Northern technologies international corporation (NTIC)
CashFlow / Yearly
Aug'19Aug'18Aug'17Aug'16Aug'15Aug'14Aug'13Aug'12Aug'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

5,815

7,222

3,924

-1,198

2,517

5,538

4,753

3,575

3,995

Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation

1,431

413

391

427

495

454

306

-

-

Stock-based compensation

-

-

-

-

-

-

-

288

177

Depreciation expense

841

853

787

660

530

454

435

351

335

Amortization expense

261

252

119

119

87

86

71

128

157

Loss on disposal of assets

-

-

-

-

-20

-

-

-

-

Loss on disposal of assets

-

-

-

-

-

-0

-84

-

-

Equity in income from joint ventures

7,225

7,527

5,898

4,743

5,936

5,920

5,237

5,519

5,536

Deferred income taxes

89

-186

117

47

-131

230

-124

-5

-321

Dividends received from joint ventures

5,039

3,697

6,377

5,503

2,983

7,431

3,155

3,060

2,838

Impairment on investment at carrying value

-

-

-

1,883

0

-

-

-

-

Increase in allowance on doubtful accounts

-

-

-

-

-

20

0

-

-

Gain on sale of property and equipment

36

10

-50

0

-31

0

0

-0

52

Changes in current assets and liabilities:
Trade, excluding joint ventures

50

4,372

1,092

723

699

249

894

156

287

Trade, joint ventures

62

69

-100

146

-305

91

124

-415

-66

Fees for services provided to joint ventures

-89

54

-103

-42

-1,163

166

-213

-812

829

Income taxes

189

191

-90

40

258

-150

98

61

-

Inventories

1,486

1,909

-305

257

1,679

825

1,017

365

203

Prepaid expenses and other

-744

1,317

-8

-17

-25

62

-363

220

242

Accounts payable

682

1,641

-129

641

127

365

78

-123

311

Income tax payable

-65

73

-27

42

31

-4

8

-165

21

Accrued liabilities

-222

1,720

742

-123

-634

473

-311

646

626

Net cash provided by operating activities

-

-

-

-

-755

7,422

1,910

-

-

Net cash provided by operating activities

5,477

608

5,735

2,055

-

-

-

-388

-1,136

CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from the sale of available for sale securities

3,100

1,985

1,476

0

3,492

500

0

-

-

Effect of subsidiary consolidation on cash

-

-

-

-

-

0

1,612

-

-

Purchase of available for sale securities

3,365

1,518

3,000

216

0

6,019

0

-

-

Investment in joint venture

-

-

-

-

-

110

0

484

38

Purchases of property and equipment

960

680

922

643

1,438

1,602

1,488

1,037

567

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

100

Investments in patents

114

86

162

135

152

224

255

187

148

Net cash used in investing activities

-

-

-

-

1,901

-

-

-

-

Net cash (used in) provided by investing activities

-1,339

-300

-2,607

-995

-

-7,457

-130

1,351

2,184

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of note payable

-

-

-

-

-

933

76

76

59

Dividend received by non-controlling interest

400

600

200

200

1,160

1,440

1,752

-

33

Investment by non-controlling interest

134

-

-

-

15

36

0

-

-

Repurchase of common stock

-

-

196

138

24

0

0

-

-

Dividends paid on NTIC common stock

2,180

1,815

0

-

-

-

-

-

-

Proceeds from employee stock purchase plan

52

27

46

68

57

42

56

55

36

Proceeds from exercise of stock options

-

15

122

0

236

479

208

34

464

Net cash used in financing activities

-

-

-

-

-874

-1,814

-1,563

-

-

Net cash used in financing activities

-2,393

-2,372

-226

-270

-

-

-

13

408

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

-49

-133

63

-18

-124

11

-39

-105

32

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

1,693

-2,197

2,964

771

146

-1,837

176

871

1,490