Iconix brand group, inc. (ICON)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash flows from operating activities:
Net loss from continuing operations

-

-

-557,455

-257,824

-210,098

-

-

-

-

-

-

-

Income from discontinued operations

-

-

48,968

8,316

21,168

-

-

-

-

-

-

-

Net income (loss)

-101,916

-89,669

-

-

-

118,822

117,292

123,509

141,241

110,480

76,031

62,908

Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation of property and equipment

1,751

2,071

1,714

1,466

1,562

2,605

2,702

2,784

2,450

1,800

690

858

Amortization of trademarks and other intangibles

65

258

741

1,327

2,755

4,530

7,428

5,528

6,988

8,307

7,325

7,261

Amortization of deferred financing costs and debt discount

3,024

3,133

9,771

6,162

4,826

5,263

4,816

3,263

4,309

2,276

2,313

1,752

Amortization of debt discount

9,439

9,833

7,349

21,745

31,455

29,616

24,838

20,098

23,057

15,021

14,101

13,727

Amortization of deferred rent

-

238

198

-

-

-

-

-

-

-

-

-

Third party fees associated with the issuance of 5.75% Convertible Notes

-

4,958

-

-

-

-

-

-

-

-

-

-

Interest expense on 5.75% Convertible Notes paid in shares

-

3,067

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

971

-2,405

8,744

6,565

10,835

18,492

20,018

11,492

11,742

11,444

8,925

9,257

Loss on marketable securities

-

-

-

-

-

-

-

-

-

-13,000

-

-

Non-cash gain on re-measurement of equity investment

-

8,410

-

-

49,990

28,898

-

-

21,465

-

-

-

Realization of cash flow hedge

-

-

-

-

-

-

-

-

-

-87

-201

-

Gain on sale of 50% interest of subsidiary

-

-

-

-

-

-

-

-

-

-

-

4,740

Provision for doubtful accounts

-1,107

15,557

5,794

11,069

23,179

9,627

9,718

5,362

1,948

2,253

4,312

1,879

Periodic lease cost

2,124

-

-

-

-

-

-

-

-

-

-

-

Earnings on equity investments in joint ventures

14

3,043

-3,259

-3,578

-5,330

11,325

10,211

10,887

10,353

5,492

3,424

-528

Contract asset impairment

5,143

1,777

-

-

-

-

-

-

-

-

-

-

Distributions from equity investments

2,681

3,021

3,575

4,500

5,954

7,145

13,116

-

-

-

-

-

Asset impairment

1,766

-

-

-

-

-

-

-

-

-

-

-

Gain on deconsolidation of joint venture

-

-

3,772

-

-

-

-

-

-

-

-

-

Gain on sale of fixed assets

-

-

-

-

225

-

-

-

-

-

-

-

Goodwill impairment

0

37,812

103,877

18,331

35,132

-

-

-

-

-

-

-

Gain on sale of securities

-

-

-

-

-

342

5,395

-

-

-

-

-

Gain on sale of trademarks, net

-

-

875

38,104

-

6,399

7,354

12,133

-

-

6,601

2,625

Trademark impairment

65,587

136,417

525,726

419,762

402,392

-

-

-

-

-

-

-

Impairment of equity method investment

26,613

2,500

16,848

-

-

-

-

-

-

-

-

-

Mark to market adjustment on convertible note

-3,861

80,979

-

-

-

-

-

-

-

-

-

-

Loss (gain) on debt to equity conversions

-1,310

1,165

-

-

-

-

-

-

-

-

-

-

Gain on sale of trademarks and other investments

141

2,226

-

-

-

-

-

-

-

-

-

-

(Gain) on extinguishment of debt

-

4,473

-20,939

-5,903

-

-

-

-

-

-

-

-

Loss on other equity investment

294

402

-

-

-

-

-

-

-

-

-

-

Gain on settlement with former management

-

-

-

7,328

-

-

-

-

-

-

-

-

Investment in IP Holdings Unltd

-

-

-

-

-

-

-

-

-

-

63,500

-

Payment of accrued expenses related to acquisitions

-

-

-

-

-

-

-

-

-

1,177

223

1,630

Distributions from equity investments

-

-

-

-

-

-

-

2,265

3,779

2,154

2,469

-

Deferred income tax expense

-80

-2,004

-104,169

-95,524

-119,849

32,124

22,936

24,385

27,737

13,448

17,137

20,172

(Gain) Loss on foreign currency translation

-858

-1,153

-3,071

1,287

10,076

-1,745

-326

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-6,927

-13,103

6,481

7,062

1,047

22,575

-9,741

10,942

17,252

-3,638

19,925

17,175

Other assets – current

-12,173

-19,144

38,997

-31,475

-26,664

13,209

7,946

-20,513

-16,868

16,002

-4,094

-

Other assets

1,882

5,498

-

-

-

-

-

-

-

-

-

-

Other assets - current

-

-

-

-

-

-

-

-

-

-

-

9,978

Other assets

-

-

-2,469

-6,541

-10,357

4,142

12,054

-11,889

-12,298

14,872

3,196

-502

Deferred revenue

29

-282

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-3,272

-4,215

2,985

-5,025

6,102

-3,745

-10,168

-13,515

11,791

-112

Accounts payable and accrued expenses

-6,845

204

23,212

23,222

25,401

23,700

-4,155

13,543

-11,791

33,850

9,084

5,029

Other tax liabilities

-

-531

-4,713

-

-

-

-

-

-

-

-

-

Other liabilities

-2,319

454

-1,654

1,858

1,800

-

-

-

-

-

-

-

Net cash provided by continuing operating activities

-

-

12,854

134,840

188,682

160,009

191,592

206,924

-

-

-

-

Net cash used in discontinued operating activities

-

-

-10,780

-12,664

1,559

-

-

-

-

-

-

-

Net cash used in operating activities

30,312

56,082

2,074

122,176

190,241

-

-

-

181,388

165,723

122,858

89,243

Cash flows provided by (used in) investing activities:
Purchases of property and equipment

626

829

870

1,518

702

1,505

1,209

1,595

3,242

3,190

3,873

6,281

Earn-out payment on acquisition

-

-

-

-

-

-

-

-

-

-

12,900

6,124

Acquisition of trademarks

3,934

339

212

268

199

915

8,372

633

568

88

145

1,420

Proceeds from sale of other investments

3,695

958

-

-

-

-

-

-

-

-

-

-

Acquisition of Badgley Mischka and Sharper Image trademarks in certain international joint ventures

-

-

-

-

-

-

744

6,870

-

-

-

2,000

Acquisition of additional interest

-

-

1,800

-

-

-

-

-

-

-

-

-

Purchase of securities

-

-

-

-

-

5,998

-5,395

-

-

-

-

-

Earn-out payment on acquisitions

-

-

-

-

-

-

-

3,771

-

799

-

-

Proceeds from sale of rights

-

-

-

-

-

-

-

2,000

-

-

-

-

Proceeds from note receivable from formation of Buffalo joint venture

-

-

-

-

-

-

-

-

-

-

-

1,000

Proceeds from sale of Marcy Media

-

-

500

-

-

-

-

-

-

-

-

-

Proceeds from sale of discontinued operation, net of cash sold

-

-

336,675

-

-

-

-

-

-

-

-

-

Proceeds from sale of trademarks and related notes receivable

-

-

1,922

3,165

3,030

-

24,519

-

-

-

-

-

Proceeds from the sale of securities

-

-

-

-

-

6,341

-

-

-

-

-

-

Proceeds from sale of fixed assets

-

-

-

-

225

-

-

-

-

-

-

-

Decrease in cash and cash equivalents from deconsolidation of joint venture

-

-

1,853

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) continuing investing activities

-

-

330,599

172,440

-152,069

-49,629

-169,138

-244,869

-

-

-

-

Net cash used in discontinued investing activities

-

-

-84

-2,277

-970

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

12,068

-5,657

330,515

170,163

-153,039

-

-

-

-131,410

-179,154

-87,172

-44,074

Cash flows (used in) financing activities:
Shares repurchased on the open market

-

-

-

-

12,391

193,434

436,419

125,341

19,138

-

1,455

1,823

Proceeds from Variable Funding Notes

-

-

73,437

-

100,000

-

-

-

-

-

-

-

Proceeds from long-term debt, net of discount and fees

-

95,700

307,030

300,000

-

-

392,000

750,000

292,500

-

-

-

Proceeds from sale of warrants

-

-

-

-

-

-

57,707

-

28,800

-

-

-

Proceeds from sale of trademarks and related notes receivables to consolidated joint ventures

-

195

6,942

11,430

21,162

24,915

17,347

-

-

-

-

-

Payment for purchase of convertible note hedge

-

-

-

-

-

-

84,106

-

58,740

-

-

-

Proceeds from exercise of stock options and warrants

-

-

-

-

-

-

-

-

-

-

3,230

2,307

Payment of long-term debt

41,171

157,292

824,867

253,490

61,124

62,856

95,113

491,765

211,784

81,418

60,937

36,015

Repurchase of convertible notes

-

-

58,810

178,973

-

-

-

-

-

-

-

-

Payment of make-whole premium on repayment of long-term debt

-

-

13,933

4,294

-

-

-

-

-

-

-

-

Proceeds from common stock issuance, net

-

-

-

-

-

-

-

-

-

-

152,798

-

Prepaid financing costs

-

5,423

7,145

35,754

496

-

3,838

20,941

3,381

-

-

6

Payment to Purim

-

-

-

2,000

2,000

-

3,000

-

4,000

-

-

-

Distributions to non-controlling interests

12,479

14,902

5,191

14,016

17,498

18,064

8,290

-

-

-

-

-

Excess tax benefit from share-based payment arrangements

-

-

-

-

-2,006

10,706

1,193

-

-

-

-

-

Distributions to non-controlling interests

-

-

-

-

-

-

-

9,039

11,895

-

-

-

Non-controlling interest contribution

-

-

-

-

-

-

-

-

1,800

14,826

2,066

-

Tax benefit from share-based payment arrangements

-

-

-

-

-

-

-

1,495

4,940

1,301

3,600

8,247

Tax benefit related to amortization of convertible notes' discount

-

159

78

154

-

-

-

-

-

-

-

-

Cost of shares repurchased on vesting of restricted stock

189

223

1,078

620

15,515

16,024

3,707

-

-

-

-

-

Cost of shares repurchased on vesting of restricted stock and exercise of stock options

-

-

-

-

-

-

-

1,195

3,185

2,970

724

3,192

Proceeds from exercise of stock options and warrants

-

-

-

0

321

10,088

353

757

-

-

-

-

Proceeds from Securitization

-

-

-

-

-

-

270,188

-

-

-

-

-

Proceeds from exercise of stock options and warrants

-

-

-

-

-

-

-

-

3,312

2,083

-

-

Restricted cash

-

-

-

-127,725

10,015

-9,163

-42,496

4,929

-

-

-

-

Net cash used in continuing financing activities

-

-

-523,537

-305,288

14,468

-253,832

16,819

108,900

-

-

-

-

Net cash used in discontinued financing activities

-

-

-23,873

-4,592

-4,582

-

-

-

-

-

-

-

Net cash used in financing activities

-53,839

-81,786

-547,410

-309,880

9,886

-

-

-

-896

-63,315

93,292

-26,833

Effect of exchange rate changes on cash and restricted cash

235

-697

2,834

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents, and restricted cash

-11,224

-32,058

-211,987

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-3,019

-5,156

-7,298

844

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-20,560

41,932

-150,750

40,117

70,955

49,082

-76,746

128,978

18,336

Balance of restricted cash - current

-

-

-

-

-

-

-

-

-

-

-

876

Cash paid during the period:
Income taxes (net of refunds received)

-8,704

-5,702

36,752

7,534

-11,724

3,508

20,054

-

-

-

-

-

Interest

45,066

40,534

60,472

-

-

-

-

-

-

-

-

-

Income taxes

-

-

-

-

-

-

-

14,847

40,194

25,785

14,062

5,685

Interest

-

-

-

59,601

48,102

48,224

40,410

16,043

22,969

22,554

21,922

30,843

Non-cash investing and financing activities:
Non-cash additions to operating lease assets

10,462

-

-

-

-

-

-

-

-

-

-

-

Non-cash repurchase of China JV equity

1,265

-

-

-

-

-

-

-

-

-

-

-

Shares issued upon conversion of debt to equity

6,225

13,976

-

-

-

-

-

-

-

-

-

-

Sale of trademarks for note receivable

-

-

-

-

-

51,246

15,763

4,000

-

-

-

-

Shares repurchased on the open market included in payable

-

-

-

-

-

3,156

-

-

-

-

-

-

Issuance of shares in connection with purchase

-

-

-

-

-

-

-

2,221

3,210

9,689

23,675

-

Make-whole premium on repayment of long-term debt

-

-

-

6,751

-

-

-

-

-

-

-

-

MG Icon note payable

-

-

-

-

-

-

-

-

-

16,000

-

-

Common stock issued

-

-

-

-

-

-

-

-

-

-

-

2,050

Warrants issued - acquisition cost

-

-

-

-

-

-

-

-

-

-

-

133

Iconix India
Write-off of receivable due from Iconix India joint venture partner

-

1,000

-

-

-

-

-

-

-

-

-

-

Buffalo Brand Joint Venture
Settlement of note receivable related to formation of Buffalo joint venture

-

1,141

-

-

-

-

-

-

-

-

-

-

Proceeds from note receivable from formation of Buffalo joint venture

-

1,409

-

-

-

-

-

-

-

-

-

-

NGX
Loss on sale of NGX

-

-

79

-

-

-

-

-

-

-

-

-

Proceeds from sale of NGX

-

-

2,561

-

-

-

-

-

-

-

-

-

Complex Media
Gain on sale of Complex Media

-

-

2,728

-

-

-

-

-

-

-

-

-

Proceeds from sale of Complex Media

-

-

2,728

-

-

-

-

-

-

-

-

-

Iconix Southeast Asia
Acquisition of trademarks

2,067

2,120

-

-

-

-

-

-

-

-

-

-

Iconix Canada
Acquisition of remaining interest in Iconix Canada

-

7,053

11,177

-

-

-

-

-

-

-

-

-

Badgley Mischka And Sharper Image Trademarks In Certain International Joint Ventures
Acquisition of Badgley Mischka and Sharper Image trademarks in certain international joint ventures

-

1,289

-

-

-

-

-

-

-

-

-

-

Iconix Australia
Acquisition of additional interest

-

649

-

-

-

-

-

-

-

-

-

-

Sharper Image
Proceeds from sale of rights

-

1,755

-

-

-

-

-

-

-

-

-

-

Badgley Mischka In Certain International Joint Ventures
Proceeds from sale of rights

-

2,500

-

-

-

-

-

-

-

-

-

-

Badgley Mischka Canada
Proceeds from sale of rights

-

-

375

-

-

-

-

-

-

-

-

-

Sharper Image Canada
Proceeds from sale of rights

-

-

500

-

-

-

-

-

-

-

-

-

American Greetings Corporation
Proceeds received from note

-

-

1,250

-

-

-

-

-

-

-

-

-

Marcy Media Holdings, LLC
Proceeds from sale of Marcy Media

15,000

-

-

-

-

-

-

-

-

-

-

-