MEDLEY MANAGEMENT INC. MDLY Cash Flow

Medley management inc. (MDLY)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Cash flows from operating activities
Net (loss) income
-16,770	-21,526	17,309	9,952	20,632	69,400	36,535	23,479
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Net change in unrealized appreciation on investments
-	-	-	-	-	-	244	600
Stock-based compensation
7,222	5,400	2,800	3,811	3,052	894	-	-
Amortization of debt issuance costs
754	741	1,579	1,018	545	752	-	-
Accretion of debt discount
1,297	667	1,126	958	776	604	476	357
Provision for deferred taxes
4,557	-941	424	-267	-904	-483	-	-
Depreciation and amortization
702	1,076	911	913	454	401	276	270
Net unrealized depreciation (appreciation) on investments
-5,287	-20,900	-554	-	-	-	-	-
Non-cash based performance fee compensation
0	619	0	-	-	-	-	-
Net change in unrealized depreciation on investments
-5,287	-20,900	-554	27	-885	-272	-	-
Loss (income) from equity method investments
482	-6	274	425	-12,578	0	-	-
Impairment on investments held at cost
-	90	0	518	-	-	-	-
Reclassification of cumulative dividends paid on forfeited restricted stock units to compensation and benefits expense
343	96	668	0	0	-	-	-
Non-cash lease costs
2,434	-	-	-	-	-	-	-
Other non-cash amounts
-178	-56	13	-169	0	0	-	-
Provision for (benefit from) deferred taxes
-	-	-	-	-	-726	-96	-51
Net realized (gain) loss on investments
-	-	-	-	-	-	-16,080	-1,600
Changes in operating assets and liabilities:
Management fees receivable
-2,170	-4,440	2,084	-3,542	999	6,252	4,249	2,461
Performance fees receivable
0	0	-1,974	2,443	-3,055	-	-	-
Income distributions received from equity method investments
1,211	691	629	1,475	-	-	-	-
Purchase of investments
706	1,861	2,005	0	-	-	-	-
Sale of investments
1,111	1,920	0	-	-	-	-	-
Sale of investments
-	-	-	0	-	-	-	-
Performance fees receivable
-	-	-	-	-	2,234	2,412	765
Other assets
239	-2,153	-1,009	1,617	4,915	1,671	1,295	789
Operating lease liabilities
2,725	-	-	-	-	-	-	-
Accounts payable, accrued expenses and other liabilities
-4,199	1,686	-12,014	-1,682	-11,096	8,693	5,023	7,199
Net cash used in operating activities
2,145	16,217	12,563	-	-	-	-	-
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
-	-	-	15,895	24,063	-196,426	-42,428	-117,314
Cash flows from investing activities
Investment in subsidiary
-	-	-	-	-	-	-	10,000
Purchases of fixed assets
126	56	73	1,935	795	521	918	140
Distributions received from investment held at cost less impairment
222	0	0	203	0	-	-	-
Capital contributions to equity method investments
3	1,538	322	279	1,074	0	-	-
Distributions received from equity method investment
0	0	172	-	496	0	-	-
Performance fee compensation payable
-	-	-	-	-	-4,418	5,367	4,423
Purchases of investments
0	0	34,980	16,815	0	-	-	-
Net cash provided by investing activities
93	-1,594	-35,203	-	-	-	-	-
Purchases of available-for-sale securities
-	-	-	-	-	0	-	-
Net Cash Provided by (Used in) Investing Activities, Continuing Operations
-	-	-	-18,826	-1,373	-521	-918	-10,140
Cash flows from financing activities
Payments to former minority interest holder
4,375	847	0	-	-	-	-	-
Repayments of loans payable
0	0	44,800	50,513	1,250	51,937	-	3,000
Proceeds from issuance of senior unsecured debt
0	0	69,108	52,588	0	-	-	-
Proceeds from issuance of debt obligations
-	-	-	-	-	123,900	21,000	10,000
Proceeds from Initial Public Offering
-	-	-	-	-	100,440	-	-
Initial Public Offering costs
-	-	-	-	-	3,715	-	-
Capital contributions from non-controlling interests
0	2	23,000	17,022	0	0	-	40
Distributions to non-controlling interests and redeemable non-controlling interests
3,319	26,443	29,968	23,656	32,744	119,363	41,734	14,171
Debt issuance costs
0	0	2,868	2,916	0	2,546	-	-
Dividends paid
238	5,750	5,766	-	4,113	0	-	-
Repurchases of Class A common stock
0	0	3,589	1,198	101	0	-	-
Payments of tax withholdings related to net share settlement of restricted stock units
967	693	713	-	-	-	-	-
Net cash used in financing activities
-8,899	-33,731	4,404	-	-	-	-	-
Net decrease in cash and cash equivalents
-6,661	-19,108	-18,236	-	-	-	-	-
Deconsolidation of consolidated fund
-	-	-	-	-	-	-	47
Net Cash Provided by (Used in) Financing Activities, Continuing Operations
-	-	-	-14,194	-38,208	278,758	47,449	127,412
Net decrease in cash and cash equivalents
-	-	-	-17,125	-15,518	-	-	-
Supplemental cash flow information
Net increase (decrease) in cash, cash equivalents and restricted cash equivalents
-	-	-	-17,125	-15,518	81,811	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	4,103	-42
Interest paid
9,446	9,396	8,664	-	6,576	3,900	1,078	401
Income taxes paid
143	955	933	-	4,982	2,411	1,577	859
Distribution of shares of MCC incurred in connection with the exercise of a put option right by a former minority interest holder (Notes 11 and 17)
16,498	0	0	-	-	-	-	-
Fair value adjustment to redeemable non-controlling interest in STRF Advisors LLC (Note 17)
0	-12,275	0	-	0	0	-	-
Fixed assets
-	-	-	-	0	0	-	-
Issuance of non-controlling interest at fair value
-	-	-	-	0	0	-	-
Change in fair value of available-for-sale securities, net of income tax benefit
0	0	10,306	-	0	-	-	-
Non-cash distribution to members
-	-	-	-	-	3,428	-	4,931
Non-cash distribution from Consolidated Funds
-	-	-	-	-	-	-	-431
Non-cash debt
-	-	-	-	-	2,500	1,000	-
Transfer of membership interests to non-controlling interests in consolidated subsidiaries
-	-	-	-	-	928	-	-
Medley LLC [Member]
Fair value adjustment to redeemable non-controlling interest in STRF Advisors LLC (Note 17)
-18,109	0	0	-	-	-	-	-
ASU 2018-02 [Member]
Reclassification of the income tax impact of the Tax Cuts and Jobs Act on items within accumulated other comprehensive loss to retained earnings due to the early adoption of accounting standards update 2018-02
0	207	0	-	-	-	-	-
Reclassification of the income tax impact of the Tax Cuts and Jobs Act on items within accumulated other comprehensive loss to retained earnings due to the early adoption of accounting standards update 2018-02
0	207	0	-	-	-	-	-