Mitcham industries inc (MINDP)
CashFlow / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11
Cash flows from operating activities:
Net loss

-3,708

-2,028

-3,136

-2,415

-4,155

-5,191

-4,589

-5,905

-7,759

-5,281

-5,364

-2,665

-9,854

-7,330

-9,526

-6,443

-26,838

-5,813

-5,848

-237

-9,185

-397

-3,347

3,737

1,782

-2,628

-693

6,307

3,415

-1,222

6,402

8,456

10,165

6,763

1,300

6,093

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

1,962

1,846

1,829

2,131

2,630

2,785

3,096

3,303

3,418

4,124

4,304

4,791

6,348

7,017

7,352

7,558

7,679

7,877

8,248

8,307

9,120

9,321

9,463

9,082

7,795

7,618

7,798

7,826

8,669

8,703

8,810

8,757

7,736

7,559

7,050

6,429

Stock-based compensation

243

270

169

172

206

207

242

126

218

224

237

224

150

154

186

247

569

205

238

281

292

310

297

399

304

286

287

266

263

259

870

194

198

196

721

216

Provision for doubtful accounts, net of charge offs

2,000

0

0

0

0

0

400

-200

1,013

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for inventory obsolescence

-

-

-

-

-

-

-

-

757

-9

59

8

10

22

0

43

273

44

45

45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for inventory obsolescence

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

24

20

-

12

0

58

-15

60

58

60

100

10

32

31

Gross profit from sale of lease pool equipment

210

207

417

363

519

602

710

536

1,826

228

163

2,689

-1,718

-36

965

491

357

811

87

129

216

282

856

707

448

2,050

1,560

498

1,712

532

2,197

928

2,543

1,923

219

238

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

60

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-12

56

-21

91

0

350

-

-

-

-

Deferred tax expense

368

0

0

135

-11

-59

-104

-202

11

26

-30

-27

1,516

-207

122

-497

15,594

-1,984

-2,954

-347

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-801

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,800

-954

259

-

-1,709

-558

-1,257

478

-654

-1,304

1,195

Changes in:
Accounts receivable

703

1,120

-24

-76

-2,170

3,105

191

-2,418

724

748

-3,702

-2,175

2,963

-1,539

-5,960

-2,809

506

5,070

-8,177

2,839

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled revenue

25

305

2

-5

-2,095

2,094

-589

930

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled revenue

25

305

2

-5

-2,095

2,094

-589

930

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,713

-233

-404

-

2,001

-3,097

5,665

-

-5,940

-7,365

-4,357

-

8,041

-1,817

4,570

Contracts and notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,754

-58

-64

-

52

-641

-688

-

-89

218

632

-

-872

-830

-888

Inventories

-25

463

1,871

501

-523

-102

562

844

-606

-186

-1,296

1,403

-379

-290

116

-297

-1,659

-2,367

2,499

850

909

-214

-241

-175

9

1,799

-317

1,345

-1,341

253

535

-165

1,642

407

236

329

Income taxes receivable and payable

-

-

-49

2

-

-

23

642

-

284

281

149

91

-274

18

640

-2,234

1,158

-107

-533

2,032

-1,181

472

378

-167

5,048

-1,620

-46

954

-567

-7,637

532

1,365

2,439

-938

-334

Prepaid foreign income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,755

-236

-

-

-

-

Accounts payable, accrued expenses and other current liabilities

214

-1,024

1,014

-382

-96

925

-1,504

-47

789

-315

-977

48

2,053

-228

-1,970

-2,044

-1,306

3,208

-914

253

-4,382

-1,305

3,420

-36

-1,238

-886

50

2,174

-1,290

-759

-1,210

-832

236

424

792

1,231

Prepaids expenses and other current assets, net

746

-251

-661

672

224

-277

-85

1,520

-795

-6

348

-549

434

220

423

250

-882

-33

-615

-3,277

-3,035

5,210

3,582

-1,343

-114

67

-196

1,578

-1,034

2,450

-1,531

422

-190

-494

926

193

Deferred revenue

-2,314

2,029

-27

-23

40

-415

629

313

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-2,314

2,029

-27

-23

40

-415

629

313

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in non-current income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-225

128

524

170

Foreign exchange losses net of gains

-83

-93

-153

16

165

-272

-48

-16

-313

181

23

48

297

196

-696

119

-998

-488

242

778

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities

-1,569

-745

-1,652

-1,851

2,503

-2,161

-2,433

-3,366

-

-

-

1,112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,849

11,416

17,864

7,598

8,722

9,049

10,589

Net cash (used in) provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

603

1,334

1,750

-

2,249

5,212

6,438

8,662

-2,607

5,092

14,058

-

-

7,571

8,390

-

-

-

-

-

-

-

-

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

1,016

1,709

230

0

293

38

1,196

190

588

87

76

158

32

21

61

522

45

254

1,801

73

4,370

1,363

4,587

9,129

30,201

5,479

2,884

4,945

9,163

8,215

3,504

23,812

21,185

10,496

22,329

8,132

Acquisition of assets

0

0

0

0

0

0

0

3,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of assets

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

143

320

207

366

118

209

374

113

131

148

100

28

166

40

-5

82

109

56

83

88

76

157

131

87

97

47

244

161

170

310

339

146

441

831

199

54

Sales of used lease pool equipment

249

229

456

730

1,539

1,332

1,172

1,620

3,623

670

1,524

4,496

3,075

87

1,263

906

674

1,167

172

227

297

475

1,285

1,101

-

-

-

-

-

-

-

-

-

-

-

-

Sale of business, net of cash sold

0

0

0

239

0

-147

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of used lease pool equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,332

-

2,442

326

335

Net cash (used in) provided by investing activities

-910

-1,800

19

603

1,128

938

-398

-1,683

-

-

-

4,310

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,652

-639

-21,626

-18,226

-8,878

-22,202

-8,006

Payment for earn-out provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-7

0

155

Sale of used lease pool equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

900

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

26

1,207

302

-

857

-1,712

66

-4,149

-1,045

-17,933

-8,115

-

-

-1,009

-4,206

-

-

-

-

-

-

-

-

Net payments on revolving line of credit

-

-

-

-

-

-

-

-

-

-

0

-3,500

-1,500

0

-7,450

-1,950

8,900

-1,000

-5,500

-5,000

-7,500

-500

10,000

-7,000

19,000

3,000

-2,000

-2,000

-9,200

800

-6,800

6,650

8,600

3,200

-19,000

-1,900

Payments on borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

33

33

39

4

34

29

1,465

661

647

673

1,327

Payments on term loan and other borrowings

-

-

-

-

-

-

-

-

-

-

0

-2,807

-803

-802

-808

-804

-804

-804

-657

-952

-819

9,993

-33

-34

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-69

71

-184

184

0

0

-85

-622

-23

-4

-3

-

-

-

-

0

0

0

101

Net proceeds from preferred stock offering

1,562

231

1,571

409

718

685

1,638

3,812

2,327

1,073

747

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends

558

522

499

471

463

449

411

385

275

229

207

194

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

221

62

1

36

223

23

192

60

-2

235

0

96

2,021

49

396

343

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

60

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,173

-

673

0

1,527

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-12

56

-21

91

0

350

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,126

-1,255

-2,754

-

-1,685

-6,168

-5,756

-8,268

1,843

10,077

-9,086

-

-

-1,849

-3,447

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

1,005

-292

1,098

-62

255

236

1,227

3,427

-

-

-

-6,474

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,272

-6,829

5,631

10,344

2,636

12,148

-2,985

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

-91

-3

35

-100

44

-503

-133

322

-125

251

-166

-3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-1,565

-2,840

-500

-1,410

3,930

-1,490

-1,737

-1,300

3,376

-382

4,696

-1,055

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

233

-150

-707

-

345

-759

304

-139

1,451

510

-338

-1,702

1,199

-959

657

-1,239

976

165

276

-335

-471

261

396

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,136

-1,409

-

1,766

-3,427

1,052

-3,894

-358

-2,254

-3,481

-9,047

3,911

3,754

1,394

-8,840

2,445

4,113

2,145

-619

2,009

-744

-6

Interest paid

-

13

13

14

-

0

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

28

92

-

106

166

338

-

141

169

228

-

184

256

136

-

124

16

66

-

122

158

167

-

77

191

306

Income taxes paid

-

143

85

97

-

146

222

46

-

277

146

13

-

176

378

151

-

202

407

796

-

-540

-179

1,555

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,379

-

1,187

3,214

3,821

-

677

2,216

1,313

Purchases of seismic equipment held for lease in accounts payable at end of period

-

753

0

0

-

0

-922

1,186

-

23

-77

119

-

12

-13

161

-

-226

-1,097

1,331

-

12

2,065

1,361

-

4,018

195

995

-

450

-1,615

2,000

-

10,960

-11,991

19,515