| Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||
Net income (loss) | ||||||||||
-4,944 | -13,493 | -12,318 | -24,394 | -47,701 | -87,926 | -100,491 | -123,042 | 0 | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
127,344 | 129,199 | 131,565 | 133,821 | 136,268 | 139,062 | 140,159 | 139,474 | 0 | 0 | 0 |
Non-cash interest charges and amortization of debt discount and deferred financing costs | ||||||||||
14,766 | 15,343 | 17,080 | 17,498 | 12,888 | 60,278 | 61,603 | 65,554 | 0 | 0 | 0 |
Equity-based compensation expense | ||||||||||
9,760 | 7,701 | 6,007 | 5,267 | 4,907 | 4,421 | 4,486 | 4,138 | 0 | 0 | 0 |
Provision for doubtful accounts | ||||||||||
5,016 | 3,580 | 3,104 | 4,409 | 5,218 | 5,383 | 4,697 | 3,493 | 0 | 0 | 0 |
Deferred income taxes | ||||||||||
-3,874 | -2,532 | 18,721 | -105 | 10,129 | -5,278 | -34,211 | -23,278 | 0 | 0 | 0 |
Unrealized foreign currency gains | ||||||||||
9,723 | 3,444 | 24,405 | 13,533 | 6,878 | 5,632 | -11,100 | -5,011 | 0 | 0 | 0 |
Gain on sale of business | ||||||||||
0 | 0 | 28,144 | - | - | - | 0 | 1,785 | 0 | 0 | 0 |
Payment of contingent consideration | ||||||||||
0 | 0 | 0 | - | - | - | 0 | - | - | - | - |
Other | ||||||||||
- | - | 5,381 | 5,441 | 63 | 61 | 30 | -194 | 0 | 0 | 0 |
Changes in operating assets and liabilities, net of effects of acquisitions and disposal: | ||||||||||
Accounts receivable | ||||||||||
8,142 | 13,083 | 7,143 | 7,784 | 12,400 | 10,176 | 14,798 | 6,349 | 0 | 0 | 0 |
Prepaid expenses and other current assets | ||||||||||
5,038 | 19 | -1,853 | -1,682 | 341 | 637 | 1,794 | -1,579 | 0 | 0 | 0 |
Operating lease right-of-use assets | ||||||||||
- | 0 | 0 | - | - | - | 0 | - | - | - | - |
Other assets | ||||||||||
-492 | 788 | -252 | -742 | 102 | -399 | -721 | -737 | 0 | 0 | 0 |
Accounts payable | ||||||||||
-2,440 | -6,268 | -1,530 | 728 | -3,442 | -517 | -3,649 | -3,831 | 0 | 0 | 0 |
Accrued compensation and benefits | ||||||||||
7,080 | 8,699 | 8,645 | 3,530 | 3,651 | 1,182 | 2,345 | -6,235 | 0 | 0 | 0 |
Other accrued expenses | ||||||||||
-13,090 | -16,044 | -979 | -3,466 | 871 | -3,510 | -1,194 | 4,068 | 0 | 0 | 0 |
Deferred revenue | ||||||||||
- | 0 | -625 | - | - | 11,093 | 16,084 | 4,887 | 0 | 0 | 0 |
Operating lease liabilities | ||||||||||
- | 0 | 0 | - | - | - | 0 | - | - | - | - |
Other liabilities | ||||||||||
- | 0 | 4,310 | - | - | 6,170 | 7,225 | 4,621 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||||
104,807 | 96,333 | 119,718 | 127,128 | 120,295 | 114,373 | 92,313 | 68,848 | 0 | 0 | 0 |
Cash flows from investing activities | ||||||||||
Purchases of property and equipment | ||||||||||
13,078 | 15,077 | 15,267 | 14,629 | 13,313 | 12,321 | 10,960 | 10,734 | 0 | 0 | 0 |
Software development costs | ||||||||||
30,309 | 26,450 | 22,725 | 19,804 | 15,614 | 15,742 | 15,912 | 14,953 | 0 | 0 | 0 |
Acquisitions of businesses, net of cash and restricted cash acquired of $6,068 and $2,711 | ||||||||||
148,541 | 152,291 | 152,291 | 66,463 | 89,999 | 86,249 | 92,160 | 78,528 | 0 | 0 | 0 |
Proceeds from disposal of business | ||||||||||
0 | 0 | 44,865 | - | - | - | 0 | 23,675 | 0 | 0 | 0 |
Other | ||||||||||
6 | 9 | 3 | 24 | 0 | 0 | 0 | - | - | - | - |
Net cash used in investing activities | ||||||||||
-147,069 | -148,962 | -145,421 | -100,920 | -118,976 | -114,362 | -118,480 | -79,988 | 0 | 0 | 0 |
Cash flows from financing activities | ||||||||||
Proceeds from revolving credit facility | ||||||||||
0 | 0 | 0 | - | - | - | 0 | - | - | - | - |
Repayment of revolving credit facility | ||||||||||
0 | 0 | 0 | - | - | - | 0 | - | - | - | - |
Proceeds from term credit facility, net of debt discount of $1,013 | ||||||||||
0 | 0 | 73,987 | - | - | - | 1,321,367 | 1,350,259 | 0 | 0 | 0 |
Repayments of term credit facility | ||||||||||
13,779 | 23,617 | 63,429 | 63,297 | 63,326 | 1,538,864 | 1,498,375 | 1,497,838 | 0 | 0 | 0 |
Payments of capital lease obligations | ||||||||||
- | - | - | - | - | - | - | 171 | 0 | 0 | 0 |
Payments of deferred financing costs | ||||||||||
2,175 | 2,175 | 2,338 | 850 | 294 | 294 | 131 | 0 | 0 | 0 | 0 |
Proceeds from the exercise of stock options | ||||||||||
0 | 0 | 0 | - | - | - | 0 | - | - | - | - |
Payment of contingent consideration | ||||||||||
3,695 | 3,695 | 3,695 | 2,873 | 2,873 | 2,873 | 2,873 | 0 | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | ||||||||||
54,890 | 45,052 | 4,789 | -67,020 | 8,032 | -254,296 | 89,570 | 121,945 | 0 | 0 | 0 |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ||||||||||
-1,891 | -989 | -3,421 | -3,073 | -1,891 | -407 | 3,115 | 2,714 | 0 | 0 | 0 |
Decrease in cash, cash equivalents, and restricted cash | ||||||||||
10,737 | -8,566 | -24,335 | -43,885 | 7,460 | -254,692 | 66,518 | 113,519 | 0 | 0 | 0 |
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets | ||||||||||
Supplemental disclosure of cash flows information | ||||||||||
Issuance of securities by Cision Owner in connection with acquisitions | ||||||||||
- | - | - | - | - | - | - | 7,000 | 0 | 0 | 0 |
Stock Issued for Acquisition | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Issuance of shares for acquisitions | ||||||||||
182,248 | 182,248 | 182,248 | -60,348 | 20,143 | 20,143 | 20,143 | - | - | - | - |