Tecnoglass Inc. TGLS Cash Flow

Tecnoglass inc. (TGLS)

CashFlow / TTM

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	Nov'13	Sep'13	Aug'13	Jun'13	May'13	Mar'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11
Net (loss) income attributable to parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-8,526	-	1,346	16,404	31,365	9,511	12,622	2,696	11,939	24,432	-	0	-	0	-	0	-	-	-	-	-	-
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income
-1,730	24,269	9,257	16,728	5,198	8,486	14,070	14,943	15,313	5,725	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,141	-	262	-	974	-	-11,379	-11,048	-12,005	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Provision for bad debts
1,604	1,389	1,646	1,306	691	369	158	98	1,976	3,128	8,317	7,308	5,669	4,686	0	0	0	-	-	-	-	20	-2,072	-1,330	-520	265	-	0	-	0	-	0	-	-	-	-	-	-
Provision for obsolete inventory
-	-	-	-	-	-	26	49	101	80	318	296	238	238	0	0	0	-	-	-	-	-	-	-	-	1,483	-	0	-	0	-	0	-	-	-	-	-	-
Depreciation and amortization
22,135	22,735	22,863	23,257	23,333	23,157	22,760	22,061	21,729	20,969	20,062	18,820	17,096	15,522	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on change in fair value of earnout share liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-12,676	-2,698	-9,662	-5,732	-5,123	-3,289	-1,279	2,859	-1,666	-6,137	-3,640	-7,159	-2,324	-247	707	777	425	-119	-2,325	-2,587	-1,620	-915	4,051	4,509	4,845	4,513	-	0	-	0	-	0	-	-	-	-	-	-
Change in value of derivative liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	43	-24	25	0	0	0	-	-	0	-	0	-	0	-	-	-	-	-	-
Change in fair value of earnout share liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	9,135	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	776	-3,727	-990	-24,068	-24,901	-16,403	501	12,247	-1,711	857	-5,899	-1,254	7,626	-	0	-	0	-	0	-	-	-	-	-	-
Director stock compensation
-	-	-	-	-	-	284	284	284	284	284	276	371	300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,786	9,091	8,542	9,038	8,215	7,555	7,238	-	0	-	0	-	0	-	-	-	-	-	-
Change in fair value of investments held for trading
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) Loss on disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity method income
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred cost of financing
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash adjustments
99	82	-1	15	-468	-142	-999	88	293	-72	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized currency translation losses (gains)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Extinguishment of Debt
-	-	-	-	-	-	-	-	-	2,558	0	0	2,583	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,532	-	-638	-	-1,398	-	10,969	0	0	0	-	-
Accrued interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17	-	34	-	31	-	27	22	12	0	0	0
Changes in operating assets and liabilities:
Trade accounts receivables
3,998	19,615	43,189	36,584	43,771	23,700	14,514	7,285	7,563	-2,497	46,277	6,694	-819	25,979	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due from transfer agent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Subscription receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Trade accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,168	-2,522	6,309	5,002	28,882	49,025	23,517	20,891	-	0	-	0	-	0	-	-	-	-	-	-
Inventories
-2,701	-8,419	7,100	18,657	24,133	28,064	24,549	16,965	18,111	16,447	5,208	3,492	-2,090	4,305	16,076	23,088	30,049	29,185	28,290	23,985	17,104	10,696	6,471	2,806	2,811	6,143	-	0	-	0	-	0	-	-	-	-	-	-
Prepaid expenses
2,439	3,328	3,665	1,968	1,899	1,161	735	486	58	-22	232	68	-527	-799	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	0	0	-	-
Prepaid expenses and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-
Other assets
8,071	7,744	5,892	5,833	7,207	4,645	24	4,079	-1,128	2,004	-2,939	-9,357	-2,605	-1,343	11,096	11,268	12,655	9,535	-7,992	-4,025	-4,650	-1,852	0	0	0	-	-	-	-	0	-	0	-	-	-	-	-	-
Trade accounts payable and accrued expenses
-16,857	-2,396	46,412	45,483	62,987	34,588	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	201	-	114	-	1	0	4	-0	-28	0	0	0
Trade accounts payable
-	-	-	-	-	-	-	-	-	13,055	-15,731	-9,556	-14,859	-985	1,867	18,871	12,596	14,761	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest expense
-126	83	472	619	527	466	-8,574	-3,365	-3,499	3,769	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes payable
3,464	5,075	5,691	4,515	1,203	-4,315	-1,826	-4,055	-12,056	-8,542	-10,180	-11,980	-2,895	-2,299	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Labor liabilities
-686	-19	32	127	208	340	382	150	87	134	320	313	243	439	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract assets and liabilities
-8,583	1,674	8,225	14,624	9,743	8,566	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related parties
773	1,133	2,261	493	-2,228	-23	-842	1,310	2,872	1,815	5,748	8,882	5,952	2,259	10,669	-1,804	1,072	295	-21,565	-17,779	-17,309	-19,132	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	0	0	-	-	0	-	0	-	0	-	-	-	-	-	-
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
32,916	26,739	11,991	10,466	-448	-5,031	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-389	-	-246	-	-448	-	-433	-333	-319	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	0	-	0	-	0	-	-	-	-	-	-
CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES
-	-	-	-	-	-	-	-	-	-	-	-	17,519	-	-19,591	-7,355	-12,025	2,511	19,584	25,324	11,910	-4,810	-11,911	-11,500	-659	10,734	-	0	-	0	-	0	-	-	-	-	-	-
Proceeds from sale of investments
1,481	1,583	1,340	1,846	1,693	1,575	1,208	580	575	571	716	24,427	24,425	24,486	25,763	1,895	1,892	1,913	2,351	2,441	2,539	2,343	2,634	2,328	2,227	3,222	-	0	-	0	-	0	-	-	-	-	-	-
Acquisition of businesses
-	-	-	-	-	-	-	-	-	7,873	0	0	1,163	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash acquired from GM&P and Componenti
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investments
1,514	1,684	1,528	1,198	1,273	1,184	712	535	368	600	2,614	4,937	3,803	26,975	24,510	22,494	24,096	877	1,534	1,397	1,112	1,118	-739	65	-4	107	-	0	-	0	-	0	-	-	-	-	-	-
Acquisition of property and equipment
27,720	24,952	25,809	22,006	15,748	13,117	7,521	7,621	6,150	7,027	13,745	22,088	24,853	22,906	12,535	4,826	10,132	14,901	18,158	32,754	28,432	24,848	24,021	16,645	17,501	20,001	-	0	-	0	-	0	-	-	-	-	-	-
Investment in cash and cash equivalents held in trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	42,740	42,740	42,740	0	0	0
CASH USED IN INVESTING ACTIVITIES
-61,853	-59,153	-60,097	-55,458	-21,328	-18,726	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	-42,740	-42,740	-42,740	0	0	0
Trade accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer advances on uncompleted contracts
-	-	-	-	-	-	-	-	-	-	0	0	-11,761	-	-959	-1,558	4,630	6,323	-749	-10,841	-14,416	-18,461	11,850	20,985	1,596	18,141	-	0	-	0	-	0	-	-	-	-	-	-
Subsidiary distributions prior to acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	2,263	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CASH FLOWS FROM FINANCING ACTIVITIES
CASH USED IN INVESTING ACTIVITIES
-	-	-	-	-	-	-	-	-	-	-	-	-4,708	-	-6,955	-20,989	-27,866	-9,395	-13,561	-28,006	-19,763	-16,381	-20,786	-14,553	-19,013	-20,629	-	0	-	0	-	0	-	-	-	-	-	-
Repayments of debt and capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	188,087	163,394	172,332	102,356	0	0	0	-	69,191	32,699	21,148	12,865	-	0	-	0	-	0	-	-	-	-	-	-
Proceeds from debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	221,108	212,012	215,589	113,274	78,347	89,491	86,135	87,109	90,229	43,040	25,712	21,237	-	0	-	0	-	0	-	-	-	-	-	-
Cash dividend
-	5,227	4,384	3,525	2,934	2,714	2,651	2,611	2,461	2,471	2,605	1,960	1,291	741	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from equity offering
-	36,478	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	0	0	25	0	0	0
Proceed from bond issuance
-	-	-	-	-	-	-	-	-	201,801	0	0	201,884	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt
53,187	45,527	83,208	56,189	32,299	28,600	16,720	8,913	3,502	20,761	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Public Offering, net of offering costs of $1,449,055
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	38,550	38,550	38,550	0	0	0
Payment of additional offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	0	8	73	0	0	0
Proceeds from the exercise of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	2,400	2,400	2,400	0	0	0
Repayments of debt
43,231	29,507	50,740	24,587	7,483	8,860	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Underwriters Options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	500	500	500	0	0	0
Proceeds from Over Allotment, net of offering costs of $60,000
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	1,940	1,940	1,940	0	0	0
Proceeds from note payable to shareholder
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	-	100	-	100	-	0	0	52	0	0	0
Repayment of advances from shareholder
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	71	-	71	71	71	0	0	0
Repayment of note payable to shareholder
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	100	100	100	0	0	0
CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES
8,917	47,271	64,562	64,555	54,932	17,026	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	250	-	100	-	28	-	43,219	43,210	43,223	0	0	0
Proceeds from merger
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES
-	-	-	-	-	-	-	-	-	-	-	-	18,174	-	30,691	46,008	41,076	9,509	-9,204	703	3,795	33,525	44,557	34,020	28,083	8,372	-	0	-	0	-	0	-	-	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents
-4,868	-35	-2,668	-1,850	-2,049	-1,152	116	1,376	494	-36	80	282	941	499	-1,226	47	733	720	2,308	553	922	730	907	6,993	9,125	2,254	-	0	-	0	-	0	-	-	-	-	-	-
NET (DECREASE) INCREASE IN CASH
-24,888	14,822	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCREASE (DECREASE) IN CASH
-	-	-	-	-	-	-	-	-23,767	14,005	12,967	6,557	31,926	4,247	2,919	17,711	1,918	3,345	-873	-1,426	-3,136	13,064	14,870	14,525	17,363	-	-139	-	-146	-	-420	0	45	137	163	0	0	0
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest
19,712	19,660	27,913	18,678	18,543	18,223	9,590	17,984	17,889	15,774	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7,734	-	8,198	7,197	7,367	7,451	6,095	8,125	7,633	7,303	-	0	-	0	-	0	-	-	-	-	-	-
Income Tax
12,442	12,296	12,505	11,251	5,981	8,399	9,167	8,183	18,099	17,834	15,807	27,316	25,378	25,825	31,863	19,701	16,229	13,212	2,334	4,651	4,524	3,101	11,968	9,821	4,183	4,183	-	0	-	0	-	0	-	-	-	-	-	-
NON-CASH INVESTING AND FINANCING ACTIVITES:
Assets acquired under credit or debt
745	1,222	865	1,133	1,601	447	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets acquired under capital lease, financial obligations or credit
-	-	-	-	-	-	-	-	-	1,751	392	8,203	12,758	19,641	39,944	56,577	63,102	65,319	69,250	45,496	36,823	27,778	10,963	19,257	17,741	17,686	-	0	-	0	-	0	-	-	-	-	-	-
Payment of offering costs by shareholder and included in note payable to shareholder
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	0	0	48	0	0	0
Payments of offering costs advanced from shareholder
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	71	0	0	0	-	-