Volt information sciences, inc. (VISI)
CashFlow / Quarterly
Feb'20Nov'19Jul'19Apr'19Jan'19Oct'18Jul'18Jul'18Apr'18Apr'18Jan'18Jan'18Oct'17Oct'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'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss

-10,808

-749

-6,057

-5,165

-3,215

-2,886

-

-11,418

-

-7,687

-10,694

-10,694

-

38,081

-5,518

-854

-4,577

2,787

-4,610

-1,785

-10,962

-244

-4,144

-6,913

-13,319

2,061

-480

-3,495

-17,074

1,620

2,056

-17,461

-17,090

-2,012

-11,241

547

-897

16,004

-2,043

-2,271

3,939

Loss from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-315

0

0

-4,519

-2,448

-3,885

-4,876

-4,392

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

-4,144

-6,913

-8,800

4,509

3,405

1,381

-12,682

-

-

-

-

-

-

-

-

-

-

-

-

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

1,973

1,828

1,769

1,755

1,603

1,694

-

1,789

-

1,874

1,852

1,852

-

2,407

2,238

2,001

1,379

1,428

1,484

1,519

1,538

1,701

1,700

1,639

1,771

2,105

1,953

2,659

2,606

3,551

3,550

3,676

4,154

4,062

4,022

4,075

4,354

4,757

4,756

5,004

5,218

Operating lease asset amortization

2,082

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance (release) of doubtful accounts and sales allowances

5

-

-

-

-22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Release of doubtful accounts and sales allowances

-

-

-

-

-

-17

-

39

-

-118

-102

-102

-

466

519

0

54

86

-29

-37

-174

141

240

19

132

90

-8

-59

-155

3

307

13

56

-86

333

5

-138

684

220

-1,758

380

Unrealized foreign currency exchange (gain) loss

-472

-643

24

148

-39

167

-

192

-

-15

-371

-371

-

-132

-1,841

573

138

299

-292

-1,753

428

54

700

-1,087

915

1,322

3

-738

-179

-518

285

965

574

-216

427

-8

-475

542

607

-1,850

220

Impairment charge

11

262

79

347

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of gain on sale leaseback of property

0

486

486

486

486

486

-

486

-

486

486

486

-

-

-

-

486

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of gain on sale leaseback of property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

486

486

324

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on dispositions of property, equipment and software

327

-1

-7

0

-6

-266

-

0

-

-1

1

1

-

51,971

0

-12

0

1,752

-2

-7

-138

175

142

-7

118

-14

-23

-90

72

20

148

-47

-12

4,392

367

32

107

704

98

756

491

Deferred income tax (benefit) provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,051

0

0

-79

873

0

1,414

1

54

221

-954

-1,003

-14

1,348

203

269

-3,561

539

542

-2,453

Share-based compensation

511

413

294

-95

-113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

-

-

-

-

-

-

-

-

592

-

435

400

-

-

-

627

615

808

755

78

187

342

1,846

242

476

800

72

154

172

33

82

172

129

-27

-5

105

54

82

107

143

128

Accretion of convertible note discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Trade accounts receivable

-10,957

152

-3,308

-10,923

-8,393

4,483

-

-13,363

-

15,689

-23,544

-23,544

-

-8,127

5,665

18,150

-21,616

14,732

1,724

6,983

-28,463

4,055

-13,508

10,897

-31,308

7,995

-1,303

2,152

-42,131

7,214

-6,557

-2,862

-38,867

6,286

-11,663

48,654

-28,558

6,377

-813

23,062

-37,981

Restricted cash

-

-

-

-

-

-

-7,679

-

5,128

-

-4,926

-

-

-399

3,377

5,368

-1,673

-2,257

4,781

-4,932

2,577

3,140

-5,357

251

-4,313

757

2,499

-1,117

-1,253

755

-3,396

-3,731

-4,403

-12,082

-13,451

6,752

5,167

4,423

-3,892

1,386

-2,883

Other assets

-248

463

428

-555

-768

-1,155

-

1,024

-

-1,942

-3,038

-3,038

-

-5,290

1,203

-1,903

-770

-

-1,525

2,742

1,087

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid insurance and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-24,261

720

504

-338

-539

-1,133

-1,243

-5,443

-2,848

2,652

2,143

5,850

-2,363

3,864

84

-28

1,355

2,036

2,886

-5,023

Net assets held for sale

-

-

-

-

-

-

0

-

0

-

0

-

158

-

0

-1,407

1,249

-2,326

-1,353

710

-615

5,538

-2,401

-778

-3,755

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-6,468

1,735

8,414

-187

-7,123

4,607

-

-11,557

-

11,152

-7,925

-7,925

-

-3,563

1,372

10,434

-3,768

-2,645

3,794

-3,740

-4,136

5,520

-9,555

-1,354

-7,659

4,294

-383

5,002

-8,306

561

-19,059

-4,360

-6,107

-5,618

-17,865

11,265

-851

6,569

-3,019

2,568

-9,186

Accrued expenses and other liabilities

1,205

-6,129

-5,561

42

1,936

-1,021

-

-927

-

-4,572

2,413

2,413

-

-2,047

-5,213

-4,433

621

672

-955

-438

2,802

7,215

3,337

-8,416

-4,867

1,318

-2,786

-8,648

-4,481

-954

-9,316

919

2,593

-1,307

-5,809

4,969

3,854

7,465

-2,259

-8,260

-2,769

Deferred revenue, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,138

-4,625

791

-1,897

-9,686

-779

-1,700

-14,262

-22,071

-10,422

-8,930

-15,460

Other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,103

0

0

-140

10

44

-54

-79

492

-454

-265

-138

Income taxes

172

452

-708

216

174

-500

-

385

-

305

584

584

-

2,533

-213

12,054

363

447

-424

19

-1,776

-1,113

1,536

735

-20

-1,449

-1,663

2,318

-1,823

-1,226

-1,768

1,497

-5,767

1,303

-271

-588

-682

3,674

-2,849

-749

-205

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-17,679

-

17,955

-

-

-

-

-5,074

16,873

-6,296

-3,804

-10,114

12,603

27,218

15,124

-18,653

19,635

4,352

547

5,257

24,266

-9,016

-21,684

-12,175

11,786

-9,392

-9,767

-36,687

15,409

-

-

-

-

Net cash provided by operating activities

33

-2,793

703

7,498

1,960

-710

-

-10,503

-

-12,551

-

13,029

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

694

-13,460

-40,216

24,630

CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of investments

0

-178

-116

-108

11

-147

-

-148

-

-150

-310

-310

-

-168

-153

-202

-361

-185

-354

-295

-581

-293

-215

-227

-569

-298

-124

-349

-636

-695

-549

-457

-550

-445

-399

-358

-718

-1,431

-357

-498

-570

Purchases of investments

16

43

60

60

58

68

-

78

-

78

219

219

-

149

39

39

153

47

49

54

237

63

81

263

238

110

89

81

227

409

542

438

505

442

389

360

505

1,514

424

570

435

Proceeds from sale of property, equipment, and software

-

-

-

-

-

-

-1

-

0

-

1

-

-

-

76

142

79

-

-83

-133

363

-

162

96

131

-

0

0

3,000

-

43

15

187

-

-

-

-

-

-

-

-

Proceeds from sale of software related assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Acquisitions, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,822

-

-

-

-

Proceeds from sale of property, equipment, and software

352

-2

43

0

0

19

-

-1

-

0

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67

43

15

-

5,419

1,379

375

485

1,878

358

1,030

529

Purchases of property, equipment, and software

1,370

2,748

2,247

2,360

1,698

1,233

-

1,034

-

953

345

345

-

1,559

1,368

2,012

4,373

3,918

5,168

4,577

3,887

3,433

1,843

2,042

1,234

1,471

1,594

950

1,252

4,706

2,765

1,760

2,391

3,165

4,627

2,960

2,950

3,110

5,243

4,321

5,243

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-881

-

-253

-

-

-

-

13,517

-4,086

-3,767

-4,946

30,733

-3,180

-3,127

-1,547

-1,982

-772

-1,197

-1,559

-682

2,157

-4,353

-2,715

-1,726

-2,159

2,257

-3,238

-2,587

-4,074

-

-

-

-

Net cash used in investing activities

-1,034

-2,615

-2,148

-2,312

-1,767

-1,135

-

-965

-

-881

-

-253

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,315

-4,952

-3,363

-4,579

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of borrowings

10,000

0

5,000

5,000

10,000

5,000

-

10,000

-

30,000

79,696

79,696

-

50,000

0

22,050

5,000

12,150

0

10,000

0

-

-

-

23,506

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43,784

5,271

-2,731

22,313

-2,357

-9,975

-19,937

9,935

-1,435

-18,415

-20,312

7,708

-10,585

-19,198

-9,503

-777

Draw-down on borrowings

10,000

0

5,000

5,000

15,000

5,000

-

10,000

-

0

109,696

109,696

-

0

10,000

15,000

5,000

17,200

0

2,000

0

-125,000

125,000

20,000

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash restricted as collateral for borrowings

-

-

-

-

-

-

-

-

-

-

29,696

-

-

-

-

-

0

-

-

-

-

0

-84

-1,229

-9,123

-14,542

-3,847

-2,976

16

614

-141

-4,293

24

328

-292

18

1,337

-913

5,316

-1,311

669

Repayment of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6,977

318

156

230

299

147

216

212

208

203

265

187

174

209

183

178

175

172

168

165

161

158

Debt issuance costs

230

162

444

37

140

54

-

4

-

84

1,327

1,327

-

439

25

100

626

424

224

87

358

680

514

0

232

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

-1

16

9

27

66

438

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Withholding tax payment on vesting of stock awards

6

2

276

40

0

-

-

-

-

-

-

-

-

-

-

-

-

6

0

0

116

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-448

-

-1,023

-

-

-

-

-7,157

-626

4,670

-225

-15,048

-783

-25,809

-5,594

12,106

-4,762

309

-1,636

5,499

-22,532

1,478

9,929

24,056

-10,168

924

18,529

20,119

-9,217

-

-

-

-

Net cash provided by (used in) financing activities

-236

-164

-720

-77

4,860

-56

-

-213

-

-30,144

-

28,673

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,330

13,717

10,653

-50

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-565

108

-384

180

-429

-1,027

-

-246

-

-683

112

112

-

-855

1,691

439

471

-1,107

-1,310

1,085

-2,313

2,755

-1,721

-2,360

402

-282

-308

28

176

1,616

-51

251

-438

-424

-831

1,181

-287

579

-30

-280

125

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

-1,802

-5,464

-2,549

5,289

4,624

-2,928

-

-11,927

-

-44,259

-

41,561

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid during the period:
Interest

730

789

807

759

801

681

-

602

-

556

-

926

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

602

-

556

-

926

-

1,025

-

977

969

869

869

774

880

782

761

745

1,046

644

810

844

932

953

811

703

703

708

732

740

697

697

672

639

616

658

Income taxes

4

20

958

70

146

858

-

1,351

-

505

627

627

-

1,265

1,145

784

327

589

1,254

361

2,112

1,677

1,004

305

329

963

2,166

683

1,136

999

905

665

8,253

1,246

786

833

875

1,987

2,372

824

674

Reconciliation of cash, cash equivalents, and restricted cash:
Current assets:
Change in cash from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-211

798

237

1,112

-1,161

-

-

-

-

-

-

-

-

-

-

-

-

Cash flow from operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,181

0

3,181

-3,237

-5,252

-3,140

-6,781

-1,562

-

-

-

-

-

-

-

-

-

-

-

-

Cash flow from investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-4,000

-383

-6

-121

-268

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,181

0

3,181

-7,237

-5,635

-3,146

-6,902

-1,830

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-4,248

-

-19,691

-

16,791

-

-

20,720

-4,386

1,725

12,632

-6,500

-10,285

6,656

6,327

-2,144

6,262

-7,708

7,266

-2,453

-6,102

3,200

2,237

-10,275

-14,521

10,406

-979

-6,635

4,693

-17,974

1,832

11,288

-4,725

-33,206

20,126

Note receivable in exchange for Computer Systems segment net assets sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

8,363

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-