IDEANOMICS, INC. IDEX Cash Flow

Ideanomics, inc. (IDEX)

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	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)
-129,357	-96,828	4,323	9,186	-4,701	-28,423	-25,418	-20,981	-16,311	-10,860	-27,774	-26,922	-24,588	-28,500	-7,996	-8,178	-7,895	-8,540	-8,949	-8,729	-8,491	-13,024	-14,251	-9,157	-11,663	-7,886	-7,103	-14,518	-15,178	-16,287	-17,776	-13,213	-14,779	-12,642	0	0	0
Adjustments to reconcile net loss to net cash used in operating activities
Share-based compensation expense
11,090	9,112	6,514	3,979	3,515	3,412	4,475	4,519	1,355	1,305	235	255	252	319	559	771	975	1,240	1,174	1,661	1,604	1,339	1,550	888	933	1,146	1,054	1,283	1,318	1,142	986	795	653	634	0	0	0
Loss on investment in unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Depreciation and amortization
2,460	2,228	1,458	943	586	352	328	74	122	308	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest expense
7,931	5,510	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of licensed content
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	128	370	370	370	241	0	0	0	-	-	-	-	-	-	-	-
Amortization of interest expense related to beneficial conversion feature
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,126	2,126	2,126	2,126	0	0	0	0	-	-	-	-	-	-	-	-
Income tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-330	-34	-34	-34	-34	-246	-266	-290	-304	-113	-105	-96	-111	-152	-233	-315	-353	-390	-363	-369	-369	0	0	0
Equity in losses of equity method investees
-13,441	-13,718	-742	-716	-440	-180	-73	-82	-105	-129	-112	-71	-64	-31	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on long-term equity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets
-	-	-	-	-	-	-	-	-	-688	0	0	0	-	-	-0	-1	-2	-43	-43	-50	-49	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-160	-313	-281	-913	-251	1,139	1,693	1,983	1,313	0	0	0	-	-	-	0
Loss from disposal of consolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-622	6,336	6,344	6,347	5,616	23	79	68	67	0	0	0	-	-	-	-
Change in fair value of warrant liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	189	159	350	1,802	-621	-1,084	-1,373	-2,879	-466	1,246	617	621	647	0	0	0	-	-	-	-
Foreign currency exchange gain
-	-	-	-	-	-	-	-	-	-	-	-	-	81	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal of subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Digital tokens received as payment for services
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Impairment loss
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition earn-out expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of warrant liabilities
-	-	-	-	-	-	-	-	-	112	-9	63	-17	-324	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	9	9	9	0	0	0	0	-	-	-	-	163	0	0	0	-	-	-	0
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	451	426	398	390	405	431	476	536	567	715	1,110	1,616	1,820	2,794	3,508	4,082	4,869	4,709	4,590	4,423	0	0	0
Loss on dissolution of variable interest entity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Change in assets and liabilities:
Accounts receivable
1,670	2,277	-83,349	-93,388	-88,101	-7,591	62,792	70,860	79,674	18,802	35,954	36,623	22,783	4,263	2,001	414	1,067	607	1,951	2,655	1,587	915	524	16	195	174	0	0	0	-	-	-	-	207	0	0	0
Licensed content
-	-	-	-	-	-	-	-	-	-759	-1,436	-940	-1,292	-37	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-187	-150	-112	-75	0	0	0
Inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65	33	2	0	-34	-40	-67	3	-33	0	0	0
Licensed content
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-499	-131	-38	43	504	-64	-867	-469	-1,270	282	39	-45	797	-97	570	637	0	0	0	0
Prepaid expenses and other assets
-4,932	-2,880	-4,482	-1,822	1,611	1,296	2,848	1,501	-6,253	-4,130	1,141	972	6,861	4,788	-263	-256	-430	74	320	303	364	79	468	485	209	92	-1,248	-104	-22	-114	828	-593	-764	-628	0	0	0
Accounts payable
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-	-	-	-	-	-	-	-12,081	-6,014	13,493	36,576	35,556	20,850	6,960	200	620	15	-65	-151	-324	-1,218	-545	-1,401	-1,914	-224	-324	999	1,786	45	-29	-633	571	1,683	1,556	0	0	0
Deferred revenue
-12	167	-33	388	455	183	381	-614	-452	-1,124	165	681	568	1,294	-213	-329	-129	1	75	295	49	-55	142	-58	137	188	260	521	328	317	310	219	256	212	0	0	0
Amount due to related parties
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount due to related parties
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount due to related parties (interest)
-	-	-	-	-	120	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses, salary and other current liabilities
0	-	-	0	0	-	-	-574	94	-821	-1,107	-248	-1,562	10	100	-185	11	196	498	562	1,411	502	322	23	288	-40	449	671	122	693	-106	-529	3	41	0	0	0
Accrued license content fees
-	-	-	-	-	-	-	-	-	-	-	-	-	378	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-11,080	-9,426	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued license content fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	585	0	0	0	-	-	-	-	-	-2	183	385	462	539	385	173	76	0	0	0
Accrued license fee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	163	26	-205	-227	-147	-221	0	0	0
Net cash used in operating activities
-12,870	-13,783	-11,230	-14,624	-21,526	-20,160	0	0	0	-	-	-	-	-	-	-	-	-6,435	-8,400	-8,562	-9,729	-10,174	-11,057	-11,326	-9,585	-8,761	-8,036	-8,002	-10,215	-10,600	-10,870	-9,093	-7,019	-5,735	0	0	0
Cash flows from investing activities:
Acquisition of property and equipment
1,251	1,816	8,403	8,076	7,334	6,762	185	75	66	63	742	1,809	3,832	3,826	3,133	2,075	14	35	40	41	85	67	64	124	191	430	588	819	1,033	953	941	1,816	2,155	2,547	0	0	0
Acquisition of leasehold improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	0	0	0	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Disposal of subsidiaries, VIEs, net of cash disposed
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Acquisition of subsidiaries, net of cash acquired
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	183	181	189	272	126	257	546	442	0	0	0
Payments for long term investments
-620	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans to Shandong Media shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	219	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net cash used in investing activities
-609	-1,794	-15,835	-20,932	-19,904	-19,140	0	0	0	-	-	-	-	-	-	-	-	-253	-83	-228	-247	-286	3,628	3,534	3,477	3,275	-962	-1,007	-1,210	-1,240	-1,091	-2,111	-2,666	-3,294	0	0	0
Cash flows from financing activities:
Proceeds from issuance of convertible note
9,000	9,132	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of Series E Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of Series E Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from the exercise of warrants and options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	995	995	995	521	0	0	0	0	-	-	-	-	-	-	-	-
Series D Preferred Stock dividend payment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	92	92	92	92	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of warrant and common stocks
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from noncontrolling interest shareholder
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-10,202	-10,197	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of shares, stock options and warrant
-	-	-	-	-	-	-	-	14,137	13,618	4,607	11,866	10,008	20,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from/(Repayment of) amounts due to related parties
-65	3,161	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from amounts due to related parties
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of amounts due to related parties
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of shares and warrant
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid on convertible note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Capital contribution from Jinan Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash provided by financing activities
17,402	15,114	12,779	34,532	39,273	34,898	0	0	0	-	-	-	-	-	-	-	-	-310	0	19	493	17,517	19,275	22,407	21,933	4,909	5,344	5,659	8,659	8,659	6,466	3,000	10,095	10,247	0	0	0
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	9,713	19,705	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
-20	-9	-57	-52	-73	-69	-27	30	-570	83	31	-13	588	-87	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-44	-204	-34	-75	-66	-15	-27	26	18	38	16	7	42	199	109	-193	-282	0	0	0
Net decrease in cash and restricted cash
-	-	-	-	-	-	-	0	0	-	-	-	-	-7	-1,517	-4,461	3,639	-7,043	-8,688	-8,805	-9,559	6,989	11,830	14,587	15,852	-558	-3,615	-3,334	-2,758	-3,138	-5,296	-8,095	215	935	0	0	0
Supplemental disclosure of cash flow information:
Cash paid for income tax
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of convertible note for licensed content (Note 13)
-	-	-	-	-	-	-	-	-	-	-	-	-	17,717	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of shares for the settlement of liability
-	-	-	-	-	-	-	-	-	-	-	-	-	75	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,223	3,223	3,950	3,950	726	0	0	0	-	-	-	-
Payable for purchase of building
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-19	-19	0	0	0	0	-	-	-1	0	1	1	4	2	1	0	0	0
Value of warrants issued for issuance costs in connection with Preferred Series E shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,166	2,166	2,166	2,166	0	0	0	0	-	-	-	-	-	-	-	-
Conversion of convertible promissory note for Series E Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	2,000	2,000	2,000	0	0	0	0	-	-	-	-	-	-	-	-
Exchange of Series D Preferred Stock for Series E Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	4,000	4,000	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
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tree Technologies measurement period adjustment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Disposal assets in exchange of GTB tokens
-0	20,218	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service revenue received in GTB tokens
14,100	40,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances from Customer received in GTB tokens
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of shares for acquisition of intangible assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-