Tessco technologies inc (TESS)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jul'18Jun'18Apr'18Mar'18Dec'17Dec'17Sep'17Jun'17Mar'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'11Dec'10Sep'10Jun'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income

-5,021

22

-2,492

492

2,704

1,190

1,158

1,158

-

1,168

-

1,570

1,773

682

-

-857

1,227

994

80

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,886

2,748

1,695

-231

1,681

3,513

3,671

2,955

4,420

4,581

4,292

2,919

5,398

5,268

4,206

3,548

4,773

3,540

4,574

1,641

2,961

3,345

2,069

Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization

795

1,113

960

912

868

900

937

937

-

961

-

999

1,041

989

-

877

1,085

1,098

1,176

1,161

1,229

1,207

1,131

1,090

1,140

1,185

1,167

1,149

1,241

1,261

1,212

1,259

1,224

1,247

1,247

1,271

1,243

1,157

1,173

1,204

1,141

1,085

1,013

Non-cash stock-based compensation expense

212

391

338

264

274

384

320

320

-

256

-

243

254

247

-

143

98

76

115

218

110

268

131

214

269

228

449

492

498

517

579

700

734

764

337

679

726

701

821

1,319

-408

805

557

Deferred income taxes and other

-

-

1,087

-

-

-

249

249

-

-2,857

-

-227

22

196

-

-290

-128

-168

-201

507

-267

-151

-136

1,783

-220

-113

-102

-877

-171

161

-154

-1,361

534

94

-111

2,540

76

47

319

-792

-4

115

-392

Change in trade accounts receivable

-9,079

10,370

-12,711

3,591

-7,520

5,079

4,953

4,953

-

2,841

-

-7,888

13,176

15,029

-

-6,277

386

9,278

3,000

-8,895

1,046

2,688

3,904

-4,304

-16,788

-13

13,182

3,889

-11,453

-5,783

-1,334

-16,904

5,337

-3,325

8,322

-34,869

52,421

-12,179

17,666

-13,542

41,655

-17,425

-5,653

Change in product inventory

-13,371

-17,263

29,562

-2,799

-15,024

3,302

14,044

14,044

-

5,822

-

-6,728

1,123

8,121

-

854

-9,122

13,956

4,391

-12,027

-9,168

-2,919

5,656

7,248

-16,723

8,822

11,060

-416

-3,849

-240

5,548

-4,132

-11,244

18,674

4,254

-16,329

13,023

5,208

5,747

-4,138

17,442

-4,687

-7,898

Change in prepaid expenses and other current assets

-2,200

1,526

1,992

-403

1,047

-667

1,096

1,096

-

-55

-

114

-256

821

-

-1,127

-602

-359

37

385

-1,337

-1,510

-2,490

516

6,874

-1,257

2,399

-83

-193

-679

-189

519

-1,187

217

1,623

423

-238

401

52

-1,225

2,910

-221

-1,392

Change in trade accounts payable

-12,126

-17,079

17,709

4,549

-20,096

5,178

15,442

15,442

-

4,657

-

-6,787

6,058

9,530

-

-5,034

-11,227

20,400

7,457

-7,172

-7,290

-3,602

8,247

722

-22,445

1,671

21,098

6,682

-14,740

-553

-5,840

-23,198

-20,024

10,063

20,024

-55,539

58,129

850

11,991

-19,219

-7,893

15,961

14,700

Change in payroll, benefits and taxes

1,509

-1,510

-543

-1,065

967

-617

-1,645

-1,645

-

2,149

-

-694

1,775

-1,711

-

2,084

-407

1,061

-895

212

-1,450

830

-196

1,115

-911

149

-2,491

-117

392

1,985

-6,268

3,075

135

3,474

-12,218

3,826

3,750

1,171

1,121

-186

1,433

735

-3,614

Change in income and sales tax liabilities

10

10

-497

-552

161

-1,570

370

370

-

-50

-

633

283

107

-

-451

682

-69

-269

-718

-42

606

-221

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in income and sales tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

431

18

217

-

73

-175

337

-433

156

-828

1,712

-1,036

1,196

-1,274

584

420

-1,567

1,007

127

Change in accrued expenses and other current liabilities

-114

707

294

-179

151

285

1,554

1,554

-

408

-

-772

181

-218

-

-694

-569

-135

89

-310

-805

-1,577

-1,788

-92

7,853

61

285

-55

46

150

122

163

11

41

104

6

93

26

-76

-146

78

257

80

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,830

2,071

1,792

1,163

13,573

-876

-2,780

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities

11,034

-12,047

-1,985

4,992

6,505

-1,544

-1,706

-1,706

-

-1,913

-

9,466

-2,652

-14,147

-

2,444

100

382

124

-

-

-

-

-

-

-

-

-

-

14,982

-10,418

-

-5,051

6,217

-2,321

7,134

4,780

12,789

-2,959

2,307

9,153

979

-402

CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property and equipment

354

290

449

211

1,756

474

413

413

-

1,071

-

291

101

182

-

-1,183

1,531

179

203

-1,811

605

847

906

1,018

593

848

490

1,922

516

1,403

902

1,119

1,698

2,083

456

1,552

2,512

2,058

390

567

1,519

1,550

1,204

Purchases of internal use software

3,143

1,172

1,421

667

213

404

1,024

1,024

-

338

-

375

518

661

-

-

-

420

387

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-3,498

-1,463

-1,870

-878

-1,970

-878

-1,437

-1,437

-

-1,409

-

-666

-619

-843

-

-649

-722

-599

-590

-

-

-

-

-

-

-

-

-

-

-1,403

-902

-

-1,695

-2,083

-456

-1,552

-2,512

-2,058

-390

-567

-1,519

-4,402

-1,204

CASH FLOWS FROM FINANCING ACTIVITIES
Net borrowings from revolving line of credit

-5,922

15,164

5,737

-2,527

-2,835

3,970

4,935

4,935

-

4,898

-

-7,341

4,940

8,338

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,145

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from note receivable

-

-

-

-

-

-

-

-

-

15

-

21

23

15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-605

-847

-906

-1,018

-593

-845

-490

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

104

0

113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on debt

0

0

2

6

6

6

6

6

-

6

-

6

6

6

-

6

6

6

1,881

62

62

62

62

62

62

62

62

62

60

64

62

62

62

62

62

62

99

98

100

96

62

98

133

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

329

0

77

-3

Cash dividends paid

1,709

1,704

1,702

1,692

1,690

1,687

1,684

1,684

-

1,678

-

1,675

1,674

1,672

-

1,667

1,666

1,661

1,661

1,654

1,654

1,652

1,653

1,637

1,659

1,666

1,666

1,646

1,481

1,480

1,478

1,450

7,490

1,445

1,444

1,167

1,167

1,164

775

756

755

754

754

Purchases of treasury stock and repurchases of stock from employees and directors for minimum tax withholdings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,379

238

1,404

-

0

50

1,378

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of treasury stock and repurchases of stock from employees and directors for minimum tax withholdings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

228

0

1,799

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-129

0

0

510

-342

-0

0

1,172

-86

0

-99

1,004

48

136

0

2,140

22

0

68

403

0

0

0

751

Purchases of treasury stock and repurchases of stock from employees

11

0

189

0

0

0

111

111

-

0

-

0

-0

64

-

4

0

0

187

110

0

0

826

-

-

-

-

-

-

-

-

-

-

-

-

-

0

192

463

-

0

32

1,200

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,717

-1,634

-2,032

-2,157

-6,101

-1,857

-1,959

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-7,644

13,601

3,843

-4,085

-4,533

2,414

3,133

3,133

-

3,300

-

-9,003

3,359

6,609

-

-1,609

-1,777

-1,600

-3,844

-

-

-

-

-

-

-

-

-

-

-10,726

7,231

-

-7,644

-1,416

-1,165

-1,821

-1,265

-1,176

-935

-859

-817

-807

-1,339

Net decrease in cash and cash equivalents

-107

91

-13

28

1

-9

-10

-10

-23

-

-

-203

87

-8,381

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

185

-

-2,400

-1,817

-4,311

9,408

1,507

-410

-1,146

-2,012

6,879

-3,579

-5,231

3,186

5,050

2,852

-4,090

1,873

-14,391

2,717

-3,943

3,760

1,003

9,554

-4,284

880

6,815

-4,230

-2,946