | ||||||
2,000 | 65,000 | 47,000 | 41,000 | |||
Change in overdraft balance | ||||||
- | - | - | -18,000 | |||
Other | ||||||
-3,000 | - | 1,000 | 3,000 | |||
Cash provided by financing activities - continuing operations | ||||||
-208,000 | 15,000 | 2,257,000 | - | |||
Cash (used) provided by in financing activities - discontinued operations | ||||||
-30,000 | -2,000 | -22,000 | - | |||
Cash (used in) provided by financing activities | ||||||
-238,000 | 13,000 | 2,235,000 | -14,000 | |||
(Decrease) increase in cash, cash equivalents, and restricted cash | ||||||
66,000 | 2,000 | -1,000 | -16,000 | |||
Effect of foreign exchange on cash, cash equivalents, and restricted cash | ||||||
- | -1,000 | 4,000 | -1,000 | |||