Fluent, inc. (FLNT)
CashFlow / TTM
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

-2,384

-1,747

-1,060

7,865

9,795

-17,932

-25,552

-44,109

-67,163

-53,206

-52,615

-48,264

-35,039

-29,086

-56,339

-51,384

-89,670

-84,535

0

0

0

Net loss from discontinued operations

-

-

-

-

-

-21,124

-24,264

-27,598

-39,731

-21,500

0

0

0

-

-

-

-

-41,950

0

0

0

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

14,356

13,940

13,418

13,128

13,160

13,174

13,340

13,285

13,181

13,055

13,255

13,465

13,227

12,631

9,820

6,370

3,415

841

0

0

0

Non-cash interest expense

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense and related amortization

-

-

-

-

-

-

-

2,609

3,018

3,027

2,948

2,814

2,668

2,519

0

0

0

-

-

-

-

Share-based compensation expense

0

-

-

0

0

-

-

25,439

30,919

31,125

32,764

29,574

28,725

29,249

52,449

46,812

41,436

34,160

0

0

0

Provision for bad debt

0

-

-

-

-

462

0

0

0

-

-

-

-

772

0

0

0

-

-

-

-

Non-cash loss on exchange of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Write-off of intangible assets

-

-

-

-

-

-

-

-

-

3,626

0

0

0

-

-

-

-

-

-

-

-

Allocation of expenses to Red Violet

-

-

-

-

-

325

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Recoveries of bad debts

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Allocation of expenses to red violet

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Provision (recovery) for bad debts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

-

0

-

-

-

-

-14,129

0

0

0

-

-

-

-

Deferred income tax benefit

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

11,887

6,978

266

8,285

10,334

12,836

3,949

7,353

8,868

7,747

10,240

8,889

3,251

5,833

3,916

-148

-205

893

0

0

0

Prepaid expenses and other current assets

-682

-104

182

653

-704

304

16

-255

1,717

432

-1,022

-267

-1,240

-2,095

428

52

665

1,574

0

0

0

Other non-current assets

643

551

-13

-121

-125

-683

0

0

0

-

-

-

480

1,359

0

0

0

-

-

-

-

Operating lease assets and liabilities, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease assets and liabilities, net

-843

-1,473

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

1,937

6,028

2,258

-1,094

1,911

249

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Trade accounts payable

-

-

-

-

-

-

-

-

-

-

-

4,137

-68

3,565

0

0

0

-

-

-

0

Accrued expenses and other current liabilities

1,802

-1,626

1,228

5,375

1,483

6,771

-2,678

2,275

6,453

5,594

6,297

-956

-3,271

-3,136

0

0

0

-

-

-

-

Deferred revenue

819

663

431

-197

455

179

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amounts due to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-66

0

0

0

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

794

715

-517

-108

-168

-166

306

0

0

0

Other liabilities

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities from continuing operations

-

-

-

-

-

29,319

30,438

16,785

12,053

12,924

0

0

0

-

-

-

-

-10,336

0

0

0

Net cash used in operating activities from discontinued operations

-

-

-

-

-

-5,835

-8,344

-12,410

-14,684

-10,411

0

0

0

-

-

-

-

-337

0

0

0

Net cash (used in) provided by operating activities

20,606

26,018

33,452

31,988

31,601

23,484

22,094

4,375

-2,631

2,513

-5,221

3,704

3,838

2,099

521

-5,022

-8,341

-10,673

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment

710

2,088

2,207

2,040

1,601

238

171

676

717

732

708

333

622

762

758

703

459

662

0

0

0

Proceeds from reverse acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,569

0

0

0

Capitalized costs included in intangible assets

2,892

2,624

2,128

1,702

1,416

1,236

1,228

889

728

927

2,878

4,812

7,503

10,164

8,963

7,648

6,089

3,065

0

0

0

Capital contributed to Red Violet

-

-

-

-

-

19,728

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities from continuing operations

-

-

-

-

-

-21,202

-21,127

-21,293

-21,173

-1,659

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities from discontinued operations

-

-

-

-

-

-1,386

-2,560

-4,284

-5,927

-6,468

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-10,848

-11,958

-11,581

-3,742

-3,017

-22,588

-23,687

-25,577

-27,100

-8,127

-9,180

-9,765

-11,152

-12,026

-103,797

-101,927

-100,195

-93,805

0

0

0

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

-

-

-

-

-

13,392

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from debt obligations, net of debt costs

-

-

-

-

-

-

-

67,026

67,026

13,883

0

0

0

-

-

-

-

-

-

-

-

Repayments of long-term debt

10,157

8,034

10,409

11,900

10,555

76,787

73,067

69,656

69,619

4,310

4,034

3,761

3,485

2,250

0

0

0

-

-

-

-

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

1,926

3,120

3,106

3,089

3,201

1,989

1,979

1,999

973

743

0

0

0

-

-

-

-

-

-

-

-

Repurchase of treasury stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-15,379

-13,150

0

0

0

-

-

-

-

-

-

-

-

6,554

0

0

0

-

-

-

-

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

Net decrease in cash, cash equivalents and restricted cash

-5,621

910

8,347

13,248

14,819

2,685

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Effect of foreign exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-72

8,015

11,876

-3,373

1,317

8,153

2,842

7,466

0

0

0

SUPPLEMENTAL DISCLOSURE INFORMATION
Cash paid for interest

5,133

5,387

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

0

-

4,940

4,480

3,795

3,795

0

0

0

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation capitalized in intangible assets

10,454

10,430

30,700

30,759

30,957

30,997

503

607

512

512

659

843

931

1,154

0

0

0

-

-

-

-

Non-cash additions to property and equipment

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Reclassification of puttable option from liability to equity

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock to a vendor for services rendered

-

-

-

-

-

-

-

-

-

-

-

-

-

146

0

0

0

-

-

-

-

Fair value of acquisition consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0