OTELCO INC. OTEL Cash Flow

Otelco inc. (OTEL)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
2,218	1,980	1,819	1,716	2,281	2,237	2,327	2,907	1,996	7,382	1,589	1,536	1,608	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,125	1,324	1,750	-	1,850	1,655	2,135	940	1,387	1,308	1,394	-202	1,472	109,648	-1,774	-24	316	-128,010	818	23	885	1,283	4	-94,006	94,665	417	-385
Adjustments to reconcile net income to cash flows provided by operating activities:
Depreciation
1,955	1,879	1,798	1,829	1,838	1,771	1,677	1,723	1,735	1,776	1,746	1,740	1,739	1,809	1,757	1,793	1,778	1,922	1,913	1,929	1,914	2,148	2,112	2,338	2,343	2,484	2,397	2,389	2,380	2,554	2,466	2,746	2,728	3,140	2,921	2,306	3,522	-10,150,386	10,157,323	3,327	3,572
Amortization
67	-	-	-	79	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization
-	-	-	-	-	-	-	84	84	-	88	101	101	142	225	259	259	262	268	335	335	362	369	469	442	442	447	907	1,186	1,704	2,147	3,135	1,794	1,916	2,022	2,201	2,201	-7,518,843	7,523,656	2,508	2,511
Amortization of loan costs
128	110	112	113	117	122	115	118	121	3,896	306	311	310	468	320	321	288	215	218	222	225	229	232	236	239	244	252	233	342	342	341	342	342	341	342	342	342	-1,017,964	1,018,648	339	337
Non-cash lease amortization
104	99	73	1	92	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt prepayment penalty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-155	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of notes payable premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-31	-30	-29	-28	-27	-27	-26	-25	-24	68,312	-68,175	-22	-22
Change in fair value of derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	241	588	654	1,492	-506	-1,422,160	1,420,219	176	886
Provision for uncollectible accounts receivable
53	51	83	37	43	270	120	78	85	67	84	128	78	77	152	80	39	92	175	108	67	116	133	124	103	114	182	85	37	268	150	79	122	369	223	259	62	-179,492	179,568	-11	77
Stock-based compensation
52	81	59	43	71	101	56	80	71	71	71	71	95	104	112	58	141	79	72	50	161	260	142	241	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment in kind interest - subordinated debt
-	-	-	-	-	-	-	-	-	29	80	80	77	79	79	78	37	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities
Accounts receivable
16	-2	112	-101	187	-591	334	627	-257	243	262	-72	-117	-190	309	41	-156	-566	576	284	-283	286	-396	-180	418	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-387	-486	-1,895	54	209	777	-864	-64	875	993	-215	-	-	-381	365
Materials and supplies
-129	-296	757	-143	834	29	-53	-183	309	-147	314	-65	414	-48	153	15	158	-91	-139	-179	400	100	173	-1	-11	-140	-20	-110	79	-155	60	-86	245	-355	93	150	-62	-205,986	205,859	61	-86
Prepaid expenses and other assets
-861	523	-60	326	71	48	-142	-205	-1,683	1,469	274	-487	-1,067	1,581	-235	-176	-1,070	1,041	157	-320	-1,756	1,510	288	-101	-211	18	-230	-717	885	462	290	-47	200	228	234	-566	220	-206,848	206,544	400	-26
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-389,875	389,096	0	389
Accounts payable and accrued expenses
217	-1,742	1,123	240	380	-996	1,749	-466	-324	-238	563	-437	327	-832	437	-111	328	-439	-239	582	323	-948	-142	539	17	-146	-2,280	1,752	1,008	4,314	672	3,120	1,046	-1,405	1,249	-1,165	-102	140,599	-141,898	-171	-187
Advance billings and payments
-87	175	-57	-98	-93	20	-24	-111	-88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advance billings and payments
-	-	-	-	-	-	-	-	-	-	87	25	470	-	-10	-21	-46	-14	-4	-17	-10	0	-33	-4	-30	-51	-26	-48	-66	-20	-46	-14	222	24	-50	-64	-25	59,747	-59,800	-77	18
Other liabilities
-112	-88	-86	-10	-86	-	-	-	1	-14	10	-9	-4	-1	9	-8	-6	-114	10	-10	-3	23	-7	-14	-12	-20	8	-17	-322	27	-65	193	67	-41	46	-9	2	-69,194	69,399	-12	10
Net cash from operating activities
5,569	3,762	4,190	3,868	3,630	5,300	5,975	4,173	5,312	4,447	3,774	4,170	5,571	4,974	3,979	3,893	5,791	5,489	3,669	5,069	6,786	3,053	5,250	5,519	4,300	5,664	2,453	6,842	3,691	8,615	5,621	8,203	7,291	4,169	5,756	4,183	5,420	-19,407,876	19,420,273	6,553	7,461
Cash flows used in investing activities:
Acquisition and construction of property and equipment
3,250	4,846	3,157	2,904	1,533	2,273	2,412	2,123	1,175	2,559	2,193	2,488	1,270	2,768	1,896	1,509	706	2,044	1,555	1,528	1,485	1,524	1,578	1,498	1,415	3,096	1,551	783	799	2,961	851	1,241	1,303	2,099	2,097	9,193	-2,842	-6,433,733	6,448,046	-5,840	1,753
Proceeds from the sale of property
133	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on the sale of property
118	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Reliable Networks, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-3,235	-4,850	-3,157	-2,904	-1,533	-2,284	-2,412	-2,123	-1,175	-2,560	-2,193	-2,488	-1,270	-2,769	-1,896	-1,509	-706	-2,044	-1,555	-1,528	-1,485	-1,525	-1,578	-1,440	-1,915	-3,096	-1,551	-783	-799	-2,962	-851	-1,241	-1,303	-7,111	-2,097	-9,193	2,842	6,434,772	-6,449,088	5,841	-1,753
Cash flows used in financing activities:
Loan origination costs
212	0	2	0	10	27	0	0	37	2,067	0	77	0	0	27	34	5,181	491	10	15	0	-	-	-	-	0	6	532	1,115	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-2,330	-2,330	-2,330	-2,330	-2,330	6,885,593	-6,890,254	-2,330	-2,234
Principal repayment of long-term notes payable
1,087	1,088	1,087	1,088	1,087	2,088	4,087	4,088	1,087	89,802	4,000	1,000	4,125	1,000	999	1,001	100,052	1,963	3,074	4,380	2,666	2,258	2,667	6,131	5,442	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from loan refinancing
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	100,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest rate cap
-	0	0	0	-4	-36	-6	12	34	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CoBank equity account retirement
-	-	-	-	-	0	0	0	119	0	0	0	164	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax withholdings paid on behalf of employees for restricted stock units
20	9	0	0	183	0	0	0	380	0	0	0	209	0	0	0	109	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan origination costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	-	-	-	-	-	-	-	-
Net cash used in financing activities
-1,319	-1,097	-1,089	-1,088	-1,276	-2,079	-4,081	-4,100	-1,419	-7,172	-4,000	-1,077	-4,170	-1,000	-1,026	-1,035	-5,042	-2,454	-3,084	-4,395	-2,666	-2,258	-2,667	-6,131	-5,442	-3,002	-1,672	-29,232	-1,115	-321	-568	-20	-2,339	-2,425	-2,330	-2,716	-2,330	7,228,343	-7,239,118	-2,679	-2,234
Net increase in cash and cash equivalents
1,015	-2,185	-56	-124	821	937	-518	-2,050	2,718	-5,285	-2,419	605	131	1,205	1,057	1,349	43	991	-970	-854	2,635	-730	1,005	-2,052	-3,057	-434	-770	-23,173	1,777	5,332	4,201	6,941	3,648	-5,367	1,328	-2,040	247	-5,744,760	5,740,243	1,538	3,473
Supplemental disclosures of cash flow information:
Interest paid
1,054	1,117	1,230	1,249	1,238	1,354	1,328	1,364	1,337	2,633	2,198	2,209	2,247	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,337	2,350	1,378	-	1,731	1,769	1,822	1,897	1,934	2,008	2,085	2,186	3,009	1,561	1,825	1,837	2,198	5,039	5,820	6,488	5,906	5,827	5,908	-17,321,861	17,333,810	5,966	5,569
Income taxes paid (refunded)
-	-	-	-	-	61	-998	1,435	-1,000	0	1,110	681	11	726	512	1,125	-440	688	1,715	9	2	814	105	283	333	85	19	108	36	0	11	40	25	-74	7	35	122	197,268	-197,244	37	-326
Conversion of Class B common stock to Class A common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of Class A common stock
-	-	-	-	-	-	-	-	-	0	0	0	1	0	0	0	1	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-