Maxwell technologies inc (MXWL)
CashFlow / Quarterly
Mar'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'11
OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

-17,620

-6,318

-9,723

-11,302

-9,205

-8,752

-13,860

-10,118

-10,399

-12,169

-6,855

2,167

-6,848

-2,167

-1,449

-9,376

-9,341

-2,118

-3,292

-1,181

319

-2,814

6,027

3,405

-278

2,867

5,228

31

-952

515

-932

-1,217

196

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

0

-

-

-

1,309

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent

-17,620

-

-

-

-10,514

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation

1,768

794

2,033

2,372

1,635

961

2,231

2,259

2,148

2,455

2,450

2,379

2,587

2,752

2,807

3,002

2,824

2,892

2,825

2,828

2,614

2,362

2,290

2,110

2,118

1,947

1,710

1,626

1,768

2,465

1,240

1,618

1,477

Amortization of intangible assets

302

302

305

314

316

307

300

202

0

-

-

-

-

13

51

51

51

50

51

51

51

52

65

91

91

90

97

120

134

-

-

-

-

Operating lease cost

382

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

134

Non-cash interest expense

495

481

465

452

439

420

24

0

0

-

-

-

-

-

-

-

-

-

5

5

5

14

16

15

15

15

16

15

11

0

0

0

55

Defined benefit plan cost

181

-36

237

315

184

-104

243

191

86

156

161

161

157

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on embedded derivatives and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,086

Pension cost (benefit)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20

-

-

-

-26

5

6

4

5

302

44

45

46

-

-

-

-

Pension cost (benefit)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26

Stock-based compensation expense

2,091

1,682

1,994

2,997

2,374

1,692

2,755

2,254

1,538

1,605

1,097

1,459

1,203

1,040

1,056

1,011

839

1,033

1,013

1,166

755

1,358

718

947

957

527

504

771

1,286

142

734

789

917

Gain on sale of property and equipment

0

0

0

0

4

-20

20

0

0

0

0

47

84

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss (gain) on foreign currency exchange rates

-

-

-

-

-

-

-

-

-

-18

-6

18

-57

609

-58

-1,895

-287

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for (recovery of) losses on accounts receivable

12

0

-22

0

-10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for (recovery of) losses on accounts receivable

-

-

-

-

-

-

-

-

0

-162

-11

16

51

191

74

25

-9

-

-

-

-

-

-

0

10

-135

125

-63

-172

1

96

143

60

Unrealized loss (gain) on foreign currency exchange rates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Provision for (recovery of) losses on accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16

-

-

-

-

-

-

-

-

-

-

-

-

Provision for losses on inventory

551

139

730

193

472

475

841

811

17

171

87

149

-10

117

235

95

94

306

75

219

310

236

610

1,003

-227

-

-

-

-

-

-

-

-

Provision for warranties

110

-73

5

96

64

-280

396

20

189

-61

137

168

139

473

262

390

202

123

125

95

374

-72

-658

724

6

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Trade and other accounts receivable

-1,749

-1,081

211

-4,788

2,843

5,692

-3,111

3,367

3,406

66

-5,320

-1,755

-13,076

7,160

4,846

-659

-11,662

13,806

-8,656

2,239

7,711

352

-6,260

2,331

-152

-5,868

4,519

2,230

4,033

-1,767

-5,034

2,562

5,066

Inventories

3,867

2,845

-1,395

6,549

4,338

-1,937

2,431

-4,135

-1,922

-2,253

2,023

3,810

1,376

-1,579

99

-2,149

-1,622

-6,651

7,446

194

531

2,321

2,832

-1,238

653

-3,615

2,718

2,070

5,782

4,389

3,219

3,560

3,538

Prepaid expenses and other assets

-237

-1,331

1,195

-126

60

-233

-744

146

453

-916

660

760

-132

-864

516

718

-335

-459

-332

838

32

-211

-185

344

-77

6

-508

285

-116

587

-406

103

-406

Pension asset

-

-

-

-

-

-

-197

-150

-155

-

-

-

-139

-163

-130

-189

-168

-170

-182

-185

-187

649

-214

-252

-183

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

5,150

3,758

-9,155

-5,177

1,041

3,693

2,579

3,143

1,571

1,820

-5,985

-156

-10,563

3,608

10,157

-488

-8,246

-4,762

3,953

-1,215

2,168

-4,503

-2,444

356

4,032

-4,422

-2,522

-112

-1,444

3,154

2,145

2,710

457

Deferred revenue and other current liabilities

315

404

-238

-2,001

78

384

466

-1,275

2,626

619

-238

-55

304

1,854

341

-366

533

-2,112

-354

452

2,060

-

-6,312

912

1,586

-

-

-

-

-

-

-

-

Accrued employee compensation

-251

1,133

76

-801

-643

-62

950

-545

785

-516

-467

-303

-192

-1,434

-476

573

-1,333

-910

1,423

338

-200

448

1,032

1,422

1,116

-2,422

1,327

-71

-533

-676

266

1,847

-1,159

Operating lease liabilities

-549

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

-32

3,605

409

426

-46

-893

791

-19

209

-1,844

-123

91

-81

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Defined benefit plan and other long-term liabilities

-121

-

-

-

-359

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-1,415

8

11

-

-

-

-

Defined benefit plan and other long-term liabilities

-

-

-

-

-

-172

204

-112

-85

-348

-148

-162

-169

-101

-175

-85

-109

-602

-229

-170

273

1,112

1,300

-32

-33

319

-51

-12

-2,263

11

-16

-16

-5,551

Net cash used in operating activities - continuing operations

-9,033

-

-

-

-12,122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities - discontinued operations

0

-

-

-

911

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Operating Activities

-9,033

-13,523

-14,045

-14,790

-11,211

-6,230

-2,274

-2,677

-3,825

-374

-6,995

-5,394

-1,594

850

7,406

1,901

-777

-12,414

6,878

-885

258

-4,175

6,023

9,252

8,791

10,447

2,441

-2,227

-11,807

1,720

5,967

-64

-12,724

INVESTING ACTIVITIES:
Purchases of property and equipment

702

558

1,861

5,248

2,599

64

1,255

1,115

945

1,267

1,060

1,391

2,238

1,364

562

942

1,275

1,780

2,319

891

1,985

5,134

5,189

4,501

2,026

2,079

4,833

4,231

4,057

3,472

3,703

4,391

2,900

Proceeds from sale of property and equipment

0

0

0

0

8

-20

20

0

0

0

0

49

84

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities - continuing operations

-702

-

-

-

-2,591

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities - discontinued operations

0

-

-

-

-1,319

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total net cash used in investing activities

-702

48,453

-1,861

-3,929

-3,910

-2,502

-1,235

288

-945

-1,267

-1,060

19,144

-2,154

-1,364

-562

-942

-1,275

-1,780

-2,319

-891

-1,985

-2,834

-5,189

-6,801

-2,026

-2,079

-4,833

-4,231

-4,057

-3,472

-3,703

-4,391

-2,900

FINANCING ACTIVITIES:
Payments related to finance lease

232

389

15,008

17

0

-24

7

7

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Line of credit borrowings

0

-

-

-

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long-term debt and short-term borrowings

-

-

-

-

-

-

-

-

-

-

12

10

11

-

5,933

9,522

3,378

2,538

441

442

3,743

2,648

3,722

452

3,608

2,748

3,527

180

3,183

-

-

-

-

Proceeds from convertible debt, net of discount and issuance costs

-

-

-

-

-

5,658

37,333

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt and short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

94

0

2,946

8,987

0

0

6,292

2,234

3,157

0

3,318

2,251

3,069

0

8,161

-

-

-

-

Principal payments on long-term debt and short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,136

Proceeds from long-term and short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,152

Proceeds from sale of common stock, net of offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

10,283

-

-

-

-

Proceeds from issuance of common stock under equity compensation plans

-

-

-

-

-

-

-

-

-

223

5

267

346

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities - continuing operations

-232

-

-

-

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities - discontinued operations

0

-

-

-

-8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

24

20

-

0

33

286

-

33

75

46

Proceeds from issuance of common stock under equity compensation plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

394

0

482

-

300

500

630

-

24

0

281

-

344

74

1,319

-

1,500

69

992

Restricted cash - compensating balance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

-

0

1,750

0

-

-

-

-

-

-

-

-

Release of restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,000

Total net cash provided by (used in) financing activities

-232

-242

17,966

220

4,992

5,783

37,325

187

-10

211

-7

257

335

386

-5,874

72

50

6,467

-141

1,058

2,179

1,443

-544

-2,226

-29

-472

-114

-139

16,294

232

1,438

-200

8,962

Effect of exchange rate changes on cash and cash equivalents

67

-221

-46

-57

110

219

-145

489

315

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in cash and cash equivalents

-9,900

34,467

2,014

-18,556

-10,019

-2,730

33,671

-1,713

-4,465

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash, cash equivalents and restricted cash

67

-221

-46

-57

110

219

-145

489

315

-1,113

189

-221

620

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for:
Increase (decrease) in cash and cash equivalents from operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,662

Increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,418

-718

452

-

290

225

6,736

-

-2,506

-6,597

430

-

-

-

-

Increase (decrease) in cash and cash equivalents from operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,506

-6,597

430

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,188

899

371

-

-4,368

-119

486

-834

2,186

222

-1,351

770

269

-1,721

909

-179

-2,505

1,383

-104

Decrease in cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-2,793

-

-218

1,930

-1,631

-

50

-837

938

-6,400

2,476

447

5,385

8,666

-2,237

-8,318

1,339

-1,699

1,197

-3,272

-6,766

Increase (decrease) in cash, cash equivalents and restricted cash

-9,900

34,467

2,014

-18,556

-10,019

-2,730

33,671

-1,713

-4,465

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-