Netsol technologies inc (NTWK)
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'11Dec'10Sep'10
Cash flows from operating activities:
Net income (loss)

1,469

546

-2,261

4,636

1,769

4,330

1,281

809

4,859

1,662

-181

-2,881

2,138

-1,376

383

2,361

1,156

1,758

-219

-192

-1,321

-1,505

-2,229

-8,278

-2,255

-1,972

-431

4,606

2,531

3,688

1,261

4,468

2,356

1,145

-1,321

-588

4,731

3,018

2,541

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

943

949

922

1,072

1,127

1,073

1,149

1,405

1,358

1,390

1,418

1,747

1,624

1,590

1,599

1,834

1,804

1,747

1,765

3,259

2,463

2,238

2,382

3,861

1,724

1,671

1,473

1,574

1,470

1,357

1,300

1,325

1,233

1,101

980

1,290

1,153

947

897

Provision for bad debts

96

17

-38

-

-

-

-

-

-

-

-

-

-

-

-

188

12

0

36

-434

0

0

0

-

-

-

-

-

-

-

-

-

0

0

192

-

0

-0

254

Share of net loss from investment under equity method

-78

-164

-189

1

-245

-298

-299

272

-263

-203

-67

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share of net loss from investment under equity method

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for bad debts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

251

-

-

-

-

-

-

-

-

-

-

-

-

Share of net loss from investment under equity method

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-175

9

-

-

-

-

-59

-140

0

-100

0

362

-212

70

Gain (loss) on sale of assets

0

0

-0

16

16

-3

52

-16

40

-8

-7

2

1

-32

-2

23

14

-2

-11

9

6

-69

-11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock based compensation

236

164

164

150

110

437

432

579

448

394

439

523

473

660

865

569

368

248

77

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13

-25

15

-0

14

-

-

-

-

-

-

-

-

Stock issued for interest on notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-211

-

-

-

-

-

-

-50

14

(Gain) loss on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-1

-1

-

2

-0

-14

Fair market value of stock options

-

-

-

-

-

-

-

-

-

-

-

214

5

0

21

122

0

145

0

155

155

21

290

259

177

321

318

0

9

0

29

26

34

37

118

187

120

193

383

Fair market value of warrants and stock options granted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

155

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

222

135

92

227

149

47

196

59

123

160

121

53

Amortization of financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

173

74

367

-

-

-

-

-

-

-

-

Beneficial conversion feature

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-52

-52

-21

52

105

118

177

Accounts receivable

5,206

281

-4,836

-2,412

8,458

927

-5,136

-10,113

4,617

12,327

903

-2,942

4,327

-1,341

-2,336

3,873

-3

-1,380

1,268

-1,497

90

-3,443

5,723

-4,243

-4,098

-2,335

3,582

-2,624

2,270

-1,941

4,320

-897

2,445

-1,664

-1,658

8,772

-3,486

844

-2,708

Accounts receivable - related party

250

-2,183

-46

516

241

504

-284

101

996

385

1,251

-2,398

424

-707

-121

-546

727

1,408

975

981

239

-536

495

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues in excess of billing

-305

781

-1,870

-3,901

770

-1,286

-6,347

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues in excess of billing

-

-

-

-

-

-

-

-

-

-3,833

3,230

3,577

2,796

2,770

4,821

1,909

3,799

-1,494

773

262

1,969

899

-133

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues in excess of billing - related party

-91

51

-66

25

6

21

70

-162

53

32

0

342

-267

-192

-93

-

-

-

138

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

616

-70

278

-328

-219

838

571

-600

271

46

478

347

165

-278

-306

-109

80

436

322

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

377

-

-

-

-

-

-

-

-

-

-

-

-

Revenues in excess of billing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,046

-3,565

-

-

-

-

-

-

-

-

-

-

-

-

Revenue in excess of billing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-416

-1,086

1,601

-

-

-

-

-

-

-

-

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-479

-71

223

-806

438

-640

1,446

-926

-291

2,837

244

2,211

-169

111

-722

76

-1,453

Accounts payable and accrued expenses

-427

368

122

492

-679

819

-680

514

251

656

231

413

3

1,114

-780

-59

475

975

-833

-281

1,008

326

-326

-43

-283

-625

2,014

-1,755

124

3,850

-1,942

965

124

1,085

-1,096

957

-227

6

-359

Unearned revenue

508

-1,388

-1,631

80

1,705

108

-1,202

-1,884

-2,196

6,739

-270

-22

1,114

-1,484

-346

1,560

-115

-836

-538

-869

-1,873

16

4,841

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

-3,381

3,526

266

5,188

-3,410

3,494

-339

13,462

4,306

2,097

-4,152

2,472

-2,087

286

-217

528

-900

5,210

-3,178

2,511

-1,457

4,505

-481

3,308

2,663

9,739

2,923

4,105

312

6,529

2,898

2,854

1,300

3,073

883

6,583

2,032

5,420

-113

Cash flows from investing activities:
Purchases of property and equipment

225

464

321

136

1,149

877

563

1,341

564

214

328

887

241

519

554

812

1,346

551

625

1,059

726

741

1,031

3,652

3,524

3,368

2,691

2,207

3,213

2,080

1,457

1,182

897

1,404

1,427

2,842

3,792

1,767

682

Sales of property and equipment

1

31

0

165

485

335

184

594

155

77

116

631

-31

29

151

430

198

177

180

892

29

89

90

27

-17

-1

80

-19

79

-1

60

-27

-0

70

2

295

-1

15

4

Convertible note receivable - related party

65

100

435

400

93

275

758

1,373

50

0

500

200

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in associates

-

-

-

-

-

-

-

-

-

-

-

200

200

150

555

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

1

2

254

Investment under equity method

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

100

-

-

-

-

Purchase of non-controlling interest in subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

491

0

180

Increase in intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,362

-

-

-1,040

-1,091

-886

-1,567

-1,944

-1,768

-3,344

-1,625

-1,553

-1,574

Net cash used in investing activities

-288

-533

-755

-938

-756

-817

-1,137

-2,300

-493

-187

-712

-655

-473

-640

-958

-381

-2,123

-721

-445

-166

-696

-1,229

-940

-3,851

-2,576

-4,338

-3,972

-3,564

-4,675

-3,744

-2,488

-2,096

-2,465

-3,550

-3,293

-5,889

-5,911

-3,307

-2,686

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

64

431

253

760

850

0

0

-176

176

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the exercise of stock options and warrants

-

-

-

-

-

-

-

97

0

52

162

80

356

152

276

408

534

194

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,200

332

545

2,021

Proceeds from exercise of subsidiary options

0

0

11

0

0

0

2

0

2

7

0

21

36

4

14

-

-

-

0

-

-

-

-

-20

65

-248

560

325

1,600

359

252

13

347

228

140

498

448

480

186

Purchase of treasury stock

-

-

-

-

-

-

-

0

149

100

500

0

0

38

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock subscription receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from convertible notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,000

-

-

-

-

Payments on convertible notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

45

Payments on convertible notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,758

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-2,438

33

-40

234

426

-191

-332

685

1,571

51

-2,613

3

-3,000

-

-

-

-

Bank overdraft

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

-

-

-

90

Proceeds from bank loans

-

-

-

-109

954

262

119

758

-11

708

0

-

-

-

-

-0

1,027

-130

437

1,410

-57

-51

109

1,878

89

757

519

-78

-175

-601

2,651

-181

504

1,993

1,873

0

380

1,524

1,064

Payments on finance lease obligations and loans - net

319

-44

147

181

9

109

179

664

600

213

148

303

181

20

49

214

205

356

174

620

591

276

2,591

2,270

-170

582

198

-56

-36

-436

1,160

107

2,857

238

4,885

169

-243

826

2,365

Net cash provided by (used in) financing activities

-80

198

-135

-542

965

-348

-56

101

-668

37

-486

3,311

1,695

-871

241

-810

1,372

-291

327

1,269

-383

-232

806

-446

-226

-190

630

126

1,880

-487

171

-267

6,010

1,938

1,410

230

1,449

1,634

952

Effect of exchange rate changes

-

-

879

-

-

-

-119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-6,340

4,462

255

351

-3,306

-114

-1,653

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes

-

-

-

-

-

-

-

-

-

-

-266

593

-189

-426

533

340

-454

-285

-797

-333

-61

60

-465

69

942

-385

-699

-498

608

-737

-161

-2,009

-450

138

-49

-126

-51

-46

-72

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-5,618

5,722

-1,055

-1,651

-401

-323

-2,105

3,911

-4,093

3,281

-2,599

3,103

-1,080

-921

802

4,825

-1,118

168

-1,873

1,559

420

-1,518

4,394

1,599

-1,049

798

-2,481

3,701

-1,920

SUPPLEMENTAL DISCLOSURES:
Interest

70

43

105

37

85

50

120

89

110

92

97

23

77

40

83

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64

55

0

49

58

104

68

90

61

-

-

-

-

-

-

-

-

-

-

-

429

Taxes

306

654

151

174

238

222

213

311

162

205

20

-19

138

60

17

-

-

-

71

429

0

46

28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

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

-

-

-

-

-

-

-

0

48

285

268

395

286

300

248

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets acquired under finance lease

-

-

-

202

0

-78

144

203

191

71

41

31

466

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets recognized under operating lease

-97

560

3,011

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock issued for the conversion of Notes Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,900,598,000