INSEEGO CORP. INSG Cash Flow

Inseego corp. (INSG)

CashFlow / Quarterly

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)
-18,166	-13,097	-8,823	-10,719	-7,471	-4,241	10,837	-6,679	-8,060	-3,894	-13,795	-12,037	-16,114	-27,420	-18,556	-2,693	-11,899	-14,401	-20,847	-9,220	-7,826	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,832	-17,415	-8,981	-	-5,093	-7,892	-9,122	-14,912	-31,933	-4,500	-37,921	-3,404	4,498	-3,898	-22,088
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization
4,500	5,656	5,562	3,769	3,439	3,169	3,245	3,432	3,887	3,176	3,436	3,583	4,079	3,217	3,603	3,635	3,598	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,091	1,197	1,196	1,519	1,848	1,916	2,125	2,175	2,230	2,234	2,310	2,590	2,775	2,979	3,993	4,086	4,096	4,778	4,908
Amortization of acquisition-related inventory step-up
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,829	3,332	179	535	51	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on goodwill and intangible assets impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Provision for bad debts, net of recoveries
15	24	306	155	230	19	222	82	232	632	254	631	101	1,040	-38	245	-111	360	105	-2	-41	-101	78	79	30	931	623	226	156	400	-49	50	38	-19	-64	101	22
Loss on impairment of abandoned product line, net of recoveries
-	-	-	-	-	-	-	-	-	-	82	1,407	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for excess and obsolete inventory, net of recoveries
33	591	53	27	309	-179	143	256	820	798	704	201	-29	677	1,027	242	1,311	233	511	93	206	349	0	2,853	180	1,275	1,246	1,758	65	1,180	1,347	65	251	113	256	200	120
Share-based compensation expense
1,553	1,347	1,253	3,645	1,057	1,198	1,734	1,064	880	806	963	888	1,091	1,151	1,115	1,256	1,066	3,123	1,254	1,183	790	1,972	377	762	477	595	959	940	949	2,091	1,752	1,823	1,834	1,926	1,571	1,191	1,295
Amortization of debt discount and debt issuance costs
1,697	2,443	2,443	2,443	2,443	2,444	2,442	2,443	2,443	2,443	2,758	2,734	2,348	2,112	2,112	2,111	2,112	2,111	2,112	469	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of inducement shares issued in Notes Exchange
7,933	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets
-	-	-	-	-	-	-	-	-	-	-477	-41	-130	452	-2,598	6,939	-51	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on impairment of purchased intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300	20,484	0	29,337	-	-	-	-
Deferred income taxes
2	-585	4	1	-18	18	2	-2	-4	310	24	-36	21	931	-527	-296	88	106	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,886	257	-658
Unrealized foreign currency transaction loss (gain), net
-	-	-	-	-	-	-	-	-	-478	851	-20	-37	-475	-967	-900	-1,171	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized foreign currency transaction loss, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from equity based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	46	-314	-72	120	-268	-97	14	-111	-	-	-	-
Other
514	509	-669	-560	-120	-795	-262	49	-1,014	-1,993	803	-203	-291	-87	712	-501	-394	-225	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Accounts receivable
8,590	-2,289	2,600	-3,978	3,290	-6,155	4,362	5,535	3,141	-5,024	-5,586	-3,403	8,375	-1,735	-5,423	-4,080	-378	-11,424	832	-279	6,111	-4,088	2,641	-4,313	-9,928	-6,625	8,584	-3,715	1,026	2,782	-7,811	-1,713	12,984	-17,391	12,879	-2,519	-19,406
Inventories
-8,876	552	-2,083	-3,242	7,850	13,216	1,724	-705	-2,798	617	-793	-2,447	-397	6,916	8,635	-8,743	-3,649	9,999	1,865	-6,455	-1,449	10,013	2,117	3,746	-2,484	2,043	-626	465	-8,761	3,669	-1,691	-3,645	1,247	-6,756	-737	-5,033	12,404
Prepaid expenses and other assets
983	-3,634	3,327	1,522	-314	-828	458	674	-3,555	-832	1,866	-1,615	3,820	-7,055	5,713	-449	922	-3,257	1,339	387	-1,152	3,703	870	248	-2,418	-1,680	1,561	663	-55	-1	-1,012	385	1,865	-177	-474	-495	-2,515
Accounts payable
1,921	-4,109	-5,026	-7,370	3,509	8,767	-25	9,997	-9,093	-2,698	-5,226	-7,125	14,319	-748	10,139	-7,153	-10,063	2,681	1,048	-11,315	-3,601	4,536	3,013	3,662	-1,175	-22,069	-1,490	4,966	-644	4,675	-4,239	-8,186	-2,683	-352	-2,976	4,961	-25,926
Accrued expenses, income taxes, and other
2,051	-133	2,460	-3,231	2,175	-3,653	84	243	289	-6,931	3,578	-7,738	2,347	-4,809	3,313	489	1,010	-3,551	149	-1,334	5,602	-8	-6,165	3,460	-2,085	-4,988	29	-273	499	3,405	-192	-2,488	2,913	-	-	-	-
Accrued expenses, income taxes, and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,665
Net cash provided by (used in) operating activities
328	-3,001	-4,943	-5,022	-5,033	2,104	-4,772	5,283	-4,380	215	-1,851	-9,763	-3,177	-6,630	819	5,570	-6,338	-639	-7,117	-12,047	-7,133	-6,783	-10,521	-4,358	5,395	-	-	-	1,883	-7,043	618	-5,231	-18,223	25,171	-9,183	19,006	-36,525
Cash flows from investing activities:
Installment payments related to past acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	76,928	0	0	9,063	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property, plant and equipment
567	2,452	1,196	2,545	428	402	283	327	326	52	293	527	917	564	382	45	448	979	383	502	111	240	272	728	513	-37	1,323	873	2,852	558	433	2,418	1,170	1,059	1,093	2,423	1,412
Proceeds from the sale of property, plant and equipment
163	63	0	404	50	35	79	5	25	71	0	124	58	237	247	30	115	46	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to capitalized software development costs and purchases of intangible assets
4,453	5,309	7,999	4,859	3,942	1,513	428	544	555	583	756	645	855	823	774	662	656	933	0	0	224	288	143	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,024	12,577	5,907	3,754	12,345	14,341	6,385	11,145	15,626	10,407	81	10,878
Marketable securities maturities / sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,462	8,568	3,381	6,564	9,166	17,215	11,357	3,159	19,190	15,447	6,585	5,474	16,383	10,865	2,030	45,644
Net cash used in investing activities
-4,857	-7,698	-9,195	-7,000	-4,320	-1,880	-632	-866	-856	-564	-1,049	-1,048	-1,714	-1,150	-734	7,908	-989	1,470	-383	-88,776	-9,398	4,830	7,724	1,827	6,051	-	-	-	-3,447	6,183	673	-2,218	-6,841	-367	-754	-574	33,354
Cash flows from financing activities:
Proceeds from Issuance of Preferred Stock and Preference Stock
25,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of short-term debt, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,900	3,400	3,000	7,000	9,000	5,000	0	0	-	-	-	-
Principal repayments of short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	298	2,268	6,765	2,525	6,266	2,178	9,000	5,000	0	0	-	-	-	-
Proceeds from Warrant Exercises
1,900	6,903	0	0	10,639	0	0	0	0	-	-	-	-	-	-	-	-	0	0	0	8,644	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net repayment of DigiCore bank and overdraft facilities
134	112	-765	-359	-35	-250	-995	10	-218	544	-1,201	665	-84	125	-1,010	201	-156	1,581	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments under finance lease obligations
657	-	-	-	268	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net borrowings from revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	2,750	-	-	-	3,400	0	0	-7,158	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Payoff of acquisition-related assumed liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,633	-	-	-	-	-	-	-	-	0	0	17	29	-	-	-	-
Principal payments under finance lease obligations
-	-	-	-	-	490	127	151	209	263	151	221	241	181	272	177	273	288	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28
Principal payments on mortgage bond
-	-	-	-	-	75	75	81	85	72	74	72	70	65	63	58	54	59	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash relating to short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-661	-	-	-	0	-	-	-	-
Taxes paid on vested restricted stock units, net of proceeds from stock option exercises
-24	1,739	-341	311	287	730	463	177	382	287	-62	54	-785	324	39	338	-9	750	-58	249	66	-446	-91	-67	-217	-	-	-	-304	-	-	-	-	-	-	-	-
Excess tax benefits from stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50
Net cash provided by financing activities
26,314	8,527	8,631	-312	10,623	-585	18,427	-45	-130	496	13,048	15,252	1,570	203	-1,306	-3,096	2,908	1,597	-58	109,551	8,077	-314	14,072	-365	-2,485	-	-	-	3,857	583	-151	928	-240	393	-21	-131	-546
Effect of exchange rates on cash
-3,318	301	-877	724	-407	-171	-312	-1,648	280	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash, cash equivalents and restricted cash
18,467	-1,871	-6,384	-11,610	863	-532	12,711	2,724	-5,086	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid on vested restricted stock units, net of proceeds from stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-151	945	-211	-	5	-54	-568
Effect of exchange rates on cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-188	306	-155	-102	110	-77	-136	-185	-29	-43	-37	-6	-45	-59	22	-42	-65	-20	4	-62	15	-55	-128	-1	55
Net decrease in cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-3,509	-7,271	-1,376	10,280	-4,309	2,351	-7,694	8,543	-8,483	-2,310	11,238	-2,902	8,916	-15,227	-6,725	6,591	2,228	-297	1,144	-6,583	-25,289	25,142	-10,086	18,300	-3,662
Supplemental disclosures of cash flow information:
Cash paid (received) during the year for:
Interest
124	3,065	904	4,127	1,200	4,037	1,243	4,150	1,212	-	-	-	-	-	-	-	-	-	-	-	36	-	74	0	6	34	27	4	0	16	0	0	1	1	4	1	2
Income taxes
352	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	814	3,608	149	3,425	114	3,444	154	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
-	356	-59	594	48	79	48	302	243	304	48	68	20	23	35	39	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures of non-cash activities:
Supplemental disclosures of non-cash activities:
Transfer of inventories to rental assets
727	1,036	1,076	845	791	955	842	1,034	1,142	1,718	1,475	1,476	1,274	2,513	736	1,500	819	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures financed through accounts payable
1,934	2,127	-1,227	-206	2,232	-498	2,153	4	21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets obtained in exchange for operating leases liabilities
4,217	1,140	0	0	3,554	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial fair value of warrant liability recorded upon issuance of Series C preferred and common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	0	0	384
Preferred Stock issued in extinguishment of term loan accrued interest
2,330	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt discount and issuance costs extinguished in notes conversion
1,728	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inseego Notes conversion to equity
59,907	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Novatel Wireless Notes conversion to equity
250	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock under amended earn-out agreement
-	-	-	-	-	-	-	-	-	0	0	0	2,638	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional debt discount on exchange of convertible senior notes
-	-	-	-	-	-	-	-	-	0	0	0	3,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	16	3	64	62	-1	34	26	4	61	19	20	-82	42	152	0