Schmitt industries inc (SMIT)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10
Cash flows relating to operating activities
Net income (loss)

-131,169

4,518,017

169,808

-268,712

-475,189

-255,270

-211,819

225,936

15,553

103,248

-134,098

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-131,333

-382,470

-125,629

-

-450,906

-403,787

-195,062

92,759

-168,371

-69,840

51,783

-157,757

-72,107

-163,201

-146,559

-364,322

-191,104

-104,604

120,148

5,948

12,621

-78,176

137,028

58,190

-191,840

40,892

-112,625

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

37,803

35,303

47,974

57,251

42,123

41,757

47,217

48,913

51,681

51,895

52,750

54,011

54,634

56,290

54,147

58,210

60,416

61,951

65,247

64,590

62,032

65,262

74,688

74,002

78,987

87,067

88,237

87,336

86,737

86,993

86,649

87,830

87,978

85,198

83,547

82,698

84,980

85,424

87,587

Loss on disposal of property and equipment

0

-77,020

12,000

0

0

0

0

-

-

-

-

0

-9,676

-610

17,509

0

0

299

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

12,800

5,214

-

-

-

-

Stock based compensation

134,122

120,588

72,014

88,943

-3,309

3,390

5,597

8,169

1,328

19,472

21,367

61,119

3,178

6,030

9,438

9,878

10,367

15,754

22,199

22,861

23,240

16,615

9,858

15,684

17,110

4,444

20,488

22,633

22,153

22,461

22,641

50,118

49,571

49,560

50,147

174,040

9,385

9,479

9,699

(Increase) decrease in:
Accounts receivable

250,450

-258,667

22,782

-253,764

49,359

344,179

-164,312

-20,160

-73,110

40,117

-258,280

55,971

455,219

-79,798

-158,886

99,206

-531,907

-56,573

-59,376

211,082

-82,644

239,307

88,160

87,965

-34,876

3,300

167,920

-117,065

5,136

-306,793

-91,809

627,693

-468,331

381,245

145,971

-58,365

311,183

256,405

143,477

Inventories

-20,534

-175,377

11,863

-403,689

43,825

-170,821

434,075

275,489

649,127

229,509

339,884

-149,282

-122,626

-142,831

-63,793

-67,870

170,163

-128,067

218,283

-155,094

-71,597

-376

21,668

251,508

-133,645

-144,237

-266,220

310,551

333,148

467,656

-28,424

-443,058

271,336

-308,039

320,759

294,019

73,306

131,555

-15,078

Prepaid expenses

43,801

-59,148

5,106

-65,875

100,384

-2,943

-28,447

377

43,372

-25,436

14,150

-60,598

29,584

36,382

-19,635

-30

-3,102

-10,161

-7,444

-11,491

55,254

-18,284

-21,778

11,082

9,336

-32,041

-57,578

63,379

18,979

-32,871

-15,978

63,043

-11,263

-15,619

-15,632

-44,864

17,660

-8,990

10,139

Income taxes receivable

-

-

-

-

-

-

-

0

-714

-2,368

-4,228

2,369

3,062

-4,227

-2,326

7,089

-498

-398

1,210

-500

-197

-607

994

-16,604

-3,666

-27,143

657

33,294

-8,681

16,961

-1,259

-12,123

10,291

4,123

5,489

-18,986

-3,934

-3,750

5,100

Increase (decrease) in:
Accounts payable

51,559

112,126

11,575

-701,905

-77,417

270,258

-14,346

183,483

-359,356

143,132

-45,308

282,634

329,863

-221,122

-161,133

231,902

55,768

-130,881

-110,002

231,766

-70,205

62,415

102,923

-13,597

-22,322

19,426

-395,461

215,990

114,599

-127,764

-53,251

200,162

-162,781

-351,490

247,380

198,980

-97,414

124,105

-55,899

Accrued liabilities and customer deposits

4,137

608,385

-171,702

58,883

22,955

-70,817

11,722

-117,980

44,849

3,800

-118,566

245,369

23,866

-114,768

27,328

62,776

-174,666

27,215

60,071

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities and customer deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102,785

-

7,488

-6,158

-67,036

-76,217

6,516

-44,284

33,802

-54,643

169,659

65,641

5,206

-

-

-

140,465

Income taxes payable

-6,312

54,966

13,643

491

0

-4,472

479

528

3,465

0

0

-

-

-

0

-

-

-

3,750

0

0

-210

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities - continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-75,355

-464,956

31,282

-

-133,677

-238,598

-306,470

154,782

-19,649

2,020

252,993

-347,305

158,340

141,699

-345,110

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

-290,572

600,488

91,561

247,762

-111,149

-450,760

-402,466

93,343

-861,155

80,344

-315,381

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-309,681

-312,151

347,459

-

355,015

-303,777

61,507

396,358

-652,066

-229,310

-74,411

Cash flows relating to investing activities
Purchases of property and equipment

13,566

14,690

0

1,799

-843

267

5,250

0

0

889

7,578

4,123

3,923

0

44,587

0

3,520

0

0

47,694

5,883

4,477

8,573

54,299

457

1,093

343

23,825

9,393

87,428

55,189

7,932

8,125

92,974

168,014

77,626

119,077

14,823

16,094

Proceeds from the sale of property and equipment

0

0

12,000

0

0

0

0

-

-

-

-

0

32,450

0

20,085

0

0

14,950

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

12,799

34,381

-

-

-

-

Net cash provided by (used in) investing activities - continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

28,527

0

-24,502

-

-3,520

14,950

0

-30,194

-5,883

-4,477

-8,573

-54,299

19,043

-1,093

-343

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

93,434

10,292,206

12,000

-1,799

843

-267

-5,250

0

0

611

-7,578

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,393

-87,428

-55,189

-

-8,125

-80,175

-133,633

-73,622

-119,077

-14,823

-16,094

Cash flows relating to financing activities
Payments on long-term liabilities

-

5,153

5,048

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

400,000

0

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by Financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,500

-400,000

0

400,000

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities - total

-1,364,069

-5,153

-5,048

-4,678

56,800

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Effect of foreign exchange translation on cash

0

-9,821

81,794

385

-77,198

6,670

97,009

-28,780

-64,890

-23,332

-15,285

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash, cash equivalents and restricted cash

-1,561,207

10,877,720

180,307

241,670

-130,704

-444,357

-310,707

64,563

1,459,984

57,623

-338,244

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of foreign exchange translation on cash

-

-

-

-

-

-

-

-

-

-

-

-

-14,548

6,005

6,692

-

8,995

-4,608

2,639

18,502

-29,385

-20,755

-24,292

14,813

-7,162

15,370

-3,959

-2,541

-3,362

-6,879

-308

-21,162

-11,629

-9,334

-14,306

3,335

-4,300

-16,241

12,741

Decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-458,951

13,472

-

-128,202

-228,256

-303,831

143,090

-54,917

-23,212

220,128

-375,291

-229,779

155,976

50,588

-430,814

-322,436

-406,458

291,962

46,704

409,725

-353,686

-86,432

326,071

-773,413

-260,374

-77,764

Supplemental disclosure of cash flow information
Cash paid during the period for income taxes

0

1,964

2,325

6,428

2,357

15,268

5,887

6,201

2,138

4,191

2,131

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,159

5,100

Cash paid during the period for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

10,055

2,123

5,703

-

5,997

10,323

4,300

2,551

2,074

3,543

1,810

1,928

1,997

1,739

3,325

4,387

13,895

16,424

4,929

2,844

1,801

696

14,135

-

-

-

-

Cash paid during the period for interest

0

362

2,073

3,175

8,523

199

263

287

329

372

413

555

701

1,158

568

963

641

675

709

743

776

808

1,125

781

1,200

5,445

1,733

0

0

0

0

-

-

-

-

-

-

-

-