Benefytt technologies, inc. (HIIQ)
CashFlow / Quarterly
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'13
Operating activities:
Operating activities
Net (loss) income

-49,815

26,479

4,839

3,230

2,182

8,293

1,492

2,527

6,652

5,015

6,002

6,952

8,522

1,419

5,134

4,270

2,286

228

1,519

-538

256

472

-784

983

-248

-333

514

-825

-7,516

Adjustments to reconcile net (loss) income to net cash used in operating activities:
Stock-based compensation

2,627

-

2,987

2,917

1,816

-

4,343

3,527

2,633

-

2,682

934

821

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based Payment Arrangement, Expense

-

-

-

-

-

-

-

-

-

-

-

-

-

2,430

393

483

486

363

314

626

61

846

843

360

405

2,020

1,575

1,927

774

Loss on extinguishment of debt and amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

78

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

2,881

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

2,089

-438

105

-491

164

130

87

722

-

-

-

-

Loss on disposal of assets

-73

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for allowance for doubtful accounts

116

-

-

-

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on deconsolidation of variable interest entity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

189

-

-

-

-

-

-

-

-

Gain on sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

20

-

-

-

-

Asset Impairment Charges

41,076

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, Depletion and Amortization, Nonproduction

4,345

4,266

4,805

1,639

1,132

1,144

1,270

1,220

1,165

1,086

1,028

992

938

882

835

797

735

699

687

784

784

644

907

411

405

400

423

246

244

Deferred financing costs

202

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-4,838

-

-

-

191

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-172

370

262

-

317

453

309

-

-27

-139

-110

-1,244

-778

471

-391

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Increase in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,225

3,631

4,145

2,388

309

628

-1,332

128

20

1,864

-690

519

-141

197

177

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

6,914

-308

1,270

878

-275

-569

954

-295

-261

629

122

-1,062

844

586

48

-87

-91

72

-97

-270

-635

-

-

-

-

-

-

-

-

Decrease (increase) in advanced commissions

-4,610

17,217

2,126

-2,112

196

1,899

-183

379

-8,383

12,539

-3,696

-5,008

-1,287

6,308

-2,110

-3,778

12,050

-

-

-

-

365

878

-130

2,264

1,036

-1,159

2,051

243

Increase in secured distributor financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,924

-

-

-

-

-

-

-

-

Increase in accounts receivable, prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

335

359

Increase in income taxes receivable

4,808

3,198

15,012

0

0

-2,542

2,542

-633

633

0

-1,282

-363

1,645

0

0

-96

-495

23

357

96

103

-520

259

-157

35

-

-

-

-

Increase in right-of-use asset

16,072

-

-

-

639

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in contract asset

-12,776

82,437

4,923

-18,540

13,327

54,296

-1,611

-877

8,181

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in lease liability

15,893

-

-

-

538

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

255

-641

213

1,003

-

-

-

-

Decrease in accounts payable, accrued expenses and other liabilities

-5,353

18,250

4,137

999

-6,568

-3,298

10,347

2,604

-6,575

5,333

1,385

974

-677

6,531

168

-1,304

4,685

6,044

1,085

1,379

-2,187

-8,289

1,995

2,557

-133

1,496

-1,024

238

120

(Decrease) increase in commission payable

-8,034

18,908

-9,617

-25,826

6,387

45,914

-12,105

2,992

-2,945

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in income taxes payable, net

0

0

-11,847

-6,191

2,452

14,606

-259

-1,982

2,434

-399

1,186

0

-2,121

835

990

296

0

-

-

-

-

-

-

-

-

-

-1,221

128

1,167

Decrease in deferred revenue

-

-

-

-

-

-

-

-

-394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in deferred revenue

-

-

-

-

-

-

-

-

-

-

-41

-178

46

-

66

-291

67

231

5

-2

86

-9

-168

-369

-365

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

8,775

29

244

185

-214

240

-19

125

-

-

-

-

49

15

-18

377

Net cash used in operating activities

-11,235

-23,012

-5,686

-3,215

-5,744

1,697

3,935

13,078

3,062

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

16,560

6,636

-

14,890

4,686

-7,275

-6,434

-2,325

504

-3,006

781

2,526

2,239

-1,846

2,202

2,796

-705

-5,535

Investing activities:
Business Combination Consideration Transferred Amount Held Back And Then Released

1,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investing activities:
Issuance of note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-30

0

-1,014

-

-

-

-

-

-

-

-

Capitalized internal-use software and website development costs

501

384

378

539

315

311

410

310

570

852

694

741

669

690

753

863

746

569

419

422

373

-

-

-

-

-

-

-

-

Proceeds from sale of available-for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

461

0

0

0

33,020

-

-

-

-

Maturities of held-to-maturity investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,382

692

1,579

3,223

-

-

-

-

Acquisition of available-for-sale security

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

18,000

-6,414

6,414

0

15,000

Purchases of property and equipment

429

801

74

176

109

79

311

110

113

270

192

33

14

21

31

5

4

33

60

37

26

81

31

58

121

30

19

43

51

Payments of contingent acquisition consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

450

450

450

450

-

-

-

-

Net cash used in investing activities

-1,930

-1,185

-11,161

-48,034

-424

-390

-721

-420

-683

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing activities:
Acquisitions of held-to-maturity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,615

3,906

Payments for deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-475

475

500

149

2

0

7

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-774

-683

-

-784

-868

-750

1,643

-509

-429

-952

952

-20,842

1,046

17,622

-1,120

-10,823

-1,658

-18,964

Financing activities:
Proceeds from borrowings under credit agreement

18,000

25,588

10,318

148,094

50,000

15,000

0

0

0

-

-

-

-

0

0

0

7,500

5,000

2,500

0

0

-

-

-

-

-

-

-

-

Payments for long-term debt and noncompete obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56

38

3,372

Payments for equity issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,643

Payments on borrowings under credit agreement

3,875

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

38

482

-

-

-

-

-

-

-

-

Payments related to tax withholding for share-based compensation

1,500

691

240

971

918

915

2,190

1,274

36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class A common stock withheld in treasury from restricted share vesting

-

-

-

-

-

-

-

-

-

-

-

-

-185

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class A common stock withheld in treasury from restricted share vesting

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-25

-

-

-

-

-

-

-

-

-

-

-

-

Issuances of Class A common stock under equity compensation plans

-

-

-

-

-

0

2

1

3

1

12

11

9

19

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuances of Class A common stock from treasury

-

-

-

-

-

-

-

-

-

-

-

-

-

4

1

2

14

0

89

-54

-35

-

-

-

-

-

-

-

-

Purchases of Class A common stock pursuant to share repurchase plan

0

0

0

18,644

45,272

36,381

15,701

3,801

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for contingent acquisition consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15

259

273

273

274

1,606

450

-

-

-

-

-

-

-

-

Withholdings of restricted stock awards held in treasury

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

117

-

-

-

-

Payments for noncompete obligation

-

-

-

-

-

-

-

-

-

0

0

48

48

48

48

48

48

48

48

47

49

0

40

37

44

-

-

-

-

Contributions (distributions)

88

-

-

-

-677

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Distributions to member

-

-

-

-

-

1,257

1,854

121

862

159

824

3,297

1,197

1,910

18

75

-7

57

158

338

319

42

214

3

921

628

75

598

944

Net cash provided by financing activities

12,687

18,989

10,076

61,823

3,133

-23,583

-19,713

-5,195

-895

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6

10

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-3,334

-1,421

-

-9,116

-1,394

7,175

4,616

2,020

-2,083

-1,335

-812

-705

-498

-1,532

-3,472

-508

-720

54,811

Net decrease in cash and cash equivalents, and restricted cash

-478

-5,208

-6,771

10,574

-3,035

-22,276

-16,499

7,463

1,484

-1,981

15,454

12,452

4,532

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,990

2,424

-850

-175

-814

-2,008

-5,293

921

-19,021

2,787

14,244

-2,390

-8,535

-3,083

30,312

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

17,465

-17,232

6,858

0

1,758

-16,096

1

8,047

0

-28,748

0

3

14,371

0

0

0

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:
Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Income taxes, net

41

20

720

8,331

159

2,648

2,330

2,352

2,969

1,197

125

2,002

1,986

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

1,883

-

-

-

212

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing activities:
Interest

-

-

-

-

-

-

-

-

-

-

-

6

4

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Capitalized software and website development costs included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-50

-20

120

-

-

-

-

-

-

-

-

Share-based Payment Arrangement, Amount Capitalized

77

82

118

135

99

154

90

155

188

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

-73

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized software and website development costs included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

-

-

-

-

-

-

-

-

-

-

-

-

Change in due to member related to Exchange Agreement

5,021

0

3,093

0

517

0

487

9,989

0

-1

0

0

18,619

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in deferred tax asset related to Exchange Agreement

-1,529

-85

-2,282

0

-609

0

-543

-11,118

0

0

0

0

-20,732

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in due to member related to Exchange Agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in deferred tax asset related to Exchange Agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

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

13,973

85

6,047

0

1,849

0

57

9,175

0

0

0

3

16,484

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Exchange of Class B membership interests related to Exchange Agreement

17,465

-17,232

6,858

0

1,758

-16,096

1

8,047

0

-28,748

0

3

14,371

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-1,330

1,565

-

-

-

-

-

-

-2,695

2,695

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized offering costs in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

352