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Cash Flow

Cash Flow

v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ (1,214)  
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 2,646  
Allowance for doubtful accounts 266  
Capitalized deferred interest on subordinated debt 0  
Amortization of debt issuance costs 45  
Deferred tax benefit (1,083)  
Accretion of preferred stock discount to redemption value 2  
(Gain) loss on sale of property and equipment 37  
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable 6,231  
(Increase) decrease in costs and estimated earnings in excess of billings on uncompleted contracts 2,237  
(Increase) decrease in other current assets (573)  
(Increase) decrease in other assets 0  
Increase (decrease) in accounts payable (3,197)  
Increase (decrease) in billings in excess of costs and estimated earnings on uncompleted contracts (5,075)  
Increase (decrease) in accrued expenses and other current liabilities (4,955)  
Increase (decrease) in other long-term liabilities (94)  
Net cash used in operating activities (4,727)  
Cash flows from investing activities:    
Proceeds from sale of property and equipment 7  
Purchase of property and equipment (630)  
Net cash used in investing activities (623)  
Cash flows from financing activities:    
Proceeds from revolving credit facility 0  
Payments on revolving credit facility 0  
Payments on Credit Agreement term loan (750)  
Proceeds from Credit Agreement revolver 13,034  
Payments on Credit Agreement revolver (7,034)  
Payments on term loan (20)  
Payments on insurance financed premium (591)  
Payments on capital leases (404)  
Net cash provided by financing activities 4,235  
Decrease in cash and cash equivalents (1,115)  
Cash and cash equivalents, beginning of period 7,406  
Cash and cash equivalents, end of period 6,291  
Noncash investing and financing transactions:    
Property and equipment acquired financed with capital leases 393  
Insurance financed premium 2,135  
Interest paid 409  
Predecessor [Member]    
Cash flows from operating activities:    
Net income (loss)   $ 1,469
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization   694
Allowance for doubtful accounts   22
Capitalized deferred interest on subordinated debt   729
Amortization of debt issuance costs   0
Deferred tax benefit   0
Accretion of preferred stock discount to redemption value   0
(Gain) loss on sale of property and equipment   (4)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable   (6,075)
(Increase) decrease in costs and estimated earnings in excess of billings on uncompleted contracts   (1,536)
(Increase) decrease in other current assets   (82)
(Increase) decrease in other assets   (115)
Increase (decrease) in accounts payable   (4,919)
Increase (decrease) in billings in excess of costs and estimated earnings on uncompleted contracts   5,258
Increase (decrease) in accrued expenses and other current liabilities   (2,679)
Increase (decrease) in other long-term liabilities   227
Net cash used in operating activities   (7,011)
Cash flows from investing activities:    
Proceeds from sale of property and equipment   4
Purchase of property and equipment   (746)
Net cash used in investing activities   (742)
Cash flows from financing activities:    
Proceeds from revolving credit facility   23,533
Payments on revolving credit facility   (21,033)
Payments on Credit Agreement term loan   0
Proceeds from Credit Agreement revolver   0
Payments on Credit Agreement revolver   0
Payments on term loan   (526)
Payments on insurance financed premium   0
Payments on capital leases   (307)
Net cash provided by financing activities   1,667
Decrease in cash and cash equivalents   (6,086)
Cash and cash equivalents, beginning of period   6,107
Cash and cash equivalents, end of period   21
Noncash investing and financing transactions:    
Property and equipment acquired financed with capital leases   500
Insurance financed premium   0
Interest paid   119
Limbach Holdings, Inc [Member]    
Cash flows from financing activities:    
Cash and cash equivalents, beginning of period $ 7,406  
Limbach Holdings, Inc [Member] | Predecessor [Member]    
Cash flows from financing activities:    
Cash and cash equivalents, beginning of period   $ 0

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