Evolving systems inc (EVOL)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss

-9,695

-14,787

2,516

3,435

3,296

5,608

3,806

5,564

32,309

5,353

4,824

Income from discontinued operations

-

-

-

-

-

-

-

-

33,264

5,337

4,528

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-955

16

296

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

190

121

250

259

314

246

155

-

-

-

287

Depreciation

-

-

-

-

-

-

-

268

342

347

-

Amortization of intangible assets

938

970

860

783

266

95

211

400

560

688

696

Amortization of debt issuance costs

6

9

13

32

14

15

18

1

11

83

142

Amortization of operating leases - right of use assets

414

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

331

702

742

259

317

401

288

264

573

902

843

Payment of contingent purchase consideration

-

445

-

-

-

-

-

-

-

-

-

Gain on earn-out from acquisition of Telespree

-

-

-

178

-

-

-

-

-

-

-

Accretion of discount on marketable securities

-

-

-

-

-

-

-

6

6

-

-

Gain on sale of marketable securities

-

-

-

-

-

-

-

891

221

-

-

Foreign currency transaction (income) loss, net

-455

810

-1,136

-552

-6

-9

-39

-106

330

-121

-

Bad debt expense, net of recoveries

100

431

861

-

-

-

-

-

-

-

-

Release of Telespree liability

-

496

-

-

-

-

-

-

-

-

-

Change in fair value of contingent earn-out

-

413

-4

-

-

-

-

-

-

-

-

Provision for doubtful accounts

-

-

-

150

41

-

-

27

-

-

-

Provision for unbilled work-in-progress allowance

-

-

-

-

-

-

114

288

-

-

-

Unrealized foreign currency transaction (gains) and losses, net

-

-

-

-

-

-

-

-

-

-

-574

Provision for deferred income taxes

330

-946

-491

-24

-1,123

-282

-257

-340

-550

-668

-197

Goodwill impairment loss

6,687

17,760

-

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Contract receivables

-858

-2,473

-

-

-

-

-

-

-

-

-

Contract receivables

-

-

2,971

-

-

-

-

-

-

-

-

Contract receivables

-

-

-

-643

-2,202

3,398

1,514

310

-855

677

1,437

Unbilled work-in-progress

-1,839

-1,803

1,032

-204

-721

2,977

-2,444

3,652

-176

-67

-419

Prepaid and other assets

231

25

-1,983

182

120

214

28

-468

417

-480

609

Accounts payable and accrued liabilities

-700

-1,326

-1,905

276

-2,305

985

-204

-461

-1,913

-653

-853

Income taxes receivable

-12

2,036

-264

-

-

-

-

-

-

-

-

Unearned revenue

-49

-1,244

856

-

-

-

-

-

-

-

-

Lease obligations - operating leases

406

-

-

-

-

-

-

-

-

-

-

Unearned revenue

-

-

-

687

-1,404

-888

3,543

-1,894

511

-692

-490

Other long-term obligations

-

-

380

-

-

-

-

-

-

-

-

Other long-term obligations

-

-

-

-

-

-

-

-

-

-

-1,403

Net cash provided by operating activities

-

-

-

-

-

-400

8,615

-168

-1,364

14

-1,732

Net cash provided by operating activities of discontinued operations

-

-

-

-

-

-

-

-

6,277

5,741

5,376

Net cash used in operating activities

1,079

2,567

3,458

6,896

2,225

-

-

-

4,913

5,755

3,644

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment

383

185

80

61

198

588

270

79

90

326

423

Business combinations, net of cash received

-

-

5,936

-

9,014

-

412

-

-

-

-

Proceeds from sale of business, net

-

-

-

-

-

-

-

-

37,509

-

-

Purchase of marketable securities

-

-

-

-

-

-

-

-

5,979

-

-

Purchase of marketable securities, related party

-

-

-

-

-

-

-

-

16,895

-

-

Proceeds from sale of marketable securities, related party

-

-

-

-

-

-

-

17,831

6,200

-

-

Restricted cash - Escrow deposit for acquisition for BLS

-

-

-

-

-

-24

-53

-

2

-

-50

Net cash used in investing activities

-

-

-

-

-

-564

-629

17,752

20,743

-326

-373

Net cash used in investing activities of discontinued operations

-

-

-

-

-

-

-

-

-670

-74

-101

Net cash used in investing activities

-383

-185

-6,016

-61

-9,212

-

-

-

20,073

-400

-474

CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on notes payable

4,243

2,788

2,025

-

-

-

-

-

-

-

-

Capital lease payments

-

-

1

5

5

8

5

12

10

11

10

Payment of contingent earn-out

-

380

-

-

-

-

-

-

-

-

-

Proceeds from revolving line of credit

-

-

-

-

10,000

-

-

-

-

-

-

Payments of the revolving line of credit

-

-

-

10,000

-

-

-

-

-

-

-

Proceeds from term loans

-

-

4,730

6,000

-

-

-

-

-

-

-

Payments for debt issuance costs

-

-

-

20

-

-

-

-

-

-

-

Principal payments on long-term debt

-

-

-

-

-

-

-

-

-

-1,811

6,550

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

1,469

Common stock cash dividends

-

-

-

2,596

5,143

4,883

4,127

44,841

2,170

1,008

-

Excess tax benefits from stock-based compensation

-

-

-

-

797

1,390

416

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

1,000

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

1,253

-

-

Proceeds from the issuance of stock

-

5

33

67

300

300

494

630

1,997

2,961

811

Net cash provided by (used in) financing activities

-

-

-

-

-

-3,201

-3,222

-43,223

-1,436

131

-4,280

Net cash used in financing activities of discontinued operations

-

-

-

-

-

-

-

-

-2

-11

-11

Net cash used in financing activities

-4,243

-3,163

2,737

-6,554

5,949

-

-

-

-1,438

120

-4,291

Effect of exchange rate changes on cash and cash equivalents

-109

-49

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-3,656

-830

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-231

-1,067

-343

161

177

193

-59

-43

707

Net decrease in cash and cash equivalents

-

-

-52

-786

-1,381

-4,004

4,941

-25,446

23,489

5,432

-414

Supplemental disclosure of cash and non-cash transactions:
Interest paid

327

499

345

312

107

1

2

3

3

21

1,822

Income taxes paid

995

887

-

-

-

-

-

-

-

-

-

Income taxes paid

-

-

1,504

1,270

2,089

182

69

712

1,854

365

844

Common stock dividends declared, not yet paid

-

-

-

2,636

5,221

4,966

4,191

22,569

23,901

532

-

Property and equipment purchased and included in accounts payable

-

-

-

244

1

191

-

-1

-10

-5

10

Measurement period adjustment to goodwill and intangible assets

-

281

-

-

-

-

-

-

-

-

-

Supplemental non-cash amounts of lease liabilities arising from obtaining right of use assets

1,609

-

-

-

-

-

-

-

-

-

-

Unrealized gain loss on investments, related parties

-

-

-

-

-

-

-

-

-452

-

-

Final cash payment related to acquisition

-

-

-

-

-

-

494

-

-

-

-

Issuance of common stock related to acquisition

-

-

-

-

-

19

761

-

-

-

-

Contingent consideration related to acquisition

-

-

-

-

-

-

178

-

-

-

-