IDEANOMICS, INC. IDEX Cash Flow

Ideanomics, inc. (IDEX)

CashFlow / Quarterly

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	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net income (loss)
-12,620	-109,709	-12,304	5,276	19,909	-8,557	-7,441	-8,610	-3,812	-5,552	-3,005	-3,940	1,638	-22,467	-2,153	-1,606	-2,274	-1,962	-2,335	-1,324	-2,919	-2,370	-2,116	-1,085	-7,451	-3,598	2,978	-3,591	-3,675	-2,815	-4,437	-4,250	-4,784	-4,303	125	-5,816	-2,647
Adjustments to reconcile net loss to net cash used in operating activities
Share-based compensation expense
2,202	2,638	2,547	3,703	224	40	11	3,239	121	1,103	54	76	71	33	74	73	138	272	286	277	403	206	773	221	138	417	111	266	351	325	341	300	175	169	150	157	156
Loss on investment in unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Depreciation and amortization
476	808	806	369	244	37	291	13	10	13	36	61	196	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest expense
3,156	3,244	942	588	735	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of licensed content
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37	37	37	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	128	241	0	0	0	-	-	-	-	-	-	-	-
Amortization of interest expense related to beneficial conversion feature
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,126	0	0	0	0	-	-	-	-	-	-	-	-
Income tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-304	-8	-8	-8	-8	-8	-8	-8	-220	-28	-32	-22	-29	-21	-23	-37	-70	-101	-105	-75	-108	-74	-111	-75
Equity in losses of equity method investees
-3	-13,111	-40	-286	-280	-136	-13	-10	-19	-28	-23	-33	-43	-11	17	-27	-10	-	-	-60	-32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on long-term equity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6	-5	-4	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets
-	-	-	-	-	-	-	-	-	-4	-4	-638	-40	-	-	0	0	-0	0	-1	-0	-40	0	-8	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-47	589	-703	-152	-15	-42	-41	1,239	537	248	-712	-	-	-	-38
Loss from disposal of consolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,350	0	0	727	5,608	8	2	-2	15	64	-8	-4	-	-	-	-
Change in fair value of warrant liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64	91	49	-15	34	281	1,501	-2,439	-428	-6	-4	-25	1,283	-636	0	0	-	-	-	-
Foreign currency exchange gain
-	-	-	-	-	-	-	-	-	-	-	-	-	85	-156	163	-10	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal of subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Digital tokens received as payment for services
0	-	-	-	26,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	135	-	-	-	-
Impairment loss
887	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition earn-out expense
532	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of warrant liabilities
-	-	-	-	-	-	-	-	-	0	-131	-26	270	-122	-58	-106	-37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	9	0	0	0	0	-	-	-	-	0	0	18	144	-	-	-	0
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	123	123	97	106	98	95	89	122	124	139	149	153	272	534	656	356	1,246	1,248	1,231	1,143	1,087	1,128	1,065
Loss on dissolution of variable interest entity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Change in assets and liabilities:
Accounts receivable
-571	-536	2,787	-9	36	-86,163	-7,251	5,277	80,546	-15,779	816	14,091	19,674	1,372	1,485	251	1,153	-889	-101	904	693	454	602	-163	21	62	95	16	0	-	-	-	-	-38	11	132	101
Licensed content
-	-	-	-	-	-	-	-	-	0	0	758	-1,518	-676	496	406	-263	-	-	-	-	-	-	-	-	-	-	-	-	-	-37	-37	-37	-75	0	0	0
Inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	29	8	26	-32	-0	6	-8	-38	-27	77	-45
Licensed content
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-418	247	-461	133	-50	340	-379	595	-619	-462	17	-205	933	-706	-67	637	37	-37	0	0
Prepaid expenses and other assets
-1,928	-433	-1,259	-1,311	124	-2,035	1,400	2,122	-190	-483	53	-5,632	1,932	4,787	-115	256	-140	-264	-108	82	364	-18	-125	143	79	371	-108	-132	-37	-969	1,035	-50	-129	-27	-386	-221	6
Accounts payable
275	-	-	-	-46	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-	-	-	-	-	-	-	9,243	-5,618	-16,298	591	15,310	13,890	6,783	-428	605	0	23	-8	0	-80	-62	-181	-893	591	-918	-693	796	492	405	93	-944	416	-198	1,297	167	289
Deferred revenue
23	17	62	-115	203	-182	483	-47	-68	15	-512	114	-740	1,304	3	1	-15	-202	-113	201	116	-128	106	-44	11	68	-94	152	61	140	167	-40	50	134	75	-4	6
Amount due to related parties
856	-	-	-	40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount due to related parties
-	-	-	-	-	-	-	-	-	-	-	-	2,173	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount due to related parties (interest)
-	-	-	-	-	-71,819	-9,910	-4,415	86,265	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses, salary and other current liabilities
-2,147	-	-	1,510	400	-	-	-52	34	46	-602	616	-881	-240	256	-697	691	-150	-29	-500	876	151	34	348	-33	-27	-264	613	-361	461	-42	64	208	-337	-465	597	246
Accrued license content fees
-	-	-	-	-	-	-	-	-	-	-	-	-	266	-471	182	402	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-3,386	-1,481	-3,848	-2,364	-1,732	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued license content fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	187	-149	288	259	-	-	-	-	-	-32	10	18	0	154	212	96	76	0	0	0
Accrued license fee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	374	-202	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	153	10	21	-22	16	-221	0	57	-57
Net cash used in operating activities
-3,858	-5,071	-2,823	-1,117	-4,771	-2,518	-6,218	-8,019	-3,404	-	-	-	-	-	-	-	-	-218	-2,336	-1,483	-2,396	-2,183	-2,497	-2,651	-2,840	-3,067	-2,766	-910	-2,016	-2,342	-2,733	-3,123	-2,401	-2,611	-956	-1,049	-1,117
Cash flows from investing activities:
Acquisition of property and equipment
15	7	430	798	580	6,594	103	57	7	17	-6	47	5	695	1,060	2,070	0	2	2	9	20	8	2	53	2	6	61	120	242	163	292	334	162	151	1,168	673	553
Acquisition of leasehold improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6	-22	26	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	-	-	-	-1,491	2,117	-2,707	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	50	0	-57	-	-	-	-	-	-	-	-	-	-	-	-
Disposal of subsidiaries, VIEs, net of cash disposed
-	-	-	-	-	-	-	-	-36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Acquisition of subsidiaries, net of cash acquired
-	-	-	-	-	-	-	0	391	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	0	20	160	0	7	103	14	131	296	0
Payments for long term investments
0	-870	0	250	620	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans to Shandong Media shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	434	-4	0	-210
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	-91	156
Net cash used in investing activities
-15	-56	510	-1,048	-1,200	-14,097	-4,586	-20	-435	-	-	-	-	-	-	-	-	-172	-15	-44	-20	-2	-161	-63	-60	3,913	-254	-120	-262	-324	-300	-323	-292	-175	-1,320	-878	-920
Cash flows from financing activities:
Proceeds from issuance of convertible note
2,000	4,330	2,500	170	2,132	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of Series E Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,386	0	16,613	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of Series E Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from the exercise of warrants and options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	473	521	0	0	0	0	-	-	-	-	-	-	-	-
Series D Preferred Stock dividend payment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	92	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of warrant and common stocks
1,000	-	-	-	2,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from noncontrolling interest shareholder
7,147	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-5	434	-3,397	-7,234	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of shares, stock options and warrant
-	-	-	-	-	-	-	-	527	11,010	741	1,857	8	2,000	8,000	0	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from/(Repayment of) amounts due to related parties
-2,999	1,396	480	1,056	228	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from amounts due to related parties
-2,999	-	-	-	228	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of amounts due to related parties
-	-	-	-	-	-	-	-	42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of shares and warrant
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid on convertible note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,366	0	19	-	-	0	0	-	-	-	-	-	-	-	-
Capital contribution from Jinan Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	151
Net cash provided by financing activities
7,148	6,047	2,980	1,227	4,860	3,712	24,733	5,968	485	-	-	-	-	-	-	-	-	-310	0	0	0	0	19	473	17,024	1,758	3,150	0	0	2,193	3,466	3,000	0	0	0	10,095	151
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	8	2,000	7,705	0	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
6	27	-40	-13	17	-20	-35	-34	21	21	21	-635	675	-30	-23	-32	-1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
3,281	-	-	-	-1,094	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	112	-156	-1	0	-46	13	-42	8	4	1	12	0	23	-20	3	35	180	-110	-299	-52
Net decrease in cash and restricted cash
-	-	-	-	-	-	-	-2,106	-3,333	-	-	-	-	922	435	-9,631	8,266	-587	-2,508	-1,529	-2,416	-2,232	-2,626	-2,283	14,132	2,608	130	-1,018	-2,278	-448	411	-443	-2,658	-2,606	-2,387	7,868	-1,938
Supplemental disclosure of cash flow information:
Cash paid for income tax
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of convertible note for licensed content (Note 13)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	17,717	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of shares for the settlement of liability
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	75	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of shares for the settlement of liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payable for purchase of building
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Value of common stock issued from conversion of Preferred Series B shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,223	0	726	0	0	-	-	-	-
Payable for purchase of building
-	-	-	-	-	-	-	-	-	-	-	-	992	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax paid
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	0	0	0	0	0	0	0	0	-	-	0	0	0	0	-0	0	0	0	0	0
Cash paid for interest
0	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	-	0	0	0	0	0	-19	0	19	-	-	0	0	0	-2	1	1	0	0	0	0
Value of warrants issued for issuance costs in connection with Preferred Series E shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,166	0	0	0	0	-	-	-	-	-	-	-	-
Conversion of convertible promissory note for Series E Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,000	0	0	0	0	-	-	-	-	-	-	-	-
Exchange of Series D Preferred Stock for Series E Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,000	0	0	0	0	-	-	-	-	-	-	-	-
Exchange of Series E Preferred Stock for Common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of shares for acquisition of DBOT
6,748	-	0	10,005	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tree Technologies measurement period adjustment
11,895	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Disposal assets in exchange of GTB tokens
0	0	0	-0	20,219	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service revenue received in GTB tokens
0	0	0	14,100	26,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances from Customer received in GTB tokens
0	-	-	-	14,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of shares for acquisition of intangible assets
0	-	-	-	4,655	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-