Hemisphere media group, inc. (HMTV)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Reconciliation of Net Loss to Net Cash Provided by Operating Activities:
Net loss

-3,471

-10,797

-13,436

18,000

13,739

-

-

-

-

Net income

-

-

-

-

-

10,557

-4,297

11,030

7,604

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

12,533

16,081

16,228

16,608

17,218

16,552

8,762

3,723

3,425

Program amortization

13,648

12,509

11,806

12,182

11,703

10,370

9,322

7,371

5,981

Amortization of deferred financing costs and original issue discount

580

591

620

879

886

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

507

604

858

679

Amortization of original issue discount

-

-

-

-

-

310

106

-

-

Stock-based compensation

4,808

3,933

4,068

4,691

5,575

5,920

7,192

-

-

Provision for bad debts

-

-

-

-

-

462

165

-10

-

Provision for bad debts

135

417

756

398

920

-

-

-

202

Deferred tax expense

3,593

1,040

14,473

-5,429

-2,838

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-1,116

-1,649

-

-

Deferred tax expense

-

-

-

-

-

-2,264

1,029

1,719

2,809

Loss on equity method investments

-30,271

-35,206

-11,885

-

-

-

-

-

-

Gain on disposition of assets

22

38

23

-6

-33

-70

-199

1

39

Loss on impairment of fixed assets

-

-

546

-

-

-

-

-

-

Gain from insurance proceeds

-

-

-3,250

-

-

-

-

-

-

Gain from FCC repack

1,717

1,477

-

-

-

-

-

-

-

Amortization of operating lease right-of-use assets

486

-

-

-

-

-

-

-

-

Gain from insurance proceeds

1,661

2,080

-

-

-

-

-

-

-

Excess tax benefits

-

-

-

-210

-272

-

-

-

-

Changes in assets and liabilities:
Decrease (increase) in:
Accounts receivable

993

7,402

-4,803

453

1,676

7,430

1,030

7

2,417

Due from related parties

-

-

-

-217

388

1,398

-

-

-

Programming rights

14,087

19,322

15,149

15,073

12,619

9,715

10,543

7,970

7,311

Prepaids and other assets

6,235

-2,239

7,006

3,029

-3,487

4,397

2,966

943

-95

Due from related parties, net

613

60

-

-

-

-

-

-

-

(Decrease) increase in:
Accounts payable

-590

-1,209

-60

1,062

287

610

563

-55

-241

Due to related parties, net

-

-

808

-769

395

49

-1,005

-

-

Other accrued expenses

-1,819

3,435

-2,829

-

-

-

-

-

-

Accrued expenses

-

-

-

-578

4,206

3,400

-3,943

1,040

2,037

Programming rights payable

2,005

1,163

621

-1,391

452

-1,418

789

36

439

Income taxes payable

-2,265

2,240

-1,595

-

-

-120

-49

-157

-77

Taxes payable

-

-

-

-103

705

-

-

-

-

Other liabilities

1,033

321

2,445

227

107

93

446

-145

435

Excess tax benefits

-

-

-

-210

-272

-

-

-

-

Net cash provided by operating activities

35,619

36,790

25,711

27,655

42,464

-

-

-

-

Cash Flows From Investing Activities:
Funding of equity method investments

31,747

53,782

-

-

-

-

-

-

-

Investments in joint ventures

-

-

39,986

111

-

-

-

-

-

Capital expenditures

5,376

10,628

2,496

3,392

5,358

2,971

1,802

3,800

2,122

Net cash provided by operating activities

-

-

-

-

-

23,274

6,993

16,489

13,621

Proceeds from sale of assets

-

-

-

10

3

10

16

50

39

Insurance proceeds

1,661

2,080

3,250

-

-

-

-

-

-

FCC repack proceeds

1,717

1,477

-

-

-

-

-

-

-

Net payment for the acquisition of Snap Media

-

772

-

-

-

-

-

-

-

Net cash used in investing activities

-33,745

-61,625

-39,232

-3,493

-5,355

-

-

-

-

Cash Flows From Financing Activities:
Acquisition of cable networks

-

-

-

-

-

101,891

-

-

-

Net cash used in investing activities

-

-

-

-

-

-104,852

-1,786

-3,750

-2,083

Transaction proceeds, net

-

-

-

-

-

-

82,437

-

-

Proceeds from long-term debt

-

-

-

-

-

70,565

173,250

-

19,194

Repayments of long-term debt

2,133

2,133

2,133

8,278

2,250

21,941

89,984

7,338

1,650

Distributions

-

-

-

-

-

-

-

5,500

24,000

Purchases of common stock

2,175

2,873

22,234

31,925

1,183

1,023

938

-

-

Proceeds from exercise of options

107

-

-

155

157

-

-

-

-

Financing fees

-

-

1,114

-

-

756

3,459

-

-

Proceeds from issuance of stock

-

-

-

-

5,407

-

-

-

-

Repurchase of warrants

-

-

-

976

1,778

-

-

-

-

Proceeds from exercise of warrants

-

20

211

420

60

1

-

-

-

Net cash used in financing activities

-4,201

-4,986

-25,270

-40,604

413

-

-

-

-

Net increase (decrease) in cash

-2,327

-29,821

-38,791

-

-

-

-

-

-

Net decrease in cash

-

-

-

-16,442

37,522

-

-

-

-

Excess tax benefits

-

-

-

-

-

120

25

-

-

Net cash used in financing activities

-

-

-

-

-

46,966

161,331

-12,838

-6,456

Net increase (decrease) in cash

-

-

-

-

-

-34,612

166,538

-99

5,082

Supplemental Disclosures of Cash Flow Information:
Cash payments for:
Interest

12,863

10,574

10,368

10,911

11,305

-

-

-

-

Interest

-

-

-

-

-

11,171

5,419

2,917

2,015

Income taxes

13,459

8

10,139

15,023

5,812

4,438

4,034

5,514

1,195

Non-cash investing activity:
Acquisition financed in part by treasury shares

588

1,397

-

-

-

-

-

-

-

Non-cash financing activity:
Cashless exercise of options issued from treasury shares

47

-

-

-

-

-

-

-

-

Distributions, net of withholding taxes

-

-

-

-

-

-

-

4,950

23,214

Interest

-

-

-

-

-

-

-

-

124

Financing costs

-

-

-

-

-

-

-

-

3,581

Total

-

-

-

-

-

-

-

-

3,705