| 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 | Mar'16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||||
Net (loss) income | |||||||||||||
-33,152 | 25,333 | 19,083 | 22,509 | 23,435 | 24,652 | 26,437 | 21,448 | 13,415 | 1,427 | 7,406 | 1,062 | 4,782 | -127 |
Adjustment to reconcile net (loss) income to net cash provided by operating activities: | |||||||||||||
Depreciation and amortization | |||||||||||||
7,114 | 7,050 | 6,908 | 6,622 | 6,345 | 5,908 | 5,328 | 3,984 | 3,202 | 2,359 | 1,742 | 1,370 | 1,164 | 869 |
Loss on disposal of asset | |||||||||||||
-57 | -80 | 103 | -71 | -213 | -96 | -160 | -59 | -3 | -47 | -42 | -384 | -25 | - |
Allowance for credit losses | |||||||||||||
893 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Stock-based compensation | |||||||||||||
1,329 | 1,210 | 1,225 | 1,178 | 862 | 721 | 338 | 1,289 | 1,513 | 1,604 | 1,420 | 645 | 32 | 36 |
Amortization of debt issuance costs | |||||||||||||
44 | 44 | 44 | 586 | 79 | 78 | 79 | 76 | 63 | 16 | 11 | 12 | 12 | - |
Deferred income tax expense | |||||||||||||
-5,775 | 4,838 | 3,404 | 3,888 | 3,992 | 3,277 | 4,056 | 3,038 | 1,906 | - | - | - | - | - |
Impairment losses | |||||||||||||
47,828 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other | |||||||||||||
-23 | -15 | -4 | 171 | -2 | 31 | -398 | -262 | 9 | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||||||
Accounts receivable | |||||||||||||
10,241 | -5,222 | -228 | 4,013 | 584 | 5,167 | 7,474 | 7,038 | 7,087 | 3,436 | 2,412 | 1,610 | 1,011 | 519 |
Prepaid expenses and other assets | |||||||||||||
-543 | -244 | -98 | -859 | -1,131 | -2,981 | -954 | 2,052 | 2,569 | -352 | -1,364 | 1,422 | 3,567 | -252 |
Inventories | |||||||||||||
887 | 189 | -741 | -249 | 3,545 | 1,895 | 1,602 | -151 | 7,124 | 857 | 2,327 | 3,897 | 451 | -86 |
Accounts payable | |||||||||||||
3,184 | 327 | 752 | 366 | -5,027 | 4,028 | -1,591 | 1,522 | 510 | -280 | 2,362 | 684 | 1,458 | -463 |
Accrued liabilities | |||||||||||||
744 | -2,241 | 1,728 | 5,455 | -759 | -1,280 | 1,858 | 1,416 | 620 | 3,126 | 1,270 | 1,012 | 397 | -1,333 |
Deferred revenue | |||||||||||||
- | -15,950 | -3,204 | -3,170 | -3,134 | - | - | - | - | - | - | - | - | - |
Net cash provided by operating activities | |||||||||||||
11,704 | 26,322 | 31,110 | 34,429 | 23,010 | 58,826 | 28,941 | 24,155 | 4,443 | 13,730 | 11,454 | -1,296 | 2,841 | -1,199 |
Investment in property, plant and equipment | |||||||||||||
699 | 1,938 | 4,197 | 8,347 | 20,370 | 36,066 | 38,858 | 44,995 | 41,160 | 44,897 | 27,533 | 13,864 | 7,618 | 2,318 |
Cash received from insurance proceeds | |||||||||||||
26 | 0 | 580 | 14 | 24 | - | - | - | - | - | - | - | - | - |
Proceeds from disposal of assets | |||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 8 | - |
Investment in intangible assets | |||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 6 | 38 | 6 | 22 | 6 | - |
Net cash used in investing activities | |||||||||||||
-673 | -1,836 | -3,487 | -8,333 | -20,346 | -35,686 | -38,757 | -44,936 | -41,166 | -49,935 | -27,539 | -13,894 | -7,616 | -2,318 |
Cash flows from financing activities: | |||||||||||||
Share repurchases | |||||||||||||
26,723 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Payments related to debt issuance costs | |||||||||||||
- | - | - | - | - | 0 | 60 | 0 | 954 | - | - | - | - | - |
Proceeds from pay down of promissory note related to membership units | |||||||||||||
- | - | - | - | - | - | - | - | - | 953 | 0 | 1,251 | 3,052 | - |
Distribution and dividend paid to Solaris LLC unitholders (other than Solaris Inc.) and Class A common shareholders | |||||||||||||
4,755 | 4,986 | 4,759 | 4,758 | 4,757 | - | - | - | - | - | - | - | - | - |
Payments under finance leases | |||||||||||||
9 | 9 | 8 | 9 | 9 | 7 | 7 | 7 | 7 | 7 | 7 | 6 | 7 | 6 |
Payments under insurance premium financing | |||||||||||||
- | 1,042 | 511 | 493 | 439 | - | - | - | - | - | - | - | - | - |
Payments under notes payable | |||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | -391 | -60 | -15 |
Proceeds from stock option exercises | |||||||||||||
55 | 0 | 0 | 28 | 266 | 0 | 96 | 160 | 676 | - | - | - | - | - |
Payments related to purchase of treasury stock | |||||||||||||
454 | - | - | - | 431 | - | - | - | - | - | - | - | - | - |
Repayment of senior secured credit facility | |||||||||||||
- | - | - | - | -13,000 | - | - | - | - | - | - | - | - | - |
Net cash used in financing activities | |||||||||||||
-31,886 | -9,290 | -5,656 | -5,728 | -18,370 | -160 | 6,451 | -190 | -285 | 45,630 | -7 | 83,500 | 2,985 | -21 |
Net decrease in cash | |||||||||||||
-20,855 | 15,196 | 21,967 | 20,368 | -15,706 | 22,980 | -3,365 | -20,971 | -37,008 | 9,425 | -16,092 | 68,310 | -1,790 | -3,538 |
Non-cash activities | |||||||||||||
Capitalized depreciation in property, plant and equipment | |||||||||||||
161 | 176 | 187 | 186 | 186 | 187 | 182 | 179 | 140 | 176 | 172 | 164 | 156 | 167 |
Property and equipment additions incurred but not paid at period-end | |||||||||||||
165 | -153 | -594 | 589 | 240 | -2,400 | 504 | -462 | 6,267 | 4,630 | 1,622 | 888 | 625 | - |
Property, plant and equipment additions transferred from inventory | |||||||||||||
229 | - | - | - | 3,427 | - | - | - | - | - | - | - | - | - |
Insurance premium financing | |||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 186 | - |
Accrued interest from notes receivable issued for membership units | |||||||||||||
- | - | - | - | - | - | - | - | - | - | -19 | 71 | 57 | 70 |
Cash paid for: | |||||||||||||
Interest | |||||||||||||
33 | 75 | 17 | 64 | 119 | 163 | 57 | 50 | 11 | 8 | 6 | 47 | 43 | 8 |