Franklin covey co (FC)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)

1,097

-544

5,875

-2,024

-3,517

-1,357

1,779

-2,534

-2,740

-2,392

4,659

-4,540

-3,333

-3,958

-3,958

7,726

-1,052

-448

790

7,669

1,192

427

1,828

12,455

1,922

1,971

1,719

7,720

2,110

1,592

2,897

3,400

1,617

1,162

1,662

2,984

722

307

794

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

2,824

2,789

2,740

2,830

2,997

2,792

2,800

2,654

2,776

2,295

2,397

1,809

1,649

1,588

1,588

1,593

1,741

1,787

1,822

2,067

1,898

1,993

1,917

1,909

1,838

1,806

1,773

1,750

1,713

1,344

1,324

1,395

1,321

1,493

1,489

1,701

1,812

1,755

1,839

Amortization of capitalized curriculum costs

1,000

1,029

1,003

1,095

1,425

1,431

1,357

1,363

1,283

1,277

1,062

872

834

977

977

1,085

965

920

895

1,046

1,102

1,013

932

894

879

567

484

444

489

487

471

463

451

424

478

425

371

420

423

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,062

406

1,263

Stock-based compensation expense

1,793

1,851

1,749

1,051

1,043

946

664

446

780

956

-329

1,210

1,563

1,214

1,214

199

1,048

1,111

763

934

592

608

402

674

616

982

1,262

1,656

488

972

473

534

1,056

1,054

1,191

1,524

456

427

381

Deferred income taxes

1,897

115

-1,156

805

757

645

-4,070

1,247

3,559

1,799

-

-

-

-

-

-2,110

316

75

-135

-3,410

554

-79

-730

2,944

-1,302

-504

-459

1,938

-337

82

56

-1,006

-646

-662

-394

-

-

-

-

Change in fair value of contingent consideration liabilities

-182

91

189

1,069

52

24

225

137

476

176

0

0

-923

-1,013

-1,013

82

88

1,238

130

114

-51

0

-28

-643

-349

-67

-520

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of assets

-3

-35

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities, net of effect of acquired business:
Decrease in accounts receivable, net

-4,466

-20,090

21,231

1,736

-5,101

-16,096

21,168

2,422

-1,763

-16,148

17,441

1,455

-8,210

-10,850

-10,850

19,477

-2,303

-1,188

-15,410

15,113

2,156

-5,541

-7,373

16,636

25

-1,174

-5,939

15,618

5,529

-3,466

-2,510

6,408

4,249

-2,317

-2,530

-2,424

6,877

-8,360

5,195

Decrease in inventories

-353

-328

418

244

-169

-233

-558

244

183

-26

-92

-1,364

-318

191

191

323

556

-231

260

-989

-640

-738

128

1,113

5

233

785

228

334

227

-431

362

-68

-658

268

-472

325

272

-507

Decrease in receivable from related party

-

-

-

-

-

-

-

-

-

-

-1

-1,264

-387

231

231

-67

555

-2,111

803

594

35

-1,771

522

-126

621

-1,469

-1,274

690

2,491

-2,999

510

807

857

-979

664

-

-

-

-

Decrease (increase) in prepaid expenses and other assets

836

-656

2,553

-160

-1,578

-847

2,880

-401

-1,750

606

3,141

269

-7

1,458

1,458

928

-813

419

585

2,347

-158

-388

209

762

306

128

347

-805

-59

416

570

-170

-472

583

98

-

-

-

-

Decrease (increase) in receivable from related party, prepaid expenses, and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

161

-1,806

-102

Decrease in accounts payable and accrued liabilities

2,374

-9,333

5,724

3,506

-1,200

-5,098

6,287

-2,231

5,815

-8,125

5,031

1,082

1,125

-6,562

-6,562

8,419

-611

2,388

-7,932

8,511

-20

10

-14,155

10,603

-406

2,071

-11,909

11,560

1,936

201

-7,524

6,526

-892

671

-6,502

1,001

749

-2,583

-2,701

Decrease in deferred revenue

118

-9,006

-

458

-1,256

-7,586

-

3,169

182

-5,570

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in deferred revenue

-

-

-

-

-

-

-

-

-

-

11,945

6,920

830

-553

-553

7,744

2,550

417

-2,599

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in income taxes payable/receivable

-576

-1,029

531

144

-289

503

673

-276

-235

-53

1,072

-1,016

2,325

-2,630

-2,630

2,499

-1,384

-774

-657

1,644

-508

1,475

-63

3,204

-3,284

138

-1,405

1,612

-11

151

-248

607

-139

-291

410

-128

-67

-178

438

Decrease in other long-term liabilities

0

-6

-684

-230

-130

-52

-141

9

-1,079

5

-216

-290

922

-911

-911

-

-

-

-

-120

-140

29

67

-112

-571

26

82

443

-14

-12

506

345

3

-6

-2

-

-

-

-

Net cash provided by (used for) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,878

-2,878

-

5,032

9,726

7,109

10,774

3,200

14,072

-1,856

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

10,537

6,836

11,828

5,274

5,216

8,134

8,269

-775

7,029

2,338

-

-

-

-

-

-

-

-

-

-

-

-

-

-

990

10,280

-1,974

-

-1,267

10,475

-296

6,884

-500

8,558

620

9,430

-2,095

10,457

-2,149

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment

1,108

1,408

1,157

801

764

1,431

1,547

693

1,874

2,414

2,061

1,182

1,904

2,040

2,040

1,387

870

1,106

630

827

626

476

517

1,137

613

608

1,112

344

398

462

970

851

415

459

554

386

1,138

499

303

Curriculum development costs

1,774

458

867

565

567

689

553

260

1,482

703

2,316

1,805

1,679

666

666

566

1,243

321

106

543

1,082

292

249

1,384

689

2,975

2,739

1,604

559

568

493

355

91

570

1,097

1,053

711

332

1,001

Purchase of note receivable from bank (Note 12)

0

2,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of business, net of cash acquired

-

-

-

-

-

-

0

0

-1

1,109

-

-

-

-

-

-

-

-

-

-

-

-

-

3,456

461

1,125

1,125

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used for investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,706

-2,706

-

-2,113

-1,427

-736

-1,370

-1,708

-1,030

-766

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used for investing activities

-2,882

-4,466

-2,024

-1,366

-1,363

-2,120

-2,100

-953

-3,355

-4,226

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,219

-4,708

-4,976

-

-4,317

-1,030

-1,463

-1,206

-506

-1,029

-1,651

-1,439

-7,260

-831

-1,304

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from line of credit borrowings

-

-

15,831

20,419

23,348

22,684

22,284

24,060

22,414

24,633

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,581

5,942

16,831

20,955

13,411

16,265

Payments on line of credit borrowings

-

-

19,954

24,672

23,480

25,513

26,812

18,114

21,545

19,960

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,712

4,811

23,924

15,354

23,267

14,449

Proceeds from term notes payable financing

0

5,000

-

-

-

-

-

-

-

-

5,000

0

0

5,000

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on term notes payable

1,250

1,250

8,125

1,563

1,562

1,563

1,563

1,562

1,875

1,250

1,250

1,250

1,250

1,250

1,250

-

-

-

-

-

-

-

-

-

-

-

-

833

417

833

625

625

625

625

417

-

-

-

-

Principal payments on financing obligation

575

564

548

524

515

505

490

468

459

451

436

417

408

401

401

387

369

361

355

342

325

318

317

307

296

275

277

236

280

264

242

234

218

230

213

198

114

183

178

Purchases of common stock for treasury

13,830

3

0

0

5

7

1

0

37

1,968

3,347

316

1,751

17

17

6,145

2,119

35,288

34

6,538

5,988

1,845

56

1,018

0

149

3,214

-136

228

41

1,176

-

-

-

-

171

-1

44

4

Payment of contingent consideration liabilities

129

782

-

182

84

217

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of common stock held in treasury

230

254

281

250

214

230

249

211

190

158

213

188

128

153

153

190

184

147

158

185

180

162

162

181

155

145

133

160

134

97

104

115

115

106

99

84

94

73

77

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

3,485

3,485

-

458

-25,431

-231

-6,558

-6,133

-2,001

-211

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of common stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

-

-

-

-

-

-

-

-

Net cash used for financing activities

-15,554

2,655

7,315

-6,272

-2,084

-4,891

-7,468

2,983

-1,356

1,162

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,386

-279

-3,358

-

-932

-986

-1,908

-1,163

-728

-1,901

600

-6,028

9,232

-10,010

1,711

Effect of foreign currency exchange rates on cash and cash equivalents

-52

37

-278

114

254

-191

-322

-241

355

-111

17

100

16

-481

-481

79

224

70

-52

-407

-163

-13

-79

33

-8

-107

19

-447

-122

-196

-66

31

-15

-5

6

-76

-14

-54

-38

Net increase (decrease) in cash and cash equivalents

-7,951

5,062

16,841

-2,250

2,023

932

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

2,673

-837

-

-2,730

2,810

-2,580

-2,580

1,593

3,601

-17,062

6,090

2,439

-4,804

11,028

-2,912

5,146

-1,851

5,186

-10,289

3,388

-6,638

8,263

-3,733

4,546

-1,749

5,623

-425

1,887

-137

-438

-1,780

Supplemental disclosure of cash flow information:
Cash paid for income taxes

449

932

531

416

589

242

394

962

516

640

728

892

254

688

688

710

1,055

620

1,025

600

841

458

484

554

3,040

675

2,054

1,277

887

503

1,329

615

634

570

511

565

563

409

288

Cash paid for interest

564

580

531

579

625

651

708

673

660

614

467

611

621

615

615

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

564

520

541

-

537

530

539

560

558

559

560

569

570

586

597

604

614

625

630

677

647

675

703

Non-cash investing and financing activities:
Purchases of property and equipment financed by accounts payable

736

249

-187

228

-78

447

-326

1,111

-668

901

280

220

-103

300

300

148

17

-186

355

93

-86

73

54

28

23

28

25

-82

137

22

24

299

-125

-121

428

-

-

-

-

Use of notes receivable to modify revenue contract (Note 12)

0

3,246

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of property and equipment through accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-59

-83

177