Medley llc (MDLQ)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Cash flows from operating activities
Net (loss) income

-5,800

-10,701

-1,851

-6,815

3,748

-12,031

2,676

-2,292

-9,321

3,009

4,939

5,783

4,936

7,229

1,131

1,078

1,113

Adjustments to reconcile net (loss) income to net cash used in operating activities:
Stock-based compensation

1,457

1,995

2,005

1,422

1,800

1,304

1,457

1,597

1,046

744

1,204

860

-37

1,065

951

949

835

Amortization of Debt Issuance Costs

195

174

173

173

234

185

186

185

185

186

-796

1,210

979

463

285

135

135

Accretion of debt discount

255

303

327

352

315

158

182

180

147

192

-356

738

552

325

281

154

198

Provision for deferred taxes

0

3,560

1

-40

3

538

-1,898

-94

292

-60

-259

126

108

67

-525

-4

-18

Depreciation and amortization

178

174

176

174

178

181

461

215

219

222

-12

466

235

235

243

247

188

Unrealized depreciation (appreciation) on investments

-1,726

-

-

-

3,617

-

-

-

-

-

-

-

-

-

-

-

-

Net change in unrealized depreciation on investments

-1,726

-3,919

1,394

-6,379

3,617

-9,322

2,436

-4,207

-9,807

-302

-23

-157

-72

19

31

87

-110

Loss (income) from equity method investments

-759

225

-264

127

394

-123

-454

391

180

-24

79

150

69

689

153

-429

12

Reclassification of cumulative dividends paid on forfeited restricted stock units to compensation and benefits expense

0

7

35

169

132

29

4

40

25

151

-84

185

416

-

-

-

-

Non-cash lease costs

608

611

608

607

608

-

-

-

-

-

-

-

-

-

-

-

-

Reclassification of cumulative dividends paid on forfeited restricted stock units to compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other non-cash amounts

-161

-178

0

0

0

0

0

-1

-55

4

9

0

0

-142

0

0

-27

Changes in operating assets and liabilities:
Management fees receivable

-496

-422

-700

-579

-469

-610

559

206

-4,595

1,299

3,530

-1,341

-1,404

17

-3,631

3,216

-3,144

Performance fees receivable

-

-

-

-

-

-

-

-

-

11

1,874

-1,642

-2,217

716

1,446

855

-574

Income distributions received from equity method investments

75

563

63

518

67

144

259

0

288

-

-

-

-

-

-

-

-

Purchase of investments

0

-

-

-

629

-

-

-

-

-

-

-

-

-

-

-

-

Sale of investments

95

-

-

-

472

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investments

-

-

-

-

-

1,356

261

-171

415

-

-

1,290

-

-

-

-

-

Sale of investments

-

-

-

-

-

-

-

102

-392

-

-

0

-

-

-

-

-

Other assets

-167

24

-842

927

149

992

-1,220

-1,132

566

548

-791

-449

-345

1,058

281

819

-780

Operating lease liabilities

682

683

680

682

680

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

-2,150

227

1,113

-794

-4,776

3,368

2,290

332

-3,929

3,934

6,842

-13,770

-9,658

-842

1,486

1,114

-2,994

Net cash used in operating activities

-2,460

789

2,572

1,085

-2,233

3,832

4,125

4,975

2,640

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Operating Activities, Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

2,987

1,517

8,189

4,866

-169

4,080

Cash flows from investing activities
Purchases of fixed assets

-

-

-

-

-

-

-

-

-

34

-13

34

18

11

40

17

1,867

Distributions received from investment held at cost less impairment

27

0

121

0

101

0

0

0

0

-42

-280

305

17

-

-

-

-

Capital contributions to equity method investments

-

-

-

-

-

0

34

1,490

14

75

-214

247

214

72

154

0

53

Distributions received from equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

949

-607

810

Purchases of investments

-

-

-

-

-

-

-

-

-

0

-1,071

32,323

3,728

-

-

-

-

Net cash provided by investing activities

27

-89

112

-31

101

-3

-87

-1,490

-14

-

-

-

-

-

-

-

-

Purchases of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net Cash Provided by (Used in) Investing Activities, Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-32,604

-3,960

-9,208

-7,937

-624

-1,057

Cash flows from financing activities
Payments to former minority interest holder

875

-

-

-

1,750

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of loans payable

-

-

-

-

-

0

0

0

0

0

-44,800

44,800

44,800

26,701

23,500

0

312

Proceeds from issuance of senior unsecured debt

-

-

-

-

-

-

-

-

-

0

-69,108

69,108

69,108

28,376

24,212

0

0

Capital contributions from non-controlling interests

-

-

-

-

-

0

0

0

2

0

-5,000

23,000

5,000

5,020

12,002

0

0

Distributions to members, non-controlling interests and redeemable non-controlling interests

401

970

785

1,970

799

7,436

7,311

9,082

8,549

10,428

1,209

17,221

7,840

6,385

7,856

8,190

7,529

Debt issuance costs

-

-

-

-

-

-

-

-

-

85

-2,547

2,745

2,585

2,074

842

0

0

Dividends paid

-

-

-

-

-

-

-

-

-

-

-

2,974

-

-

-

-

-

Repurchases of LLC Units

-

-

-

-

-

-

-

-

-

-

-

2,572

402

0

0

0

1,198

Payments of tax withholdings related to net share settlement of restricted stock units

98

-

196

315

0

-

-

-

-

-

-

-

0

-

-

-

-

Net cash used in financing activities

-1,374

-1,334

-1,856

-3,160

-2,549

-8,283

-7,003

-9,390

-8,547

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-3,807

-634

828

-2,106

-4,681

-4,454

-2,965

-5,905

-5,921

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Financing Activities, Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

24,368

18,481

-1,557

3,862

-8,190

-9,092

Net (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-25,564

-5,249

16,038

-

-

-

-

Supplemental cash flow information
Net increase (decrease) in cash, cash equivalents and restricted cash equivalents

-

-

-

-

-

-

-

-

-

-

-25,564

-5,249

16,038

-2,576

791

-8,983

-6,069

Accretion of operating lease liabilities recorded against right-of-use assets

0

-

186

192

208

-

-

-

-

-

-

-

-

-

-

-

-

Fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,293

Issuance of non-controlling interest at fair value

-

-

-

-

-

-

0

0

56

-

0

0

0

-

-

-

-

Fair value adjustment to redeemable non-controlling interest in STRF Advisors LLC (Note 16)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

12,155

Medley LLC [Member]
Fair value adjustment to redeemable non-controlling interest in STRF Advisors LLC (Note 16)

752

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-