Orbcomm inc. (ORBC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net loss

-18,132

-25,939

-61,195

-23,226

-12,999

-4,525

4,759

8,903

-56

-4,945

-3,309

Adjustments to reconcile net loss to net cash provided by operating activities:
Change in allowance for doubtful accounts

2,008

3,426

85

310

676

427

26

12

-300

-246

698

Impairment charges - satellite network

-

-

31,224

10,680

12,748

605

-

-

-

-

-

Accretion on note payable - related party

-

-

-

-

-

-

-

-

98

131

131

Change in the fair value of acquisition-related contingent consideration

2,063

8,035

1,002

360

1,606

2,132

1,003

150

-

-

-

Amortization of the fair value adjustment related to StarTrak warranty liabilities

-

-

-

-57

-12

-164

-47

200

-

-

-

Amortization and write-off of deferred financing fees

776

776

3,106

835

464

869

-

-

-

-

-

Depreciation and amortization

50,702

49,684

45,681

42,803

26,571

10,856

6,001

4,824

4,995

4,317

19,115

Loss on dispostion of other investment in Alanco

-

-

-

-

-

-

-

-

305

-

-

Stock-based compensation

6,180

7,910

5,673

5,023

4,620

3,610

2,973

1,801

1,914

2,211

1,511

Foreign exchange (gain) loss

143

-59

-299

106

413

227

-32

92

8

-47

217

Amortization of premium on marketable securities

-

-

-

-

-

-

187

765

1,219

1,164

72

Increase in fair value of indemnification assets

-

-

-

-

-

126

253

103

10

-

-

Loss on settlement agreement in connection with the indemnification assets

-

-

-

-

-

97

-

-

-

-

-

Deferred income taxes

-1,213

-1,491

-2,047

256

825

-276

724

26

46

-258

-

Other

2,240

-

-

-

-

-

-

-

-

-

-

Gain on extinguishment of debt and accounts payable

-

-

-

-

-

-

-

1,214

-

-

-

Dividend received in common stock for other investment

-

-

-

-

-

-

-

-

84

28

-

Gain on settlement of vendor liabilities

-

-

-

-

-

-

-

-

-

220

-

Impairment charge and loss on sale of Stellar

-

-

-

-

-

-

-

-

-

3,306

-

Gain on insurance settlement-satellite network

-

-

-

-

-

-

-

207

-

-

15,006

Amortization of transition shared services

-

-

-

-

-

-

-

114

-

-

-

Other

-

-

-

-

-

-173

-

-

-

-

-

Impairment charge-satellite network

-

-

-

-

-

-

-

-

-

6,509

-

Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable

5,156

14,040

10,025

1,702

-8,045

6,882

2,698

1,615

1,507

1,440

705

Inventories

5,607

-8,277

16,922

1,950

7,953

5,291

-729

-318

544

79

-77

Prepaid expenses and other assets

-2,432

-3,994

10,474

4,574

449

173

444

-202

50

64

-532

Accounts payable and accrued liabilities

1,093

-14,876

12,168

4,893

-2,995

5,353

-1,465

191

535

-320

286

Deferred revenue

-783

2,708

-1,653

-3,332

-1,126

611

-1,032

608

-153

-6,911

-1,069

Other liabilities

-2,250

-999

41

-567

-313

397

265

-238

-93

319

-

Net cash (used in) provided by operating activities

-

-

-

-

26,083

3,202

8,754

13,945

-

3,493

2,116

Net cash used in operating activities of discontinued operations

-

-

-

-

-

-

-

-

-

-51

949

Net cash provided by operating activities

30,084

11,454

-5,041

28,926

-

-

-

-

6,307

3,442

3,065

Cash flows from investing activities:
Acquisition of businesses, net of cash acquired

-

-

67,911

3,452

141,575

28,883

7,076

4,000

-

-

-

Capital expenditures

21,067

22,198

27,360

28,424

70,017

45,543

37,296

36,570

7,881

7,171

32,486

Cash held for acquisition

-

-

-

-

-123,000

123,000

-

-

-

-

-

Proceeds received from settlement agreement in connection with indemnification assets

-

-

-

-

-

691

-

-

-

-

-

Proceeds from warranty claim on acquired inventory

-

-

-

-

-

167

-

-

-

-

-

Purchases of marketable securities

-

-

-

-

-

-

51,448

52,493

81,254

143,224

26,217

Proceeds from maturities of marketable securities

-

-

-

-

-

-

79,230

69,732

101,963

100,303

-

Change in restricted cash

-

-

-

-1,000

-

-1,000

-

-1,025

-810

50

-1,700

Other

-

-650

650

198

-

-

-

-

-

-

-

Purchase of other investment

-

-

-

-

-

-

-

-

-

1,356

-

Proceeds of insurance settlement-satellite network

-

-

-

-

-

-

-

10,000

-

-

44,250

Net cash (used in) investing activities

-

-

-

-

-88,592

-195,568

-16,590

-12,306

-

-51,498

-12,753

Net cash provided by investing activities of discontinued operations

-

-

-

-

-

-

-

-

-

48

-208

Net cash used in investing activities

-21,067

-21,548

-95,921

-31,074

-

-

-

-

11,762

-51,450

-12,961

Cash flows from financing activities:
Cash paid for debt issuance costs

-

-

5,359

-

942

3,652

1,387

-

-

-

-

Proceeds received from exercise of stock options

-

-

-

-

244

101

1,825

-

-

-

-

Proceeds from employee stock purchase plan

1,076

1,194

1,001

345

-

-

-

-

-

-

-

Purchases of common stock under share repurchase program

9,444

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

-

27,967

15,000

-

-

114,798

-

-

-

-

-

Proceeds from issuance of long-term debt

-

-

250,000

-

10,000

150,000

45,000

-

-

-

-

Payment under revolving credit facility

-

14,000

-

-

-

-

-

-

-

-

-

Proceeds from revolving credit facility

-

14,000

-

-

-

-

-

-

-

-

-

Principal payment of long-term debt

-

-

150,000

-

10,000

45,000

3,450

250

200

-

-

Purchase of noncontrolling ownership interests in Satcom International Group plc

-

-

-

-

-

-

-

199

-

-

-

Repayment of Satcom notes payable

-

-

-

-

-

-

-

253

-

-

-

Principal payments of capital leases

-

-

-

-

-

163

203

507

-

-

-

Payment of deferred purchase consideration

-

-

347

342

1,106

25

-

-

-

-

-

Payment upon exercise of SARs

-

-

-

-

-

-

-

-

24

-

-

Net cash provided by financing activities

-8,368

29,161

110,295

3

-1,804

216,059

41,785

-1,209

-224

-768

-

Effect of exchange rate changes on cash and cash equivalents

-157

-131

474

91

-175

-482

-378

-708

190

510

-182

Net increase in cash and cash equivalents

492

18,936

9,807

-2,054

-64,488

23,211

33,571

-278

18,035

-48,266

-10,078

Supplemental disclosures of cash flow information:
Cash paid for:
Interest

20,000

20,036

12,911

8,787

9,005

3,324

4,262

242

138

-

-

Income taxes

4,810

5,532

805

-94

723

692

1,404

1,205

25

-

-

Supplemental schedule of noncash investing and financing activities: