SCOTT'S LIQUID GOLD-INC. & SUBSIDIARIES
Consolidated Statements of Cash Flows (Unaudited)
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Six Months Ended
June 30
<S> <C> <C>
2000 1999
Cash flows from
operating activities:
Net income (loss) $(1,429,900) $ (2,200,500)
Adjustments to reconcile net income
(loss) to net cash provided (used) by operating activities:
Depreciation and amortization 446,300 712,400
Provision for doubtful accounts receivable 78,000 87,800
Change in assets and liabilities:
Receivables 445,300 1,767,300
Inventories (109,400) (511,200)
Prepaid expenses 87,800 111,900
Accounts payable and accrued expenses 1,576,200 (610,400)
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Total adjustments to net income 2,524,200 1,557,800
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Net Cash Provided (Used)
by Operating Activities 1,094,300 (642,700)
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Cash flows from investing activities:
Purchase of property,plant & (46,500) (152,000)
equipment ------ ------
Net Cash Used by Investing Activities (46,500) (152,000)
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Cash flows from financing activities:
Proceeds from short-term borrowings - 110,500
Principal payments on short-term
borrowings - (72,100)
Increase in bond sinking fund (554,700) (672,900)
------ ------
Net Cash Used by Financing Activities (554,700) (634,500)
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Net Increase (Decrease) in Cash
and Cash Equivalents 493,100 (1,429,200)
Cash and Cash Equivalents,
beginning of period 5,008,600 5,421,400
Cash and Cash Equivalents,
end of period $ 5,501,700 $ 3,992,200
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Supplemental disclosures:
Cash paid during the period for:
Interest $ 616,000 $ 592,700
Income taxes $ 12,300 $ 1,719,600
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See Notes to Consolidated Financial Statements
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.
SCOTT'S LIQUID GOLD-INC.
August 11, 2000 BY: /s/ Mark E. Goldstein
Mark E. Goldstein
President and Chief Executive Officer
August 11, 2000 BY: /s/ Jeffry B. Johnson
Jeffry B. Johnson
Controller
