Medley management inc. (MDLY)
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'14
Cash flows from operating activities
Net (loss) income

-5,839

-12,062

-1,692

-6,778

3,762

-11,844

2,418

-2,459

-9,641

2,614

4,550

5,495

4,650

6,700

1,214

1,002

1,036

-34,570

37,082

7,753

10,367

15,844

23,058

20,845

9,653

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

1,457

1,995

2,027

1,414

1,786

1,300

1,456

1,644

1,000

773

1,204

860

-37

1,076

951

948

836

676

757

841

778

-

-

-

-

Amortization of debt issuance costs

195

174

173

173

234

185

186

185

185

186

-796

1,210

979

463

285

135

135

136

144

133

132

143

522

43

44

Accretion of debt discount

255

303

327

352

315

158

182

180

147

192

-356

738

552

325

281

154

198

199

196

193

188

192

164

127

121

Provision for deferred taxes

73

5,092

-881

242

104

1,569

-3,731

-111

1,332

98

-48

292

82

309

-503

-7

-66

-

-

-

-

-

-

-

-

Depreciation and amortization

178

174

176

174

178

181

461

215

219

222

-12

466

235

235

243

247

188

113

109

121

111

112

103

94

92

Net 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

-283

-631

-19

48

-325

-30

61

22

Loss (income) from equity method investments

-759

225

-264

127

394

-123

-454

391

180

-24

79

150

69

689

153

-429

12

-

-

-3,943

5,065

-

-

-

-

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

0

7

37

169

130

27

4

40

25

151

-399

500

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

-

-

-

-

-

-

-

-

Other non-cash amounts

-209

-178

0

0

0

0

0

-1

-55

4

9

0

0

-142

0

0

-27

-

-

-

-

-

-

-

-

Provision for (benefit from) deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-753

349

-

-

-

-

Net realized (gain) loss on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-499

-69

1,357

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

1,372

-1,651

1,427

-149

1,574

2,065

1,878

735

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

155

560

1,290

0

-

-

-

-

-

-

-

-

-

-

-

-

Sale of investments

-

-

-

-

-

-

-

-

-392

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Performance fees receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,949

1,657

1,212

-1,287

965

1,801

755

Other assets

87

32

-1,439

1,628

18

647

-2,606

-1,433

1,239

1,355

-650

-999

-715

611

258

1,620

-872

-266

3,309

1,551

321

1,125

-794

513

827

Operating lease liabilities

682

683

681

681

680

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

-2,130

130

1,325

-910

-4,744

1,954

3,253

562

-4,083

3,922

7,225

-13,642

-9,519

-1,187

1,319

1,387

-3,201

-4,007

281

1,781

-9,151

-1,092

5,053

6,710

-1,978

Net cash used in operating activities

-2,612

855

2,659

588

-1,957

3,979

4,382

5,323

2,533

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

3,573

1,714

8,004

4,827

-777

3,841

115,462

-95,143

7,897

-4,153

-35,702

-48,134

-16,044

-96,546

Cash flows from investing activities
Purchases of fixed assets

-

-

-

-

-

-

-

-

-

34

-13

34

18

11

40

17

1,867

666

4

18

107

121

193

123

84

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

-

-

544

332

-

-

-

-

Distributions received from equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

949

-607

810

-

-

-

-

-

-

-

-

Performance fee compensation payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,119

-1,499

-430

-5,215

-1,469

1,199

1,067

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

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-32,604

-3,960

-9,208

-7,937

-624

-1,057

-1,428

180

-18

-107

-121

-193

-123

-84

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

313

312

312

313

-

-

-

-

Proceeds from issuance of senior unsecured debt

-

-

-

-

-

-

-

-

-

0

-69,108

69,108

69,108

28,376

24,212

0

0

-

-

-

-

-

-

-

-

Proceeds from issuance of debt obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

108,900

-2,500

17,500

Capital contributions from non-controlling interests

-

-

-

-

-

0

0

0

2

0

-5,000

23,000

5,000

5,020

12,002

0

0

-

-

-

-

-

-

-

928

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

401

2

786

1,732

799

5,925

5,821

7,488

7,209

8,678

929

14,121

6,240

4,986

6,171

6,285

6,214

3,237

7,925

12,538

9,044

2,170

89,755

1,850

25,588

Dividends paid

0

-

-

-

316

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

85

-2,547

2,745

2,585

2,074

842

0

0

-

-

-

-

-

-

-

-

Dividends paid

-

-

-

-

-

1,463

1,473

1,469

1,345

1,347

-226

3,045

1,600

-

1,400

1,401

1,314

1,364

1,383

-57

1,423

-

-

-

-

Repurchases of Class A common stock

-

-

-

-

-

-

-

-

-

0

214

2,974

401

0

0

0

1,198

-

-

-

-

-

-

-

-

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

98

456

196

315

0

37

348

247

61

28

685

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-1,374

-1,333

-1,857

-2,844

-2,865

-8,272

-7,642

-9,204

-8,613

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-3,959

-567

914

-2,287

-4,721

-4,296

-3,347

-5,371

-6,094

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

24,423

18,482

-1,564

4,147

-7,686

-9,091

-106,100

92,341

-13,337

-11,112

21,535

146,543

17,476

93,204

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-25,710

-4,608

16,236

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-25,710

-4,608

16,236

-2,768

1,037

-9,087

-6,307

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,622

-5,458

-15,372

-

98,216

1,309

-3,426

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

0

-

186

192

208

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustment to redeemable non-controlling interest in STRF Advisors LLC (Note 17)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

12,155

-

-

-

-

-

-

-

-

Fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,293

-

-

-

-

-

-

-

-

Issuance of non-controlling interest at fair value

-

-

-

-

-

-

0

0

56

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends declared and unpaid on Class A common stock ($0.03 per share)

0

-

-

-

174

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,500

Medley LLC [Member]
Fair value adjustment to redeemable non-controlling interest in STRF Advisors LLC (Note 17)

752

-

-

-

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

0

0

207

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-