| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||||||||||||||||||||||||||||
Net income | ||||||||||||||||||||||||||||||||||||
662,336 | -514,039 | -165,857 | -388,105 | 623,644 | -144,781 | -542,301 | -977,954 | -238,305 | -381,937 | -319,103 | -519,665 | 523,793 | 272,291 | 134,478 | -988,164 | -43,660 | -206,117 | -289,001 | -845,996 | 116,447 | 998,323 | 165,962 | -288,766 | -150,950 | 502,830 | 292,704 | -213,745 | 194,801 | 436,512 | 287,496 | 102,577 | 532,384 | 320,358 | 49,158 | 68,841 | 609,800 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||||||||||||||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||||||||||||||||||
143,789 | 146,008 | 144,974 | 147,949 | 144,893 | 209,248 | 197,764 | 201,796 | 201,634 | 246,501 | 218,364 | 217,630 | 217,631 | 249,268 | 236,348 | 248,523 | 249,892 | 244,532 | 244,255 | 258,927 | 255,382 | 236,147 | 239,652 | 243,865 | 242,067 | 273,971 | 240,041 | 221,093 | 217,555 | 229,886 | 237,332 | 246,438 | 240,454 | 261,747 | 254,666 | 298,030 | 294,645 |
Stock-based compensation | ||||||||||||||||||||||||||||||||||||
- | 5,306 | 5,306 | 5,306 | 5,306 | 1,023 | 7,535 | 7,534 | 7,535 | 8,444 | 8,444 | 8,444 | 8,444 | 8,259 | 16,971 | 16,970 | 18,142 | 17,083 | 17,083 | 19,315 | 9,583 | 10,192 | 12,060 | 12,059 | 12,059 | 9,474 | 10,034 | 10,576 | 11,661 | 11,554 | 11,927 | 25,707 | 53,277 | 31,587 | 45,942 | 45,942 | 45,942 |
Non-cash life insurance policy reduction (accretion) | ||||||||||||||||||||||||||||||||||||
- | - | - | - | - | 0 | -1,167 | -25,779 | 6,617 | 30,134 | 30,136 | 30,135 | 30,135 | 30,018 | 29,244 | 29,244 | 29,244 | 25,072 | 25,072 | 25,072 | 25,072 | 25,684 | 22,083 | 22,082 | 22,083 | - | - | - | - | - | - | - | - | - | - | - | - |
Non-cash other revenue | ||||||||||||||||||||||||||||||||||||
- | 86,433 | 86,433 | 86,433 | 86,433 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Non-cash miscellaneous loss | ||||||||||||||||||||||||||||||||||||
- | 0 | 0 | 0 | 24,618 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
(Gain) loss on sale of property, plant and equipment | ||||||||||||||||||||||||||||||||||||
- | 0 | 0 | 0 | 434,549 | 3,271 | -6,804 | -962 | 3,800 | -62 | -2,455 | 11,361 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 514,000 | -16,000 | 5,000 | 5,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 13,000 | 34,000 | -20,000 | 181,000 | -27,000 | -80,000 | 18,000 | -473,000 | -31,000 | -79,000 | -32,000 | -189,371 | 155,371 | -60,000 | -43,000 | -96,338 | 227,315 | 1,000 | -36,000 | 34,000 | -31,000 | -19,000 | -62,000 |
Foreign currency transaction (gain) loss | ||||||||||||||||||||||||||||||||||||
-87,162 | 7,492 | -17,793 | 4,776 | -5,925 | 41,560 | -9,177 | 535 | -341 | -8,640 | -5,885 | -949 | 36,133 | -43,468 | 28,798 | 62,240 | 100,053 | -11,319 | 6,606 | 40,533 | -145,311 | -80,804 | -75,769 | 48,171 | -28,597 | -74,321 | 47,912 | -79,517 | -20,262 | -13,666 | 49,206 | -37,453 | 23,052 | 13,816 | -32,219 | -28,910 | 17,945 |
(Increase) decrease in trade, accounts & notes receivable, and deposits from related parties | ||||||||||||||||||||||||||||||||||||
104,389 | -167,654 | 97,459 | -124,971 | 839,989 | 82,240 | 115,081 | 75,378 | 104,767 | -6,037 | -57,867 | -179,219 | 138,452 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
(Increase) decrease in accounts receivable and accounts due from employees and distributors | ||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | -9,469 | -4,531 | -67,571 | 6,391 | 23,716 | -94,822 | -92,150 | 20,986 | 66,858 | 32,282 | -3,062 | -116,214 | 82,288 | 33,299 | -83,621 | -68,422 | -319,804 | 292,401 | -19,509 | 59,662 | -46,503 | 94,549 | -67,452 |
(Increase) decrease in inventories | ||||||||||||||||||||||||||||||||||||
189,667 | 247,014 | -332,097 | -53,427 | -705,371 | 57,306 | 384,490 | -22,184 | -393,576 | -328,854 | 425,418 | 156,740 | -268,776 | 330,622 | -277,446 | -273,971 | -316,870 | -447,144 | 260,825 | 197,713 | 127,096 | 156,152 | -177,111 | -466,348 | 563,699 | 138,945 | -545,887 | 272,135 | 138,307 | -102,978 | 399,342 | 28,194 | 143,739 | -478,389 | -740,894 | 195,385 | 124,077 |
(Increase) decrease in refundable income taxes | ||||||||||||||||||||||||||||||||||||
223,097 | -2,557 | -1,044 | 5,213 | -1,918 | 7,213 | 243 | -7,166 | 3,550 | -21,112 | 19,016 | -39,062 | -29,454 | -427,252 | 55,627 | -58,407 | 4,933 | 49,865 | 132,232 | 213,124 | -130,978 | 23,314 | -42,274 | 240,636 | 35,857 | -34,652 | 10,311 | 23,822 | -10,632 | -237,347 | 250,639 | 0 | -96,387 | 16,731 | 149,826 | -70,186 | -62,324 |
(Increase) decrease in prepaid expenses and other current assets | ||||||||||||||||||||||||||||||||||||
364,638 | -188,115 | -250,424 | 44,869 | 251,056 | -136,183 | -62,128 | -45,923 | 320,175 | -128,469 | -321,479 | -10,618 | 353,515 | -137,445 | -270,047 | -264,303 | 605,781 | -219,284 | -137,365 | -48,094 | 308,882 | -218,467 | -267,254 | -24,144 | 481,735 | -301,754 | -394,737 | -19,895 | 739,779 | -127,927 | -199,508 | -98,873 | 499,481 | -126,499 | 583,530 | -983,512 | 617,008 |
(Increase) decrease in other assets | ||||||||||||||||||||||||||||||||||||
- | - | 7,321 | 19,126 | 49,681 | - | 62,354 | -5,104 | 6,052 | 1,906 | 5,289 | 23,001 | 1,906 | 15,756 | 16,020 | 6,857 | -18,697 | 12,471 | -49,707 | 15,827 | 10,633 | 6,658 | -14,175 | 18,440 | 7,236 | 41,677 | 4,728 | 7,659 | 17,684 | 5,342 | 12,064 | -22,731 | 25,886 | -2,641 | -44,488 | -13,655 | 14,619 |
Increase (decrease) in income taxes payable | ||||||||||||||||||||||||||||||||||||
40,411 | 71,510 | -4,825 | -26,374 | 42,522 | 36,620 | 1,219 | -25,594 | 18,664 | -14,334 | 26,950 | 0 | 0 | - | - | - | - | - | - | - | - | 0 | 0 | 0 | -199,558 | 199,558 | 0 | -155,809 | 155,809 | - | - | -281,122 | 287,467 | - | - | -293,250 | 293,250 |
Increase (decrease) in accounts payable & accrued expenses, deferred revenue, and other noncurrent liabilities | ||||||||||||||||||||||||||||||||||||
1,209,504 | -771,530 | 280,761 | -273,876 | -19,235 | -430,060 | 225,044 | 6,994 | 561,297 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Increase (decrease) in accounts payable & accrued expenses and other noncurrent liabilities | ||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | -758,823 | 88,787 | 37,429 | - | -516,300 | -87,202 | 856,514 | -516,160 | -679,865 | -256,380 | 849,385 | -510,331 | -387,597 | 162,727 | -178,684 | 23,051 | 205,185 | -572,812 | 853,337 | 159,884 | -444,012 | -357,014 | 1,267,820 | -744,416 | -305,706 | -1,139,204 | 1,797,517 |
Net cash provided by (used in) operating activities | ||||||||||||||||||||||||||||||||||||
1,261,411 | -969,230 | 670,504 | -517,119 | -126,746 | -320,055 | -593,631 | -756,019 | 499,781 | 436,353 | -932,341 | -191,193 | 530,386 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,411,496 | -288,546 | -423,952 | 1,769,140 | 545,596 | 468,720 | -557,224 | 2,335,281 |
Investing activities: | ||||||||||||||||||||||||||||||||||||
Proceeds from sale of property, plant, and equipment | ||||||||||||||||||||||||||||||||||||
- | - | - | - | - | 3,252 | 1,382 | 0 | 3,888 | 142 | 1,101 | 11,900 | 0 | - | - | - | - | 100 | 1,399 | 125 | 5,657 | -14 | 0 | 1,113 | 87 | 3,231 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash provided by operating activities | ||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -273,002 | 724,015 | 304,286 | -995,907 | -1,253,487 | 1,145,553 | 327,808 | 486,719 | 179,766 | -1,386,017 | 1,222,739 | 1,698,720 | -1,008,200 | 608,908 | - | - | - | - | - | - | - | - |
Purchase of property, plant and equipment | ||||||||||||||||||||||||||||||||||||
9,207 | 14,316 | 34,277 | 11,290 | 38,890 | 84,643 | 39,732 | 41,585 | 15,383 | 69,326 | 26,173 | 142,360 | 261,550 | 155,217 | 3,837 | 4,944 | 9,905 | 25,565 | 36,695 | 60,463 | 127,561 | 398,176 | 377,435 | 79,961 | 53,831 | 79,290 | 172,493 | 69,340 | 61,457 | 134,206 | 199,255 | 130,066 | 61,457 | 173,170 | 49,300 | 103,952 | 87,748 |
Purchase of note and mortgage secured by underlying property | ||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 2,000,000 | 0 | 0 | 0 | 0 |
Payments received on notes receivables - related parties | ||||||||||||||||||||||||||||||||||||
31,928 | 31,454 | 21,019 | 60,293 | 49,691 | 29,626 | 29,187 | 28,753 | 28,326 | 27,906 | 27,491 | 27,083 | 26,680 | 26,284 | 25,895 | 25,508 | 25,131 | 24,757 | 24,390 | 24,027 | 23,671 | 23,319 | 22,973 | 22,632 | 22,295 | 21,964 | 21,638 | 21,317 | 14,035 | 0 | 0 | 0 | 0 | - | - | - | - |
Net cash provided by investing activities | ||||||||||||||||||||||||||||||||||||
22,721 | 17,138 | -13,258 | 49,003 | 10,801 | -51,765 | 3,057,030 | -12,832 | 16,831 | -41,278 | 2,419 | -103,377 | -234,870 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -135,842 | -199,255 | -130,066 | -2,320,578 | -186,585 | -49,300 | -103,952 | -339,998 |
Financing activities: | ||||||||||||||||||||||||||||||||||||
Payment of life insurance premiums | ||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 252,250 | -7,476 | 0 | 0 | 259,726 | 41,546 | 0 | 0 | 259,121 | 27,152 | 0 | 0 | 252,250 |
Net cash provided by (used in) investing activities | ||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,564 | 15,226 | -708 | -10,906 | -36,311 | -98,233 | -374,871 | -354,462 | -56,216 | -283,699 | -46,619 | -1,300,855 | -48,023 | -307,148 | - | - | - | - | - | - | - | - |
Proceeds from line of credit borrowings | ||||||||||||||||||||||||||||||||||||
- | 0 | 0 | 0 | 500,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Principal payments on long-term borrowings | ||||||||||||||||||||||||||||||||||||
- | - | - | - | - | 0 | 2,855,861 | 81,240 | 108,320 | 81,240 | 54,160 | 114,593 | 113,743 | 112,906 | 615,610 | 145,233 | 143,618 | 148,009 | 3,085,840 | 124,356 | 124,356 | 124,358 | 274,352 | 124,357 | 110,190 | 102,655 | 135,583 | 179,551 | 212,457 | 244,151 | 176,953 | 144,563 | 144,118 | 143,679 | 142,572 | 140,104 | 140,240 |
Purchase of stock for treasury | ||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,707 | 22,482 | 36,919 | 9,985 | 39,839 | 25,622 | 54,917 | 0 |
Net cash provided by financing activities | ||||||||||||||||||||||||||||||||||||
- | 0 | 0 | 0 | 500,000 | 0 | -2,855,861 | -81,240 | -108,320 | 418,760 | -54,160 | -114,593 | -113,743 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -371,127 | -199,435 | -431,765 | -154,103 | -307,531 | -168,194 | -568,593 | -140,240 |
Net cash used in financing activities | ||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -145,233 | -143,618 | -148,009 | -336,339 | -124,356 | -124,356 | -124,358 | 225,648 | -124,357 | -110,190 | -215,762 | 1,014,996 | -437,295 | -212,457 | - | - | - | - | - | - | - | - |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | -14,848 | -30,099 | 35,610 | -52,271 | 4,818 | 65,630 | -66,533 | -17,786 | -108,627 | 47,600 | 5,636 | - | - | - | - | - | - | - | - | - | - | - | - |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||||||||||||||||||||||||||
-86,272 | 42,092 | -35,188 | 5,750 | 7,058 | -11,043 | 1,211 | -62,661 | -4,240 | -6,458 | 565 | 28,798 | 40,703 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -25,060 | -4,568 | 82,303 | -98,636 | 121,763 | -17,938 | -125,604 | 12,700 | 46,037 |
Increase (decrease) in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||
1,197,860 | -910,000 | 622,058 | -462,366 | 391,113 | -382,863 | -391,251 | -912,752 | 404,052 | 807,377 | -983,517 | -380,365 | 222,476 | 436,809 | -295,718 | -427,770 | 631,233 | 103,298 | -1,338,334 | -1,348,524 | 856,431 | -189,207 | 249,278 | 46,793 | -1,774,270 | 912,605 | 1,488,230 | -1,609,322 | 64,243 | 899,959 | -604,933 | -1,084,419 | -583,778 | 33,542 | 125,622 | -1,217,069 | 1,901,080 |
Supplementary disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||