Playags, inc. (AGS)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Cash flows from operating activities
Net (loss) income

-25,951

-11,521

-23,289

-13,423

-11,297

-20,846

-19,021

-27,458

-42,258

-45,106

-56,820

-73,965

-72,694

-81,374

-70,020

-72,064

-50,376

-38,545

-38,638

-24,029

-33,079

-28,376

0

0

0

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization

94,310

91,474

88,753

83,911

79,719

77,535

75,835

73,798

72,547

71,649

73,252

75,740

78,090

80,181

81,089

82,215

73,858

61,662

49,360

37,832

33,743

33,405

0

0

0

Accretion of contract rights under development agreements and placement fees

6,966

6,378

5,690

5,146

4,739

4,552

4,633

4,521

4,615

4,680

4,621

4,717

4,679

4,700

3,727

2,707

1,611

496

350

186

-11,887

58

0

0

0

Amortization of deferred loan costs and discount

1,941

1,917

1,864

1,853

1,843

1,826

2,049

2,181

2,488

2,976

3,240

3,540

3,634

3,542

3,444

3,344

2,971

2,446

1,941

1,455

1,269

1,242

0

0

0

Payment-in-kind interest capitalized

-

-

-

-

-

-

-

-

-

-15,935

-15,079

-15,079

-15,284

-15,396

0

0

0

-

-

-

-

-

-

-

-

Payment-in-kind interest payments

-

-

-

-

-

-37,624

-43,020

32,228

34,926

-2,698

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Write-off of deferred loan cost and discount

-

-

-

-

-

3,876

3,410

3,410

6,704

3,294

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

9,356

9,001

7,075

5,654

3,976

10,933

0

0

8,153

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

(Benefit) provision for bad debts

-57

294

-60

-140

-247

-441

-449

107

-86

651

1,918

2,182

2,767

2,290

1,315

589

212

106

-109

-213

-439

-450

0

0

0

Imputed interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

28

37

44

36

0

0

0

Loss on disposition of assets

-851

-1,068

-1,595

-1,388

-1,889

-1,963

-2,388

-2,411

-3,664

-3,901

-3,487

-3,042

-1,618

-1,149

-1,161

-1,275

-1,234

-1,439

-1,516

-1,543

-2,078

-1,936

0

0

0

Impairment of assets

4,999

5,343

10,233

10,301

5,869

6,089

1,450

1,294

869

584

476

5,034

5,034

4,749

0

0

0

-

-

-

-

-

-

-

-

Fair value adjustment of contingent consideration

-

501

502

501

401

701

0

0

700

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Benefit for deferred income tax

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

0

0

-

0

0

0

-

0

0

0

Changes in assets and liabilities that relate to operations:
Accounts receivable

-9,406

15,033

11,347

3,397

10,823

11,488

10,976

20,092

13,805

8,348

12,284

1,444

2,379

3,191

4,043

1,715

1,053

342

-1,924

1,785

1,869

973

0

0

0

Inventories

5,356

-490

-9,041

-7,766

-7,891

-4,907

4,356

7,111

6,413

1,636

1,267

-1,353

-2,477

-307

-1,379

-1,801

-1,078

-1,144

-1,092

-1,911

-1,140

-806

0

0

0

Prepaid expenses

-201

-715

35

908

623

895

1,438

1,585

1,363

599

771

-468

-825

-2,021

-1,384

57

865

1,466

1,574

1,048

1,217

1,349

0

0

0

Deposits and other

359

449

3,203

408

548

748

724

666

166

374

756

656

148

315

-6,074

-11,714

-11,870

-11,531

-4,318

2,102

897

241

0

0

0

Other assets, non-current

-4,978

-6,565

-7,654

-7,671

-5,854

-12,204

-13,294

-11,069

-10,417

2,290

2,216

6,052

4,923

-467

-2,692

-5,893

-5,546

-869

1,756

1,202

1,560

1,476

0

0

0

Accounts payable and accrued liabilities

-4,513

-6,827

-375

-8,212

-1,410

-6,063

-6,017

172

-5,631

8,451

5,811

8,228

6,430

12,567

-6,083

-6,776

-7,572

-4,770

11,274

5,277

7,756

2,791

0

0

0

Increase in accrued interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

(Increase) decrease in customer deposits on gaming machine leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by operating activities

95,143

87,989

94,672

93,505

89,982

45,511

31,035

15,791

3,973

44,008

35,525

36,841

36,346

34,493

28,339

25,936

10,521

9,403

5,604

2,210

12,147

12,482

0

0

0

Cash flows from investing activities
Collection of notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

323

469

411

293

205

0

0

0

Customer notes receivable

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business acquisitions, net of cash acquired

-

54,935

54,935

50,779

55,231

4,452

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in Canadian tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

154

0

0

0

Purchase of intangible assets

5,763

6,295

5,114

4,475

1,782

1,119

1,592

1,400

1,436

1,226

565

1,666

1,613

1,311

2,312

3,719

5,825

6,102

6,875

11,091

9,285

9,259

0

0

0

Software development and other expenditures

15,437

14,350

11,623

11,591

10,639

10,460

10,124

8,624

7,944

7,664

7,931

6,777

6,585

6,526

6,910

8,602

7,609

6,476

5,317

4,005

4,779

5,127

0

0

0

Proceeds from disposition of assets

368

450

659

607

607

519

364

442

535

514

171

93

0

87

88

105

112

29

188

215

530

569

0

0

0

Purchases of property and equipment

41,465

50,420

58,905

56,107

57,776

54,602

47,081

43,170

48,655

48,585

47,023

48,193

39,280

32,879

25,000

19,849

17,363

15,277

14,509

12,953

10,558

9,811

0

0

0

Net cash used in investing activities

-71,136

-127,932

-129,918

-122,345

-124,821

-70,114

-119,735

-121,054

-121,350

-120,811

-62,348

-56,543

-47,478

-40,629

-32,934

-36,044

-404,797

-401,850

-400,949

-396,784

-34,099

-33,922

0

0

0

Cash flows from financing activities
Borrowings under the revolving facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,500

11,500

11,500

11,000

10,000

0

0

0

Repayment of first lien credit facilities

5,387

5,387

5,387

5,329

5,270

5,211

-404,378

-405,666

1,868

2,413

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of deferred loan costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

73

0

0

0

Repayment of PIK notes

-

-

-

-

-

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Borrowing on revolver

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of shares issued to management

-

-

-

-

-

-

-

-

-

-

-

-

-

1,125

1,125

2,125

11,125

10,000

0

0

0

-

-

-

-

Payment of financed placement fee obligations

10,688

8,215

6,998

3,623

3,720

3,628

3,524

3,444

3,366

3,807

2,962

3,126

3,311

3,516

3,525

2,525

1,525

0

0

0

0

-

-

-

-

Payments of previous acquisition obligation

1,792

1,748

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on finance leases and other obligations

1,312

1,396

1,818

2,173

2,622

2,883

2,648

2,482

3,050

2,372

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

-

-

-

-

-

176,341

0

0

176,341

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from employees in advance of common stock issuance

-

-

-

-

-

-

-

-

-

25

100

100

100

75

0

75

397

579

0

0

0

-

-

-

-

Proceeds from employees in advance of common stock issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

6,987

1,384

4,112

5,767

4,743

3,972

3,132

2,265

2,036

0

0

0

Initial public offering costs

-

-

-

-

-

4,160

3,610

4,813

4,813

653

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock option exercise

287

685

728

1,080

1,330

774

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Distributions to non-controlling interest owners

-

302

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

9,195

-17,683

13,696

18,609

19,337

76,066

111,870

110,624

135,518

78,054

13,651

14,580

-10,440

-11,603

-11,202

-10,804

412,691

417,547

418,318

420,483

10,886

9,860

0

0

0

Effect of exchange rates on cash and cash equivalents

-7

4

-2

-4

-8

-1

10

16

16

14

47

24

-4

-6

-8

-54

-508

-58

154

499

744

518

0

0

0

Net increase (decrease) in cash and cash equivalents

33,195

-57,622

-21,552

-10,235

-15,510

51,462

23,180

5,377

18,157

1,265

-13,125

-5,098

-21,576

-17,745

-15,805

-20,966

17,907

25,042

23,127

26,408

-10,322

-11,062

0

0

0

Supplemental cash flow information:
Cash paid during the period for interest

-

-

-

-

-

-

-

-

-

-

-

37,410

39,941

40,060

39,499

38,416

35,714

30,203

23,978

19,270

15,957

15,315

0

0

0

Cash paid during the period for taxes

-

-

-

-

-

-

-

-

-

-

-

1,193

1,210

1,247

1,322

1,468

952

840

0

0

0

-

-

-

-

Non-cash investing and financing activities:
Intangible assets obtained under placement fee arrangements

-

40,338

40,267

37,003

35,129

2,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leased assets obtained in exchange for new finance lease liabilities

1,086

1,326

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leased assets obtained in exchange for new operating lease liabilities

-

13,048

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financed purchase property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

2,662

4,725

4,515

6,665

5,800

2,663

2,535

1,811

2,717

0

0

0