My mistake. Cash flow from operations for 1999 was positive, although barely. I haven't checked out the numbers on free cash flow yet.
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income................................................ $ 8,234 $ 5,730 $ 10,047
Adjustments to reconcile net income to net cash provided
by operating activities:
Depreciation and amortization........................... 4,216 6,337 14,314
Purchased in process research and development........... 3,300
Net loss on disposal of property and equipment.......... 283
Deferred income taxes................................... 2,289 (2,132) (464)
Changes in operating assets and liabilities:
Accounts receivable, net................................ (2,808) 4,161 (18,933)
Inventories............................................. (3,529) 7,263 (18,459)
Refundable income taxes................................. (2,382) 2,411 426
Prepaid expenses and other current assets............... (87) 214 (307)
Accounts payable........................................ 1,573 (230) 3,813
Accrued expenses........................................ 516 (1,916) 6,310
Other liabilities....................................... 459 (2) 173
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Net cash provided by operating activities............. 8,481 21,836 503
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