ZYNEX INC ZYXI Cash Flow

Zynex inc (ZYXI)

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
2,937,000	-	-	-	2,350,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	599,000	591,000	484,000	-110,000
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,554,000	-749,000	-1,727,000	-310,000	397,000	358,000	473,000	320,000	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
252,000	-	-	-	160,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100,000	191,000	204,000	213,000	184,000	215,000	219,000	213,000	212,000	205,000	196,000	193,000
Inventory reserves
249,000	-	-	-	150,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in the value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-24,000	0	-74,000	4,000	-	-	-	-	-	-	-	-
Provision for losses on accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,000	153,000	153,000	136,000	160,000	167,000	95,000	63,000	0	560,000	546,000	84,000
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	92,000	9,000	15,000	15,000	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,000	13,000	12,000	13,000	13,000	13,000	12,000	12,000	55,000	13,000	13,000	10,000
Issuance of common stock for services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,000	17,000	26,000	18,000
Change in obsolete inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	101,000	175,000	17,000	-	-	-	-	-	-	-	-
Deferred rent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-93,000	-74,000	-74,000	-73,000	-75,000	-387,000	55,000	166,000	-55,000
Stock-based compensation
497,000	-	-	-	140,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,000	29,000	33,000	36,000	16,000	60,000	44,000	46,000	60,000	61,000	68,000	78,000
Non-cash lease expense
-10,000	-	-	-	153,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for deferred income taxes
-473,000	-	-	-	786,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-118,000	7,000	-76,000	19,000	-79,000	-135,000	-30,000	-51,000
Change in operating assets and liabilities:
Accounts receivable
716,000	-	-	-	355,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,763,000	-799,000	-1,306,000	-854,000	132,000	276,000	596,000	721,000	228,000	1,803,000	2,120,000	714,000
Prepaid and other assets
819,000	-	-	-	170,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and other accrued liabilities
162,000	-	-	-	-204,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory
1,501,000	-	-	-	366,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,000	388,000	-304,000	181,000	-221,000	198,000	1,098,000	995,000	255,000	698,000	-92,000	185,000
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	168,000	-16,000	-62,000	13,000	33,000	8,000	-102,000	11,000	147,000	10,000	8,000	-17,000
Deposits
-54,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposits and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	170,000	53,000	-38,000	21,000	-24,000	-	-	-	-
Deposit and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,000
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	454,000	181,000	433,000	-382,000	-396,000	-252,000	181,000	335,000	28,000	703,000	-34,000	179,000
Accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-199,000	-139,000	-204,000	-705,000	-334,000	142,000	127,000	-47,000	-182,000	297,000	463,000	146,000
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-950,000	155,000	-112,000	-427,000	122,000	-431,000	125,000	47,000	322,000	334,000	69,000	-261,000
Other long-term obligations
0	-	-	-	-880,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
632,000	2,098,000	1,841,000	600,000	1,764,000	2,641,000	3,127,000	2,647,000	993,000	3,522,000	2,848,000	1,867,000	23,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-993,000	321,000	-158,000	-272,000	-770,000	413,000	216,000	-345,000	-646,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash provided by (used in) operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	103,000	666,000	259,000	276,000	-357,000	163,000	-78,000	312,000	730,000	-3,000	-	-	-	-	-	-	-	-	-	-	-	-
Sales of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-153,000	11,000	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property and equipment
297,000	28,000	-9,000	95,000	46,000	191,000	230,000	501,000	160,000	-62,000	104,000	-12,000	57,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of equipment and inventory used for rental
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,000	-	-	642,000	76,000	144,000	384,000	429,000	310,000
Change in inventory used for rental
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	-10,000	-36,000	10,000	-33,000	-40,000	-179,000	44,000	-20,000	-130,000	-214,000	-439,000	-358,000	247,000	-	-	-	-	-	-	-	-
Purchases used for rental
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-229,000	776,000	-101,000	119,000	-	-	-	-
Net cash provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,000	10,000	45,000	-10,000	33,000	40,000	-308,000	26,000	173,000	119,000	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisition of NeuroDyne
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	100,000	145,000	-	-	-	-
Net cash used in investing activities
-297,000	-28,000	9,000	-95,000	-46,000	-191,000	-230,000	-501,000	-160,000	62,000	-104,000	12,000	-57,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	192,000	-139,000	-464,000	-641,000	-340,000	-144,000	-384,000	-429,000	-310,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (repayments) borrowings on line of credit
-	-	-	-	-	-	-	-	-	0	0	-2,171,000	-600,000	-	-	-	-	-	-	-	-	-	-	-732,000	-212,000	-471,000	-579,000	268,000	696,000	-171,000	876,000	816,000	1,096,000	-91,000	176,000	885,000	1,049,000
Principal payments on subordinated debt
-	-	-	-	-	-1,000	0	54,000	331,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on finance lease obligations
11,000	-	-	-	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	640,000	-	-	-	-96,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from unsecured subordinated promissory notes
-	-	-	-	-	-	-	-	-	0	0	0	1,035,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of commission and placement agent fees and related expenses
-	-	-	-	-	-	-	-	-	0	0	0	155,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on financing lease obligations
-	-	-	-	-	-	30,000	29,000	30,000	29,000	41,000	30,000	31,000	21,000	15,000	16,000	20,000	17,000	14,000	19,000	14,000	-22,000	-5,000	49,000	38,000	-	-	-	-	-	-	-	-	-	-	-	-
Common stock cash dividends
0	0	3,000	0	2,259,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the exercise of stock options
-	-	-	-	-	-	-	-	86,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
0	0	0	0	171,000	387,000	1,077,000	211,000	1,757,000	222,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-94,000	-660,000	-337,000	-312,000	63,000	82,000	130,000	-330,000	-781,000	-250,000	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,000	122,000	0	0	25,000
Payments on notes payable and capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,000	34,000	34,000	32,000	31,000	27,000	31,000	22,000	24,000
Proceeds from the issuance of common stock
221,000	51,000	33,000	130,000	7,000	-	-	-	-	39,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
210,000	36,000	30,000	130,000	-2,427,000	-418,000	-1,086,000	-227,000	-2,032,000	-593,000	-310,000	-2,201,000	249,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	659,000	-202,000	842,000	794,000	1,063,000	-241,000	146,000	911,000	1,000,000
Net increase in cash and cash equivalents
545,000	2,106,000	1,880,000	635,000	-709,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-1,199,000	2,991,000	2,434,000	-322,000	215,000	156,000	62,000	5,000	16,000	-33,000	-46,000	-261,000	285,000	-256,000	8,000	122,000	-134,000	-145,000	23,000	-236,000	-142,000	-20,000	220,000	-119,000	-47,000	28,000	-22,000	137,000	44,000
Supplemental disclosure of cash flow information:
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	78,000	94,000	135,000	110,000	126,000	132,000	403,000	-145,000	145,000	133,000	112,000	134,000	202,000	113,000	93,000	107,000	90,000	62,000	236,000	73,000	60,000	42,000
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	2,000	15,000	-155,000	112,000	427,000	111,000	651,000	300,000	65,000	161,000	225,000	300,000	225,000
Property and Equipment purchased an included in accrued liability but not settled
-	-	-	-	-	-	-	-	253,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
4,000	5,000	0	0	0	0	2,000	2,000	8,000	24,000	19,000	36,000	121,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for rent
-328,000	-	-	-	-206,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of non-cash investing and financing activities:
Right-of-use assets obtained in exchange for new operating lease liabilities
1,433,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory transferred to property and equipment under lease
187,000	-	-	-	112,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock dividend declared and unpaid
0	-	-	-	2,259,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment acquired through note payable and capital lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	65,000	72,000	-	-	-	-	-	-	-	-
Common stock issuances for business acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	158,000	-	-	-	-
Increase in accounts payable for business acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100,000	-	-	-	-
Increase in contingent consideration for business acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-6,000	6,000	135,000	-	-	-	-