Rignet, inc. (RNET)
CashFlow / Quarterly
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
Cash flows from operating activities:
Net loss

-26,771

-437

-270

-6,126

-11,953

-49,691

-2,798

-4,299

-5,526

-5,807

-4,193

-4,210

-1,987

-3,726

-1,448

-4,856

-1,267

-10,959

-10,879

6,120

-942

1,997

5,930

5,748

2,308

5,447

2,407

4,915

3,775

3,493

3,173

2,861

2,494

2,053

5,475

2,201

23

Adjustments to reconcile net loss to net cash provided by operations:
Depreciation and amortization

6,931

7,366

7,172

7,679

8,912

8,398

8,413

8,356

7,987

7,978

7,999

7,552

7,316

7,995

8,305

9,013

8,243

8,070

8,094

8,211

8,096

7,855

7,530

7,280

6,797

5,381

5,450

5,249

4,969

4,963

4,837

3,806

3,928

3,755

3,717

3,600

3,512

Impairment of goodwill

23,141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

3,854

1,489

1,504

1,170

4,458

344

1,086

837

2,445

754

1,007

1,116

826

681

866

1,128

714

705

973

1,033

949

602

1,307

1,195

1,148

737

696

713

817

628

592

701

581

793

321

297

123

Amortization of deferred financing costs

93

100

99

92

61

43

39

51

51

25

41

53

98

3

47

46

39

42

42

43

44

46

55

44

52

403

93

-9

38

44

31

11

16

100

-64

22

37

Deferred taxes

-626

-259

64

2,369

2,469

-5,146

-183

-383

449

4,188

-345

-363

437

-369

166

-1,754

127

-1,576

-621

-44

246

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of earn-out/contingent consideration

-

-

-

-

-

1,493

-750

2,778

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of discount of contingent consideration payable for acquisitions

-134

-79

-79

-89

-94

-82

-81

-125

-162

-207

-145

-149

-123

-120

-144

-93

-141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-709

-587

207

-

-509

-302

-250

-6,826

5,857

-1,288

874

-2,875

85

-285

29

(Gain) loss on sales of property, plant and equipment, net of retirements

-30

4,259

-8

-18

7

-297

-66

-21

53

0

-5

-13

-37

-11

14

134

16

18

10

1

12

35

-74

10

73

101

-93

-33

-41

-10

90

1

50

54

1

104

6

Changes in operating assets and liabilities, net of effect of acquisition:
Accounts receivable, net

-2,490

4,835

-5,483

-6,289

6,777

-174

2,970

6,203

6,255

-325

1,899

88

-1,865

-7,849

3,178

-15,359

1,683

-3,550

-4,364

1,681

-4,635

-3,945

147

19,710

-858

-2,146

14

6,562

1,077

-5,213

7,900

-331

-1,479

5,231

2,535

2,144

387

Costs and estimated earnings in excess of billings on uncompleted contracts (CIEB)

3,000

1,368

2,892

3,083

-1,439

3,008

665

950

-520

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and estimated earnings in excess of billings on uncompleted contracts

-

-

-

-

-

-

-

-

-

-

-1,610

128

766

-

592

-1,300

-3,370

-7,412

-952

3,399

1,162

-4,808

-4,143

1,872

448

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

-213

-2,027

-134

91

-85

-608

-523

1,145

1,012

-945

-2,805

-877

-32

-5,319

2,200

-119

2,846

-121

729

-1,027

1,188

4,574

11,845

-6,247

-5,264

-8,522

2,914

-51

3,352

-587

-2,102

-1,089

2,645

-40

360

-94

86

Right-of-use lease asset

-169

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-2,689

2,126

-2,209

3,506

4,058

3,541

-154

5,139

-999

1,036

1,721

-2,430

2,406

604

2,302

-1,177

-1,600

-1,800

-597

3,413

-5,932

-2,989

7,324

-11,128

-850

2,816

-3,847

1,558

886

1,412

-2,033

-966

1,248

-802

849

1,146

-744

Accrued expenses

1,147

558

1,610

-1,536

-38

1,863

1,364

-335

-2,613

1,868

2,767

935

-1,969

-2,838

211

-1,931

-4,021

9,580

-1,045

-7,342

-2,597

-224

5,514

3,600

2,370

358

4,094

-1,132

-80

5,088

-119

-1,527

-905

816

1,043

-2,036

955

Deferred revenue and other assets

-

-

-

-

-

-

-

-

-

-

-

5,025

300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

861

-

301

-1,740

3,074

-

-2,622

2,229

1,905

-

-

-

-

-

-

-1,358

197

-

-494

-270

584

-697

-1,040

3,166

-2,978

-393

-418

118

-2,690

-423

-3,760

137

-256

419

-543

557

-64

Right-of-use lease liability

231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-2,195

2,308

-392

-825

-1,227

-3,342

168

-2,400

425

-1,832

-945

-7,178

88

1,688

-244

305

492

-6,906

968

503

3,101

2,470

1,239

1,014

398

-1,259

749

951

813

607

975

900

976

2,547

-1,981

766

1,519

Net cash (used in) provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

8,806

-

4,314

16,550

1,890

9,989

13,610

7,613

5,822

14,348

19,375

-5,013

15,053

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

3,551

5,661

5,312

-35,905

4,648

6,321

23

3,821

-2,492

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,890

-

3,665

6,054

7,740

1,561

6,006

4,114

4,911

Cash flows from investing activities:
Acquisitions (net of cash acquired)

-

-

-

-

-

-197

323

1,880

3,202

-

-

-

-

-

-

-

-

-

-

-

-

3,223

0

0

23,260

0

0

0

85

-

-

-

-

-

-

-

-

Acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4,841

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

5,337

5,598

4,908

7,054

4,814

11,281

6,090

7,602

5,099

5,098

6,664

2,586

3,936

2,489

1,722

5,282

4,148

12,377

7,554

6,095

8,236

8,713

15,707

6,371

9,382

8,133

6,901

9,582

5,571

5,255

5,933

3,609

7,067

4,323

5,753

6,166

2,978

Proceeds from sales of property, plant and equipment

-

5,531

188

46

66

397

515

21

149

225

27

208

39

-11

22

52

131

149

110

-55

76

40

-19

18

715

375

32

5

50

27

157

6

165

62

7

134

21

Increase (decrease) in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-157

1,752

-497

-210

-28

-315

-104

-55

-108

-423

18

-305

-17

-303

-341

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-3,897

-

-1,543

-6,982

-8,361

-12,018

-7,416

-5,835

-8,056

-11,841

-15,618

-5,930

-31,945

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-5,337

-67

-4,720

-7,008

-4,748

-10,687

-5,898

-9,461

-8,152

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,265

-

-49,186

-3,603

-6,902

-4,261

-5,746

3,968

-2,957

Cash flows from financing activities:
Issuance of common stock upon the exercise of stock options and the vesting of restricted stock

-

1

0

3

1

3

910

44

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock net of stock witheld to cover employee taxes on stock-based compensation

-

-

-

-

-

-

-

-

-

-

1

117

682

-

-

-

-

-

-

-

-

95

81

588

821

256

3,574

704

464

187

315

361

34

10

0

34

4,594

Stock withheld to cover employee taxes on stock-based compensation

578

11

6

-1

1,407

24

0

150

980

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subsidiary distributions to non-controlling interest

155

1

140

0

135

0

91

0

66

-

-

-

-

0

74

0

123

0

146

0

168

0

145

0

149

0

114

0

103

60

35

-1

90

0

105

0

129

Proceeds from borrowings

3,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

0

5,000

25,000

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

41

7,807

5,330

4,788

1,295

1,281

1,276

1,286

1,286

1,511

2,157

7,182

7,321

7,140

5,140

2,140

2,140

2,144

2,155

2,161

2,163

2,149

2,165

2,172

2,163

-27

2,441

2,347

2,396

2,392

2,380

2,195

2,197

2,196

2,196

2,195

2,202

Payment of financing fees

485

0

0

236

250

-

-

-

-

-

-

-

-

0

0

0

100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

2,491

-6,820

3,024

34,980

-3,086

5,698

7,368

1,108

-2,319

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,035

-

44,559

-1,922

-2,253

-2,186

-2,301

-2,086

2,263

Net change in cash and cash equivalents

705

-1,226

3,616

-7,933

-3,186

1,332

1,493

-4,532

-12,963

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

189

-26

118

1,481

766

495

152

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-6,639

-

-4,252

-1,496

-2,363

-1,723

-1,229

-2,082

-2,213

4,427

-1,463

3,911

23,661

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-1,730

-

-1,481

8,072

-8,834

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents including restricted cash:
Changes in foreign currency translation

-33

-97

-230

174

91

-350

867

1,037

271

26

-253

1,468

-296

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosures:
Income taxes paid

1,081

1,089

510

2,634

737

978

727

1,633

629

545

412

656

447

-553

980

2,581

2,329

2,296

2,015

3,827

1,628

1,384

2,005

4,543

2,664

2,500

2,185

2,706

3,232

2,957

581

2,676

1,446

2,097

1,879

816

971

Interest paid

1,245

1,417

1,570

1,056

1,019

980

865

754

665

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid - other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

588

571

134

168

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

453

-

536

505

486

457

465

469

471

-

545

521

429

-

399

409

479

-

-

-

-

-

-

-

403

Non-cash investing - capital expenditures accrued

868

-365

956

-2,481

4,398

-489

432

-1,006

3,186

-1,113

-810

2,325

1,270

1,393

-316

-612

1,581

-1,915

-1,482

1,987

2,234

508

-3,583

5,201

270

-1,551

1,858

-900

2,760

-47

-827

1,217

1,165

1,506

-1,261

-491

2,448

Right-of-use operating lease entered into

121

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in foreign currency translation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-736

-595

345

-575

-1,694

1,039

-1,340

-1,410

-2,249

1,292

156

-931

936

-712

-1,618

1,017

2,643

-1,334

1,113

-504

-782

271

400

Non-cash investing - contingent consideration for acquisitions

-

-

-

-

-

0

0

0

7,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing and financing - stock for acquisitions

-

-

-

-

-

0

0

4,096

7,340

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing - contingent earn-out liability for Tecnor acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities assumed - acquisitions

-

-

-

-

-

97

0

1,228

4,285

-

-

-

-

0

0

0

2,408

-

-

-

-

-826

0

143

11,652

-

-

-

0

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,965

-304

-4,447

6,934

2,294

-7,032

6,769

11,169

47

-5,403

-3,410

5,047

-962

529

-1,415

-4,886

-2,041

5,996

4,217