Fluent, inc. (FLNT)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

408

956

-4,463

715

1,045

1,643

4,462

2,645

-26,682

-5,977

-14,095

-20,409

-12,725

-5,386

-9,744

-7,184

-6,772

-32,639

-4,789

-45,470

-1,637

Net loss from discontinued operations

-

-

-

-

-

0

0

0

-21,124

-3,140

-3,334

-12,133

-2,893

-

-

-

-

0

-387

-41,489

-74

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

3,733

3,675

3,642

3,306

3,317

3,153

3,352

3,338

3,331

3,319

3,297

3,234

3,205

3,519

3,507

2,996

2,609

708

57

41

35

Non-cash interest expense

356

-

-

-

319

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense and related amortization

-

-

-

-

-

-

-

355

724

759

771

764

733

680

637

618

584

-

-

-

-

Share-based compensation expense

2,397

-

-

2,954

2,275

-

-

2,614

6,648

5,669

10,508

8,094

6,854

7,308

7,318

7,245

7,378

30,508

1,681

1,869

102

Provision for bad debt

183

-

-

-

-

0

369

107

-14

-

-

-

-

106

471

285

-90

-

-

-

-

Non-cash loss on exchange of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

976

297

-

-

-

-

Write-off of intangible assets

-

-

-

-

-

-

-

-

-

0

0

0

3,626

-

-

-

-

-

-

-

-

Allocation of expenses to Red Violet

-

-

-

-

-

0

0

0

325

-

-

-

-

-

-

-

-

-

-

-

-

Recoveries of bad debts

-

-

-

-

-

-

-

-

-

-

-

-

45

-

-

-

-

-

-

-

-

Allocation of expenses to red violet

-

-

-

-

-

-

-

-

-

-

961

1,048

840

-

-

-

-

-

-

-

-

Provision (recovery) for bad debts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

-105

21

Deferred income taxes

-

-

-

-

-

-

-

-

0

-

-

-

-

-2,568

-4,522

-3,503

-3,536

-

-

-

-

Deferred income tax benefit

-

-

-

-

-35

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

280

15,638

-5,902

1,871

-4,629

8,926

2,117

3,920

-2,127

39

5,521

5,435

-3,248

2,532

4,170

-203

-666

615

106

-260

432

Prepaid expenses and other current assets

23

-94

-532

-79

601

192

-61

-1,436

1,609

-96

-332

536

324

-1,550

423

-437

-531

973

47

176

378

Other non-current assets

113

414

116

0

21

-150

8

-4

-537

-

-

-

-46

810

-157

-127

833

-

-

-

-

Operating lease assets and liabilities, net

43

-

-

-

-587

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease assets and liabilities, net

43

44

43

-973

-587

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-5,720

4,178

3,401

78

-1,629

408

49

3,083

-3,291

-

-

-

-

-

-

-

-

-

-

-

-

Trade accounts payable

-

-

-

-

-

-

-

-

-

-

-

3,595

-3,197

-1,462

5,201

-610

436

-

-

-

216

Accrued expenses and other current liabilities

-1,501

3,289

-1,153

1,167

-4,929

6,143

2,994

-2,725

359

-3,306

7,947

1,453

-500

-2,603

694

-862

-365

-

-

-

-

Deferred revenue

386

-38

499

-28

230

-270

-129

624

-46

-

-

-

-

-

-

-

-

-

-

-

-

Other

-30

-

-

-

-22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amounts due to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20

-28

-20

2

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

40

780

-89

63

-39

-452

320

3

-37

20

Other liabilities

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities from continuing operations

-

-

-

-

-

6,837

12,038

7,561

2,883

7,956

-1,615

2,829

3,754

-

-

-

-

-3,865

-2,299

-2,195

-1,977

Net cash used in operating activities from discontinued operations

-

-

-

-

-

0

0

0

-5,835

-2,509

-4,066

-2,274

-1,562

-

-

-

-

0

0

-435

98

Net cash (used in) provided by operating activities

-247

-597

13,502

7,948

5,165

6,837

12,038

7,561

-2,952

5,447

-5,681

555

2,192

-2,287

3,244

689

453

-3,865

-2,299

-2,630

-1,879

CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment

7

12

182

509

1,385

131

15

70

22

64

520

111

37

40

145

400

177

36

90

156

380

Proceeds from reverse acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,569

Capitalized costs included in intangible assets

625

737

909

621

357

241

483

335

177

233

144

174

376

2,184

2,078

2,865

3,037

983

763

1,306

13

Capital contributed to Red Violet

-

-

-

-

-

0

0

0

19,728

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities from continuing operations

-

-

-

-

-

-372

-498

-405

-19,927

-297

-664

-285

-413

-

-

-

-

-

-

-

-

Net cash used in investing activities from discontinued operations

-

-

-

-

-

0

0

0

-1,386

-1,174

-1,724

-1,643

-1,927

-

-

-

-

-

-

-

-

Net cash used in investing activities

-632

-749

-8,337

-1,130

-1,742

-372

-498

-405

-21,313

-1,471

-2,388

-1,928

-2,340

-2,524

-2,973

-3,315

-3,214

-94,295

-1,103

-1,583

3,176

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of shares, net of issuance costs

-

-

-

-

-

0

0

0

13,392

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from debt obligations, net of debt costs

-

-

-

-

-

-

-

0

67,182

-156

0

0

14,039

-

-

-

-

-

-

-

-

Repayments of long-term debt

2,998

2,183

2,756

2,220

875

4,558

4,247

875

67,107

838

836

838

1,798

562

563

562

563

-

-

-

-

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

416

24

17

1,469

1,610

10

0

1,581

398

0

20

555

168

-

-

-

-

-

-

-

-

Repurchase of treasury stock

1,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-4,714

-4,203

-2,773

-3,689

-2,485

-

-

-

-

-

-

-

-

4,505

-1,109

3,721

-563

-

-

-

-

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

13,069

-

-856

-1,393

12,073

-

-

-

-

-

-

-

-

Net decrease in cash, cash equivalents and restricted cash

-5,593

-5,549

2,392

3,129

938

1,888

7,293

4,700

-11,196

-

-

-

-

-

-

-

-

-

-

-

-

Effect of foreign exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-8,925

-2,766

11,925

-306

-838

1,095

-3,324

4,384

5,998

-4,216

1,300

SUPPLEMENTAL DISCLOSURE INFORMATION
Cash paid for interest

1,148

1,217

1,360

1,408

1,402

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

1,678

-

1,745

1,919

1,276

0

1,285

1,234

1,276

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation capitalized in intangible assets

39

10,363

22

30

15

30,633

81

228

55

139

185

133

55

286

369

221

278

-

-

-

-

Non-cash additions to property and equipment

-

-

-

-16

138

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Reclassification of puttable option from liability to equity

-

-

-

2,300

-1,150

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock to a vendor for services rendered

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15

0

131

-

-

-

-

Fair value of acquisition consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

44,112