Hemisphere media group, inc. (HMTV)
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'14
Reconciliation of Net Loss to Net Cash Provided by Operating Activities:
Net loss

-9,543

3,779

-3,169

-2,348

-1,733

2,922

-1,054

-5,106

-7,559

-22,044

682

5,181

2,745

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,700

-

2,911

3,432

2,462

4,327

664

5,318

248

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

3,131

3,329

2,581

2,556

4,067

4,041

4,023

4,020

3,997

4,005

4,041

4,067

4,115

4,108

4,083

4,061

4,356

4,289

4,283

4,265

4,381

4,475

4,667

4,832

2,578

Program amortization

3,311

3,364

3,331

3,697

3,256

3,552

3,420

3,047

2,490

2,234

2,773

3,336

3,463

3,172

3,020

2,949

3,041

3,273

2,849

2,712

2,869

2,884

2,609

2,433

2,444

Amortization of deferred financing costs and original issue discount

147

146

144

145

145

151

144

150

146

145

146

148

181

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

126

124

127

127

126

127

127

Amortization of original issue discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95

95

94

-

96

95

96

96

86

64

64

Stock-based compensation

1,280

1,273

2,175

443

917

966

969

1,002

996

964

982

1,052

1,070

2,169

533

590

1,399

1,452

1,436

1,362

1,325

1,314

1,390

1,702

1,514

Provision for bad debts

600

27

-111

135

84

243

45

45

84

708

17

30

1

136

-59

257

64

143

108

571

98

-

577

106

84

Deferred tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,122

0

341

-

-

-

-

-

-

-

-

Loss on equity method investments

-7,019

-6,223

-6,888

-9,784

-7,376

-7,928

-8,657

-8,826

-9,795

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of equity method investment

5,479

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition of assets

-

-

-

-

-

-5

5

35

3

-

-

-

-

0

9

-16

1

-2

0

-34

3

0

-56

-16

2

Gain from FCC repack

9

40

131

84

1,462

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of operating lease right-of-use assets

115

129

129

110

118

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

543

2,095

-2,424

4,233

-2,911

-254

2,057

3,113

2,486

-4,528

2,335

-1,177

-1,433

1,332

-778

468

-569

2,026

164

912

-1,426

2,878

-135

6,275

-1,588

Due from related parties

-

-

-

-

-

-

-

-

-

-

-

277

-99

206

-138

-400

115

274

52

536

-474

1,194

248

-2,471

2,427

Programming rights

3,657

5,195

2,846

2,146

3,900

4,881

5,178

5,774

3,489

1,703

3,486

3,449

6,511

2,319

3,318

4,599

4,837

3,192

2,076

2,388

4,963

2,746

1,077

6,119

-227

Prepaids and other assets

1,593

3,524

-96

635

2,172

-163

-1,721

-2,300

1,945

6,661

-2,303

4,341

-1,693

-467

1,380

1,614

502

-4,950

865

1,905

-1,307

-1,882

2,290

3,689

300

Due from related parties, net

-580

-

-

-

-131

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in:
Accounts payable

612

-

-

-

1,256

-

-

-

838

-1,569

2,111

150

-752

1,188

-141

-409

424

530

-19

-187

-37

182

-453

785

96

Due to related parties, net

-

-

-

-

-

-

424

463

444

369

66

287

86

82

-217

-808

174

191

585

-184

-197

194

-502

317

40

Other accrued expenses

1,060

1,862

1,913

1,301

-6,895

3,472

1,933

2,966

-4,936

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-208

1,567

-6,569

1,854

2,341

2,820

-7,593

1,651

4,292

3,699

-5,436

3,685

2,623

3,001

-5,909

Programming rights payable

2,267

996

-271

-44

1,324

-2,030

1,593

865

735

-755

-585

957

1,004

-1,268

-1,745

1,250

372

112

-570

-1,232

2,142

-535

-1,497

703

-89

Income taxes payable

-

0

0

-3,467

1,202

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes payable

-

-

-

-

-

-

-

-

-

-

-20

-2,811

1,248

1,562

-1,092

-1,698

1,125

-

-

-

-

-

-

-

-

Other liabilities

-75

-638

-70

344

1,397

186

45

-2,527

2,617

2,694

22

22

-293

77

50

50

50

40

-34

50

51

-18

59

40

12

Net cash provided by operating activities

10,181

11,574

12,214

3,809

8,022

16,235

11,832

6,999

1,724

6,122

9,599

6,977

3,013

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flows From Investing Activities:
Funding of equity method investments

6,449

4,386

5,430

8,135

13,796

16,835

12,069

10,075

14,803

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

349

451

622

1,389

2,914

564

3,892

4,476

1,696

517

1,120

775

84

465

1,013

736

1,178

1,473

2,037

1,543

305

961

614

709

687

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,786

-

13,186

9,914

6,122

11,412

8,603

2,964

295

Proceeds from sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

0

8

1

1

0

0

0

3

0

0

3

7

FCC repack proceeds

9

40

131

84

1,462

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-6,789

-3,136

-5,921

-9,440

-15,248

-17,260

-13,315

-14,551

-16,499

-10,397

-13,747

-15,004

-84

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flows From Financing Activities:
Acquisition of cable networks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

101,891

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,177

-

-2,037

-1,543

-302

-961

-614

-706

-102,571

Repayments of long-term debt

534

533

533

533

534

0

0

0

2,133

533

533

534

533

0

0

0

8,278

562

563

562

563

563

20,503

437

438

Purchases of common stock

-

981

14

667

513

429

563

1,847

34

-

-

-

-

79

29

30,482

1,335

-

-

-

-

-

-

-

-

Proceeds from exercise of options

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

155

-

-

-

-

-

-

-

-

Financing fees

-

-

-

-

-

-

-

-

-

0

0

0

1,114

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

Repurchase of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

976

-

-

-

-

-

-

-

-

Proceeds from exercise of warrants

-

-

-

-

-

0

0

0

20

-

-

-

-

0

0

0

420

-

-

-

-

-

-

-

-

Net cash used in financing activities

-534

-1,514

-547

-1,093

-1,047

-429

-563

-1,847

-2,147

-11,747

-11,051

-825

-1,647

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash

2,858

6,924

5,746

-6,724

-8,273

-1,454

-2,046

-9,399

-16,922

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash

-

-

-

-

-

-

-

-

-

-

-

-8,852

1,282

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,018

-

-428

4,040

-563

-603

49,306

-1,300

-437

Net increase (decrease) in cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,409

-

10,721

12,411

5,257

9,848

57,295

958

-102,713

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

2,767

2,850

3,034

3,005

3,974

2,010

2,905

2,891

2,768

2,714

2,728

2,424

2,502

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,792

-

2,845

2,823

2,798

2,867

2,839

2,744

2,721

Income taxes

2

-

-

-

-

-

-

-

-

1,871

3

8,218

47

-

-

-

-

1,684

1,654

2,072

402

-

-

-

-

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

-

0

0

0

588

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-