Altisource portfolio solutions s.a. (ASPS)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-305,857

-2,699

311,631

31,386

44,800

137,087

133,793

115,911

77,967

56,174

25,971

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization

18,509

30,800

36,400

-

-

-

-

-

-

-

-

Depreciation, Depletion and Amortization, Nonproduction

-

-

-

36,800

36,470

29,046

19,056

12,776

8,351

7,158

5,432

Amortization of right-of-use assets under operating leases

11,800

0

0

-

-

-

-

-

-

-

-

Amortization of intangible assets

19,000

28,412

35,400

47,600

41,135

37,680

28,176

5,030

5,291

4,891

2,672

Unrealized loss (gain) on investment in equity securities

14,431

-12,972

0

0

-

-

-

-

-

-

-

Loss on HLSS equity securities and dividends received, net

-

-

-

-

-1,854

0

0

-

-

-

-

Change in the fair value of acquisition related contingent consideration

0

0

24

-3,555

-7,184

-37,924

0

0

-

-

-

Goodwill and intangible assets write-off from business exits (Note 11)

5,900

2,640

0

-

-

-

-

-

-

-

-

Goodwill write-off from business exit (Note 11)

-

-

-

0

-

-

-

0

-

2,816

-

Impairment losses

-

-

-

-

71,785

37,473

0

-

-

-

-

Share-based compensation expense

11,874

10,192

4,255

6,188

4,812

2,236

2,400

3,644

3,932

3,110

296

Equity in losses of investment in affiliate

-

-

-

-

-

-

-176

-1,741

-530

-

-

Bad debt expense

720

2,830

5,116

1,829

5,514

16,257

2,549

3,049

-

-

-

Bad debt expense

-

-

-

-

-

-

-

-

967

1,534

-

Gain on early extinguishment of debt

0

0

5,637

5,464

3,836

0

0

-

-

-

-

Amortization of debt discount

666

717

301

413

498

317

223

27

-

-

-

Amortization of debt issuance costs

736

965

833

1,141

1,374

1,151

958

57

-

-

-

Deferred income taxes

307,339

-5,791

-297,336

-2,597

-1,326

1,166

2,015

2,992

-381

-1,119

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-1,179

Loss on disposal of fixed assets

-750

-727

-2,768

-1,765

-26

-184

-1,309

-445

-

-

-

Gain on sale of businesses (Note 4)

17,814

13,688

0

0

-

-

-

-

-

-

-

Loss on debt refinancing (Note 14)

0

4,434

0

0

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

12,207

-14,556

-29,965

-15,980

-2,401

22,492

5,602

39,999

-812

18,259

21,420

Short-term investments in real estate

-39,873

10,468

16,380

13,025

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-13,628

-4,617

5,754

7,856

-1,883

12,501

2,817

2,616

-747

9,851

-117

Other assets

132

-2,278

-770

-1,053

-2,993

1,750

1,586

-2,172

4,892

2,799

616

Accounts payable and accrued expenses

-16,257

1,651

2,576

-9,113

-14,483

24,285

7,381

11,652

14,760

8,180

19,425

Current and non-current operating lease liabilities

12,738

-

-

-

-

-

-

-

-

-

-

Other current and non-current liabilities

-4,661

-16,742

-38,864

24,309

6,636

-14,722

-2,557

-352

3,527

977

2,586

Net cash used in operating activities

46,688

68,402

66,082

126,818

195,352

197,493

-

-

-

-

33,284

Net cash provided by (used in) operating activities

-

-

-

-

-

-

185,474

116,529

111,611

52,812

-

Cash flows from investing activities:
Additions to premises and equipment

2,161

3,916

10,514

23,269

36,188

64,846

34,134

35,563

16,442

11,614

7,536

Acquisition of business, net of cash acquired

-

-

-

9,409

28,675

34,720

267,946

0

2,515

26,830

-

Proceeds from the sale of businesses (Note 4)

38,632

15,000

0

0

-

-

-

-

-

-

-

Proceeds received from sale of equity securities

7,994

0

0

-

-

-

-

-

-

-

-

Payments To Acquire Equity Securities, Available-For-Sale

-

-

-

48,219

-

-

-

-

-

-

-

Purchase of available for sale securities

-

-

-

-

29,966

0

0

-

-

-

-

Proceeds received from sale of and dividends from HLSS equity securities

-

-

-

-

28,112

0

0

-

-

-

-

Loan to Ocwen

-

-

-

-

-

-

-

75,000

-

-

-

Proceeds from loan to Ocwen

-

-

-

-

-

-

75,000

0

-

-

-

Investment in equity affiliate

-

-

-

-

-

-

-

-

15,000

-

-

Proceeds from sale of equity affiliate

-

-

-

-

-

-

12,648

0

-

-

-

Change in restricted cash

-

-

-

-

-722

1,402

1,462

0

-887

1,045

-

Other investing activities

-422

0

-188

0

0

300

50

0

-

-

-

Net cash used in investing activities

44,887

11,084

-10,326

-80,897

-65,995

-101,268

-

-

-

-

-7,536

Net cash used in investing activities

-

-

-

-

-

-

-215,944

-110,563

-33,070

-39,489

-

Cash flows from financing activities:
Proceeds from issuance of long-term debt

0

407,880

0

0

-

198,000

200,502

198,000

-

-

-

Distribution of cash in connection with the Separation of the Residential Asset Businesses

-

-

-

-

-

-

-

105,000

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-4,317

-

-

-

Repayments and repurchases of long-term debt

44,996

486,759

59,761

50,723

-

-

-

-

-

-

-

Debt issuance costs

0

5,042

0

0

-

2,608

3,200

-

-

-

-

Repayment of long-term debt

-

-

-

-

50,373

4,959

3,729

603

-

-

-

Principal payments on capital lease obligations

-

-

-

-

-

-

-

-

696

743

692

Proceeds from stock option exercises

400

3,644

2,374

9,558

1,390

2,688

6,885

3,214

1,024

3,997

889

Excess tax benefit on stock-based compensation

-

-

-

4,779

0

0

-

-

-

-

-

Purchase of treasury shares

19,995

40,362

39,011

37,662

58,949

255,713

141,018

16,781

62,151

17,788

-

Contributions from non-controlling interests

-

-

-

-

-

-

28

43

49

41

-

Distributions to non-controlling interests

2,752

2,819

2,772

2,580

2,959

2,596

4,176

7,145

6,776

7,152

-

Payments of tax withholding on issuance of restricted share units and restricted shares

1,695

825

1,164

0

0

-

-

-

-

-

-

Other financing activities

-

-

-

-

-500

0

0

-

-

-

-

Net Distribution to Parent

-

-

-

-

-

-

-

-

-

-

1,354

Payments of Line of Credit

-

-

-

-

-

-

-

-

-

-

1,123

Net cash used in financing activities

-69,038

-124,283

-100,334

-76,628

-111,391

-65,188

-

-

-

-

-2,280

Net decrease in cash, cash equivalents and restricted cash

22,537

-44,797

-44,578

-30,707

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

55,292

67,411

-68,550

-21,645

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

17,966

31,037

24,822

73,377

9,991

-

23,468

Increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-8,322

-

Supplemental cash flow information:
Interest paid

20,856

24,123

21,210

22,717

-

-

-

-

-

-

-

Interest paid

-

-

-

-

26,274

21,829

19,325

1,134

83

108

25

Income taxes (received) paid, net

2,688

7,136

18,332

18,327

9,725

13,340

3,671

4,912

-1,956

6,069

795

Acquisition of right-of-use assets with operating lease liabilities

13,775

-

-

-

-

-

-

-

-

-

-

Reduction of right-of-use assets from operating lease modifications or reassessments

5,844

-

-

-

-

-

-

-

-

-

-

Non-cash investing and financing activities:
Acquisition of businesses with restricted shares

-

-

-

-

21,733

0

0

-

-

-

-

Net increase in payables for purchases of premises and equipment

-101

-32

-1,311

404

-6,679

-2,328

-

-

-

-

-

Decrease in acquisition of businesses from subsequent working capital true-ups

-

-

-

-

-

-3,711

-2,039

0

-

-

-

Amortization of tax-deductible goodwill

-

-

-

-

-

-

-

-

3,367

3,029

-

Increase (decrease) in payables for purchases of premises and equipment

-

-

-

-

-

-

4,552

2,457

-

-

-

Amortization of tax-deductible goodwill

-

-

-

-

-

-

-

3,334

-

-

-

Reduction in Income Tax Payable from Tax Amortizable Goodwill

-

-

-

-

-

-

-

-

-

-

2,216

Increase in Common Stock due to the Company's Conversion to a Luxembourg Societe Anonyme

-

-

-

-

-

-

-

-

-

-

3,283