Smart sand, inc. (SND)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Operating activities:
Net (loss) income

-84

2,388

10,926

14,276

4,033

-4,433

12,125

10,021

975

10,878

7,048

2,631

969

12,441

-95

-2,349

382

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation, depletion and accretion of asset retirement obligation

5,363

7,116

6,808

6,349

6,152

5,018

4,782

4,065

3,294

2,716

1,798

1,725

1,687

-

-

-

-

Amortization of intangible assets

199

199

362

407

430

430

288

284

0

-

-

-

-

-

-

-

-

Asset retirement obligation settlement

0

405

465

648

1,235

961

436

534

1,249

0

0

0

0

-

-

-

-

Depreciation, depletion and amortization of asset retirement obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,632

Gain on disposal of assets

0

-

-

-

25

-

-

-

0

-66

-30

-194

37

-5

29

4

26

Loss on derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-5

Amortization of deferred financing cost

26

40

55

54

63

77

85

78

60

116

117

116

106

42

37

43

37

Accretion of debt discount

45

132

186

186

145

65

65

60

56

0

0

0

0

31

73

85

74

Deferred income taxes

1,264

-

2,500

3,969

318

-

4,611

2,340

307

-

-354

3,834

324

-

-1,140

-1,868

-1,700

Stock-based compensation, net

1,025

713

652

754

790

804

835

688

610

634

618

584

176

706

300

231

189

Employee stock purchase plan compensation

13

11

12

9

9

16

56

0

0

-

-

-

-

-

-

-

-

Non-cash interest expense on Series A preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

629

1,813

1,623

1,500

Change in contingent consideration fair value

-1,020

-515

-1,215

-575

-967

242

-2,100

0

0

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

-1,095

1,303

13,097

14,218

12,445

-10,843

5,789

-3,717

4,314

2,890

5,651

5,396

4,101

2,416

4,212

717

-4,026

Unbilled receivables

-4,536

-

-

-

258

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled receivables

-

-

-

-

-

-

-3,692

4,701

-986

-

915

-1,229

953

-

-

-

3,340

Inventories

-3,642

3,670

3,545

-1,190

-5,004

2,173

4,855

4,135

-3,820

1,427

-1,279

-247

-4,308

394

1,371

110

-518

Prepaid expenses and other assets

1,933

-840

552

-458

-1,129

-1,326

112

-611

3,586

2,172

-2,193

3,234

181

109

425

-104

-563

Deferred revenue

-2,575

833

5,090

-1,603

909

65

-775

3,933

872

0

-5

5

-1,615

-3,589

-1,025

-601

-303

Accounts payable

2,048

-3,724

1,021

524

-2,501

246

540

4,530

-7,587

4,795

4,548

-64

77

1,129

-128

24

-264

Accrued and other expenses

-1,471

-3,126

478

-847

4,772

-3,117

1,545

-432

4,144

130

-2,830

2,198

2,893

-761

1,443

360

-1,523

Net cash provided by operating activities

12,061

4,305

22,925

11,080

6,323

17,186

14,810

20,525

-1,612

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-3,180

3,844

-

2,029

3,251

2,819

Investing activities:
Purchases of property, plant and equipment

4,185

6,007

5,649

5,370

8,499

14,436

14,813

19,972

46,869

23,580

19,853

6,106

1,623

461

1,297

114

647

Proceeds from disposal of assets

-

-

-

-

-

-

-

-

-

0

0

0

14

-

-

-

-

Net cash used in investing activities

-4,185

-5,907

-5,649

-5,370

-8,499

-14,436

-14,834

-49,850

-46,869

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-6,106

-1,609

-

-1,260

-43

-647

Financing activities:
Proceeds from the issuance of notes payable

0

25,082

1,424

2,675

2,021

0

0

0

0

-

-

-

-

-

-

-

-

Repayments of notes payable

1,192

1,347

727

327

407

271

0

288

0

0

0

278

4

-1,259

321

600

338

Payments under equipment financing obligations

32

24

29

28

22

2

26

70

70

77

68

106

102

110

101

100

98

Payment of deferred financing and debt issuance costs

20

1,175

252

5

830

23

64

146

0

-

-

-

-

-

-

-

-

Payment of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

5

188

-

-1

1

-2

Proceeds from revolving credit facility

6,000

15,000

15,000

9,250

13,500

12,500

12,500

43,000

16,000

0

0

0

0

-

-

-

-

Repayment of revolving credit facility

2,500

35,000

31,500

17,750

10,500

12,500

13,000

14,000

0

-

-

-

-

57,600

1,500

1,000

5,216

Payment of contingent consideration

280

385

385

525

700

175

0

0

0

-

-

-

-

-

-

-

-

Proceeds from equity issuance

46

-7

38

0

40

0

56

71

0

0

0

0

26,251

-

-

-

-

Payment of equity transaction costs

-

-

-

-

-

-

-

-

-

0

0

0

2,083

-

-

-

-

Cash dividend on Series A preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

1

Purchase of treasury stock

1,014

1

0

116

23

1,999

1

119

54

0

0

127

0

-

-

-

-

Net cash provided by financing activities

1,008

2,143

-16,431

-6,826

3,079

-2,470

-535

28,448

15,876

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-516

23,874

-

-1,924

-1,757

-5,651

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

8,884

-

845

-1,116

903

-

-559

-877

-32,605

-

-12,026

-9,802

26,109

-

-

-

-

Net increase (decrease) in cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,155

1,451

-3,479

Supplemental disclosure of cash flow information
Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

79

15

-

572

592

1,180

Cash paid for taxes

-

-

-

-

-

-

-

-

-

-

61

7,567

29

-

142

72

4

Asset retirement obligation

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Equipment purchased with debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,080

Capitalized expenditures in accounts payable and accrued expenses

1,269

-

901

-1,048

2,285

-

1,335

-4,903

11,488

-

8,918

2,506

500

-

-733

-94

1,081

Increase (Decrease) in Income Taxes Payable

-112

-

-

-

0

-

-

-

-

0

0

-7,249

191

3,490

1,143

1,376

1,049