HEMISPHERE MEDIA GROUP, INC. HMTV Cash Flow

Hemisphere media group, inc. (HMTV)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14
Reconciliation of Net Loss to Net Cash Provided by Operating Activities:
Net loss
-11,281	-3,471	-4,328	-2,213	-4,971	-10,797	-35,763	-34,027	-23,740	-13,436	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,977	-	13,132	10,885	12,771	10,557	0	0	0
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
11,597	12,533	13,245	14,687	16,151	16,081	16,045	16,063	16,110	16,228	16,331	16,373	16,367	16,608	16,789	16,989	17,193	17,218	17,404	17,788	18,355	16,552	0	0	0
Program amortization
13,703	13,648	13,836	13,925	13,275	12,509	11,191	10,544	10,833	11,806	12,744	12,991	12,604	12,182	12,283	12,112	11,875	11,703	11,314	11,074	10,795	10,370	0	0	0
Amortization of deferred financing costs and original issue discount
582	580	585	585	590	591	585	587	585	620	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	504	504	507	507	0	0	0
Amortization of original issue discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	380	-	383	373	342	310	0	0	0
Stock-based compensation
5,171	4,808	4,501	3,295	3,854	3,933	3,931	3,944	3,994	4,068	5,273	4,824	4,362	4,691	3,974	4,877	5,649	5,575	5,437	5,391	5,731	5,920	0	0	0
Provision for bad debts
651	135	351	507	417	417	882	854	839	756	184	108	335	398	405	572	886	920	0	0	0	-	0	0	0
Deferred tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Loss on equity method investments
-29,914	-30,271	-31,976	-33,745	-32,787	-35,206	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of equity method investment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of assets
-	-	-	-	-	38	0	0	0	-	-	-	-	-6	-8	-17	-35	-33	-31	-87	-69	-70	0	0	0
Gain from FCC repack
264	1,717	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of operating lease right-of-use assets
483	486	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Decrease (increase) in:
Accounts receivable
4,447	993	-1,356	3,125	2,005	7,402	3,128	3,406	-884	-4,803	1,057	-2,056	-411	453	1,147	2,089	2,533	1,676	2,528	2,229	7,592	7,430	0	0	0
Due from related parties
-	-	-	-	-	-	-	-	-	-	-	246	-431	-217	-149	41	977	388	1,308	1,504	-1,503	1,398	0	0	0
Programming rights
13,844	14,087	13,773	16,105	19,733	19,322	16,144	14,452	12,127	15,149	15,765	15,597	16,747	15,073	15,946	14,704	12,493	12,619	12,173	11,174	14,905	9,715	0	0	0
Prepaids and other assets
5,656	6,235	2,548	923	-2,012	-2,239	4,585	4,003	10,644	7,006	-122	3,561	834	3,029	-1,454	-1,969	-1,678	-3,487	-419	1,006	2,790	4,397	0	0	0
Due from related parties, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in:
Accounts payable
0	-	-	-	0	-	-	-	1,530	-60	2,697	445	-114	1,062	404	526	748	287	-61	-495	477	610	0	0	0
Due to related parties, net
-	-	-	-	-	-	1,700	1,342	1,166	808	521	238	-857	-769	-660	142	766	395	398	-689	-188	49	0	0	0
Other accrued expenses
6,136	-1,819	-209	-189	1,476	3,435	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses
-	-	-	-	-	-	-	-	-	-	-3,356	-807	446	-578	-781	1,170	2,049	4,206	6,240	4,571	3,873	3,400	0	0	0
Programming rights payable
2,948	2,005	-1,021	843	1,752	1,163	2,438	260	352	621	108	-1,052	-759	-1,391	-11	1,164	-1,318	452	-195	-1,122	813	-1,418	0	0	0
Income taxes payable
-	-2,265	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes payable
-	-	-	-	-	-	-	-	-	-	-21	-1,093	20	-103	0	0	0	-	-	-	-	-	-	-	-
Other liabilities
-439	1,033	1,857	1,972	-899	321	2,829	2,806	5,355	2,445	-172	-144	-116	227	190	106	106	107	49	142	132	93	0	0	0
Net cash provided by operating activities
37,778	35,619	40,280	39,898	43,088	36,790	26,677	24,444	24,422	25,711	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash Flows From Investing Activities:
Funding of equity method investments
24,400	31,747	44,196	50,835	52,775	53,782	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
2,811	5,376	5,489	8,759	11,846	10,628	10,581	7,809	4,108	2,496	2,444	2,337	2,298	3,392	4,400	5,424	6,231	5,358	4,846	3,423	2,589	2,971	0	0	0
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,856	-	40,634	36,051	29,101	23,274	0	0	0
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	10	10	2	1	3	3	3	6	10	0	0	0
FCC repack proceeds
264	1,717	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-25,286	-33,745	-47,869	-55,263	-60,374	-61,625	-54,762	-55,194	-55,647	-39,232	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash Flows From Financing Activities:
Acquisition of cable networks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	101,891	0	0	0
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,230	-	-4,843	-3,420	-2,583	-104,852	0	0	0
Repayments of long-term debt
2,133	2,133	1,600	1,067	534	2,133	2,666	3,199	3,733	2,133	1,600	1,067	533	8,278	8,840	9,403	9,965	2,250	2,251	22,191	22,066	21,941	0	0	0
Purchases of common stock
-	2,175	1,623	2,172	3,352	2,873	0	0	0	-	-	-	-	31,925	0	0	0	-	-	-	-	-	-	-	-
Proceeds from exercise of options
-	-	-	-	-	-	-	-	-	-	-	-	-	155	0	0	0	-	-	-	-	-	-	-	-
Financing fees
-	-	-	-	-	-	-	-	-	1,114	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Repurchase of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	976	0	0	0	-	-	-	-	-	-	-	-
Proceeds from exercise of warrants
-	-	-	-	-	20	0	0	0	-	-	-	-	420	0	0	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
-3,688	-4,201	-3,116	-3,132	-3,886	-4,986	-16,304	-26,792	-25,770	-25,270	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash
8,804	-2,327	-10,705	-18,497	-21,172	-29,821	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,770	-	2,446	52,180	46,840	46,966	0	0	0
Net increase (decrease) in cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,856	-	38,237	84,811	73,358	-34,612	0	0	0
Supplemental Disclosures of Cash Flow Information:
Cash payments for:
Interest
11,656	12,863	12,023	11,894	11,780	10,574	11,278	11,101	10,634	10,368	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,299	-	11,333	11,327	11,248	11,171	0	0	0
Income taxes
0	-	-	-	-	-	-	-	-	10,139	0	0	0	-	-	-	-	5,812	0	0	0	-	-	-	-
Non-cash investing activity:
Acquisition financed in part by treasury shares
-	588	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-