GREEN DOT CORP GDOT Cash Flow

Green dot corp (GDOT)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating activities
Net income
46,845	1,693	-531	34,692	64,043	14,272	4,573	29,827	70,031	12,228	13,639	19,266	40,754	-1,345	2,037	8,026	32,882	-6,073	179	3,496	40,813	-846	13,891	14,343	15,305	1,036	6,113	11,305	15,586	10,370	9,612	10,869	16,368	14,009	13,303	12,070	12,701
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, equipment and internal-use software
13,697	13,560	12,926	12,121	10,882	10,427	9,938	9,294	8,922	8,188	8,140	8,393	8,749	8,666	9,171	10,219	11,404	10,448	9,583	9,103	9,375	9,004	7,893	7,893	7,664	7,065	6,903	6,649	6,354	5,567	4,823	4,090	3,651	3,558	3,276	2,965	2,531
Amortization of intangible assets
7,279	8,077	8,174	8,175	8,174	8,214	8,175	8,175	8,236	8,174	8,184	8,185	6,557	5,728	5,749	5,749	5,774	6,081	5,915	5,884	5,325	3,800	730	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Provision for uncollectible overdrawn accounts from purchase transactions
1,316	21,765	19,241	42,949	2,496	16,432	21,541	23,432	18,385	18,640	21,067	19,192	18,246	16,147	18,907	23,021	16,766	-	-	16,374	15,192	-	10,175	7,569	8,490	9,109	9,609	13,085	15,470	15,662	16,091	16,142	14,450	14,352	15,489	17,323	13,398
Employee stock-based compensation
11,385	-553	6,894	8,427	14,815	12,720	16,771	11,242	9,360	13,350	10,992	9,858	6,534	7,380	7,889	7,407	5,645	7,935	7,453	6,423	5,200	6,177	5,466	4,714	3,972	4,029	4,165	3,619	2,890	3,693	2,420	3,132	3,489	2,482	2,719	2,462	1,861
Excess tax benefits from equity awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-338	-	-	-	-	-	-	-	-	-	2,902	618	229	73	14	1,383	1,268	792	100	696	1,363
Stock-based retailer incentive compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	614	1,906	2,391	2,131	2,022	2,388	2,559	2,587	1,967	1,609	1,266	1,202	2,593	3,190	3,552	3,549	4,356	5,880
Amortization of premium (discount) on available-for-sale investment securities
138	92	15	-84	-140	128	210	384	320	353	465	370	322	357	401	330	269	346	313	273	235	277	290	225	313	322	179	104	173	234	325	365	264	94	88	69	0
Net realized loss (gain) on investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29	-	-3	17	-6	3	3	-3	8	0	0	0	0
Recovery for uncollectible trade receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	-	13	-42	41	61	-56	65	-429	305	124	22	4
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-684	0	100	-7,616	-698	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
42	81	129	128	996	399	398	399	398	398	399	398	394	383	384	383	384	384	384	383	384	289	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of capitalized software
0	457	17	4	100	570	177	175	0	260	52	858	156	5	1	31	105	142	739	5,000	0	-	-	-	-	3,360	700	220	936	117	40	829	43	49	111	5	232
Deferred income tax expense (benefit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-435	17	33	-21	463	0	0	0	5,193	82	-4	193	5,824	-32	0	0	144	0	0	107
Changes in operating assets and liabilities:
Settlement assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,210	-2,063	-835
Accounts receivable, net
3,363	46,369	25,981	37,040	-4,338	29,969	24,106	18,754	12,626	32,502	27,912	13,405	-5,451	31,584	16,998	23,841	2,428	37,187	13,498	1,452	2,313	24,053	9,884	12,210	-15,668	8,366	10,501	2,802	26,529	14,694	16,299	14,778	20,328	26,016	16,730	17,000	10,764
Prepaid expenses and other assets
-9,023	21,711	-1,628	-1,077	-6,974	11,388	3,820	-11,389	6,111	12,066	3,882	1,861	-968	-2,830	4,232	-6,720	4,187	-5,551	7,900	3,386	31	-8,756	9,653	-5,818	3,835	607	11,366	-10,817	-6,225	10,303	-1,459	8,117	4,364	478	1,647	821	-108
Deferred expenses
-6,389	10,128	-804	-5,466	-8,168	13,193	-1,340	-5,260	-7,183	11,123	224	-3,684	-5,565	10,437	19	-3,205	-5,113	8,530	-1,826	-3,721	-5,800	8,139	120	-2,824	-3,548	8,493	-776	-2,062	-2,726	5,587	-294	-2,554	-2,833	4,773	644	-789	-1,528
Accounts payable and other accrued liabilities
9,859	11,987	11,075	-20,990	-10,217	25,786	3,068	2,553	-18,936	40,523	-3,255	3,981	-13,267	-1,547	-1,260	-3,901	-12,448	42,209	-9,132	-10,488	-9,410	11,638	5,857	-9,980	-6,348	15,565	9,147	9,884	-7,681	9,666	1,616	1,391	18,802	-1,676	2,394	-11,510	6,303
Deferred revenue
-9,355	12,674	-586	-8,081	-10,718	16,262	-1,595	-3,512	-6,480	17,453	503	-5,139	-8,128	14,559	169	-5,266	-7,458	12,676	-3,574	-5,101	-5,618	11,288	-1,213	-4,215	-6,179	10,829	-2,836	1,972	-4,705	8,561	-872	-4,199	-5,452	8,417	373	-1,986	-2,543
Settlement obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,210	-2,063	-835
Amounts due to card issuing banks for overdrawn accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62	402	-	-741	-672	1,169	378	307	369	-49,760	-2,330	121	-2,037	3,452	-5,413	4,905	4,634	3,445	1,305	900	1,710	3,170
Income tax receivable/payable
11,805	-14,279	5,032	5,200	15,729	-3,705	-5,008	-2,676	10,136	-9,644	-9,837	2,919	21,629	-3,093	-13,201	-5,959	18,591	-6,453	-10,754	3,333	24,091	-10,356	-3,575	5,319	8,641	-13,640	-6,894	6,370	8,067	-6,236	1,259	1,093	2,577	3,010	-2,473	5,143	7,723
Other, net
930	-1,015	-622	361	255	-229	-1,490	-1,633	-51	-112	-1,312	353	-929	248	-2,210	-34	-145	275	150	-54	-2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
104,130	-14,747	37,593	51,683	115,385	36,709	46,652	78,821	88,869	54,962	19,643	48,846	94,859	12,481	10,355	20,382	71,297	43,193	-4,423	33,676	84,496	22,394	22,314	24,680	-171	29,515	5,873	62,618	24,502	18,712	26,770	19,283	37,263	17,542	20,732	14,901	40,876
Investing activities
Purchases of available-for-sale investment securities
60,267	71,107	27,743	54,434	35,782	57,893	49,965	65,252	13,774	0	847	37,857	19,961	12,473	43,612	41,343	38,492	19,275	49,821	91,405	34,631	50,594	68,464	48,840	44,548	59,434	104,526	63,271	46,841	71,114	60,005	18,673	122,077	4,994	0	32,077	7,985
Proceeds from maturities of available-for-sale securities
25,509	38,402	22,215	37,406	12,948	14,675	16,491	11,607	17,676	13,554	14,552	14,243	28,989	22,513	29,147	27,939	25,945	27,126	23,778	11,559	21,972	46,759	23,243	35,818	47,445	58,160	32,913	27,835	54,227	7,855	18,408	3,247	8,053	10,152	10,000	0	0
Proceeds from sales of available-for-sale securities
10,047	10	4,804	0	101	67,260	97	10,904	124	11,236	10,408	3,348	15,318	108	747	554	21	23,664	11,354	202	12,733	96,559	1,757	2,698	35,411	38,306	7,784	25,853	13,026	25,619	35,733	12,422	7,700	0	0	0	0
Increase in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,216	2,547	581	-719	-335	-176	1,429	-1,956	-5	1,284	-683	2,303	30	3	0	-12,150	-264	7	115	2,632	0	0	5,159
Payments for acquisition of property and equipment
15,743	20,029	20,439	18,434	19,312	17,633	16,021	13,990	13,386	11,769	11,449	9,080	11,844	10,007	9,286	11,798	12,182	10,465	12,330	10,898	14,144	15,540	9,702	3,584	10,512	8,830	9,899	8,127	8,886	17,129	6,420	9,059	7,833	6,079	5,766	5,838	5,393
Net decrease in loans
-1,584	1,002	161	3,050	-1,754	270	1,325	3,149	1,143	-1,221	10,969	1,564	1,199	362	-197	-380	-5	-328	156	-364	265	-267	137	114	-336	380	-704	-2	-324	-136	-604	-867	-877	-245	0	0	0
Investment in TailFin Labs, LLC
35,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	0	0	2,237	139,256	0	0	0	0	0	0	0	65,209	212,104	0	14,860	0	-	-	-	-	-1,578	-26	1,375	32,052	5,085	0	0	0
Net cash used in investing activities
-73,870	-53,726	-21,324	-38,512	-40,291	6,139	-50,723	-59,880	-10,503	14,242	1,695	-33,147	-127,953	34,123	-54,023	-26,815	-25,284	22,097	-26,840	-90,002	-80,973	-132,697	-53,298	-30,166	28,815	25,519	-73,054	-17,711	11,850	-40,905	-11,390	-12,578	-145,447	1,777	4,234	-37,915	-18,537
Financing activities
Borrowings from notes payable
-	-	-	-	-	-	-	-	-	0	0	0	20,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of borrowings from notes payable
0	0	0	0	60,000	5,625	5,625	5,625	5,625	5,625	5,625	5,625	25,625	5,625	5,625	5,625	5,625	5,625	5,625	5,625	5,625	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on revolving line of credit
100,000	-	-	-	0	-	-	-	-	0	0	130,000	205,000	120,000	10,000	0	15,000	0	0	0	30,001	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on revolving line of credit
35,000	-	-	-	0	-	-	-	-	0	0	180,000	155,000	120,000	10,000	0	15,000	0	0	0	30,001	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of options
23	2,364	26	4,131	705	2,757	2,683	8,638	7,802	5,978	2,189	10,839	5,155	5,507	2,296	4,230	2,884	1,755	241	1,567	269	3,270	3,342	1,722	1,626	6,362	7,144	2,020	400	840	161	1,961	588	1,797	267	2,543	1,531
Excess tax benefits from stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	131	3	24	148	234	3,038	525	-1,001	2,902	618	229	73	14	1,383	1,268	792	100	696	1,363
Taxes paid related to net share settlement of equity awards
1,480	3,179	1,285	5,048	11,826	12,827	8,804	8,478	15,898	5,340	4,844	5,731	2,162	1,898	2,491	2,660	1,174	1,791	2,295	886	152	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock Issued During Period, Value, Conversion of Convertible Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net increase in deposits
442,017	279,232	-273,242	-480,888	620,998	-11,227	-51,393	-225,205	271,092	187,496	130,360	-122,037	88,947	144,439	34,929	-78,888	-15,211	152,123	-108,059	-36,192	78,872	123,541	-17,734	-66,755	306,769	30,319	-12,098	-20,663	23,571	159,922	5,606	-6,549	515	5,231	0	0	0
Net decrease in obligations to customers
34,667	41,449	-22,995	8,942	39,364	-42,116	12,146	21,830	-9,115	9,091	15,493	4,611	-8,269	47,391	-44,160	30,079	50,062	45,445	-29,888	16,415	-77,344	65,729	20	347	13,346	-4,607	7,995	-6,987	-16,017	9,469	-23,137	0	0	-	-	-	-
Contingent consideration payments
1,000	1,000	1,000	2,634	0	1,000	1,162	2,492	202	1,197	1,184	531	192	200	2,188	178	189	189	214	499	169	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of Class A common stock
-	-	-	-	-	-	-	-	-	1,969	0	0	50,000	0	0	50,000	9,013	986	40,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs
-	-	-	-	-	-	-	-	-	0	0	0	164	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
469,893	270,249	-252,506	-593,381	510,513	14,194	-76,447	-254,992	266,284	170,252	105,403	-177,696	94,228	94,832	71,081	-163,200	-78,390	99,684	-125,933	-58,047	150,563	201,813	-15,899	-62,342	295,574	38,786	-10,047	-11,038	40,217	151,366	28,918	-3,205	2,371	7,820	367	3,239	2,894
Net increase in unrestricted cash, cash equivalents and restricted cash
500,153	201,776	-236,237	-580,210	585,607	57,042	-80,518	-236,051	344,650	239,456	126,741	-161,997	61,134	141,436	27,413	-169,633	-32,377	164,974	-157,196	-114,373	154,086	91,510	-46,883	-67,828	324,218	93,820	-77,228	33,869	76,569	129,173	44,298	3,500	-105,813	27,139	25,333	-19,775	25,233
Supplemental Cash Flow Information [Abstract]
Cash paid for interest
283	403	445	510	1,094	1,553	990	1,227	1,118	1,116	998	1,135	1,271	1,119	1,045	1,025	4,397	1,051	1,081	1,166	1,112	1,214	16	30	16	66	-27	4	30	26	24	20	28	102	0	6	0
Cash (refund from)/paid for income taxes
-95	5,533	-7,314	3,664	38	1,920	28	4,205	80	195	10,465	-1,179	122	-310	11,154	11,332	140	568	8,433	112	779	11,265	10,118	0	219	6,085	9,448	516	302	5,191	7,596	5,589	9,827	5,317	10,611	2,287	76