SHARPS COMPLIANCE CORP SMED Cash Flow

Sharps compliance corp (SMED)

CashFlow / Quarterly

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	Dec'10	Sep'10
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)
-1,556,000	970,000	686,000	490,000	-1,125,000	779,000	70,000	-146,000	-757,000	156,000	75,000	569,000	-668,000	-227,000	-967,000	220,000	-1,042,000	615,000	220,000	1,297,000	-812,000	749,000	-74,000	1,649,000	-935,000	120,000	122,000	-690,000	-955,000	-428,000	-639,000	-2,804,000	-520,000	28,000	-325,000	-712,000	-659,000	-807,000	-797,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
388,000	382,000	421,000	430,000	426,000	416,000	391,000	387,000	390,000	394,000	390,000	385,000	392,000	370,000	338,000	215,000	222,000	191,000	188,000	177,000	193,000	218,000	242,000	270,000	279,000	284,000	272,000	276,000	274,000	277,000	276,000	288,000	281,000	278,000	270,000	252,000	252,000	249,000	250,000
Bad debt expense
42,000	33,000	16,000	39,000	6,000	19,000	17,000	25,000	25,000	7,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash lease expense
-	-	-	-	12,000	12,000	12,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory write-off
0	10,000	3,000	100,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of property, plant and equipment
-	-	-	-	-	-	-	-15,000	0	0	2,000	0	-4,000	0	-6,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-70,000	0	0	-13,000	-10,000	0	0	0
Stock-based compensation expense
147,000	121,000	104,000	97,000	112,000	90,000	101,000	101,000	114,000	140,000	121,000	107,000	116,000	134,000	139,000	166,000	152,000	217,000	141,000	128,000	126,000	141,000	116,000	116,000	122,000	119,000	81,000	100,000	91,000	150,000	173,000	217,000	193,000	257,000	119,000	185,000	179,000	292,000	215,000
Deferred tax expense
122,000	44,000	45,000	-	28,000	146,000	33,000	-	37,000	-76,000	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based award activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,000	49,000	0	12,000	40,000	-25,000	971,000	-7,000
Deferred Income Tax Expense (Benefit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,000	0	1,000	1,539,000	-343,000	13,000	-174,000	-316,000	-526,000	603,000	-51,000
Changes in operating assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-111,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
-2,700,000	1,652,000	1,415,000	2,636,000	-596,000	513,000	447,000	292,000	-1,390,000	246,000	-269,000	2,382,000	-575,000	-1,315,000	772,000	1,872,000	-2,330,000	1,372,000	-1,806,000	3,501,000	-1,215,000	-112,000	-255,000	1,752,000	-99,000	-620,000	1,100,000	-237,000	143,000	-508,000	982,000	-1,736,000	1,351,000	-244,000	-221,000	923,000	128,000	-107,000	88,000
Legal settlement receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,538,000	-1,538,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Inventory
1,674,000	-116,000	-524,000	31,000	231,000	191,000	39,000	-204,000	-257,000	84,000	72,000	-416,000	118,000	107,000	252,000	-230,000	342,000	262,000	681,000	456,000	74,000	775,000	113,000	100,000	9,000	-156,000	-109,000	-272,000	-63,000	-74,000	-178,000	-237,000	-27,000	540,000	173,000	-309,000	-42,000	537,000	-154,000
Prepaid and other assets
487,000	146,000	67,000	392,000	134,000	-11,000	16,000	36,000	29,000	79,000	-124,000	-157,000	126,000	-147,000	213,000	-33,000	200,000	59,000	-180,000	-88,000	-98,000	301,000	144,000	-430,000	200,000	64,000	57,000	-131,000	187,000	-124,000	41,000	-286,000	-21,000	45,000	15,000	-2,894,000	-59,000	-1,109,000	1,550,000
Accounts payable and accrued liabilities
78,000	882,000	-268,000	999,000	-457,000	591,000	365,000	140,000	-1,045,000	963,000	-29,000	-210,000	-799,000	490,000	644,000	363,000	-1,017,000	177,000	-282,000	984,000	-679,000	473,000	331,000	-36,000	92,000	-331,000	439,000	-313,000	531,000	-289,000	384,000	-448,000	-96,000	-78,000	234,000	-292,000	211,000	531,000	330,000
Contract asset and contract liability
-13,000	192,000	768,000	484,000	79,000	257,000	-101,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract liability
-	-	-	-	-	-	-	-	-	-	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-169,000	-355,000	285,000	292,000	-107,000	364,000	51,000	455,000	-63,000	-227,000	334,000	252,000	-273,000	-337,000	289,000	-174,000	-190,000	-217,000	272,000	-48,000	185,000	-146,000	123,000	161,000	-93,000	-214,000	313,000
NET CASH PROVIDED BY OPERATING ACTIVITIES
-247,000	952,000	817,000	-408,000	-688,000	1,635,000	386,000	246,000	54,000	1,161,000	908,000	-760,000	-793,000	1,767,000	-792,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-502,000	199,000	-378,000	1,049,000	-1,652,000	11,000	281,000	1,528,000	-638,000	-2,592,000	1,737,000
NET CASH PROVIDED BY OPERATING ACTIVITIES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,000	-129,000	1,623,000	-	4,000	390,000	2,596,000	-553,000	-825,000	567,000	155,000	-	-	-	-	-	-	-	-	-	-	-	-
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment
1,264,000	632,000	604,000	100,000	368,000	202,000	79,000	412,000	157,000	408,000	235,000	47,000	461,000	1,172,000	806,000	709,000	456,000	299,000	462,000	178,000	312,000	191,000	46,000	160,000	78,000	29,000	201,000	361,000	146,000	201,000	201,000	90,000	173,000	52,000	137,000	146,000	308,000	104,000	144,000
Proceeds from sale of property, plant and equipment
-	-	-	-	-	-	-	0	0	7,000	3,000	0	10,000	0	13,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to intangible assets
56,000	47,000	18,000	28,000	51,000	40,000	163,000	28,000	10,000	7,000	41,000	35,000	49,000	79,000	0	-	-	-	-	-	-	-	-	0	-6,000	40,000	68,000	64,000	24,000	56,000	78,000	75,000	29,000	30,000	35,000	24,000	41,000	22,000	62,000
Payments for business acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	53,000	161,000	38,000	7,062,000	0	348,000	574,000	630,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET CASH USED IN INVESTING ACTIVITIES
-1,317,000	-679,000	-622,000	-128,000	-419,000	-242,000	-242,000	-440,000	-167,000	-408,000	-273,000	-135,000	-661,000	-1,289,000	-7,855,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-170,000	-257,000	-279,000	-165,000	-202,000	-82,000	-172,000	-170,000	-349,000	-126,000	-206,000
NET CASH USED IN INVESTING ACTIVITIES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-804,000	-873,000	-1,092,000	-	-318,000	-191,000	-46,000	-160,000	-72,000	-69,000	-269,000	-	-	-	-	-	-	-	-	-	-	-	-
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of stock options
518,000	30,000	28,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,000	0	13,000	-	1,000	0	2,000
Proceeds from long-term debt
745,000	289,000	309,000	0	0	0	0	-	-	-	-	0	2,600,000	0	3,000,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based award activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,000	49,000	0	12,000	40,000	-25,000	957,000	7,000
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	141,000	0	0	45,000	268,000	11,000	107,000	21,000	0	-	-	-	-	120,000	40,000	0	2,000	-	-	-	-	-	-	-	-
Repayments of long-term debt
129,000	130,000	128,000	129,000	130,000	128,000	150,000	150,000	151,000	150,000	150,000	122,000	2,771,000	270,000	21,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of debt issuance costs
0	0	50,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares repurchased
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	128,000	0	0	555,000	52,000	0	74,000	0	0	-	-	-	-	-	-	-	-
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-205,000	-495,000	268,000	-	107,000	21,000	-128,000	0	47,000	-555,000	-52,000	-	-	-	-	-	-	-	-	-	-	-	-
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
1,134,000	189,000	159,000	-129,000	-130,000	-128,000	-150,000	-150,000	-151,000	-150,000	-150,000	-122,000	-88,000	-152,000	3,120,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-34,000	0	2,000	32,000	93,000	0	25,000	86,000	-24,000	957,000	9,000
NET INCREASE IN CASH
-430,000	462,000	354,000	-665,000	-1,237,000	1,265,000	-6,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCREASE IN CASH
-	-	-	-	-	-	-	-	-	603,000	485,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	-	-	-	-	-	-	-1,542,000	326,000	-5,527,000	-	-1,013,000	-1,497,000	799,000	-995,000	-207,000	220,000	2,422,000	-713,000	-850,000	-57,000	-166,000	-576,000	-706,000	-58,000	-655,000	916,000	-1,761,000	-71,000	134,000	1,444,000	-1,011,000	-1,761,000	1,540,000
SUPPLEMENTAL CASH FLOW DISCLOSURES:
Income taxes paid
28,000	46,000	16,000	6,000	17,000	6,000	8,000	0	0	0	3,000	9,000	0	0	0	9,000	58,000	0	85,000	48,000	0	0	10,000	11,000	3,000	0	8,000	18,000	0	0	0	-	-	-	-	-	-	-	-
Interest paid on long-term debt
-10,000	22,000	20,000	21,000	22,000	22,000	24,000	23,000	25,000	22,000	17,000	16,000	42,000	27,000	22,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NON-CASH INVESTING ACTIVITIES:
Issuance of common stock for acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,889,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unpaid consideration related to acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-53,000	-35,000	140,000	0	-348,000	459,000	70,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of equipment to inventory
0	0	0	157,000	31,000	86,000	119,000	27,000	61,000	36,000	69,000	-12,000	26,000	70,000	34,000	29,000	8,000	106,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property, plant and equipment financed through accounts payable
-	-5,000	-13,000	-	-	40,000	17,000	-102,000	2,000	66,000	21,000	-38,000	-302,000	58,000	310,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Escrow related to acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-