Fluent, inc. (FLNT)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

-1,747

-17,932

-53,206

-29,086

-84,535

-3,533

-3,935

8,752

-13,459

-46,639

-22,649

Net loss from discontinued operations

-

-21,124

-21,500

0

-41,950

-

-

-

-

-

-

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

13,940

13,174

13,055

12,631

841

366

182

133

385

404

399

Non-cash interest expense

1,387

1,830

-

-

-

-

-

-

-

-

-

Non-cash interest expense and related amortization

-

-

3,027

2,519

151

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

367

199

-

1,329

1,737

2,015

Amortization of long-term deferred expenses

-

-

-

-

-

267

66

-

-

-

-

Finance cost

-

-

-

-

-

-

-

149

-

-

-

Share-based compensation expense

-

-

31,125

29,249

34,160

436

1,648

660

894

2,398

411

Share-based compensation

10,341

14,681

-

-

-

-

-

-

-

-

-

Bad debt provision on prepaid expenses and other current assets

-

-

-

-

-

-

-

-6

832

1,006

-

Provision for bad debt

2,550

462

1,733

772

213

-

-

-130

2,073

780

1,611

Non-cash contingent earn-out costs

-

-

-

-

14,300

-

-

-

-

-

-

Non-cash loss on amendments of warrants

-

-

1,005

1,273

-

-

-

-

-

-

-

Write-off of intangible assets

425

1,517

3,626

4,055

-

-

-

-

-

-

-

Allocation of expenses to Red Violet

-

325

3,646

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

0

-14,129

-16,460

-

-

-

-

-

-

Increase in fair value of note warrant liability

-

-

-

-

-

-

-

-

-

-

824

Deferred income tax benefit

35

46

-

-

-

-37

-37

-

-1,087

-817

825

Allocation of expenses to Red Violet

-

325

-

-

-

-

-

-

-

-

-

Gain on disposal of subsidiaries

-

-

-

-

-

-

-

16,153

-

-

-

Change of fair value of acquisition consideration payable

-

-

-

-

-

-

-

-

10,681

-

-

Gain on extinguishment of acquisition consideration payable

-

-

-

-

-

-

99

3,026

4,340

-

-

Gain on termination of Variable Interest Entities ("VIEs")

-

-

-

-

-

-

-

-

9,551

-

-

Loss / (gain) on extinguishment of the notes

-

-

-

-

-

-

-

-

-

-

6,669

Loss on impairment of goodwill

-

-

-

-

-

-

-

-

27,927

39,411

15,749

Loss on impairment of intangible assets

-

-

-

-

-

-

-

-

2,723

-

-

Loss on disposals of fixed assets

-

-

-

-

-

-

-6

-373

-

-4

-15

Changes in assets and liabilities:
Accounts receivable

6,978

12,836

7,747

5,833

893

179

1,563

-3,538

1,379

5,645

4,434

Prepaid expenses and other current assets

-104

304

432

-2,095

1,574

-620

1,518

-1,804

3,941

4,331

-1,737

Other non-current assets

551

-683

-127

1,359

513

-

-

-

-

-

-

Operating lease assets and liabilities, net

-1,473

-

-

-

-

-

-

-

-

-

-

Operating lease assets and liabilities, net

-1,473

-

-

-

-

-

-

-

-

-

-

Amounts due from related parties

-

-

-

-

-

-40

40

-240

2,106

-1,882

-417

Accounts payable

6,028

249

-2,864

-

-

203

151

-661

5,114

4,882

1,603

Trade accounts payable

-

-

-

3,565

142

-

-

-

-

-

-

Accrued expenses and other current liabilities

-1,626

6,771

5,594

-3,136

1,642

-

-

-

-

-

-

Deferred revenue

663

179

27

-

-

-

-

-

-

-

-

Other

-26

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other payables

-

-

-

-

-

497

-123

-167

2,420

2,034

-1,462

Amounts due to related parties

-

-

-

-

-66

-8

-38

-23

-1,558

1,612

-252

Deferred revenue

-

-

-

-517

306

61

9

-1,165

224

579

-293

Income taxes payable

-

-

-

-

-

-

4

-306

1,329

2,373

3,026

Net cash provided by operating activities from continuing operations

26,018

29,319

12,924

2,099

-10,336

-900

-5,088

-

-

-

-

Net cash used in operating activities from discontinued operations

-

-5,835

-10,411

-

-337

-

-

-

-

-

-

Net cash (used in) provided by operating activities

26,018

23,484

2,513

2,099

-10,673

-

-

-5,988

-2,852

1,670

-8,775

CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment

2,088

238

732

762

662

548

706

47

47

140

150

Capital contributed to Red Violet

-

-

0

-

-

-

-

-

-

-

-

Proceeds from reverse acquisition

-

-

-

-

3,569

-

-

-

-

-

-

Proceeds from disposals of property and equipment

-

-

-

-

-

-

-

-

3

3

244

Cash disposed upon the termination of VIEs

-

-

-

-

-

-

-

-

120

-

-

Cash disposed upon disposal of subsidiaries

-

-

-

-

-

-

-

2,356

-

-

-

Business acquisition, net of cash acquired

7,246

-

-

50

93,276

-

-

549

738

20,015

40,687

Purchase of intangible assets

-

-

-

-

250

-

-

-

-

-

-

Capitalized costs included in intangible assets

2,624

1,236

927

10,164

3,065

-

-

-

-

-

-

Capital contributed to Red Violet

-

19,728

-

-

-

-

-

-

-

-

-

Deposits as collateral

-

-

-

1,050

-

-

-

-

-

-

-

Net cash used in investing activities from continuing operations

-11,958

-21,202

-1,659

-12,026

-93,684

-548

-706

-

-

-

-

Net cash used in investing activities from discontinued operations

-

-1,386

-6,468

-

-121

-

-

-

-

-

-

Net cash used in investing activities

-11,958

-22,588

-8,127

-12,026

-93,805

-

-

-2,952

-902

-20,152

-40,593

CASH FLOWS FROM FINANCING ACTIVITIES:
Payment for repurchase of ordinary shares

-

-

-

-

-

-

-

-621

-

-

-

Proceeds from issuance of shares, net of issuance costs

-

13,392

0

10,079

59,180

-

-

6,955

-

-

-

Proceeds from debt obligations, net of debt costs

-

67,182

-

-

-

-

-

-

-

-

-

Decrease in restricted bank deposit

-

-

-

-

-

-

-

-71

10

259

87

Proceeds from short-term borrowings

-

-

-

-

-

-

-

-

1,346

768

688

Repayment of short-term borrowings

-

-

-

-

-

-

-

-

747

693

1,855

Proceeds from issuance of convertible promissory notes and warrants

-

-

-

-

-

-

-

3,000

-

-

3,672

Proceeds from exercise of options

-

-

-

-

-

-

-

-

2

9

-

Proceeds from exercise of warrants by certain warrant holders

-

-

3,485

-

-

-

4,108

2,215

-

-

-

Proceeds from debt obligations, net of debt costs

-

-

13,883

-682

52,764

-

-

-

-

-

-

Repayments of long-term debt

8,034

76,787

4,310

2,250

-

-

-

-

-

-

-

Taxes paid related to net share settlement of vesting of restricted stock units

3,120

1,989

743

1,193

-

-

-

-

-

-

-

Repurchase of treasury stock

1,792

9

0

-

-

-

-

-

-

-

-

Debt financing costs

204

-

-

-

-

-

-

-

-

-

-

Sale of treasury stock

-

-

-

600

-

-

-

-

-

-

-

Issue of options

-

-

-

-

-

-

-

-

-

1

-

Repayment of promissory note

-

-

-

-

-

-

-

-

-

-

5,000

Repurchase of warrants

-

-

-

-

-

-

-

-

-

3,809

-

Cash from Ideation upon business combination

-

-

-

-

-

-

-

-

-

-

76,073

Net cash used in financing activities

-13,150

1,789

12,315

6,554

111,944

-

-

11,478

611

-3,465

73,665

Net cash (used in) provided by financing activities

-

-

-

-

-

-

4,108

-

-

-

-

Net decrease in cash, cash equivalents and restricted cash

910

2,685

-

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

-

-

6,701

-

-

-

-

-

-

-

-

Effect of foreign exchange rate changes on cash and cash equivalents

-

-

-

-

-

21

82

41

219

103

5

Net increase in cash and cash equivalents

-

-

-

-3,373

7,466

-1,427

-1,604

2,579

-2,924

-21,844

24,302

Cash and cash equivalents from continuing components

-

-

-

-

-

-

-

7,209

39

3,130

-

Cash and cash equivalents from discontinued components

-

-

-

-

-

-

-

-

4,591

4,424

-

SUPPLEMENTAL DISCLOSURE INFORMATION
Cash paid for interest

5,387

6,429

6,706

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

3,795

3

0

0

-

89

45

2,477

Cash paid for income taxes

135

-

0

87

-123

-

-

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

0

0

124

314

465

381

Share-based compensation capitalized in intangible assets

10,430

30,997

512

1,154

363

-

-

-

-

-

-

Non-cash additions to property and equipment

-

198

0

-

-

-

-

-

-

-

-

Furniture, fixtures and office equipment obtained under capital lease obligations

-

747

0

-

-

-

-

-

-

-

-

Change in value of puttable option classified as liability

-

-200

-

-

-

-

-

-

-

-

-

Change in value of puttable option classified as liability

-

-200

1,350

-

-

-

-

-

-

-

-

Issuance of common stock to a vendor for services rendered

-

-

-

146

-

-

-

-

-

-

-

Warrants issued in relation to the term loans

-

-

-

492

1,586

-

-

-

-

-

-

Series B Preferred issued in relation to the promissory notes

-

-

-

-

413

-

-

-

-

-

-

Acquisition consideration settled

-

-

-

-

-

-

99

4,930

15,891

39,195

-

Purchase of intangible assets with common shares

-

-

-

-

-

-

2,200

-

-

-

-

Acquisition consideration payable

-

-

-

-

-

-

-

-

-

-

16,381

Payable in connection with purchase of property and equipment

-

-

-

-

-

-

-

-

-

3

-

Conversion of promissory convertible notes

-

-

-

-

-

-

-

3,149

-

-

-

Continuing Operations [Member]
Share-based compensation capitalized in intangible assets

89

423

-

-

-

-

-

-

-

-

-