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

-15,267

36,730

18,544

15,197

14,494

18,964

15,686

20,196

24,621

26,491

22,895

22,027

19,345

13,109

11,918

8,303

3,495

1,465

1,709

-594

927

423

-382

916

-892

-8,160

0

0

0

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

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based Payment Arrangement, Expense

-

-

-

-

-

-

-

-

-

-

-

-

-

3,792

1,725

1,646

1,789

1,364

1,847

2,376

2,110

2,454

3,628

4,360

5,927

6,296

0

0

0

Loss on extinguishment of debt and amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

1,265

-660

-92

-110

1,103

0

0

0

-

-

-

-

Loss on disposal of assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for allowance for doubtful accounts

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on deconsolidation of variable interest entity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

189

0

0

0

-

-

-

-

-

-

-

-

Gain on sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

0

0

0

-

-

-

-

Asset Impairment Charges

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, Depletion and Amortization, Nonproduction

15,055

11,842

8,720

5,185

4,766

4,799

4,741

4,499

4,271

4,044

3,840

3,647

3,452

3,249

3,066

2,918

2,905

2,954

2,899

3,119

2,746

2,367

2,123

1,639

1,474

1,313

0

0

0

Deferred financing costs

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-1,520

-2,271

-1,661

-1,942

0

0

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Increase in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,939

10,473

7,470

1,993

-267

-556

680

1,322

1,713

1,552

-115

752

0

0

0

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

8,754

1,565

1,304

988

-185

-171

1,027

195

-572

533

490

416

1,391

456

-58

-203

-386

-930

0

0

0

-

-

-

-

-

-

-

-

Decrease (increase) in advanced commissions

12,621

17,427

2,109

-200

2,291

-6,288

4,352

839

-4,548

2,548

-3,683

-2,097

-867

12,470

0

0

0

-

-

-

-

3,377

4,048

2,011

4,192

2,171

0

0

0

Increase in secured distributor financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Increase in accounts receivable, prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Increase in income taxes receivable

23,018

18,210

12,470

0

-633

0

2,542

-1,282

-1,012

0

0

1,282

1,549

-591

-568

-211

-19

579

36

-62

-315

-383

0

0

0

-

-

-

-

Increase in right-of-use asset

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in contract asset

56,044

82,147

54,006

47,472

65,135

59,989

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in lease liability

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

830

0

0

0

-

-

-

-

Decrease in accounts payable, accrued expenses and other liabilities

18,033

16,818

-4,730

1,480

3,085

3,078

11,709

2,747

1,117

7,015

8,213

6,996

4,718

10,080

9,593

10,510

13,193

6,321

-8,012

-7,102

-5,924

-3,870

5,915

2,896

577

830

0

0

0

(Decrease) increase in commission payable

-24,569

-10,148

16,858

14,370

43,188

33,856

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in income taxes payable, net

-18,038

-15,586

-980

10,608

14,817

14,799

-206

1,239

3,221

-1,334

-100

-296

0

2,121

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

Decrease in deferred revenue

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in deferred revenue

-

-

-

-

-

-

-

-

-

-

0

0

25

-

73

12

301

320

80

-93

-460

-911

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

9,233

244

455

192

132

0

0

0

-

-

-

-

423

0

0

0

Net cash used in operating activities

-43,148

-37,657

-12,948

-3,327

12,966

21,772

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

0

0

-

5,867

-11,348

-15,530

-11,261

-4,046

805

2,540

3,700

5,121

5,391

2,447

-1,242

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investing activities:
Issuance of note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Capitalized internal-use software and website development costs

1,802

1,616

1,543

1,575

1,346

1,601

2,142

2,426

2,857

2,956

2,794

2,853

2,975

3,052

2,931

2,597

2,156

1,783

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of available-for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

461

461

33,020

0

0

0

-

-

-

-

Maturities of held-to-maturity investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,876

0

0

0

-

-

-

-

Acquisition of available-for-sale security

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,000

11,586

18,000

18,000

15,000

0

0

0

Purchases of property and equipment

1,480

1,160

438

675

609

613

804

685

608

509

260

99

71

61

73

102

134

156

204

175

196

291

240

228

213

143

0

0

0

Payments of contingent acquisition consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,800

0

0

0

-

-

-

-

Net cash used in investing activities

-62,310

-60,804

-60,009

-49,569

-1,955

-2,214

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing activities:
Acquisitions of held-to-maturity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Payments for deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

649

1,126

651

158

0

0

0

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-759

-484

-45

-247

-938

-21,271

-19,796

-1,222

-3,294

6,725

4,021

-32,565

0

0

0

Financing activities:
Proceeds from borrowings under credit agreement

202,000

234,000

223,412

213,094

65,000

15,000

0

0

0

-

-

-

-

7,500

12,500

15,000

15,000

7,500

0

0

0

-

-

-

-

-

-

-

-

Payments for long-term debt and noncompete obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Payments for equity issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,643

0

0

0

Payments on borrowings under credit agreement

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Payments related to tax withholding for share-based compensation

3,402

2,820

3,044

4,994

5,297

4,415

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class A common stock withheld in treasury from restricted share vesting

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class A common stock withheld in treasury from restricted share vesting

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuances of Class A common stock under equity compensation plans

-

-

-

-

-

6

7

17

27

33

51

39

28

19

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuances of Class A common stock from treasury

-

-

-

-

-

-

-

-

-

-

-

-

-

21

17

105

49

0

0

0

0

-

-

-

-

-

-

-

-

Purchases of Class A common stock pursuant to share repurchase plan

18,644

63,916

100,297

115,998

101,155

55,883

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for contingent acquisition consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

547

820

1,079

2,426

2,603

0

0

0

-

-

-

-

-

-

-

-

Withholdings of restricted stock awards held in treasury

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Payments for noncompete obligation

-

-

-

-

-

-

-

-

-

96

144

192

192

192

192

192

191

192

144

136

126

121

0

0

0

-

-

-

-

Contributions (distributions)

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Distributions to member

-

-

-

-

-

4,094

2,996

1,966

5,142

5,477

7,228

6,422

3,200

1,996

143

283

546

872

857

913

578

1,180

1,766

1,627

2,222

2,245

0

0

0

Net cash provided by financing activities

103,575

94,021

51,449

21,660

-45,358

-49,386

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

0

0

0

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

0

0

-

1,281

12,417

11,728

3,218

-2,210

-4,935

-3,350

-3,547

-6,207

-6,010

-6,232

50,111

0

0

0

Net decrease in cash and cash equivalents, and restricted cash

-1,883

-4,440

-21,508

-31,236

-34,347

-29,828

-9,533

22,420

27,409

30,457

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,389

585

-3,847

-8,290

-7,194

-25,401

-20,606

-1,069

-4,380

6,106

236

16,304

0

0

0

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

7,091

-8,616

-7,480

-14,337

-6,290

-8,048

-20,700

-20,701

-28,745

-14,374

14,374

14,374

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

9,112

9,230

11,858

13,468

7,489

10,299

8,848

6,643

6,293

5,310

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing activities:
Interest

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Capitalized software and website development costs included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Share-based Payment Arrangement, Amount Capitalized

412

434

506

478

498

587

433

343

188

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized software and website development costs included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in due to member related to Exchange Agreement

8,114

3,610

3,610

1,004

10,993

10,476

10,475

9,988

-1

18,618

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in deferred tax asset related to Exchange Agreement

-3,896

-2,976

-2,891

-1,152

-12,270

-11,661

-11,661

-11,118

0

-20,732

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

20,105

7,981

7,896

1,906

11,081

9,232

9,232

9,175

3

16,487

16,487

16,487

16,484

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Exchange of Class B membership interests related to Exchange Agreement

7,091

-8,616

-7,480

-14,337

-6,290

-8,048

-20,700

-20,701

-28,745

-14,374

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

0

0

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized offering costs in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0