Lazydays holdings, inc. (LAZY)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18
Cash Flows From Operating Activities
Net income

2,987

-

-

-

1,844

-

-

-

2,336

Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation

680

-

-

-

1,514

-

-

-

-

Bad debt expense

7

-

-

-

23

-

-

-

-

Depreciation and amortization of property and equipment

1,589

-

-

-

1,741

-

-

-

-

Amortization of intangible assets

1,048

-

-

-

954

-

-

-

-

Amortization of debt discount

43

-

-

-

132

-

-

-

-

Non-cash lease expense

108

-

-

-

-

-

-

-

-

Loss on sale of property and equipment

-2

-

-

-

-2

-

-

-

-

Changes in operating assets and liabilities:
Receivables

455

-

-

-

8,754

-

-

-

-

Inventories

-7,580

-

-

-

-24,276

-

-

-

-

Prepaid expenses and other

46

-

-

-

-117

-

-

-

-

Income tax receivable/payable

1,300

-

-

-

1,175

-

-

-

-

Other assets

17

-

-

-

-33

-

-

-

-

Accounts payable, accrued expenses and other current liabilities

1,793

-

-

-

5,847

-

-

-

-

Operating lease liability

276

-

-

-

-

-

-

-

-

Total Adjustments

13,140

-

-

-

27,060

-

-

-

-

Net Cash Provided By Operating Activities

16,127

-

-

-

28,904

-

-

-

-

Cash Flows From Investing Activities
Proceeds from sales of property and equipment

4,932

-

-

-

20

-

-

-

-

Purchases of property and equipment

1,774

-

-

-

3,128

-

-

-

-

Net Cash Used In Investing Activities

3,158

-

-

-

-3,108

-

-

-

-

Cash Flows From Financing Activities
Net (repayments)/borrowings under M&T bank floor plan

10,554

-

-

-

19,878

-

-

-

-

Borrowings under long term debt with M&T bank

5,005

-

-

-

-

-

-

-

-

Repayment of long term debt with M&T bank

725

-

-

-

725

-

-

-

-

Proceeds from financing liability

-

-

-

-

1,519

-

-

-

-

Repayments of financing liability

226

-

-

-

175

-

-

-

-

Payment of dividends on Series A preferred stock

-

-

-

-

1,210

-

-

-

-

Repurchase of Unit Purchase Options

-

-

-

-

500

-

-

-

-

Repurchase of Treasury Stock

145

-

-

-

-

-

-

-

-

Repayments of acquisition notes payable

761

-

-

-

370

-

-

-

-

Loan issuance costs

68

-

-

-

-

-

-

-

-

Net Cash Used In Financing Activities

-7,474

-

-

-

-21,339

-

-

-

-

Net Increase In Cash

11,811

-

-

-

4,457

-

-

-

-

Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for interest

2,592

-

-

-

2,877

-

-

-

-

Cash paid during the period for income taxes net of refunds received

-

-

-

-

10

-

-

-

-

Non-Cash Investing and Financing Activities
Rental vehicles transferred to inventory, net

-

-

-

-

138

-

-

-

-

Fixed assets purchased with accounts payable

-

-

-

-

345

-

-

-

-

Accrued dividends on Series A Preferred Stock

1,644

-

-

-

1,184

-

-

-

-

Operating lease assets - ASC 842 adoption

17,781

-

-

-

-

-

-

-

-

Operating lease liabilities - ASC 842 adoption

17,845

-

-

-

-

-

-

-

-

Successor [Member]
Net income (loss)

-

-

-

-

-

-2,424

-2,729

2,533

-

Stock-based compensation

-

-

-

-

-

2,632

2,857

3,129

-

Bad debt expense

-

-

-

-

-

413

251

152

-

Depreciation and amortization of property and equipment

-

-

-

-

-

1,713

1,704

2,166

-

Amortization of intangible assets

-

-

-

-

-

867

828

926

-

Amortization of debt discount

-

-

-

-

-

-123

51

449

-

Gain on sale of property and equipment

-

-

-

-

-

0

-9

10

-

Receivables

-

-

-

-

-

-3,796

-1,488

7,970

-

Inventories

-

-

-

-

-

25,425

2,625

-9,154

-

Prepaid expenses and other

-

-

-

-

-

-291

132

638

-

Income tax receivable/payable

-

-

-

-

-

369

189

-1,151

-

Other assets

-

-

-

-

-

82

1

74

-

Accounts payable, accrued expenses and other current liabilities

-

-

-

-

-

-3,278

2,633

-5,490

-

Total Adjustments

-

-

-

-

-

-20,601

7,252

643

-

Net Cash Provided By (Used In) Operating Activities

-

-

-

-

-

-23,026

4,524

3,176

-

Cash paid for acquisitions

-

-

-

-

-

9,000

6,300

86,178

-

Cash acquired in the purchase of Lazy Days' R.V. Center, Inc.

-

-

-

-

-

0

0

9,188

-

Proceeds from sales of property and equipment

-

-

-

-

-

0

6

35

-

Purchases of property and equipment

-

-

-

-

-

2,196

863

568

-

Net Cash Used In Investing Activities

-

-

-

-

-

-11,196

-7,157

-77,523

-

Net (repayments)/borrowings under M&T bank floor plan

-

-

-

-

-

-25,397

-1,545

-96,677

-

Borrowings under long term debt with M&T bank

-

-

-

-

-

0

0

20,000

-

Repayment of Bank of America floor plan

-

-

-

-

-

0

0

96,740

-

Repayments under long term debt with Bank of America

-

-

-

-

-

0

0

8,820

-

Repayment of long term debt with M&T bank

-

-

-

-

-

721

730

725

-

Net proceeds from the issuance of Series A preferred stock and warrants

-

-

-

-

-

0

0

57,650

-

Net proceeds from the issuance of common stock and warrants

-

-

-

-

-

0

0

32,719

-

Repayments of financing liability

-

-

-

-

-

145

145

140

-

Repayments of notes payable to Andina related parties

-

-

-

-

-

0

0

761

-

Loan issuance costs

-

-

-

-

-

0

78

615

-

Net Cash (Used In) Provided by Financing Activities

-

-

-

-

-

23,424

4,465

99,245

-

Net Increase (Decrease) In Cash

-

-

-

-

-

-10,798

1,832

24,898

-

Cash paid during the period for interest

-

-

-

-

-

2,493

2,564

2,484

-

Cash paid during the period for income taxes net of refunds received

-

-

-

-

-

978

952

2,776

-

Rental vehicles transferred to inventory, net

-

-

-

-

-

484

47

67

-

Conversion of Andina redeemable common stock to common stock of Lazydays Holdings, Inc.

-

-

-

-

-

0

0

4,910

-

Accrued dividends on Series A Preferred Stock

-

-

-

-

-

0

-215

1,425

-

Beneficial conversion feature on Series A Preferred Stock

-

-

-

-

-

0

0

3,392

-

Warrants issued to Series A Preferred stockholders and investment bank

-

-

-

-

-

6

0

2,660

-

Common stock issued to former stock holders of Lazy Days' R.V. Center, Inc.

-

-

-

-

-

0

0

29,400

-

Net assets acquired in the acquisition of Lazy Days' R.V. Center, Inc.

-

-

-

-

-

0

0

106,391

-

Predecessor [Member]
Net income (loss)

-

-

-

-

-

-

-

-

2,336

Stock-based compensation

-

-

-

-

-

-

-

-

140

Depreciation and amortization of property and equipment

-

-

-

-

-

-

-

-

1,058

Amortization of intangible assets

-

-

-

-

-

-

-

-

154

Amortization of debt discount

-

-

-

-

-

-

-

-

136

Gain on sale of property and equipment

-

-

-

-

-

-

-

-

1

Deferred income taxes

-

-

-

-

-

-

-

-

630

Receivables

-

-

-

-

-

-

-

-

-5,143

Inventories

-

-

-

-

-

-

-

-

-1,435

Prepaid expenses and other

-

-

-

-

-

-

-

-

-44

Income tax receivable/payable

-

-

-

-

-

-

-

-

-3,573

Other assets

-

-

-

-

-

-

-

-

-18

Accounts payable, accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

2,463

Total Adjustments

-

-

-

-

-

-

-

-

7,647

Net Cash Provided By (Used In) Operating Activities

-

-

-

-

-

-

-

-

9,983

Purchases of property and equipment

-

-

-

-

-

-

-

-

694

Net Cash Used In Investing Activities

-

-

-

-

-

-

-

-

-694

Net repayments under floor plan with Bank of America

-

-

-

-

-

-

-

-

-12,272

Repayments under long term debt with Bank of America

-

-

-

-

-

-

-

-

310

Repayments of financing liability

-

-

-

-

-

-

-

-

144

Payment of contingent liability - RV America acquisition

-

-

-

-

-

-

-

-

667

Net Cash (Used In) Provided by Financing Activities

-

-

-

-

-

-

-

-

-13,393

Net Increase (Decrease) In Cash

-

-

-

-

-

-

-

-

-4,104

Cash paid during the period for interest

-

-

-

-

-

-

-

-

2,182

Cash paid during the period for income taxes net of refunds received

-

-

-

-

-

-

-

-

3,587

Rental vehicles transferred to inventory, net

-

-

-

-

-

-

-

-

89

Rental equipment purchased under floor plan

-

-

-

-

-

-

-

-

2,911