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Previous: CORPORATE INCOME FUND INTERMEDIATE TERM SER 201 DEF ASS FUND, 487, 1999-02-24 |
Next: AQUILA ROCKY MOUNTAIN EQUITY FUND, NSAR-B, 1999-02-24 |
<TABLE>
TELULAR CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in thousands)
(Unaudited)
Three Months Ended December 31,
1998 1997
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<S> <C> <C>
Operating Activities:
Net loss $ (2,691) $ (2,044)
Adjustments to reconcile net loss to
net cash used in operating activities
Depreciation 388 436
Amortization 247 223
Inventory obsolescence expense 60 86
Compensation expense related to
stock options and grants 132 38
Equity in net income of affiliate 0 (84)
Changes in assets and liabilities:
Trade receivables, net (3,152) 1,259
Related parties receivables, net 1,017 750
Inventories 227 (197)
Prepaid expenses, deposits and other (56) (69)
Trade accounts payable (2,011) (378)
Related parties accounts payable (655) 265
Accrued liabilities (374) (504)
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Net cash used in operating activities (6,868) (219)
Investing Activities:
Acquisition of property and equipment (546) (720)
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Net cash used in investing activities (546) (720)
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Financing Activities:
Proceeds from the issuance of common stock 0 202
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Net cash provided by financing activities 0 202
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Net decrease in cash and cash equivalents (7,414) (737)
Cash and cash equivalents, beginning of period 19,854 28,451
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Cash and cash equivalents, end of period $ 12,440 $ 27,714
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See accompanying notes
</TABLE>
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