On deck capital, inc. (ONDK)
CashFlow / TTM
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 income (loss)

-41,731

23,635

28,899

30,095

32,399

24,635

15,197

1,327

-5,714

-14,880

-55,163

-67,804

-83,943

-85,482

-54,165

-33,485

-10,029

-2,231

-1,379

-4,532

-10,334

-18,708

0

0

0

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Provision for credit losses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses

-

-

-

-

-

148,541

143,119

143,599

143,039

152,926

174,164

171,168

170,706

149,963

114,292

93,945

77,199

74,863

75,286

76,406

73,954

67,432

0

0

0

Depreciation and amortization

6,315

6,433

6,752

7,158

7,376

7,802

8,560

8,997

9,529

9,951

10,198

10,199

9,980

9,462

8,774

8,000

7,208

6,508

5,844

5,259

4,571

4,071

0

0

0

Amortization of debt issuance costs

3,758

3,605

3,378

4,473

6,228

6,656

6,604

5,688

4,239

3,806

3,582

3,443

4,642

4,538

4,440

4,474

2,842

2,837

2,796

2,526

2,697

2,676

0

0

0

Stock-based compensation

9,637

10,964

11,659

12,146

11,352

11,819

11,846

12,054

12,234

12,515

14,013

14,718

15,654

15,915

0

0

0

-

-

-

4,651

2,842

0

0

0

Warrant liability fair value adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Amortization of net deferred origination costs

-64,667

-66,955

-68,188

-66,899

-63,554

-58,121

-53,977

-50,606

-49,271

-48,755

-46,622

-44,680

-40,542

-36,040

-32,735

-30,630

-31,045

-32,939

-33,942

-33,262

-30,970

-27,267

0

0

0

Changes in servicing rights, at fair value

0

-69

-136

-171

-228

-290

-880

-1,192

-1,527

-2,097

-2,363

-3,016

-3,923

-4,997

-5,344

-4,344

-3,045

-1,270

0

0

0

-

-

-

-

Gain on sales of loans

-

-

-

-

-

-

-

-

-

2,485

3,707

6,231

8,784

14,411

30,770

44,889

53,786

53,354

0

0

0

-

-

-

-

Unfunded loan commitment reserve

1,260

1,308

906

1,250

1,315

1,438

1,137

908

587

535

325

585

885

-307

602

1,490

1,411

2,922

0

0

0

-

-

-

-

Provision for unfunded loan commitment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Common stock warrant issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64

0

0

0

Gain on extinguishment of debt

-

-

-

-

-

-

-

-

-

312

744

1,082

1,301

1,372

1,179

935

721

421

0

0

0

-

-

-

-

Gain on lease termination

-

-

-

-

-

1,481

1,481

1,481

1,481

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of fixed assets

-2,525

-3,199

-1,607

-1,606

-743

-5,737

-5,667

-5,668

-5,668

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangibles

623

501

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Other assets

16,455

15,059

8,030

12,568

5,269

4,972

4,402

-2,395

-164

-4,768

-1,385

1,586

-2,172

1,942

2,437

3,428

10,780

12,269

9,748

10,563

6,599

2,681

0

0

0

Accounts payable

2,135

2,476

-2,029

1,621

2,030

1,535

2,733

-1,482

-1,002

-2,597

-1,169

1,693

-1,483

2,570

1,563

-1,535

886

236

-926

4,033

4,107

1,599

0

0

0

Interest payable

361

-51

566

177

389

119

-81

168

-181

208

630

1,277

1,665

1,365

888

466

164

-62

-22

73

-176

-301

0

0

0

Accrued expenses and other liabilities

-250

4,992

8,255

5,216

5,059

5,595

2,151

4,709

2,730

-4,852

-1,217

-1,760

-1,596

5,580

4,877

8,453

15,040

16,034

12,453

11,949

5,968

6,034

0

0

0

Originations of loans held for sale

-

-

-

-

-

-

-

-

-

49,813

110,670

178,472

225,422

304,258

369,911

417,056

463,920

445,968

377,712

283,020

203,493

140,578

0

0

0

Capitalized net deferred origination costs of loans held for sale

-

-

-

-

-

-

-

-

-

1,667

3,323

5,450

7,595

10,269

13,533

15,416

18,356

17,601

0

0

0

-

-

-

-

Proceeds from sale of loans held for sale

-

-

-

-

-

-

-

-

-

51,463

114,497

187,314

235,094

314,627

392,590

455,382

500,655

489,364

413,359

298,447

226,287

154,070

0

0

0

Principal repayments of loans held for sale

-

-

-

-

-

-

-

-

-

1,135

2,085

3,225

4,134

7,235

9,730

15,648

15,428

12,298

9,316

2,420

1,702

1,347

0

0

0

Net cash provided by operating activities

270,830

282,396

289,837

283,630

280,943

265,835

245,087

233,322

220,549

211,553

193,871

178,933

159,273

134,251

118,780

120,974

110,623

118,947

123,646

112,648

116,632

103,196

0

0

0

Cash flows from investing activities
Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,318

11,547

6,639

9,015

12,894

13,262

9,185

14,606

0

0

0

Purchases of property, equipment and software

5,023

3,189

3,425

1,723

1,281

1,058

888

954

1,508

1,340

1,432

2,227

1,939

6,640

14,914

15,290

16,932

13,692

5,280

6,659

7,673

7,576

0

0

0

Capitalized internal-use software

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans and finance receivables, excluding rollovers into new originations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of fixed assets

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized internal-use software

-

-

-

-

-

5,385

4,431

3,559

3,098

2,919

3,169

3,859

4,594

4,645

4,680

4,553

4,398

4,197

4,549

4,473

4,017

3,467

0

0

0

Originations of loans and finance receivables, excluding rollovers into new originations

-

-

-

-

-

2,115,800

2,022,600

1,910,385

1,788,462

1,758,600

1,795,782

1,821,472

1,905,849

1,826,085

1,686,410

1,513,265

1,290,064

1,162,537

1,062,284

1,010,230

953,292

858,297

0

0

0

Proceeds from sale of loans held for investment

-

-

-

-

-

-

-

-

-

24,826

30,945

44,420

68,746

75,787

128,245

159,488

194,063

177,014

0

0

0

-

-

-

-

Payments of net deferred origination costs

67,927

69,426

71,331

70,229

71,018

66,682

60,535

54,774

48,012

46,133

46,920

47,366

49,551

47,082

40,684

32,054

28,952

28,353

30,680

35,957

35,034

34,253

0

0

0

Principal repayments of loans and finance receivables

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal repayments of loans and finance receivables

-

-

-

-

-

1,788,031

1,742,522

1,699,779

1,666,175

1,639,117

1,571,868

1,489,842

1,373,011

1,232,272

1,113,710

1,008,228

927,621

872,551

813,997

738,508

645,621

546,629

0

0

0

Purchase of loans

-

-

-

-

-

-

-

-

-

13,840

13,729

13,729

20,189

6,671

0

0

0

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

201

387

387

387

186

0

0

0

-

-

-

-

Net cash used in investing activities

-322,682

-303,614

-314,701

-349,100

-390,747

-401,695

-334,413

-255,986

-160,409

-158,889

-253,855

-353,038

-546,137

-583,265

-519,110

-416,052

-225,688

-168,415

-195,683

-273,172

-363,580

-371,570

0

0

0

Cash flows from financing activities
Tax withholding related to vesting of restricted stock units

1,897

1,959

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments by noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Repurchases of common stock

0

-

-

-

0

-

-

-

-86

0

1,143

1,245

1,060

855

0

0

0

-

-

-

-

-

-

-

-

Issuance of common stock under employee stock purchase plan

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options and warrants

68

98

101

110

84

78

40

146

298

454

556

440

267

197

155

168

226

251

808

4,457

4,596

4,625

0

0

0

Payments of initial public offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,845

4,084

4,084

4,084

2,239

0

0

0

Redemption of common stock and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

187

0

0

0

-

-

-

0

Issuance of common stock under employee stock purchase plan

-

-

-

-

-

1,435

1,435

1,260

1,356

1,838

1,838

2,365

2,365

2,606

4,431

3,312

3,312

1,825

0

0

0

-

-

-

-

Proceeds from the issuance of redeemable convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77,000

0

0

0

Proceeds from the issuance of debt

812,378

761,424

523,275

707,827

900,587

759,171

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Payments of debt issuance costs

2,396

5,338

3,856

5,098

9,057

6,034

6,340

4,572

1,694

4,108

4,854

5,825

8,585

6,281

5,160

4,297

1,867

1,690

1,944

2,863

5,726

5,723

0

0

0

Repayments of debt principal

635,029

691,555

489,862

649,308

790,991

632,744

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

97,224

20,913

16,768

51,300

102,221

121,724

89,373

10,529

-82,631

-62,496

56,212

189,083

349,285

374,728

319,247

193,833

83,915

-10,468

216,672

321,356

393,042

484,137

0

0

0

Effect of exchange rate changes on cash and cash equivalents

153

-465

-2,787

-2,201

-2,824

-3,050

-845

-1,516

-54

670

382

598

-58

-13

1,318

-384

-209

-675

0

0

0

-

-

-

-

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

45,525

-770

-10,883

-16,371

-10,407

-17,186

-798

-13,651

-22,545

-9,162

-3,390

15,576

-37,637

-74,299

-79,765

-101,629

-31,359

-60,611

143,071

160,709

146,094

215,763

0

0

0

Supplemental disclosure of other cash flow information
Cash paid for interest

39,699

40,004

51,011

40,801

41,612

42,208

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

0

30,926

-

19,937

16,754

15,269

15,394

15,741

15,562

15,135

14,968

0

0

0

Supplemental disclosures of non-cash investing and financing activities
Stock-based compensation included in capitalized internal-use software

227

270

292

222

232

243

151

165

151

175

599

963

1,228

1,470

1,305

1,164

1,051

877

691

540

393

253

0

0

0

Unpaid principal balance of term loans rolled into new originations

376,451

395,192

500,590

399,017

376,056

368,385

253,012

335,822

327,001

306,250

293,741

281,880

275,876

273,453

272,352

268,447

274,081

265,933

247,120

224,103

189,652

158,876

0

0

0

Accretion of dividends on redeemable convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,884

0

0

0