MSG Networks Inc. MSGN Cash Flow

Msg networks inc. (MSGN)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent
46,270	39,964	43,067	41,179	54,235	43,838	46,930	45,202	46,935	155,568	41,157	39,691	44,155	43,255	40,241	48,737	44,670	33,913	-119,686	45,686	39,712	61,230	108,073	11,637	19,054	60,509	23,868	36,417	38,449	46,911	20,605	28,563	31,075	25,619	21,288	8,527	19,087	32,722	19,264
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-120	5,530	-40	-137	-161,017	2,413	3,893	12,314	-12,349	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	39,691	44,155	43,255	40,361	43,207	44,710	34,050	41,331	43,273	35,819	48,916	120,422	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
1,716	1,680	1,727	1,748	1,805	1,800	2,045	2,185	2,279	2,423	2,451	2,562	2,576	2,580	2,578	4,211	2,602	3,091	4,679	4,437	4,474	4,445	4,285	-56,059	29,674	24,388	22,807	24,693	22,995	21,744	19,700	24,509	22,536	24,094	16,364	23,756	21,170	14,148	13,499
Amortization of deferred financing costs
403	437	751	751	751	750	751	751	751	750	751	751	751	751	751	751	751	751	981	399	403	400	400	884	545	545	545	545	545	545	545	545	545	545	545	545	545	544	546
Share-based compensation expense
3,753	5,440	4,659	4,429	4,371	5,611	3,676	3,398	2,862	4,798	2,921	2,493	2,389	3,273	1,776	1,290	1,077	2,652	4,247	1,530	679	5,626	2,376	-1,359	8,590	5,637	2,830	1,442	4,958	5,509	3,387	3,393	4,344	7,073	3,506	2,602	3,268	2,873	2,519
Excess tax benefit on share-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	134	315	-4,166	8,586	-462	326	65	10,180	100	5,356	56	1,147	19	8,118	142	38	63	6,629	299	7	-	-	-	-
Gain on sale of Fuse, before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	23,764	162,414	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deemed Capital Contribution Related to Income Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,068
Change in deferred income taxes related to the sale of Fuse
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-22,267	-41,704	70,770	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Equity in loss of nonconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	663	-738	0	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
149	63	-167	1,686	-768	18	-6	-166	-69	178	74	-36	-44	-174	12	183	178	160	270	5	116	-17	140	-22	51	152	-139	-83	-288	36	107	334	-96	210	120	-9	199	303	129
Change in assets and liabilities:
Accounts receivable, net
1,192	-460	-509	-439	740	-528	-1,144	1,125	5,039	-1,542	769	-961	5,336	-785	-229	24,626	-8,578	8,868	-8,308	-15,226	10,182	18,820	-12,094	-50,209	50,205	19,758	-15,520	-29,199	41,826	521	5,787	-35,692	26,015	20,089	-1,292	-15,230	5,536	22,618	-3,272
Related party receivables, net
7,702	18,482	-13,562	-14,934	10,243	18,430	-9,755	-13,816	5,629	13,453	-10,066	-14,179	15,594	12,674	-12,428	-36,657	8,996	17,750	-1,921	-237	1,876	-353	-127	-1,235	-432	-2,740	10,557	-9,059	3,384	-2,930	-107	-445	2,285	1,037	1,813	-2,623	2,303	-188	-256
Prepaid expenses and other assets
-3,797	3,464	-330	-4,087	-1,643	2,361	-1,095	-1,345	559	905	-1,517	-2,808	-4,308	-362	-537	6,131	-2,299	-229	-12,006	14,146	-2,873	-458	-3,341	-29,405	1,020	-1,984	26,179	10,574	-25,400	-10,989	40,019	-7,506	-21,014	-12,645	42,243	5,917	1,695	-59,460	50,977
Accounts payable
702	157	-495	480	-195	321	-1,159	806	-744	808	-651	230	23	-10	-1,045	1,054	-969	-4,600	-4,801	-4,918	-2,399	8,495	-2,081	-3,867	-5,412	13,245	-7,590	9,050	-11,029	5,143	-17,907	14,504	-11,601	12,523	1,913	-1,477	7,641	3,194	2,546
Related party payables, including payable to MSG
527	165	55	-189	95	-2	373	-168	160	-1,713	-450	-2,867	2,002	-1,637	-652	-9,338	-11,321	-11,225	35,680	366	-449	42	461	-651	-260	809	30	-454	361	-1,274	1,288	-136	124	-272	646	-	-	-	-
Prepaid/payable for income taxes
16,408	-16,587	6,320	-5,150	1,235	-10,787	5,408	-12,403	15,983	2,696	3,889	-15,232	18,753	12,319	1,043	-18,413	7,355	21,554	16,636	-58,484	22,063	19,805	-10,210	-4,051	386	25,224	-31,285	-	-	-	-	-	-	-	-	-	-	-	-
Accrued and other liabilities
3,430	7,333	-15,455	2,220	3,078	6,377	-11,311	-3,362	2,794	6,551	-8,151	-8,134	6,750	4,473	-5,783	962	-2,574	6,316	-16,965	1,398	-839	9,740	-19,355	-58,800	55,877	72,069	-54,993	-32,653	9,680	69,130	-34,616	-16,461	22,792	71,650	-32,908	-20,287	-3,410	37,486	-32,665
Deferred revenue
220	-81	722	-2,011	290	-2,552	-168	-2,374	3,630	-1,984	283	-507	2,001	-1,439	-1,127	265	-2,199	2,440	666	-152	1,513	-512	-509	-36,038	-54,702	-42,111	133,551	-3,660	-55,678	-28,358	112,616	-121	-20,365	-16,849	92,927	29,397	-22,169	-41,145	61,415
Deferred income taxes
2,531	668	-1,564	724	3,932	-2,366	-4,445	2,146	475	107,706	669	1,414	2,085	1,664	284	9,370	-1,244	-7,045	17,524	28,176	-1,882	-2,440	-4,205	16,511	3,810	2,243	-12,734	-1,308	2,138	2,637	-8,990	904	-19,181	5,570	-9,074	5,877	7,656	-353	-15,886
Net Cash Provided by (Used in) Operating Activities
65,950	16,872	57,149	63,879	51,625	27,477	62,978	45,759	62,879	49,553	52,419	35,485	60,649	50,200	50,824	20,568	42,420	40,011	78,849	-38,543	31,484	15,838	13,872	-56,372	-6,819	143,872	79,995	82,293	-23,203	134,987	68,978	97,806	54,620	110,243	70,704	48,798	3,100	88,867	39,758
Cash flows from investing activities:
Capital expenditures
453	525	1,233	967	238	844	830	2,254	599	387	484	2,318	334	516	1,726	865	508	500	1,450	2,457	1,347	1,819	1,040	-242,066	47,886	102,219	92,640	32,810	37,374	88,965	70,348	49,285	86,268	120,448	145,423	53,043	42,863	59,839	33,493
Proceeds from sale of Fuse, net of transaction costs (see Note 5)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-493	228,556	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from asset sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	10
Payments for acquisition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,323	1,707	1,359	1,268	-	-	-	-
Investments in and loans to nonconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,758	3,891	147,244	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by (Used in) Investing Activities
-453	-525	-1,233	-967	-238	-2,844	-830	-2,254	-599	-387	-484	-2,318	-334	-516	-1,726	-865	-508	-500	-1,450	-2,430	-1,347	-2,312	227,516	412,447	-67,132	-106,110	-239,884	-32,810	6,762	-88,965	-70,348	-72,608	-87,975	-121,807	-146,691	-54,833	-43,215	-60,368	-33,483
Cash flows from financing activities:
Principal payments on capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67	65	63	62	61	63	76	72	72	70	364	358	343	352	331	330
Proceeds from Term Loan Facility (see Note 7)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,550,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on term loan facilities (see Note 7)
6,875	2,500	18,750	18,750	43,750	18,750	93,750	18,750	68,750	18,750	18,750	68,750	68,750	18,750	11,250	11,250	50,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from senior secured credit facilities (see Note 7)
0	0	100,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash distributed with MSG
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,467,093	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Financing Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	225	9,635	0	14	3	67	6,718	0	0	0	-	-	-	-	-	-	-	-	-	0	0	7
Share repurchase costs
36,239	252,951	367	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	904	20	78	72	138	38	270	156	641	44	22	55	3,632	2,865	270	215	2,254	431	66	122	676	312	202
Repurchases of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	100,027	25,947	113,372	1,398	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid in lieu of shares issued for share-based compensation
0	1,376	2,859	0	0	1,342	3,658	136	871	1,449	1,324	0	17	1,252	1,002	76	0	18	11,096	291	1,375	0	16,416	0	9,965	2,401	0	0	15,423	5,637	88	-	-	-	-	-	-	-	-
Excess tax benefit on share-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	134	315	-4,166	8,586	-462	326	65	10,180	100	5,356	56	1,147	19	8,118	142	38	63	6,629	299	7	-	-	-	-
Net cash used in financing activities
-43,114	-260,796	78,024	-18,750	-43,750	-20,092	-97,408	-32,736	-69,621	-20,199	-20,074	-68,750	-68,765	-20,002	-12,252	-11,184	-48,781	-4,389	-29,187	-26,628	-114,297	-1,298	-6,033	-6,529	-4,033	-2,364	1,107	13	-3,736	-2,706	148	206	-6,967	4,378	-285	94	-3,566	114	-135
Net cash provided by continuing operations
-	-	-	-	-	-	-	-	-	-	-	-35,583	-8,450	29,682	36,846	8,519	-6,869	35,122	48,212	-67,601	-84,160	12,228	235,355	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows of discontinued operations:
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	0	-23	-14	-939	1,994	-119,909	-10,646	14,870	58,119	-11,572	83,244	2,091	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-2,000	0	0	-68,410	-12,902	-42,119	-37,315	-8,934	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in discontinued operations
-	-	-	-	-	-	-	-	-	-	-	0	-23	-14	-939	-6	-119,909	-10,646	-53,540	45,217	-53,691	45,929	-6,843	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-244,449	133,940	-	-	4,541	-35,260	10,769	-7,341	28,967	31,861	-35,583	-8,473	29,668	35,907	8,513	-126,778	24,476	-5,328	-	-	-	-	15,706	-77,984	35,398	-158,782	49,496	-20,177	43,316	-1,222	25,404	-40,322	-7,186	-76,272	-5,941	-43,681	28,613	6,140
Supplemental Data [Abstract]
Income Taxes Paid, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51,932	31,567	-	13,646	10,958	33,332	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities: [Abstract]
Deemed capital distributions, net primarily related to income taxes and share-based compensation expense prior to Distribution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	216	2,844
Capital expenditures incurred but not yet paid for continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-789	1,597	-	-20,462	-11,165	76,075	29,570	4,797	-27,270	47,740	-10,915	-41,161	22,367	89,375	82,825	-1,551	-777	30,928
Non-cash net assets of MSG transferred in connection with the Distribution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leasehold improvements paid by landlord
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-349	535	1,251	-	0	674	935