Gain capital holdings, inc. (GCAP)
CashFlow / TTM
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)

44,937

-60,761

-31,942

-17,537

49,011

93,626

92,519

77,854

24,472

-10,575

14,042

12,431

9,925

37,412

27,598

33,120

14,831

11,939

18,741

28,865

31,073

26,310

9,294

3,216

24,874

28,107

0

0

0

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,073

7,469

13,048

15,698

0

0

0

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

-1,910

-272

-2,447

-1,258

-2,723

-2,362

-607

-327

1,927

719

-442

-239

-1,413

-1,692

-1,222

-686

-566

-2,432

2,545

-1,926

224

1,618

-4,551

-5,637

-6,831

-3,641

-1,650

2,240

1,961

-1,315

-1,836

-628

10

145

0

0

0

Depreciation and amortization

24,430

25,897

27,419

29,732

32,814

35,107

36,503

36,973

36,268

34,017

32,282

30,759

29,467

28,921

30,948

31,017

30,610

27,661

22,965

19,705

14,756

14,690

14,319

12,678

13,000

11,189

9,292

8,680

8,129

9,055

10,728

12,227

13,337

12,791

0

0

0

Non-cash integration costs

-

-

-

-

-

-

-

-

-

-

-

-

-

366

8,576

16,944

27,000

26,827

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of contingent liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Deferred tax expense/(benefit)

2,766

-12,060

-7,580

-6,771

-7,903

-2,815

2,386

-4,479

-4,237

-2,630

-11,014

-1,443

-3,312

-3,481

-6,519

-11,311

-12,725

-12,355

2,268

6,027

6,323

5,108

-9,995

-8,526

-5,352

-5,431

2,143

-503

60

-1,013

-266

-2,046

-3,397

-2,107

0

0

0

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Amortization of Debt Issuance Costs

597

597

607

623

634

648

652

598

548

495

443

442

442

442

419

398

375

354

-979

-523

-81

354

1,599

1,054

524

0

0

0

1

51

73

94

115

87

0

0

0

Accounts Receivable, Credit Loss Expense (Reversal)

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,462

7,363

7,097

6,443

3,699

2,998

2,277

1,894

1,501

0

0

0

-

-

-

-

-

-

-

-

Convertible senior notes discount amortization

6,027

5,902

5,816

5,736

5,662

5,590

5,632

5,371

5,137

4,917

4,551

4,488

4,384

4,311

4,239

4,169

4,115

3,624

4,468

3,540

2,628

2,150

440

352

263

175

0

0

0

-

-

-

-

-

-

-

-

Share-based compensation

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

2,974

2,980

3,288

3,325

3,304

3,552

3,967

4,018

0

0

0

Gain on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

89

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-

-

-

-

-

-

-

-

-

-343

-106

-82

-66

-62

-50

-34

-16

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Bad debt provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Loss on disposal of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-33

-34

-34

-33

-3

0

0

0

Gain on sale of GTX

-

-

-

-

-

69,292

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest earned on investments

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of right of use asset

3,377

2,914

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Securities held for customers

-

-

-

-

-

-

-

-

-

-

-

-

-

0

95,145

-43,229

-225,264

-101,325

-143,404

9,011

20,347

9,260

184,973

154,147

136,833

74,769

33,698

40,949

19,722

31,285

0

0

0

-

-

-

-

Trading Securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19,993

0

0

0

Receivables from brokers

-46,563

23,024

54,160

60,625

27,647

8,411

-796

-28,175

-4,120

17,549

7,595

-136,311

-39,836

-58,360

-63,077

64,794

-94,651

-45,576

-84,504

-112,149

-33,032

-94,933

-20,767

77,518

27,342

78,556

44,285

-23,626

24,111

5,333

5,847

19,738

13,175

-12,734

0

0

0

Payables to brokers

6,243

-1,635

916

-1,456

182

-972

1,912

2,981

0

2,789

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

741

-589

-1,670

-2,730

-2,300

-336

-579

-318

882

-2,230

-2,735

-2,372

-2,127

-859

-629

-39

0

0

0

Other assets

7,653

497

1,460

-5,683

-9,502

-6,267

-9,319

-8,409

-4,344

-5,872

5,890

7,058

5,334

13,079

9,651

15,992

14,715

7,674

4,294

514

-274

8,495

3,504

3,541

5,943

1,075

4,279

1,019

-50

-1,065

7,456

9,926

8,227

5,428

0

0

0

Payables to customers

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Payables to brokers

6,243

-1,635

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payables to customers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

136,732

74,769

33,946

41,151

19,748

31,285

53,817

62,674

62,224

52,765

0

0

0

Accrued compensation and benefits

3,329

-5,849

-5,102

-5,253

-7,569

-1,117

-2,287

-1,107

3,240

-3,942

-178

215

-3,302

2,045

2,279

697

269

-7,454

-4,454

-1,745

-685

4,497

-657

-2,412

1,061

6,375

6,274

5,436

4,336

1,047

1,731

1,930

-256

-151

0

0

0

Accrued expenses and other liabilities

-2,974

-11,580

-3,646

752

3,430

7,548

3,189

-1,061

-7,248

-10,059

-11,244

-14,182

-25,108

-6,703

-24,675

-4,982

-3,676

-18,748

-11,252

-6,633

-3,412

-2,422

11,919

2,781

10,569

7,867

3,859

-4,278

-1,198

-1,444

-610

1,310

-881

1,976

0

0

0

Income tax payable

10,976

-3,886

-4,714

-7,416

-175

6,975

140

9,806

3,263

-2,238

16,025

-1,964

-454

6,275

-2,986

6,371

4,150

611

-6,533

-12,774

-10,507

-9,812

-2,455

5,185

4,231

4,414

1,841

1,681

1,509

-1,303

-4,369

1,090

1,030

28

0

0

0

Long term securities

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities

-2,647

-2,747

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by/(used in) operating activities

207,094

124,766

-19,096

-67,617

-124,840

-129,274

-93,155

-49,344

-73,348

5,779

102,623

219,306

219,720

202,055

102,583

9,254

147,404

77,213

128,487

168,861

86,254

136,788

54,458

-55,738

27,797

-18,887

3,425

58,212

1,747

12,149

3,796

-36,612

-20,577

59,596

0

0

0

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

-

-

-

-

-

-147,884

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by operating activities - discontinued operations

-

-

-

-

-

18,610

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES:
Contractual payments for acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,419

2,632

1,097

1,212

2,030

0

0

0

-

-

-

0

Principal payment on notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,875

10,500

13,125

15,750

10,500

0

0

0

Drawdown on notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

1,004

618

608

799

356

430

464

129

706

901

976

1,379

2,386

2,979

2,961

3,460

2,087

2,219

2,869

2,163

2,539

1,620

1,322

1,726

1,969

2,190

1,905

1,593

853

0

0

0

Proceeds from exercise of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,270

0

0

0

Maturity and repurchase of convertible notes

-58,126

414

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

302

181

301

177

216

0

0

0

-

-

-

-

Purchases of property and equipment

17,347

16,235

15,117

13,070

13,933

14,745

15,726

19,484

19,229

20,930

23,206

21,880

23,600

23,883

23,151

23,344

24,384

19,676

14,598

12,965

6,809

8,759

9,897

7,601

8,311

6,187

6,223

7,681

7,976

8,358

7,632

5,730

4,542

4,018

0

0

0

Payments to Acquire Additional Interest in Subsidiaries

0

2,422

2,474

5,328

5,328

2,906

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of treasury bills

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

662

599

0

0

0

-

-

-

-

-

-

-

-

Payments to Acquire Intangible Assets

-

-

-

-

-

-

-

-

-

-

0

0

5,125

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Funding of acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,258

-8,837

11,675

8,671

14,918

27,013

10,720

10,555

4,219

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-17,347

-18,657

-17,590

-18,643

77,258

78,868

77,938

77,056

-21,288

-28,114

-37,834

-36,284

-36,169

-31,327

-23,909

-16,487

-20,700

-16,081

-9,836

-36,428

-27,329

-35,463

-37,017

-18,318

-18,204

-9,807

31,072

-17,946

-18,835

-19,217

-59,899

-6,230

-7,589

-7,065

0

0

0

Cash used in investing activities - continuing operations

-

-

-

-

-

-16,806

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by investing activities - discontinued operations

-

-

-

-

-

95,674

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of treasury stock

2,800

7,001

58,985

62,243

63,585

63,589

11,605

24,700

25,521

26,160

29,670

13,317

10,202

8,959

8,393

10,137

8,689

5,088

0

0

0

-

-

-

-

7,189

2,811

3,260

3,863

3,263

0

0

0

-

-

-

-

Dividend payments

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

Distributions to non-controlling interest holders

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from employee stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

444

577

674

1,140

896

873

1,009

1,221

1,916

2,360

1,931

1,026

369

-355

-119

-28

0

0

0

-

-

-

-

Contractual payments for acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Convertible Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

1,736

1,735

1,735

1,735

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

-70,931

-16,575

-73,184

-77,229

-79,290

-79,330

-21,891

-18,805

-19,496

-21,530

-25,833

-25,625

-22,775

-21,175

-19,997

-24,728

-22,677

-25,840

-22,124

-16,318

-15,177

-5,938

36,390

25,673

24,822

33,633

-10,381

-124

-375

-17,983

-21,187

-25,787

-25,602

-17,616

0

0

0

Effect of exchange rate changes on cash and cash equivalents

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

52,153

-10,118

-27,000

-45,315

-61,834

-9,626

-13,614

-4,357

-2,755

8,645

6,028

1,976

4,093

-638

1,233

-2,142

-1,888

-3,444

-2,470

4,073

1,650

172

1,580

-1,499

-2,229

0

0

0

NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

80,264

96,177

-171,778

-208,922

-185,374

-171,900

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

90,614

-

49,051

-45,575

99,670

32,537

105,172

122,143

45,724

99,480

53,193

-47,150

32,273

3,051

20,672

37,672

-13,390

-23,401

-77,118

-67,049

-55,267

32,686

0

0

0

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

10,239

9,182

9,429

9,420

9,382

9,111

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,648

5,674

5,135

5,065

3,593

4,158

3,407

3,373

2,249

2,515

630

655

609

-131

68

230

-40

547

782

1,037

0

0

0

Income taxes

4,430

9,384

8,813

12,397

13,989

8,648

0

0

0

-

-

-

-

8,438

2,206

8,042

7,250

9,861

10,671

9,649

12,581

13,151

9,957

17,559

10,656

8,376

0

0

0

-

-

-

-

-

-

-

-

Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Purchase of fixed assets included in accrued expense and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95

-2,535

610

375

121

0

0

0

Purchase of fixed assets in accrued expense and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Common stock issued as consideration for asset and business acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Noncontrolling Interest, Change in Redemption Value

-

-

-

-

-

-816

-956

-217

1,221

1,656

1,336

-141

-2,746

-2,715

-2,018

158

931

308

149

469

1,480

2,107

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-