Netsol technologies inc (NTWK)
CashFlow / Yearly
Jun'19Jun'18Jun'17Jun'16Jun'15Jun'14Jun'13Jun'12Jun'11
Cash flows from operating activities:
Net income (loss)

12,017

7,149

-1,736

5,057

-5,249

-12,937

12,088

6,649

9,702

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization

4,423

5,573

6,562

7,152

10,343

8,730

5,702

4,641

4,288

Provision for bad debts

474

460

1,407

237

-434

1,023

-

-

-

Impairment of assets

-

172

0

-

-

-

-

-

-

Share of net loss from investment under equity method

-841

-262

0

-

-

-

-

-

-

Share of net loss from investment under equity method

-

-

-

-

-

-545

-

-

-

Provision for bad debts

-

-

-

-

-

-

415

192

367

Gain on settlement of finance lease

-

-

-

-

-

-

-

110

-858

Share of net loss from investment under equity method

-

-

-

-

-

-

482

-300

220

Gain (loss) on sale of assets

81

7

-30

23

-64

-229

-

-

-

Stock based compensation

1,131

1,861

2,522

1,264

1,375

-

-

-

-

Gain on sale of subsidiary

-

-

-

-

-

1,870

-

-

-

Loss on sale of assets

-

-

-

-

-

-

3

-18

-21

Stock issued for interest on notes payable

-

-

-

-

-

-

-211

5,743

191

Fair market value of stock options

43

-

241

268

622

1,076

38

216

886

Fair market value of warrants and stock options granted

-

-

-

-

-

189

-

-

-

Impairment of goodwill

-

-

-

-

-

136

-

-

-

Changes in operating assets and liabilities:
Fair market value of warrants and stock options granted

-

-

-

-

-

-

678

453

459

Impairment of goodwill

-

-

-

-

-

-

0

-

-

Amortization of financing costs

-

-

-

-

-

-

635

179

-

Beneficial conversion feature

-

-

-

-

-

-

-

-

453

Accounts receivable

1,836

7,735

-2,292

3,758

871

-7,094

2,024

-1,774

3,422

Accounts receivable - related party

977

2,735

-2,803

2,564

1,179

309

-

-

-

Revenues in excess of billing

-10,764

6,788

-

-

-

-

-

-

-

Revenues in excess of billing

-

-

13,966

4,987

2,997

-12,825

-

-

-

Revenues in excess of billing - related party

122

-77

-211

884

16

-

-

-

-

Other current assets

861

195

-72

729

-580

-

-

-

-

Accounts receivable - related party

-

-

-

-

-

-

100

-

-

Revenues in excess of billing

-

-

-

-

-

-

4,002

-

-

Other current assets

-

-

-

-

-

-216

-412

5,124

-1,987

Accounts payable and accrued expenses

-47

1,653

751

558

726

1,060

276

1,078

376

Unearned revenue

692

2,388

-738

69

2,114

622

-

-

-

Net cash provided by (used in) operating activities

4,933

15,714

454

1,659

5,078

18,634

13,845

8,112

13,922

Cash flows from investing activities:
Purchases of property and equipment

2,726

2,449

2,203

3,335

3,558

13,236

8,958

4,912

9,085

Sales of property and equipment

1,170

943

781

986

1,102

88

118

44

313

Convertible note receivable - related party

1,526

1,923

200

0

-

-

-

-

-

Investment in associates

250

230

1,105

555

0

-

-

-

-

Restricted cash

-

-

0

-

-

-

-

-

-

Purchase of subsidiary shares from open market

-

-

-

767

577

-

-

-

-

Sale of subsidiary

-

-

-

-

-

1,810

-

-

-

Purchase of subsidiary shares

317

33

-

-

-

17

-

-

-

Purchase of subsidiary shares from open market

-

-

0

-

-

-

-

-

-

Short-term investments held for sale

-

-

-

-

-

-

-

-

256

Investment under equity method

-

-

-

-

-

-

-

100

-

Purchase of non-controlling interest in subsidiaries

-

-

-

-

-

-

799

-

671

Acquisition, net of cash acquired

-

-

-

-

-

-

-

253

-

Increase in intangible assets

-

-

-

-

-

-

-4,832

-6,167

-8,096

Net cash used in investing activities

-3,649

-3,693

-2,727

-3,672

-3,033

-14,739

-14,472

-11,407

-17,795

Cash flows from financing activities:
Payment to common shareholders for fractional shares

-

-

-

-

-

-

0

-

-

Proceeds from sale of common stock

-

-

-

64

2,294

0

111

-

-

Proceeds from the exercise of stock options and warrants

85

312

866

1,137

191

709

-

-

-

Proceeds from sale of common stock

-

-

-

-

-

-

-

5,743

4,099

Proceeds from exercise of subsidiary options

2

10

75

16

12

356

2,537

728

1,615

Increase in intangible assets

-

-

-

-

-

3,385

-

-

-

Purchase of treasury stock

250

750

38

-

-

-

-

19

-

Purchase of treasury stock

-

-

-

0

-

-

-

-

-

Proceeds from convertible notes payable

-

-

-

-

-

-

-

4,000

-

Payments on convertible notes payable

-

-

-

-

-

-

-

2,758

46

Restricted cash

-

-

-

-

-2,438

653

1,734

-5,558

-

Dividend paid by subsidiary to non-controlling interest

566

417

2,156

1,003

806

1,008

388

341

1,291

Bank overdraft

-

-

-

-

-

-

-

59

39

Proceeds from bank loans

1,227

1,455

6,184

1,333

1,410

3,244

1,795

4,190

2,969

Payments on finance lease obligations and loans - net

480

1,626

554

950

4,079

2,880

630

8,089

3,118

Net cash provided by (used in) financing activities

17

-1,016

4,377

598

1,461

-233

1,690

9,091

4,266

Effect of exchange rate changes

-6,023

-3,087

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-4,722

7,915

-

-

-

-

-

-

-

Effect of exchange rate changes

-

-

511

-1,196

-799

-73

-789

-2,370

-296

Net decrease in cash and cash equivalents

-

-

2,615

-2,611

2,706

3,588

274

3,426

97

SUPPLEMENTAL DISCLOSURES:
Interest

293

390

225

-

-

-

-

-

-

Interest

-

-

-

251

162

325

-

-

-

Taxes

848

700

195

391

503

402

-

-

-

NON-CASH INVESTING AND FINANCING ACTIVITIES:
Provided services for investment in WRLD3D

-

601

1,231

164

0

-

-

-

-

Assets acquired under finance lease

268

507

498

-

-

-

-

-

-

Amount accrued for the purchase of VLS

609

-

-

-

-

-

-

-

-

Assets acquired under capital lease

-

-

-

269

0

-

-

-

-

Stock issued for the payment of vendors

-

-

-

-

-

210

-

-

-

Adjustment of uncollectable subscription receivable with additional paid in capital

-

-

-

-

982

0

-

-

-