Sigmatron international inc (SGMA)
CashFlow / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10
Cash flows from operating activities
Net (loss) income

-217

661

361

980

-595

-723

-526

-4,392

31

736

382

1,258

-47

33

146

48

218

1,156

658

176

564

146

16

422

743

784

967

320

-216

482

-93

649

85

158

240

279

254

586

857

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization

1,228

1,220

1,235

1,246

1,245

1,247

1,267

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of right-of-use operating lease assets

569

548

532

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

1,284

1,285

1,275

944

1,248

1,245

1,269

1,253

1,293

1,281

1,290

1,266

1,256

1,252

1,210

1,188

1,215

1,214

1,172

1,095

1,057

1,032

1,189

1,008

1,054

1,013

994

982

984

1,346

1,126

Stock-based compensation

-

-

-

-

-

-

-

-

-

-

83

80

82

84

85

85

87

405

10

5

11

14

28

16

18

24

29

32

21

43

92

0

0

0

2

2

2

2

2

Restricted stock expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

30

10

1

22

23

3

5

10

21

0

38

-

-

-

-

-

-

-

-

Employee stock purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86

0

0

-86

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recoveries from inventory obsolescence

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9

-49

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax expense

-

11

9

118

171

848

-251

-1,804

-99

-333

2

394

-391

65

-65

262

675

-190

28

-219

13

-32

-14

375

-962

7

-45

-332

14

-11

8

338

0

0

-0

699

-0

-164

-0

Amortization of intangible assets

90

90

91

93

93

93

94

107

107

107

112

122

122

122

121

118

118

118

115

109

109

109

101

86

86

86

87

73

73

73

60

26

26

26

33

-

-

-

-

Amortization of financing fees

30

28

26

25

22

21

20

21

18

11

12

78

11

11

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustment of contingent consideration

-

-

-

23

-17

17

17

-69

-47

15

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of customer relationships

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37

37

37

50

Loss from disposal or sale of machinery and equipment

-2

-17

-0

-0

-2

-2

-0

0

-19

-0

-0

-17

-10

-0

-29

0

-13

-1

-8

-

-

-

-

-7

-28

0

-1

-

-

-

-

-0

-51

-0

-0

0

-7

-0

-0

Changes in operating assets and liabilities
Accounts receivable

-4,318

-2,004

487

2,215

-4,391

2,787

4,522

1,687

71

575

-617

5,940

-525

1,878

1,518

-2,690

-872

1,694

429

1,563

-1,857

707

499

-381

795

-640

99

2,461

-1,779

-1,032

5,592

-80

314

2,560

1,586

1,191

-2,465

-440

340

Inventories

2,466

-2,839

-11,324

-9,569

6,014

1,389

1,083

729

5,301

-339

7,723

5,499

-1,583

-2,457

4,763

-1,841

2,193

-73

-1,299

-51

9,633

1,542

3,816

-2,429

5,705

-1,955

1,797

2,999

-896

1,640

1,871

1,679

-4,479

-7,180

2,833

-1,321

-3,467

4,646

7,758

Prepaid expenses and other assets

923

101

-57

532

32

465

-263

-134

20

-85

-1,309

1,536

377

-34

-786

-256

487

-350

79

252

817

-367

379

439

-436

128

-474

401

579

-691

905

25

655

-634

66

-152

214

-89

-52

Refundable and prepaid income taxes

269

-25

-195

-542

282

-142

86

-130

1,226

26

193

-359

-194

149

-31

-

-

-

-

-

322

-353

466

-154

-127

0

-228

-926

539

45

104

260

-4

-21

-196

-

-

-

-

Income taxes payable

69

49

-66

60

-15

61

-43

25

219

-15

198

-188

202

11

43

-351

-256

459

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-178

-197

-470

-442

Trade accounts payable

2,685

-1,287

-9,386

-8,113

1,078

1,912

1,422

1,761

795

-5,146

5,755

8,303

-462

-1,744

3,052

-2,293

-256

1,348

2,374

1,480

3,890

-509

3,834

-3,015

2,653

-5,209

1,365

7,251

-2,965

2,361

2,607

4,713

2,898

-5,976

-232

3,776

-3,425

-4,198

3,606

Deferred rent

-

-

-

-33

-43

-68

-68

-64

-61

-58

-58

-54

-52

-50

-50

-45

-42

-39

-39

-37

-18

15

15

17

19

21

21

23

56

120

160

2

3

3

3

-

-

-

-

Operating lease liabilities

-132

-1,045

586

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and wages

-2,081

168

763

870

-1,196

523

53

1,191

-264

302

-1,391

942

-487

392

-1,044

1,036

-646

679

402

299

-435

136

-663

1,413

-1,121

212

-33

1,153

-550

611

-330

364

175

238

-759

22

78

517

-549

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

549

-1,863

4,401

-567

3,952

5,509

1,438

-3,359

-406

-581

-

-

-

2,375

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

3,260

7,322

4,070

3,259

-989

-448

-3,441

2,520

-4,615

-3,272

399

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,750

-4,741

5,237

7,808

770

-4,008

5,572

3,699

-6,063

-3,393

Cash flows from investing activities
Purchases of machinery and equipment

1,545

-96

684

756

77

821

706

80

419

-591

3,823

292

1,311

657

1,244

1,037

886

902

222

2,122

1,066

278

2,038

508

1,513

1,444

4,900

2,362

2,764

1,272

771

482

371

336

1,116

1,238

497

911

2,272

Cash received in conjunction with acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,142

-

-

-

-

-

-

-

-

Disposals of machinery and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

10

77

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-657

-1,244

-1,152

-860

-891

-145

-1,418

-1,066

-278

-2,038

-

-

-

-4,900

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-1,545

96

-684

-756

-77

-821

-706

-80

-231

655

-3,823

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,272

371

-482

-371

-336

-1,116

-1,238

-497

-911

-2,272

Cash flows from financing activities
Proceeds from the exercise of common stock options

-

-

-

-

-

-

-

0

53

17

25

-

-

-

-

-

-

-

-

15

0

36

6

-

-

-

-

-

-

-

-

-

-

-

-

90

0

0

2

Proceeds from the sale of restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

518

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Employee stock purchases

-

-

-

-

-

-

-

-

-

-

-

0

0

1

6

9

8

11

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds under equipment notes

-

-

-

0

0

0

182

0

0

307

636

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of contingent consideration

0

0

57

39

101

0

55

50

63

66

45

56

73

62

81

90

110

102

38

65

130

0

65

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under finance lease and sale leaseback agreements

461

550

612

-

537

603

643

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under capital lease and sale leaseback agreements

-

-

-

-

-

-

-

608

569

524

442

423

372

411

403

371

360

315

315

323

277

259

191

-

-

-

56

-

-

-

-

-

-

-

-

-

-

-

-

Payments under equipment notes

102

102

102

102

102

102

93

93

78

78

46

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds under lines of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,059

2,527

-3,897

-2,527

5,682

7,618

Change in bank overdraft

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,922

2,087

0

-242

242

-1,407

Payments under building notes payable

70

70

70

70

70

70

70

70

3,588

41

41

41

41

41

41

41

41

41

41

41

41

37

37

37

37

24

24

-

-

24

24

24

24

24

24

24

24

24

24

Borrowings under revolving line of credit

84,443

87,439

82,796

76,500

84,947

89,680

82,479

319,330

6,315

6,621

2,676

34,441

17,901

19,728

22,052

17,184

75,605

86,127

15,506

17,658

69,859

30,567

47,411

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under revolving line of credit

88,046

92,110

84,852

79,159

82,744

87,698

77,556

321,497

3,669

2,816

858

33,310

19,108

19,931

18,608

19,002

74,773

87,087

20,963

16,752

65,848

30,988

47,489

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of debt financing costs

3

40

5

23

27

13

11

22

137

0

14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

130

54

53

53

175

343

277

202

335

191

213

Payments under other notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

26

40

40

40

40

40

40

31

49

Net changes under lines of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

736

763

-1,950

450

-1,260

5,260

-

-

-

-

-

-

-

-

Change in bank overdraft

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-712

2,923

-2,430

357

-1,404

-5,311

581

4,419

504

-366

-

-

-

714

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-4,240

-5,435

-2,904

-3,523

1,363

1,193

4,231

-3,262

4,946

3,104

1,888

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,339

5,154

-5,077

-5,902

-262

4,272

-3,240

-3,170

5,676

5,924

Change in cash and cash equivalents

-2,525

1,982

481

-1,020

296

-75

83

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in cash and cash equivalents

-

-

-

-

-

-

-

-

99

486

-1,536

396

-223

-819

-184

818

-1,070

1,656

52

600

-6

-180

-2,986

1,561

-1,197

2,279

-1,810

340

-3,324

2,138

784

-322

1,533

171

-852

1,093

31

-1,298

258

Supplementary disclosures of cash flow information
Cash paid for interest

403

489

564

606

579

582

504

451

411

286

285

205

269

276

243

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

231

232

240

260

261

249

265

241

254

427

15

195

201

209

207

177

216

254

262

235

254

294

261

201

Cash paid for income taxes

196

229

162

144

225

114

160

174

891

820

166

200

189

100

112

984

59

382

208

304

98

652

104

-

-

-

4

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes, net of (refunds)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

-

-

19

-115

16

213

927

832

Cash refunded for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

476

159

-107

159

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of machinery and equipment financed under finance leases

-

-

-

-

-

-

-

747

854

1,432

653

29

0

334

825

0

605

0

703

0

81

1,217

108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing of insurance policy

327

-42

96

-105

279

-37

67

-133

237

-31

81

-108

-4

196

75

-131

-11

249

53

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SigmaTron International, Inc. A/R Trade forgiven

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15,312

-

-

-

-

-

-

-

-

SigmaTron International, Inc. Foreign A/R Trade forgiven

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,142

-

-

-

-

-

-

-

-

Contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,320

-

-

-

-

-

-

-

-

Issuance of Restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

169

-

-

-

-

-

-

-

-

Total Cost of Acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

18,944

-

-

-

-

-

-

-

-

Financed a licensing agreement through a note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70