Marlin business services corp. (MRLN)
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'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net income

-11,821

8,414

7,446

6,115

5,141

6,422

5,906

6,467

6,185

15,894

3,305

4,553

1,540

4,815

4,345

4,468

3,651

2,965

4,797

4,149

4,055

4,867

4,904

4,936

4,643

3,426

4,687

4,467

3,651

3,645

3,415

2,988

1,649

2,060

1,831

1,530

754

Adjustments to reconcile Net (loss) income to net cash provided by operating activities:
Depreciation and amortization

1,057

433

1,242

1,181

1,209

1,086

-168

1,204

1,024

809

760

786

609

463

467

445

448

470

427

394

393

436

407

373

396

347

386

534

549

617

539

555

548

571

621

643

641

Stock-based compensation

518

334

894

990

861

800

910

763

921

525

664

571

978

423

352

319

743

1,188

326

313

909

323

315

329

997

978

383

358

841

350

298

360

1,552

282

430

484

1,119

Goodwill Impairment Loss

6,735

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax (benefits) deficit from stock-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

0

62

4

-10

-80

10

6

179

138

92

38

313

311

4

198

147

703

-308

170

-11

741

656

90

537

0

Amortization of deferred net losses on cash flow hedge derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

23

34

46

58

Change in fair value of derivatives

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

2

1

-4

-1

-9

-38

-5

Unrealized gains and (losses) recognized during the reporting period on equity securities still held at the reporting date

58

-17

27

51

43

33

-27

-26

-55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses

25,150

-

-

-

5,363

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses

-

-

-

-

-

5,761

4,893

4,256

4,612

4,516

5,680

4,314

3,884

3,534

3,137

2,668

3,075

2,453

1,986

2,216

3,340

2,554

2,706

2,124

1,732

3,257

2,303

1,893

2,164

2,374

1,413

1,031

1,102

1,194

837

924

1,179

Net deferred income taxes

2,107

-1,350

-2,741

-2,778

-1,364

-4,793

2,840

-1,985

-1,883

-6,421

1,596

1,099

2,128

-736

508

1,364

610

-1,593

608

989

378

-814

1,368

-766

1,060

-1,083

788

926

-574

-176

1,098

2,493

-384

5,155

-133

443

790

Amortization of deferred initial direct costs and fees

-3,413

-3,838

-3,756

-3,689

-3,563

-3,446

-3,398

-3,315

-3,202

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred initial direct costs and fees

-

-

-

-

-

-

-

-

-

-

-2,945

-2,759

-2,538

-2,419

-2,173

-2,072

-2,030

-1,955

-1,895

-1,849

-1,831

-1,838

-1,807

-1,817

-1,801

-1,785

-1,730

-1,667

-1,592

-1,563

-1,459

-1,372

-1,286

-1,250

-1,264

-1,316

-1,334

Deferred initial direct costs and fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,567

-6,150

2,276

2,082

1,792

-12,378

1,818

1,867

1,597

-13,577

1,926

2,090

1,799

-

-

-

-

-

-

-

-

Deferred initial direct costs and fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,908

2,018

1,927

-

1,429

1,386

1,189

Loss on equipment disposed

0

-488

-420

-522

-389

-326

-289

-294

-310

-283

-249

-203

-335

-272

-187

-133

-254

-237

-84

-79

-137

-208

-206

-437

-554

-619

-536

-578

-651

-677

-809

-872

-739

-673

-682

-716

-756

Gain on leases sold

2,282

8,810

6,456

3,332

3,612

3,504

2,243

935

1,681

1,893

251

478

196

275

126

72

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leases originated for sale

3,693

16,333

17,002

18,361

10,675

11,714

3,659

1,516

547

1,982

1,090

510

1,087

601

247

378

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of leases originated for sale

3,874

16,980

17,709

19,010

11,052

12,221

3,744

1,546

558

1,995

1,117

524

1,091

607

249

378

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash lease expense

324

-

-

-

275

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non cash lease expense

324

-

-

-

275

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating leases liabilities increase decrease

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of changes in other operating items:
Other assets

12,002

-1,891

-1,084

-433

4,982

-1,510

-10,005

-4,369

-1,058

16,033

-2,766

250

5,509

1,695

224

-2,086

2,824

4,119

-6,320

355

5,444

235

-4,484

170

2,397

-742

-16,771

-297

3,932

3,429

-824

-4,754

2,878

-1,624

-1,598

-4,594

2,776

Other liabilities

1,083

-2,735

-1,840

-2,701

2,559

2,285

-3,658

903

4,122

-408

1,274

-1,290

11,650

-1,485

-1,739

1,050

1,587

-1,010

711

-1,187

2,487

-2,757

1,635

-1,472

1,569

-453

221

-466

2,227

1,291

1,402

337

2,742

-2,055

383

-807

3,394

Net cash provided by used in operating activitiesContinuingOperations

-

-

-

-

-

-

-

-

-

-

-

-

-

9,151

8,062

14,382

5,867

11,872

13,656

4,208

5,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

10,191

17,876

17,525

14,555

12,464

23,398

16,604

22,677

21,702

13,260

15,823

10,083

13,705

-

-

-

-

-

-

-

-

-

13,240

6,960

6,327

-

24,105

6,167

5,815

5,657

6,981

7,809

4,472

-1,796

6,303

7,118

4,485

Cash flows from investing activities:
The net cash inflow or outflow of time deposits in other financial institutions

-737

1,992

-2,240

-1,440

-1,580

-249

-996

-750

446

250

0

747

498

-498

1

-495

-1,245

0

0

-4,233

-3,135

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of equipment for direct financing lease contracts and funds used to originate loans

156,145

222,003

184,916

212,747

197,168

207,695

175,349

173,764

165,937

176,895

149,792

158,790

149,232

149,012

131,156

126,676

108,393

112,895

101,902

93,346

81,667

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Loan and Lease Originations and Principal Collections

129,810

-

-

-

122,871

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-82,540

-89,021

-74,255

-

-86,210

-91,540

-80,944

-

-

-

-

-

-

-

-

Purchases of equipment for direct financing lease contracts and funds used to originate loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72,362

-

59,704

53,889

47,034

Principal collections on leases and loans

-

-

-

-

-

-

-

-120,241

-115,428

-

-108,025

-105,040

-101,956

-93,823

-92,633

-87,564

-85,253

-78,176

-81,322

-77,501

-78,848

-75,259

-75,246

-70,931

-67,428

-66,006

-62,656

-58,132

-54,744

-53,305

-49,927

-47,288

-45,651

-45,016

-45,218

-45,022

-47,845

Proceeds from sale of leases originated for investment

21,337

106,308

74,176

41,962

45,428

49,422

39,485

16,279

24,104

35,993

8,783

12,317

7,802

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Security deposits collected, net of refunds

-78

-71

-45

-54

-76

0

-69

-48

-93

-100

-139

-131

-78

-166

-167

-234

-148

-111

-142

-97

-42

-51

-9

117

-88

-12

-32

37

-140

-127

15

-59

-166

-336

-583

-436

-555

Proceeds from the sale of equipment

840

589

656

713

696

683

706

923

808

925

748

877

865

882

896

953

802

856

862

817

833

645

844

846

984

815

874

916

848

962

1,147

1,277

964

1,398

1,239

1,228

1,214

Acquisitions of property and equipment

796

2,165

2,676

440

376

857

436

297

246

328

288

984

254

219

234

392

174

223

356

807

964

533

404

548

129

218

168

511

114

153

163

360

285

117

213

178

315

Business combinations

-

-

-

-

-

-

-

-

-

-5,000

0

0

2,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principle payments received on securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

947

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted interest-earning deposits with banks

-

-

-

-

-

-

-

-

-

-

-

-

-

216

-26

-86

-104

-173

-154

-1,002

834

-234

-18

-227

-83

-327

-186

-375

-1,359

-7,227

-2,428

-15,312

-150

-782

-1,491

-20,302

4,105

Principle payments received on securities available for sale

594

-

486

157

372

-

-355

188

444

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-290

18

-253

517

-288

768

-139

19

-75

17

-14

23

-10

17

1,017

1,518

-27

20

1,518

12

11

13

152

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-44,204

-33,964

-36,811

-23,548

-34,541

-19,774

-19,931

-6,822

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-5,175

20,726

17,223

-46,157

-29,833

-40,740

-23,918

-37,228

-25,046

-28,383

-34,467

-45,979

-39,996

-

-

-

-

-

-

-

-

-

-6,770

-17,465

-5,963

-

-22,684

-32,608

-25,264

-28,095

-28,308

-17,004

-27,566

-21,696

-12,563

12,036

-3,102

Cash flows from financing activities:
Net change in deposits

102,864

-30,125

-19,304

48,394

84,391

55,669

-163,461

30,423

23,830

2,361

26,116

41,045

42,436

20,437

26,491

37,708

24,781

8,315

25,435

-3,645

7,716

15,563

2,626

-6,279

35,171

25,615

15,907

41,918

41,410

36,195

58,211

45,022

40,181

41,181

32,876

28,791

2,812

Term securitization repayments

14,008

15,783

18,058

19,725

21,104

23,286

27,131

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,789

3,730

23,328

12,272

14,666

16,712

30,404

21,282

Bank facility advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

0

8,891

3,000

3,000

500

8,451

28,730

Bank facility repayments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,021

4,392

10,101

11,791

11,233

11,209

9,040

11,419

12,493

12,576

7,775

Business combinations earn-out consideration payments

132

112

126

102

121

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuances of common stock

-

-

-

-

-

-

-

-

-

187

0

169

0

-

-

-

-

113

0

121

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

4,538

1,066

3,393

1,719

1,145

809

1,067

32

1,000

1,519

98

2,094

790

15

13

8

309

3,614

3,084

1,946

2,676

27

1,938

2,266

1,496

14

77

166

911

617

97

3

1,472

871

2,517

2,245

816

Dividends paid

1,685

1,696

1,713

1,729

1,727

1,716

1,741

1,738

1,741

1,698

1,753

1,748

1,759

1,658

1,754

1,748

1,747

27,244

1,790

1,599

1,616

1,601

1,609

1,418

1,434

1,428

27,385

1,283

1,273

1,017

1,015

760

760

766

0

0

0

Exercise of stock options

-

-

-

-

-

-

-

-

-

1

0

112

375

6

32

39

0

0

29

224

333

79

12

37

26

22

944

370

188

572

248

0

31

246

957

31

0

Excess Tax Benefit From Share Based Compensation Financing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

313

311

4

198

147

703

-308

170

-11

741

656

90

537

0

Excess tax benefit deficit from share based compensation financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-62

-4

10

80

-10

-6

-179

-138

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

14

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

18,969

24,760

36,103

22,645

-22,420

20,596

-6,666

3,895

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in total cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

1,588

13,971

-16,084

-1,142

13,674

4,964

-45,089

14,478

-22,389

2,473

6,445

5,599

-19,983

32,942

9,836

-10,013

10,293

10,567

-5,055

21,018

9,407

-2,685

-6,060

-3,559

11,840

3,038

Net cash used in financing activities

82,501

-48,612

-42,594

25,359

60,294

30,046

6,584

28,887

21,089

-668

24,265

37,484

40,262

-

-

-

-

-

-

-

-

-

-871

-9,478

32,578

-

-11,434

36,734

30,016

17,383

42,345

18,602

20,409

17,432

2,701

-7,314

1,655

Net increase in total cash, cash equivalents and restricted cash

87,517

-

-7,846

-6,243

42,925

-

-730

14,336

17,745

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosures of cash flow information:
Cash paid for interest on deposits and borrowings

5,420

5,925

6,106

6,300

5,204

4,864

4,461

3,760

3,045

3,187

2,589

2,391

2,162

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest on deposits and borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

1,944

1,952

1,719

1,530

1,471

1,246

1,268

1,133

1,131

1,057

1,032

1,038

869

848

866

891

1,078

1,116

1,552

1,807

2,095

2,557

2,681

2,745

Net cash paid (refunds received) for income taxes

1,797

-162

1,374

-9

1,371

-4,582

-1

41

-8,092

322

4,486

5,195

192

2,651

2,902

2,287

345

3,969

1,857

7,360

123

3,410

2,053

3,071

1,709

3,226

-13,091

2,935

1,459

4,705

2,388

2,413

48

4,307

-116

163

184

Transfer of leases to held-for-sale

19,235

98,149

68,423

39,279

42,193

46,421

37,330

15,374

22,434

34,055

8,559

11,853

7,610

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of equipment for direct financing lease contracts and loans originated

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosures of non cash investing activities:
Noncash or Part Noncash Acquisition, Value of Assets Acquired

0

-146

0

0

146

0

3,376

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash or Part Noncash Acquisition, Fixed Assets Acquired

3,773

-1,516

1,394

59

6,979

-2,405

1,699

4,266

5,028

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-