| Consolidated Cash Flow Statement |
| for the year ended 31 December |
| |
$ thousand |
$ thousand |
$ thousand |
|
| 2018 |
2017 |
2016 |
| Cash Flow from Operating Activities: |
| Net Income |
$ 18,565 |
$ 11,423 |
10,784 |
| Adjustments to Reconcile Net Income to |
| Net Cash Flow from Operating Activities |
| Change in Accounts receivable |
(3,696) |
(1,263) |
(2,750) |
| Change in Inventory |
(3,863) |
(339) |
(1,335) |
| Change in Prepaid expense |
(925) |
16 |
(2,250) |
| Depreciation and amortization |
1,000 |
890 |
800 |
| Change in Accounts Payable |
311 |
1,031 |
(1,525) |
| Change in Short term debt |
1,078 |
(4,765) |
240 |
| Change in Deferred revenue |
(547) |
357 |
432 |
| Change in Other current liabilities |
(4) |
99 |
33 |
| Net Cash Flow from Operating Activities |
11,919 |
7,449 |
4,429 |
| Cash Flow from Investing Activities: |
| Cost of new Property, buildings, and equipment purchased |
(6,974) |
(1,708) |
(200) |
| Cost of new Intangible assets |
(810) |
(632) |
- 0 |
| Cost of new Other current assets |
(2,355) |
(56) |
(25) |
| Net Cash Flow: Investing Activities |
(10,139) |
(2,396) |
(225) |
| Cash Flow from Financing Activities: |
| Payments of Long-term debt |
(285) |
(2,374) |
(1,150) |
| Change in Other noncurrent liabilities |
(7) |
(854) |
(24) |
| Issuance of Common Stock |
14 |
10 |
- 0 |
| Change in Additional paid-in-capital |
1,347 |
120 |
- 0 |
| Payment of Dividends |
(1,000) |
(1,000) |
(1,000) |
| Net Cash Flow: Financing Activities |
69 |
(4,098) |
(2,174) |
| Total Cash Flow increase/(decrease) |
1,849 |
955 |
2,030 |
| Cash Balance, Beginning |
4,272 |
3,317 |
1,287 |
| Cash Balance, Ending December 31 |
$ 6,121 |
$ 4,272 |
3,317 |
polite2020
ConsolidatedCashFlowStatementforRewardsProgramProductLine.xlsx
