Inovalon Holdings, Inc. INOV Cash Flow

Inovalon holdings, inc. (INOV)

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
Cash flows from operating activities:
Net loss
14,415	7,775	-7,963	-15,649	-30,653	-39,164	-10,695	-1,610	14,342	34,818	18,050	17,616	28,381	27,104	42,471	44,784	54,669	66,063	63,514	67,060	64,554	65,352	0	0	0
Adjustments to reconcile net loss to net cash provided by operating activities:
Stock-based compensation expense
22,247	20,230	18,822	17,791	17,653	16,162	16,139	16,366	17,469	17,318	16,027	13,170	11,559	10,054	8,068	7,949	7,735	7,415	7,253	5,766	4,280	2,894	0	0	0
Depreciation
56,949	55,900	55,481	55,296	54,102	52,700	50,011	46,096	41,555	37,900	34,839	32,284	30,385	28,078	25,906	23,533	21,415	19,221	18,010	17,433	16,563	15,512	0	0	0
Amortization of intangibles
52,138	52,300	52,732	52,585	53,265	44,000	34,432	25,326	15,440	15,200	15,165	13,074	10,990	9,206	7,268	6,263	4,697	3,412	2,111	2,205	3,377	4,368	0	0	0
Amortization of premiums on short-term investments
-	-	-	-	-	-	-	-	-	-	-2,232	-2,428	-2,883	-3,163	0	0	0	-	-	-	-	-	-	-	-
Amortization of debt issuance costs and debt discount
4,677	4,598	4,313	4,269	4,210	3,138	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax payments for equity award issuances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Deferred income taxes
-786	-3,276	-3,624	-1,180	-9,244	-12,495	-16,776	-17,303	-12,474	-6,665	-170	-3,599	-601	-1,740	3,390	7,927	5,027	5,786	1,398	-2,291	769	1,882	0	0	0
Loss on sale of short-term investments
-	-	-	-	-	-	-	-	-	-	-	0	8	-	0	0	0	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Loss on disposal of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0
Loss on disposal of equipment
-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration
-155	115	-2,085	-971	7,391	7,212	7,064	3,500	-5,000	-5,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
-2,301	-877	1,237	429	398	621	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Accounts receivable
19,602	35,109	19,251	1,759	22,282	-3,280	7,282	-1,818	-26,741	977	-8,610	-8,043	19,494	-4,683	-13,438	-5,079	-5,356	24,475	28,482	28,202	11,438	10,539	0	0	0
Prepaid expenses and other current assets
-948	489	14,340	18,414	18,244	20,002	5,191	559	-1,672	-3,346	663	4,555	2,030	6,198	3,086	571	6,441	1,110	2,492	3,648	2,187	3,484	0	0	0
Income taxes receivable
475	-5,979	-5,655	-7,777	-4,861	-2,208	6,269	4,365	-1,089	-3,293	-7,136	-1,496	-3,983	-3,639	-10,839	-10,499	-3,065	-7,825	-4,185	0	0	2,025	0	0	0
Other assets
5,977	5,096	3,719	2,034	926	4,209	5,319	6,769	5,729	3,355	2,840	-1,702	-3,103	-4,071	-4,308	2,028	1,527	1,776	2,108	-104	360	1,035	0	0	0
Accounts payable and accrued expenses
7,582	10,608	945	7,101	-4,156	-6,007	-2,845	-8,084	6,514	8,252	8,093	9,852	-1,200	-3,463	-6,319	-3,042	3,965	4,474	5,555	1,243	124	2,120	0	0	0
Accrued compensation
-2,627	9,329	7,036	2,851	9,707	9,292	10,235	5,254	5,480	3,030	-501	583	-2,347	243	-22,779	-5,694	-3,687	-6,178	22,864	3,801	2,185	7,686	0	0	0
Other current and non-current liabilities
-6,984	-6,044	6,468	1,841	15,336	19,891	5,092	5,458	-2,498	-5,813	403	5,331	6,987	10,479	7,858	8,031	4,809	2,788	1,034	1,185	1,580	1,314	0	0	0
Deferred rent
-	-	-	-	-	-	-	-	-	-	-909	-864	-835	-770	-734	-686	-615	-575	-602	-563	-481	-357	0	0	0
Deferred revenue
-2,202	-6,964	11,385	11,609	3,584	6,674	-8,961	-8,611	-14,476	-4,360	6,053	2,968	7,371	3,907	1,302	2,423	927	3	1,115	46	1,896	1,388	0	0	0
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0
Net cash provided by operating activities
105,824	106,480	99,638	110,189	98,282	90,401	79,773	76,711	102,249	97,706	105,159	101,543	80,862	92,830	92,017	80,224	81,036	67,554	79,836	73,019	80,205	85,528	0	0	0
Cash flows from investing activities:
Maturities of short-term investments
1,800	6,964	11,345	15,151	38,282	96,588	115,927	157,072	178,271	174,416	202,222	241,002	275,468	300,524	0	0	0	-	-	-	-	-	-	-	-
Sales of short-term investments
-	-	-	-	-	161,772	162,947	162,947	162,947	1,175	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	164,737	0	0	0	-	-	-	-	-	-	-	-
Purchases of property and equipment
24,546	22,809	19,584	17,539	19,656	25,505	34,964	39,861	39,245	32,565	25,637	20,277	18,272	19,360	13,214	12,358	9,201	6,486	5,710	6,597	7,237	7,518	0	0	0
Investment in capitalized software
39,444	36,130	35,072	33,713	35,970	39,469	41,605	40,115	38,497	32,977	27,189	26,213	22,483	19,668	19,614	18,518	17,583	19,951	18,438	17,905	15,847	15,164	0	0	0
Net cash used in investing activities
-62,190	-51,975	-43,311	-36,101	-1,100,084	-889,354	-880,435	-846,187	259,986	106,559	57,397	104,972	93,081	39,799	13,368	-135,483	-764,061	-768,320	-696,376	-629,127	-23,021	-22,619	0	0	0
Cash flows from financing activities:
Proceeds from issuance of common stock, net of underwriters discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	362,082	0	0	0	-	-	-	-
Proceeds from issuance of treasury stock, net of underwriters discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	282,172	0	0	0	-	-	-	-
Payment of offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,182	0	0	0	-	-	-	-
Repurchase of common stock
-	-	-	-	-	-	-	-	-	93,586	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from credit facility borrowings
99,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of credit facility borrowings
59,800	59,800	9,800	7,350	229,900	238,700	243,750	251,250	33,750	30,000	26,250	22,500	18,750	15,000	15,000	16,250	17,500	18,750	0	0	0	-	-	-	-
Payments for debt issuance costs
1,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,852	0	0	0
Proceeds from exercise of stock options
3,852	3,669	3,526	2,037	383	1,833	2,814	3,564	6,392	4,967	4,835	4,766	2,349	6,165	0	0	0	-	-	-	-	720	0	0	0
Finance lease liabilities paid
2,352	2,393	2,261	2,152	1,842	1,201	738	366	28	113	169	143	201	116	61	90	117	112	111	116	123	130	0	0	0
Tax payments for equity award issuances
7,739	5,878	5,153	4,780	3,990	3,363	5,134	5,095	4,534	4,272	1,569	1,649	1,513	1,498	0	0	0	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Increase in cash and cash equivalents
62,995	-22,497	30,039	61,843	-290,120	-93,353	-129,039	-124,005	262,112	81,261	18,169	32,217	21,003	13,649	47,879	-34,638	-666,229	-48,533	34,560	74,353	685,180	51,973	0	0	0
Net cash (used in) provided by financing activities
19,361	-77,002	-26,288	-12,245	711,682	705,600	671,623	645,471	-100,123	-123,004	-144,387	-174,298	-152,940	-118,980	-57,506	20,621	16,796	652,233	651,100	630,461	627,996	-10,936	0	0	0
Supplemental cash flow disclosure:
Income taxes paid (received), net
-2,300	-4,588	-5,597	-9,497	-6,272	-4,136	-3,360	690	978	962	1,828	7,902	10,445	11,117	10,347	21,708	34,316	35,038	42,634	42,283	44,508	43,115	0	0	0
Interest paid
60,258	62,768	63,816	63,907	57,416	43,573	29,174	14,263	6,367	5,972	5,651	5,295	5,004	4,835	4,655	4,550	4,478	4,359	0	0	0	-	-	-	-
Non-cash transactions:
Operating lease obligations incurred
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance lease obligations incurred
-	-	-	-	-	-	0	0	16,767	-	0	0	0	-	-	-	-	-	-	-	-	14	0	0	0
Accruals for purchases of property and equipment
3,172	3,156	6,657	5,698	7,012	12,097	7,329	10,443	11,862	7,924	8,295	5,213	2,620	816	1,916	1,989	2,565	3,189	2,572	1,345	3,243	2,089	0	0	0
Accruals for investment in capitalized software
1,612	1,948	1,063	1,081	1,389	1,495	1,269	3,250	1,601	2,711	4,313	1,989	3,852	913	149	496	156	567	1,699	659	1,166	978	0	0	0
Accruals for purchase of intangible assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Offering costs not yet paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-