Orion group holdings inc (ORN)
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) income

2,723

159

4,039

-1,633

-7,924

-94,416

-6,356

2,249

4,101

9,538

-5,037

-2,293

-1,808

-6,343

4,739

-808

-1,208

1,438

-7,396

-1,844

-258

5,290

2,960

-1,163

-210

2,189

-973

212

-1,097

1,486

-1,595

-5,421

-6,336

-5,218

-6,218

-3,217

1,539

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

6,192

6,487

6,501

6,637

6,471

10,665

6,923

7,431

6,780

7,069

7,303

7,591

7,528

8,397

8,562

8,653

8,550

9,252

8,177

5,209

5,445

5,820

6,368

5,644

5,619

5,351

5,459

5,351

5,377

5,532

5,347

5,313

5,378

5,354

5,598

5,609

5,531

Amortization of ROU operating leases

1,673

1,032

1,218

1,492

1,435

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of ROU finance leases

700

579

579

585

569

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred debt issuance costs

123

141

126

102

84

49

30

309

337

327

311

330

301

304

301

317

303

462

0

0

0

-

-

-

-

-1

18

13

22

-55

19

106

33

34

33

32

33

Deferred income taxes

13

27

1

9

34

-12,633

-2,402

724

1,117

1,312

-4,718

-210

-550

-206

2,137

-473

-707

-220

-1,505

-1,304

144

1,869

911

-877

-34

2,400

-1,892

-80

-667

2,506

-1,286

-2,768

-98

746

1,853

1,987

606

Stock-based compensation

462

461

564

1,064

664

528

559

817

334

503

593

857

350

438

540

869

433

525

435

527

788

496

316

375

407

505

504

550

582

743

846

752

774

894

696

487

635

Gain on sale of property and equipment

992

607

451

372

374

779

1,028

686

813

84

413

-335

512

319

654

234

372

1,541

-2,107

56

44

194

-11

83

93

-212

11

45

3

-1,978

63

79

14

-244

36

252

-104

Allowance for credit losses

411

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-45

56

10

1

732

268

0

-7

261

1

2

-5

11

2

0

-1

90

165

0

0

Other gain from continuing operations

-

-

-

-

-

0

0

0

5,448

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock option exercise

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Change in operating assets and liabilities:
Accounts receivable

-13,511

16,467

6,985

18,961

9,296

100

-2,053

1,971

-10,954

4,908

-2,188

694

-18,436

-355

25,327

-4,407

3,370

-30,334

21,865

21,903

-10,768

5,120

6,833

1,100

-8,851

-3,493

13,827

462

-15,367

14,801

-1,632

9,442

4,355

-2,779

-10,677

-21,790

9,111

Notes receivable

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable

192

165

-68

265

133

72

147

-140

49

-1,251

1

2,236

-34

49

0

0

0

-16

0

-1

-232

0

0

0

0

-1,930

74

161

-430

459

-14,569

-269

3,491

1,189

4,850

-106

398

Inventory

218

-193

-58

-42

-210

116

-175

100

-688

-15

-79

-121

126

-455

-462

-469

-310

-1,547

300

-139

236

2,445

-169

607

819

1,919

236

145

724

300

-233

471

-41

-39

-702

1,758

-647

Note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-5

0

0

-39

0

Prepaid expenses and other

-1,540

1,543

-1,812

393

-255

1,739

-1,928

-1,919

437

1,707

-761

-564

-156

1,271

-1,266

-1,168

307

-2,799

3,622

-171

-185

1,733

-540

-280

-218

2,003

-873

-466

-464

1,165

-817

41

108

1,334

-629

395

-723

Costs and estimated earnings in excess of billings on uncompleted contracts

-9,956

-

-

-

5,916

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,952

-

-

-

0

Costs and estimated earnings in excess of billings on uncompleted contracts

-

-

-

-

-

-

-

-10,582

3,300

-

-5,006

4,473

-6,326

12,752

-4,319

91

11,116

-12,095

2,372

1,951

-2,883

-5,910

-8,115

-14,000

8,300

290

-5,254

471

-1,118

-7,039

-2,815

7,685

-1,964

-903

10,644

3,613

-2,363

Accounts payable

-22,911

15,192

7,441

5,787

474

9,682

-7,314

2,553

-9,505

-7,891

5,999

-4,861

1,087

-3,079

9,219

1,405

-13,262

2,131

3,832

4,855

1,427

-6,366

8,499

8,556

-11,867

-1,528

4,447

154

-9,478

11,740

2,857

4,799

-570

2,052

-4,371

1,427

-12,078

Accrued liabilities

-543

-

-

-

-1,683

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-

-

-

-

-

-

-

1,321

-2,283

-

1,153

2,001

-3,990

819

3,527

-1,192

-4,277

-4,613

7,217

1,437

-2,383

-337

1,711

2,022

1,032

314

1,640

-946

-1,816

1,809

1,462

562

-1,030

942

-2,101

-2,616

1,047

Operating lease liabilities

-1,348

-1,409

-1,538

-1,461

-1,435

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax payable

-278

768

346

-124

533

0

-705

468

-19

-2,797

3,053

-270

-419

-138

319

-262

-44

794

-1,161

-245

-485

-165

806

-17

-86

-312

433

59

27

252

0

0

0

0

0

-181

-81

Billings in excess of costs and estimated earnings on uncompleted contracts

4,631

-

-

-

14,104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in excess of costs and estimated earnings on uncompleted contracts

-

-

-

-

-

-

-

-10,700

1,846

-

5,469

3,369

-3,117

-1,886

2,528

-922

-522

-2,762

12,209

2,400

-7,192

755

8,027

-1,912

-4,761

-48

3,974

-6,515

815

-342

2,164

3,205

5,677

1,441

-358

-2,459

2,653

Other

-

-

-

-

-

-

1

0

286

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-15

-19

-9

-15

-15

-14

-15

-14

-15

-14

-14

-15

-14

-14

-14

-14

-14

-15

Net cash (used in) provided by operating activities

15,453

1,181

-815

846

-1,928

27,170

-9,748

-6,108

10,617

2,278

11,734

9,077

11,044

9,718

3,300

13,488

-3,357

27,800

556

-8,667

5,490

-7,317

15,623

-2,897

6,536

10,894

-4,932

-1,091

8,162

1,882

24,174

18,407

-20,025

5,957

13,049

8,128

5,542

Cash flows from investing activities:
Proceeds from sale of property and equipment

1,302

652

516

447

400

914

1,250

764

306

465

814

4,708

839

415

849

254

634

2,041

501

114

52

564

103

164

174

559

110

68

13

25

97

212

40

34

436

57

314

Purchase of land

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

22,199

-

0

0

0

-

-

-

-

-

-

-

-

Purchase of property and equipment

2,753

4,164

4,917

4,256

3,862

2,671

3,132

7,565

4,346

3,495

3,545

1,586

2,103

2,381

3,821

5,282

7,231

7,225

6,044

1,821

5,712

580

7,413

8,713

2,005

1,009

4,834

4,226

2,691

2,303

3,655

2,429

16,260

2,200

3,003

4,407

5,284

Contributions to CSV life insurance

38

171

106

143

301

-164

158

120

146

115

189

114

127

-

163

339

132

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from return of investment

-

-

-

-

-

0

0

1

93

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance claim proceeds related to property and equipment

1,164

-

-

-

-

0

196

0

1,150

925

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-325

-3,683

-4,507

-1,378

-3,763

-1,593

-1,844

-6,920

-2,943

-2,220

-3,477

-2,992

-1,391

-2,086

-3,135

-5,736

-6,729

-3,551

-117,877

-1,707

-5,660

-2,898

-7,310

-8,549

-24,030

-450

-4,724

-4,158

-2,678

-11,278

-3,558

-2,217

-16,220

-2,166

-2,567

-4,350

-4,970

Cash flows from financing activities:
Borrowings from Credit Facility

5,000

14,000

17,000

21,000

11,000

10,000

16,861

13,000

0

20,000

15,000

27,000

10,000

10,000

15,000

10,000

22,000

0

149,021

0

0

4,000

3,500

0

22,500

0

0

0

0

5,000

0

0

13,000

-

0

0

0

Payments made on borrowings from Credit Facility

6,750

10,750

29,960

18,750

10,750

26,750

9,611

3,375

8,375

13,375

21,375

34,032

19,031

20,532

13,531

17,333

11,688

36,687

1,727

524

4,017

389

779

0

389

779

0

389

2,889

2,890

2,489

0

0

-

-

-

-

Loan costs from Credit Facility

-

-

-

-

43

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Excess tax benefit from stock option exercise

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Loan costs from Credit Facility

-

-

-

-

-

0

861

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Payments of finance lease liabilities

942

762

732

716

696

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exercise of stock options

-

0

0

0

35

0

1,516

483

816

313

67

317

623

92

0

0

8

0

0

0

28

75

454

204

136

122

227

304

206

122

163

0

13

0

3

182

0

Purchase of shares into treasury

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-3,003

0

Net cash used in financing activities

-2,692

2,238

3,913

666

-368

-19,487

7,905

10,108

-7,559

6,369

-6,518

-6,715

-8,408

-10,473

1,469

-7,819

10,320

-41,185

114,867

-3,625

-3,989

3,250

3,175

204

22,247

-740

227

-52

-2,683

2,267

-2,336

-4

13,013

0

3

-2,821

0

Net change in cash and cash equivalents

12,436

-

-

-

-6,059

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-2,920

115

-

1,739

-630

1,245

-2,841

1,634

-67

234

-16,936

-2,454

-13,999

-4,159

-6,965

11,488

-11,242

4,753

9,704

-9,429

-5,301

2,801

-7,129

18,280

16,186

-23,232

3,791

10,485

957

572

Supplemental disclosures of cash flow information, cash paid during the period for:
Interest

942

-

-

-

1,190

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

892

1,163

-

1,039

1,120

1,073

-

-

-

1,154

2,085

488

252

238

283

134

160

165

90

56

128

209

22

325

229

121

52

57

102

1

Taxes, net of refunds

648

134

50

243

151

431

68

379

25

-59

0

1,151

-84

-

-

-

1

94

56

467

-33

508

116

160

-14

-2,778

2

161

-430

99

-14,168

0

30

-1,763

93

-3,280

2