Steel connect, inc. (STCN)
CashFlow / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10
Cash flows from operating activities:
Net income (loss)

-3,557

4,792

-37,982

-9,627

-11,753

-7,365

-7,533

-10,333

59,818

-5,237

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-5,067

-2,906

-8,543

-

-12,849

-13,948

-14,773

-4,989

-12,106

-1,556

222

-8,485

-9,478

1,064

617

-8,841

-8,306

-12,548

-10,660

-20,239

-6,138

-12,876

1,145

-4,452

4,991

-28,334

-6,670

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

79

-6

-59

-131

-829

-5,346

-3,221

-1,933

0

-16,239

-90

-104

-45

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,485

-9,478

1,063

538

-8,835

-8,247

-12,417

-9,831

-14,893

-2,917

-10,943

1,145

11,787

5,081

-28,230

-6,625

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation

5,785

5,589

5,727

5,880

4,918

5,533

5,403

5,732

3,764

1,892

2,239

1,877

2,068

2,022

2,299

1,946

1,919

1,955

2,036

1,903

1,919

2,810

2,981

3,627

3,097

3,474

3,907

3,362

3,239

3,610

3,356

3,340

3,476

3,748

4,346

4,166

4,196

3,997

Amortization of intangible assets

6,911

7,277

-

-

7,791

8,099

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

131

268

268

268

269

280

280

281

283

284

285

284

286

237

332

330

1,062

1,679

1,679

Amortization of deferred financing costs

78

68

68

192

264

247

324

356

215

177

144

141

126

155

172

197

219

145

142

138

155

122

142

877

118

118

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of debt discount

421

409

692

430

1,260

1,051

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of debt discount

-

-

-

-

-

-

-

-

1,076

1,041

1,006

973

999

941

1,103

1,391

1,258

1,215

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,136

1,142

1,027

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation

196

176

93

404

-22

792

1,144

2,260

7,105

292

155

145

189

192

200

-32

502

456

460

442

446

409

591

513

638

512

467

926

422

493

583

527

998

882

862

722

994

903

Other losses, net

-823

558

5,435

-114

-1,662

944

2,129

739

10,976

1,422

-39

2,708

1,019

-488

1,350

2,239

325

-8,433

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-operating (gains) losses, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,523

411

2,827

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on investments in affiliates

0

0

0

22

0

20

200

200

200

201

-

-

-

500

214

316

259

-42

-2,278

-5,017

200

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-operating (gains) losses, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-701

-

-

-980

-1,319

-

-

-

-

-

-

-

-

Non-operating gains, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,225

-

11,904

-372

-1,925

(Gains) losses, and equity in losses, of affiliates and impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,243

445

-134

1,412

5,489

-2,226

-310

7,934

-3,108

-1,144

427

-

-

-

-

Changes in operating assets and liabilities
Equity in losses of affiliates and impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-370

-646

Accounts receivable, net

4,593

1,564

-1,021

10,493

-12,940

17,558

865

-10,212

-24,196

3,808

-14,289

-11,644

-23,377

18,208

-8,955

-43,767

-6,258

39,850

11,451

-12,300

-20,468

36,287

-13,822

-7,535

-14,320

17,979

-9,120

2,159

-14,303

12,681

-11,760

7,718

-29,069

42,894

13,217

-9,495

-44,324

21,486

Inventories, net

-1,559

2,165

-1,623

-3,820

-854

3,815

-3,621

-2,693

-10,731

-2,926

-1,963

-2,540

-9,040

6,691

247

-8,608

-8,914

9,523

-15,869

-1,286

14,708

-9,392

4,060

-7,362

-10,975

18,680

-8,951

-11,457

-6,751

4,725

-2,752

-183

2,330

18,689

-7,396

837

-177

3,676

Prepaid expenses and other current assets

-84

3,342

-1,971

45

-812

-2,781

-3,314

-3,398

404

1,511

-1,216

974

-2,565

1,235

-13,891

-19,206

5,235

17,099

10,991

3,423

-32

12,198

-1,416

905

658

364

-1,330

-2,164

1,081

57

2,241

-700

1,102

-315

-2,307

1,456

-2,392

146

Accounts payable and accrued expenses

-7,337

4,625

-

-10,924

-3,172

11,301

-

-17,086

-13,543

-1,879

-14,339

-11,617

-19,787

429

8,635

-56,016

-22,750

65,886

-35,353

26,181

32,597

-1,167

6,495

-9,237

-19,834

20,063

-4,653

-13,382

-19,719

31,903

-20,410

-538

-27,252

57,000

1,424

-5,001

-40,809

6,370

Refundable and accrued income taxes, net

-584

639

-986

-226

-1,391

-442

-2,599

5,356

2,358

1,409

-1,252

610

-1

-371

249

493

1,098

820

-2,626

949

519

1,525

-554

-1,680

702

1,221

-1,038

-9

2,262

-4,867

1,557

-6,747

-1,221

645

-3,972

100

-1,151

1,726

Other assets and liabilities

7,323

-6,464

-8,568

7,461

1,664

-2,873

-7,706

16,876

-4,347

1,353

-652

1,588

1,575

-1,540

11,475

7,502

-4,769

-619

-16,216

-1,401

-2,431

-13,097

2,693

2,173

424

-453

1,207

890

2,467

-3,086

-616

-3,980

584

-3,548

5,515

-2,156

322

905

Net cash provided by operating activities

-7,537

22,410

24,465

-19,080

12,931

2,533

7,007

-2,007

12,676

-7,674

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

12,680

-29,781

-

-3,346

-17,275

-1,674

-32,125

31,832

43,102

-23,615

10,728

-1,122

10,062

-9,529

9,760

-5,543

-5,081

8,845

-21,806

-11,552

-10,189

5,234

-2,720

4,782

11,158

-15,592

Additions to property and equipment

6,298

4,072

2,699

2,887

4,947

4,006

4,813

4,307

6,839

2,464

845

584

1,473

1,828

2,140

2,562

1,181

2,053

1,624

3,071

1,958

1,865

1,347

1,460

708

974

2,724

1,002

1,436

2,134

2,239

4,114

3,015

1,750

2,347

2,597

2,007

1,919

Proceeds from the disposition of property and equipment

23

0

0

5

0

14

1

158

16,342

4,247

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of Trading Securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69,221

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

691

-

-

-

-

-

-

-

-

Proceeds from the sale of Trading Securities

-

-

-

-

-

-

0

0

0

13,775

0

2,166

4,925

907

2,271

13,358

14,759

28,939

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

42

0

107

189

27

-

-

-

-

75

187

864

586

308

1,552

0

1,052

1,000

1,477

264

732

Proceeds from investments in affiliates

0

0

0

22

0

20

200

200

200

201

150

232

396

500

-

-

-

-

0

0

400

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-6,112

-4,072

-2,699

-2,860

-4,947

-3,972

-4,612

-3,949

-459,518

15,759

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities:
Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

3,848

-421

-

11,112

15,155

26,844

701

-3,178

-1,747

-71,105

-1,914

-1,632

-1,120

-974

-2,799

-465

-761

-3,411

-2,547

-5,650

-3,007

-2,802

-3,161

-3,959

-2,219

-2,651

Proceeds from revolving line of credit, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,812

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments towards revolving line of credit, net

-

-4,000

-

-

-

0

-

-

-

-

-

-

-

4,978

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of long-term debt

1,500

1,500

1,503

10,376

1,500

1,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of preferred dividends

541

536

531

526

536

536

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of the Company's Convertible Notes

0

0

0

0

0

3,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on capital lease obligations

46

33

20

38

-72

148

474

101

-2

79

0

45

64

62

55

59

57

57

65

58

59

34

49

32

27

22

15

15

-1

31

32

33

30

29

28

48

15

15

Proceeds from issuance of common stock

6

6

0

2

7

6

5

0

0

3

3

3

5

7

-

-

-

-

71

18

10

14

-

-

-

-

-

-

-

-

0

30

32

29

36

43

60

65

Net cash used in financing activities

1,505

-6,063

-6,054

-49,923

-1,957

-5,878

-8,500

-2,213

432,668

-76

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net effect of exchange rate changes on cash, cash equivalents and restricted cash

-62

41

-82

90

29

-358

-573

-834

1,580

-32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-12,206

12,316

15,630

-71,773

6,056

-7,675

-6,678

-9,003

-12,594

7,977

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-94

131

6

0

5

147

12

1

2

173

11

0

21

1,601

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-6,800

4,923

-

-429

-135

-57

6

-40

-21,314

16,792

4,639

96,963

184

-153

-21

26,244

-4

-178

-44

-4

0

-173

-3

-40,006

24

-1,551

Operating cash flows

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

255

0

-579

146

-434

-980

-377

-69

-286

-385

-386

-1,244

-437

-420

-406

Net cash used in discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

255

0

-579

146

-434

-980

-377

-318

-299

-569

-386

-1,342

-437

-420

-406

Net effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

95

-678

-227

-

865

-454

-401

-576

-61

-1,477

-1,279

-492

816

-1,405

872

-346

-496

341

1,107

-1,366

337

-2,143

-1,572

-669

4,523

-250

4,760

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-2,389

9,050

-25,506

-

8,202

-2,709

24,712

-31,994

28,553

18,564

-79,207

12,961

95,280

7,721

-10,363

6,740

19,306

-6,485

5,986

-26,081

-17,168

-15,908

301

-7,895

-35,097

8,293

-15,440