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

-60,761

93,626

-10,575

37,412

11,939

26,310

28,107

2,621

-

37,443

27,673

Net income

-

-

-

-

-

-

-

-

15,698

-

-

Adjustments to reconcile net income/(loss) to cash provided by/(used in) operating activities
Loss/(gain) on foreign currency exchange rates

-272

-2,362

719

-1,692

-2,432

1,618

-3,641

-1,315

145

-239

-28

Depreciation and amortization

25,897

35,107

34,017

28,921

27,661

14,690

11,189

9,055

12,791

4,647

2,689

Non-cash integration costs

-

-

0

366

26,827

1,162

1,163

-

-

-

-

Deferred tax expense/(benefit)

-12,060

-2,815

-2,630

-3,481

-12,355

5,108

-5,431

-1,013

-2,107

-1,227

-1,787

Interest income

-

-

-

-

-

-

-

-

-60

46

77

Amortization of Debt Issuance Costs

597

648

495

442

354

354

0

51

87

87

87

Bad debt provision

2,024

2,508

-247

4,154

7,462

3,699

1,501

358

852

-

-

Impairment of cost method investment

-

-

-

-

0

50

450

0

0

-

-

Convertible senior notes discount amortization

5,902

5,590

4,917

4,311

3,624

2,150

175

0

0

-

-

Allocated Share-based Compensation Expense

5,052

6,038

5,093

4,151

3,680

3,452

2,975

-

-

-

-

Goodwill impairment

28,098

0

-

-

-

-

-

-

-

-

-

Share-based compensation

-

-

-

-

-

-

-

3,325

4,018

5,457

5,609

Loss/(gain) on extinguishment of debt

-

-

-4,944

89

0

-

-

-

-

-

-

Gain on extinguishment of debt

-

-

-

-

-

0

2,000

0

0

-

-

Income (Loss) from Equity Method Investments

-

-

-343

-62

0

0

-

-

-

-

-

Bad debt provision

-

-

-

-

-

-

-

-

-

597

1,101

Loss on disposal of fixed assets

0

-1,332

0

0

-

-

-

-33

-3

-37

-353

Gain on sale of GTX

0

69,292

0

0

-

-

-

-

-

-

-

Interest earned on investments

-

-

0

0

-

-

-

-

-

-

-

Amortization of right of use asset

2,914

0

-

-

-

-

-

-

-

-

-

Adjustment to fair value of contingent consideration

-

-

-

-

-6,722

0

0

-

-

-

-

Impairment of cost basis investment

-

-

-620

0

0

-

-

-

-

-

-

Changes in operating assets and liabilities:
Securities held for customers

-98,170

103,781

0

0

-101,325

9,260

74,769

31,285

53,617

-

-

Change in fair value of preferred stock embedded derivative

-

-

-

-

-

-

-

-

-

4,691

1,687

Cash and securities held for customers

-

-

-

-

-

-

-

-

-

62,156

-

Short term investments

-

-

-

-

-

-

-

-

-

-

4,276

Trading Securities

-

-

-

-

-

-

-

-

-19,993

-9,226

-37

Receivables from brokers

23,024

8,411

17,549

-58,360

-45,576

-94,933

78,556

5,333

-12,734

21,826

26,123

Payables to brokers

-1,635

-972

2,789

0

0

-

-

-

-

-

-

Prepaid assets

-

-

-

-

-

-2,730

-318

-2,372

-39

7,894

412

Other assets

497

-6,267

-5,872

13,079

7,674

8,495

1,075

-1,065

5,428

-831

6,072

Payables to customers

-

-

-

-

-

-

-

-

-

-

73,661

Payables to brokers

-1,635

-972

-

-

-

-

-

-

-

-

-

Payables to customers

77,879

-109,957

-5,352

77,216

-101,325

9,260

74,769

31,285

52,765

61,599

1,090

Accrued compensation and benefits

-5,849

-1,117

-3,942

2,045

-7,454

4,497

6,375

1,047

-151

1,077

-1,242

Accrued expenses and other liabilities

-11,580

7,548

-10,059

-6,703

-18,748

-2,422

7,867

-1,444

1,976

1,198

2,013

Income tax payable

-3,886

6,975

-2,238

6,275

611

-9,812

4,414

-1,303

28

2,550

-10,538

Lease liabilities

-2,747

0

-

-

-

-

-

-

-

-

-

Net cash provided by/(used in) operating activities

124,766

-129,274

5,779

202,055

77,213

136,788

-18,887

12,149

59,596

27,148

62,127

Cash provided by/(used) in operating activities - continuing operations

124,766

-147,884

18,595

192,411

-

-

-

-

-

-

-

Cash provided by operating activities - discontinued operations

0

18,610

-12,816

9,644

-

-

-

-

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES:
Contractual payments for acquisitions

-

-

-

-

13,893

0

2,419

2,030

3,050

-

-

Proceeds from initial public offering of common stock, net of underwriting discounts and other direct costs of $3.8 million

-

-

-

-

-

-

-

-

-

208

-

Deferred initial public offering costs

-

-

-

-

-

-

-

-

-

1,732

1,296

Principal payment on notes payable

-

-

-

-

-

-

31,200

7,875

10,500

10,500

10,500

Proceeds from exercise of stock options

281

1,004

356

706

2,386

2,087

2,539

1,969

853

107

8

Proceeds from exercise of warrants

-

-

-

-

-

-

-

-

1,270

-

-

Maturity and repurchase of convertible notes

414

515

642

611

789

740

302

216

165

-

-

Purchases of property and equipment

16,235

14,745

20,930

23,883

19,676

8,759

6,187

8,358

4,018

3,873

4,059

Payments to Acquire Additional Interest in Subsidiaries

2,422

2,906

0

7,444

0

0

-

-

-

-

944

Proceeds from sale of GTX

0

96,519

0

0

-

-

-

-

-

-

-

Purchases of treasury bills

-

-

-

-

-

-

-

1,355

0

-

-

Sale of treasury bills

-

-

-

-

-

614

599

0

0

-

-

Payments to Acquire Intangible Assets

-

-

-

-

0

12,400

0

0

2,547

8,548

-

Purchase of cost method investment

-

-

-

-

-

-

-

-

500

-

-

Funding of acquisitions, net of cash acquired

-

-

-

-

3,258

14,918

4,219

9,504

-

-

-

Cash received relating to acquisitions

-

-

-

-

7,612

0

0

-

-

-

-

Purchase of investment

-

-

-

-

759

0

0

-

-

-

-

Net cash used in investing activities

-18,657

78,868

-28,114

-31,327

-16,081

-35,463

-9,807

-19,217

-7,065

-12,421

-5,003

Cash used in investing activities - continuing operations

-18,657

-16,806

-27,187

-30,069

-

-

-

-

-

-

-

Cash provided by investing activities - discontinued operations

0

95,674

-927

-1,258

-

-

-

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of treasury stock

7,001

63,589

26,160

8,959

5,088

1,251

7,189

3,263

5,017

-

-

Dividend payments

-

-

-

-

-

-

-

-

1,758

-

-

Excess tax benefit from employee stock option exercises

-

-

-

-

1,140

1,221

1,026

-28

421

-

-

Payments of Ordinary Dividends, Common Stock

8,970

10,276

11,174

10,192

9,530

8,139

7,300

6,972

-

-

-

Distributions to non-controlling interest holders

0

634

1,147

1,605

1,644

596

0

0

-

-

-

Convertible note issuance, net of commissions

-

-

89,010

0

0

-

77,900

0

0

-

-

Repayments of Convertible Debt

1,299

6,350

73,057

1,736

0

0

-

-

-

-

-

Purchase of subsidiary shares from noncontrolling interest

-

-

-

-

-

-

-

-

-

427

-

Net cash used in financing activities

-16,575

-79,330

-21,530

-21,175

-25,840

-5,938

33,633

-17,983

-17,616

-8,880

-11,788

Effect of exchange rate changes on cash and cash equivalents

6,643

-42,164

52,153

-61,834

-2,755

4,093

-1,888

1,650

-2,229

-1,081

757

NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

96,177

-171,900

8,288

87,719

-

-

-

-

-

-

-

NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS AND CASH AND SECURITIES HELD FOR CUSTOMERS

-

-

-

-

32,537

99,480

3,051

-23,401

32,686

4,766

46,093

SUPPLEMENTARY DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for:
Interest

9,182

9,111

5,660

6,251

-

-

-

-

-

-

-

Interest

-

-

-

-

5,065

3,373

655

230

1,037

1,799

2,377

Income taxes

9,384

8,648

4,512

8,438

9,861

13,151

8,376

-260

14,090

15,674

-

Taxes

-

-

-

-

-

-

-

-

-

-

28,200

Purchase of fixed assets included in accrued expense and other liabilities

-

-

-

-

-

701

0

95

121

54

1,233

Senior loan issued by seller

-

-

-

-

-

-

33,200

0

0

-

-

Common stock issued issued as consideration for business acquisition

-

-

-

-

45,100

6,493

34,771

0

-

-

-

Convertible senior notes issued as consideration for business acquisition

-

-

-

-

65,000

0

0

-

-

-

-

Deferred taxes related to convertible senior notes issued

-

-

7,037

0

-3,840

0

4,308

-

-

-

-

Noncontrolling Interest, Change in Redemption Value

0

-816

1,656

-2,715

308

2,107

0

0

-

-

-

Capital lease of property and equipment

-

-

-

-

-

-

-

-

-

-

650

Accrual to acquire additional shares of Forex.com Japan Co., Ltd.

-

-

-

-

-

-

-

-

-

-

350

Accrued initial public offering costs

-

-

-

-

-

-

-

-

-

1,305

436

Series E indemnification

-

-

-

-

-

-

-

-

-

835

-

Settlement of Preferred Stock embedded derivative

-

-

-

-

-

-

-

-

-

76,407

-

Settlement of Convertible, Redeemable preferred stock

-

-

-

-

-

-

-

-

-

169,390

-