Emmis communications corp (EMMS)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11
OPERATING ACTIVITIES:
Consolidated net income

-11,046

52,604

7,845

2,516

-141

1,549

432

24,239

12,990

432

70,765

572

-7,954

18,257

-398

3,315

-13,345

5,968

4,915

2,158

-106,078

3,234

4,192

2,667

34,105

5,668

3,925

4,957

5,280

5,636

40,208

-2,873

-22,659

58,702

-4,622

-693

Adjustments to reconcile net income to net cash provided by (used in) operating activities—
Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,956

3,707

38,776

-2,359

-4,101

-1,238

-2,552

2,894

Gain on sale of radio and publishing assets, net of disposition costs

-

-

-

-

0

-235

-15

32,067

-56

-46

76,706

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

263

-147

750

-

345

-76

799

889

880

881

978

1,060

1,132

1,282

1,332

1,412

1,532

1,403

1,450

1,500

1,482

1,591

1,353

1,259

1,218

1,213

1,176

1,210

1,218

874

1,420

-685

1,081

2,007

2,322

Amortization of debt discount

-

81

98

139

-

200

335

465

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash accretion of debt

-

-21

-20

-21

-

-21

-20

-21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

448

0

0

10,971

-

-

-

-

Noncash accretion of debt

-

-

-

-

-

-

-

-

-

-103

-186

-185

-

-186

-185

-186

-

-185

-186

-186

-

-1,316

-1,031

0

-

-

-

-

-

3,257

5,708

3,231

-

-

-

-

Loss on debt extinguishment

-

-

-

-

-8

0

0

-771

0

-139

-2,523

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,367

-56

-601

-484

-3

-525

0

-1,478

Amortization of deferred financing costs, including original issue discount

-

-

-

-

-

-

-

-

525

545

815

651

391

416

427

427

422

423

427

395

369

344

323

191

187

201

225

225

-

-

-

-

-

-

-

-

Provision for bad debts

98

78

-49

64

-356

209

-305

698

-44

107

544

92

216

108

89

-36

334

191

41

60

42

193

130

262

273

-101

172

166

-202

8

190

90

-19

34

97

120

Benefit for deferred income taxes

8,226

-16,388

-1,666

396

-2,893

-843

1,298

-4,181

-14,015

481

1,425

-25

-2,078

633

633

634

-423

840

842

841

27,823

4,453

2,099

2,344

-35,113

649

639

649

-1,822

1,365

-2,142

-3,920

-2,708

-29,480

651

-2,789

Noncash compensation

345

341

371

395

244

366

395

463

638

620

707

689

703

701

660

856

235

904

1,661

2,104

685

597

583

948

1,331

471

2,419

663

618

1,370

565

389

317

262

231

282

Loss on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

0

3

-

9

1

0

-

-23

6

10,000

-

0

-795

3

Net cash provided by operating activities - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-68

59

217

-1,076

705

-729

-2,324

-262

-8

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

-

-

0

-

-

-

-

-

-11

-28

-47

-

-

-

-

-

-

-

-

Changes in assets and liabilities—
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

813

0

252

-252

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

277

71

283

-

-19

-220

-454

-

456

-1,027

676

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

-874

2,139

-1,228

1,501

-1,668

789

-262

-2,518

-2,724

-2,073

-1,744

1,350

-6,192

-726

1,438

2,020

-5,172

1,459

-7

1,924

-4,172

1,407

522

9,197

-2,102

-1,522

2,428

4,452

-5,330

447

1,172

3,079

-4,544

-2,360

1,432

557

Prepaid expenses and other current assets

-14

7,503

-338

1,119

-356

-190

-1,353

387

1,207

-672

-1,650

1,746

-1,107

-646

-459

573

-844

-238

-435

228

-765

-539

1,378

1,453

-1,274

-135

-1,773

1,544

2,229

-2,273

-1,014

578

-956

-474

813

-673

Other assets

-329

10,025

17

-884

-169

-157

565

22

24

287

65

131

-71

283

174

258

367

768

246

202

-110

-160

628

324

367

297

314

853

-736

-160

1,134

200

-67

269

60

48

Accounts payable and accrued liabilities

-9,007

7,467

-743

507

-757

835

865

-5,146

1,820

1,434

-2,374

-10,581

7,859

-520

325

-2,533

3,058

-2,270

1,235

-3,259

2,762

-560

-5,571

2,996

1,829

-391

1,751

-1,485

2,429

-4,120

-1,956

-854

2,100

-2,052

-1,535

2,468

Deferred revenue

-33

-239

-260

972

-142

-516

-899

1,534

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-1,052

-92

1,253

-

-318

-1,305

1,477

489

-1,187

-606

1,171

675

-632

-1,315

1,334

1,582

-2,135

-570

1,767

-344

-253

-1,902

891

387

-2,109

1,731

-800

Income taxes

-13,712

8,135

190

-3,891

3,825

715

197

9,245

8

-22

8

-115

11

-5

42

-124

-105

49

36

-97

49

73

55

-207

-658

294

-514

192

-769

-479

60

-664

-537

2,476

149

-223

Other liabilities

-327

-122

779

-1,863

-1,111

-28

119

239

-641

-2,805

1,456

-743

128

-776

193

-333

364

-44

-166

-1,420

-346

-2,506

1,551

-1,089

273

-330

389

-95

-1,333

-1,352

-2,800

-3,809

49

58

-614

-603

Net cash provided by (used in) operating activities

-8,203

-6,889

4,169

-1,730

4,659

4,043

-152

-811

3,351

3,367

3,479

-10,271

9,559

3,613

4,020

2,069

8,414

4,621

10,390

1,689

7,854

6,833

4,623

-854

8,646

6,147

8,399

1,503

4,349

4,677

-1,744

-5,437

4,023

873

137

-1,275

INVESTING ACTIVITIES:
Purchases of property and equipment

219

10

-155

244

160

19

28

20

618

353

441

397

1,447

692

309

402

1,445

662

860

421

949

890

1,050

625

780

420

841

1,016

1,213

1,195

206

750

2,247

520

1,082

1,273

Proceeds from the sale of assets

-

-

-

-

0

171

0

60,000

108

162

79,968

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash received from investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

439

0

-30

250

2,500

0

1,989

2,000

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23

0

0

23

-23

188

-185

-10

192

11

-10

-1

0

66

-24

-21

-21

-

-

-151

-9

Net cash (used in) provided by investing activities - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-843

-807

19,517

8,780

85,488

-25

-222

-579

-51

5,797

Net cash provided by investing activities

-186

130,117

-218

-244

-363

121

-85

59,980

-510

-191

79,527

-397

6,772

22,744

12

-379

-1,461

-646

-776

-398

-3,831

-938

-134,632

-817

-1,219

-410

-1,653

-2,073

15,811

7,609

93,320

-2,754

-2,454

128,914

298

4,533

FINANCING ACTIVITIES:
Payments on long-term debt

1,933

15,343

2,226

27,050

4,688

1,671

1,646

54,533

2,552

9,507

84,290

4,484

10,108

32,697

5,675

7,490

7,206

7,194

8,172

1,656

5,166

7,655

60,635

6,085

7,061

5,050

5,032

6,983

102,206

11,559

90,932

75,019

6,496

128,936

4,230

6,489

Proceeds from long-term debt

0

0

0

27,000

0

0

0

2,500

1,000

7,000

5,000

8,690

5,350

5,000

4,000

7,000

2,000

3,000

3,000

3,000

2,000

2,000

201,000

9,000

1,000

0

1,000

5,000

87,000

2,000

0

92,198

5,448

32,493

7,000

6,000

Distributions to noncontrolling interests

-

-

-

1,121

-

-

-

1,721

1,315

1,302

1,182

1,072

1,314

2,189

887

1,187

1,455

1,904

851

1,636

1,441

1,457

881

1,649

1,006

1,798

859

957

1,758

1,187

1,334

824

1,067

822

863

1,400

Proceeds from the exercise of stock options

-

588

78

23

-

212

12

119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of tax withholding obligations

5

16

306

69

204

51

313

73

118

57

161

57

108

171

75

185

152

312

189

318

4

38

0

1,424

566

372

0

133

-

-

-

-

12

0

0

74

Proceeds from exercise of stock options and employee stock purchases

-

-

-

-

-

-

-

-

0

70

6

55

0

95

20

0

0

0

79

54

34

85

55

237

191

8

67

59

140

28

113

21

-

-

-

-

Payments for debt related costs

13

7

18

617

-

-

-

-

0

0

0

1,636

0

32

0

0

0

0

0

1,134

0

1,005

6,001

843

0

27

58

79

5,803

45

72

3,423

28

3,610

37

516

Acquisition of rights in and purchase of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

24

83

-

-

-

-

-

-

-

-

Net cash used in financing activities

-1,835

-15,050

-3,296

-1,834

-6,329

-2,578

-2,950

-53,708

-2,985

-3,796

-80,627

1,496

-6,180

-29,994

-2,622

-1,862

-6,813

-6,410

-6,133

-1,690

-4,577

-8,070

133,538

-764

-7,442

-7,239

-4,906

-3,176

-22,835

-10,775

-92,225

12,953

-5,603

-129,109

1,870

-2,479

INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

-

-

-

-3,808

-

-

-

5,461

-144

-620

2,379

-9,172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

22

-30

235

132

-305

105

-229

-374

103

323

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,637

1,410

-172

140

-2,435

3,481

-399

-554

-2,175

3,529

-2,435

-15

-1,502

1,862

-3,776

-2,440

1,643

-954

4,867

-4,263

304

2,408

1,102

SUPPLEMENTAL DISCLOSURES:
Cash paid for (refund from) —
Interest

1,202

673

893

1,246

1,301

1,184

1,237

2,043

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

2,237

4,922

3,399

-

4,139

4,077

3,866

4,175

4,154

4,092

4,321

3,722

3,664

1,025

1,370

1,468

1,536

1,586

1,699

3,973

2,461

7,681

7,696

4,626

8,765

7,235

4,742

Income taxes

-509

7,585

207

4,195

0

-816

-20

369

458

2,197

-172

153

0

0

-4

116

0

0

0

216

0

0

-35

278

112

-211

-138

-666

827

617

537

194

-270

354

364

559

Noncash financing transactions —
Stock issued to employees and directors

-

306

472

382

-

387

438

463

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Value of stock issued to employees under stock compensation program and to satisfy accrued incentives

-

-

-

-

-

-

-

-

634

623

705

688

703

699

678

840

921

1,283

1,327

1,432

600

593

582

3,862

554

1,213

465

842

912

-68

565

389

365

255

228

242