OTELCO INC. OTEL Cash Flow

Otelco inc. (OTEL)

CashFlow / TTM

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
7,733	7,796	8,053	8,561	9,752	9,467	14,612	13,874	12,503	12,115	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	7,099	-	6,580	6,117	5,770	5,029	3,887	3,972	112,312	109,144	109,322	108,166	-129,492	-126,900	-126,852	-126,283	3,010	2,197	-91,832	1,947	1,081	690	0	0	0
Adjustments to reconcile net income to cash flows provided by operating activities:
Depreciation
7,461	7,344	7,236	7,115	7,009	6,906	6,911	6,980	6,997	7,001	7,034	7,045	7,098	7,137	7,250	7,406	7,542	7,678	7,904	8,103	8,512	8,941	9,277	9,562	9,613	9,650	9,720	9,789	10,147	10,496	11,082	11,538	11,097	11,892	-10,141,635	12,766	13,787	13,837	0	0	0
Amortization
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization
-	-	-	-	-	-	-	0	359	-	432	569	727	885	1,005	1,048	1,124	1,200	1,300	1,401	1,535	1,642	1,722	1,800	2,238	2,982	4,244	5,944	8,172	8,781	8,993	8,867	7,933	8,341	-7,512,418	9,216	9,522	9,832	0	0	0
Amortization of loan costs
463	452	464	467	472	476	4,250	4,441	4,634	4,823	1,395	1,409	1,419	1,397	1,144	1,042	943	880	894	908	922	936	951	971	968	1,071	1,169	1,258	1,367	1,368	1,367	1,368	1,368	1,368	-1,016,938	1,368	1,365	1,361	0	0	0
Non-cash lease amortization
277	265	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt prepayment penalty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-155	-155	-155	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of notes payable premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-31	-61	-90	-119	-116	-113	-110	-107	-104	68,235	86	89	92	0	0	0
Change in fair value of derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	242	830	1,485	2,977	2,230	-1,420,519	-954	-2,270	-878	0	0	0
Provision for uncollectible accounts receivable
224	214	433	470	511	553	350	314	364	357	367	435	387	348	363	386	414	442	466	424	440	476	474	523	484	418	572	540	534	620	721	794	974	915	-178,947	397	127	141	0	0	0
Stock-based compensation
235	254	274	271	308	308	278	293	284	308	341	382	369	415	390	350	342	362	543	613	804	643	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment in kind interest - subordinated debt
-	-	-	-	-	-	-	-	-	266	316	315	313	273	194	115	37	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities
Accounts receivable
25	196	-393	-171	557	113	947	875	176	316	-117	-70	43	4	-372	-105	138	11	863	-109	-573	128	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,714	-2,117	-853	177	58	725	940	1,590	0	0	0	-	-	0	0
Materials and supplies
189	1,152	1,477	667	627	102	-74	293	411	516	615	454	534	278	235	-57	-251	-9	182	494	672	261	21	-172	-281	-191	-206	-125	-102	64	-136	-102	135	-173	-205,804	-39	-129	-152	0	0	0
Prepaid expenses and other assets
-72	860	385	303	-228	-1,982	-561	-145	-427	189	301	-208	103	100	-440	-48	-192	-878	-409	-278	-59	1,486	-6	-524	-1,140	-44	400	920	1,589	905	671	615	96	117	-206,960	-650	316	69	0	0	0
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-389	0	0	0
Accounts payable and accrued expenses
-162	1	747	1,373	667	-37	721	-465	-436	215	-379	-505	-179	-178	215	-461	232	227	-282	-185	-228	-534	268	-1,870	-657	334	4,794	7,746	9,115	9,154	3,434	4,011	-273	-1,423	140,581	-2,566	-1,571	-1,657	0	0	0
Advance billings and payments
-67	-73	-228	-195	-208	-203	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advance billings and payments
-	-	-	-	-	-	-	-	-	-	0	0	1,944	-	-91	-85	-81	-45	-31	-60	-47	-67	-118	-111	-155	-191	-160	-180	-146	142	186	181	131	-117	59,606	-143	-156	-111	0	0	0
Other liabilities
-296	-270	0	0	0	-	-	-	-12	-17	-4	-5	-4	-6	-119	-118	-120	-117	20	3	-1	-10	-53	-38	-41	-351	-304	-377	-167	222	153	265	62	-2	-69,154	197	195	202	0	0	0
Net cash from operating activities
17,389	15,450	16,988	18,773	19,078	20,760	19,907	17,706	17,703	17,962	18,489	18,694	18,417	18,637	19,152	18,842	20,018	21,013	18,577	20,158	20,608	18,122	20,733	17,936	19,259	18,650	21,601	24,769	26,130	29,731	25,285	25,420	21,400	19,530	-19,392,516	22,001	24,370	26,411	0	0	0
Cash flows used in investing activities:
Acquisition and construction of property and equipment
14,157	12,440	9,867	9,122	8,341	7,983	8,269	8,050	8,415	8,510	8,719	8,422	7,443	6,879	6,155	5,814	5,833	6,612	6,092	6,115	6,085	6,015	7,587	7,560	6,845	6,229	6,094	5,394	5,852	6,357	5,495	6,741	14,693	10,548	-6,425,285	20,663	5,629	10,225	0	0	0
Proceeds from the sale of property
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on the sale of property
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Reliable Networks, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-14,146	-12,444	-9,878	-9,133	-8,352	-7,994	-8,270	-8,051	-8,416	-8,511	-8,720	-8,423	-7,444	-6,880	-6,155	-5,814	-5,833	-6,612	-6,093	-6,116	-6,028	-6,458	-8,029	-8,002	-7,345	-6,229	-6,095	-5,395	-5,853	-6,358	-10,507	-11,753	-19,705	-15,560	6,426,324	-20,666	-5,631	-10,227	0	0	0
Cash flows used in financing activities:
Loan origination costs
214	12	39	37	37	64	2,104	2,104	2,181	2,144	77	104	61	5,242	5,733	5,716	5,697	516	0	0	0	-	-	-	-	1,653	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,660	-6,990	-9,320	-9,321	6,878,603	-9,321	-9,321	-9,225	0	0	0
Principal repayment of long-term notes payable
4,350	4,350	5,350	8,350	11,350	11,350	99,064	98,977	95,889	98,927	10,125	7,124	7,125	103,052	104,015	106,090	109,469	12,083	12,378	11,971	13,722	16,498	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from loan refinancing
-	-	-	-	-	-	-	-	-	-	-	-	-	100,300	100,300	100,300	100,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest rate cap
-	-4	-40	-46	-34	4	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CoBank equity account retirement
-	-	-	-	-	119	119	119	119	164	0	0	164	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax withholdings paid on behalf of employees for restricted stock units
29	192	183	183	183	380	380	380	380	209	209	209	209	109	109	109	109	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan origination costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
-4,593	-4,550	-5,532	-8,524	-11,536	-11,679	-16,772	-16,691	-13,668	-16,419	-10,247	-7,273	-7,231	-8,103	-9,557	-11,615	-14,975	-12,599	-12,403	-11,986	-13,722	-16,498	-17,242	-16,247	-39,348	-35,021	-32,340	-31,236	-2,025	-3,250	-5,354	-7,115	-9,811	-9,802	7,220,966	-15,821	-15,784	-15,688	0	0	0
Net increase in cash and cash equivalents
-1,350	-1,544	1,578	1,116	-810	1,087	-5,135	-7,036	-4,381	-6,968	-478	2,998	3,742	3,654	3,440	1,413	-790	1,802	81	2,056	858	-4,834	-4,538	-6,313	-27,434	-22,600	-16,834	-11,862	18,251	20,123	9,423	6,550	-2,431	-5,832	-5,745,225	-6,310	-2,731	495	0	0	0
Supplemental disclosures of cash flow information:
Interest paid
4,650	4,834	5,071	5,169	5,284	5,383	6,662	7,532	8,377	9,287	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	6,572	-	7,219	7,422	7,661	7,924	8,213	9,288	8,841	8,581	8,232	7,421	10,900	14,896	19,547	23,256	24,043	24,131	-17,304,219	23,684	23,823	23,484	0	0	0
Income taxes paid (refunded)
-	-	-	-	-	-502	-563	1,545	791	1,802	2,528	1,930	2,374	1,923	1,885	3,088	1,972	2,414	2,540	930	1,204	1,535	806	720	545	248	163	155	87	77	2	-1	-6	91	197,433	181	184	-265	0	0	0
Conversion of Class B common stock to Class A common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	2	2	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of Class A common stock
-	-	-	-	-	-	-	-	-	1	1	1	1	1	2	2	2	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-