Powell Industries (POWL) Cash Flow Statement

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Operating Activities:
Net income
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation	12.98M
Amortization	352K
Stock-based compensation	4.88M
Bad debt expense
Deferred income taxes	2.33M
Gain on sale of investment in joint venture in Kazakhstan
Changes in operating assets and liabilities:
Accounts receivable	369K
Costs and estimated earnings in excess of billings on uncompleted contracts	39.61M
Inventories	6.16M
Prepaid expenses and other current assets	1.34M
Accounts payable and income taxes payable	-12.33M
Accrued liabilities	3.93M
Billings in excess of costs and estimated earnings on uncompleted contracts
Other	-1.1M
Net cash provided by operating activities
Investing Activities:
Proceeds from sale of fixed assets	187K
Purchases of property, plant and equipment	-3.04M
Proceeds from sale of investment in joint venture in Kazakhstan
Buyout of noncontrolling interest - Powell Asia
Acquisition of Powell Canada
Net cash used in investing activities
Financing Activities:
Borrowings on Canadian revolving line of credit
Payments on Canadian revolving line of credit
Payments on Canadian term loan
Payments on industrial development revenue bonds
Payments on deferred acquisition payable
Other
Net cash used in financing activities
Net increase in cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents	-526K
Cash and cash equivalents at beginning of period	43.57M
Cash and cash equivalents at end of period	97.72M

Entities mentioned with powl