Pioneer power solutions, inc. (PPSI)
CashFlow / TTM
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
Operating activities
Net (loss) income

-10,007

-1,439

4,265

-2,669

557

-5,664

-11,136

-11,987

-9,908

-9,225

-1,549

-434

-1,523

-1,063

-203

-4,076

-5,087

-5,881

-7,535

-2,202

-1,083

-268

4,761

3,987

4,947

5,270

4,390

3,607

3,147

2,990

2,280

310

-267

-60

0

0

0

Depreciation

460

607

873

1,019

1,117

1,222

1,227

1,271

1,288

1,285

1,291

1,355

1,361

1,341

1,295

1,250

1,279

1,342

1,377

1,325

1,308

1,283

1,303

1,312

1,262

1,225

1,222

1,243

1,242

1,251

1,172

1,087

965

834

0

0

0

Amortization of intangible assets

-

150

497

817

1,131

1,460

1,486

1,695

1,743

1,774

1,827

1,697

1,706

1,746

1,825

1,825

1,837

1,817

1,380

1,028

673

318

356

347

338

330

284

284

285

285

292

288

270

252

0

0

0

Amortization of right-of-use assets

686

680

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of right-of-use assets

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of right-of-use assets

-

-

-

-

-

-

-

-

-

535

478

416

323

235

189

139

133

128

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance cost

-

43

36

36

62

75

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income on notes receivable

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax expense

-

1,245

-233

168

1,441

-329

1,602

1,739

1,934

2,201

-426

-625

-343

-405

-107

-1,722

-2,614

-3,121

-1,327

4

203

461

-2,347

-1,798

-1,516

-1,474

-153

-82

-189

-153

-846

-563

-569

-524

0

0

0

Change in receivable reserves

3,196

3,093

2,864

8

-268

-350

-188

-145

39

239

155

134

176

352

432

355

353

170

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in inventory reserves

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in inventory reserves

-

-

-

-

-

-

-

0

0

-

-

-

-338

-86

-303

190

235

26

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory write-off from flood damage

-

-

-

-

-

-

-

-

-

2,642

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of subsidiaries

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in long term payables

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in insurance receivable

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss (gain) on investments

-7,234

-2,750

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued pension

-

-

-

-

-93

-55

10

18

16

-8

-9

-46

-41

-53

-225

-183

-171

-127

253

217

165

51

-604

-668

-615

-589

-99

-59

-49

9

-42

39

-9

0

0

0

0

Stock-based compensation

9

12

15

26

22

165

307

441

584

466

347

227

38

62

91

120

225

231

237

243

250

226

239

209

186

228

220

256

283

270

266

261

258

254

0

0

0

Other

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-49

-3,675

-1,864

-1,864

-1,815

0

0

0

Foreign currency remeasurement loss

0

-

-

-

-

-42

-98

-41

-8

27

49

18

-25

7

-303

-48

-136

32

448

373

337

255

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in current operating assets and liabilities:
Accounts receivable

-3,016

-1,855

-1,024

1,945

2,468

1,373

-3,573

-1,705

-1,683

-2,594

806

-819

1,333

3,560

3,200

4,615

222

2,377

-67

1,945

1,708

1,322

2,551

1,922

982

-460

611

-483

2,873

2,288

5,176

2,686

3,259

381

0

0

0

Inventories

775

1,145

159

-1,425

1,059

2,118

3,855

2,499

-346

1,975

1,467

4,490

9,087

8,244

10,981

11,062

7,526

4,866

1,562

859

725

1,634

1,861

1,036

-998

-1,912

-1,759

-1,161

61

1,000

7,513

6,334

6,338

3,775

0

0

0

Prepaid expenses and other assets

132

250

-209

-685

-78

708

841

1,453

1,470

256

-301

258

-751

153

892

625

656

175

-121

78

302

251

182

15

114

571

722

1,029

959

658

1,126

639

167

-88

0

0

0

Income taxes

334

827

1,309

460

-82

-93

-592

-1,110

-361

-923

481

1,351

953

1,660

-517

-352

-422

-285

-1,171

-691

-490

-1,318

976

126

-38

-33

585

570

340

1,137

517

1,247

1,495

1,120

0

0

0

Accounts payable and accrued liabilities

-1,791

-3

3,085

6,689

6,391

8,323

5,754

2,027

1,157

790

-1,136

5,778

3,318

-1,467

1,973

956

1,349

6,256

682

1,037

2,183

1,282

604

636

-2,169

-4,002

606

-1,786

1,730

585

462

2,246

-442

2,316

0

0

0

Customer deposits and deferred revenue

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations assets and liabilities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-69

-131

-309

-345

-341

0

0

0

Net cash (used in)/provided by operating activities

-7,480

-5,573

-457

5,175

1,968

2,153

2,431

-2,194

1,696

1,700

-762

4,855

-3,648

-9,458

-9,752

-14,744

-8,218

-3,963

-4,072

-898

1,750

95

1,098

1,729

2,668

3,218

7,330

4,634

2,813

2,408

50

43

614

1,598

0

0

0

Investing activities
Additions to property, plant and equipment

-

153

368

523

493

589

574

767

1,106

1,450

1,437

1,222

1,010

668

732

774

970

1,052

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of fixed assets

-

-

-

-

-

-

-

-

-

22

63

55

50

50

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Business acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,106

0

0

0

-

-

-

-

1,601

0

0

0

-

-

-

-

-

-

-

-

Note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206

0

0

0

-

-

-

-

300

0

0

0

-

-

0

0

Net cash used in investing activities

39,826

39,770

42,319

239

269

173

-572

-757

-1,089

-1,428

-1,374

-1,167

-960

-618

-834

-2,935

-3,221

-3,401

-4,146

-2,050

-1,819

-1,813

-925

-2,477

-2,831

-4,324

-4,627

-3,034

-3,781

-2,369

-2,394

-10,790

-9,778

-9,491

0

0

0

Financing activities
Bank overdrafts

-350

-1,439

-2,571

-746

-435

699

1,370

2,047

20

-61

368

-2,939

-1,521

-716

-159

2,360

1,243

1,923

0

0

0

-

-

-384

461

-1

0

0

0

-

-170

-908

538

-531

0

0

0

Short term borrowings

-

-

-

-

-1,600

-5,430

-2,168

9,063

-424

1,457

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowing under debt agreement

-

15,329

24,232

46,391

34,511

40,599

40,258

23,797

40,436

40,481

37,900

34,191

35,158

36,394

40,040

48,688

42,633

36,365

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in revolving credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,139

200

-4,980

-6,133

-4,312

-5,207

-155

668

-1,092

2,597

1,417

2,895

3,034

0

0

0

Increase in long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Repayment of debt

-

-

-

-

-

-

-

31,272

39,436

40,993

35,342

35,151

32,077

29,441

34,027

39,452

36,994

38,261

31,166

19,396

13,537

3,881

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Payment of debt issuance cost

-

-

-

-

-

18

-72

11

3

61

182

216

300

251

241

134

64

61

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal repayments of financing leases

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of financing obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

2,447

1,096

4,428

4,487

3,786

0

0

0

Net proceeds from the exercise of options for common stock

-

-

-

-

-

-

-

-

-

120

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal repayments of financing leases

-

-

-

-

-

-

-

351

343

301

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-25,868

-26,230

-30,040

-5,853

-3,336

-3,412

-1,826

3,334

311

642

2,974

-6,299

5,046

9,959

11,347

21,086

11,523

4,519

8,575

4,101

1,166

5,723

-2,428

10

-8

1,223

137

-1,088

1,134

-1,043

2,714

-3,076

8,984

8,755

0

0

0

(Decrease) increase in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of foreign exchange on cash and cash equivalents

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents
Increase in cash and cash equivalents

-

-

-

-

-

-

-

-

918

914

838

-2,611

438

-117

761

3,407

84

-2,845

357

1,153

1,097

4,005

-2,255

-738

-172

117

2,840

512

167

-1,004

370

-13,823

-180

862

0

0

0

Effect of foreign exchange on cash and cash equivalents

-

-

-

-

-

-

-324

-410

-885

-942

-725

-499

-362

-285

76

45

75

-339

-1,039

-1,211

-1,097

-598

-353

-26

-24

-159

367

160

29

73

-911

-124

40

20

0

0

0

Supplemental cash flow information:
Interest paid

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid, net of refunds

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing and financing activities:
Forgiveness of indebtedness due to purchaser

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

609

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-