Who is Williams Industrial

Cash Flow

v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net income (loss) $ 2,308 $ (11,482)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Net (income) loss from discontinued operations (627) 3,220
Deferred income tax provision (benefit) (20) 403
Depreciation and amortization on plant, property and equipment 148 441
Amortization of deferred financing costs 308 219
Loss on disposals of property, plant and equipment   210
Bad debt expense 89 (67)
Stock-based compensation 891 507
Paid-in-kind interest   1,301
Restructuring charges   2,225
Changes in operating assets and liabilities, net of businesses sold:    
Accounts receivable (4,945) 4,514
Contract assets (3,874) (2,628)
Other current assets (512) 2,368
Other assets 1,124 (1,079)
Accounts payable 7,148 189
Accrued and other liabilities (2,738) 2,608
Contract liabilities 19 (943)
Net cash provided by (used in) operating activities, continuing operations (681) (219)
Net cash provided by (used in) operating activities, discontinued operations (344) (4,110)
Net cash provided by (used in) operating activities (1,025) (4,329)
Investing activities:    
Purchase of property, plant and equipment (161) (114)
Net cash provided by (used in) investing activities, continuing operations (161) (114)
Net cash provided by (used in) investing activities, discontinued operations   319
Net cash provided by (used in) investing activities (161) 205
Financing activities:    
Repurchase of stock-based awards for payment of statutory taxes due on stock-based compensation (121) (328)
Proceeds from short-term borrowings 110,746  
Repayments of short-term borrowings (110,378)  
Repayments of long-term debt (175)  
Net cash provided by (used in) financing activities, continuing operations 72 (328)
Net cash provided by (used in) financing activities 72 (328)
Net change in cash, cash equivalents and restricted cash (1,114) (4,452)
Cash, cash equivalents and restricted cash, beginning of period 4,942 16,156
Cash, cash equivalents and restricted cash, end of period 3,828 11,704
Supplemental Disclosures:    
Cash paid for interest $ 2,355 1,498
Cash paid for income taxes, net of refunds   $ 16

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