Inseego corp. (INSG)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income (loss)

-40,110

-8,143

-45,840

-60,568

-52,294

-39,229

-43,413

-

-

-

-

Net loss

-

-

-

-

-

-

-

-89,266

-24,892

-33,450

3,912

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization

18,426

13,733

14,274

14,053

8,323

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

7,408

8,949

12,337

17,868

11,711

12,994

Amortization of acquisition-related inventory step-up

-

-

-

1,829

4,097

0

0

-

-

-

-

Impairment of purchased intangible assets

-

-

-

2,594

0

0

-

-

-

167

-

Impairment loss on equipment, leasehold improvements and software license intangible assets

-

-

-

-

-

-

-

100

203

-

-

Loss on goodwill and intangible assets impairments

-

-

-

-

-

-

-

-

-

-

0

Gain on disposal of fixed assets

-

-

-

-

-

-

-

-

-

-

11

Impairment loss on equipment and intangible assets

-

-

-

-

-

-

-

-

-

-

92

Provision for bad debts, net of recoveries

715

555

1,618

1,136

422

86

1,936

439

40

141

35

Loss on impairment of abandoned product line, net of recoveries

-

-

-

-11,540

0

-

-

-

-

-

-

Loss on impairment of abandoned product line

-

-

-

-

-

0

-

-

-

-

-

Net impairment loss on marketable securities

-

-

-

-

-

-

-

-39

-346

0

-

Net impairment loss on marketable equity securities

-

-

-

-

-

-

-

-

-

-

0

Provision for excess and obsolete inventory, net of recoveries

980

1,040

1,674

3,257

1,043

3,382

4,344

2,843

689

1,874

2,305

Share-based compensation expense

7,302

4,876

3,748

4,588

6,350

3,588

3,443

7,500

5,983

6,471

6,882

Amortization of debt discount and debt issuance costs

9,772

9,772

10,283

8,447

4,692

0

0

-

-

-

-

Amortization of debt issuance costs

-

-

-

-

-

-

-

-

-

541

0

Loss on extinguishment of debt, net

-

-

-2,035

0

0

-

-

-

-

-2,370

0

Loss on disposal of assets

-

-

-

4,742

50

0

-

-

-

-

-

Change in fair value of warrant liability

-

-

-

-

-

3,280

-

-

-

-

-

Loss on impairment of purchased intangible assets

-

-

-

-

-

-

-

49,521

3,277

0

-

Non-cash change in acquisition-related escrow

-

-

-

0

-8,286

0

-

-

-

-

-

Deferred income taxes

-598

14

319

196

106

87

-

-

-

-

-1,798

Non-cash gain on extinguishment of acquisition-related liabilities

0

17,200

0

-

-

-

-

-

-

-

-

Non-cash equity earn-out compensation expense

-

-

-

7,913

0

0

-

-

-

-

-

Reversal of market development fund accrual

-

-

-

-2,109

0

0

-

-

-

-

-

Unrealized foreign currency transaction loss (gain), net

-

-

316

-3,513

1,298

0

-

-

-

-

-

Change in fair value of warrant liability

-

-

-

-

-

-

0

0

-

-

-

Unrealized foreign currency transaction loss, net

-

-

-

-

-

-

0

-

-

-

-

Shareholder litigation loss

-

-

-

-

-

-

14,326

0

-

-

-

Contingent loss for litigation

-

-

-

-

-

-

-

-

0

-

-

Excess tax benefits from equity based compensation

-

-

-

-

-

-

-

-

-

112

282

Deferred income taxes

-

-

-

-

-

-

-220

-462

9,185

-7,766

-

Unrealized foreign currency transaction gain

-

-

-

-

-

-

0

-

-

-

-

Other

-840

-2,022

-1,684

-270

-225

0

-418

-

-

-

-

Changes in assets and liabilities:
Restricted cash

-

-

-

0

0

0

0

-

-

-

-

Accounts receivable

-377

6,883

-5,638

-11,616

-4,760

-15,688

-730

6,242

-26,437

19,963

-3,738

Inventories

3,077

11,437

-3,020

3,159

3,960

13,392

-6,879

-420

-122

9,527

5,514

Prepaid expenses and other assets

901

-3,251

3,239

-869

-2,683

2,403

489

1,237

-3,661

2,461

-4,826

Accounts payable

-12,996

9,646

-730

-7,825

-11,187

10,036

-19,237

-10,433

-24,293

46,020

3,930

Accrued expenses, income taxes, and other

1,271

-3,037

-8,744

3

866

-4,798

-4,733

3,638

-1,787

-5,337

-

Accrued expenses, income taxes, and other

-

-

-

-

-

-

-

-

-

-

5,552

Net cash provided by (used in) operating activities

-17,999

-1,765

-14,576

-6,579

-26,936

-16,267

-26,627

-29,879

-1,531

6,211

36,661

Cash flows from investing activities:
Acquisition-related escrow

-

-

-

0

8,275

-

-

-

-

-

-

Installment payments related to past acquisitions

-

-

-

3,750

85,991

0

0

-

-

72,247

0

Purchases of property, plant and equipment

6,621

1,338

1,789

1,439

1,975

1,753

5,011

4,579

5,987

10,785

5,770

Proceeds from the sale of property, plant and equipment

517

144

253

629

46

0

0

-

-

-

-

Proceeds from the sale of divested assets

-

-

-

11,300

0

0

-

-

-

-

-

Additions to capitalized software development costs and purchases of intangible assets

22,109

3,040

2,839

2,915

1,157

431

0

104

284

110

1,066

Proceeds from the sale of short-term investments

-

-

-

-1,210

-265

0

0

-

-

-

-

Purchases of marketable securities

-

-

-

-

-

1,359

24,262

44,216

36,992

178,712

76,967

Marketable securities maturities / sales

-

-

-

-

-

23,975

40,897

46,696

74,922

174,286

66,399

Net cash used in investing activities

-28,213

-4,234

-4,375

5,035

-97,087

20,432

11,624

-2,203

31,659

-87,568

-17,404

Cash flows from financing activities:
Proceeds from Issuance of Preferred Stock and Preference Stock

10,000

0

-

-

-

-

-

-

-

-

-

Gross proceeds received from private placement

0

19,661

0

-

-

-

-

-

-

-

-

Payments of Stock Issuance Costs

0

500

0

-

-

-

-

-

-

-

-

Proceeds from term loans

-

-

64,917

0

0

-

-

-

-

-

-

Payment of issuance costs related to term loans

-

-

905

0

0

0

0

-

-

-

-

Proceeds from the issuance of Series C preferred stock and common stock, net of issuance costs

-

-

-

-

-

14,163

0

0

-

-

-

Proceeds from the issuance of short-term debt, net of issuance costs

-

-

-

-

-

-

20,300

14,000

12,000

27,415

0

Principal repayments of short-term debt

0

500

20,000

0

0

2,566

17,734

14,000

12,000

30,000

0

Gross proceeds from the issuance of convertible senior notes

-

-

-

0

120,000

0

0

-

-

-

-

Payment of issuance costs related to convertible senior notes

-

-

-

0

3,927

-

-

-

-

-

-

Repurchase of convertible senior notes

-

-

11,900

0

0

-

-

-

-

-

-

Proceeds from Warrant Exercises

17,542

0

-

0

8,644

0

0

-

-

-

-

Net repayment of DigiCore bank and overdraft facilities

-1,047

-1,453

-76

-840

1,581

0

0

-

-

-

-

Net borrowings from revolving credit facility

-

-

-

0

-5,158

5,158

0

-

-

-

-

Borrowings on revolving credit facility

-

-

-

-

-

-

-

0

-

-

-

Payoff of acquisition-related assumed liabilities

-

-

-

0

2,633

0

0

46

109

134

-

Principal payments under finance lease obligations

1,022

977

876

903

288

0

0

-

-

-

197

Principal payments on mortgage bond

0

316

288

240

59

0

0

-

-

-

-

Repayment of litigation settlement note payable, including interest

-

-

-

-

-

5,026

0

0

-

-

-

Taxes paid on vested restricted stock units, net of proceeds from stock option exercises

1,996

1,752

-506

692

1,007

-821

-552

1,166

-196

-

-

Excess tax benefits from stock options exercised

-

-

-

-

-

-

-

-

-

112

282

Deposit of restricted funds

-

-

-

-

-

-

-

-

-

188,890

0

Remittance from restricted funds

-

-

-

-

-

-

-

-

-

188,890

0

Net cash provided by financing activities

27,469

17,667

30,366

-1,291

119,167

10,908

2,014

1,120

-305

-1,116

2,755

Effect of exchange rates on cash

-259

-1,851

-50

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

-19,002

9,817

11,365

-

-

-

-

-

-

-

-

Taxes paid on vested restricted stock units, net of proceeds from stock option exercises

-

-

-

-

-

-

-

-

-

1,491

2,670

Effect of exchange rates on cash, cash equivalents and restricted cash

-

-

-

159

-427

-131

-144

-63

-129

-177

280

Net decrease in cash, cash equivalents and restricted cash

-

-

-

-2,676

-5,283

14,942

-13,133

-31,025

29,694

-82,650

22,292

Supplemental disclosures of cash flow information:
Cash paid (received) during the year for:
Interest

9,296

10,642

9,074

-

-

-

65

17

8

181

12

Interest

-

-

-

7,137

3,640

119

-

-

-

-

-

Income taxes

939

672

440

115

139

108

-

-

-

-

-

Supplemental disclosures of non-cash activities:
Supplemental disclosures of non-cash activities:
Transfer of inventories to rental assets

3,748

3,973

5,943

5,568

1,032

0

-

-

-

-

-

Capital expenditures financed through accounts payable

2,926

1,680

0

-

-

-

-

-

-

-

-

Purchases of property, plant and equipment under capital lease

1,341

1,563

290

-

-

-

-

-

-

-

-

Right-of-use assets obtained in exchange for operating leases liabilities

4,694

-

-

-

-

-

-

-

-

-

-

Initial fair value of warrant liability recorded upon issuance of Series C preferred and common stock

-

-

-

-

-

4,939

0

0

386

0

0

Preferred Stock issued in extinguishment of term loan accrued interest

-

-

-

-

-

940

0

0

-

-

-

Issuance of common stock under settlement agreement

1,439

925

0

-

-

-

-

-

-

-

-

Building rent incentives to fund leasehold improvements

-

-

-

-

-

-

-

0

1,869

0

0

Issuance of common stock under amended earn-out agreement

-

-

2,638

0

0

5,000

0

0

-

-

-

Additional debt discount on exchange of convertible senior notes

-

-

3,600

0

0

-

-

-

-

-

-

Term loan debt discount issued in common stock

-

-

2,340

0

0

-

-

-

-

-

-

Income taxes

-

-

-

-

-

-

121

104

112

299

294

Accrued debt issuance costs

-

-

-

-

-

-

-

-

-

326

0