MTBC, Inc. MTBCP Cash Flow

Mtbc, inc. (MTBCP)

CashFlow / TTM

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
OPERATING ACTIVITIES:
NET LOSS
-3,077	-871	-1,780	-3,475	-2,509	-2,138	-1,745	-893	-2,782	-5,565	-9,405	-9,920	-9,521	-8,796	-5,573	-5,311	-5,505	-4,687	-4,882	-6,489	-5,291	-4,509	0	0	0
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization
3,800	3,070	3,355	3,364	3,084	2,913	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	5,208	5,662	5,414	5,108	4,636	4,655	4,652	4,598	4,497	4,612	3,680	2,791	0	0	0
Amortization of sales commissions
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent
-	-	-	-	-	61	64	67	57	53	44	36	37	33	31	25	17	11	5	0	-4	-9	0	0	0
Lease amortization
2,179	1,888	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-90	-5	-17	-21	-28	-46	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
394	118	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	5	-42	-42	-41	-42	-9	-29	-28	-24	-26	-33	-31	0	0	0
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-153	0	0	0
Provision for doubtful accounts
-	-	-	-	-	-	-	-	323	409	443	529	434	291	390	288	268	275	196	203	169	169	0	0	0
Provision (benefit) for deferred income taxes
150	80	13	-300	-301	-207	-325	-5	10	26	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Foreign exchange (gain) loss
-160	-827	-78	398	44	434	326	577	364	248	7	-33	-34	-92	-35	15	101	157	55	184	115	-123	0	0	0
Interest accretion
544	497	429	354	262	191	192	682	714	722	728	245	214	200	184	140	92	50	11	53	65	77	0	0	0
Gain from reduction in referral fee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	105	0	0	0
Gain on sale of assets
9	38	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash restructuring charges
-	-	-	-	-	-	-	-	-	17	17	17	17	0	0	0	0	-	-	-	-	-	-	-	-
Stock-based compensation expense
3,765	3,215	3,264	3,476	3,093	2,463	2,677	1,816	1,485	1,487	1,446	1,464	1,517	1,877	897	926	991	628	618	520	385	258	0	0	0
Change in contingent consideration
-	-343	-338	-33	-22	73	68	42	194	151	43	-152	-681	-715	-1,111	-1,281	-1,002	-1,786	-2,669	-2,727	-2,640	-1,811	0	0	0
Acquisition settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	0	0	0
Changes in operating assets and liabilities, net of businesses acquired:
Accounts receivable
-943	-765	-451	-1,744	-974	-1,479	-505	486	182	-41	-141	-100	-29	456	172	-192	-236	-520	-468	2,051	2,160	2,167	0	0	0
Contract asset
-148	-362	-111	457	105	404	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory
121	46	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
642	529	-165	-911	-160	-248	-379	-389	-516	-511	-218	-243	-379	-323	-341	-262	-372	-233	-362	-213	17	-72	0	0	0
Accounts payable and other liabilities
-5,068	-1,372	-966	1,493	1,597	2,149	2,630	-982	-1,387	-1,541	-757	384	660	1,087	-393	-923	-1,227	-1,689	-981	1,272	1,737	2,283	0	0	0
Net cash (used in) provided by operating activities
2,797	7,617	6,817	8,157	7,076	6,812	6,337	2,938	1,822	281	-1,711	-1,261	-1,353	-889	0	0	0	-	-	-	-	-	-	-	-
INVESTING ACTIVITIES:
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,254	-3,998	-2,700	0	0	0
Capital expenditures - fixed assets
2,586	2,558	1,611	1,556	1,364	1,028	940	728	659	697	643	616	572	463	414	412	440	421	872	1,215	1,146	1,116	0	0	0
Capitalized software
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisition (net)
13,452	1,600	0	0	0	-	-	-	-	-	-	-	-	3,370	1,485	1,546	1,430	180	0	0	0	-	-	-	-
Net cash used in investing activities
-17,680	-4,158	-3,211	-14,756	-13,964	-13,628	-13,540	-1,933	-864	-902	-2,793	-2,561	-2,692	-3,833	0	0	0	-	-	-	-	-	-	-	-
FINANCING ACTIVITIES:
Payment of registration statement and bank costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-122	90	20	0	0	0	0	-	0	0	0
Preferred stock dividends paid
6,615	6,109	5,795	5,348	4,822	4,102	3,410	2,789	2,038	1,485	1,049	801	752	709	554	366	207	47	0	0	0	-	-	-	-
Purchase of common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	546	668	668	549	122	0	0	0	-	-	-	-
Settlement of tax withholding obligations on stock issued to employees
1,339	1,391	1,320	1,051	991	333	333	213	409	195	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	8,800	10,606	11,028	10,678	10,904	8,312	5,890	5,525	0	0	0
Repayments of notes payable, net
485	430	424	506	456	464	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration payments
27	182	221	250	257	150	177	195	169	145	116	223	214	190	0	0	0	-	-	-	-	-	-	-	-
Advances to majority shareholder
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	0	0	0
Repayment of advances to majority shareholder
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	0	0	0
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12,810	-12,682	-12,652	0	0	0
Proceeds from long term debt, net of costs
-	-	-	-	-	-	-	-	-	-	-	-	-	1,908	3,812	7,397	7,397	5,489	0	0	0	-	-	-	-
Repayments of notes payable
-	-	-	-	-	-	-	-	-	12,719	8,461	5,238	1,916	1,389	649	763	793	810	979	1,108	1,136	1,222	0	0	0
Proceeds from line of credit
0	-	-	-	0	-	-	-	-	-	-	-	-	6,000	8,800	9,606	10,028	11,463	11,704	10,097	7,675	5,725	0	0	0
Other financing activities
-	-	-	-	-	-111	185	40	3	-116	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
10,818	1,422	9,341	6,194	16,184	17,656	6,219	5,656	1,847	1,843	259	3,033	-2,032	148	0	0	0	-	-	-	-	-	-	-	-
EFFECT OF EXCHANGE RATE CHANGES ON CASH
-66	639	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET DECREASE IN CASH
-4,131	5,521	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EFFECT OF EXCHANGE RATE CHANGES ON CASH
-	-	-	-	-	-	-	-	-514	-338	-75	-19	-38	11	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,624	17,564	15,878	0	0	0
EFFECT OF EXCHANGE RATE CHANGES ON CASH
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	-3	24	0	0	0
NET DECREASE IN CASH
-	-	-	-	-	-	-	-	2,291	885	-4,321	-808	-6,117	-4,562	5,497	5,986	6,181	6,990	-880	599	879	550	0	0	0
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES:
Preferred stock issued in connection with CareCloud acquisition
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Vehicle financing obtained
0	24	0	0	0	-	-	-	-	-	-	-	-	222	199	184	121	30	0	0	0	-	-	-	-
Dividends declared, not paid
2,666	1,745	1,999	1,899	2,187	1,468	1,164	1,381	1,312	747	638	465	245	202	0	0	0	-	-	-	-	-	-	-	-
Warrants issued
0	-	-	-	0	-	-	-	-	-	-	-	-	678	564	1,308	1,318	888	0	0	0	-	-	-	-
Purchase of prepaid insurance through assumption of note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	486	0	0	0
Accrued IPO-related costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
SUPPLEMENTAL INFORMATION - Cash paid during the period for:
Income taxes
90	119	108	48	56	42	29	31	21	9	29	43	44	52	32	16	16	9	9	9	9	5	0	0	0
Interest
91	67	65	72	71	64	57	378	492	612	729	502	491	451	396	350	270	256	198	149	140	147	0	0	0