Who is Williams Industrial

Cash Flow

v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net income (loss) $ 303 $ (3,988)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Net loss from discontinued operations 92 1,750
Deferred income tax provision (benefit) 45 202
Depreciation and amortization on plant, property and equipment and intangible assets 72 221
Amortization of deferred financing costs 154 56
Loss on disposals of property, plant and equipment   117
Bad debt expense 189 (67)
Stock-based compensation 305 194
Paid-in-kind interest   642
Changes in operating assets and liabilities, net of businesses acquired and sold:    
Accounts receivable (2,421) 7,311
Contract assets (2,923) 1,641
Other current assets (54) 1,765
Other assets 403 (194)
Accounts payable 5,964 (1,092)
Accrued and other liabilities 517 268
Contract liabilities (76) (1,755)
Net cash provided by (used in) operating activities, continuing operations 2,570 7,071
Net cash provided by (used in) operating activities, discontinued operations (212) (4,864)
Net cash provided by (used in) operating activities 2,358 2,207
Investing activities:    
Purchase of property, plant and equipment (68) (54)
Net cash provided by (used in) investing activities, continuing operations (68) (54)
Net cash provided by (used in) investing activities, discontinued operations   319
Net cash provided by (used in) investing activities (68) 265
Financing activities:    
Repurchase of stock-based awards for payment of statutory taxes due on stock-based compensation (121) (186)
Proceeds from short-term borrowings 42,266  
Repayments of short-term borrowings (45,497)  
Repayments of long-term debt (88)  
Net cash provided by (used in) financing activities, continuing operations (3,440) (186)
Net cash provided by (used in) financing activities (3,440) (186)
Net change in cash, cash equivalents and restricted cash (1,150) 2,286
Cash, cash equivalents and restricted cash, beginning of period 4,942 16,156
Cash, cash equivalents and restricted cash, end of period 3,792 18,442
Supplemental Disclosures:    
Cash paid for interest $ 1,092 $ 673

Source