New age beverages corp (NBEV)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss

-11,618

-65,851

-10,687

-11,681

-1,616

-2,612

-3,504

-3,367

-2,651

-4,845

-479

2,496

-707

-1,511

163

-1,997

-287

-175

-120

-247

-225

-656

-206

-23

-42

-58

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense

-

-

-

-

-

-

-

-

521

-

246

241

229

-

159

24

24

56

55

46

40

26

26

25

24

26

Depreciation and amortization

1,879

1,983

2,523

2,017

2,236

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash lease expense

-1,282

-

-

-

-1,389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

1,357

1,110

991

1,000

3,287

1,145

489

521

377

1,731

0

0

0

-

-

-

-

-

-

-

-

-

20

0

0

0

Deferred income tax benefit

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) from change in fair value of derivatives

-326

67

-166

0

470

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion and amortization of debt discount and issuance costs

140

141

187

496

1,113

595

170

15

0

99

-128

0

128

2

24

10

9

-

-

-

-

-

-

-

-

-

Amortization of stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66

-

-

-

560

-

-

-

-

Gain (loss) from sale of property and equipment

-80

8

-85

0

6,442

-

-

-

0

-

-

-

-

-

-

-

-

0

-

-

22

6

-

-

0

0

Make-whole premium on early payment of Siena Revolver

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

-

-

-

-

-

-

-

-

-

-

54

-21

30

0

0

0

0

-

-

-

-

-

-

-

-

-

Change in fair value of earnout obligations

-63

-

-

-

-

0

0

0

-100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax benefit

-39

-

-

-

-13,916

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expense for make-whole premium

-

-

-

-

480

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

523

-1,411

-3,428

5,727

-387

-1,471

315

616

-746

-762

616

2,325

121

-480

-769

61

30

-6

7

0

-0

-21

34

1

-3

6

Inventories

-3,068

-1,602

-985

-2,675

2,470

419

475

2,160

319

-3,121

2,580

1,391

-551

-123

-538

13

25

26

-27

-18

-10

7

-17

-4

0

0

Prepaid expenses, deposits and other

-85

-4,103

-314

3,637

-122

1,839

-774

446

266

-1,205

1,180

221

273

-161

-16

6

-20

-

-

-

-

-

-

-

-

-

Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

-

-

-

0

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7

-7

-89

-28

-0

-4

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-31

32

7

-33

60

-2

-4

11

-19

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

-

-

-

0

-

-

-

-

Due to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-49

-2

51

Accounts payable

-675

250

349

-1,923

2,231

218

-5,221

2,754

-1,334

858

972

931

-2,952

59

-429

174

195

2

43

158

-109

42

33

82

-28

18

Other accrued liabilities

-8,946

-2,447

-6,666

9,228

7,468

-

-

-3,576

2,699

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred lease incentive obligation

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in lease liability

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-13,521

-10,860

-23,458

8,718

-6,201

-8,565

-6,841

-6,297

-127

1,977

-3,712

-3,562

-3,114

-14

1,242

-158

-94

-60

-

-

-

7

-

-

-

21

CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of equipment

174

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

0

1

5

37

22

-3

8

0

0

Repair obligations

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures for property and equipment

1,591

2,781

1,335

958

283

671

8

0

64

-47

196

265

148

40

6

0

0

47

33

538

-240

319

-2

15

16

-6

Net proceeds from sale of land and building in Japan:
Related to sale of property

-

0

4,428

-4,428

35,873

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repair obligation

-

-

-

-

1,675

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Security deposit under sale leaseback arrangement

-

-

-

-

1,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of assets of Maverick Brands, LLC

-

-

-

-

-

-

-

-

-

-

0

0

2,000

-

0

0

0

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-1,417

-2,781

1,331

-4,586

35,465

-29,367

-6

0

-64

-62

-196

8,634

-2,148

713

-760

-8,500

0

-97

-31

-122

-132

-297

-1

-6

-3

-6

CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on borrowings

10,075

-

-

-

16,196

-

-

-

-

-

-

-

-

-

-

-

-

-17

5

5

24

-9

45

19

39

0

Proceeds from borrowings

-

9,220

10,390

5,128

36,550

9,526

-4,565

4,565

0

-

-

-

-

-

-

-

-

110

0

0

0

0

0

30

75

-20

Proceeds from issuance of common stock

8,288

-

-

-

-

-

-

-

-

-239

0

0

15,638

0

0

0

0

-

-

-

-

-

-

-

-

-

Proceeds from deferred lease financing obligation

-

-

-

-

17,640

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-8,300

8,300

200

-

-

-

-

-

-

-

-

-

Issuance of stock for cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

86

-

-

-

0

Repayment of notes payable and capital lease payments

10,075

-

-

-

16,196

-

-

-

-

-

-

-

-

-

-

-

-

-17

5

5

24

-9

45

19

39

0

Proceeds from exercise of stock options

4

206

0

0

418

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on borrowings

158

-

-

-

-

-

-2,000

2,000

0

6,212

-6,299

5,326

10,369

437

2,315

0

0

-

-

-

-

-

-

-

-

-

Net factoring advances

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-104

-7

1

-

-

-

-

-

-

-

-

-

Proceeds from convertible note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

424

-

-

-

0

-

-

-

-

Debt issuance costs paid

57

20

212

469

250

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for deferred offering costs

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for make-whole premium

-

-

-

-

480

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-2,000

6,067

6,411

-30,766

37,682

54,723

35,261

6,416

0

-2,221

4,220

-5,326

5,268

-437

-219

8,513

201

517

-5

-5

257

77

504

10

36

-20

Effect of foreign currency translation changes

-1,366

115

390

622

566

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash, cash equivalents and restricted cash

-18,304

-7,459

-15,326

-26,012

67,512

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SUMMARY OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH:
NET CHANGE IN CASH

-

-

-

-

-

-

-

-

-191

-306

311

-255

5

261

261

-145

107

359

-16

-150

50

-212

395

-9

1

-4

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest

227

135

367

162

55

-

-

112

57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

-8

3

3

4

19

6

-1

4

Cash paid for income taxes

14,052

-

-

-

1,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for amounts included in the measurement of operating lease liabilities

2,394

-

-

-

1,874

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in payables for debt discount and issuance costs

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets acquired in exchange for operating lease liabilities

1,889

-

7,058

1,475

18,366

-

-

0

214

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

Cash paid under right-of-use operating lease obligations

-

-

-

-

-

-

-

0

193

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Principal payment

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Make-whole premium

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of mortgage from proceeds from sale of land and building

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted stock granted for prepaid compensation

-

0

-76

0

576

-

-

0

353

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in payables for: Debt discount and issuance costs

179

-

-

-

654

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in payables for: Capital expenditures

35

-

-

-

128

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs paid from proceeds of borrowings

-

-

-

-

-

-

-

0

170

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in payables for capital expenditures

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt discount due to preferred stock issued with notes payable and related party debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

185

-

-

-

0

-

-

-

-

Debt discount due to common stock issued with notes payable and related party debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

-

-

-

0

-

-

-

-

Issuance of common stock for prepaid consulting services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

18

113

0

600

188

0

0

0

Transfer of deposit on equipment to property and equipment for equipment placed in service

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1

-183

80

223

-188

188

0

0