| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net loss | ||||||
-522,000 | -294,000 | -344,000 | -60,000 | |||
Adjustments to reconcile net loss to net cash (used in) / provided by operating activities: | ||||||
Depreciation and amortization | ||||||
115,000 | 111,000 | 119,000 | 106,000 | |||
Undistributed loss from equity method investments | ||||||
-70,000 | -63,000 | -31,000 | 0 | |||
Stock-based compensation | ||||||
5,000 | 5,000 | 2,000 | 3,000 | |||
Contingent consideration write-down | ||||||
0 | -14,000 | -13,000 | 0 | |||
Deferred income taxes | ||||||
-6,000 | 15,000 | -11,000 | -11,000 | |||
Goodwill impairment charge | ||||||
0 | 0 | 234,000 | 0 | |||
Other, net | ||||||
11,000 | 29,000 | 29,000 | 12,000 | |||
Change in operating assets and liabilities: | ||||||
Receivables, gross | ||||||
-43,000 | -58,000 | -12,000 | 153,000 | |||
Accrued expenses | ||||||
19,000 | 4,000 | -9,000 | 64,000 | |||
Related party receivables and payables, net | ||||||
35,000 | -46,000 | 0 | 5,000 | |||
Accounts payable | ||||||
-56,000 | 10,000 | -11,000 | 68,000 | |||
Income taxes | ||||||
3,000 | -40,000 | 10,000 | 20,000 | |||
Inventories, gross | ||||||
-5,000 | 22,000 | -19,000 | 8,000 | |||
Prepaid expenses and contract assets | ||||||
15,000 | 6,000 | 1,000 | 19,000 | |||
Other current assets and liabilities, net | ||||||
10,000 | -6,000 | 9,000 | 11,000 | |||
Net cash used in operating activities | ||||||
-325,000 | -179,000 | -1,000 | -7,000 | |||
Investing activities | ||||||
Proceeds from divestiture of businesses | ||||||
0 | 76,000 | -2,000 | -8,000 | |||
Proceeds from sale of property, plant and equipment | ||||||
2,000 | 4,000 | 7,000 | 2,000 | |||
Capital expenditures | ||||||
213,000 | 188,000 | 110,000 | 103,000 | |||
Equity method investment | ||||||
58,000 | 71,000 | 0 | 0 | |||
Short-term investments mature into cash | ||||||
5,000 | 5,000 | 0 | 0 | |||
Investment | ||||||
1,000 | 0 | 0 | - | |||
Acquisition of intangible assets | ||||||
0 | 1,000 | 0 | 0 | |||
Acquisition of businesses and interest in affiliates, net of cash acquired | ||||||
0 | 0 | 125,000 | 226,000 | |||
Net cash provided by (used in) investing activities | ||||||
-265,000 | -185,000 | -230,000 | -335,000 | |||
Financing activities | ||||||
Dividend paid to non-controlling interest | ||||||
0 | 294,000 | 184,000 | 327,000 | |||
Cash provided at separation by Former Parent | ||||||
0 | 980,000 | 0 | 0 | |||
Net increase / (decrease) in related party short-term debt | ||||||
1,000 | 1,000 | 4,000 | - | |||
Issuance of common stock | ||||||
403,000 | 0 | 0 | - | |||
Proceeds from long-term debt | ||||||
210,000 | 0 | 0 | - | |||
Proceeds from short-term debt | ||||||
22,000 | 0 | 0 | 4,000 | |||
Net increase / (decrease) in related party short-term debt | ||||||
0 | 49,000 | 51,000 | 12,000 | |||
Net cash provided by (used in) financing activities | ||||||
636,000 | 1,226,000 | 232,000 | 343,000 | |||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-16,000 | 2,000 | 0 | 0 | |||
Increase (decrease) in cash and cash equivalents | ||||||
30,000 | 864,000 | 0 | 0 | |||
Supplemental Disclosures: | ||||||
Cash paid for income taxes | ||||||
11,000 | 39,000 | 30,000 | 19,000 | |||
Cash paid for interest | ||||||
4,000 | 0 | 0 | - | |||