Benefytt technologies, inc. (HIIQ)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Operating activities:
Operating activities
Net (loss) income

36,730

18,964

26,491

13,109

1,465

423

-8,160

3,260

Adjustments to reconcile net (loss) income to net cash used in operating activities:
Share-based Payment Arrangement, Expense

10,595

12,583

7,404

3,792

1,364

2,454

6,296

-

Loss on extinguishment of debt

-

-

-

-

-

-

-71

-

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

-3,472

0

0

15

1,265

1,103

453

-

Provision for allowance for doubtful accounts

1,200

137

0

-

-

-

-

-

Deferred income taxes related to the Tax Act

0

-250

12,610

0

-

-

-

-

Gain on deconsolidation of variable interest entity

-

-

-

-

189

-

-

-

Gain on sale of available-for-sale securities

-

-

-

-

-

20

-

-

Asset Impairment Charges

-

-

-

-

1,013

-

-

-

Depreciation, Depletion and Amortization, Nonproduction

11,842

4,799

4,044

3,249

2,954

2,367

1,313

1,012

Deferred financing costs

307

0

0

-

-

-

-

-

Deferred income taxes

34,665

-14,135

1,343

-8,539

-

-

-

-

Deferred income taxes

-

-

-

-

-1,942

-440

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

7

44

Changes in operating assets and liabilities:
Increase in restricted cash

-

-

-

-

1,993

1,322

752

-

(Increase) decrease in accounts receivable, prepaid expenses and other assets

1,565

-171

533

456

-930

-

-

-

Increase in cash held on behalf of others

-

-

-

-

-

-

-

809

Decrease (increase) in advanced commissions

17,427

-6,288

2,548

12,470

19,792

3,377

2,171

273

Decrease in gateway processor deposit

-

-

-

-

-

-

-

-400

Increase in accounts receivable, prepaid expenses and other assets

-

-

-

-

-

-

-

157

Increase in income taxes receivable

18,210

0

0

-591

579

-383

395

-

Decrease (increase) in contract asset

82,147

59,989

0

0

-

-

-

-

(Increase) decrease in accounts receivable, prepaid expenses and other assets

-

-

-

-

-

830

-488

-

Decrease in accounts payable, accrued expenses and other liabilities

16,818

3,078

7,015

10,080

6,321

-3,870

830

919

(Decrease) increase in commission payable

-10,148

33,856

3,101

1,880

-

-

-

-

Increase in income taxes payable, net

-15,586

14,799

-1,334

2,121

0

-

-

-

Decrease in deferred revenue

-

-

-

46

-

-

-

-

Increase in carriers and vendors payable

-

-

-

-

-

-

-

-536

(Decrease) increase in commissions payable

-

-

-

-

-

-

-

277

Decrease in deferred revenue

-

-

-

-

320

-911

614

259

Decrease in due to member

-

-

-

-

-

-

-

-126

(Decrease) increase in due to member pursuant to tax receivable agreement

-1,259

1,471

-531

9,233

132

-

423

-

Decrease in due to member related to the Tax Act

0

0

-11,800

0

-

-

-

-

Net cash used in operating activities

-37,657

21,772

45,227

22,651

-

-

-

5,342

Net cash provided by operating activities

-

-

-

-

-11,261

3,700

-1,242

-

Investing activities:
Proceeds from note receivable

-

-

-

-

1,231

-

-

-

Maturities of held-to-maturity investments

-

-

-

-

-461

-

-

-

Business acquisitions, net of cash acquired

49,895

0

0

-

-

22,327

9,909

-

Acquisition of domain name

8,133

0

0

-

-

-

-

-

Capitalized internal-use software and website development costs

1,616

1,601

2,956

3,052

1,783

-

-

-

Proceeds from sale of available-for sale securities

-

-

-

-

-

33,020

-

-

Acquisitions of held-to-maturity investments

-

-

-

-

-

-

9,863

-

Maturities of held-to-maturity investments

-

-

-

-

-

6,876

2,526

-

Acquisition of available-for-sale security

-

-

-

-

-

18,000

15,000

-

Purchases of property and equipment

1,160

613

509

61

156

291

143

141

Payments of contingent acquisition consideration

-

-

-

-

-

1,800

1,450

-

Net cash used in investing activities

-60,804

-2,214

-3,465

-3,113

-

-

-

-251

Financing activities:
Loans to distributors

-

-

-

-

-

-

156

245

Proceeds from repayment of loan to distributors

-

-

-

-

-

-

-174

135

Payments for deposits

-

-

-

-

-

500

158

-

Net cash used in investing activities

-

-

-

-

-247

-1,222

-32,565

-

Financing activities:
Proceeds from borrowings under credit agreement

234,000

15,000

0

7,500

7,500

-

-

-

Payments for equity issuance

-

-

-

-

-

-

1,643

1,009

Repayment on borrowings of debt

-

-

-

-

-

-

3,506

768

Payments on borrowings under credit agreement

70,676

0

0

15,000

0

-

-

-

Purchase of Series B Membership interests

-

-

-

-

-

20,959

1,400

-

Payments related to tax withholding for share-based compensation

2,820

4,415

842

160

-

-

-

-

Class A common stock withheld in treasury from restricted share vesting

-

-

-

-

-95

-

-

-

Issuances of Class A common stock under equity compensation plans

0

6

33

19

0

-

-

-

Issuances of Class A common stock from treasury

-

-

-

21

0

-

-

-

Purchases of Class A common stock pursuant to share repurchase plan

63,916

55,883

4,923

0

520

-

-

-

Payments for contingent acquisition consideration

-

-

-

547

2,603

-

-

-

Proceeds from note payable

-

-

-

-

-

-

-

100

Repayments of notes payable

-

-

-

-

-

-

-

67

Payments for noncompete obligation

0

0

96

192

192

121

-

62

Payments under capital leases

-

-

-

-

-

-

-

8

Distributions to member

2,567

4,094

5,477

1,996

872

1,180

2,245

3,237

Net cash provided by financing activities

94,021

-49,386

-11,305

-10,355

-

-

-

-4,959

Acquisition of noncontrolling interest in subsidiary

-

-

-

-

-

-

90

-

Contributions from noncontrolling interests

-

-

-

-

-

-

16

92

Net cash used in financing activities

-

-

-

-

3,218

-3,547

50,111

-

Net decrease in cash and cash equivalents, and restricted cash

-4,440

-29,828

30,457

9,183

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-8,290

-1,069

16,304

132

Supplemental cash flow information:
Exchange of Class B membership interests related to Exchange Agreement

-8,616

-8,048

-14,374

0

-

-

-

-

Declared but unpaid distribution to member of Health Plan Intermediaries Holdings, LLC

-

-

-

-

0

-

-

-

Supplemental cash flow information:
Cash paid during the period for:
Cash paid during the period for:
Income taxes, net

9,230

10,299

5,310

801

-

154

413

-

Interest

4,721

1

2

0

-

-

-

-

Non-cash investing activities:
Interest

-

-

-

-

-

-

17

198

Business acquisition - equity consideration

11,784

0

0

-

-

-

-

-

Business acquisition - contingent consideration

65,171

0

0

-

-

-

-

-

Business acquisition - cash withheld by HIIQ to fund post-closing adjustments

2,305

0

0

-

-

-

-

-

Share-based Payment Arrangement, Amount Capitalized

434

587

0

0

-

-

-

-

Loss on disposal of assets

-

-

-

0

-

-

-

-

Non-cash financing activities:
Loss on disposal of assets

-

-

-

0

-

-

-

-

Change in due to member related to Exchange Agreement

3,610

10,476

18,618

0

-

-

-

-

Change in deferred tax asset related to Exchange Agreement

-2,976

-11,661

-20,732

0

-

-

-

-

Issuance of Class A common stock in a private offering related to Exchange Agreement

7,981

9,232

16,487

0

-

6,734

-

-

Exchange of Class B membership interests related to Exchange Agreement

-8,616

-8,048

-14,374

0

-

-

-

-

Declared but unpaid distribution to member of Health Plan Intermediaries Holdings, LLC

0

6,666

638

2,761

-

-

-

-

Reversal of accrued distribution to member of Health Plan Intermediaries Holdings, LLC due to adoption of Sec. 451 (b) proposed regulations

-6,901

0

0

-

-

-

-

-

Contingent consideration for business acquisition

-

-

-

-

-

1,263

3,876

-

Proceeds receivable from sale of available-for-sale security

-

-

-

-

-

-

15,000

-

Declared but unpaid distribution to member of Health Plan Intermediaries, LLC

-

-

-

-

-

-

916

773

Capitalized offering costs in accounts payable and accrued expenses

-

-

-

-

-

-

-

810

Purchase of insurance through premium financing agreement

-

-

-

-

-

-

-

21