MITCHAM INDUSTRIES INC MINDP Cash Flow

Mitcham industries inc (MINDP)

CashFlow / TTM

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11
Cash flows from operating activities:
Net loss
-11,287	-11,734	-14,897	-16,350	-19,840	-23,444	-23,534	-24,309	-21,069	-23,164	-25,213	-29,375	-33,153	-50,137	-48,620	-44,942	-38,736	-21,083	-15,667	-13,166	-9,192	1,775	-456	2,198	4,768	6,401	7,807	14,902	17,051	23,801	31,786	26,684	24,321	0	0	0
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization
7,768	8,436	9,375	10,642	11,814	12,602	13,941	15,149	16,637	19,567	22,460	25,508	28,275	29,606	30,466	31,362	32,111	33,552	34,996	36,211	36,986	35,661	33,958	32,293	31,037	31,911	32,996	34,008	34,939	34,006	32,862	31,102	28,774	0	0	0
Stock-based compensation
854	817	754	827	781	793	810	805	903	835	765	714	737	1,156	1,207	1,259	1,293	1,016	1,121	1,180	1,298	1,310	1,286	1,276	1,143	1,102	1,075	1,658	1,586	1,521	1,458	1,309	1,331	0	0	0
Provision for doubtful accounts, net of charge offs
2,000	0	0	400	200	1,213	1,213	813	1,013	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for inventory obsolescence
-	-	-	-	-	-	-	-	815	68	99	40	75	338	360	405	407	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for inventory obsolescence
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	55	103	161	163	278	228	202	173	0	0	0
Gross profit from sale of lease pool equipment
1,197	1,506	1,901	2,194	2,367	3,674	3,300	2,753	4,906	1,362	1,098	1,900	-298	1,777	2,624	1,746	1,384	1,243	714	1,483	2,061	2,293	4,061	4,765	4,556	5,820	4,302	4,939	5,369	6,200	7,591	5,613	4,923	0	0	0
Excess tax benefit from exercise of non-qualified stock options and restricted shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from exercise of non-qualified stock options and restricted shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	114	126	420	0	0	0	-	-	-	-
Deferred tax expense
503	124	65	-39	-376	-354	-269	-195	-20	1,485	1,252	1,404	934	15,012	13,235	10,159	10,309	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-3,046	-1,991	-2,737	-285	0	0	0
Changes in:
Accounts receivable
1,723	-1,150	835	1,050	-1,292	1,602	-755	-4,648	-4,405	-2,166	-4,453	-6,711	-7,345	-9,802	-3,193	-5,410	238	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unbilled revenue
327	-1,793	-4	-595	340	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unbilled revenue
327	-1,793	-4	-595	340	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Contracts and notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Inventories
2,810	2,312	1,747	438	781	698	614	-1,244	-685	-458	-562	850	-850	-2,130	-4,207	-1,824	-677	1,891	4,044	1,304	279	-621	1,392	1,316	2,836	1,486	-60	792	-718	2,265	2,419	2,120	2,614	0	0	0
Income taxes receivable and payable
-	-	0	-640	-	-	0	493	-	805	247	-16	475	-1,850	-418	-543	-1,716	2,550	211	790	1,701	-498	5,731	3,639	3,215	4,336	-1,279	-7,296	-6,718	-6,307	-3,301	3,398	2,532	0	0	0
Prepaid foreign income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,519	0	0	0	-	-	-	-
Accounts payable, accrued expenses and other current liabilities
-178	-488	1,461	-1,057	-722	163	-1,077	-550	-455	809	896	-97	-2,189	-5,548	-2,112	-1,056	1,241	-1,835	-6,348	-2,014	-2,303	841	1,260	-2,110	100	48	175	-1,085	-4,091	-2,565	-1,382	620	2,683	0	0	0
Prepaids expenses and other current assets, net
506	-16	-42	534	1,382	363	634	1,067	-1,002	227	453	528	1,327	11	-242	-1,280	-4,807	-6,960	-1,717	2,480	4,414	7,335	2,192	-1,586	1,335	415	2,798	1,463	307	1,151	-1,793	664	435	0	0	0
Deferred revenue
-335	2,019	-425	231	567	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-335	2,019	-425	231	567	527	942	313	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in non-current income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	597	0	0	0
Foreign exchange losses net of gains
-313	-65	-244	-139	-171	-649	-196	-125	-61	549	564	-155	-84	-1,379	-2,063	-1,125	-466	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by operating activities
-5,817	-1,745	-3,161	-3,942	-5,457	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,727	45,600	43,233	35,958	0	0	0
Net cash (used in) provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	10,359	-	22,561	17,705	17,585	25,205	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Cash flows from investing activities:
Purchases of seismic equipment held for lease
2,955	2,232	561	1,527	1,717	2,012	2,061	941	909	353	287	272	636	649	882	2,622	2,173	6,498	7,607	10,393	19,449	45,280	49,396	47,693	43,509	22,471	25,207	25,827	44,694	56,716	58,997	77,822	62,142	0	0	0
Acquisition of assets
0	0	0	0	3,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of assets
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
1,036	1,011	900	1,067	814	827	766	492	407	442	334	229	283	226	242	330	336	303	404	452	451	472	362	475	549	622	885	980	965	1,236	1,757	1,617	1,525	0	0	0
Sales of used lease pool equipment
1,664	2,954	4,057	4,773	5,663	7,747	7,085	7,437	10,313	9,765	9,182	8,921	5,331	2,930	4,010	2,919	2,240	1,863	1,171	2,284	3,158	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Sale of business, net of cash sold
239	239	92	92	-147	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of used lease pool equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Net cash (used in) provided by investing activities
-2,088	-50	2,688	2,271	-15	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-47,143	-49,369	-70,932	-57,312	0	0	0
Payment for earn-out provision
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	148	0	0	0
Sale of used lease pool equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-10,033	-	-4,938	-6,840	-23,061	-31,242	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Net payments on revolving line of credit
-	-	-	-	-	-	-	-	-	-	-5,000	-12,450	-10,900	-500	-1,500	450	-2,600	-19,000	-18,500	-3,000	-5,000	21,500	25,000	13,000	18,000	-10,200	-12,400	-17,200	-8,550	9,250	11,650	-550	-9,100	0	0	0
Payments on borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	136	109	110	106	1,532	2,189	2,802	3,446	3,308	0	0	0
Payments on term loan and other borrowings
-	-	-	-	-	-	-	-	-	-	-4,412	-5,220	-3,217	-3,218	-3,220	-3,069	-3,217	-3,232	7,565	8,189	9,107	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-182	2	71	0	99	-707	-730	-734	-652	0	0	0	-	-	-	-	101	0	0	0
Net proceeds from preferred stock offering
3,773	2,929	3,383	3,450	6,853	8,462	8,850	7,959	4,174	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends
2,050	1,955	1,882	1,794	1,708	1,520	1,300	1,096	905	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	320	322	283	474	498	273	485	293	329	2,352	2,166	2,562	2,809	0	0	0
Excess tax benefit from exercise of non-qualified stock options and restricted shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-
Excess tax benefit from exercise of non-qualified stock options and restricted shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	114	126	420	0	0	0	-	-	-	-
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-2,636	-	-21,877	-18,349	-2,104	-5,434	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
1,749	999	1,527	1,656	5,145	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,418	11,782	30,759	22,143	0	0	0
Effect of changes in foreign exchange rates on cash, cash equivalents and restricted cash
-159	-24	-524	-692	-270	-439	315	282	-43	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash, cash equivalents and restricted cash
-6,315	-820	530	-707	-597	-1,151	-43	6,390	6,635	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of changes in foreign exchange rates on cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1,557	-	-249	857	2,126	1,484	-79	-331	-1,800	-805	-342	-565	559	178	1,082	-365	-269	-149	0	0	0
Net change in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-3,867	-	-4,503	-6,627	-5,454	-9,987	-15,140	-10,871	-4,863	12	219	-1,247	-888	-137	8,084	7,648	2,791	640	0	0	0
Interest paid
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Income taxes paid
-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	0	0	0
Purchases of seismic equipment held for lease in accounts payable at end of period
-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0