| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net loss | ||||||||
-13,570 | -3,170 | -5,004 | 3,827 | -19,019 | -19,281 | -23,877 | -40,667 | -15,025 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
Depreciation and amortization | ||||||||
21,424 | 23,647 | 22,804 | 22,863 | 22,745 | 25,876 | 20,488 | 20,933 | 19,887 |
Amortization of deferred financing costs | ||||||||
669 | 674 | 663 | 670 | 673 | 672 | 762 | 6,246 | 848 |
Change in fair value of contingent consideration | ||||||||
-43 | 22 | 409 | 0 | 1,953 | - | - | - | - |
Share-based compensation expense | ||||||||
3,585 | 3,080 | 3,019 | 2,977 | 1,845 | - | - | - | - |
Impairment of intangible assets | ||||||||
- | 2,597 | 3,872 | 0 | 6,632 | - | - | - | - |
Accrued interest expense | ||||||||
-4,116 | - | - | - | 553 | - | - | - | - |
Deferred taxes, net | ||||||||
-4,833 | -1,302 | 1,087 | -8,423 | -544 | -2,282 | 28,922 | -30,205 | 1,787 |
Other | ||||||||
10 | 914 | -352 | 97 | 22 | -7,458 | 7,862 | 533 | -342 |
Changes in operating assets and liabilities, net of effect of acquisitions: | ||||||||
Accounts receivable, net | ||||||||
-3,615 | -827 | 2,937 | 796 | -1,187 | 2,681 | 3,408 | -4,346 | -4,884 |
Other receivables | ||||||||
-5,307 | 5,265 | -34,228 | 877 | 612 | 5,556 | -80 | -10,613 | 6,700 |
Inventory | ||||||||
1,939 | -1,211 | 1,662 | -933 | 758 | 1,506 | -1,526 | -155 | -1,874 |
Other current assets | ||||||||
1,699 | -2,224 | 2,028 | -355 | 1,143 | -1,147 | 4,711 | -995 | 1,449 |
Operating lease right-of-use assets | ||||||||
-1,807 | - | - | - | -1,592 | - | - | - | - |
Other assets | ||||||||
436 | 567 | 220 | 534 | -88 | -2,895 | 612 | 0 | -665 |
Related parties, net | ||||||||
1,831 | -1,509 | -581 | -1,461 | -246 | -2,503 | -1,975 | 993 | 3,983 |
Accounts payable | ||||||||
466 | 3,011 | -37,838 | -2,751 | 1,616 | 4,318 | -4,419 | 4,572 | -16,897 |
Accrued expenses | ||||||||
-3,948 | 7,875 | 4,153 | -5,492 | -5,895 | -13,391 | 21,036 | -7,556 | 15,420 |
Settlement processing funds, net | ||||||||
29,222 | 43,498 | -69,367 | -44,156 | 129,102 | -126,999 | -19,543 | 5,890 | 2,754 |
Operating lease liabilities | ||||||||
-1,822 | - | - | - | -1,674 | - | - | - | - |
Other | ||||||||
65 | - | - | - | -26 | -34 | -49 | 65 | -58 |
Net cash used in operating activities | ||||||||
-26,661 | -936 | 90,913 | 57,525 | -119,613 | 135,650 | 51,264 | 16,127 | -1,043 |
Cash flows from investing activities: | ||||||||
Acquisition of businesses, net of cash acquired | ||||||||
- | 0 | 35,802 | 0 | 3,030 | - | - | - | - |
Purchase of equipment and improvements | ||||||||
5,167 | 12,169 | 11,336 | 6,800 | 6,503 | 9,788 | 12,993 | 17,380 | 8,590 |
Acquisition of intangible assets | ||||||||
1,702 | 3,254 | 307 | 2,792 | 1,660 | 811 | 4,473 | 12,518 | 2,902 |
Issuance of notes receivable | ||||||||
- | - | - | - | - | 17 | 0 | 0 | 20 |
Collections of notes receivable | ||||||||
12 | 66 | 393 | 19 | 1,400 | 29 | 60 | 18 | 13 |
Net cash used in investing activities | ||||||||
-6,857 | -15,357 | -46,576 | -4,917 | -9,793 | -18,233 | -52,063 | -43,770 | -11,499 |
Cash flows from financing activities: | ||||||||
Proceeds from long-term debt | ||||||||
176,747 | 267,026 | 103,832 | 86,050 | 126,597 | 118,627 | 123,138 | 272,194 | 260,400 |
Repayments of long-term debt | ||||||||
176,420 | 261,876 | 80,537 | 120,669 | 117,713 | 110,145 | 119,610 | 413,096 | 210,636 |
Deferred financing costs paid | ||||||||
- | 0 | 0 | 0 | 2 | 4 | 504 | 3,245 | 150 |
Contingent consideration paid | ||||||||
781 | 357 | 341 | 5,247 | 331 | 884 | 663 | 817 | 141 |
Deferred cash consideration paid | ||||||||
- | - | - | - | - | 0 | 0 | 60,000 | 5,000 |
Consideration paid for additional shares in a consolidated subsidiary | ||||||||
- | - | - | - | - | - | - | - | 16,916 |
Repurchases of shares to satisfy minimum tax withholding | ||||||||
339 | 103 | 78 | 1,508 | 130 | - | - | - | - |
Proceeds from exercise of common stock options | ||||||||
17 | - | - | - | - | - | - | - | - |
Distribution to non-controlling interests holders | ||||||||
63 | 3,279 | 53 | 960 | 5,480 | 1,441 | 1,032 | 1,540 | 3,564 |
Distribution to members | ||||||||
- | - | - | - | - | - | - | - | 10 |
Net cash (used in) provided by financing activities | ||||||||
-839 | 696 | 23,342 | -23,059 | 2,941 | 5,358 | 26,296 | 25,006 | 23,983 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||
-12,635 | 7,877 | -8,242 | 1,740 | -3,149 | -7,562 | 2,810 | -10,255 | 3,486 |
Net (decrease) increase in cash and cash equivalents | ||||||||
-46,992 | -7,720 | 59,437 | 31,289 | -129,614 | 115,213 | 28,307 | -12,892 | 14,927 |