Nrc group holdings corp. (NRCG)
CashFlow / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Cash flows from operating activities:
Net loss

-10,185

-10,115

-8,460

-45,810

-878

-208

-361

6,056

-324

-50

-10

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation of property and equipment

-

-

7,148

-

-

-

4,906

-

-

-

-

Amortization of intangible assets

2,133

2,019

1,864

1,883

1,592

1,227

1,540

-

-

-

-

Accretion of asset retirement obligation

28

27

27

26

26

13

13

-

-

-

-

Amortization of deferred financing costs

445

419

436

29

402

552

283

-

-

-

-

Bad debt expense

1,445

948

1,264

-299

152

146

125

-

-

-

-

Change in fair value of contingent consideration

-

-

-2,051

-

-

-

-

-

-

-

-

Deferred income tax provision

-

-

-

-1,546

45

0

23

-

-

-

-

Realized gain from equipment sales or retirements

-737

57

324

-

-

-

-

-

-

-

-

Interest income earned on Trust Account

-

-

-

-

-

-

-

-

-658

-6

0

Changes in operating assets and liabilities, net of acquisitions:
Trade and other receivables

-319

-10,892

10,745

681

6,366

2,123

-7,435

-

-

-

-

Inventories

401

-19

91

439

-191

-7

96

-

-

-

-

Prepaid expenses

-299

590

180

-25

-668

1,746

-1,018

232

-22

90

0

Other assets

-78

882

-123

238

-70

-224

232

-

-

-

-

Accounts payable and accrued expenses

4,611

-8,808

-208

-301

5,041

1,408

-12,476

17,411

785

37

10

Accrued wages and benefits

-843

1,444

-643

1,080

495

1,683

-2,222

-

-

-

-

Deferred revenue

-1,377

-3,467

5,972

-3,333

-605

-4,673

7,798

-

-

-

-

Other current liabilities including current income taxes

-1,441

4,288

-2,712

-1,420

-1,193

3,052

184

-

-

-

-

Other liabilities

-267

-29

-1,749

1,630

-2,204

-145

-1,263

-

-

-

-

Decrease in accrued income and franchise taxes

-

-

-

-

-

-

-

-

0

0

0

Net cash provided by operating activities

5,353

6,648

-803

-40,481

8,119

144

6,307

17,320

-175

-109

0

Cash flows from investing activities:
Acquisition of business, net of cash acquired

-

-

-

24,127

-740

23,027

5,001

-

-

-

-

Capital expenditures

15,099

15,262

6,287

8,805

8,452

5,646

1,740

-

-

-

-

Cash deposited in Trust Account

-

-

-

-

-

-

-

-

31,967

227,250

0

Net cash used in investing activities:

-15,099

-21,067

-6,287

-33,062

-7,712

-28,673

-6,741

-

-

-

-

Cash flows from financing activities:
Principal payments on term loans

-

-

859

-

-

-

1,371

-

-

-

-

Borrowings from revolving credit facilities

14,000

23,000

10,000

4,300

5,700

283

5,000

-

-

-

-

Principal payments on equipment loans

549

476

328

999

0

663

393

-

-

-

-

Principal payments on capital lease obligations

893

1,107

752

-

-

-

-

-

-

-

-

Cash dividend paid

1,837

1,839

1,511

-

-

-

-

-

-

-

-

Net cash provided by financing activities:

8,169

19,231

6,550

77,446

4,930

24,954

3,236

-262,746

31,246

229,893

0

Effects of foreign exchange rates on cash and cash equivalents

-754

-114

92

86

-218

-1,245

705

-

-

-

-

Net increase in cash and cash equivalents

-2,331

4,698

-448

3,989

5,119

-4,820

3,507

-

-

-

-

Net increase (decrease) in cash

-

-

-

-

-

-

-

-

-896

2,534

0

Supplemental Information:
Cash interest paid

15,064

366

7,217

8,135

3,904

1,577

3,359

-

-

-

-

Cash income taxes paid

-

-

-

369

118

318

27

-

-

-

-

Noncash investing and financing activities:
Equipment financed under capital lease obligations

1,232

8,555

9,505

-

-

-

-

-

-

-

-

Unpaid property and equipment

-5,854

5,005

2,684

-

-

-

-

-

-

-

-

Accrued and unpaid Series A convertible preferred stock dividend

-

-1

1,838

-

-

-

-

-

-

-

-