Hitek Global
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 Hitek Global generated cash of -$61,912, which is less than the previous year. Cash used in financing activities reached the amount of $15,142,902 last year. Net change in cash is therefore $8,108,377.
Cash Flow
| 2017 | 179.93K | -4.22K | 449.06K |
|---|---|---|---|
| 2018 | 321.37K | -405.48K | 0 |
| 2019 | 43.26K | 0 | 0 |
| 2020 | 1.93M | -865.04K | 0 |
| 2021 | -214.57K | 400.00K | 0 |
| 2022 | 3.82M | -7.34M | 2.74M |
| 2023 | -61.91K | -6.94M | 15.14M |
HKIT Cash Flow Statement (2017 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
Cash at beginning of period | 1.20M | 2.09M | 1.86M | 776.22K | 739.61K | 867.57K | 215.06K |
Operating activities | |||||||
Net income | 1.04M | 1.41M | 1.66M | 1.68M | 2.01M | 2.21M | 2.13M |
| Adjustments to reconcile net income to cash generated by operating activities: | |||||||
Depreciation and amortization | 53.82K | 21.88K | 355.73K | 378.59K | 379.86K | 75.50K | 30.77K |
Stock-based compensation expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred income tax benefit | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Changes in operating assets and liabilities: | |||||||
Accounts receivable, net | 957.67K | -1.99M | -521.89K | 1.12M | -2.29M | -2.53M | -553.40K |
Inventories | 667.09K | -57.89K | -276.67K | 397.60K | -378.02K | 168.98K | 232.62K |
Accounts payable | -146.64K | 225.19K | 127.42K | 172.02K | -35.22K | -145.48K | -216.35K |
Cash generated by operating activities | -61.91K | 3.82M | -214.57K | 1.93M | 43.26K | 321.37K | 179.93K |
Investing activities | |||||||
Purchases Of Investments | -11M | -1.93M | -1.24M | -2.46M | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -186.49K | -5.61M | -25.58K | -430.27K | 0 | -405.48K | -4.22K |
Acquisitions Net | 0 | 0 | 331.01K | 285.34K | 0 | 0 | 0 |
Cash generated by investing activities | -6.94M | -7.34M | 400.00K | -865.04K | 0 | -405.48K | -4.22K |
Financing activities | |||||||
Common Stock Issued | 15.14M | 0 | 0 | 0 | 0 | 0 | 449.06K |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repayments of term debt | 0 | 2.74M | 0 | 0 | 0 | 0 | 0 |
Cash used in financing activities | 15.14M | 2.74M | 0 | 0 | 0 | 0 | 449.06K |
Net Change In Cash | 8.10M | -888.14K | 229.75K | 1.08M | 36.60K | -127.95K | 652.50K |
Cash at end of period | 9.31M | 1.20M | 2.09M | 1.86M | 776.22K | 739.61K | 867.57K |
| Data source | Data source | Data source | Data source | Data source |