Ultralife corp (ULBI)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Apr'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 income

1,074

1,661

921

2,283

449

19,757

1,435

1,639

2,168

2,168

3,808

1,101

1,094

1,661

1,743

1,016

442

281

496

1,047

774

523

851

-326

-1,376

-1,280

66

622

-2,076

428

-

-

-

-

1,789

1,352

424

-5,703

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,502

-

-

-

-

Loss (gain) from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-61

-31

15

-120

264

-679

200

49

-71

487

4

-2,325

-1,853

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

579

672

586

515

447

496

496

496

484

484

498

497

507

503

525

533

576

589

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

617

582

596

-

726

771

730

-

694

781

856

-

-

-

-

-

-

-

-

Amortization of intangible assets

149

153

148

132

92

97

97

101

102

102

107

106

104

105

100

129

137

137

55

61

59

60

73

78

80

74

101

102

98

101

125

122

125

125

158

155

157

157

Amortization of financing fees

12

12

12

11

9

9

9

9

9

9

10

9

15

18

16

18

18

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

-

-

-

-

-

-

-

-

901

849

837

880

880

890

907

923

Foreign exchange loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-18

11

-1

23

-46

-19

-24

46

-231

43

-7

290

Stock-based compensation

230

234

159

175

185

183

363

205

139

139

124

133

356

40

155

205

169

181

132

135

160

144

282

238

254

229

391

310

240

190

378

331

329

341

343

350

248

284

Loss on Long-Lived Asset Disposals

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-78

-19

19

-36

-

-

-

-

-

-

-

-

-

-

1

-6

-

-

-

-

Deferred income taxes

-242

-410

-165

-641

5

18,697

-18

-37

1

1

1,786

-38

-43

-36

-

-

-53

-42

-18

-55

-55

-55

31

55

55

55

-57

-2

24

148

59

-79

17

-12

-249

-90

-55

-54

Accounts receivable

5,764

3,394

1,556

7,542

-2,076

1,503

-864

-67

939

939

-1,112

2,138

-263

537

384

-770

-1,354

2,407

188

51

-414

392

-877

-373

-55

4,183

1,314

-3,163

4,902

3,641

2,082

1,925

-3,308

-1,882

-6,945

1,079

4,068

-13,237

Inventories

-596

-1,702

-1,758

1,816

4,963

599

-1,609

-1,840

502

502

1,316

317

1,675

-771

-1,226

-1,517

-376

1,138

520

-290

-1,005

-1,326

2,414

-1,418

-415

-627

1,796

3,214

-844

252

-2,356

-493

1,905

-3,178

7,135

-2,459

-8,162

9,224

Prepaid expenses and other assets

-604

28

1,909

-363

1

-711

479

-227

86

86

91

828

-196

-50

-554

286

-421

-41

126

824

-395

202

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19

0

0

-24

Accounts payable and other liabilities

1,913

-693

-885

1,537

1,166

2,054

1,301

-1,882

-2,295

-2,295

1,155

1,028

386

92

333

398

-1,473

-620

268

1,318

-1,859

996

-

-

-

-

-

-

-

-

-591

516

480

-6,016

-830

-1,629

-4,468

702

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,073

-2,875

-

-

-

-

-

-

-

-

5,496

-644

2,746

297

3,959

2,196

908

-1,200

4,206

1,959

2,738

2,035

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-90

0

-75

-29

-

-

-

-

Prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-510

212

101

-

1,017

853

-2,101

36

-245

124

160

-174

188

-214

-66

Accounts payable and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,049

-1,244

-822

-

-3,434

-1,407

-2,977

-

-

-

-

-

-

-

-

Net cash used in operating activities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-998

-

-

-

-

-62

-4

59

31

Net cash used in operating activities

-365

1,877

-601

-3,701

-545

3,355

5,713

2,739

-921

-921

3,613

-371

1,289

2,739

-

-

-

-

-

-

-

3,160

3,160

-481

-1,718

2,704

5,496

-644

2,746

-701

4,997

63

908

-1,200

4,144

1,955

2,797

2,066

INVESTING ACTIVITIES:
Purchase of SWE, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

9,857

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

50

Purchases of property, plant and equipment

565

1,435

1,053

1,212

2,581

2,191

995

827

172

172

421

135

255

581

229

102

819

69

1,600

426

414

470

685

570

86

312

30

292

112

332

674

465

1,337

209

484

353

1,033

492

Proceeds from sale of equipment

120

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in Restricted Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

12

0

4

-16

-268

0

268

-268

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-819

-9,926

-

-

-

-

-

-

-

-

-

-

-

-

-684

-715

-1,337

-209

-648

122

-1,033

-542

Net cash provided by investing activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

11

76

15

Net cash used in investing activities

-445

-1,435

-1,053

-26,460

-2,581

-2,191

-995

-827

-172

-172

-421

-135

-255

-581

-

-

-

-

-

-

-

-454

-417

-570

-354

-44

287

-116

-108

-332

-684

1,418

-1,337

-209

-648

133

-957

-527

FINANCING ACTIVITIES:
Payment of credit facilities

343

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Return of security deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17

17

49

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

29

64

388

122

356

211

64

354

939

939

309

131

248

741

279

106

61

14

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Tax withholdings on stock-based awards

8

0

0

0

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of Exchange Rate Changes on Cash

-

-

-

-

-

-

-

-

-

154

-

-

-

74

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

-

0

0

0

1,957

-

-

-

-

-

-

-

-

-

-

-

-

-

122

3,379

5,551

336

-

-

-

39

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Debt Borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,874

1,156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest Paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

38

77

69

0

71

119

163

Cash paid to repurchase treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Net change in revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

338

19

-2,481

-1,176

-6,538

1,654

Proceeds from stock option exercise

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

-

-

-

-

-

0

0

12

0

0

16

99

16

4

0

53

Net cash used in financing activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-18

-70

-40

Net cash used in financing activities

-322

-379

2,177

15,935

-1,609

-586

64

751

939

939

283

131

248

741

-

-

-

-

-

-

-

-279

-173

-550

11

-39

0

0

0

12

0

-357

354

118

-2,467

-1,196

-6,606

1,665

Effect of exchange rate changes on cash

-164

253

-250

-198

41

-98

-77

-244

154

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

DECREASE IN CASH

-1,296

316

273

-14,424

-4,694

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on debt and capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-870

1,170

-

-

-

-

-

-

-

-

-

-

-

-

0

-357

354

118

-2,467

-1,178

-6,536

1,705

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23

-3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INCREASE IN CASH

-

-

-

-

-

-

-

-

-

0

-

-

-

2,973

3,979

3,530

361

-11,634

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental cash flow information:
Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66

117

127

47

0

67

63

28

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

-7

12

54

57

-82

-33

34

-149

384

-181

-45

107

-202

50

171

301

DECREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,204

-4,344

2,422

2,563

-1,589

-2,007

2,678

5,701

-793

2,672

-1,170

4,697

943

-120

-1,184

827

942

-4,595

3,505