Willdan Group, Inc. WLDN Cash Flow

Willdan group, inc. (WLDN)

CashFlow / TTM

Apr'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Sep'18	Jun'18	Jun'18	Mar'18	Mar'18	Dec'17	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	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 loss
-2,896	4,841	2,840	5,735	7,410	10,030	-	12,119	-	11,694	11,691	11,691	-	12,129	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,842	-	5,926	9,305	9,596	9,416	8,070	4,751	3,546	2,630	2,229	2,174	-15,490	-17,300	-18,379	-17,001	710	1,830	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
17,252	15,472	14,444	9,680	7,849	6,211	-	4,497	-	4,455	4,264	4,264	-	4,082	3,882	3,524	3,529	-	3,220	3,110	2,717	2,253	2,072	1,407	1,176	786	460	462	480	522	585	620	660	712	737	780	812	861	944	0	0	0
Deferred income taxes, net
-2,414	-209	-1,715	-2,265	-2,695	-2,890	-	-2,623	-	-916	467	467	-	621	453	1,114	984	-	1,225	1,834	1,674	1,551	1,758	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease abandonment recovery, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-30	-12	-9	-35	-26	0	0	0	-	-	-	-
Lease abandonment expense (recovery), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
(Gain) loss on sale/disposal of equipment
-1	8	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37	-22	-12	-4	-11	6	-2	-1	6	0	0	0	-	-	-	-	-2	0	0	0
Provision for doubtful accounts
1,390	1,051	409	328	401	470	-	226	-	175	-101	-101	-	-189	26	135	193	-	216	320	280	464	659	540	759	658	510	283	130	114	101	99	403	680	673	0	0	0	-	-	-	-
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Stock-based compensation
14,890	12,112	9,979	7,577	7,015	6,262	-	5,213	-	4,404	3,362	3,362	-	2,774	2,499	1,871	1,508	-	1,239	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	206	155	141	150	0	0	0	-	-	-	-	-	-	-	-
Accretion and fair value adjustments of contingent consideration
-79	-302	-1,253	-2,675	-1,653	-1,426	-	-336	-	1,497	1,327	1,327	-	1,156	939	192	216	-	21	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts receivable
10,867	-11,627	2,824	-2,881	-3,473	-3,177	-	-17,141	-	-6,718	-11,298	-11,298	-	7,412	8,921	-1,295	-2,584	-	-1,288	-2,115	-3,401	3,561	4,354	519	6,885	5,882	532	3,990	1,311	-1,169	-2,216	-3,587	-10,405	-1,796	-625	195	11,153	1,062	2,507	0	0	0
Contract assets
-7,965	34,598	13,508	2,777	508	11,539	-	15,796	-	11,904	12,349	12,349	-	5,744	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs and estimated earnings in excess of billings on uncompleted contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,057	-	3,491	7,423	541	1,180	3,769	3,416	4,312	2,535	4,481	2,782	-411	-225	-1,589	-365	-12,825	-10,812	-6,166	-5,979	11,089	8,427	0	0	0
Other receivables
2,271	2,714	441	-1,306	-3,537	-4,081	-	-1,463	-	-781	1,749	1,749	-	1,126	-929	833	-573	-	-82	1,950	-210	-15	-31	-743	-126	-138	-4	826	381	249	117	-66	-18	24	-80	-114	-87	-33	-1	0	0	0
Prepaid expenses and other current assets
557	343	-828	-338	-269	154	-	851	-	166	42	42	-	1,096	351	846	842	-	519	715	825	-13	-203	286	195	390	-133	-195	17	644	595	498	-271	-439	58	67	73	157	10	0	0	0
Other assets
5,598	6,520	1,036	1,299	995	778	-	97	-	98	98	98	-	-25	181	252	154	-	169	-12	-66	-413	-31	-94	-188	259	202	240	348	348	26	-39	-51	-150	-76	-42	-37	53	-24	0	0	0
Accounts payable
3,771	-6,294	-5,459	-1,283	3,496	-1,583	-	-4,182	-	-8,901	-4,495	-4,495	-	3,186	3,854	7,084	3,317	-	206	905	-3,653	-317	1,842	1,736	1,941	1,184	-720	766	1,645	-855	-3,026	-1,514	-7,568	-6,065	-1,199	-1,980	7,022	5,866	2,802	0	0	0
Changes in excess of outstanding checks over bank balance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-327	-511	-1,279	-589	507	-183	1,061	554	0	0	0
Accrued liabilities
-5,441	16,761	891	-631	-1,152	-1,945	-	5,997	-	1,804	-5,640	-5,640	-	4,329	-177	5,064	12,650	-	8,409	5,783	5,055	-826	-1,320	89	3,744	1,986	4,860	2,796	2,031	1,564	502	-1,610	-3,037	-3,061	-4,886	-2,103	-344	2,596	4,206	0	0	0
Contract liabilities
2,313	315	753	-1,049	-1,805	-2,272	-	-2,101	-	-1,472	-2,200	-2,200	-	-1,593	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Billings in excess of costs and estimated earnings on uncompleted contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,159	-	2,464	3,536	3,632	2,285	1,723	3,351	2,447	1,616	1,816	-889	-833	-1,172	-993	1,744	2,125	2,667	2,451	502	-659	-289	0	0	0
Deferred lease obligations
-	-	-	-	-	-	-	-51	-	-50	-32	-32	-100	-	-78	-66	-61	-	-23	450	498	542	573	235	196	145	35	-138	-210	-260	-284	-292	-250	-217	-186	-202	-244	-241	-234	0	0	0
Right-of-use assets
-130	-430	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,783	-	11,837	10,321	4,867	11,896	2,830	3,589	5,229	1,213	4,242	5,795	6,211	4,682	859	-1,348	-2,177	-683	0	0	0
Net cash provided by operating activities
17,589	11,621	4,288	16,019	24,782	7,568	-	20,603	-	8,034	5,730	5,730	-	11,069	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from investing activities:
Purchase of equipment and leasehold improvements
6,864	6,637	7,021	5,213	3,890	2,105	-	1,072	-	1,279	1,739	1,739	-	2,178	2,102	2,083	1,988	-	1,662	2,183	2,135	2,521	2,475	1,991	1,491	670	492	237	550	274	306	332	225	351	359	361	352	267	395	0	0	0
Proceeds from sale of equipment
27	45	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27	0	0	0	-	-	-	-	6	0	0	0
Cash paid for acquisitions, net of cash acquired
-	71,756	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	8,857	8,857	8,857	9,982	8,168	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-56,793	-78,348	-174,847	-148,296	-149,940	-126,390	-	-4,025	-	-18,840	-16,342	-16,342	-	-16,781	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from financing activities:
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12,496	-	-10,159	-9,654	-7,708	-487	-221	-534	-252	-279	-310	-202	-326	-339	-347	-3,072	-2,995	-3,122	0	0	0
Payments on contingent consideration
1,610	1,381	1,909	2,478	2,879	4,296	-	3,818	-	3,399	2,823	2,823	-	1,709	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on notes payable
1,521	1,842	1,465	1,023	566	477	-	1,277	-	2,245	3,275	3,275	-	4,164	4,565	4,581	4,711	-	4,378	3,545	3,058	2,538	2,090	1,273	891	455	162	534	564	573	621	685	633	652	663	745	657	433	211	0	0	0
Proceeds from notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,606	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	667	0	0	0
Borrowings under term loan facility and line of credit
133,000	138,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,663	22,946	31,961	32,197	33,965	0	0	0
Repayments under term loan facility and line of credit
89,500	78,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,919	22,866	28,961	30,405	34,709	0	0	0
Principal payments on finance leases
647	639	384	460	365	367	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on capital lease obligations
-	-	-	-	-	-	388	-	375	-	359	-	390	-	434	399	515	-	522	543	588	423	350	272	551	275	261	219	-187	67	62	88	142	152	164	176	189	202	202	0	0	0
Proceeds from stock option exercise
900	931	1,050	850	680	668	-	626	-	567	880	880	-	1,901	1,914	1,953	1,580	-	327	307	214	448	512	539	713	516	450	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-
Proceeds from sales of common stock under employee stock purchase plan
2,064	1,740	1,741	1,433	1,433	1,300	-	1,299	-	1,102	1,102	1,102	-	830	830	440	440	-	209	301	205	205	170	78	126	126	76	76	64	64	73	73	82	92	120	120	126	116	93	0	0	0
Shares used to pay taxes on stock grants
3,231	2,880	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted Stock Award and Units
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,652	-	1,072	1,397	1,862	103	126	290	-3,012	-3,091	-2,808	-2,620	-487	2,662	443	2,748	2,995	164	0	0	0
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,365	-	2,750	2,064	-979	11,512	2,735	3,345	1,965	-2,157	1,124	2,973	5,398	7,005	955	-1,672	-2,177	-3,641	0	0	0
Net cash (used in) provided by financing activities
40,447	56,920	153,878	148,654	130,866	119,657	-	-5,500	-	-4,292	-3,475	-3,475	-	-2,532	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
1,243	-9,807	-16,681	16,377	5,708	835	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-14,087	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest
4,939	4,169	3,733	2,597	1,436	494	-	98	-	99	101	101	-	111	130	150	163	-	179	184	193	204	203	161	113	60	16	25	26	77	100	113	136	112	106	105	91	75	77	0	0	0
Income taxes
0	-	-	-	-	3,163	-	2,669	-	1,337	2,537	2,537	-	2,750	1,971	2,369	1,438	-	1,875	2,044	1,716	1,273	949	1,024	381	481	134	221	289	290	324	244	249	171	139	0	0	0	-	-	-	-
Supplemental disclosures of noncash investing and financing activities:
Other working capital adjustment
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of notes payable related to business acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,569	4,569	4,569	4,569	4,250	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock related to business acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,228	2,228	2,230	2,230	1,485	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration related to business acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,178	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment acquired under finance leases
0	-	-	688	561	462	-	312	-	334	424	424	-	294	450	447	-479	-	373	0	0	0	-	-	-	-	677	0	0	0	-	-	-	-	151	181	154	154	247	0	0	0