Nortech systems inc (NSYS)
CashFlow / Quarterly
Mar'20Dec'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'11
Cash Flows From Operating Activities
Net Loss

-

-

-

-

-

-

-

-

-391

-2,459

43

-15

-15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss)

137

274

413

-1,552

-363

-

-

-

-

-

-

-

-

-

-

-

62

123

-123

-378

-192

214

332

246

86

241

217

187

141

275

105

125

122

234

182

146

626

Adjustments to Reconcile Net (Loss) Income to Net Cash
Depreciation and Amortization

567

-

552

526

570

-

547

547

561

-

640

638

595

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

539

536

512

517

542

555

546

516

507

517

501

497

499

495

500

509

463

467

466

448

448

474

483

488

Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

47

47

47

47

47

47

1

1

1

1

1

1

1

1

1

1

1

1

1

12

35

35

35

35

Compensation on Stock-Based Awards

39

-81

35

31

160

46

35

25

20

-

-

-

7

0

0

0

0

-

-

-

-

-

-

-

7

2

4

1

3

-

-

-

-

3

7

7

7

Compensation on Stock-Based Awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-4

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Compensation on Equity Appreciation Rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-42

12

3

-9

25

-36

-46

-11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on Swap Valuation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

10

7

Impairment on Assets Held for Sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

74

-

-

-

-

-

-

-

-

Bargain Purchase Gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

791

Deferred Taxes

-

-

-

-

-

-

-

-

-1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58

168

68

-65

-16

115

-61

-134

94

-6

-51

242

Change in Contingent Consideration

-

-

-

-

-

-

-

-

-

-186

-213

-29

-58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in Accounts Receivable Allowance

-10

12

61

16

24

-

-

-

-

46

19

-384

-355

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in Inventory Reserves

93

89

231

3

51

150

45

-110

183

-101

43

87

142

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on Disposal of Property and Equipment

-

-

-

-

-

-

-

-

-

0

0

1

354

-

-

-

-

0

0

0

-1

-0

49

-50

-1

-

-

-

-

0

-3

2

-1

-

-

-

-

Changes in Current Operating Items
Accounts Receivable

1,644

-1,571

-488

-2,355

3,001

1,127

-267

1,124

762

-850

1,233

-581

-380

-73

-151

1,960

-2,239

-761

2,336

246

-957

1,761

444

-248

-621

948

-392

1,428

438

-1,885

-148

-321

-756

-917

151

-132

180

Inventories

1,165

-

907

315

-985

-

1,365

823

-229

-

-483

8

1,161

-1,039

73

317

1,060

-68

-347

1,087

988

-1,887

1,025

596

1,366

-1,220

-127

-341

1,452

-21

-1,207

-122

-13

-2,366

-128

1,050

4,365

Contract Assets

-885

448

-18

-1,356

2,154

-

529

396

-308

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid Expenses and Other Current Assets

-

-

-

-

-

-

-

-

-81

-

-28

234

-91

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid Expenses and other Curent Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-77

-98

-48

-176

227

-114

339

151

-157

263

-89

165

-267

278

-54

115

-

-

-

-

-

-

-

-

Prepaid Expenses and Other Current Assets

-11

-

246

-354

749

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

92

41

105

-189

29

-17

153

Income Taxes

88

-

-

-

70

-

-

-

-

-

-

-

-

-303

61

158

-13

-693

153

238

138

65

152

160

-53

-

-

-

-

-

-

-

-

19

-91

-70

-63

Income Taxes Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-54

74

-28

-

-

-

-

-

-

-

-

0

0

20

-81

106

-103

49

179

-

-

-

-

Accounts Payable

2,336

-4,343

1,750

-4,296

3,209

1,115

1,191

3,405

317

-2,939

-464

-164

1,452

-1,039

681

2,014

-839

-1,302

3,240

2,166

-168

-321

-198

1,001

640

-486

-55

-801

206

693

-1,646

-1,636

377

-2,388

2,212

-1,190

198

Accrued Payroll and Commissions

-691

866

-716

1,207

-611

220

-748

953

-579

471

-866

941

-957

770

-652

-512

569

-294

776

-338

-15

-386

1,062

-451

76

-629

392

62

804

-630

196

-529

758

-555

-655

744

54

Other Accrued Liabilities

-4

-58

330

-560

511

519

163

-452

576

-448

815

116

-22

35

-48

43

-373

-884

1,576

68

-52

-307

238

-134

71

10

70

55

-5

-290

2

-140

221

-46

171

-93

-128

Net Cash Provided by (Used in) Operating Activities

466

1,230

2,010

-805

-1,438

-120

-177

2,199

542

191

-678

1,548

-255

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flows from Investing Activities
Net Cash Provided by (Used in) Operating Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,315

-547

4,064

102

-239

175

77

804

523

297

1,426

-1,028

-418

2,887

404

-1,324

2,653

1,332

2,460

-756

-3,911

Proceeds from Sale of Property and Equipment

-

-

-

-

-

-

-

-

-

0

0

1

668

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

137

0

0

0

Purchase of Intangible Asset

6

-

-

-

-

1

-1

0

4

14

0

0

100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business Acquisition, Net of Cash Acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

0

0

1,042

Purchases of Property and Equipment

65

-66

240

149

396

401

442

269

288

239

215

161

198

292

273

604

785

221

242

307

907

386

672

458

669

-2,211

341

463

201

2,955

429

584

462

710

204

135

219

Net Cash Used in Investing Activities

-71

64

-252

-174

-396

-405

-424

-269

-292

-253

-215

-160

370

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flows from Financing Activities
Net Cash Provided by (Used in) Investing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-785

-

-

-

-

-386

-672

-458

-669

-197

-340

-407

-201

-

-

-

-

-1,073

-204

-134

-1,261

Net Change in Line of Credit

167

-2,342

-304

1,439

2,030

1,206

916

-1,507

146

21

1,838

-1,407

735

-

-

-

-

-

-

-471

944

-

-

-

-

-

-

-

-923

47

-393

988

-2,064

81

-3,033

2,572

4,109

Borrowings on Line of Credit - Bank

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

531

-

-

-

-

-

28,682

27,749

27,046

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on Line of Credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,017

28,208

26,655

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Long-Term Debt

-

-

-

-

-

-

-

-

-

0

0

5,000

123

-

-

-

-

211

6

1,005

347

83

280

0

230

290

210

0

1,674

-

-

-

-

0

0

0

1,380

Principal Payments on Long-Term Debt

124

128

144

256

328

555

274

323

222

270

389

4,208

1,026

337

387

412

322

267

327

264

163

159

145

223

138

124

121

256

111

89

97

201

126

340

638

520

292

Principal Payments on Financing Leases

123

-

-

-

65

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal Payments on Finance Leases

-

-

-

-

-

-

-

-

82

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share Repurchases

-

0

4

113

13

47

43

60

126

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash (Used In) Provided By Financing Activities

-80

-2,588

-607

1,046

1,624

835

518

-1,958

-284

-262

1,433

-1,041

-168

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Financing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

209

743

-1,889

225

1,127

73

798

-682

482

-582

-602

1,418

638

68

24

1,872

-2,191

-259

-3,672

2,052

5,197

Effect of Exchange Rate Changes on Cash

-1

-

-

-

-

4

45

-92

46

30

-4

-15

-10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Change in Cash

314

-1,293

1,149

67

-210

314

-38

-120

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Change in Cash

-

-

-

-

-

-

-

-

-

-

536

332

-63

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Change in Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

207

47

-727

739

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reconciliation of cash and restricted cash reported within the condensed consolidated balance sheets
Net Increase (Decrease) in Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-56

21

-18

-

-

-

336

-

-

-

18

-

-

-

-

0

-1,417

1,161

25

Supplemental Disclosure of Cash Flow Information:
Cash Paid During the Period for Interest

222

241

262

253

224

212

190

178

139

155

120

144

119

104

133

132

127

121

119

108

92

91

86

94

87

87

100

100

77

90

101

90

102

124

120

145

120

Cash Refunded During the Period for Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-204

227

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Paid (Refunded) During the Period for Income Taxes

40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

180

237

0

0

0

86

101

-4

28

75

12

-

-

-

-

Supplemental Noncash Investing and Financing Activities:
Due to Seller for Business Acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-212

-37

500

Property and Equipment Purchases in Accounts Payable

23

-26

-150

102

78

141

20

216

68

-164

-51

153

91

9

29

-47

49

40

-5

17

2

-16

9

-98

124

212

41

53

10

-

-

-

-

-

-

-

-

Equipment Acquired under Finance Lease

262

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-