Lindblad expeditions holdings, inc. (LIND)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Cash Flows From Operating Activities
Net (loss) income

18,748

11,552

-7,529

5,059

19,742

22,245

14,844

-4

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

25,769

20,768

17,351

18,420

11,645

11,266

11,645

-

Deferred rent

-

-

-

-

-

-

-

0

Amortization of National Geographic fee

2,907

2,907

2,907

2,907

1,397

0

0

-

Amortization of deferred financing costs and other, net

1,875

1,909

2,226

1,144

3,576

744

2,142

-

Amortization of right-to-use lease assets

95

-

-

-

-

-

-

-

Stock-based compensation

3,573

4,405

10,627

5,411

4,913

274

0

-

Deferred income taxes

1,486

343

8,336

-3,326

-3,413

289

-93

-

Loss (gain) on foreign currency

94

-2,175

1,144

-720

-40

-149

1,281

-

Accrued interest receivable

-

-

-

-

-

-

-

0

Write-off of unamortized issuance costs related to debt refinancing

-

359

-

-

-

-

-

-

Loss on write-off of assets

-

-129

-

-

-

-

0

-

Loss on disposal and transfer of assets

-

-

-

-819

7,502

0

-

-

Change in fair value of obligation to repurchase shares of Class A common stock

-

-

-

-

-

-

401

-

Changes in operating assets and liabilities
Marine operating supplies and inventories

1,557

-70

1,036

-1,073

163

831

-334

-

Prepaid expenses and other current assets

8,250

716

-575

-629

1,100

2,420

-2,173

0

Lease liabilities

-164

-

-

-

-

-

-

-

Unearned passenger revenues

15,336

11,134

20,709

245

3,723

8,750

3,956

-

Other long-term assets

5,071

698

-136

3,642

-

0

-

-

Other long-term liabilities

2,764

-129

3

4

230

184

119

-

Other assets

-

-

-

-

-

-

-

-1

Accounts payable and accrued expenses

4,838

2,149

-243

1,964

7,214

2,404

-943

0

Net cash provided by operating activities

62,583

56,357

52,918

31,427

40,302

43,054

33,297

-3

Cash Flows From Investing Activities
Purchases of property and equipment

96,002

54,345

80,485

75,933

14,800

5,922

6,353

-

Loan issuance

4,083

-

-

-

-

-

-

-

Advance to shareholder

-

-

-

-

-

-

94

-

Transfer to restricted cash and marketable securities

-

-

-

-

125

-1,458

23

-

Acquisition of Natural Habitat, Inc., net of $4,904 cash acquired

-

-

-

9,946

0

0

3,835

-

Purchase of investment in CFMF

-

-

-

-

68,088

25,055

0

-

Advance from stockholder

-

-

-

-

1,501

517

-

-

Trust Account, restricted

-

-

-

-

-

-

-

0

Trust Account, interest income available for working capital and taxes

-

-

-

-

-

-

-

0

Purchase of marketable securities

-

-

-

-

-

-

-

0

Net cash used in investing activities

-100,085

-54,345

-80,485

-85,879

-81,512

-29,002

-10,305

0

Cash Flows From Financing Activities
Proceeds from notes payable, related party

-

-

-

-

-

-

-

0

Proceeds from long-term debt

30,476

200,000

-

-

175,000

0

0

-

Repayments of Participation Certificates

-

-

-

-

-

-

3,550

-

Repayments of long-term debt

2,000

171,625

1,750

1,750

41,879

3,989

13,392

-

Payment of deferred financing costs

2,372

6,490

418

1,565

11,045

0

653

-

Repurchase under stock-based compensation plans and related tax impacts

1,786

4,510

5,034

2,694

4,879

-

-

-

Warrants exercised

314

-

-

-

-

-

-

-

Repurchase of employee shares as part of cashless exercise of options or vesting of restricted shares for tax purposes

-

-

-

-

-

0

0

-

Repurchase of shares as part of CEO Allocation Plan

-

-

-

-

-

1,876

0

-

Repayment of due to stockholder

-

-

-

-

-

1,000

0

-

Repurchase of stock from Class B stockholders

-

-

-

-

-

10,525

0

-

Net proceeds from merger

-

-

-

-

186,806

0

0

-

Payments to stockholders for the merger

-

-

-

-

90,000

0

0

-

Repurchase of warrants and common stock

23

854

6,192

10,343

5,478

0

0

-

Repayment of notes payable, related party

-

-

-

-

-

-

-

0

Payment of underwriting discount and offering expenses

-

-

-

-

-

-

-

27

Net cash provided by (used in) financing activities

24,609

16,521

-13,394

-16,352

208,525

-17,390

-17,595

-27

Effect of exchange rate changes on cash

-

118

30

-128

-91

-1,337

-1,550

-

Net increase (decrease) in cash, cash equivalents and restricted cash

-12,893

18,651

-40,931

-70,932

167,224

-4,675

3,847

-31

Supplemental disclosures of cash flow information:
Interest

14,330

13,391

10,478

9,896

7,003

1,102

1,575

0

Income taxes

1,171

522

965

998

379

4,844

5,231

0

Non-cash investing and financing activities:
Current assets, excluding cash acquired

-

-

-

-

-

-

6,488

-

Property and equipment

-

-

-

-

-

-

53,302

-

Unearned passenger revenues

-

-

-

-

-

-

-12,332

-

Accounts payable and accrued expenses

-

-

-

-

-

-

3,459

-

Non-cash consideration

-

-

-

-

-

-

38,999

-

Total purchase price consideration

-

-

-

-

-

-

43,999

-

Cash paid to acquire Natural Habitat, Inc.

-

-

-

-

-

-

5,000

-

Non-cash consideration - long-term debt

-

-

-

-

-

-

25,000

-

Equity contribution from CFMF

-

-

-

-

-

-

13,823

-

Contribution during the year ended December 31, 2012

-

-

-

-

-

-

-26,100

-

Equity (distribution) contribution to CFMF

-

-

-

-

-

-

-12,277

-

Investment to CFMF

-

-

-

-

-

-

0

-

Due to CFMF

-

-

-

-

-

-

0

-

Investment in CFMF liquidation of Junior debt asset, warrant

-

-

-

-

-

-

0

-

CFMF liquidation of Junior debt long-term debt, additional paid-in capital

-

-

-

-

-

-

0

-

Transfer from inventories and marine operating supplies

-

-

-

-

-

-

0

-

Transfer to property and equipment, net

-

-

-

-

-

-

0

-

Additional paid-in capital exercise proceeds of option shares

225

1,682

1,682

1,123

2,240

0

0

-

Additional paid-in capital exchange proceeds used for option shares

-225

-1,682

-1,682

-1,123

-2,240

0

0

-

Non-cash deemed dividend to warrant holders

2,654

-

-

-

-

-

-

-