Velocity Composites
Cash Flow
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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 Velocity Composites generated cash of -$1,832,000, which is less than the previous year. Cash used in financing activities reached the amount of $4,788,000 last year. Net change in cash is therefore $834,000.
Cash Flow
| 2014 | 2.22M | -557K | -475K |
|---|---|---|---|
| 2015 | -624K | -250K | -354K |
| 2016 | 237K | -120K | -239K |
| 2017 | -2.44M | -664K | 8.47M |
| 2018 | 506K | -372K | -822K |
| 2019 | -260K | -230K | -812K |
| 2020 | -838K | -1.02M | 1.70M |
| 2021 | 325K | -51K | -66K |
| 2022 | 280K | -356K | -1.05M |
| 2023 | -1.83M | -2.12M | 4.78M |
VEL.L Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 2.34M | 3.47M | 3.26M | 3.42M | 4.72M | 5.41M | 39K | 161K | 1.38M | 194K |
Operating activities | ||||||||||
Net income | -3.14M | -1.33M | -1.20M | -3.13M | -636K | -994K | -700K | -274K | 1.01M | 715K |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 885K | 695K | 726K | 691K | 449K | 413K | 343K | 281K | 198K | 130K |
Stock-based compensation expense | 206K | 170K | 90K | 120K | 65K | 0 | 367K | 52K | 0 | 0 |
| Deferred income tax benefit | 206K | 170K | 90K | 120K | 65K | 0 | 367K | 52K | 0 | 0 |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -1.14M | -359K | 302K | 1.68M | 1.57M | 424K | -3.20M | -908K | 0 | 0 |
Inventories | -1.33M | -530K | 1.03M | 1.26M | -433K | 522K | -921K | -940K | -285K | -821K |
Accounts payable | 2.38M | 1.14M | -446K | -1.52M | -1.36M | 98K | 1.46M | 2.33M | 0 | 0 |
Cash generated by operating activities | -1.83M | 280K | 325K | -838K | -260K | 506K | -2.44M | 237K | -624K | 2.22M |
Investing activities | ||||||||||
Purchases Of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -1.29M | -398K | -64K | -1.03M | -245K | -372K | -668K | -120K | -250K | -557K |
Acquisitions Net | 4K | 42K | 13K | 3K | 15K | 0 | 4K | 0 | 0 | 0 |
Cash generated by investing activities | -2.12M | -356K | -51K | -1.02M | -230K | -372K | -664K | -120K | -250K | -557K |
Financing activities | ||||||||||
Common Stock Issued | 6.59M | 0 | 0 | 0 | 0 | 0 | 10.50M | 0 | 0 | 0 |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -39K | -330K | -550K |
Repurchases of common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repayments of term debt | -536K | -503K | -119K | -1.59M | -754K | -687K | -1.02M | -114K | 0 | 0 |
Cash used in financing activities | 4.78M | -1.05M | -66K | 1.70M | -812K | -822K | 8.47M | -239K | -354K | -475K |
Net Change In Cash | 834K | -1.13M | 208K | -156K | -1.30M | -688K | 5.37M | -122K | -1.22M | 1.19M |
Cash at end of period | 3.17M | 2.34M | 3.47M | 3.26M | 3.42M | 4.72M | 5.41M | 39K | 161K | 1.38M |
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