Startek, inc. (SRT)
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 loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,795

-9,652

-2,554

Net Income/(loss)

-4,561

-3,361

-2,202

-3,157

-7,612

-10,890

-3,774

-5,180

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-2,451

-1,172

554

1,793

1,192

856

-1,684

31

333

-7,705

-5,069

-3,175

-1,593

-86

-3,281

-500

-1,015

-1,791

-1,272

-2,328

1,151

-1,230

-4,277

-6,132

-

-

-

-

Adjustments to reconcile net income/ (Loss) to net cash provided by (used in) operating activities
Depreciation and amortisation

7,667

7,425

7,327

7,304

7,819

7,919

4,724

6,025

-581

5,928

2,771

2,962

2,868

3,078

3,074

3,230

3,458

3,515

3,252

3,036

2,750

2,659

2,614

2,356

2,942

3,401

3,115

3,069

2,949

2,948

3,250

3,810

3,802

3,901

4,061

3,986

Impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,086

-

-

-

-

Impairment of goodwill

-

-

-

-

-

-

-

-

-

0

53

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share of (profit)/loss of equity affiliates

-1,214

-15

661

342

93

47

-25

64

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant contra revenue

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment /(profit) on sale of PPE

-223

0

-28

251

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

367

7

180

-5

-176

-910

0

12

-

-

-

-

-

-

-

-

Share-based compensation expense

365

370

356

425

-

-

-

0

786

-301

301

229

443

454

336

489

93

463

417

496

418

343

462

402

352

398

391

466

278

301

362

334

408

324

421

449

Amortization of deferred gain on sale leaseback transaction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

54

57

57

62

85

65

64

67

68

68

70

47

0

0

0

-

-

-

-

Deferred tax (benefit) / expenses

-1,310

1,433

-565

-659

373

-81

-285

-918

-

-

-

-

162

52

0

51

78

57

49

26

38

12

775

168

346

0

-86

-94

15

120

120

155

-132

132

66

-319

Provision for doubtful accounts

402

69

539

630

527

1,688

38

374

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit related to other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

421

213

-

-

0

0

-68

-1

-180

0

-

-

-

-

Income tax benefit related to other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-67

0

-166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities
Trade accounts receivable

2,963

311

5,602

-4,384

9,396

-472

2,058

-4,992

-8,466

4,781

2,043

-5,545

4,825

2,563

-967

-4,078

6,358

-650

-2,858

-270

116

-42

-658

3,028

-1,087

4,180

-1,188

806

5,971

3,064

-4,689

-1,059

-1,847

-13,462

11,995

-5,595

Prepaid expenses and other assets

-5,149

-6,727

-1,112

8,789

-4,580

11,439

-8,502

-8,801

-4,533

2,996

542

214

1,382

-938

-805

-362

-755

-1,093

777

1,561

484

-374

-661

-838

1,388

-81

-492

1,143

-430

-592

-354

263

-1,265

1,002

-939

-205

Trade accounts payable

4,502

-3,145

-2,012

-79

21

2,361

-3,051

1,486

-3,273

2,620

98

18

-668

-326

-1,069

-268

5,840

-913

-5,604

1,441

1,930

510

-1,274

-218

629

-128

293

-359

469

1,198

-2,042

254

493

-811

3,185

-2,780

Income taxes, net

1,725

396

-1,715

-948

-716

-3,986

227

-1,735

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

160

85

126

140

19

49

261

-129

-933

462

Accrued expenses and other current liabilities

-

2,430

-2,385

1,105

-

14,827

-4,962

-10,023

-314

-1,466

2,974

-3,150

1,895

-864

1,916

-2,943

-5,638

-496

4,938

46

-1,385

-2,555

2,912

-1,080

82

479

-751

965

-837

56

-1,181

-563

-2,299

-4,205

3,806

-1,665

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

522

1,425

1,428

2,861

-1,334

4,150

-1,143

3,462

-227

-1,414

1,062

1,474

1,789

-462

-5,589

1,404

3,379

Proceeds from note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

164

162

160

159

163

165

165

165

165

165

165

165

165

165

165

165

Net cash provided by operating activities

19,935

12,048

-5,050

-377

1,049

1,073

-614

3,758

-

2,760

4,001

7,183

-

1,912

4,720

4,864

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investing activities
Proceeds from sale of assets

-

-

-

-

-

-

-

-

8

0

0

342

16

11

13

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property, plant and equipment (net)

6,537

1,725

3,807

3,495

3,179

5,077

-566

2,919

-1,483

6,614

941

1,113

2,859

344

183

411

1,222

1,291

1,700

3,509

2,099

2,737

4,471

2,354

4,789

2,600

330

1,124

2,625

3,063

455

1,162

1,541

3,239

2,250

1,928

Distributions received from associates

-

-

1,329

0

-

4

-4

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for acquisitions of businesses

-

-

-

-

-

-

-

-

-

-

-

-

208

203

197

217

-651

149

18,526

234

-

-

-

199

208

389

750

750

0

0

0

0

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,743

-4,680

-2,353

-3,873

-2,394

-103

-2,824

-915

-1,709

1,424

-2,898

-290

-997

-1,376

-3,074

-2,085

-1,763

Net cash used in investing activities

-6,546

-1,737

-2,478

-3,495

-3,131

-3,577

562

-2,897

-

-5,299

-941

-771

-

-536

-367

-628

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing activities
Proceeds from issuance of common stock

147

97

5,951

515

-

-

-

0

925

-14

14

98

241

45

75

39

219

51

595

52

70

36

26

27

18

20

26

33

29

21

26

27

-82

34

11

160

Payments on long term debt

-

-2,800

-2,800

-1,400

-

-1,400

-1,400

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

12

24

1

45

3

92

-1

0

1

0

-

-

-

-

Proceeds from line of credit

-

-

-

-

-

-

-

-

74,658

72,005

81,528

79,675

78,061

76,450

71,800

76,400

81,050

76,045

95,713

66,082

59,275

35,300

34,112

41,760

27,728

9,316

3,433

913

12,465

5,416

10,709

51

-

-

-

-

Principal payments on line of credit

-

-

-

-

-

-

-

-

72,972

73,489

83,372

84,980

74,220

77,726

75,195

81,759

77,220

76,203

76,457

61,436

57,135

33,800

33,618

42,254

26,728

9,316

3,433

913

12,465

5,416

10,709

51

-

-

-

-

Principal payments on other debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

291

22

19

51

3

2

2

12

24

24

25

23

20

22

22

21

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,407

1,974

1,423

513

-494

1,010

63

27

113

4

-3

2

4

9

12

-11

139

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-27

35

17

-273

42

-85

-74

82

-21

-30

-330

-289

-44

32

16

463

-115

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,159

-1,246

515

-772

-4,180

4,972

-3,978

2,656

-1,844

-16

-2,169

897

752

-1,797

-8,635

-229

1,640

Proceeds from other debt, net

-

-

-

6,102

-

-

-

488

-

-546

-719

-868

-

-741

-709

-700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on other debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

289

291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-9,342

-7,385

7,562

5,217

6,419

6,582

-5,178

488

-

6,802

-2,549

-6,075

-

-1,972

-4,029

-6,020

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

1,345

-

-

-

1,349

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

202

-457

186

-226

-293

-1,246

4

-31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Components of cash and cash equivalents
Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-16

14

-12

-

133

100

-12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-553

525

325

-

-463

424

-1,796

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of Cash Flow Information
Cash paid for Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-82

69

10

11

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

321

49