Great elm capital group, inc. (GEC)
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'11Dec'10Sep'10
Cash flows from operating activities:
Net loss

-18,271

-2,152

-4,401

-3,132

-4,616

-13,205

-10,131

-11,506

-9,865

-8,274

-15,206

-15,237

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations

-

-

-

3,736

0

0

0

-

-

-

-

2,203

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-39,858

-

-8,383

-8,167

-4,499

433

-32,619

-35,372

-39,689

-47,613

-7,051

-4,404

-3,184

14,567

-37,246

-38,533

-32,678

-35,248

0

0

0

(Income) loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Loss on sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization

11,786

11,743

11,361

9,233

7,153

4,511

1,934

1,124

0

0

0

-

-

-

-

63

79

95

109

107

106

102

100

97

91

86

161

282

663

1,506

2,583

4,011

5,338

6,261

6,802

6,896

0

0

0

Stock-based compensation

268

637

598

978

1,767

2,583

3,341

4,425

4,346

3,997

3,538

1,963

2,412

2,131

1,939

2,029

58

332

570

765

792

1,170

1,121

1,099

2,313

5,849

6,171

6,235

9,997

8,482

8,329

8,405

4,728

2,423

2,407

2,483

0

0

0

Unrealized (gain) loss on investments

-10,738

-137

-2,950

-1,062

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest and amortization of debt issuance costs

956

946

917

877

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on fixed asset disposal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

24

56

357

451

570

689

579

691

797

903

1,006

1,109

0

0

0

Amortization of premiums/discounts on investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-12

-27

-55

-79

-98

-137

-162

-151

-192

-285

-469

-753

-946

-1,003

-1,030

-1,037

-1,059

-1,148

-1,222

-1,261

0

0

0

Realized gain on sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-81

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on change in fair value of consultant incentive award obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

In kind interest payments on note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,355

4,219

4,088

3,961

3,837

3,717

3,600

3,488

3,370

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt discount and issuance costs

-

-

-

-

-

-

-

-

-

-

-

2,802

2,930

3,045

2,659

592

610

624

557

495

442

391

342

326

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on investments at fair value

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash expense, net

-1,795

-1,763

-1,430

-1,170

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of equipment held for rental

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of contingent consideration

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recovery of (provision for) doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-226

-329

-31

351

0

0

0

Changes in operating assets and liabilities:
Related party receivable

-583

-667

232

83

-388

-2,160

-1,051

73

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

443

1,046

1,971

2,811

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-88

0

0

0

-

-

-

-

4,308

-8,298

3,864

2,736

-9,369

0

0

0

Inventories

117

314

-6

-62

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Initial licensing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid assets, deposits, and other assets

1,002

585

-164

225

16

-22

411

117

105

-59

140

81

-583

-251

-412

-464

180

-67

4

-37

-304

-493

-245

-410

-1,248

-901

-2,257

-3,540

1,984

621

-7,767

-6,805

-11,921

-15,412

-7,040

-6,068

0

0

0

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-847

-550

-291

-502

1,647

1,459

72

-1,136

-1,685

-5,255

-5,583

-2,995

-1,299

2,133

5,165

104

442

3,229

-212

2,750

0

0

0

Operating leases

-1,775

-1,748

-1,350

-1,075

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party payable

-117

-151

64

804

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued liabilities and other liabilities

2,981

1,321

-404

350

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

1,228

-154

-720

-220

-1,346

-2,493

-3,699

-4,797

-5,250

-3,715

9,328

8,542

10,860

10,786

0

0

0

Fee share obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-7,205

-12,118

-11,847

-15,866

-8,474

0

0

0

Accrued restructuring costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-2,849

-7,126

-9,549

-13,070

-14,404

-14,815

-15,417

-13,160

-12,591

-11,764

-11,934

-13,882

0

0

0

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-256

-519

-586

-471

45

298

-16,873

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities - continuing operations

4,602

3,727

2,752

1,278

465

133

-2,083

-3,680

-3,049

-5,975

-8,189

-8,949

-5,912

-4,892

-2,662

-284

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities - discontinued operations

-

-

-

1,413

0

0

0

-

-

-

-

-1,542

-8,947

-19,517

-34,225

-34,296

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

4,607

5,233

4,233

2,691

1,863

-125

-2,316

-3,845

-3,785

-6,556

-2,015

-10,491

-14,859

-24,409

-36,887

-34,580

-39,614

-37,156

-37,989

-59,973

28,822

31,863

33,671

74,276

-11,996

-37,498

-44,608

-69,944

-82,737

-59,522

-41,008

-43,628

-27,337

-29,777

-36,074

-21,485

0

0

0

Cash flows from investing activities:
Acquisition of business, net of cash acquired

-

-

-

48,124

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of equipment held for rental

7,809

8,055

8,525

6,848

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of equipment held for rental

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset Acquisition

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72

0

0

0

-

-

-

-

523

0

0

0

-

-

-

-

Settlement related to discontinued operations sold in 2008

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,000

0

0

0

-

-

-

-

Payments to vendors related to the sale of discontinued operation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,893

0

0

0

-

-

-

-

-

-

-

-

Purchases of property and equipment

745

1,103

789

809

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from sale of property and equipment

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of discontinued operations, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Purchases of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78,337

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,025

39,319

39,252

35,872

38,631

35,329

35,893

46,241

0

0

0

Proceeds from sales and maturities of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,710

21,710

31,710

38,003

40,000

40,000

40,000

39,464

37,107

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities - continuing operations

-12,588

-13,756

-14,033

-54,903

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales and maturities of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

43,838

61,848

59,708

65,420

0

0

0

Purchases of long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

18,055

0

0

0

Proceeds from sales and maturities of long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

Net cash used in investing activities

-12,588

-13,756

-14,033

-54,903

-46,861

-46,494

-44,614

-2,368

0

0

0

-

-

-

-

41,675

21,675

31,675

37,945

39,970

33,456

29,945

29,441

-41,302

-34,244

-25,112

-25,871

39,865

60,528

47,197

45,109

34,167

-1,123

6,788

-2,307

5,788

0

0

0

Cash flows from financing activities:
Proceeds on revolving line of credit

-

-

-

6,625

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on revolving line of credit

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long term debt

2,185

2,159

2,108

2,069

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from note payable to seller

-

-

-

19,855

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on related party notes payable

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on equipment financing

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from equipment financing

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt financing costs

-

-

-

488

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payment on related party note payable

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock, gross

-

-

-

1,551

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,500

0

0

0

-

-

-

0

-

1,274

1,211

1,677

1,628

0

0

0

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,033

1,203

2,543

2,571

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt and equity issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,472

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

142

139

192

180

210

268

299

315

309

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities - continuing operations

28,202

-4,156

-2,754

21,502

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

28,202

-4,156

-2,754

21,502

0

0

0

-

-

-

-

5,809

5,783

6,220

-7,967

-142

-140

-179

-168

-119

765

899

1,040

13,290

48,890

49,058

48,965

37,983

2,625

2,888

3,056

1,904

1,563

1,500

2,077

2,028

0

0

0

Net increase (decrease) in cash, cash equivalents and restricted cash

20,221

-12,679

-12,554

-30,710

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

5,359

6,036

6,306

4,537

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-18,483

-

-

0

-11,151

-

-18,079

-5,660

-212

-20,122

63,043

62,707

64,152

46,264

2,650

-13,552

-21,514

7,904

-19,584

-9,437

7,157

-7,557

-26,897

-21,489

-36,304

-13,669

0

0

0

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing and financing activities
Assumption of borrowings in connection with acquisition

-

-

-

9,275

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of non-controlling interests in subsidiary in connection with acquisition

-

-

-

7,264

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock issued to seller in acquisition

-

-

-

5,266

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration issued in connection with acquisition

-

-

-

961

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retirement of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,001

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant liability settled with common stock issuance

-

-

-

-

-

-

-

194

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities and right of use assets arising from operating leases

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-