Vertex Energy Inc. VTNR Cash Flow

Vertex energy inc. (VTNR)

CashFlow / Quarterly

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	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities
Net income (loss)
2,390	1,372	-1,158	-629	-5,068	-43	-2,393	2,661	-2,208	-184	-2,949	-1,815	-3,187	-2,385	-77	-84	-1,403	-	-	-	-16,966	-11,480	-1,929	6,656	881	3,006	2,329	1,891	1,083	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,105	-159	1,574	2,118	1,028	1,410	1,196
Adjustments to reconcile net loss to cash provided by (used in) operating activities
Stock based compensation expense
163	169	159	171	143	165	165	183	145	145	163	148	148	135	136	131	124	118	128	88	88	158	72	50	51	51	29	46	48	54	39	40	44	44	32	28	33
Depreciation and amortization
1,634	1,846	1,815	1,780	1,737	1,756	1,806	1,733	1,694	1,700	1,697	1,645	1,600	1,569	1,511	1,603	1,593	1,920	1,597	1,561	1,556	1,296	1,180	1,068	732	705	546	536	532	531	98	41	40	40	41	40	37
Loss on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
0	-	0	29	2	-	0	8	42	14	25	-26	-13	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable- related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	0	1	0	8	-7	6	-10
Bad debt and reduction in allowance for bad debt
23	-	-	-	-303	-	-	-	-	-	-	-	-	-	-	-	-	-2,155	160	0	2,650	2,243	-230	0	0	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in fair value of derivative warrant liability
-1,698	-	-	-	1,705	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) Loss on commodity derivative contracts
4,427	-	-	-	-759	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reduction in allowance for bad debt
-	-	-	-	-	299	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on commodity derivative contracts
-	-	-	-	-	-	647	755	456	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in future contracts
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash settlements on commodity derivatives
-4,507	-	-	-	657	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash settlements on commodity derivatives
-	-	-	-	-	-	992	629	763	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in fair value of derivative liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,065	1,645	-1,986	-	818	1,816	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount and deferred costs
47	143	143	143	143	109	183	147	143	143	143	109	318	-	57	13	1,291	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment-in-kind interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	577	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Rent paid by common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	244	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,701	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	375	92	6,481	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred federal income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,306	0	0	0	0	-1,800	-155	21	-10	207	-1,721	-16	98	-1,930	0	0	0
Decrease in fair value of derivative liability
-	-	-	-	-	-2,888	2,169	-475	431	556	-1,371	-384	-920	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities
Accounts receivable
-2,260	1,665	-1,123	-2,263	4,375	-5,235	1,790	1,352	-51	2,391	-723	2,603	-3,934	4,574	-984	3,684	-2,637	-50	-4,975	2,678	418	-10,445	7,493	2,535	-297	2,673	-135	708	222	945	-2,730	2,222	-565	57	-3,379	-159	-471
Inventory
-2,112	669	125	-518	-1,820	1,445	-1,815	349	1,807	1,714	-12	-173	381	686	-101	-792	1,016	-298	-5,241	-2,436	-1,095	-8,161	2,589	4,666	-986	332	-1,127	3,427	37	-465	109	355	-549	2,357	-2,718	-222	-1,923
Prepaid expenses
-1,061	-575	2,782	-775	-1,173	-474	1,759	-776	89	-962	1,949	-610	-1,273	-279	1,760	198	-428	-972	596	-36	364	-1,336	-1,368	1,988	728	492	33	18	26	224	201	-205	27	-39	0	122	-134
Costs in excess of billings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-779	779	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-1,603	-125	-528	-1,877	1,359	958	-2,040	814	1,760	157	1,945	-293	-1,322	3,047	-276	-894	-3,770	318	-8,217	-1,301	661	-1,707	-501	8,272	1,192	704	-153	1,897	1,771	-701	237	-1,158	1,926	-1,001	1,382	326	1,163
Accrued expenses
-3,269	2,741	-72	221	-408	1,218	-547	-13	-614	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-75	-156	-814	722	356	-557	-2,386	2,447	463	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
87	223	0	-2	2	-77	47	153	52	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	-0	-382	253	-	-1	1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable-related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-917	169	-479	606	-472	124	-80	641
Other deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-679	444	-844	1,080	0	0
Net cash provided by (used in) operating activities
3,115	5,531	-3,602	2,520	-1,976	4,966	-2,785	4,088	-893	-574	-1,610	-2,001	1,222	-750	-1,750	-4,781	-6,863	-5,208	-156	-5,089	-2,515	10,008	-15,165	219	3,412	-961	3,826	-1,611	3,139	1,006	-1,618	-37	3,648	338	-2,414	1,472	532
Cash flows from investing activities
Internally developed software
49	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	320	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	124	59	9	37	121	73
Refund of asset acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-675	-	-	-	-	-	-	-	-
Acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	471	0	33	34	694	1,319	0	0	-	-	-	-
Refund of asset acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Purchase of fixed assets
442	462	487	1,644	774	685	243	1,079	490	283	852	-110	1,100	-1,799	1,117	1,093	1,216	652	-36	883	312	1,713	1,591	1,855	780	932	660	462	548	1,057	70	4	2	-28	59	32	0
Proceeds from sale of Bango assets
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	29,788	-4	4	-4	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs related to sale of Bango assets
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,792	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Establish escrow account - restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of fixed assets
0	145	0	76	10	-6	-78	10	75	30	74	160	62	0	0	0	20	92	-4	4	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-491	-425	-867	-1,567	-764	-692	-322	-1,339	-415	-253	-970	-1,214	-1,359	-533	2,716	-1,095	16,299	2,258	-1,045	-1,383	-308	-5,813	-2,991	-30,619	-780	-1,403	-660	-496	93	-1,542	-1,415	-128	-61	19	-97	-153	-73
Cash flows from financing activities
Payments on finance leases
53	52	51	38	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions received from redeemable noncontrolling interest
21,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Line of credit (payments) proceeds, net
-3,276	-2,111	307	-1,290	2,525	-2,155	2,225	-464	-352	853	902	1,928	-1,818	853	-316	1,638	-1,193	-	-	-	-	-	-	-	-	-3,500	-2,500	1,500	-2,250	-	-	-	-	-	-	-	-
Payments on finance leases
-	-	-	-	-	43	23	9	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of common stock options and warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	148	187	24	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of Series C Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance costs of Series B and B-1 Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	-	-	0	-	-	-	-	-	-	-	-
Payment of debt issuance costs
-	-	-	-	-	-	-	-	-	0	0	61	1,656	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from note payable
0	0	2,621	0	187	0	2,357	0	1,667	1,000	1,807	2,603	12,160	106	2,139	38	5,366	0	2,305	0	0	-62	862	40,157	351	-	0	0	0	-	-	-	-	-	-	-	-
Payments on note payable
8,098	1,145	1,971	521	1,021	1,066	1,329	608	1,058	-	971	800	10,241	-	1,507	1,160	16,592	-	1,644	15,925	449	-	835	8,967	666	-	449	449	473	-	3	0	0	-	-	-	-
Proceeds from revolving note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,437	-	-	-	0	-	-	-	-	-	-	0	0	-	-	-	-
Payments on revolving note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments made on notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-500	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of common stock warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	46	34	0	302	0	4
Net cash provided by financing activities
9,571	-3,309	6,275	-2,131	1,668	-3,265	3,229	-1,083	256	808	1,738	3,669	-1,556	-766	316	8,068	-8,419	-304	-494	8,509	487	592	-264	45,035	-293	4,512	-2,931	1,088	-2,723	192	7	46	34	-1,000	1,302	0	4
Net change in cash, cash equivalents and restricted cash
12,195	-	-	-	-1,073	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	1,665	-1,052	-	-841	453	-1,692	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,191	1,017	-3,254	-1,697	2,036	-2,336	4,787	-18,422	14,635	2,337	2,147	233	-1,019	508	-343	-3,026	-119	3,621	-641	-1,209	1,318	463
SUPPLEMENTAL INFORMATION
Cash paid for interest
352	618	665	618	602	688	907	648	477	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	486	260	257	424	531	474	727	764	1,118	953	1,036	867	657	75	72	124	123	76	127	0	0	0	2	3	42	31
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	100	21	0	17	-10	7	10	51	3	41	12
Cash paid for taxes
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	235	-117	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NON-CASH INVESTING AND FINANCING TRANSACTIONS
Conversion of Series B1 Preferred Stock into common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0	0	0	2	-1	1	0	0	0	0	0
Accretion of discount on Series B and B1 Preferred Stock
932	-	-	-	560	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial adjustment of carrying amount redeemable noncontrolling interest
9,091	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of common shares for sale escrow
-	-	-	-	-	-	-	-	-	0	0	0	1	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of redeemable noncontrolling interest to redemption value
10,966	429	756	1,093	0	0	-1,198	556	642	-	424	410	433	-	435	471	386	-	444	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of common shares for sale escrow
-	-	-	-	-	-	-	-	-	0	0	0	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series B1 Preferred Stock
Conversion of Series B1 Preferred Stock into common stock
3,368	-	0	-0	150	-	3,627	207	779	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-