Gain capital holdings, inc. (GCAP)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income/(loss)

77,344

-31,238

-2,095

926

-28,354

-2,419

12,310

67,474

16,261

-3,526

-2,355

14,092

-18,786

21,091

-3,966

11,586

8,701

11,277

1,556

-6,703

5,809

18,079

11,680

-4,495

1,046

1,063

5,602

17,163

4,279

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,222

4,434

-1,247

-3,336

7,618

10,013

1,403

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

-674

905

-1,331

-810

964

-1,270

-142

-2,275

1,325

485

138

-21

117

-676

341

-1,195

-162

-206

877

-1,075

-2,028

4,771

-3,594

1,075

-634

-1,398

-4,680

-119

2,556

593

-790

-398

-720

72

418

240

-585

Depreciation and amortization

6,112

6,125

5,876

6,317

7,579

7,647

8,189

9,399

9,872

9,043

8,659

8,694

7,621

7,308

7,136

7,402

7,075

9,335

7,205

6,995

4,126

4,639

3,945

2,046

4,060

4,268

2,304

2,368

2,249

2,371

1,692

1,817

3,175

4,044

3,191

2,927

2,629

Non-cash integration costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

193

173

8,210

8,368

10,249

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of contingent liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

190

-

-510

0

-6

Deferred tax expense/(benefit)

8,131

-5,286

-1,591

1,512

-6,695

-806

-782

380

-1,607

4,395

-7,647

622

0

-3,989

1,924

-1,247

-169

-7,027

-2,868

-2,661

201

7,596

891

-2,365

-1,014

-7,507

2,360

809

-1,093

67

-286

1,372

-2,166

814

-2,066

21

-876

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-28

-

-

-

-

-

-

-

-

Amortization of Debt Issuance Costs

149

149

149

150

149

159

165

161

163

163

111

111

110

111

110

111

110

88

89

88

89

-1,245

545

530

524

0

0

0

0

0

0

1

50

22

21

22

22

Accounts Receivable, Credit Loss Expense (Reversal)

4,213

-

500

481

427

-

334

282

1,118

-

143

-166

72

-

193

1,189

572

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,108

1,794

1,236

3,324

1,009

1,528

582

580

308

807

199

187

-

-

-

-

-

-

-

-

Convertible senior notes discount amortization

1,547

1,523

1,490

1,467

1,422

1,437

1,410

1,393

1,350

1,479

1,149

1,159

1,130

1,113

1,086

1,055

1,057

1,041

1,016

1,001

566

1,885

88

89

88

175

0

0

0

-

-

-

-

-

-

-

-

Share-based compensation

1,996

-

1,627

2,143

1,685

-

1,369

1,727

1,458

-

999

1,743

1,113

-

1,083

1,081

1,067

-

708

815

1,204

-

829

832

1,005

-

690

726

856

702

696

1,034

893

681

944

1,449

944

Gain on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

89

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-

-

-

-

-

-

-

-

-

-249

-40

-34

-20

-12

-16

-18

-16

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14

-175

-27

-

-

-

-

Bad debt provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

173

114

489

Loss on disposal of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

-1

-33

0

0

0

-3

Gain on sale of GTX

-

-

-

-

-

-147

-142

69,544

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest earned on investments

0

-

109

325

629

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of right of use asset

987

954

751

685

524

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Securities held for customers

-

-

-

-

-

-

-

-

-

-

-

-

-

-167,183

5,604

207,452

-45,873

-72,038

-132,770

25,417

78,066

-114,117

19,645

36,753

66,979

61,596

-11,181

19,439

4,915

20,525

-3,930

-1,788

16,478

-

-

-

-

Trading Securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

0

60

-20,060

Receivables from brokers

-57,655

-1,892

-1,611

14,595

11,932

29,244

4,854

-18,383

-7,304

20,037

-22,525

5,672

14,365

10,083

-166,431

102,147

-4,159

5,366

-38,560

-57,298

44,916

-33,562

-66,205

21,819

-16,985

40,604

32,080

-28,357

34,229

6,333

-35,831

19,380

15,451

6,847

-21,940

12,817

-10,458

Payables to brokers

6,243

-2,646

1,303

1,343

-1,635

-95

-1,069

2,981

-2,789

2,789

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,118

1,493

495

-2,365

-212

412

-565

-1,935

1,752

169

-304

-735

-1,360

-336

59

-490

-92

-106

649

Other assets

2,480

-2,293

5,261

2,205

-4,676

-1,330

-1,882

-1,614

-1,441

-4,382

-972

2,451

-2,969

7,380

196

727

4,776

3,952

6,537

-550

-2,265

572

2,757

-1,338

6,504

-4,419

2,794

1,064

1,636

-1,215

-466

-5

621

7,306

2,004

-1,704

-2,178

Payables to customers

-119,590

-

8,360

-5,164

17,826

-

-36,143

-30,196

-36,875

-

1,651

-106,620

86,437

-

398

212,657

-45,873

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,953

9,801

19,106

Payables to brokers

6,243

-2,646

1,303

1,343

-1,635

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payables to customers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-78,066

78,066

-

-

-

66,878

61,596

-11,181

19,439

4,915

20,773

-3,976

-1,964

16,452

43,305

4,881

-2,414

6,993

Accrued compensation and benefits

1,188

-176

519

1,798

-7,990

571

368

-518

-1,538

-599

1,548

3,829

-8,720

3,165

1,941

312

-3,373

3,399

359

-116

-11,096

6,399

3,068

944

-5,914

1,245

1,313

4,417

-600

1,144

475

3,317

-3,889

1,828

674

1,131

-3,784

Accrued expenses and other liabilities

3,965

-3,752

-3,854

667

-4,641

4,182

544

3,345

-523

-177

-3,706

-2,842

-3,334

-1,362

-6,644

-13,768

15,071

-19,334

13,049

-12,462

-1

-11,838

17,668

-9,241

989

2,503

8,530

-1,453

-1,713

-1,505

393

1,627

-1,959

-671

2,313

-564

898

Income tax payable

10,837

-328

1,488

-1,021

-4,025

-1,156

-1,214

6,220

3,125

-7,991

8,452

-323

-2,376

10,272

-9,537

1,187

4,353

1,011

-180

-1,034

814

-6,133

-6,421

1,233

1,509

1,224

1,219

279

1,692

-1,349

1,059

107

-1,120

-4,415

6,518

47

-2,122

Long term securities

-1,043

-

-30,599

1,022

-10,363

-

-10,931

78,801

24,751

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities

-605

-896

-637

-509

-705

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by/(used in) operating activities

59,409

112,170

42,057

-6,542

-22,919

-31,692

-6,464

-63,765

-27,353

4,427

37,347

-87,769

51,774

101,271

154,030

-87,355

34,109

1,799

60,701

50,795

-36,082

53,073

101,075

-31,812

14,452

-29,257

-9,121

51,723

-32,232

-6,945

45,666

-4,742

-21,830

-15,298

5,258

11,293

58,343

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

-

-

-

-

-

-31,608

-21,372

-65,910

-28,994

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by operating activities - discontinued operations

-

-

-

-

-

-84

14,908

2,145

1,641

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES:
Contractual payments for acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

1,941

271

208

212

406

386

1,026

-

-

-

399

Principal payment on notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,875

2,625

2,625

2,625

2,625

Drawdown on notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,000

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

407

10

144

443

21

0

335

0

95

34

0

577

290

109

403

1,584

883

91

902

211

1,015

741

196

587

96

443

600

830

317

158

288

90

Proceeds from exercise of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,270

Maturity and repurchase of convertible notes

-58,540

106

0

308

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

121

-1

124

58

0

119

0

97

-

-

-

-

Purchases of property and equipment

4,238

4,369

4,805

3,935

3,126

3,251

2,758

4,798

3,938

4,232

6,516

4,543

5,639

6,508

5,190

6,263

5,922

5,776

5,383

7,303

1,214

698

3,750

1,147

3,164

1,836

1,454

1,857

1,040

1,872

2,912

2,152

1,422

1,146

1,010

964

898

Payments to Acquire Additional Interest in Subsidiaries

0

0

0

0

2,422

52

2,854

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of treasury bills

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-65

63

-7

12

594

0

-

-

-

-

-

-

-

-

Payments to Acquire Intangible Assets

-

-

-

-

-

-

-

-

-

-

224

1,835

5,125

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Funding of acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,169

89

-12,095

20,512

165

6,336

0

4,219

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-4,238

-4,369

-4,805

-3,935

-5,548

-3,302

-5,858

91,966

-3,938

-4,232

-6,740

-6,378

-10,764

-13,952

-5,190

-6,263

-5,922

-6,534

2,232

-10,476

-1,303

-289

-24,360

-1,377

-9,437

-1,843

-5,661

-1,263

-1,040

39,036

-54,679

-2,152

-1,422

-1,646

-1,010

-3,511

-898

Cash used in investing activities - continuing operations

-

-

-

-

-

-3,302

-5,613

-4,214

-3,677

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by investing activities - discontinued operations

-

-

-

-

-

0

-245

96,180

-261

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of treasury stock

0

0

0

2,800

4,201

51,984

3,258

4,142

4,205

0

16,353

4,963

4,844

3,510

0

1,848

3,601

2,944

1,744

400

0

-

-

-

-

6,202

138

213

636

1,824

587

816

36

-

-

-

-

Dividend payments

2,271

-

2,245

2,225

2,254

-

2,688

2,704

2,643

-

2,694

2,900

2,874

-

2,433

2,429

2,408

-

2,457

2,457

2,170

-

2,061

2,013

1,980

-

1,793

1,779

1,776

-

1,720

1,750

1,742

-

-

-

-

Distributions to non-controlling interest holders

-

-

-

-

-

-

354

109

90

-

110

62

811

-

537

525

0

-

279

346

410

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from employee stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-60

64

238

202

73

161

704

-42

50

297

916

653

494

-132

11

-4

-230

104

102

-

-

-

-

Contractual payments for acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,429

42

9,800

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Convertible Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

0

1,735

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-78

-

-

-

-

-

-

-

-

Net cash used in financing activities

-60,811

-3,439

-2,245

-4,436

-6,455

-60,048

-6,290

-6,497

-6,495

-2,609

-3,204

-7,188

-8,529

-6,912

-2,996

-4,338

-6,929

-5,734

-7,727

-2,287

-10,092

-2,018

-1,921

-1,146

-853

40,310

-12,638

-1,997

7,958

-3,704

-2,381

-2,248

-9,650

-6,908

-6,981

-2,063

-1,664

Effect of exchange rate changes on cash and cash equivalents

-34,127

-

-18,172

-9,984

11,068

-

-1,697

-23,053

27,406

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

5,732

17,330

15,989

13,102

-56,539

448

-2,326

-3,417

-4,331

-3,540

6,931

-1,815

7,069

-6,157

2,879

302

2,338

-4,286

-496

556

782

-3,312

6,047

-1,867

-696

-1,904

2,968

-2,597

NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

-39,767

128,093

16,835

-24,897

-23,854

-139,862

-20,309

-1,349

-10,380

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

45,583

-

146,292

-100,282

17,841

-14,800

51,666

44,963

-49,292

57,835

68,637

-31,456

4,464

11,548

-31,706

47,967

-24,758

29,169

-14,706

-3,095

-34,769

-24,548

-4,637

8,687

53,184

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

3,913

463

4,064

1,799

2,856

710

4,055

1,761

2,585

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,494

2,977

104

3,061

-468

2,438

34

1,589

97

1,687

0

465

363

-198

25

419

-377

1

187

149

210

236

442

Income taxes

553

1,813

782

1,282

5,507

1,242

4,366

2,874

166

-

-

-

-

11,452

-2,872

546

-688

5,220

2,964

-246

1,923

6,030

1,942

2,686

2,493

2,836

9,544

-4,217

213

-

-

-

-

-

-

-

-

Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

295

Purchase of fixed assets included in accrued expense and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,688

-3,135

234

308

58

10

-1

54

Purchase of fixed assets in accrued expense and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

297

-

-

-

-

-

-

-

-

Common stock issued as consideration for asset and business acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,252

0

1,241

-

35,079

0

0

-

-

-

-

-

-

-

-

Noncontrolling Interest, Change in Redemption Value

-

-

-

-

-

85

-11

-523

-367

-55

728

915

68

-375

-749

-1,690

99

322

1,427

-917

-524

163

1,747

94

103

-

-

-

-

-

-

-

-

-

-

-

-