Everi holdings inc. (EVRI)
CashFlow / TTM
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'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities
Net income

16,517

24,864

17,618

13,607

12,356

-16,896

-23,254

-43,786

-51,903

-244,131

-248,096

-239,836

-249,479

-118,792

-116,648

-118,592

-104,972

-24,131

-12,345

5,120

12,140

23,593

23,699

25,751

24,398

23,093

24,389

24,697

25,689

25,828

20,590

14,515

9,129

0

0

0

Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation

63,198

63,457

64,746

63,189

61,225

4,261

16,818

31,952

47,282

28,792

35,402

42,637

50,000

144,105

140,091

135,510

131,024

103,744

76,496

49,695

22,944

25,695

22,394

19,651

16,938

16,800

16,588

16,462

16,639

7,030

7,202

7,595

7,971

0

0

0

Amortization

68,900

67,400

66,332

65,194

65,200

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

9,740

9,020

9,369

8,673

0

0

0

Amortization of financing costs and discounts

4,285

3,605

3,605

4,862

4,877

8,108

8,581

7,939

8,706

6,239

6,532

6,695

6,695

6,673

6,728

6,709

7,109

6,082

4,823

3,636

2,035

1,882

1,883

1,861

1,793

1,727

1,627

1,533

1,485

1,436

1,420

1,420

1,343

0

0

0

Loss on sale or disposal of assets

-1,678

-1,557

-1,775

-1,395

-869

-1,620

-1,329

-2,064

-2,513

-1,589

-2,274

-2,388

-2,563

-3,177

1,475

2,180

2,789

0

0

0

-

-

-

-

-178

0

0

0

-

0

0

0

-

-

-

0

Accretion of contract rights

8,710

8,661

8,561

8,486

8,421

8,273

8,088

7,874

7,819

8,016

8,262

8,597

8,692

8,129

7,861

7,607

7,614

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for bad debts

14,647

13,127

12,257

12,141

11,459

10,133

9,681

9,102

9,737

10,662

10,123

10,281

9,908

10,360

10,720

10,313

10,135

9,188

9,132

9,243

8,991

8,762

8,132

7,778

7,874

8,478

7,126

6,102

5,182

4,529

5,245

5,662

5,959

0

0

0

Deferred income taxes

-1,593

-10,712

-10,182

-10,295

-10,343

-25,993

-24,489

-21,202

-20,015

55,373

15,721

22,223

29,940

-54,036

-10,619

-9,766

-19,878

13,840

6,523

-5,349

-6,613

-11,862

-12,043

-13,277

-13,643

-12,155

-12,909

-13,840

-14,376

-17,716

-15,175

-11,868

-9,252

0

0

0

Reserve for obsolescence

1,463

2,363

1,536

2,055

1,919

1,737

1,184

294

397

2,685

3,180

3,870

3,581

1,684

1,786

1,289

1,243

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-943

0

0

0

Stock-based compensation

9,857

7,275

7,106

6,674

7,251

7,403

7,236

7,349

6,411

7,714

7,447

7,086

6,735

6,342

7,098

7,552

8,284

7,431

7,421

8,612

8,876

8,909

8,032

5,964

5,078

6,406

7,001

6,983

6,655

5,522

5,582

6,555

6,809

0

0

0

Other non-cash items

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Settlement receivables

-12,961

-168,776

104,748

105,614

-143,705

98,256

92,644

111,219

98,390

91,587

20,438

14,232

83,998

10,344

-16,275

-1,596

1,830

-1,688

18,488

233

5,156

3,015

-98,366

-88,982

8,793

-89,549

55,917

45,782

-50,823

113,823

75,344

67,239

69,881

0

0

0

Trade and other receivables

41,754

29,284

25,587

31,990

29,320

27,507

26,397

15,022

884

4,054

4,732

9,495

8,207

8,478

22,955

-5,208

5,219

0

0

0

-

-

-

-

13,335

12,750

8,240

5,744

-1,196

1,614

6,074

1,165

8,125

0

0

0

Inventory

3,067

2,365

6,059

2,634

3,848

5,263

5,222

3,171

5,753

6,029

-1,208

-2,358

-5,600

-3,908

3,210

5,654

1,075

-1,642

-4,786

-4,797

1,120

2,019

4,264

4,368

2,436

1,707

-530

-1,074

-134

577

2,707

3,592

3,146

0

0

0

Prepaid and other assets

18,724

14,988

18,805

16,335

-1,672

-894

-2,829

-3,504

1,105

1,389

-94

737

-4,668

979

-15,460

2,959

5,553

-2,169

17,375

-1,714

-904

10,683

8,361

10,297

9,482

3,822

3,218

4,654

3,425

175

1,499

59

2,323

0

0

0

Settlement liabilities

-100,783

-4,525

113,540

111,707

17,159

107,375

72,085

115,346

78,465

79,446

44,266

17,350

99,245

11,349

-39,511

-31,139

21,229

-9,518

-32,836

-57,662

-25,523

-45,198

-12,043

19,077

-37,200

3,894

70,124

56,398

40,530

110,855

90,682

80,319

82,125

0

0

0

Accounts payable and accrued expenses

42,835

21,619

24,815

24,119

-1,102

-14,976

-26,663

-30,981

-8,276

7,172

-779

17,512

735

966

-17,878

-9,635

-8,806

0

0

0

-

-

-

9,277

5,528

-1,789

-1,343

-3,358

-1,891

0

0

0

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net cash provided by operating activities

84,890

322,268

157,398

149,347

294,286

118,687

71,398

97,601

96,259

116,045

149,579

138,604

131,899

107,032

54,608

63,475

124,587

98,454

75,493

23,750

24,531

8,011

139,985

162,495

4,334

141,832

71,497

67,643

157,488

75,497

82,062

74,572

54,252

0

0

0

Capital expenditures

114,291

106,128

90,778

98,886

103,031

104,978

110,730

105,645

96,490

83,773

77,928

74,312

80,741

94,479

93,837

87,985

76,988

56,941

40,609

28,033

18,442

15,856

14,285

14,077

13,986

14,598

14,979

13,920

12,786

8,546

8,356

7,335

7,420

0

0

0

Acquisitions, net of cash acquired

35,000

20,000

20,000

20,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from sale of property and equipment

56

210

208

198

237

0

0

0

-

-

-

-

4,599

4,607

6,681

2,111

2,102

0

0

0

-

-

-

-

86

0

0

0

-

-

-

-

-

-

-

-

Placement fee agreements

17,102

22,358

22,087

21,242

20,556

15,468

20,373

14,899

13,300

13,257

3,169

13,356

11,312

11,187

12,745

2,558

2,813

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under development agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,104

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-57

103

112

97

91

-3

-3

102

0

0

0

-

-

-

-

-255

0

0

0

-

-

-

-

Net cash used in investing activities

-166,337

-148,276

-132,657

-139,930

-123,350

-120,357

-131,016

-120,462

-109,780

-97,123

-81,852

-83,817

-88,148

-101,696

-107,892

-97,514

-85,549

-1,121,251

-1,097,368

-1,095,562

-1,085,847

-27,476

-26,001

-13,966

-13,990

-15,054

-14,944

-13,889

-12,531

-18,592

-18,850

-17,823

-18,183

0

0

0

Cash flows from financing activities
Repayments against prior credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

208,750

0

0

0

Repayments of prior credit facility

-

-

-

-

-

-

-

-

465,600

0

0

0

-

-

-

-

-

-

-

-

103,000

10,758

16,000

17,500

18,500

20,000

22,000

24,500

52,500

52,500

53,000

58,000

40,000

0

0

0

Repayments of credit facility

58,700

27,750

21,800

8,200

8,200

0

0

0

-

-

-

-

-

-

-

-5,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from current credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

214,000

0

0

0

Debt issuance costs and discounts

-

-

-

-

-

-

-

-

-

-

-

-

480

555

547

1,449

1,221

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

7,099

0

0

0

Proceeds from exercise of stock options

15,704

11,369

12,687

10,208

9,610

16,389

15,480

14,989

10,906

0

0

0

-

-

-

-

1,839

1,920

2,398

3,946

5,338

9,906

10,662

9,909

8,431

4,485

5,435

6,612

6,655

6,167

4,063

1,730

812

0

0

0

Purchase of treasury stock

1,060

1,087

1,056

100

123

146

146

141

110

46

40

40

42

132

142

158

169

117

5,616

9,433

12,180

15,836

13,300

16,530

18,350

14,702

11,793

4,794

262

225

204

193

190

0

0

0

Net cash provided by financing activities

77,613

-17,468

-10,169

632

11

22,813

21,819

26,896

22,394

-898

-3,504

-24,435

-24,922

-25,081

-24,923

-10,816

-24,551

1,029,680

1,026,893

1,024,026

1,037,423

-16,688

-18,638

-24,885

-29,183

-30,981

-29,798

-23,358

-46,783

-47,234

-49,141

-56,621

-41,227

0

0

0

Effect of exchange rates on cash

1,263

-2,252

-36

-1,860

-1,370

-505

-210

1,132

1,292

394

-421

-1,555

-1,714

-1,240

-1,706

-824

-1,552

-1,909

-1,999

-1,767

-1,266

-338

1,204

220

73

253

-1,268

-260

-689

-1,077

634

-93

57

0

0

0

Net (decrease) increase for the period

-2,571

154,272

14,536

8,189

169,577

20,638

-38,009

5,167

10,165

18,418

63,802

28,797

17,115

-20,985

-79,913

-45,679

12,935

4,974

3,019

-49,553

-25,159

-36,491

96,550

123,864

-38,766

96,050

25,487

30,136

97,485

8,594

14,705

35

-5,101

0

0

0

Supplemental cash disclosures
Cash paid for interest

77,351

78,756

78,314

78,873

81,609

84,044

102,367

95,971

89,008

97,849

99,302

92,817

93,420

94,171

96,857

94,045

98,361

113,775

80,877

70,746

59,274

6,810

6,954

7,547

8,634

11,070

14,857

14,316

15,494

15,366

13,735

16,183

19,166

0

0

0

Cash paid for income tax, net of refunds

694

597

473

428

402

-230

-267

-329

180

1,339

1,750

2,005

1,703

1,573

1,440

1,659

2,098

1,737

1,734

1,371

962

1,047

1,038

929

711

936

645

559

665

297

287

387

366

0

0

0

Cash refunded for income tax

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental non-cash disclosures
Accrued and unpaid capital expenditures

4,500

5,055

4,328

2,721

3,657

-759

214

2,742

1,386

5,413

3,469

-7,531

2,104

5,093

2,944

16,829

5,578

383

4,569

-329

731

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and unpaid placement fees added during the year

585

585

585

-363

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash activities
Transfer of leased gaming equipment to inventory

10,980

11,862

13,146

12,804

10,028

9,011

8,102

7,416

7,820

8,913

9,400

10,304

9,042

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets obtained in exchange for lease obligations

2,500

14,595

15,132

15,132

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of assets acquired

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and unpaid liability for loyalty acquisition

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities assumed

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of warrant

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,246

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-