Pfsweb inc (PFSW)
CashFlow / Quarterly
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'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss

-231

-

-1,638

-975

-1,164

-

-687

-626

-749

-

-

-

-4,856

-3,557

-1,039

-2,182

-752

-598

-3,670

-1,900

-1,693

2,104

-2,525

-2,395

-1,810

-409

-1,952

-955

-2,575

652

-370

-508

-1,285

760

-1,825

-1,218

-2,283

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization

2,285

2,425

2,675

2,552

2,715

2,670

2,740

2,979

2,978

3,803

3,531

3,658

3,907

4,171

3,803

3,800

3,603

4,186

4,081

3,309

3,255

3,026

2,881

2,878

2,890

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

-

-

-

-

-

29

44

34

37

37

36

39

37

37

36

37

36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-20

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

-

-

-

-

-

110

22

22

0

-186

71

98

-9

-12

-2

50

-32

134

37

5

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-323

20

14

-603

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,083

-1,845

-1,232

-1,680

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,437

2,688

2,408

2,414

2,502

2,190

2,142

1,769

1,537

1,543

1,495

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

25

53

7

-17

29

6

-

-152

-20

41

-3

-30

15

7

Provision for excess and obsolete inventory

-

-

-

-

-

0

15

49

59

-

-

11

20

36

-6

3

24

18

66

8

1

47

1

-8

13

25

46

31

-21

-

-

-

-

-

-

-

-

Loss on disposition of fixed assets

-

-

-

-

-

-20

0

-15

-27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for excess and obsolete inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

104

80

93

76

126

44

14

3

Deferred income taxes

183

218

-80

149

189

125

111

41

-33

-683

169

65

175

766

66

-43

34

-67

86

-11

50

-501

-379

-81

120

-18

23

26

-2

-12

-3

14

-17

-22

60

8

24

Stock-based compensation expense

545

846

852

678

651

959

1,067

1,360

646

789

783

1,237

524

368

347

630

766

1,191

1,492

1,150

804

550

853

862

794

1,379

610

282

303

311

308

366

340

347

346

399

310

Other

-20

-

-

-

-1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in performance-based contingent payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-870

-732

-1,036

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

44

43

44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-33

-1

0

-1

25

7

-26

16

56

-74

46

-170

202

-2

-98

-12

-13

-62

Accounts receivable

-7,623

21,088

-1,550

1,197

-19,841

20,361

-510

4,154

-22,480

14,625

-5,495

14

-19,739

16,582

4,279

-431

-11,499

18,709

2,530

-8,506

-7,101

14,921

2,890

-5,985

-9,083

17,360

-417

-2,743

-4,927

7,491

-1,496

-2,340

-10,970

14,128

2,359

-4,241

-746

Inventories

-1,269

-781

-2,474

2,417

-1,973

855

-424

-931

1,390

197

-2,588

-308

1,433

-472

-901

-371

-834

620

-1,581

459

-568

-3,921

914

2,372

-2,772

-3,149

-602

-2,873

-3,832

-829

-1,790

-2,253

-778

-10,448

4,514

6,090

-3,550

Prepaid expenses, other receivables and other assets

1,673

-345

-3,163

-4,699

34

2,534

-2,635

-901

-292

1,716

-356

-1,617

-1,779

4,419

24

-3,119

-1,748

5,407

-729

-2,214

-1,640

3,466

-1,439

117

382

-2,346

782

-857

-77

-727

481

-1,882

-2,292

1,407

-828

-441

-1,127

Deferred rent

-

-

-

-

-

-

-

-

-

201

-109

-240

162

19

15

-1,056

135

121

139

134

148

166

146

-172

47

-

-

-

-

-

-

-

-

-

-

-

-

Operating leases

367

-

-

-

-13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-63

-132

-149

-147

114

-139

5,445

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17

Trade accounts payable, deferred revenues, accrued expenses and other liabilities

-9,374

20,770

-2,161

-5,835

-17,818

18,216

901

-4,852

-18,335

18,605

-14,935

-1,150

-19,812

31,513

-4,400

4,953

-24,965

34,716

18

-2,237

-16,070

12,633

7,036

-2,948

-10,485

11,567

1,306

-5,966

-10,543

11,539

-1,865

-9,271

-3,667

-4,168

8,391

3,793

-9,162

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-91

15,631

-5,482

11,493

-8,376

14,382

2,178

10,527

-4,416

3,413

5,398

1,976

2,994

3,460

2,611

2,420

-1,663

-

-

-

-

-4,898

2,560

3,153

-3,535

Net cash provided by discontinued operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-277

898

-57

1,311

Net cash provided by operating activities

280

-1,183

7,154

-1,479

6,367

1,071

7,782

-3,300

6,012

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,881

3,589

-1,002

17,117

-5,175

3,458

3,096

-2,224

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment

954

748

1,237

1,016

911

928

2,067

1,014

927

687

1,990

1,309

666

1,181

979

5,186

1,367

1,021

1,522

676

1,270

1,116

1,404

1,337

1,588

2,726

2,083

1,558

1,604

3,664

1,677

1,811

7,560

536

2,998

2,656

1,360

Proceeds from sale of property and equipment

142

159

0

0

0

-5

0

5

54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-666

-1,220

-979

-13,506

-1,367

-1,021

-32,263

-1,554

-1,270

-2,266

-6,620

-1,337

-1,588

-2,726

-2,083

-1,558

-1,604

-

-

-

-

-

-

-

-

Proceeds from sale of eCOST subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,327

Net cash used in investing activities

-812

-589

-1,237

-1,016

-911

-933

-2,067

-1,009

-873

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,664

-1,677

-1,811

-7,560

-536

-2,998

-2,656

967

CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from issuance of common stock

0

0

0

12

2

0

0

291

59

-107

475

400

2

130

36

295

742

155

139

672

517

613

230

160

628

1,481

141

14,293

19

-

-

-

-

0

441

1,511

63

Taxes paid on behalf of employees for withheld shares

73

0

0

304

0

0

0

76

287

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

4

0

5

51

-51

322

-115

227

-320

67

-75

-32

311

7

-39

-153

234

87

-315

614

-457

787

-333

844

Payments on performance-based contingent payments

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

9,366

88

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on finance lease obligations

319

-

401

434

495

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on finance lease obligations

-

-

-

-

-

536

610

828

531

639

747

786

892

771

795

684

731

730

606

500

581

654

641

603

635

689

692

672

627

617

771

361

376

317

305

257

231

Payments on term loan

-

-

-

-

-

24,750

750

750

750

750

563

562

563

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from (payments on) debt, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,094

-5,485

3,273

-

-1,289

-634

28

-

-

-

2,486

-3,155

-600

2,537

-9,364

4,737

-665

-1,348

811

Borrowings (payments) on term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,000

10,800

1,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on revolving loan

34,526

40,628

36,063

29,212

42,428

39,396

28,164

27,050

32,133

29,673

18,293

21,534

28,346

25,365

23,093

20,948

14,147

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings on revolving loan

37,594

41,737

37,287

28,354

35,653

62,396

26,665

31,850

28,099

27,140

17,230

23,598

22,021

22,374

19,067

27,001

15,838

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on other debt

482

-248

2,941

325

256

-776

1,838

-1,711

2,205

895

-166

-99

589

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings on other debt

755

0

-1,671

1,160

1,616

0

-309

309

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,192

145

-235

733

-433

37

37

-1,108

-687

-839

-45

-60

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

2,949

1,043

-3,789

-749

-5,908

626

-5,006

2,189

-7,748

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,542

-1,308

1,897

-9,126

3,963

258

-427

1,487

EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH

-348

-341

-429

377

-288

390

-73

-904

177

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-8,367

-4,493

5,323

3,304

2,865

-4,147

27,327

-8,059

3,436

-1,833

-1,633

-1,152

-11

147

-1,005

2,789

1,725

-

-

-

-

-

-

-

-

EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH

-

-

-

-

-

-

-

-

-

-

-

-

339

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

2,069

-1,070

1,699

-2,867

-740

1,154

636

-3,024

-2,432

6,309

-6,363

3,492

-8,785

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132

36

-133

158

82

-142

39

-95

-139

116

170

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

8,726

-993

1,056

-6,145

8,781

-2,721

951

-3,358

-1,373

-3,694

-558

1,335

1,125

-345

3,687

-1,675

1,833

686

-1,058

470

-1,843

579

129

400

SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for income taxes

352

184

123

502

101

1,511

157

816

157

1,126

161

797

47

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

432

466

443

420

588

555

602

589

491

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

561

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing and financing activities:
Property and equipment acquired under long-term debt and finance leases

370

599

1,959

398

0

1,431

126

139

894

104

-802

303

769

2,903

2,236

833

821

946

2,066

1,122

515

1,303

3,072

449

520

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment acquired under long-term debt and capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

267

664

407

1,081

632

3,359

2,238

3,192

924

207

478