Innerworkings, inc. (INWK)
CashFlow / TTM
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net (loss) income

-10,075

-35,567

-78,331

-77,461

-76,683

-48,220

3,834

8,507

15,869

0

0

12,763

-

-41,935

-42,225

-36,663

-32,389

45,457

46,634

44,585

43,736

6,540

-7,639

-5,569

-8,660

18,095

31,465

32,305

38,794

18,494

18,328

17,513

16,616

0

0

0

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

12,328

11,489

11,664

11,946

12,988

14,425

14,477

14,145

13,390

12,937

14,686

16,224

17,916

19,011

18,430

17,977

17,472

17,633

17,535

17,643

17,723

17,601

17,094

15,369

13,664

11,707

10,523

10,812

10,790

10,859

10,658

10,193

10,171

0

0

0

Stock-based compensation expense

6,281

5,897

4,620

4,624

5,302

5,148

6,722

6,818

6,820

6,771

6,135

5,750

5,572

5,115

4,603

5,053

5,873

6,182

6,330

6,016

5,352

5,720

5,327

5,156

4,733

0

0

0

-

-

-

-

-

-

0

0

Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Deferred income taxes

-

-

-

-4,471

-

-

-

3,625

4,073

4,302

4,293

5,250

4,226

4,124

5,077

5,340

5,879

-1,730

-1,703

-2,708

-2,649

-3,470

-959

-1,185

-653

1,122

-1,080

-1,312

-995

4,076

238

1,798

749

0

0

0

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

-

-

-

-

-

-

-

-

677

1,119

2,074

7,466

10,417

8,014

7,927

1,327

-270

-34,439

-36,710

-36,864

-37,873

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing cost amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Gain on sale of investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,196

1,830

2,465

3,216

3,948

0

0

0

Accounts Receivable, Credit Loss Expense (Reversal)

1,068

4,160

3,660

3,448

3,601

1,074

1,002

817

454

1,006

2,253

1,690

2,171

-19

-238

1,466

1,685

4,469

3,462

2,789

1,984

1,564

1,570

1,340

1,285

0

0

0

-

-

-

-

2,414

0

0

0

Contract implementation cost amortization

300

339

383

451

433

344

263

125

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from exercise of stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,619

-3,453

286

3,454

6,666

0

0

0

-

-

-

-

Change in fair value of contingent consideration liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

Other operating activities, net

1,150

1,149

633

305

255

-136

-48

210

210

211

209

210

210

51

157

209

210

367

312

312

364

383

336

287

239

700

563

413

533

0

0

0

-

-

-

-

Accounts receivable and unbilled revenue

12,254

22,585

27,398

15,771

-4,470

329

-6,392

13,026

41,871

26,810

24,533

-8,532

2,651

-9,668

1,054

22,491

10,580

28,556

9,747

5,616

14,793

16,729

25,600

16,666

4,843

0

0

0

-

-

-

30,226

25,406

0

0

0

Accounts receivable and unbilled revenue

12,254

22,585

27,398

15,771

-4,470

329

-6,392

13,026

41,871

26,810

24,533

-8,532

2,651

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Inventories

-20,980

8,337

11,464

9,021

16,039

2,988

6,222

1,888

4,245

1,344

-8,970

-5,676

-6,355

-10,747

-6,933

2,734

9,676

16,356

17,734

8,245

635

8,791

3,603

3,182

1,384

10,809

3,089

2,289

3,089

-6,788

-615

1,038

2,854

0

0

0

Prepaid expenses and other assets

6,529

19,118

11,622

705

-2,120

11,218

3,487

9,774

13,882

11,151

14,919

15,341

8,206

2,145

2,217

1,271

4,140

5,346

-4,307

-1,781

7,335

10,272

9,779

586

-2,332

-14,161

1,813

5,904

13,077

15,165

6,230

5,105

2,635

0

0

0

Accounts payable

-15,634

13,638

22,650

34,156

21,585

31,051

-4,009

5,570

18,096

538

-13,532

-15,278

-38,408

-13,043

1,472

-2,574

25,102

-15,161

-27,245

-29,903

-25,199

19,447

41,324

26,786

29,643

2,983

12,699

2,526

14,818

19,598

14,008

20,897

27,451

0

0

0

Advances to (from) related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accrued expenses and other liabilities

-

-

0

-17,254

-

-

0

28,096

-

11,000

8,890

5,365

12,069

15,718

14,274

18,817

3,582

-8,653

-9,263

-3,636

3,345

1,432

-2,868

-4,727

-12,121

-5,029

-5,279

-3,298

4,160

-5,485

6,117

3,878

3,885

0

0

0

Net Cash Provided by (Used in) Operating Activities

22,470

3,175

1,707

-5,759

23,058

38,542

36,687

45,887

11,698

16,553

8,159

34,346

9,660

32,315

47,842

25,111

43,402

-9,022

-13,615

-10,382

-12,515

11,869

30,272

29,805

37,371

0

0

0

-

-

-

13,307

27,830

0

0

0

Cash flows from investing activities:
Purchases of property and equipment

13,378

13,440

12,654

11,734

11,263

10,044

10,949

12,315

12,483

13,091

12,898

12,374

13,319

1,036

10,104

15,302

15,034

27,710

18,654

13,351

14,116

14,440

14,238

13,823

12,226

13,052

12,600

12,847

11,823

9,916

9,005

8,284

8,182

0

0

0

Payments for acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,301

20,090

12,857

5,802

1,127

5,408

8,633

11,076

14,782

0

0

0

Proceeds from sale of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,213

1,581

2,464

3,216

3,952

0

0

0

Other investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-31

0

0

0

-

-

-

-

Net Cash Provided by (Used in) Investing Activities

-14,099

-13,708

-12,532

-11,612

-11,141

-10,044

-10,949

-12,315

-12,483

-13,091

-12,898

-12,374

-13,319

-1,036

-10,104

-15,302

-15,034

-27,709

-18,654

-13,945

-14,710

-14,540

-22,574

-26,862

-31,527

0

0

0

-

-

-

-28,379

-31,260

0

0

0

Cash flows from financing activities:
Net borrowings from revolving credit facility

-

-

0

19,762

-

-

0

-16,409

-

16,275

7,677

-4,100

8,739

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from lines of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

17,500

5,300

-900

5,000

20,800

19,100

23,500

12,600

0

0

0

Net short-term secured repayments

-

-

0

1,717

-

-

0

19,524

-

1,858

338

1,407

405

-1,825

-1,452

-2,690

-799

107

1,179

2,706

2,618

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

0

0

0

17,641

25,689

26,533

26,533

14,591

10,885

10,041

10,041

4,342

0

0

0

0

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from exercise of stock awards

-

-

-

-

-

-

-

-

-

-

-

-

4,030

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

5,488

5,488

1,480

1,130

545

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock Repurchased During Period, Value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

8,393

9,539

8,097

8,010

10,624

3,668

5,594

5,769

7,577

7,348

4,189

7,298

7,652

7,475

7,670

7,178

0

0

0

-

-

-

-

Principal payments on capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Proceeds from exercise of stock options

63

192

324

601

545

1,255

1,628

2,481

2,663

2,458

2,865

1,841

2,636

1,909

1,647

2,140

1,195

1,657

1,312

772

778

473

265

1,202

2,005

3,439

6,129

5,750

5,458

4,072

1,300

883

354

0

0

0

Excess tax benefit from exercise of stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

Other financing activities, net

-245

-557

-522

-1,023

-1,061

-1,052

-1,732

-1,128

-1,156

-25,932

-10,114

-19,357

-866

24,325

8,812

17,900

-594

-1,561

-403

-497

-399

321

-647

-374

-411

-274

-36

-39

-7

0

0

0

-

-

-

-

Net cash provided by (used in) financing activities

8,977

20,682

17,360

2,286

-13,736

-26,639

-19,834

-21,112

-525

0

0

0

-

-

-

-

-18,386

13,901

18,027

18,495

32,256

6,135

1,153

7,243

-4,648

0

0

0

-

-

-

24,120

11,753

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-

-

0

-2,538

-

-

0

1,094

-

379

104

-490

-607

560

-187

-625

-1,805

-2,868

-2,727

-1,885

-1,059

-535

347

327

191

164

-256

-670

-289

-548

-429

-268

-362

0

0

0

Increase (Decrease) in cash and cash equivalents

-

-

0

-17,623

-

-

0

13,554

-

6,895

-8,069

8,991

169

24,333

25,212

7,522

8,177

-25,700

-16,970

-7,717

3,972

2,928

9,199

10,514

1,387

10,068

2,192

-5,056

3,999

-420

3,995

8,779

7,960

0

0

0