Turtle beach corporation (HEAR)
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'11
Condensed Cash Flow Statement [Table]
Condensed Cash Flow Statements Captions [Line Items]
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)

11,334

17,944

22,172

40,228

40,283

39,190

28,807

13,383

8,640

-3,248

-5,278

-49,585

-85,097

-87,182

-145,919

-117,000

-84,325

-82,907

-34,011

-23,769

-23,173

-15,486

-20,600

-16,364

-10,400

-9,798

-8,296

-8,156

-6,525

-5,183

-4,462

0

0

0

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

4,549

4,556

4,487

3,930

4,046

3,954

4,018

4,065

4,253

4,074

3,881

4,808

4,575

5,066

5,542

5,296

5,576

5,901

6,005

5,828

5,571

5,800

4,403

4,273

3,993

3,115

3,109

2,003

1,100

211

180

0

0

0

Amortization of intangible assets

802

642

486

368

286

303

319

334

343

348

359

1,603

2,983

4,128

5,358

4,257

3,022

2,015

943

1,022

1,051

1,066

1,019

959

929

923

0

0

0

-

-

-

-

-

Amortization of debt financing costs

189

189

267

533

734

1,081

1,368

1,454

1,599

1,593

1,566

1,491

1,406

1,342

1,122

899

635

360

229

147

125

2,621

2,934

3,671

3,902

1,556

0

0

0

-

-

-

-

-

Stock-based compensation

4,035

3,558

3,023

2,580

2,176

1,877

1,652

1,435

1,267

1,430

1,925

2,572

3,219

3,960

4,471

4,707

5,699

5,897

5,926

6,192

5,470

5,194

0

0

0

-

-

-

-

-

-

-

-

-

Warranty provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

15

17

13

12

10

0

0

0

Non-cash inventory reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-42

-51

-40

-27

-17

-7

0

0

0

Stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

0

0

0

Accrued interest on Series B redeemable preferred stock

-

-

-

-

-

501

875

1,240

1,470

1,441

1,413

1,386

1,359

1,335

1,309

1,282

1,257

1,230

1,205

1,262

1,229

1,203

1,173

1,056

1,037

1,010

0

0

0

-

-

-

-

-

Paid-in-kind interest

-

-

-

-

-

2,028

2,411

2,568

2,591

2,508

2,415

2,313

2,223

2,156

2,023

1,835

1,462

947

694

520

742

1,138

1,295

1,111

738

342

0

0

0

-

-

-

-

-

Deferred income taxes

0

-

-

-

-

549

478

459

305

181

355

-80

-692

-547

-481

11,595

8,828

5,414

5,694

-9,789

-7,081

-9,998

-1,705

-953

-2,887

3,353

0

0

0

-

-

-

-

-

Provision for (reversal of) sales returns reserve

418

397

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for (reversal of) sales returns reserve

-

-

-

-

-

-

-

-

657

-

-4,399

-4,928

-2,860

-1,677

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

Provision for (reversal of ) doubtful accounts

-

-

-

-

-

431

372

189

115

48

88

174

298

144

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for (reversal of) doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

Provision for obsolete inventory

3,139

3,483

3,245

3,273

3,638

3,437

2,035

1,753

1,389

1,676

3,700

11,507

11,584

11,414

10,052

1,961

1,107

1,107

1,036

889

850

532

619

473

474

93

0

0

0

-

-

-

-

-

Unrealized loss (gain) on financial instrument obligation

-

1,601

4,720

4,929

-3,690

-5,291

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in fair value of contingent consideration

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on capital lease obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

24

0

0

0

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accounts receivable

-1,744

-9,931

-3,576

-18,309

-6,570

6,978

9,633

28,272

19,182

-3,109

-2,733

-6,342

-11,493

-4,092

-2,860

977

2,680

-1,752

3,359

250

-17,098

10,396

-25,359

-20,988

-14,780

-38,822

-38,857

0

0

0

-

-

0

0

Inventories

-9,035

-7,264

-10,090

18,639

32,301

25,391

29,514

8,880

-5,080

7,496

4,076

4,525

8,031

6,966

5,809

-7,461

-9,256

-11,147

4,215

712

-4,503

-11,363

-3,554

5,989

14,785

21,221

21,243

2,852

-1,881

-6

-162

0

0

0

Accounts payable

-7,092

-393

-16,696

-13,426

3,205

4,101

19,180

18,556

1,625

1,494

-8,316

-7,456

-4,157

-5,057

5,170

-1,934

-7,703

-17,287

3,814

10,043

-8,919

-10,552

-15,778

-3,758

27,184

26,538

26,298

-3,848

-16,666

-18

9

0

0

0

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-61

37

37

-25

139

122

0

0

0

Prepaid expenses and other assets

840

66

-241

-292

730

481

239

463

-322

-755

-977

-923

-1,015

-245

1,467

1,042

757

712

-1,496

-617

-74

212

2,324

4,712

5,526

3,738

3,854

750

-1,076

-20

2

0

0

0

Income taxes payable

-635

-371

-1,438

-136

694

562

-149

53

-104

89

983

643

583

395

1,448

-1,661

-1,760

-1,700

-147

2,962

4,581

4,704

109

110

-1,486

-9,780

0

0

0

-

-

-

-

-

Other liabilities

578

3,247

1,386

-268

6,414

6,432

2,745

3,626

-2,933

-5,535

559

791

1,102

2,071

1,220

-1,331

358

-310

1,147

1,253

-1,376

3,379

-3,972

1,853

-3,536

-3,194

0

0

0

-

-

-

-

-

Deferred officer compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-84

0

0

0

Warranty settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9

-10

-6

-7

-9

-7

0

0

0

Net cash provided by operating activities

15,938

39,374

26,195

34,080

45,166

42,249

37,485

23,112

8,016

3,418

4,344

6,580

6,620

-1,830

-1,070

-5,063

-7,812

-15,133

-13,683

-7,143

-6,060

-14,834

-14,129

-8,568

-2,822

13,226

14,402

20,519

22,143

-3,303

-2,752

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment

2,245

1,912

4,661

5,684

5,282

5,079

3,873

4,307

4,617

4,411

3,553

2,090

2,066

3,229

4,721

5,855

5,997

6,693

5,821

5,405

5,075

3,536

1,970

1,884

4,346

4,132

4,113

2,905

358

109

108

0

0

0

Cash acquired in business combination

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

Patent costs paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

277

260

426

384

310

295

0

0

0

Net cash used for investing activities

-14,912

-14,579

-17,328

-18,351

-5,282

-5,079

-3,873

-4,307

-4,617

-4,411

-3,553

-2,090

-2,066

-3,229

-4,721

-5,855

-5,997

-6,693

-5,821

-5,405

-5,075

557

2,086

2,172

-289

-4,168

-4,131

-2,943

-663

-420

-403

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings on revolving credit facilities

220,217

219,910

303,350

378,535

371,621

361,073

280,339

202,776

179,606

172,694

175,275

178,128

189,725

208,920

209,945

215,163

221,170

217,644

204,434

188,793

159,820

157,982

114,057

87,621

86,740

51,250

0

0

0

-

-

-

-

-

Repayment of revolving credit facilities

219,916

241,640

280,312

367,732

374,262

362,154

301,608

207,952

176,964

170,132

176,781

180,144

190,258

205,468

204,263

222,805

236,176

222,054

212,480

193,216

178,771

160,855

115,580

86,364

61,250

44,514

0

0

0

-

-

-

-

-

Repayment of capital leases

-

-

-

-

-

-

-

-

-

4

14

26

42

41

41

39

33

40

39

38

38

34

25

16

6

0

0

0

0

-

-

-

-

-

Repayment of term loan

-

-

-

-

-

14,985

3,689

4,705

5,132

2,647

1,844

2,031

2,808

4,011

6,751

6,189

5,626

4,423

1,282

641

0

14,500

23,750

33,750

37,500

26,750

0

0

0

-

-

-

-

-

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

325

330

352

3,595

4,258

4,235

0

0

0

-

-

-

-

-

-

-

-

731

648

888

1,205

1,618

1,643

1,186

650

91

1

0

0

0

-

-

-

-

Proceeds from sale of common stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

5,968

5,968

5,968

5,989

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock to satisfy employee tax withholding obligations

202

255

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt financing costs

-

-

-

-

-

612

478

478

248

73

350

394

581

1,155

1,484

2,858

2,633

2,134

1,629

326

339

1,683

1,491

2,397

2,422

1,003

0

0

0

-

-

-

-

-

Cash portion of loss on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,000

7,000

17,000

17,000

10,000

0

0

0

-

-

-

-

-

Net cash used for financing activities

-2,101

-24,180

-7,614

-21,249

-34,107

-35,129

-27,870

-11,015

-2,738

-162

-3,714

-4,467

-3,985

4,213

6,133

9,216

14,686

21,134

18,452

7,266

8,318

15,969

13,047

14,467

7,964

-6,173

-11,333

-22,472

-27,064

8,040

8,191

0

0

0

Effect of exchange rate changes on cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

0

61

-

119

53

-184

-85

-139

-156

210

-102

-290

-656

-594

-293

128

646

312

184

0

0

0

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

0

722

-

-2,804

76

385

-931

203

-1,858

1,087

-794

-1,342

-5,938

-3,411

1,399

976

8,561

5,008

2,912

-1,034

-5,004

-5,584

4,316

5,035

0

0

0

SUPPLEMENTAL DISCLOSURE OF INFORMATION
Cash paid for interest

662

769

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

1,944

-

1,943

1,979

1,998

2,053

2,225

2,185

2,000

1,731

2,407

2,185

2,945

3,209

1,783

2,385

2,188

2,350

2,349

0

0

0

-

-

-

-

Cash paid for income taxes

0

-

-

-

-

-

-

-

0

-

0

0

0

0

16

16

16

16

364

527

540

554

190

121

703

8,224

0

0

0

-

-

-

-

-

Reclassification of financial instrument obligation

-

6,248

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issued for technology purchased from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

975

0

0

0

Payable to a related party for technology purchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0