WILLAMETTE VALLEY VINEYARDS INC WVVI Cash Flow

Willamette valley vineyards inc (WVVI)

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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	296,593	536,870	272,265	269,333	281,766	-	-	-	-
NET INCOME
787,082	-	852,200	359,911	426,476	-	641,637	803,256	330,454	-	624,584	593,500	315,130	-	599,811	477,172	487,890	-	454,256	510,231	314,238	-	573,946	546,535	174,915	-	-	-	-	-	-	-	-	-	-	-	28,362
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization
428,235	518,680	394,354	411,896	487,533	486,898	404,418	403,027	398,120	412,100	392,819	372,703	367,113	345,147	335,227	327,775	327,105	323,802	317,438	325,847	307,156	295,331	284,996	258,932	235,478	197,066	180,573	182,080	189,113	143,547	187,203	201,211	193,325	194,284	184,823	181,554	186,483
Loss/(gain) on disposition of property & equipment
0	0	0	0	-487	0	-733	0	-72	-4,512	0	0	1,243	-2,500	0	0	0	-	-	-	-	-	-	-	-	-1,350	0	5,525	-4,850	-	-	-	-	-	-	-	-
Gain on disposition of property & equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Stock based compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	0	4	372	372	6,730	372	5,292	5,291	5,291	5,290	5,291	5,292	10,539	4,100	4,099	4,101	4,098	4,100	4,500	5,302	5,299	3,703	0	0
Non-cash loss from other assets
-	-	-	-	-	14,317	0	0	-14,317	20,066	0	-20,066	10,033	0	0	0	814	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan fee amortization
-3,252	-3,373	-3,312	-3,311	-3,252	-3,313	-3,311	-3,312	-3,312	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent liability
0	-23,657	-26,823	0	50,480	7,886	7,886	7,886	7,886	-55,200	7,886	7,886	7,885	-47,581	6,798	6,797	6,797	-40,145	5,735	5,735	5,735	-32,890	4,699	4,699	4,698	-25,814	3,688	11,062	-3,687	-2,702	-4,626	-1,739	-1,739	-1,739	-1,739	-1,739	-1,739
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-35,715	964,285	-11,905	0	0
Deferred gain
0	911	8,023	8,024	8,025	8,022	8,024	8,024	8,024	-56,167	8,024	8,024	8,024	-56,166	8,024	8,023	8,024	-56,167	8,024	8,024	8,024	-56,165	8,024	8,024	8,023	-56,166	8,024	24,071	-8,024	-8,024	-8,023	-8,024	-8,024	-8,024	-8,023	-8,025	-8,023
Change in operating assets and liabilities:
Accounts receivable, net
533,994	-255,789	316,244	-733,022	133,681	784,674	166,390	-41,295	-316,918	40,437	510,530	-41,192	-398,364	82,940	280,040	-189,130	-360,798	229,554	43,217	81,654	-426,803	-437,546	345,654	-107,435	-183,406	-160,078	-117,694	19,312	117,619	8,145	-138,775	127,024	-98,353	497,585	-490,872	440,353	-264,563
Inventories
-470,442	545,772	116,217	84,516	81,466	904,565	397,063	-245,619	397,506	-2,782,149	248,653	-482,492	193,050	-2,517,196	1,405,450	-101,782	-124,666	-1,194,984	1,191,919	-597,113	-121,714	-71,933	358,064	-451,865	88,476	-294,171	253,985	-582,596	16,354	-661,856	298,719	-86,987	67,053	-814,989	571,230	540,277	-231,565
Prepaid expenses and other current assets
85,822	36,648	-8,629	-49,514	4,676	83,332	-14,856	-45,765	88,987	582,256	26,564	-75,884	-241,298	-211,099	-342,984	114,940	170,576	-220,599	101,711	107,556	30,183	150,899	-39,344	-47,822	-35,988	-227,774	-8,028	212,617	-65,081	-31,505	47,714	61,557	-28,887	6,031	42,026	-188,004	83,806
Unearned revenue
-24,179	-	-34,574	-7,304	-48,968	-	-20,409	-63,133	21,609	-	8,099	-10,512	-8,144	-	15,341	29,951	-28,176	-	-9,589	-118,367	141,363	-	3,672	-633	40,725	-	139,823	0	0	-	-	-	-	-	-	-	-
Deferred revenue-distribution agreement
-	-	-	-	-	0	-23,790	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-35,715	-	-	-	-	-	-	-	-
Grapes payable
-712,123	-	285,500	0	-1,019,129	-	401,854	0	-1,455,569	-	263,514	0	-693,666	-	1,044,848	0	-816,879	-	634,487	0	-698,851	-	660,148	0	-689,028	-	167,539	0	-539,584	-	-	-	-389,233	389,233	0	0	-273,211
Accounts payable
-131,060	303,464	-11,068	-28,546	-167,282	21,371	268,143	-155,015	-319,925	455,519	127,032	-180,923	66,777	78,583	-28,703	162,646	-177,386	-163,725	341,511	-185,538	-273,104	305,833	89,251	-36,534	-172,601	160,831	254,263	-363,480	-140,254	-178,093	277,983	-128,126	287,379	-688,869	116,715	156,930	-32,421
Accrued expenses
-199,950	-10,887	329,247	-14,139	-211,069	-178,964	310,574	140,407	-232,315	-83,420	274,552	-34,610	-280,500	175,542	335,972	6,243	-126,932	-188,633	212,225	105,177	-75,776	-53,173	188,170	28,121	-68,373	-100,141	125,985	-54,228	10,450	106,159	4,026	-35,998	-38,394	38,741	-44,819	43,408	-193,544
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,456	-	-	-	-
Income taxes payable
0	-60,905	155,789	-244,886	150,002	-302,553	81,972	-27,560	122,844	-401,847	67,638	-112,047	181,755	105,415	284,383	0	0	-	-	-	-	-	-	-	-	-17,659	-307,424	196,430	110,994	-13,849	31,508	0	0	-	-	-	-
Income taxes receivable
-294,233	-	-	-	0	-	-	-	-	-	-	-	-	409,026	-62,158	-243,397	101,042	322,477	37,470	-153,398	-88,048	-36,288	0	-151,281	7,918	-125,895	0	-17,468	8,734	-8,734	34,798	80,503	114,036	-229,337	0	133,971	-18,908
Net cash from operating activities
296,116	2,187,493	1,590,740	1,170,239	-657,026	751,110	1,503,936	1,385,348	-1,338,281	71,764	920,866	1,176,054	352,243	628,804	1,255,998	1,372,993	-169,882	738,374	526,909	1,154,469	277,225	798,485	1,042,436	1,564,655	-399,028	459,173	621,235	655,658	-43,237	596,921	991,691	449,272	352,972	366,354	898,878	840,334	137,137
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to vineyard development costs
144,639	-	221,703	233,712	115,650	-	489,345	478,664	153,983	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to vineyard development
-	-	-	-	-	-	-	-	-	-390,590	-226,278	-339,127	-230,051	-262,932	-243,280	-289,109	-207,794	-353,604	-263,688	-159,754	-138,045	-734,224	-106,932	-271,353	-74,488	-60,665	-130,112	-99,718	-474,415	-246,064	0	0	0	-	-	-	-
Additions to property and equipment
1,405,884	1,284,316	1,979,157	724,869	546,653	720,929	954,960	1,263,011	1,107,261	492,788	851,939	1,109,525	328,114	1,925,501	783,336	1,462,198	156,769	339,634	562,745	1,009,916	539,410	464,908	360,394	820,892	883,318	2,366,953	2,347,493	987,897	268,590	289,828	521,994	317,551	248,178	346,490	791,539	500,870	108,099
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	8,000	0	0	45,000	2,500	0	0	0	-	-	-	-	-	-	-	-	0	0	14,900	4,850	-	-	-	-	-	-	-	0
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,759	1,759	-	-	-	-
Payments received on note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	23,231	30,278	-1,130	-1,094	29,483	29,063	-2,319	-2,247	28,607
Net cash from investing activities
-1,550,523	-1,496,904	-2,200,860	-958,581	-662,303	-814,641	-1,444,305	-1,741,675	-1,261,244	-875,378	-1,078,217	-1,448,652	-513,165	-2,185,933	-1,026,616	-1,751,307	-364,563	-691,338	-826,433	-1,229,670	-677,455	-1,199,132	-467,326	-1,092,245	-957,806	-2,427,618	-2,477,605	-1,072,715	-714,924	-514,615	-506,738	-320,404	-216,936	-313,127	-850,155	-503,117	-79,492
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from investor deposits held as liability
-	-	-	-	-	-	-	-	236,824	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term debt
-	-	-	-	-	-	-	-	-	0	0	9,143	2,663,516	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from investor deposits held as restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,019,906	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from investor deposits held as liability
-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1,266,728	810,402	-1,019,906	-1,562,046	3,038,278	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment on installment note for property purchase
20,507	20,203	19,906	19,611	156,988	19,035	18,755	18,477	155,871	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment on installment note for property purchase
-	-	-	-	-	-	-	-	-	-	17,671	17,408	245,417	-	0	0	245,417	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from line of credit borrowing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	644,424	-	-5,250	5,250	0	-	-	-	-	-	-	-	-
Payments on long-term debt
107,869	106,060	104,703	102,983	103,572	101,392	99,194	97,965	98,723	104,269	88,034	92,901	170,004	89,545	87,493	86,212	85,673	84,323	82,288	81,083	81,582	79,580	78,510	77,845	78,516	53,723	52,255	51,449	52,066	50,604	49,274	34,229	48,245	46,916	254,552	57,461	111,793
Issuance of preferred stock, net
-	-	-	-	-	430,356	-119	543,806	5,551	3,681,422	4,596,779	0	0	-876	1,331,894	2,548,710	1,446,142	3,735,437	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,985,000	0	15,000	-	-	-	-	-	-	-	-
Borrowings on long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Payment of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	15,000	0	0	0	0	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	119,537	175,423	208,905	118,530	127,080	93,920	90	18,480	36,000	80,080	97,240	0	0	-	-	-	-	-	-	-	-
Proceeds from stock option exercised
-	-	-	-	-	-	-	-	-	0	0	0	21,630	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
-	-	-	-	-	-	-	-	-	1,572	130,269	170,201	178,674	23,970	160,916	221,290	120,684	475	250,025	0	0	-	-	-	-	25	39,868	55,294	10,700	59,460	10,790	220,019	28,946	-	-	-	-
Net cash from financing activities
-128,376	-1,152,326	-124,609	-122,594	-260,560	-1,139,291	-118,068	190,540	-12,219	1,570,692	3,161,839	2,640,809	2,091,051	-576,920	1,083,485	2,315,723	1,113,905	3,768,451	-123,408	528,281	45,498	14,340	-78,420	-253,789	601,908	1,223,894	337,305	-101,493	-62,766	-103,884	-60,064	-254,248	-77,191	-47,447	983,327	86,136	-111,793
Net cash from operating activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-12,908	8,571	84,802	42,014	322,206	307,283	-	-	-	-
Net cash from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-12,908	8,571	96,843	78,713	322,206	307,283	-	-	-	-
NET CHANGE IN CASH AND CASH EQUIVALENTS
-1,382,783	-461,737	-734,729	89,064	-1,579,889	-1,202,822	-58,437	-165,787	-2,611,744	767,078	3,004,488	2,368,211	1,930,129	-2,134,049	1,312,867	1,937,409	579,460	3,815,487	-422,932	453,080	-354,732	-386,307	496,690	218,621	-754,926	-744,551	-1,519,065	-531,458	-812,356	75,265	503,602	196,826	366,128	506,964	1,105,561	334,051	-54,148
NON-CASH INVESTING AND FINANCING ACTIVITIES
Purchase of property and vineyard development costs with notes payable
-	-	-	-	-	-	-	-	-	-	0	0	1,950,333	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment and vineyard development costs included in accounts payable
737,271	-	17,997	86,253	50,525	-	16,121	131,334	29,883	-102,561	56,777	111,281	54,507	79,783	-141,323	117,046	44,390	-28,302	4,631	35,229	4,530	-	-	-	62,431	-790,637	461,478	576,536	0	-	-	-	-	-	-	-	-
Accrued preferred stock dividend
256,452	-	-	-	256,452	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment included in accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,390	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-