Covalon Technologies Ltd.
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Covalon Technologies Ltd. generated cash of -$3,184,008, which is more than the previous year. Cash used in financing activities reached the amount of -$2,156,054 last year. Net change in cash is therefore -$5,266,981.
Cash Flow
| 2014 | 3.10M | -117.88K | -90.50K |
|---|---|---|---|
| 2015 | -2.26M | -25.90K | 0 |
| 2016 | -1.02M | 339.43K | 893.50K |
| 2017 | 15.14K | -349.94K | 3.19M |
| 2018 | -655.47K | -740.21K | 2.41M |
| 2019 | -2.82M | -7.09M | 13.97M |
| 2020 | -4.02M | -370.40K | -1.75M |
| 2021 | 621.36K | -278.52K | -8.25M |
| 2022 | -7.99M | -843.02K | -2.18M |
| 2023 | -3.18M | -81.01K | -2.15M |
COV.V Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 14.06M | 22.94M | 3.50M | 9.57M | 5.48M | 4.15M | 1.45M | 1.30M | 3.57M | 633.10K |
Operating activities | ||||||||||
Net income | -4.46M | -9.25M | 418.96K | -6.95M | -9.13M | 1.61M | 1.81M | -3.09M | -941.99K | 2.40M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 969.37K | 1.03M | 700.46K | 1.20M | 629.88K | 356.39K | 269.22K | 233.52K | 241.60K | 296.16K |
Stock-based compensation expense | 559.15K | 211.43K | 163.76K | 715.42K | 1.71M | 0 | 623.31K | 244.35K | 200.37K | 149.48K |
| Deferred income tax benefit | 559.15K | 211.43K | 163.76K | 715.42K | 1.71M | 0 | 623.31K | 244.35K | 200.37K | 149.48K |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -1.47M | 1.84M | -3.19M | 327.75K | 3.34M | -2.31M | -2.34M | 1.50M | -1.47M | 539.32K |
Inventories | -1.04M | -63.36K | 2.16M | 1.44M | -2.14M | -2.99M | -504.55K | -1.19M | -291.10K | 60.63K |
Accounts payable | 2.37M | -1.61M | 241.48K | -2.02M | 1.33M | 1.79M | 465.32K | 689.15K | 139.42K | -212.9K |
Cash generated by operating activities | -3.18M | -7.99M | 621.36K | -4.02M | -2.82M | -655.47K | 15.14K | -1.02M | -2.26M | 3.10M |
Investing activities | ||||||||||
Purchases Of Investments | -135.2K | -238.72K | -100.86K | 0 | -572 | -120 | -245 | -175 | -6.04K | 0 |
Investments In Property Plant And Equipment | -494.63K | -1.08M | -177.66K | -371.09K | -1.28M | -740.09K | -359.7K | -251.71K | -239.70K | -117.88K |
Acquisitions Net | 0 | 101.66K | 0 | 0 | -5.81M | 0 | 0 | 34.27K | 0 | 0 |
Cash generated by investing activities | -81.01K | -843.02K | -278.52K | -370.40K | -7.09M | -740.21K | -349.94K | 339.43K | -25.90K | -117.88K |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 7.15K | 0 | 5.5M | 897.14K | 3.19M | 893.50K | 0 | 30K |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | -1.47M | -1.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repayments of term debt | 0 | -585.18K | -8.96M | -1.97M | 6.88M | -1.52M | 0 | 0 | 0 | 0 |
Cash used in financing activities | -2.15M | -2.18M | -8.25M | -1.75M | 13.97M | 2.41M | 3.19M | 893.50K | 0 | -90.50K |
Net Change In Cash | -5.26M | -8.88M | 19.43M | -6.06M | 4.09M | 1.32M | 2.70M | 149.83K | -2.27M | 2.94M |
Cash at end of period | 8.79M | 14.06M | 22.94M | 3.50M | 9.57M | 5.48M | 4.15M | 1.45M | 1.30M | 3.57M |