SERVOTRONICS INC /DE/ SVT Cash Flow

Servotronics inc /de/ (SVT)

CashFlow / Quarterly

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	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows related to operating activities:
Net Income
1,898,000	165,000	1,132,000	714,000	98,000	1,003,000	1,457,000	707,000	331,000	515,000	671,000	105,000	26,000	125,000	366,000	1,004,000	258,000	461,000	744,000	621,000	2,771,000	-127,000	-3,301,000	447,000	-145,000	-64,000	358,000	504,000	177,000	95,000	-124,000	286,000	63,000	588,000	904,000	716,000	418,000
Adjustments to reconcile net income to net cash (used) generated by operating activities:
Depreciation and amortization
354,000	366,000	339,000	289,000	274,000	264,000	259,000	258,000	244,000	248,000	209,000	218,000	210,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	176,000	144,000	169,000	171,000	188,000	163,000	168,000	167,000
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	213,000	198,000	205,000	207,000	-	185,000	177,000	163,000	-	150,000	171,000	169,000	-	152,000	155,000	153,000	-	-	-	-	-	-	-	-
Loss on disposal of property
-	-	-	-	-	0	0	0	-1,000	0	0	-2,000	-14,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock based compensation
85,000	77,000	86,000	95,000	58,000	-	-	-	-	37,000	69,000	54,000	53,000	93,000	148,000	148,000	90,000	90,000	91,000	90,000	90,000	90,000	91,000	90,000	90,000	90,000	90,000	75,000	0	-	-	-	-	-	-	-	-
Increase (decrease) in inventory reserve
-75,000	51,000	51,000	-74,000	78,000	-51,000	0	-33,000	-21,000	-45,000	-31,000	1,000	-13,000	-70,000	32,000	-48,000	2,000	-63,000	-57,000	-4,000	-51,000	-363,000	-96,000	-40,000	-41,000	19,000	1,000	36,000	8,000	-32,000	-6,000	-39,000	-14,000	-	-	-	-
Increase in allowance for doubtful accounts
69,000	196,000	-3,000	-36,000	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,000	15,000	-	-	-	-
Increase in allowance for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	1,000	-3,000	-3,000	-3,000	-2,000	3,000	26,000	-4,000	-3,000	4,000	-17,000	-33,000	-10,000	19,000	-9,000	-8,000	-10,000	-	-	-	-	-	-	-	-
Increase in warranty reserve
-	0	0	47,000	-39,000	-20,000	-152,000	-105,000	-112,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,000	0	0	1,752,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in assets and liabilities:
Increase in inventory reserve
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000
Accounts receivable
-80,000	2,430,000	-23,000	59,000	298,000	-222,000	869,000	830,000	706,000	-671,000	1,874,000	390,000	-531,000	89,000	-469,000	944,000	26,000	194,000	447,000	-243,000	440,000	287,000	146,000	355,000	188,000	-429,000	-396,000	238,000	711,000	-508,000	-774,000	483,000	-345,000	165,000	296,000	-392,000	551,000
Inventories
3,383,000	221,000	2,894,000	1,343,000	437,000	550,000	1,064,000	500,000	350,000	-157,000	-46,000	-254,000	43,000	-576,000	368,000	181,000	917,000	-144,000	646,000	4,000	116,000	-447,000	91,000	391,000	616,000	-23,000	481,000	422,000	-228,000	3,000	-62,000	1,014,000	154,000	-60,000	404,000	223,000	130,000
Prepaid income taxes
-373,000	416,000	-210,000	-121,000	17,000	-	-	-	-	-363,000	157,000	-1,000	25,000	56,000	110,000	-64,000	-109,000	-	-	-223,000	337,000	-36,000	-120,000	-177,000	23,000	291,000	-8,000	-374,000	-7,000	-176,000	-264,000	190,000	-27,000	6,000	-156,000	-56,000	-170,000
Other current assets
87,000	-	-	-	162,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
-	-	-	-	-	-	-	10,000	170,000	-114,000	-15,000	-287,000	278,000	-14,000	-379,000	-219,000	673,000	-505,000	216,000	65,000	100,000	-79,000	64,000	-93,000	247,000	-252,000	36,000	-35,000	256,000	-405,000	-81,000	-25,000	328,000	51,000	-88,000	-122,000	327,000
Other non-current assets
-	-174,000	131,000	-68,000	62,000	-	-3,000	-2,000	-4,000	0	-369,000	375,000	3,000	2,000	1,000	0	5,000	-1,000	-14,000	-2,000	5,000	30,000	1,000	2,000	5,000	-	-2,000	-10,000	-2,000	7,000	13,000	9,000	2,000	25,000	15,000	8,000	6,000
Accounts payable
72,000	1,116,000	-347,000	262,000	933,000	-85,000	33,000	521,000	648,000	-615,000	424,000	22,000	-534,000	-53,000	-71,000	224,000	445,000	-501,000	342,000	-365,000	697,000	-151,000	-263,000	297,000	246,000	-247,000	57,000	306,000	49,000	46,000	-434,000	108,000	-120,000	166,000	195,000	-113,000	-44,000
Accrued employee compensation and benefit costs
145,000	-	284,000	-47,000	27,000	-	-331,000	543,000	-250,000	106,000	403,000	-96,000	162,000	109,000	-283,000	-109,000	376,000	-269,000	64,000	49,000	235,000	145,000	-13,000	3,000	38,000	-164,000	246,000	39,000	158,000	-271,000	115,000	-193,000	274,000	-60,000	-28,000	-24,000	231,000
Post retirement obligation
99,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued arbitration award liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-5,152,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other accrued liabilities
-102,000	-51,000	187,000	-79,000	120,000	-168,000	242,000	-411,000	-62,000	152,000	350,000	-27,000	-69,000	-95,000	-66,000	158,000	53,000	-8,000	64,000	-193,000	67,000	-78,000	222,000	-351,000	354,000	22,000	-9,000	35,000	-140,000	-245,000	288,000	8,000	-144,000	-14,000	190,000	-29,000	-50,000
Accrued income taxes
-	-	-	-	-	-121,000	121,000	-478,000	64,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	261,000	4,000	-33,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used) provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	58,000	1,069,000	405,000	1,054,000	-87,000	161,000	653,000	777,000	-360,000	-	360,000	186,000	-296,000	-	751,000	829,000	-351,000	-	-	-	-	-	-	-	-118,000
Net cash (used) generated by operating activities
-322,000	-375,000	-883,000	133,000	505,000	837,000	233,000	-124,000	-113,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,086,000	1,304,000	-856,000	161,000	-	-	-	-
Cash flows related to investing activities:
Capital expenditures - property, plant and equipment
413,000	611,000	520,000	498,000	642,000	414,000	468,000	473,000	511,000	775,000	830,000	388,000	183,000	205,000	85,000	523,000	178,000	-253,000	738,000	366,000	281,000	1,377,000	900,000	459,000	418,000	439,000	135,000	511,000	478,000	491,000	258,000	49,000	87,000	173,000	250,000	84,000	101,000
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	0	0	0	180,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used by investing activities
-413,000	-580,000	-426,000	-623,000	-642,000	-414,000	-468,000	-473,000	-511,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-481,000	382,000	-49,000	-87,000	-	-	-	-
Cash flows related to financing activities:
Principal payments on long-term debt
136,000	137,000	137,000	138,000	136,000	138,000	136,000	137,000	137,000	138,000	114,000	137,000	158,000	138,000	137,000	136,000	137,000	138,000	136,000	115,000	159,000	2,645,000	8,000	4,000	5,000	178,000	5,000	6,000	5,000	173,000	7,000	10,000	12,000	208,000	38,000	39,000	38,000
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	70,000	0	0	215,000	19,000	-	-	-	-
Principal payments on equipment financing lease/note obligations
73,000	77,000	121,000	42,000	45,000	41,000	46,000	38,000	35,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	21,000	20,000	21,000	20,000	20,000	20,000
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-3,000	-205,000	-85,000	-523,000	-178,000	253,000	-738,000	-333,000	-281,000	-	-900,000	-459,000	-418,000	-	-92,000	-511,000	-478,000	-	-	-	-	-	-	-	-101,000
Proceeds from line of credit
750,000	-	-	-	-	-	-	-	92,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury shares
100,000	0	8,000	21,000	128,000	25,000	0	33,000	117,000	-8,000	43,000	0	160,000	78,000	32,000	0	165,000	0	0	0	114,000	13,000	0	33,000	156,000	236,000	192,000	35,000	144,000	-	-	-	-	-	-	-	-
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-318,000	-216,000	-169,000	-516,000	-302,000	-131,000	-511,000	-115,000	-273,000	-	992,000	-37,000	-161,000	-	-603,000	-41,000	-79,000	-	-	-	-	-	-	-	-58,000
Net cash provided (used) by financing activities
441,000	1,826,000	618,000	187,000	-309,000	-204,000	-585,000	-90,000	-197,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-579,000	-405,000	162,000	-13,000	-	-	-	-
Net decrease in cash
-294,000	-	-	-	-446,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-687,000	-821,000	2,662,000	-543,000	-664,000	-263,000	648,000	151,000	15,000	-567,000	283,000	-596,000	329,000	-914,000	397,000	452,000	-310,000	-875,000	-496,000	56,000	277,000	-908,000	26,000	1,281,000	-743,000	61,000	14,000	140,000	624,000	-277,000