Perma fix environmental services inc (PESI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income (loss)

2,191

-1,741

-4,130

-13,993

-1,927

-1,304

-36,039

-3,179

8,090

3,963

9,622

Less: loss on discontinued operations, net of taxes (Note 9)

-

-

-

-

-1,864

1,688

-1,568

-

-

-

-

Loss from discontinued operations (net of taxes of $0)

-541

-667

-592

-730

-

-

-

30

-1,691

919

65

Income (loss) from continuing operations, net of taxes

2,732

-1,074

-3,538

-13,263

-63

-2,992

-34,471

-3,149

6,399

4,882

9,687

Adjustments to reconcile income (loss) from continuing operations to cash provided by operating activities :
Depreciation and amortization

1,342

1,455

3,803

4,165

3,717

4,240

4,126

5,470

4,816

4,530

4,321

Interest on finance lease with purchase option

3

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance/debt discount costs

208

35

-

173

221

86

36

12

141

333

216

Amortization of fair value of customer contracts

-

-

-

-

-

-

-1,298

-3,667

-262

0

-

Amortization of debt issuance costs

-

-

36

-

-

-

-

-

-

-

-

Deferred tax expense

4

-1,108

-668

-3,062

418

539

-639

-234

1,943

208

-2,490

(Recovery of) provision for bad debt reserves

386

66

462

-314

-

-

-

-

-

-

-

Recovery of bad debt reserves

-

-

-

-

-433

291

-304

124

83

59

343

Recovery of bad debt reserves

-

-

-

-

-

-

-304

124

83

59

343

Goodwill, Impairment Loss

-

-

-

-

-

380

27,856

-

-

-

-

Loss on disposal of plant, property, and equipment

-3

46

12

-2

80

41

-49

-

-

-

-

Gain on exchange offer of Series B Preferred Stock of subsidiary (Note 8)

-

1,659

-

-

-

-

-

-

-

-

-

Impairment loss on tangible assets

-

-

672

1,816

0

-

-

-

-

-

-

Impairment loss on intangible assets

-

-

-

8,288

0

-

-

-

-

-

-

Loss on sale of SYA subsidiary (see Note 8)

-

-

-

-

-

-53

-

-

-

-

-

Issuance of common stock for services

241

249

225

238

282

270

-

-

-

-

-

Restricted cash

-

-

-

-35

0

-

-

-

-

-

-

Stock-based compensation

179

198

-

-

-

-

-

-

-

-

-

Foreign exchange loss

-

-

-

-

-

-

-

1

-3

0

0

Impairment of goodwill

-

-

-

-

-

-

-

0

-

-

-

Loss on disposal of plant, property and equipment

-

-

-

-

-

-

-

-15

15

-138

7

Issuance of common stock for services

-

-

-

-

-

-

206

217

210

240

251

Stock-based compensation

-

-

144

98

92

34

125

191

345

343

713

Changes in operating assets and liabilities of continuing operations:
Accounts receivable

5,829

-139

-515

-1,070

968

713

-3,769

-5,929

-7,125

-3,215

683

Unbilled receivables

4,879

-1,626

-

-

-

-

-

-

-

-

-

Unbilled receivables

-

-

-1,589

-

-

-

-

-

-

-

-

Unbilled receivables

-

-

-

-2,134

-2,174

2,606

-3,448

-1,390

-1,697

-279

-4,623

Prepaid expenses, inventories and other assets

-923

-1,932

54

-2,870

-41

-1,149

-1,832

-2,845

-1,494

-1,789

-1,352

Accounts payable, accrued expenses and unearned revenue

-664

-765

-1,093

3,187

3,657

29

-

-

-

-

-

Accounts payable, accrued expenses and unearned revenue

-

-

-

-

-

-

6,431

11,631

-4

7,289

10,035

Cash provided by (used in) continuing operations

-4,023

2,578

1,089

1,063

1,744

661

-1,696

-2,487

23,977

8,727

8,291

Cash used in discontinued operations

-660

-618

-647

-959

-2,862

-2,093

-1,020

-922

-2,533

-344

154

Cash provided by (used in) operating activities

-4,683

1,960

442

104

-1,118

-1,432

-2,716

-3,409

21,444

8,383

8,445

Cash flows from investing activities:
Purchases of property and equipment

1,535

1,432

439

436

623

464

944

412

2,303

1,571

1,308

Proceeds from sale of plant, property, and equipment

2

47

30

44

127

133

-

121

25

11

7

Payment to finite risk sinking fund

-

-

-

-107

-

-

-

-

-

-

-

Release of proceeds previously held in escrow from sale of SYA subsidiary in 2014

-

-

-

-

50

1,214

-

-

-

-

-

Change in restricted cash, net

-

-

-

-

-

-

-

-1,500

0

0

-

Payment to finite risk sinking fund

-

-

-

-

46

27

-35

-1,918

-1,930

-1,944

-4,135

Non-controlling interest distribution

-

-

-

-

-

-

508

0

-

-

-

Payment of earn-out to Nuvotec shareholders

-

-

-

-

-

-

-

-

840

1,000

734

Cash used for acquisition consideration, net of cash acquired

-

-

-

-

-

-

-

-

15,628

0

0

Cash used in investing activities of continuing operations

-1,533

-1,385

-409

-499

-492

856

-1,487

-709

-20,676

-4,504

-6,170

Cash provided by investing activities of discontinued operations

121

67

69

84

0

5,727

-

-2

7,691

-544

-186

Cash used in investing activities

-1,412

-1,318

-340

-415

-492

6,583

-1,487

-711

-12,985

-5,048

-6,356

Cash flows from financing activities:
Repayments of revolving credit borrowings

59,651

54,075

48,966

56,522

65,265

66,644

-

-

-

-

-

Borrowing on revolving credit

59,333

54,714

45,163

57,976

67,614

66,644

-

-

-

-

-

Proceeds from issuance of common stock upon exercise of warrants

-

-

-

156

-

-

-

-

-

-

-

Proceeds from issuance of common stock upon exercise of options

-

-

-

-

10

7

-

-

1,000

509

631

Release of proceeds for stock subscription for Perma-Fix Medical S.A. previously held in escrow

-

-

-

64

971

1,187

-

-

-

-

-

Proceeds from issuance of long-term debt

-

-

-

-

-

-

3,000

-

-

-

-

Proceeds from issuance of long-term debt

2,500

-

-

-

-

-

-

0

16,000

0

2,982

Proceeds from finance leases

405

-

-

-

-

-

-

-

-

-

-

Principal repayment of long term debt - related party

-

-

-

1,000

1,500

500

-

-

-

-

-

Payment of debt issuance costs

112

-

-

122

40

-

-

-

-

-

-

Proceeds from issuance of common stock upon exercise of option

133

36

-

-

-

-

-

-

-

-

-

Principal repayments of finance lease liabilities

272

36

-

-

-

-

-

-

-

-

-

Net borrowing of revolving credit

-

-

-

-

-

-

-

0

-2,019

-640

-3,857

Principal repayments of long term debt

1,344

1,219

1,219

1,508

2,320

2,463

2,796

3,532

11,329

3,117

2,584

Proceeds from finite risk financing

-

-

-

-

-

-

-

-

-

-

753

Cash provided by (used in) financing activities of continuing operations

992

-580

-

-956

-530

-1,769

204

-3,532

3,652

-3,248

-2,075

Principal repayment of long-term debt for discontinued operations

-

-

-

-

-

-35

-36

-35

-157

-52

-55

Cash (used in) provided by financing activities

-

-

-5,022

-

-

-1,804

168

-3,567

3,495

-3,300

-2,130

Effect of exchange rate changes on cash

19

-20

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

9

-5

-105

0

-

-

-

-

-

Increase (decrease) in cash and finite risk sinking fund (restricted cash)

-5,084

42

-4,911

-

-

-

-

-

-

-

-

Increase (decrease) in cash

-

-

-

-1,272

-2,245

3,347

-4,035

-7,687

11,954

35

-41

Supplemental disclosure:
Interest paid

422

248

318

424

903

607

714

922

707

893

4,188

Income taxes paid

245

160

58

41

116

41

110

479

2,051

492

349

Proceeds from stock subscription for Perma-Fix Medical S.A. held in escrow

-

-

-

-

67

0

-

-

-

-

-

Issuance of Common Stock for debt

-

-

-

-

-

-

200

0

-

-

-

Issuance of Common Stock for debt

-

-

-

-

-

-

-

-

-

-

476

Issuance of Warrants for debt

-

-

-

-

-

-

59

-

-

-

190

Purchase of equipment through capital lease obligation

-

-

-

-

-

-

71

-

-

-

-

Issuance of Warrants for debt

-

-

-

-

-

-

-

0

-

-

-

Purchase of equipment through capital lease obligation

-

-

-

-

-

-

-

0

-

-

-

Non-cash investing and financing activities:
Purchase of equipment through finance lease obligation

393

545

-

-

-

-

-

-

-

-

-

Common stock issued in exchange offer of Series B Preferred Stock of subsidiary (Note 8)

-

648

-

-

-

-

-

-

-

-

-

Equipment purchase subject to capital lease

-

-

196

0

-

-

-

-

-

-

-

Issuance of Common Stock with debt

263

-

-

-

-

-

-

-

-

-

-

Issuance of Warrant with debt

93

-

-

-

-

-

-

-

-

-

-

Long-term debt incurred for purchase of property and equipment

-

-

-

-

-

-

-

-

0

429

125

Note issued for earn-out to Nuvotec shareholders

-

-

-

-

-

-

-

-

0

1,322

0

Warrant extension for debt modification

-

-

-

-

-

-

-

-

36

0

0

Note issued in connection with settlement related to SEC acquisition, net (see Note 3)

-

-

-

-

-

-

-

-

1,270

0

-

Note issued for SEC acquisition

-

-

-

-

-

-

-

-

-

-

0

Amount held in escrow account in connection with SEC acquisition (see Note 3)

-

-

-

-

-

-

-

-

1,500

0

0