Global eagle entertainment inc. (ENT)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

-

-41,274

-38,460

-37,609

-

-43,230

-45,909

-38,284

-

-52,967

-44,130

-125,611

-

19,354

-38,160

-2,412

-

-6,872

12,987

-3,431

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-27,511

-15,530

11,996

-26,149

-69,296

-5,395

-13,029

-27,021

-13,743

-7,851

-14,117

-7,092

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization of property and equipment and intangibles

-

20,788

21,525

21,952

-

24,482

26,785

23,250

-

22,973

22,046

20,720

-

15,342

11,046

10,549

-

9,512

8,180

8,165

-

8,335

8,293

9,395

10,475

8,697

6,976

4,702

359

378

253

239

Amortization of content library

1,173

1,905

1,596

1,974

2,163

3,606

3,509

2,400

4,393

3,656

3,142

4,622

8,454

3,569

1,514

1,395

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense, net

7,841

7,320

7,352

6,868

6,764

6,488

6,417

1,877

2,175

1,678

1,384

1,212

677

815

168

256

463

159

184

97

42

-6

-13

0

-

-

-

-

0

0

6,657

2,972

Stock-based compensation

983

1,744

2,327

1,289

3,032

3,917

2,224

3,644

3,585

1,157

991

1,852

2,686

3,799

2,193

2,069

1,987

2,146

1,552

2,550

1,582

1,896

1,973

2,616

2,634

526

880

496

893

73

216

459

Tax effect of Second Lien Notes' beneficial conversion feature

0

0

0

2,688

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

0

0

0

-14,389

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill, Impairment Loss

-

-

-

-

-

-

-

-

89,000

0

0

78,000

64,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from equity method investments

-

-

-

-

-

-

-

-

1,898

0

2,455

2,445

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

2,204

3,130

2,517

2,129

-49,921

2,022

428

1,161

-16,335

1,771

601

1,539

1,764

2,065

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,556

40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of fixed assets

-80

-26

-193

-164

-125

-419

-509

525

30

44

-65

-452

975

17

-993

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income on subscriptions receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

Loss (gain) disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

FX effect on intercompany borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Change in fair value of derivatives

134

-6

0

938

384

-196

-655

564

838

197

-445

2,920

7,533

1,190

10,927

5,865

-1,928

-1,877

14,789

954

-7,510

-5,253

21,346

-15,538

-56,854

2,233

-4,884

-4,456

-3,824

248

0

0

Gain on sale of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of common stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Provision for bad debt

3,115

671

437

393

1,540

489

-476

-326

-611

1,027

1,777

595

2,804

358

-901

363

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Warrants for common stock issued for services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-43

402

-

0

1

279

Deferred Income Tax Expense (Benefit)

-2,941

-368

-616

-8

817

-816

-676

-7,230

-15,315

-320

-927

-351

-2,017

-56,513

-522

-1,317

-1,531

2,405

-3,578

-3,748

3,056

-5,854

-707

-1,563

-6,480

3,108

-331

-1,201

0

0

0

0

Other

-1,000

9

959

-1,347

324

325

325

325

746

732

732

734

1,488

0

0

0

459

-290

-95

-170

-

0

81

-81

-

-41

69

-9

-

-

-

-

Changes in operating assets and liabilities:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,438

-1,438

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

-7,798

8,002

-14,559

9,567

-515

-3,248

4,857

-10,068

-990

-8,157

-1,593

6,581

7,398

5,972

-848

-4,490

-198

3,544

-4,200

6,733

7,682

10,220

10,017

-1,533

1,326

-1,016

-334

2,827

100

1,427

-2,331

4,687

Inventories

-4,132

-3,357

1,836

-416

-2,468

6,752

2,090

5,246

-2,150

3,383

-1,695

6,099

-4,915

-224

-884

3,900

-2,665

117

5,333

-1,205

-2,707

-2,203

3,822

4,645

-6,206

3,465

4,690

1,105

1,358

-935

1,070

-278

Prepaid expenses

2,339

-603

-7,066

2,979

480

-5,029

5,946

-6,084

1,848

-1,150

798

-5,668

-

-

-

-119

937

-707

-799

1,841

-2,907

-3,306

1,676

4,986

5,206

2,097

-2,012

2,357

-225

892

683

443

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-133

-115

261

343

Content library

217

1,960

1,000

647

1,211

2,848

2,190

2,627

4,002

2,570

2,562

6,405

9,833

3,783

1,380

3,618

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current assets

-910

-1,748

5,153

7,310

2,752

1,036

1,853

-1,255

817

105

-4,342

4,484

-7,765

-152

138

5,084

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-7,310

3,485

2,001

9,473

8,366

-19,406

-16,239

1,267

21,116

11,045

-13,766

-10,515

14,168

-37,233

34,030

3,889

3,512

-701

1,328

44

-686

11,502

4,353

4,472

-1,780

1,037

-8,239

-13,526

-4,337

-98

-3,406

419

Deferred revenue

-

-417

1,651

727

-

2,447

-122

2,279

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-618

381

-7,157

-1,798

-3,297

-639

-3,346

474

131

-393

1,367

1,935

-399

248

4,545

1,002

-16

-147

2,060

-450

-403

-2,093

Other liabilities

-

398

1,480

9,041

-

-524

2,138

211

-

-

-

-

-

-

-

-

-

210

2,068

1,115

-

222

136

587

-

-2,142

2,344

-202

-

-

-

0

Other liabilities

-

-

-

-

-

-

-

-

-3,064

292

-293

-471

1,147

-3,534

1,688

-91

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Operating Activities

-900

-9,972

12,203

-10,231

-4,645

-26,638

-38,874

-3,953

3,875

-11,546

-24,492

-35,374

-3,327

-36,639

-935

1,601

9,845

7,466

8,298

-3,754

-11,341

859

-10,040

-2,873

-5,586

2,055

-12,291

-38,321

-10,653

-9,455

-9,697

-9,475

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment

2,503

4,346

4,359

9,083

9,928

9,051

9,228

15,244

12,327

19,779

22,706

20,182

24,689

11,905

14,243

3,336

5,943

9,731

2,328

2,651

2,843

2,193

2,006

2,032

1,452

2,778

6,991

256

243

443

1,670

76

Issuance of loan to related party

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,900

2,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of loan to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash received from Row 44 Merger

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78

0

0

159,227

0

0

0

0

Cash received from AIA Stock Purchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

0

22,136

0

0

0

0

Purchase of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

5,306

3,967

3,702

-

2,324

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from sale of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

5,285

3,996

3,742

-

580

0

0

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH USED IN INVESTING ACTIVITIES

-2,503

-4,346

-4,359

-9,083

-9,928

-9,051

-9,228

-15,244

-12,327

-19,779

-21,456

-20,182

-9,100

-103,552

-16,114

-5,796

-4,199

-71,717

-2,328

-2,651

-3,575

-2,693

-1,423

-2,032

-35,747

-12,966

-2,554

181,107

-243

-443

-1,670

-76

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of Second Lien Notes and equity warrants

-

-

-

-

-

-

-

-

0

-485,000

0

485,000

-1,339

1,339

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

10,000

Issuance costs

0

3,772

0

0

0

0

0

6,968

1,631

1,403

5,580

12,313

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt

-

-

-

-

-

-

-

-

-

-

0

412,400

3,806

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of revolving credit facility

3,200

34,400

25,250

21,000

0

2,585

78,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Issuance of Long-term Debt

-

-

0

0

-

-

0

150,000

-

-

-

-

-

-

-

-

-81,250

0

0

81,250

-

0

16

0

-

-

-

-

-

-

-

0

Proceeds from borrowings on revolving credit facility

25,500

13,000

16,750

17,900

25,000

31,600

0

0

-115

28,115

0

50,000

27,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

5,866

9,512

0

0

0

0

Repayments of indebtedness

-

1,836

6,075

3,324

-

3,506

3,298

3,414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

80

-

-

-

-

Repayments of long-term debt

-

-

-

-

-

-

-

-

-

-

3,513

171

-

1,847

213

212

-

203

151

282

2,309

170

4,091

3,099

2,024

13

3,600

0

3

3

4

3

Proceeds from the exercise of common stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from the exercise of common stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

0

Payment of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

170

-

-32

541

4,963

-

-

0

0

-

-

-5

296

-

-

-

-

Other financing activities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

137

0

-371

-105

1

-95

-29

-239

345

-18

0

-327

-

-

-

-

Proceeds from borrowings from related party

0

0

0

7,350

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

NET CASH PROVIDED BY FINANCING ACTIVITIES

17,139

13,039

-17,585

926

21,734

25,509

-81,298

139,618

890

22,742

-9,922

110,116

20,038

-630

-5,468

-42

-221

-235

-812

85,826

2,822

-3,804

-23,711

-3,338

202,212

-1,312

-10,266

-9,623

7

4

24,982

9,997

Effects of exchange rate changes on cash and cash equivalents

-

-

-

265

-

-

-

30

-

-98

121

250

-

267

44

-133

73

88

4

221

105

-9

-95

0

-

-

-

-

0

0

0

0

Net decrease in cash and cash equivalents

13,826

-1,389

-9,807

-18,123

7,423

-10,261

-129,526

120,451

-7,190

-8,681

-55,749

54,810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-140,554

-22,473

-4,370

5,498

-64,398

5,162

79,642

-11,989

-5,647

-35,269

-8,243

160,879

-12,223

-25,111

133,163

-10,889

-9,894

13,615

446

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Issuance of common stock in exchange for warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-550

Cash paid for taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

Cash paid for Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:
Purchases of property, plant and equipment held in accounts payable

134

-1,425

-951

2,481

481

-2,714

6,290

0

-5,000

-9,110

-5,000

28,500

-

-

-4,900

4,900

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Paid-in-Kind Interest

-

10,077

0

9,507

-

8,450

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing of purchased satellite transponders included in property and equipment

0

0

0

8,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of AIA through issuance of common stock

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-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Notes payable and accrued interest converted into preferred stock and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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-

-

-

-

-

-

-

-

-

-

-

-

0

Reclassification of sponsor warrants due to waiver

-

-

-

-

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-

-

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-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Reclassification of MLBAM warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Property and equipment purchased with warrants for common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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-

-

-

-

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-

-

-

-

0