Cambium learning group, inc. (ABCD)
CashFlow / Quarterly
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Net income

5,877

4,435

2,607

30,256

6,477

5,792

2,530

2,940

3,828

3,764

-102

-2,799

1,966

2,006

-2,498

-3,075

995

-1,288

-6,587

-5,734

128

431

-9,078

-88,807

-2,235

-22,477

-20,264

-46,555

3,064

3,807

-9,757

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense

4,921

4,761

4,621

5,651

5,346

4,997

4,771

6,071

5,655

5,331

4,491

5,532

5,435

5,275

4,996

6,116

5,745

5,474

5,144

6,071

5,919

5,501

4,923

6,072

8,627

8,170

8,029

9,257

8,820

8,592

8,354

Change in fair value of contingent value rights obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-754

-54

-54

-53

-788

0

-212

-308

Deferred income taxes

2,523

582

213

-30,614

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash (gain) loss on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-2

15

-81

-

-

-

-

Impairment of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,360

236

320

2,791

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-352

0

-357

-213

-

-

-

0

-

-

-

-

-

-

-

-

Loss (Gain) from recovery of property held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

78

2,649

Amortization of note discount and deferred financing costs

134

135

136

183

199

202

206

257

277

277

280

304

311

307

304

345

366

369

429

439

439

435

430

439

439

434

435

440

439

436

203

Stock-based compensation and expense

249

252

227

224

217

224

200

247

234

239

208

201

192

159

135

128

135

136

112

102

346

213

229

356

313

-20

225

335

349

314

290

Other

-8

-1

4

-16

1

10

3

0

1

2

0

-

4

0

1

-

45

29

22

-

-

116

58

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable, net

13,050

5,858

-5,449

-17,763

18,305

4,416

-5,410

-16,112

16,675

3,241

-5,066

-14,236

11,314

5,559

-2,301

-14,257

11,632

6,330

-5,168

-16,052

10,651

2,748

339

-15,102

7,616

14,650

-2,836

-17,487

-4,865

21,715

-17,505

Inventory

-109

-180

-398

-107

-346

-164

135

-247

-746

-579

-258

-60

-475

-296

188

-977

-1,157

-626

-866

-1,370

-1,439

-2,223

-2,367

-2,317

-1,823

-1,321

520

811

-4,176

-1,539

4,450

Other current assets

3,436

-836

-72

-327

2,817

-1,236

-1,304

-961

3,612

-799

-598

-191

2,070

-123

635

-679

2,292

-630

302

282

1,270

-317

-545

12,436

889

41

-112

157

706

-1,013

867

Other assets

714

-98

-153

-413

776

187

-177

-916

-144

21

-77

-2,158

338

204

257

-196

-841

125

2,450

-65

382

441

52

-11,475

60

95

68

690

309

-436

-189

Restricted assets

-224

-207

-247

-236

-236

-276

-264

-252

-275

-275

-296

-277

-277

-273

-306

-417

-297

-298

-326

-311

-311

-3,316

-368

-311

-335

-316

-372

-324

-371

-1,358

-1,177

Accounts payable

269

234

-547

-729

665

296

-16

-650

-1,070

1,726

173

-1,568

1,253

-688

1,384

-2,111

1,531

491

400

-351

-702

1,002

-1,655

-1,395

-76

174

1,280

1,159

-3,072

214

-1,742

Accrued expenses

2,532

4,464

-2,729

-3,319

3,369

2,942

-2,716

-2,336

1,849

3,336

-5,353

-1,479

-2,263

6,742

-5,808

688

-1,800

5,824

-9,360

829

-452

6,276

-5,764

3,195

-5,087

6,535

-5,316

32

-4,259

7,227

-4,727

Deferred revenue

-

-7,900

-16,914

-

-

-10,576

-16,843

-2,953

32,021

-6,157

-13,786

1,393

28,299

-5,853

-9,448

576

24,436

-4,712

-10,424

1,745

17,085

-1,605

-7,924

1,927

13,166

305

-7,081

-632

11,898

802

-6,777

Other long-term liabilities

-149

-141

-161

-83

-163

-203

-202

-41

-242

-249

-539

-454

-139

-134

-177

762

-182

-1,123

-206

-207

-185

-297

-348

-67

-245

-244

-200

-634

-79

-57

-501

Net cash provided by operating activities

37,182

2,284

-6,224

23,633

29,860

757

-5,047

22,721

23,431

6,660

-8,333

21,526

22,088

2,743

-9,584

20,283

19,642

367

-16,649

22,536

12,290

27,200

-16,240

23,110

9,287

-4,833

-17,235

17,427

25,557

4,100

-3,444

Investing activities:
Cash paid for acquisition, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,600

-

-

-

0

-

-

-

-

-

-

-

-

Expenditures for property, equipment, software and pre-publication costs

4,068

3,980

4,008

4,248

5,096

4,284

4,532

3,883

5,405

5,776

4,990

4,830

5,275

5,049

4,783

4,848

4,667

4,374

3,986

3,732

4,409

4,182

3,792

4,828

4,890

4,635

3,792

3,494

3,841

3,364

3,354

Net cash used in investing activities

-4,068

-3,980

-4,008

-5,292

-5,096

-4,284

-4,532

-3,883

-5,405

-5,776

-4,990

-4,830

-5,275

-5,449

-4,783

-4,848

-4,667

-3,568

-7,586

-3,732

-4,409

-11,855

-3,792

-4,828

-4,626

-4,635

-3,792

-7,913

-3,841

-5,357

-3,354

Financing activities:
Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

174,024

Repayment of debt

1,659

1,426

1,427

22,389

1,761

1,750

1,750

25,962

963

962

963

-

-

-

-

24,863

0

8,160

1,985

-

-

-

-

-

-

-

-

0

0

0

152,130

Borrowings under revolving credit facility

1,000

3,000

7,000

0

0

5,000

11,000

0

0

4,000

11,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

10,000

Payments of revolving credit facility

-

-

-

-

-

-

-

0

10,500

4,000

500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

10,000

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4

640

7,340

Principal payments under capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

0

271

267

264

259

256

247

233

229

359

223

479

217

337

188

396

135

478

88

93

Repayment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

120

352

616

448

444

315

7

316

307

46

41

188

107

62

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share repurchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

329

0

0

301

4,375

0

0

244

-

-

-

-

-

-

-

-

Net cash used in financing activities

-11,539

1,926

6,189

-21,941

-17,317

3,565

9,257

-25,646

-11,156

-916

9,578

-41,564

-164

-205

-245

-25,451

-246

-8,364

-2,519

-4,604

-359

-223

-723

-1,517

-1,125

-697

-396

-135

19,518

-5,659

14,461

Change in cash and cash equivalents

21,575

230

-4,043

-3,600

7,447

38

-322

-6,808

6,870

-32

-3,745

-24,868

16,649

-2,911

-14,612

-10,016

14,729

-11,565

-26,754

14,200

7,522

15,122

-20,755

16,765

3,536

-10,165

-21,423

9,379

41,234

-6,916

7,663