Lindblad expeditions holdings, inc. (LIND)
CashFlow / TTM
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

1,198

18,748

14,103

16,722

15,714

11,552

1,085

5,183

2,763

-7,529

-870

-2,866

-4,783

5,059

12,978

9,947

23,276

19,742

21,589

38,518

29,419

22,245

36,156

14,538

14,606

14,844

-475

-204

-8

-4

0

0

0

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

26,271

25,769

24,309

23,100

21,911

20,768

20,401

19,731

18,633

17,351

15,909

16,635

17,609

18,420

17,832

15,441

13,467

11,645

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

Amortization of National Geographic fee

2,907

2,907

2,907

2,907

2,907

2,907

2,908

2,907

2,907

2,907

2,907

2,907

2,907

2,907

2,907

2,851

2,124

1,397

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs and other, net

1,927

1,875

1,824

1,775

1,735

1,909

2,041

2,175

2,282

2,226

224

1,074

1,144

1,144

3,425

2,534

3,941

3,576

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of right-to-use lease assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

3,718

3,573

3,820

4,174

4,292

4,405

4,419

6,205

7,291

10,627

10,893

9,196

8,278

5,411

5,254

5,108

5,034

4,913

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

3,523

1,486

1,867

-3,915

-3,869

343

13,006

11,324

10,756

8,336

-1,634

-3,043

-3,367

-3,326

-7,507

-6,486

-5,300

-3,413

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on foreign currency

-4,005

94

-1,926

574

-1,068

-2,175

0

0

0

-

-

-

-545

-720

-285

-132

147

-40

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accrued interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

Write-off of unamortized issuance costs related to debt refinancing

-

-

-

-

-

359

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities
Marine operating supplies and inventories

1,577

1,557

719

-77

-251

-70

351

922

1,552

1,036

948

183

-566

-1,073

-581

-1,191

-743

163

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-788

8,250

1,690

3,701

5,661

716

144

1,799

-179

-575

1,556

2,698

-211

-629

1,094

2,764

2,698

1,100

551

2,034

1,757

2,420

0

0

0

-

-

-

-

-

-

-

-

Unearned passenger revenues

14,090

15,336

11,801

22,819

18,089

11,134

0

0

0

-

-

26,639

10,832

245

-5,435

-3,223

-3,456

3,723

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

3,156

5,071

6,278

345

2,002

698

2,037

1,101

-117

-136

291

3,525

3,613

3,642

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-2,472

2,764

4,379

562

688

-129

11

4

11

3

-4

3

-4

4

60

271

246

230

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Accounts payable and accrued expenses

11,306

4,838

183

5,019

5,764

2,149

6,474

4,593

1,891

-243

3,430

2,499

4,033

1,964

-500

-1,733

-824

7,214

1,538

1,490

502

2,404

-938

-976

-933

-943

145

66

0

0

0

0

0

Accrued franchise tax payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

Net cash provided by operating activities

62,673

62,583

58,649

68,805

61,181

56,357

62,730

54,496

60,699

52,918

45,188

47,785

35,177

31,427

25,627

23,269

28,904

40,302

46,433

67,378

53,625

43,054

60,699

32,993

33,112

33,297

-423

-147

-4

-3

0

0

0

Cash Flows From Investing Activities
Purchases of property and equipment

177,590

96,002

85,555

65,154

74,987

54,345

81,906

73,282

72,143

80,485

69,424

81,742

91,905

75,933

57,255

44,840

21,013

14,800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Advance to shareholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Transfer to restricted cash and marketable securities

-

-

-

-

-

-

-

-

-

-

-

0

-2,072

-

1,083

-29,860

-899

125

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Trust Account, restricted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Trust Account, interest income available for working capital and taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

Purchase of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Net cash used in investing activities

-181,673

-100,085

-85,555

-65,154

-74,987

-54,345

-82,217

-61,036

-67,732

-80,485

-67,206

-84,830

-99,224

-85,879

-68,284

-24,927

-85,400

-81,512

-101,473

-137,594

-39,020

-29,002

186,510

189,702

-10,308

-10,305

0

0

0

-

-

-

-

Cash Flows From Financing Activities
Gross proceeds from initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Proceeds from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Repayment of due to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from notes payable, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

Proceeds from long-term debt

0

-

-

-

-

200,000

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

2,000

2,000

2,000

2,000

1,500

171,625

171,563

171,500

171,937

1,750

1,750

1,750

1,750

1,750

1,750

1,751

41,092

41,879

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of deferred financing costs

2,415

2,372

2,344

2,344

211

6,490

6,592

6,606

6,715

418

312

298

78

1,565

1,666

2,078

12,532

11,045

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase under stock-based compensation plans and related tax impacts

753

1,786

1,779

1,706

1,498

4,510

8,361

8,309

8,110

5,034

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,574

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of shares as part of CEO Allocation Plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of warrants and common stock

127

23

23

23

23

854

880

880

1,474

6,192

11,089

11,089

10,495

10,343

10,898

10,898

10,898

5,478

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of notes payable, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Proceeds from issuance of stock to initial stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Proceeds from issuance of sponsor's warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Payment of underwriting discount and offering expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Payment of deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by (used in) financing activities

178,190

24,609

24,644

-6,073

-3,232

16,521

12,604

12,705

11,764

-13,394

-14,332

-14,319

-13,425

-16,352

-17,038

99,506

199,710

208,525

197,130

80,825

-18,615

-17,390

-218,529

-218,329

-17,595

-17,595

200,957

200,957

-27

-27

0

0

0

Effect of exchange rate changes on cash

-

-

-

-

-

118

-167

-131

-7

30

204

421

-64

-128

-40

-508

712

-91

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

59,190

-12,893

-2,151

-2,312

-16,880

18,651

-7,050

6,034

4,724

-40,931

-36,146

-50,943

-77,536

-70,932

-59,735

97,340

143,926

167,224

140,454

9,309

-6,217

-4,675

27,250

2,816

3,659

3,847

510

809

-32

-31

0

0

0

Supplemental disclosures of cash flow information:
Interest

14,815

14,330

14,090

13,856

13,756

13,391

12,589

11,817

10,889

10,478

10,310

14,227

12,064

9,896

14,043

7,569

7,301

7,003

162

1,399

1,237

1,102

0

0

0

-

-

-

-

-

-

-

-

Income taxes

1,160

1,171

1,947

310

500

522

468

993

998

965

971

-3,179

-1,437

998

-3,179

3,217

2,311

379

6,200

6,931

5,359

4,844

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital exercise proceeds of option shares

-

-

-

-

-

1,682

3,196

3,196

3,196

1,682

168

168

168

1,123

1,123

3,363

3,363

2,240

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital exchange proceeds used for option shares

-

-

-

-

-

-1,682

-3,196

-3,196

-3,196

-1,682

-168

-168

-168

-1,123

-1,123

-3,363

-3,363

-2,240

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrual for offering costs charged to additional paid in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Deferred offering costs included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0