Jetpay corp (JTPY)
CashFlow / Quarterly
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12
Operating Activities
Net loss

-1,151

1,512

-371

-2,191

-414

-1,181

681

-304

-1,340

-5,566

-1,005

-199

-384

-395

-220

-1,047

-2,054

-2,371

-1,386

-681

-3,510

-1,652

885

-6,653

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

397

374

313

286

267

248

231

181

173

188

179

152

123

115

109

87

94

103

103

96

93

103

96

0

Stock-based compensation

127

159

185

190

170

190

171

114

121

92

72

75

61

64

78

96

92

88

80

84

110

0

0

0

Employee stock purchase plan expense

9

9

10

12

11

10

13

18

17

6

6

0

0

0

0

-

-

-

-

-

-

-

-

-

Common Stock issued as compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6

-

-

-

-

-

Amortization of intangibles

849

848

848

869

874

875

874

867

865

779

733

759

768

767

768

699

560

560

560

561

560

560

560

0

Non-cash interest costs

29

32

34

35

39

33

34

41

11

27

91

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

15

11

6

608

588

571

554

538

522

506

492

0

Amortization of debt discounts

-

-

-

-

-

-

-

0

13

50

88

86

83

81

78

426

392

381

369

394

383

450

283

0

Change in fair value of contingent consideration liability

-17

-320

-37

464

-160

-257

74

-337

404

-216

46

20

-1

26

11

0

-2

-8

0

-120

10

-130

-450

0

Change in fair value of derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-170

-150

-110

50

-1,950

1,560

-255

-1,405

0

Loss on disposal of fixed assets

-27

0

-8

0

0

-110

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for losses on receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-42

14

21

34

0

Non-cash expense related to Officer/Director grant of personal shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,030

Change in operating assets and liabilities:
Restricted cash

-

-

-

-

-

-

-

28

-45

12

8

-1

-4

-1,155

0

1,206

11

23

25

-103

53

-18

64

0

Accounts receivable

49

-566

-706

1,277

701

526

-1,867

2,109

-82

-6

-1,004

1,214

10

253

-988

769

25

55

-824

276

-698

891

-1,422

0

Settlement processing assets, funds and obligations, net

-387

-250

538

874

-1,881

-71

1,626

-892

-307

-515

267

90

-72

-179

264

95

-96

51

83

736

19

-19

0

0

Prepaid expenses and other current assets

145

268

-498

250

251

404

-79

-360

-4,135

4,506

-95

91

179

-127

-100

-54

91

49

34

-258

292

37

-204

-223

Other assets

82

62

123

-596

155

-48

365

0

250

-4,390

1

1

-25

23

22

-3

-401

-167

-78

1

3

887

477

0

Deferred revenue

4

-637

-326

930

-8

2

-934

203

5

-2

-262

255

5

14

-236

225

5

17

-228

216

3

26

-214

0

Deferred income taxes

-

-

-293

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

165

446

52

953

-1,539

1,498

216

159

-6,671

6,043

702

-11

275

-474

-147

-664

363

-2,564

-770

467

1,174

1,402

280

3,459

Net cash provided by operating activities

843

3,202

1,552

337

111

717

1,315

65

-230

222

1,473

-

-

-

1,249

-1,745

258

-3,107

98

-1,052

1,250

-747

1,646

-941

Investment in restricted cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net decrease in funds held to satisfy client fund obligations

-4,018

-17,826

15,994

4,320

-3,098

-17,741

16,653

5,216

-3,336

-21,119

20,058

12,832

1,137

-23,290

16,823

10,182

-17,461

-23,512

39,103

-12,613

-492

-25,436

26,849

-

Purchase of property and equipment

599

827

782

616

587

625

379

101

310

162

143

323

259

178

115

163

111

59

83

57

27

58

116

0

Proceeds on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

0

5

0

8

9

0

-1

1

0

0

1

0

0

Cash and cash equivalents released from trust

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,948

66,863

Amounts released from restricted cash and cash equivalents to repurchase shares of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by investing activities

3,419

16,999

-16,776

-4,936

2,511

17,116

-17,032

-5,588

2,777

21,389

-20,201

-

-

-

-16,930

-21,151

17,350

23,452

-39,185

12,556

465

25,379

-25,017

44,766

Payments on long-term debt and capital lease obligations

790

701

1,047

667

1,147

639

5,661

11,644

782

911

699

556

341

339

339

10,336

328

332

325

6,268

368

378

356

2,331

Proceeds from issuance of common stock, net of issuance costs

-

-

-

-

-

-

-

0

0

-7

71

1,269

0

0

0

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock pursuant to employee stock purchase plan

54

0

51

0

77

0

104

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing fees associated with new borrowings

-

-

-

-

-

-

-

309

0

17

95

-1

5

40

0

-

-

-

-

-

-

-

-

-

Trust funds paid to redeeming stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,948

58,807

Proceeds from notes payable

110

304

101

788

277

400

0

-

-

-

-

0

0

1,000

0

-

-

-

-

-

-

-

-

-

Restricted cash reserve

-

-

-

-

-

-

-

0

0

0

-1,900

0

0

0

0

-

-

-

-

-

-

-

-

-

Payment of deferred and contingent acquisition consideration

0

0

0

0

0

0

314

0

0

1,200

186

0

0

2,850

0

-

-

-

-

-

-

-

-

22,097

Proceeds from notes payable

-

-

-

-

-

-

-

-

0

20

1,950

-

-

-

-

-

-

-

-

-

0

0

41

-

Distributions to member

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from the sale of preferred stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,000

Net decrease in client funds obligations

4,018

17,826

-15,994

-4,320

3,098

17,741

-16,653

-5,216

3,336

21,119

-20,058

-12,832

-1,137

23,290

-16,823

-10,182

17,461

23,512

-39,103

12,613

492

25,436

-26,849

-

Proceeds from note payable to affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-480

0

480

72

91

Repayment of note payable to affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

411

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in financing activities

-4,644

-18,223

15,099

4,441

-3,891

-17,231

10,782

12,689

-1,571

-23,234

19,199

-

-

-

16,484

24,319

-17,789

-20,718

38,778

-9,608

-860

-25,262

24,658

-42,458

Net increase (decrease) in cash and restricted cash

-382

1,978

-125

-

-1,269

602

-4,935

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash

-

-

-

-

-

-

-

7,166

976

-1,623

471

112

254

-934

803

1,423

-181

-373

-309

1,896

855

-630

1,287

1,367

Supplemental disclosure of cash flow information:
Cash paid for interest

258

265

267

276

282

275

428

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

268

175

166

178

168

466

431

371

371

379

476

583

532

192

0

Cash paid for taxes

0

267

0

-176

43

245

0

-75

112

179

37

74

136

74

86

232

0

229

0

137

0

10

2

0

Supplemental disclosure of non-cash investing and financing activity:
Acquisition of equipment under capital lease

0

0

535

172

290

318

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury stock reclassification

0

0

0

0

0

0

4,950

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of warrants for settlement of legal matter

0

0

0

0

0

0

373

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Promissory note issued to satisfy deferred consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,486

Debt assumed in business acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,331

Conversion features of convertible notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,110

Common stock issued for acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,500

Beneficial conversion feature on convertible preferred stock

-1,463

0

0

0

0

0

4,865

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

Accretion of convertible preferred stock

2,376

3,025

2,945

2,867

2,758

2,652

2,123

1,954

1,557

1,453

1,414

-

-

-

-

-

-

-

-

-

-

-

-

-

Release of common stock held in escrow to satisfy contingent consideration obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Additional tax adjustment consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70

Note issued in JetPay acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,331

Fair value of assets acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

110,574

Cash paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23,123

Fair value of company stock issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-24,500

Fair value of deferred consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,582

Measurement period adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,370

Fair value of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,540

Fair value of liabilities assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58,369