ASURE SOFTWARE INC ASUR Cash Flow

Asure software inc (ASUR)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net loss
-1,767	41,218	-3,356	-4,967	-2,894	1,729	-3,584	-3,768	-1,925	-1,545	-1,281	-1,837	-1,059	131	315	136	-1,554	-795	-574	95	-483	92	161	15	-530	-102	109	-569	-1,100	-633	-1,229	-323	-847	-645	29	27	-60	66	0	-1,015	-188
Adjustments to reconcile net income (loss) to net cash used in operations:
Depreciation and amortization
3,516	6,571	3,659	3,942	3,993	3,827	4,136	2,946	2,018	1,714	1,791	1,373	1,180	927	980	990	716	688	771	768	785	761	693	681	686	713	711	759	764	721	755	415	404	348	231	233	238	240	254	257	265
Amortization of operating lease assets
386	-	-	-	386	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt financing costs and discount
75	284	378	381	419	952	184	69	246	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Release of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	18	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of leasehold advance and lease impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-496	-262
Provision for doubtful accounts
75	860	-64	-32	-318	8	22	398	76	175	170	150	0	215	40	0	10	30	30	25	15	28	20	0	0	10	17	8	2	11	131	61	-24	39	3	-34	2	-16	31	-26	24
Benefit from deferred income taxes
8	-1,661	-153	405	216	-8,210	-84	997	214	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on settlement of note payable and litigation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,034	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on modification of debt
36	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,402	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale/disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	0	-21	-15	-	-	-	-	-	-	-	-
Amortization of original issue discount (OID)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	78	128	125	150	629	60	56	70	-	-	-	-	-	-	-	-
Derivative mark-to-market
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-465	-	-	-	-	-	-	-	-
Share-based compensation
438	688	577	392	611	800	364	329	194	230	138	171	54	60	60	67	39	74	237	61	37	95	50	42	39	47	44	45	24	21	32	24	11	26	27	14	14	12	13	13	15
Loss on disposals of fixed assets
0	21	-80	3	-6	-53	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
462	4,376	-1,118	-136	-1,676	-4,868	4,011	2,041	535	-354	964	3,120	366	1,723	619	1,782	-723	453	-881	305	-401	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	292	-785	311	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt conversion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-199	-	-	-	-	-	-	-	-
Notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	-1	1	-	-	-	-	-	-	-	-
Issuance of note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	-2	-1	-	-	-	-
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	726	-238	184	-263	-989	173	-16	-481	-8	91	206	123	-374	105	420
Inventory
-84	-481	-20	1,157	925	2,811	-608	516	229	-270	285	-41	43	-128	99	-118	-150	85	387	50	93	-148	58	181	2	-93	-78	-88	82	81	29	43	-3	-14	4	13	2	60	-2	-59	25
Prepaid expenses and other assets
900	-538	662	-1,644	966	-813	2,198	-2,130	2,182	854	-420	-113	1,004	-109	-38	101	-187	-400	5	727	195	-40	107	-2	17	-299	-166	-202	172	96	195	-10	-52	42	2	28	-2	-	-	-	-
Accounts payable
-982	-2,576	-1,857	-793	2,052	745	1,130	-946	666	315	-325	-842	598	-915	127	482	-798	578	-30	-76	648	-164	292	-445	181	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-454	-151	314	-22	263	137	251	135	85	-94	-271	136	-77	-244
Accrued expenses and other long-term obligations
-1,392	5,432	937	-1,730	1,010	-1,961	1,394	-3,669	1,826	708	872	38	-29	-485	554	1,145	-748	68	550	-131	-65	400	160	276	-286	79	7	246	405	439	-520	177	44	227	64	37	-71	-	-	-	-
Operating lease liabilities
-405	-	-	-	-396	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-2,041	-	-	-	-623	-	-	-	-1,265	680	990	1,489	-516	271	-1,136	-1,501	637	857	-348	638	-512	1,228	-155	-753	-107	-130	616	22	420	63	971	-159	65	902	311	212	78	109	183	67	-166
Net cash provided by (used in) operating activities
-3,403	-4,373	1,081	-1,405	4,247	-1,067	-1,066	-4,100	-896	2,047	1,526	-2,424	-1,185	-1,282	354	-446	-638	1,362	1,131	316	546	1,035	924	676	71	856	383	710	76	938	933	329	609	1,534	803	704	312	249	133	-1,210	-111
Cash flows from investing activities:
Acquisitions, net of cash acquired
0	0	0	-52	7,495	618	22,199	6,914	37,253	-82	1,774	35,622	8,076	0	0	0	12,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of intangible asset
1,823	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
241	-142	166	67	926	395	765	172	566	458	160	761	21	308	104	19	5	116	301	331	658	422	95	122	168	240	-102	105	140	737	16	106	45	61	15	53	-8	10	8	200	-77
Software capitalization costs
844	617	1,096	1,084	1,027	1,360	973	735	828	854	804	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collection of note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Disposals of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-8	26	0	38	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collection of note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	5	0	0	10	0	5	0	48	24	-	-	-	-	-	-	-	-
Net change in funds held for clients
-27,714	57,341	-16,418	-19,182	-12,761	51,067	1,880	-17,921	-576	19,111	-5,210	-2,117	-1,540	10,717	-12,261	-4,083	12,189	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities
24,806	60,390	15,156	18,083	3,313	-53,440	-25,817	10,100	-38,071	-20,141	2,472	-34,266	-6,557	-11,025	12,316	4,139	-24,205	-116	-301	-339	-632	-751	-3,168	-118	-163	-302	102	-95	-140	-1,083	-9,816	-58	-21	-10,436	-15	-53	8	-10	-8	-200	77
Cash flows from financing activities:
Proceeds from notes payable
0	20,636	0	0	8,000	0	0	0	36,750	0	0	40,777	5,000	1,590	1,488	2,835	12,500	1,050	1,750	1,500	1,000	2	3,179	0	15,000	1,500	2,500	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments of notes payable
1,784	113,783	282	3,669	687	1,333	384	5,388	0	875	1,707	322	6,069	2,060	1,899	3,274	0	1,238	2,652	1,988	887	1,588	1,287	188	16,248	1,173	2,981	2,363	363	418	3,125	16	274	-	-	-	-	-	-	-	-
Proceeds from revolving line of credit
0	-	-	-	283	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on amendment of senior notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Payments on conversion of subordinated notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	222	-	-	-	-	-	-	-	-
Proceeds from revolving line of credit
-	-	-	-	-	-	0	2,161	2,379	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on amendment of senior notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	75	0	0	0	704	330	-188	0	188	-	-	-	-	-	-	-	-	-	-	-	-
Debt financing fees
20	437	0	0	1,102	0	32	84	1,577	0	0	1,333	100	0	0	0	438	0	0	0	0	0	0	-10	575	-298	298	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments of finance leases
0	0	34	34	34	11	56	68	0	0	40	45	46	39	52	53	53	43	50	46	51	40	37	35	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance proceeds for settlement of notes payable dispute, net of expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	0	373	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments on capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21	19	24	12	3	6	12	22	12	12	12	12	12	11	13
Net proceeds from issuance of common stock
106	-	-	-	0	-	-	-	-	-	-	-	-	14,631	33	525	3	2	0	543	42	0	3	0	21	22	0	8	5	5	-1	2	14	-	-	-	-	-	-	-	-
Net change in client fund obligations
-27,751	57,656	-17,726	-19,376	-12,862	51,459	1,560	-17,921	-576	19,111	-5,210	-2,117	-1,485	10,717	-12,261	-4,083	12,189	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	110
Net cash used in financing activities
-29,449	-39,685	-18,268	-18,640	-6,402	50,408	-1,137	15,541	36,976	18,418	-7,053	64,876	-2,700	24,839	-12,691	-4,050	24,201	-229	-952	9	29	-1,627	1,858	-213	-2,165	291	-638	1,087	-570	-425	10,136	35	-494	3,917	3,338	-12	-12	-12	-12	-11	-123
Effect of foreign exchange rates
0	-82	-49	27	-11	349	369	-504	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-8,046	16,250	-2,080	-1,935	1,147	-3,750	-27,651	21,037	-1,984	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of foreign exchange rates
-	-	-	-	-	-	-	-	-	4	100	-55	-37	-54	27	87	37	19	31	-47	11	26	18	-12	-9	-13	-36	5	45	1	0	-2	28	-30	-70	-4	13	6	19	-19	39
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	328	-2,955	28,131	-10,479	12,478	6	-270	-605	1,036	-91	-61	-46	-1,317	-368	333	-2,266	832	-189	1,707	-589	-569	1,253	304	122	-5,015	4,056	651	305	233	132	-1,286	-272
Supplemental information:
Cash paid for:
Interest
99	2,316	1,777	2,500	2,304	2,214	2,080	1,996	1,529	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	478	411	598	361	434	22	398	11	389	197	4	240	213	484	-	-	-	-	360	248	85	104	-	-	-	-	-	-	-	-
Income taxes
0	95	0	31	0	-10	75	26	0	0	23	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash Investing and Financing Activities:
Subordinated notes payable –acquisitions
0	-	-	-	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated notes payable- Mangrove acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,247	-	-	-	-	-	-	-	-
Subordinated notes payable –acquisitions
-	-	-	-	-	-	1,780	1,870	3,942	-	0	6,075	2,090	-	0	0	6,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity issued in connection with acquisitions
0	0	0	0	555	0	3,293	75	1,125	528	0	20,879	946	0	0	0	0	-	-	-	-	-	-	-	-	-	-	257	399	-	-	-	-	-	-	-	-	-	-	-	-