Jetpay corp (JTPY)
CashFlow / TTM
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

-2,201

-1,464

-4,157

-3,105

-1,218

-2,144

-6,529

-8,215

-8,110

-7,154

-1,983

-1,198

-2,046

-3,716

-5,692

-6,858

-6,492

-7,948

-7,229

-4,958

-10,930

0

0

0

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

1,370

1,240

1,114

1,032

927

833

773

721

692

642

569

499

434

405

393

387

396

395

395

388

292

0

0

0

Stock-based compensation

661

704

735

721

645

596

498

399

360

300

272

278

299

330

354

356

344

362

274

194

110

0

0

0

Employee stock purchase plan expense

40

42

43

46

52

58

54

47

29

12

6

0

0

0

0

-

-

-

-

-

-

-

-

-

Common Stock issued as compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

0

0

0

-

-

-

-

-

Amortization of intangibles

3,414

3,439

3,466

3,492

3,490

3,481

3,385

3,244

3,136

3,039

3,027

3,062

3,002

2,794

2,587

2,379

2,241

2,241

2,241

2,241

1,680

0

0

0

Non-cash interest costs

130

140

141

141

147

119

113

170

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

640

1,213

1,773

2,321

2,251

2,185

2,120

2,058

1,520

0

0

0

Amortization of debt discounts

-

-

-

-

-

-

-

151

237

307

338

328

668

977

1,277

1,568

1,536

1,527

1,596

1,510

1,116

0

0

0

Change in fair value of contingent consideration liability

90

-53

10

121

-680

-116

-75

-103

254

-151

91

56

36

35

1

-10

-130

-118

-240

-690

-570

0

0

0

Change in fair value of derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-380

-2,160

-450

-595

-2,050

-100

0

0

0

Loss on disposal of fixed assets

-35

-8

-118

-110

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for losses on receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

69

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Change in operating assets and liabilities:
Restricted cash

-

-

-

-

-

-

-

3

-26

15

-1,152

-1,160

47

62

1,240

1,265

-44

-2

-43

-4

99

0

0

0

Accounts receivable

54

706

1,798

637

1,469

686

154

1,017

122

214

473

489

44

59

-139

25

-468

-1,191

-355

-953

-1,229

0

0

0

Settlement processing assets, funds and obligations, net

775

-719

-540

548

-1,218

356

-88

-1,447

-465

-230

106

103

108

84

314

133

774

889

819

736

0

0

0

0

Prepaid expenses and other current assets

165

271

407

826

216

-4,170

-68

-84

367

4,681

48

43

-102

-190

-14

120

-84

117

105

-133

-98

0

0

0

Other assets

-329

-256

-366

-124

472

567

-3,775

-4,139

-4,138

-4,413

0

21

17

-359

-549

-649

-645

-241

813

1,368

1,367

0

0

0

Deferred revenue

-29

-41

598

-10

-737

-724

-728

-56

-4

-4

12

38

8

8

11

19

10

8

17

31

-185

0

0

0

Deferred income taxes

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

1,616

-88

964

1,128

334

-4,798

-253

233

63

7,009

492

-357

-1,010

-922

-3,012

-3,635

-2,504

-1,693

2,273

3,323

6,315

0

0

0

Net cash provided by operating activities

5,934

5,202

2,717

2,480

2,208

1,867

1,372

1,530

0

0

0

-

-

-

-3,345

-4,496

-3,803

-2,811

-451

1,097

1,208

0

0

0

Investment in restricted cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net decrease in funds held to satisfy client fund obligations

-1,530

-610

-525

134

1,030

792

-2,586

819

8,435

12,908

10,737

7,502

4,852

-13,746

-13,968

8,312

-14,483

2,486

562

-11,692

0

0

0

-

Purchase of property and equipment

2,824

2,812

2,610

2,207

1,692

1,415

952

716

938

887

903

875

715

567

448

416

310

226

225

258

201

0

0

0

Proceeds on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

13

22

17

16

9

0

0

2

1

1

0

0

0

Cash and cash equivalents released from trust

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,948

68,811

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by investing activities

-1,294

-2,202

-2,085

-2,341

-2,993

-2,727

1,546

-1,623

0

0

0

-

-

-

2,721

-19,534

14,173

-2,712

-785

13,383

45,593

0

0

0

Payments on long-term debt and capital lease obligations

3,205

3,562

3,500

8,114

19,091

18,726

18,998

14,036

2,948

2,507

1,935

1,575

11,355

11,342

11,335

11,321

7,253

7,293

7,339

7,370

3,433

0

0

0

Proceeds from issuance of common stock, net of issuance costs

-

-

-

-

-

-

-

64

1,333

1,333

1,340

1,269

0

0

0

-

-

-

-

-

-

-

-

-

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

105

128

128

181

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing fees associated with new borrowings

-

-

-

-

-

-

-

421

111

116

139

44

0

0

0

-

-

-

-

-

-

-

-

-

Trust funds paid to redeeming stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,948

60,755

0

0

0

Proceeds from notes payable

1,303

1,470

1,566

1,465

0

0

0

-

-

-

-

1,000

0

0

0

-

-

-

-

-

-

-

-

-

Restricted cash reserve

-

-

-

-

-

-

-

-1,900

-1,900

-1,900

-1,900

0

0

0

0

-

-

-

-

-

-

-

-

-

Payment of deferred and contingent acquisition consideration

0

0

0

314

314

314

1,514

1,386

1,386

1,386

3,036

2,850

0

0

0

-

-

-

-

-

-

-

-

0

Proceeds from notes payable

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

Distributions to member

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net decrease in client funds obligations

1,530

610

525

-134

-1,030

-792

2,586

-819

-8,435

-12,908

-10,737

-7,502

-4,852

13,746

13,968

-8,312

14,483

-2,486

-562

11,692

0

0

0

-

Proceeds from note payable to affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72

643

0

0

0

Repayment of note payable to affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in financing activities

-3,327

-2,574

-1,582

-5,899

2,349

4,669

-1,334

7,083

0

0

0

-

-

-

2,296

24,590

-9,337

7,592

3,048

-11,072

-43,922

0

0

0

Net increase (decrease) in cash and restricted cash

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash

-

-

-

-

-

-

-

6,990

-64

-786

-97

235

1,546

1,111

1,672

560

1,033

2,069

1,812

3,408

2,879

0

0

0

Supplemental disclosure of cash flow information:
Cash paid for interest

1,066

1,090

1,100

1,261

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

787

687

978

1,243

1,436

1,639

1,552

1,597

1,809

1,970

1,783

1,307

0

0

0

Cash paid for taxes

91

134

112

112

213

282

216

253

402

426

321

370

528

392

547

461

366

366

147

149

12

0

0

0

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

707

997

1,315

780

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury stock reclassification

0

0

0

4,950

4,950

4,950

4,950

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of warrants for settlement of legal matter

0

0

0

373

373

373

373

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Promissory note issued to satisfy deferred consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Debt assumed in business acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Conversion features of convertible notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Common stock issued for acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Beneficial conversion feature on convertible preferred stock

-1,463

0

0

4,865

4,865

4,865

4,865

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

Accretion of convertible preferred stock

11,213

11,595

11,222

10,400

9,487

8,286

7,087

6,378

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Additional tax adjustment consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Note issued in JetPay acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Fair value of assets acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Fair value of company stock issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Fair value of deferred consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Measurement period adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Fair value of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Fair value of liabilities assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0