Mesa laboratories inc /co (MLAB)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10
Net income

-4,630

3,062

4,597

1,402

858

994

4,230

4,254

-11,086

2,353

1,517

3,643

3,252

2,358

1,930

3,991

2,597

1,826

2,755

2,239

2,403

3,060

1,881

3,462

1,746

1,932

1,860

2,559

1,543

2,249

2,099

2,199

1,987

2,054

1,679

2,177

1,257

1,429

1,320

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

3,057

2,263

2,181

2,266

2,273

2,434

2,455

2,490

2,450

2,253

2,278

2,128

2,198

2,241

2,170

1,967

1,768

1,935

1,504

1,494

1,441

1,362

1,359

1,162

1,043

828

811

847

910

891

784

579

534

561

541

545

465

417

417

Stock-based compensation

3,260

1,182

868

1,788

695

990

739

249

438

445

540

190

380

412

429

326

344

330

327

217

260

237

279

211

272

208

149

215

459

289

149

115

157

96

96

96

125

96

66

Amortization of debt issuance costs

-

-

-

-

-

-

-

-

-

-

28

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in inventory reserve

-508

127

-197

429

18

0

-67

-354

-2,065

617

-672

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on dispositions, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

93

1,627

1,221

-54

-90

1,048

-280

0

-138

935

-241

304

-191

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency adjustments

-

-

-

-

-

-

-

235

-278

357

176

-110

-11

95

-67

32

562

-626

-21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustment to contingent consideration

-

-

-

0

1

159

-192

0

0

0

300

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-72

-119

-64

90

-91

-140

96

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by changes in operating assets and liabilities
Gain on loan settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

-

-

-

-

Accounts receivable, net

235

-833

587

-699

-250

1,187

-1,830

1,941

-489

-716

-1,416

1,375

-469

990

-2,890

2,030

596

298

-966

297

42

1,046

906

505

181

716

-2,099

879

179

332

120

421

-553

137

-498

1,583

-96

-19

-537

Inventories, net

-310

-209

-86

-1,272

-280

-493

-529

-872

-454

-1,135

175

-4

-445

281

67

-394

1,353

97

451

-176

1,825

684

831

616

209

-39

514

295

-349

55

227

-419

-135

-385

-337

-334

-138

185

359

Prepaid expenses and other assets

-98

-71

2,579

-1,713

3,310

-39

1,340

-2,442

-554

530

1,711

-264

585

83

426

-351

-649

225

384

-234

-1,220

476

206

1,054

-173

277

321

303

20

-29

-105

96

33

-66

-101

151

23

-70

-284

Accounts payable

635

-621

50

781

381

-564

494

351

-7

-302

170

-751

-565

727

-66

-230

15

243

-178

-337

115

667

-35

649

-229

-277

611

127

207

-309

412

-31

3

-177

55

229

-93

-92

-45

Accrued liabilities and taxes payable

989

-1,113

-4,272

2,102

4,241

660

-1,526

2,159

68

-72

-1,747

1,335

991

-1,808

-3,584

2,914

-2,311

2,933

-671

578

-1,132

352

-659

478

1,099

1,505

-1,890

971

256

-1,248

210

724

968

-1,144

-406

604

992

-266

366

Unearned revenues

213

-105

119

233

-2

-86

-91

246

-130

-228

-84

256

-445

-79

40

217

-232

213

-99

-107

161

-154

-472

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

11,018

6,414

724

10,262

10,092

3,657

6,543

9,641

8,710

4,687

2,681

10,533

5,442

-2,303

3,632

6,950

991

6,101

2,861

4,640

2,432

3,318

426

2,899

3,895

2,774

2,805

2,951

3,525

1,514

3,412

3,580

4,304

1,717

2,888

1,837

2,957

1,488

2,586

Cash flows from investing activities:
Acquisitions

181,547

0

2,555

-

-

-

-

85

15,371

0

62

182

3,217

836

2,565

912

2,512

20,687

0

1,493

5,233

0

13,817

-

-

-

-

0

0

0

16,660

-

-

-

-

0

6,251

-305

12,027

Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

7

Capital expenditures, building

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,150

Purchases of property, plant and equipment

-

-

226

-

-

-

300

259

528

507

1,505

2,238

2,698

3,213

3,456

1,438

1,256

3,360

1,675

616

1,304

515

393

233

37

356

415

252

286

185

185

138

202

156

187

2,217

118

114

196

Net cash (used in) investing activities

-181,939

-317

-2,781

-55

-5,198

1,673

-300

-344

-15,899

626

-1,567

-2,420

-5,915

-4,049

-6,021

-2,350

-3,768

-24,047

-1,675

-2,109

-6,537

-515

-14,210

-233

-21,074

-1,416

-415

-252

-286

-185

-16,845

-163

-914

-156

-187

-67

-6,352

181

-14,380

Cash flows from financing activities:
Proceeds from the issuance of debt

-

-

-

-

-

-

-

-

-

-

-

55,050

2,000

8,000

1,500

0

2,500

22,500

0

0

5,000

0

18,000

-

-

-

-

0

0

0

11,000

-

-

-

-

0

2,479

328

4,193

Payments on debt

0

20,000

3,000

6,500

5,875

6,375

6,875

9,875

2,750

2,750

4,250

53,250

1,750

1,250

750

1,750

2,250

750

1,250

1,750

2,750

2,250

6,500

2,500

2,000

1,500

2,500

-

-

-

-

1,750

2,250

2,250

250

-

-

-

-

Dividends

698

697

624

619

617

616

610

606

606

600

601

595

591

586

583

579

580

575

569

564

566

526

526

522

515

478

474

474

470

437

434

429

428

394

394

391

388

358

351

Contingent Consideration

-

-

-

-3

6

-220

-463

0

-449

-19

-437

-4,478

-482

-4,705

111

-288

431

-1,081

-1,120

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the exercise of stock options

341

798

2,709

1,507

412

133

3,043

573

282

1,101

963

698

1,048

607

1,160

123

954

286

560

367

272

430

435

778

430

455

182

104

181

301

312

799

7

34

478

59

61

47

29

Net cash provided by (used in) financing activities

-368

232,166

-915

-5,615

-4,757

-6,858

-4,442

-9,908

3,021

1,751

-3,888

-7,651

707

6,771

1,327

-2,206

624

21,461

-1,259

-1,947

1,956

-2,346

11,409

749

15,915

-1,523

-2,807

-1,415

-3,289

-3,150

10,835

-1,917

-2,651

-2,663

-193

-353

1,949

-635

3,864

Purchase and retirement of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

0

0

15

45

0

14

43

537

-20

53

27

21

3

74

7

Effect of exchange rate changes on cash and cash equivalents

-175

-135

102

-136

-33

-247

130

237

-257

228

-70

-47

101

14

4

29

-35

-23

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-171,464

238,128

-2,870

4,456

104

-1,775

1,931

-374

-4,425

7,292

-2,844

415

335

433

-1,058

2,423

-2,188

3,492

-66

607

-2,230

457

-2,375

3,415

-1,264

-165

-417

1,284

-50

-1,821

-2,598

1,500

739

-1,102

2,508

1,417

-1,446

1,034

-7,930

Income taxes

-

70

1,727

-

-

5,026

284

360

1,745

1,788

658

1,417

1,048

1,933

1,207

576

513

2,518

344

556

1,297

1,218

274

1,466

58

755

2,435

653

1,311

2,406

408

1,177

1,146

2,084

50

-

-

-

-

Interest

-

171

217

-

-

482

456

479

470

446

561

471

325

296

292

285

248

186

129

145

144

118

92

-

-

-

19

-

-

-

-

42

23

57

54

50

36

37

18

Contingent consideration as part of an acquisition

-

-

513

-

-

-

-

-

-

-

-

-

0

654

1,168

-270

0

9,541

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Employee loans issued for exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

11

11

155

161

0

15

220

43

87

0

307

Repayment of employee loans for stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

24

0

0

0

92

103

0

58

289

136

-3

0

304

-

-

-

-