Inspired entertainment, inc. (INSE)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14
Cash flows from operating activities:
Net loss

-49,400

-37,000

-28,929

-32,329

-25,631

-21,129

-20,555

-17,935

-22,264

-30,886

-49,114

-40,312

-33,158

-24,284

-18,775

-19,017

-19,731

-19,671

-2,935

-2,218

0

0

0

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization

44,900

42,000

36,689

38,989

40,469

41,889

41,860

41,193

39,318

36,202

33,810

31,312

31,738

32,906

35,010

0

0

0

-

-

-

-

-

Amortization of right of use asset

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

-

-

-

-

-

5,815

7,089

7,121

7,048

7,088

4,235

2,703

1,327

36

0

0

0

0

-

-

-

-

-

Change in fair value of derivative liability

-

3,000

3,652

-6,548

-5,301

-4,948

-5,481

1,783

1,566

-190

-385

0

0

0

-

-

-

0

-

-

-

-

-

Change in fair value of earnout liability

-

-2,300

-632

268

-386

5,668

8,657

3,892

2,163

-3,746

-7,127

-3,262

-879

1,276

0

0

0

0

-

-

-

-

-

Impairment of investment in equity method investee

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency translation on senior bank debt

-7,500

-800

-7,697

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency translation on cross currency swaps

-

3,600

6,025

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reclassification of gain on hedging instrument to comprehensive income

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on securities held in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Non-cash interest expense relating to PIK loan notes

-

-

-

-

-

-

-

-

-

-

9,179

17,296

27,396

37,689

39,212

0

0

0

-

-

-

0

0

Non-cash interest expense relating to senior debt

8,900

9,000

1,922

2,322

3,965

5,322

6,724

12,670

10,727

8,770

6,846

0

0

0

-

-

-

-

-

-

-

-

-

Changes in inventory reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

Unrealized gain on marketable securities held in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

Interest earned on cash and marketable securities held in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

Changes in assets and liabilities:
Accounts receivable

4,300

-3,300

-3,489

-6,189

1,288

111

-5,312

3,624

-7,988

-4,120

4,566

-594

-5,515

-9,579

-6,696

0

0

0

-

-

-

-

-

Inventory

-2,600

-2,000

290

-610

-1,155

990

428

1,820

-1,185

-2,848

-2,737

-3,758

-647

-781

607

0

0

0

-

-

-

-

-

Prepaid expenses and other assets

-7,100

-3,300

-5,094

-5,394

-3,906

-3,694

-1,250

926

5,582

8,478

5,952

3,949

317

-814

-4,558

-4,567

-4,540

-4,589

0

0

0

-

-

Corporate tax and other current taxes payable

-3,200

-3,600

-1,919

-619

360

-919

-1,860

-2,743

-2,974

-3,562

-1,809

-2,004

-1,953

309

-840

0

0

0

-

-

-

-

-

Accounts payable

7,400

6,900

4,931

931

2,850

331

-4,029

1,578

2,086

3,830

10,497

7,398

-910

602

700

0

0

0

-

-

-

-

-

Other current liabilities

-

-

-

-

-

-

-

3

162

12

61

-1

-75

10

-290

0

0

0

-

-

-

-

-

Deferred revenues and customer prepayment

-6,500

-9,500

-4,780

-2,880

-1,101

3,120

6,458

10,658

10,896

10,387

6,831

1,838

-1,588

-3,075

-3,997

0

0

0

-

-

-

-

-

Accrued expenses

14,000

7,200

1,698

3,298

1,533

198

-2,762

-5,170

-4,513

-5,096

-611

379

524

4,264

-657

0

0

0

-

-

-

-

-

Operating lease liabilities

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

2,800

1,900

-1,477

-3,277

-5,365

-6,177

-5,832

-4,946

-4,686

-3,574

-3,438

-2,390

-2,548

-3,411

-3,971

0

0

0

-

-

-

-

-

Net cash provided by operating activities

33,500

30,700

23,295

37,095

36,926

35,295

34,291

31,843

37,112

27,047

18,251

0

0

0

-

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-1

18

-1

104

148

0

0

0

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,674

1,824

2,735

2,560

2,148

1,761

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,410

-7,445

-7,265

-7,285

-853

-607

0

0

0

Purchases of property and equipment

17,400

10,500

8,115

15,115

24,520

25,115

24,813

17,269

11,033

15,698

15,117

13,034

9,874

7,843

9,479

0

0

0

-

-

-

-

-

Disposals of property and equipment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of capital software

16,700

17,000

15,016

16,116

16,490

17,616

18,100

17,164

17,946

18,867

20,268

22,701

23,413

22,505

22,423

0

0

0

-

-

-

-

-

Net cash used in investing activities

-139,200

-133,400

-23,131

-31,231

-40,810

-42,731

-42,913

-34,433

-28,979

-34,565

-35,385

-29,007

-10,467

-7,528

-9,082

0

0

0

-

-

-

-

-

Cash flows from financing activities:
Proceeds from issuance of long-term debt

-

-

-

-

-

-

146,043

3,511

5,251

-1,372

0

4,551

2,498

4,841

11,196

0

0

0

-

-

-

-

-

Proceeds from issuance of revolver

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of revolver and long-term debt, including exit premium

-

-

-

-

-

-

129,813

10,910

10,910

10,910

3,197

0

0

0

-

-

0

0

-

-

-

-

-

Payment of financing costs

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of finance leases

400

500

400

500

505

500

540

906

1,409

660

557

0

0

0

-

-

-

-

-

-

-

-

-

Cash received in connection with Merger

-

-

-

-

-

-

-

-

-

-

36,664

36,664

36,664

36,664

0

0

0

0

-

-

-

-

-

Proceeds from sale of common stock

-

-

-

-

-

-

-

-

-

-

1,645

1,645

1,645

1,645

0

0

0

0

-

-

-

0

0

Net cash provided by (used in) financing activities

135,900

113,500

8,422

18,422

9,070

12,322

11,090

-8,305

-7,068

-12,942

34,555

0

0

0

-

-

-

-

-

-

-

-

-

Payment of offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from convertible promissory notes - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

500

500

0

0

169

0

0

0

Repayment of advances from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

22

47

0

0

0

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,427

14,227

14,227

13,726

81,212

81,303

0

0

0

Effect of exchange rate changes on cash

-700

2,300

-1,449

-749

421

151

-7

-1,616

-991

513

1,121

2,662

1,391

-80

-369

0

0

0

-

-

-

-

-

Net increase in cash

29,500

13,100

7,137

23,537

5,607

5,037

2,461

-12,511

74

-19,947

18,542

21,215

11,557

29,412

-2,053

-2,346

-2,213

-2,733

358

696

0

0

0

Supplemental cash flow disclosures
Cash paid during the period for interest

8,700

12,600

16,639

16,539

18,419

14,539

16,675

12,616

11,294

11,390

10,503

10,284

11,386

11,092

12,200

0

0

0

-

-

-

-

-

Cash paid during the period for income taxes

-

-

-

-

-

-

-

-

-

-

356

68

53

28

13

11

8

8

8

7

0

0

0

Cash paid during the period for operating leases

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of noncash investing and financing activities
Lease liabilities arising from obtaining right of use assets

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustment to goodwill arising from adjustment to fair value of assets acquired

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid in capital from net settlement of RSUs

-

-

-

-

-

-2,082

-

-1,043

-1,043

1,043

0

0

0

0

-

-

-

-

-

-

-

-

-

Additional paid in capital reclassified to derivative liability

-

-

-

-

-

-

4,282

4,282

4,330

1,482

0

0

0

0

-

-

-

-

-

-

-

-

-

Derivative liability reclassified to accrued expenses

-

-

-

-

-

-

100

126

126

126

0

0

0

0

-

-

-

-

-

-

-

-

-

Fair value adjustment of PIK shareholder loans

-

-

-

-

-

-

-

-

-

-

174,990

0

0

0

-

-

-

0

-

-

-

-

-

Payment of offering costs and operational costs pursuant to related party advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

45

47

0

0

0

Change in value of common stock subject to possible redemption

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

Offering costs included in accrued offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Offering costs paid by related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0