Turtle Beach Corporation HEAR Cash Flow

Turtle beach corporation (HEAR)

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
Condensed Cash Flow Statement [Table]
Condensed Cash Flow Statements Captions [Line Items]
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)
-3,555	20,386	-3,124	-2,373	3,055	24,614	14,932	-2,318	1,962	14,231	-492	-7,061	-9,926	12,201	-44,799	-42,573	-12,011	-46,536	-15,880	-9,898	-10,593	2,360	-5,638	-9,302	-2,906	-2,754	-1,402	-3,338	-2,304	-1,252	-1,262	-1,707	-961	-531
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
1,033	1,079	1,297	1,140	1,040	1,010	740	1,256	948	1,074	787	1,444	769	881	1,714	1,211	1,260	1,357	1,468	1,491	1,585	1,461	1,291	1,234	1,814	64	1,161	954	936	58	55	50	47	27
Amortization of intangible assets
222	229	192	159	62	73	74	77	79	89	89	86	84	100	1,333	1,466	1,229	1,330	232	231	222	258	311	260	237	211	251	230	231	-	-	-	-	-
Amortization of debt financing costs
47	47	48	47	47	125	314	248	394	412	400	393	388	385	325	308	324	165	102	44	49	34	20	22	2,545	347	757	253	199	-	-	-	-	-
Stock-based compensation
999	1,003	1,030	1,003	522	468	587	599	223	243	370	431	386	738	1,017	1,078	1,127	1,249	1,253	2,070	1,325	1,278	1,519	1,348	1,049	-	-	-	-	-	-	-	-	-
Warranty provision
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	1	6	4	3	2	2	2	2
Non-cash inventory reserve
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	-1	-21	-14	-13	8	-7	-4	-3
Stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	529	-	600	708	253	-	849	363	196
Accrued interest on Series B redeemable preferred stock
-	-	-	-	-	0	0	125	376	374	365	355	347	346	338	328	323	320	311	303	296	295	368	270	270	265	251	251	243	-	-	-	-	-
Paid-in-kind interest
-	-	-	-	-	281	491	591	665	664	648	614	582	571	546	524	515	438	358	151	0	185	184	373	396	342	0	0	0	-	-	-	-	-
Deferred income taxes
-1,891	-	-	-	-	-165	479	256	-21	-236	460	102	-145	-62	25	-510	0	4	12,101	-3,277	-3,414	284	-3,382	-569	-6,331	8,577	-2,630	-2,503	-91	-	-	-	-	-
Provision for (reversal of) sales returns reserve
2,553	-3,865	-904	2,634	2,532	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for (reversal of) sales returns reserve
-	-	-	-	-	-	-	-	1,273	-	-229	880	1,558	-6,608	-758	2,948	2,741	-	-528	-796	2,976	-	-303	2,572	1,265	-	-356	7,594	-1,482	-	-	-	-	-
Provision for (reversal of ) doubtful accounts
-	-	-	-	-	58	229	13	131	-1	46	-61	64	39	132	63	-90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for (reversal of) doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-57	55	-	-136	-7	151	-	115	235	0	-	-	-	-	-
Provision for obsolete inventory
439	1,402	479	819	783	1,164	507	1,184	582	-238	225	820	869	1,786	8,032	897	699	424	-59	43	699	353	-206	4	381	440	-352	5	0	-	-	-	-	-
Unrealized loss (gain) on financial instrument obligation
-	0	0	0	1,601	3,119	209	-8,619	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in fair value of contingent consideration
21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on capital lease obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	9	8	5	0	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	153
Accounts receivable
-34,681	20,086	10,962	1,889	-42,868	26,441	-3,771	13,628	-29,320	29,096	14,868	4,538	-51,611	29,472	11,259	-613	-44,210	30,704	15,096	1,090	-48,642	35,815	11,987	-16,258	-21,148	59	16,358	-10,050	-45,190	24	-	-	0	0
Inventories
-5,981	-19,886	17,083	-251	-4,210	-22,712	45,812	13,411	-11,120	-18,589	25,178	-549	1,456	-22,009	25,627	2,957	391	-23,166	12,357	1,162	-1,500	-7,804	8,854	-4,053	-8,360	4	18,398	4,743	-1,924	26	7	9	-48	-130
Accounts payable
-11,192	-14,819	15,492	3,427	-4,493	-31,122	18,762	20,058	-3,597	-16,043	18,138	3,127	-3,728	-25,853	18,998	6,426	-4,628	-15,626	11,894	657	-14,212	5,475	18,123	-18,305	-15,845	248	30,143	12,638	-16,491	8	-4	-179	156	36
Accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-84	39	95	-112	14	39	32	52	-1
Prepaid expenses and other assets
1,091	-939	55	633	317	-1,246	4	1,655	68	-1,488	228	870	-365	-1,710	282	778	405	2	-143	493	360	-2,206	736	1,036	646	-93	3,124	1,850	-1,142	22	19	22	-85	45
Income taxes payable
-132	1,198	-1,164	-537	132	131	138	293	0	-580	340	136	193	314	0	76	5	1,367	-3,109	-23	65	2,920	0	1,596	188	-1,675	1	0	-8,106	-	-	-	-	-
Other liabilities
-5,483	5,545	2,086	-1,570	-2,814	3,684	432	5,112	-2,796	-3	1,313	-1,447	-5,398	6,091	1,545	-1,136	-4,429	5,240	-1,006	553	-5,097	6,697	-900	-2,076	-342	-654	4,925	-7,465	0	-	-	-	-	-
Deferred officer compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-140	56
Warranty settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-3	-2	-1	-2	-0	-2	-3	-1
Net cash provided by operating activities
17,526	12,070	-10,868	-2,790	40,962	-1,109	-2,983	8,296	38,045	-5,873	-17,356	-6,800	33,447	-4,947	-15,120	-6,760	24,997	-4,187	-19,113	-9,509	17,676	-2,737	-12,573	-8,426	8,902	-2,032	-7,012	-2,680	24,951	-856	-894	-1,056	-495	-304
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment
890	284	621	450	557	3,033	1,644	48	354	1,827	2,078	358	148	969	615	334	1,311	2,461	1,749	476	2,007	1,589	1,333	146	468	23	1,247	2,608	254	4	39	60	5	3
Cash acquired in business combination
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,093	-	0	0	0	-	-	-	-	-
Patent costs paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35	102	59	79	18	269	17	5	2
Net cash used for investing activities
-890	-284	-621	-13,117	-557	-3,033	-1,644	-48	-354	-1,827	-2,078	-358	-148	-969	-615	-334	-1,311	-2,461	-1,749	-476	-2,007	-1,589	-1,333	-146	3,625	-59	-1,247	-2,608	-254	-22	-58	-328	-10	-6
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings on revolving credit facilities
48,426	71,823	48,634	51,334	48,119	155,263	123,819	44,420	37,571	74,529	46,256	21,250	30,659	77,110	49,109	32,847	49,854	78,135	54,327	38,854	46,328	64,925	38,686	9,881	44,490	21,000	12,250	9,000	9,000	-	-	-	-	-
Repayment of revolving credit facilities
63,780	82,729	32,875	40,532	85,504	121,401	120,295	47,062	73,396	60,855	26,639	16,074	66,564	67,504	30,002	26,188	81,774	66,299	48,544	39,559	67,652	56,725	29,280	25,114	49,736	11,450	64	0	33,000	-	-	-	-	-
Repayment of capital leases
-	-	-	-	-	-	-	-	-	0	0	0	4	10	12	16	3	10	10	10	10	9	9	10	6	0	0	0	0	-	-	-	-	-
Repayment of term loan
-	-	-	-	-	12,500	0	0	2,485	1,204	1,016	427	0	401	1,203	1,204	1,203	3,141	641	641	0	0	0	0	14,500	9,250	10,000	3,750	3,750	-	-	-	-	-
Proceeds from sale of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,100	0	0	0	0	-	-	-	-
Offering costs paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	0	0	0	0	-	-	-	-
Proceeds from exercise of stock options and warrants
18	116	120	71	23	138	3,363	734	0	-	-	-	-	-	-	-	-	149	217	219	146	66	457	536	559	91	0	0	0	1	-	-	-	-
Proceeds from sale of common stock, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-21	5,989	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock to satisfy employee tax withholding obligations
48	54	56	44	101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt financing costs
-	-	-	-	-	207	0	230	175	73	0	0	0	350	44	187	574	679	1,418	-38	75	174	115	-25	1,419	-18	1,021	0	0	-	-	-	-	-
Cash portion of loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	7,000	0	10,000	0	0	-	-	-	-	-
Net cash used for financing activities
-15,384	-11,428	15,381	9,330	-37,463	5,138	1,746	-3,528	-38,485	12,397	18,601	4,749	-35,909	8,845	17,848	5,231	-27,711	10,765	20,931	10,701	-21,263	8,083	9,745	11,753	-13,612	5,161	11,165	5,250	-27,750	1	26	657	7,354	153
Effect of exchange rate changes on cash and cash equivalents
-768	-	-	-	136	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash and cash equivalents
484	-	-	-	3,078	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	53	-118	-	68	34	40	-23	2	-203	139	-77	-15	163	-173	-265	-381	225	128	156	137	-109	0	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	4,773	-912	-	-765	-2,375	-2,570	2,906	2,115	-2,066	-3,886	4,040	54	879	-5,767	3,492	-4,542	3,406	-957	3,069	3,043	-147	-3,053	-877	-927	-726	6,847	-157
SUPPLEMENTAL DISCLOSURE OF INFORMATION
Cash paid for interest
161	281	180	40	268	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	482	-	446	405	513	579	482	424	568	751	442	239	299	1,427	220	999	563	1	822	802	725	0	-	-	-	-
Cash paid for income taxes
175	-	-	-	-	-	-	-	0	-	0	0	0	0	0	0	0	16	0	0	0	364	163	13	14	0	94	595	7,535	-	-	-	-	-
Reclassification of financial instrument obligation
-	0	0	0	6,248	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued for technology purchased from related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	975
Payable to a related party for technology purchased
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	250