Mitcham industries inc (MIND)
CashFlow / Yearly
Jan'20Jan'19Jan'18Jan'17Jan'16Jan'15Jan'14Jan'13Jan'12Jan'11Jan'10
Cash flows from operating activities:
Net loss

-11,287

-19,840

-21,069

-33,153

-38,736

-9,192

4,768

17,051

24,321

4,729

520

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

7,768

11,814

16,637

28,275

32,111

36,986

31,037

34,939

28,774

22,717

18,740

Stock-based compensation

854

781

903

737

1,293

1,298

1,143

1,586

1,331

1,099

1,401

Impairment of intangible assets

760

0

1,466

0

3,609

-

-

-

-

-

-

Provision for doubtful accounts, net of charge offs

2,000

200

1,013

750

2,201

2,835

1,048

-636

-

-

-

Provision for inventory obsolescence

298

140

815

75

407

8

-60

-

-

-

-

Provision for doubtful accounts, net of charge offs

-

-

-

-

-

-

-

-

615

-

-

Provision for doubtful accounts, net of charge offs

-

-

-

-

-

-

-

-

-

1,795

1,378

Gain from bargain purchase in business combination

-

-

-

-

-

-

-

-

-

1,304

-

Provision for inventory obsolescence

-

-

-

-

-

-

-

163

173

94

-48

Gross profit from sale of lease pool equipment

1,197

2,367

4,906

-298

1,384

2,061

4,556

5,369

4,923

1,340

755

Loss on sale of business

0

-5,405

0

0

-

-

-

-

-

-

-

Excess tax benefit from exercise of non-qualified stock options and restricted shares

-

-

-

-

-

-

-5

-

-

-

-

Excess tax benefit from exercise of non-qualified stock options and restricted shares

-

-

-

-

-

-

-

420

778

-5

45

Deferred tax expense

503

-376

-20

934

10,309

-3,237

-2,204

-

-

-

-

Deferred tax benefit

-

-

-

-

-

-

-

-4,450

-

-

-

Deferred tax benefit

-

-

-

-

-

-

-

-

-285

-230

-120

Non-current prepaid tax

-50

-1,577

-182

0

0

-

-

-

-

-

-

Changes in:
Accounts receivable

1,723

-1,292

-4,405

-7,345

238

-605

9,142

-13,331

16,687

2,019

4,995

Unbilled revenue

327

340

0

0

-

-

-

-

-

-

-

Unbilled revenue

327

340

0

0

-

-

-

-

-

-

-

Inventories

2,810

781

-685

-850

-677

279

2,836

-718

2,614

-727

754

Income taxes receivable and payable

-

-

-

475

-1,716

1,701

3,215

-6,718

2,532

1,001

715

Contract revenues in excess of billings

-

-

-

-

-

-

-

-

-

573

1,704

Prepaid foreign income tax

-

-

-

-

-

-

-

3,519

-440

-318

-2,620

Accounts payable, accrued expenses and other current liabilities

-178

-722

-455

-2,189

1,241

-2,303

100

-4,091

2,683

1,964

-836

Prepaids expenses and other current assets, net

506

1,382

-1,002

1,327

-4,807

4,414

1,335

307

435

-420

470

Deferred revenue

-335

567

0

0

-

-

-

-

-

-

-

Deferred revenue

-335

567

0

0

-

-

-

-

-

-

-

Changes in non-current income taxes payable

-

-

-

-

-

-

32

-5,059

597

224

270

Foreign exchange losses net of gains

-313

-171

-61

-84

-466

-3,258

-

-

-

-

-

Net assets held for sale

0

1,596

0

0

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities

-5,817

-5,457

719

3,154

15,047

-

-

-

35,958

30,137

14,085

Net cash (used in) provided by operating activities

-

-

-

-

-

25,205

21,215

44,257

-

-

-

Cash flows from investing activities:
Purchases of seismic equipment held for lease

2,955

1,717

909

636

2,173

19,449

43,509

44,694

62,142

32,736

26,684

Acquisition of assets

0

3,000

0

-

-

-

-

-

-

-

-

Acquisition of assets

-

-

-

0

10,000

14,500

-

-

-

-

-

Purchases of property and equipment

1,036

814

407

283

336

451

549

965

1,525

383

502

Sales of used lease pool equipment

1,664

5,663

10,313

5,331

2,240

3,158

6,851

11,412

-

-

-

Sale of business, net of cash sold

239

-147

0

0

-

-

-

-

-

-

-

Sale of used lease pool equipment

-

-

-

-

-

-

-

-

-

2,470

-3,321

Net cash (used in) provided by investing activities

-2,088

-15

8,997

4,412

-10,269

-

-

-

-57,312

-32,749

-23,865

Acquisition of AES, net of cash acquired

-

-

-

-

-

-

-

-

-

2,100

-

Payment for earn-out provision

-

-

-

-

-

-

-

450

148

-

-

Sale of used lease pool equipment

-

-

-

-

-

-

-

-

-6,503

-

-

Net cash (used in) provided by investing activities

-

-

-

-

-

-31,242

-37,207

-34,697

-

-

-

Net payments on revolving line of credit

0

0

-3,500

-10,900

-2,600

-5,000

18,000

-8,550

-9,100

6,300

9,400

Payments on term loan and other borrowings

0

0

-2,807

-

-

-

-

-

-

-

-

Proceeds from equipment notes

-

-

-

-

-

-

-

147

37

3,672

414

Payments on borrowings

-

-

-

-

-

-

136

1,532

3,308

719

-

Payments on term loan and other borrowings

-

-

-

-3,217

-3,217

9,107

-

-

-

-

-

Net proceeds from short-term investments

-

-

-

-

-182

99

-652

689

101

-684

-

Net proceeds from preferred stock offering

3,773

6,853

4,174

7,294

0

-

-

-

-

-

-

Preferred stock dividends

2,050

1,708

905

486

0

-

-

-

-

-

-

Redemption (purchase) of short-term investment

-

-

-

-

-

-

-

-

-

-

-744

Proceeds from exercise of stock options

26

0

0

-

-

320

498

329

2,809

396

-17

Purchase of treasury stock

-

-

-

4

3

9,762

2,200

-

-

-

-

Excess tax benefit from exercise of non-qualified stock options and restricted shares

-

-

-

-

-

-

-5

-

-

-

-

Net proceeds from public offering of common stock

-

-

-

-

-

-

-

-

31,028

-

-

Excess tax benefit from exercise of non-qualified stock options and restricted shares

-

-

-

-

-

-

-

420

778

-5

45

Net cash provided by (used in) financing activities

-

-

-

-

-

-5,434

16,809

-9,875

-

-

-

Net cash provided by (used in) financing activities

1,749

5,145

-3,038

-7,313

-5,638

-

-

-

22,143

10,328

10,586

Effect of changes in foreign exchange rates on cash, cash equivalents and restricted cash

-159

-270

-43

-511

-546

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents including cash classified within current assets held for sale

0

458

0

0

-

-

-

-

-

-

-

Less: Net increase (decrease) in cash classified within current assets held for sale

0

458

0

0

-

-

-

-

-

-

-

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

-6,315

-597

6,635

-258

-1,406

-

-

-

-

-

-

Effect of changes in foreign exchange rates on cash, cash equivalents and restricted cash

-

-

-

-

-

1,484

-805

178

-149

801

261

Net change in cash and cash equivalents

-

-

-

-

-

-9,987

12

-137

640

8,517

1,067