Information services group inc. (III)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities
Net loss

3,341

5,677

-2,098

-6,378

4,954

6,304

4,776

603

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-55,937

-53,165

-2,836

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense

2,697

2,739

3,207

1,903

1,760

1,792

1,647

1,707

1,483

1,420

1,419

Goodwill impairment charge

-

-

-

-

-

-

-

-

34,314

46,591

-

Intangible assets impairment charge

-

-

-

-

-

-

-

-

27,380

5,900

6,800

Amortization of intangible assets

4,011

5,032

9,514

5,966

5,323

5,581

5,827

7,150

9,551

8,426

8,143

Deferred tax expense (benefit) from stock issuances

205

-202

333

-

-

-

-

-

-

-

-

Gain on extinguishment of debt

-

-

-

-

-

-

79

-

-

-

-

Bargain purchase gain

-

-

-

-

-

146

-

-

-

-

-

Deferred tax expense from stock issuances

-

-

-

-147

310

346

851

-

-

-

-

Amortization of deferred financing costs

610

761

884

302

141

153

214

350

360

359

784

Loss on sublease

-

-

-578

-

-

-

-

-

-

-

-

Stock-based compensation

9,589

9,862

7,439

7,047

5,049

3,107

3,385

2,797

3,143

3,087

2,831

Change in fair value of contingent consideration

-

356

145

-210

468

658

1,299

-2,000

-

-

-

Provisions for accounts receivable

75

231

351

34

174

-100

49

297

588

-51

510

Deferred tax provision (benefit)

885

-241

-1,008

-1,904

-1,958

-

-

-

-

-

-

Deferred tax provision (benefit)

-

-

-

-

-

-1,789

-1,814

-2,643

-11,003

-6,763

-5,653

Loss on disposal of fixed assets

-3

-66

-19

-

-3

-19

-66

-22

-3

-11

-5

Changes in operating assets and liabilities:
Accounts receivable and contract assets

1,363

4,488

6,028

-

-

-

-

-

-

-

-

Accounts receivable

-

-

-

-2,068

7,506

2,321

-897

-931

6,238

675

-2,856

Prepaid expense and other assets

-1,488

-885

-1,545

714

1,820

456

495

1,071

-1,401

31

112

Accounts payable

243

879

-2,381

1,732

-612

1,121

-48

1,953

-236

-202

-776

Contract liabilities

-1,253

-471

-387

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

1,409

-372

953

292

-951

593

-497

200

Debt issuance costs

-

-

38

2,730

-

-

-

-

-

-

-

Accrued expenses

-94

-1,958

-631

3,687

3,016

-7,523

7,890

1,585

-4,531

1,337

-10,115

Net cash provided by operating activities

20,437

19,128

11,444

12,359

8,310

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

7,007

23,055

10,730

871

5,747

4,056

Cash flows from investing activities
Acquisitions, net of cash acquired

-

-

889

55,187

537

890

-

24

13,684

-

-

Restricted cash

-

-

-

103

30

310

2

1

-5,699

5,750

-

Proceeds from sale of furniture, fixtures and equipment

-

-

-

-

-

-

-

-

20

-

-

Purchase of furniture, fixtures and equipment

1,922

3,999

3,169

2,359

1,378

2,170

1,901

1,823

1,690

957

1,239

Net cash used in investing activities

-1,922

-3,999

-4,058

-57,649

-1,945

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-3,370

-1,903

-1,848

-9,655

-6,707

-1,239

Cash flows from financing activities
Proceeds from debt

5,000

-

-

-

-

-

-

-

-

-

-

Proceeds from debt

-

-

-

72,281

-

-

55,000

-

-

-

-

Proceeds from issuance of common stock

-

-

-

12,000

-

-

-

-

-

-

-

Principal payments on borrowings

17,250

10,637

8,540

4,850

2,591

3,375

60,822

7,000

6,000

2,000

22,238

Payment of Alsbridge Notes

-

7,000

-

-

-

-

-

-

-

-

-

Proceeds from issuance of employee stock purchase plan shares

703

824

672

561

581

576

382

334

322

302

82

Debt issuance costs

-

-

-

-137

-

-

-

-

-

-

-

Debt financing costs

-

-

-

-

-

-

754

-

-

-

-

Payment of contingent consideration

865

1,200

2,665

3,854

2,322

-

-

-

-

-

-

Payment of contingent consideration

-

-

-

-

-

1,633

-

-

-

-

-

Installment payment for acquisitions

-

-

543

-

661

-

-

-

-

-

-

Dividend paid

-

-

-

-

5,189

-

-

-

-

-

-

Payments related to tax withholding for stock-based compensation

3,094

2,927

2,210

1,700

1,497

-

-

-

-

-

-

dividend paid

-

-

-

-

-

-

-

2,000

-

-

-

Tax expense from stock issuances

-

-

-

-147

310

346

851

-

-

-

-

Payment of contingent consideration

-

-

-

-

-

-

-

-

-

-

162

Equity securities repurchased

3,428

3,063

2,853

11,565

3,381

5,320

4,055

1,513

1,225

-

86

Net cash used in financing activities

-18,934

-24,003

-16,139

62,589

-14,750

-

-

-

-

-

-

Effect of exchange rate changes on cash

-65

-915

2,285

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-9,406

-9,398

-10,179

-6,903

-1,698

-22,080

Effect of exchange rate changes on cash

-

-

-

-649

-1,442

-1,654

-168

327

-145

173

903

Net decrease in cash, cash equivalents, and restricted cash

-484

-9,789

-6,468

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

16,650

-9,827

-7,423

11,586

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-970

-15,832

-2,485

-18,360

Supplemental disclosures of cash flow information:
Cash paid for:
Interest

5,690

5,978

5,596

1,926

1,464

1,785

2,406

2,609

2,914

2,910

4,157

Taxes, net of refunds

503

2,622

2,440

5,714

4,526

-

-

-

-

-

-

Taxes

-

-

-

-

-

5,721

6,636

1,966

3,904

7,712

5,205

Non-cash investing and financing activities:
Issuance of common stock for acquisition

-

-

-

10,944

-

-

-

-

-

-

-

Issuance of treasury stock for vested restricted stock awards

-

-

-

5,767

4,913

2,294

-

-

-

-

117

Issuance of convertible debt for acquisition

-

-

-

-

-

-

-

-

6,250

-

-

Issuance of treasury stock for vested restricted stock awards

1,362

5,188

7,100

-

-

-

1,256

1,276

832

-

-

Purchase price adjustments

-

-

-

-

-

-

-

-

-

-

240

Issuance of treasury stock for vested restricted stock awards

-

-

-

5,767

4,913

-

-

-

-

-

117