Converge Technology Solutions Corp.
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 Converge Technology Solutions Corp. generated cash of $229,540,000, which is more than the previous year. Cash used in financing activities reached the amount of -$113,845,000 last year. Net change in cash is therefore $9,982,000.
Cash Flow
| 2016 | 0 | 0 | 12K |
|---|---|---|---|
| 2017 | 5.78M | -34.39M | 36.38M |
| 2018 | 1.06M | -33.66M | 35.60M |
| 2019 | 26.81M | -66.76M | 52.41M |
| 2020 | 51.60M | -66.59M | 58.53M |
| 2021 | 87.06M | -277.80M | 371.38M |
| 2022 | 41.58M | -463.42M | 336.31M |
| 2023 | 229.54M | -103.92M | -113.84M |
CTS.TO Cash Flow Statement (2016 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 159.89M | 248.19M | 64.76M | 20.59M | 10.48M | 7.78M | 1K | 0 |
Operating activities | ||||||||
Net income | -1.44M | 22.84M | 16.36M | -4.17M | -10.84M | -18.23M | -3.91M | -3.26M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||
Depreciation and amortization | 119.98M | 80.06M | 39.58M | 27.04M | 17.88M | 6.95M | 783K | 0 |
Stock-based compensation expense | 3.69M | 5.59M | 2.32M | 0 | 0 | 0 | 0 | 0 |
| Deferred income tax benefit | 3.69M | 5.59M | 2.32M | 0 | 0 | 0 | 0 | 0 |
| Changes in operating assets and liabilities: | ||||||||
Accounts receivable, net | -98.24M | -125.83M | 33.00M | -114M | -32.76M | -87.01M | 1.27M | 0 |
Inventories | 81.75M | 38.14M | -56.54M | -10.89M | -7.73M | -1.22M | -8.54M | 0 |
Accounts payable | 111.32M | 33.17M | 25.80M | 123.61M | 45.41M | 80.78M | 15.13M | 0 |
Cash generated by operating activities | 229.54M | 41.58M | 87.06M | 51.60M | 26.81M | 1.06M | 5.78M | 0 |
Investing activities | ||||||||
Purchases Of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -10.82M | -23.94M | -6.31M | -4.99M | -1.80M | -2.27M | -320K | 0 |
Acquisitions Net | 0 | -418.14M | -260.55M | -43.79M | -55.19M | -26.20M | -34.07M | 0 |
Cash generated by investing activities | -103.92M | -463.42M | -277.80M | -66.59M | -66.76M | -33.66M | -34.39M | 0 |
Financing activities | ||||||||
Common Stock Issued | 0 | 0 | 493.88M | 103.59M | 2.34M | 12.22M | 0 | 0 |
Payments for dividends | -6.15M | -1.08M | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | -17.38M | -40M | 0 | -2.12M | 0 | 0 | 0 | 0 |
Repayments of term debt | -61.26M | 392.11M | -149.95M | -1.16B | 63.72M | -224.52M | 38.73M | 0 |
Cash used in financing activities | -113.84M | 336.31M | 371.38M | 58.53M | 52.41M | 35.60M | 36.38M | 12K |
Net Change In Cash | 9.98M | -88.30M | 183.42M | 44.17M | 10.10M | 2.69M | 7.78M | 12K |
Cash at end of period | 169.87M | 159.89M | 248.19M | 64.76M | 20.59M | 10.48M | 7.78M | 12K |
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