Lindblad expeditions holdings, inc. (LIND)
CashFlow / Quarterly
Mar'20Dec'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'12
Cash Flows From Operating Activities
Net (loss) income

-2,471

92

2,726

851

15,079

-4,553

5,345

-157

10,917

-15,020

9,443

-2,577

625

-8,361

7,447

-4,494

10,467

-442

4,416

8,835

6,933

1,405

21,345

-263

-241

15,316

-272

-195

-4

-2

-1

0

-0

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

6,690

7,166

6,233

6,182

6,188

5,706

5,024

4,993

5,045

5,339

4,354

3,895

3,763

3,897

5,080

4,869

4,574

3,309

2,689

2,895

2,752

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

-2

-

6

-5

0

-

-

-

-

Amortization of National Geographic fee

727

726

727

727

727

726

727

727

727

727

726

727

727

727

726

727

727

727

670

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs and other, net

486

483

481

477

434

432

432

437

608

564

566

544

552

-1,438

1,416

614

552

843

525

2,021

187

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of right-to-use lease assets

51

-

-

-

165

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

898

902

917

1,001

753

1,149

1,271

1,119

866

1,163

3,057

2,205

4,202

1,429

1,360

1,287

1,335

1,272

1,214

1,213

1,214

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-1,828

-2,691

8,283

-241

-3,865

-2,310

2,501

-195

347

10,353

819

-763

-2,073

383

-590

-1,087

-2,032

-3,798

431

99

-145

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on foreign currency

-3,443

1,275

-2,338

501

656

-745

162

-1,141

-451

-

-

-

246

-429

-5

-357

71

6

148

-78

-116

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-179

99

0

-

-

-

-

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-1

0

Accrued interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-3

-

-7

5

0

-

-

-

-

Write-off of unamortized issuance costs related to debt refinancing

-

-

-

-

-

0

0

0

359

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities
Marine operating supplies and inventories

239

937

588

-187

219

99

-208

-361

400

520

363

269

-116

432

-402

-480

-623

924

-1,012

-32

283

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-2,339

5,470

-7,253

3,334

6,699

-1,090

-5,242

5,294

1,754

-1,662

-3,587

3,316

1,358

469

-2,445

407

940

2,192

-775

341

-658

1,643

708

63

4

-

-

-

-

-

-

-

-

Unearned passenger revenues

4,770

14,220

-20,484

15,584

6,016

10,685

-9,466

10,854

-939

-

-

21,209

4,261

8,865

-7,696

5,402

-6,326

3,185

-5,484

5,169

853

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

-621

-2,490

6,794

-527

1,294

-1,283

861

1,130

-10

56

-75

-88

-29

483

3,159

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-4,411

-1,766

3,824

-119

825

-151

7

7

8

-11

0

14

0

-18

7

7

8

38

218

-18

-8

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Accounts payable and accrued expenses

4,356

7,051

-626

525

-2,112

2,396

4,210

1,270

-5,727

6,721

2,329

-1,432

-7,861

10,394

1,398

102

-9,930

7,930

165

1,011

-1,892

2,254

116

23

9

-1,087

78

65

0

0

0

-0

0

Accrued franchise tax payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

45

-

-

87

2

-

-

-

-

Net cash provided by operating activities

15,432

21,033

4,322

21,886

15,342

17,099

14,478

14,262

10,518

23,472

6,244

20,465

2,737

15,742

8,841

7,857

-1,013

9,942

6,483

13,492

10,385

16,073

27,428

-261

-186

33,718

-277

-142

-1

-1

-1

0

-0

Cash Flows From Investing Activities
Purchases of property and equipment

116,732

19,282

34,409

7,167

35,144

8,835

14,008

17,000

14,502

36,396

5,384

15,861

22,844

25,335

17,702

26,024

6,872

6,657

5,287

2,197

659

-

-

-

-

-

-

-

-

-

-

-

-

Advance to shareholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,802

1,301

-

-

-

-

-

-

-

-

-

-

-

-

Transfer to restricted cash and marketable securities

-

-

-

-

-

-

-

-

-

-

-

7,835

4,411

-

-7,251

2,120

7,038

-824

-38,194

31,081

8,062

-

-

-

-

-

-

-

-

-

-

-

-

Trust Account, restricted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Trust Account, interest income available for working capital and taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-

-199,976

200,000

0

-

-

-

-

Purchase of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Net cash used in investing activities

-116,732

-23,365

-34,409

-7,167

-35,144

-8,835

-14,008

-17,000

-14,502

-36,707

7,173

-23,696

-27,255

-23,428

-10,451

-38,090

-13,910

-5,833

32,906

-98,563

-10,022

-25,794

-3,214

10

-3

189,718

-23

-200,000

0

-

-

-

-

Cash Flows From Financing Activities
Gross proceeds from initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

200,000

0

-

-

-

-

Proceeds from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-

0

0

0

Repayment of due to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from notes payable, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250

0

-

0

0

0

0

0

0

0

Proceeds from long-term debt

152,695

-

-

-

-

0

0

0

200,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

500

500

500

500

500

500

500

0

170,625

438

437

437

438

438

437

437

438

438

438

39,778

1,225

-

-

-

-

-

-

-

-

-

-

-

-

Payment of deferred financing costs

61

32

0

2,322

18

4

0

189

6,297

106

14

298

0

0

0

78

1,487

101

412

10,532

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase under stock-based compensation plans and related tax impacts

134

8

125

486

1,167

1

52

278

4,179

3,852

0

79

1,103

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-1

2,695

-

4,850

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of shares as part of CEO Allocation Plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of warrants and common stock

127

0

0

0

23

0

0

0

854

26

0

594

5,572

4,923

0

0

5,420

5,478

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of notes payable, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-150

0

-

-

-

-

Proceeds from issuance of stock to initial stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Proceeds from issuance of sponsor's warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

5,600

0

-

-

-

-

Payment of underwriting discount and offering expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,458

6

-

-

-

-

Payment of deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by (used in) financing activities

151,873

-540

30,165

-3,308

-1,708

-505

-552

-467

18,045

-4,422

-451

-1,408

-7,113

-5,360

-438

-514

-10,040

-6,046

116,106

99,690

-1,225

-17,440

-199

250

0

-218,579

-0

200,984

0

-27

0

0

0

Effect of exchange rate changes on cash

-

-

-

-

-

111

-1

48

-40

-174

35

172

-3

0

252

-313

-67

88

-216

907

-870

-

-

-

-

-

-

-

-

-

-

-

-

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

50,573

-2,872

78

11,411

-21,510

7,870

-83

-3,157

14,021

-17,831

13,001

-4,467

-31,634

-13,046

-1,796

-31,060

-25,030

-1,849

155,279

15,526

-1,732

-28,618

24,134

-1

-189

3,307

-300

841

-1

-29

-1

0

-0

Supplemental disclosures of cash flow information:
Interest

3,862

3,679

3,652

3,622

3,377

3,439

3,418

3,522

3,012

2,637

2,646

2,594

2,601

2,469

6,563

431

433

6,616

89

163

135

-224

1,325

0

0

-

-

-

-

-

-

-

-

Income taxes

12

-722

1,329

541

23

54

-308

731

45

0

217

736

12

6

-3,933

2,478

2,447

-4,171

2,463

1,572

515

1,650

3,193

0

0

-

-

-

-

-

-

-

-

Non-cash investing and financing activities:
Increase in amount due from DVB

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,972

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital exercise proceeds of option shares

-

-

-

-

-

0

0

0

1,682

1,514

0

0

168

0

0

0

1,123

0

2,240

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital exchange proceeds used for option shares

-

-

-

-

-

0

0

0

-1,682

-1,514

0

0

-168

0

0

0

-1,123

0

-2,240

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrual for offering costs charged to additional paid in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

-

-

-

-

Deferred offering costs included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0