Spar group inc (SGRP)
CashFlow / Quarterly
Dec'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 income

-92

2,081

2,803

1,041

629

1,680

-1,096

425

-358

587

774

174

508

487

602

159

1,936

108

262

169

3,216

571

804

-220

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities
Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,454

523

58

213

1,497

859

636

459

1,192

357

505

283

Depreciation and amortization

627

525

530

508

514

523

530

542

600

487

534

505

641

487

484

488

491

470

476

468

493

430

418

412

396

389

409

302

298

289

293

277

261

280

266

262

Bad debt, net

-195

507

-216

-13

91

31

38

36

20

25

43

25

30

296

61

-40

-21

369

21

19

-47

103

35

24

25

20

31

-3

18

37

0

17

-

-

-

-

Share based compensation

70

65

51

49

47

75

15

49

47

48

75

55

58

88

95

88

128

98

106

102

121

159

123

252

100

182

131

125

101

139

124

153

162

94

109

55

Changes in operating assets and liabilities, net of business acquisitions:
Accounts receivable, net

-8,087

138

9,873

1,236

1,446

-704

1,446

7,108

-827

4,312

2,424

-3,486

2,259

4,065

3,617

-3,039

1,452

-1,507

-1,551

-1,186

4,405

-2,411

3,838

-1,043

2,787

-658

1,268

-2,909

3,713

407

2,685

-775

2,691

761

-255

-1,759

Prepaid expenses and other assets

-2,178

1,498

-278

1,390

-1,006

-227

191

190

813

-700

1,339

-56

-247

-1,534

1,173

466

41

261

406

-646

266

-53

426

-326

126

442

-682

752

-817

615

-93

76

-212

99

84

-501

Accounts payable

-2,218

1,094

344

1,310

-2,238

946

636

512

-424

2,078

-1,413

1,569

850

571

-623

1,052

-702

-303

158

-258

316

-239

43

-376

243

-982

403

426

1,478

-521

-181

1,582

278

-238

241

-266

Accrued expenses, other current liabilities and customer incentives and deposits

-4,674

118

4,363

269

5,759

3,187

-7,469

5,117

-1,178

2,936

1,303

440

-398

2,251

198

99

-335

-540

35

-890

-131

462

921

1,011

-1,091

123

-1,092

1,781

-1,412

1,419

1,871

-215

1,416

200

-1,108

-348

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

1,649

-3,973

4,419

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

4,575

2,754

-1,720

538

4,277

7,373

-8,983

-617

360

2,549

-2,447

6,310

-

-

-

-

-

-

2,203

1,442

-2,405

3,950

-1,920

2,472

-1,948

471

-646

5,001

-1,119

1,170

190

2,972

1,148

-43

184

2,246

Investing activities
Purchases of property and equipment and capitalized software

0

443

471

464

282

389

464

487

402

406

356

284

402

421

360

372

337

333

321

584

242

410

316

358

260

308

394

337

294

256

209

239

366

180

76

188

Purchase of Resource Plus subsidiary, net of cash acquired

-

-

-

-

0

0

0

-767

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-727

-360

-372

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

0

-443

-471

-464

-282

-389

-464

280

-402

-406

-356

-284

-

-

-

-

-

-

-321

-584

-242

-785

-316

-358

-195

-288

-394

-1,658

-138

-640

-209

-239

-

-

-

-

Net borrowing (payments) on lines of credit

-2,393

-1,966

12,497

-159

-3,194

-3,436

7,078

1,252

883

-2,345

2,584

-3,192

1,586

1,380

2,503

-1,868

247

220

-265

-428

1,981

-1,802

2,714

-671

2,086

-59

1,194

-1,312

1,660

-485

276

-2,675

-549

1,008

-291

-1,269

Proceeds from stock options exercised

-

-

-

-

-

-

-

-

-

-

0

7

1

19

3

0

17

20

2

2

1

32

3

18

29

75

11

9

32

97

3

5

1

13

8

14

Proceeds from term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

244

Payments on term debt

262

-3

-11

85

-

-

-

18

168

254

283

6

3

7

8

6

6

6

6

6

5

5

7

7

5

8

6

8

4

11

9

9

57

-12

9

503

Distribution to non-controlling investors

-

-

-

-

1,451

0

0

463

97

0

0

2,101

0

0

0

286

12

288

41

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on capital lease obligations

-

-

-

-

-

-

-

-

29

8

7

0

-

-

-

-

-

-

-

-

22

22

31

34

35

38

59

57

56

55

54

53

32

30

25

20

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

1,482

2,498

-2,160

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of notes to seller

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

200

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-2,585

-1,996

2,854

-244

-4,123

-3,506

7,059

771

591

-2,695

2,262

-5,292

-

-

-

-

-

-

-330

-432

1,506

-1,945

2,658

-694

1,915

-177

1,055

-1,568

1,321

-478

216

-2,732

-637

1,003

-317

-1,534

Effect of foreign exchange rate changes on cash

1,096

-769

73

149

251

-2,326

-638

-399

616

-95

577

215

-518

71

-171

-572

-198

-488

-118

-516

-99

-297

41

2

-69

54

-352

-179

-201

155

-141

-40

-36

-6

0

26

Net change in cash and cash equivalents

3,086

-454

736

-21

123

1,152

-3,026

35

1,165

-647

36

949

-178

2,475

-2,006

1,315

-492

484

1,434

-90

-1,240

923

463

1,422

-297

60

-337

1,596

-137

207

56

-39

67

374

-209

550

Supplemental disclosure of cash flows information
Interest paid

450

0

174

201

300

145

412

137

244

88

19

109

-

41

-19

86

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

34

70

72

17

36

36

31

70

30

37

31

31

32

33

55

45

47

56

57

Income taxes paid

-344

0

446

95

50

57

143

59

60

49

81

117

102

3

84

39

73

31

28

55

121

149

62

113

175

49

136

39

391

0

68

13

21

53

40

105

Increase in non-controlling interest attributable to Resource Plus acquisition

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Resource Plus deferred purchase price

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt assumed through the Resource Plus acquisition

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock converted to common stock at par

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6

Acquisition of equipment through capital lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

253

-

-

-

-