Purple innovation, inc. (PRPL)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15
Cash flows from operating activities:
Net income (loss)

20,001

-12,729

8,411

-7,341

-720

-5,415

-4,364

-5,558

-4,277

-4,564

-5,906

3,631

-1,980

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,099

-134

-56

-38

-154

-149

Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization

1,778

1,816

918

852

722

661

533

545

456

276

223

167

75

-

-

-

-

-

-

Non-cash interest

1,375

874

874

833

732

742

676

938

154

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

0

0

0

-6,299

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on change in fair value - warrant liabilities

-13,633

13,386

1,384

3,685

-1,697

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax receivable agreement expense

122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

250

323

2,934

6,733

73

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs and discounts

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable

-5,422

2,005

1,842

5,156

9,448

1,757

1,246

3,327

-271

1,281

750

-919

743

-

-

-

-

-

-

Decrease (increase) in inventories

-5,516

12,810

9,761

-284

2,401

-5,740

-2,659

4,760

13,234

4,633

-2,963

2,310

4,030

-

-

-

-

-

-

Increase in prepaid inventory and other assets

2,399

-378

1,704

548

683

179

-1,288

329

1,300

-1,206

619

-886

2,311

-

-

-

-

-

-

Increase (decrease) in accounts payable

-13,217

14,030

6,492

3,431

1,179

4,350

639

29

-1,235

2,024

6,365

370

5,088

-

-

-

-

-

-

Decrease in accrued sales returns

-534

-

-707

812

-268

-

-123

1,024

-219

599

78

1,258

836

-

-

-

-

-

-

Increase (decrease) in accrued compensation

-801

2,433

761

1,606

463

538

-151

557

-350

483

-770

94

480

-

-

-

-

-

-

Decrease in customer prepayments

-2,720

-1,434

2,618

739

-3,187

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in customer prepayments

-

-

-

-

-

-

-

-

4,026

1,044

907

-6,620

3,728

-

-

-

-

-

-

Increase (decrease) in other accrued liabilities

-1,421

331

3,317

4,509

646

613

-369

-851

133

1,081

1,407

3,783

1,529

-

-

-

-

-

-

Decrease in prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-31

-33

-45

19

-12

143

Increase (decrease) in accounts payable, accrued liabilities and accrued taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

1,723

55

-104

2

104

95

Trust income retained in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

63

84

3

100

43

0

Net cash used in operating activities

-261

7,071

13,695

10,439

-8,290

5,743

208

-12,033

-15,575

-3,758

3,898

2,188

2,672

-

-

-118

-155

-81

-197

Cash flows from investing activities:
Purchase of property and equipment

4,520

4,802

2,521

2,204

932

1,447

2,910

4,323

2,645

2,262

1,332

1,372

2,613

-

-

-

-

-

-

Investment in intangible assets

2,328

74

125

57

64

154

56

49

68

982

167

0

0

-

-

-

-

-

-

Cash deposited in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

155,250

Net cash used in investing activities

-6,848

-4,876

-2,646

-2,261

-996

-1,601

-2,966

-4,372

-2,713

-3,244

-1,499

-1,372

-2,613

-

-

-

-

-

-

Cash flows from financing activities:
Proceeds from the Business Combination

-

-

-

-

-

432

0

0

25,912

-

0

0

0

-

-

-

-

0

25

Proceeds from related-party debt

-

0

0

0

10,000

0

0

0

24,000

-

-

-

-

0

0

0

0

0

225

Proceeds from exercise of warrants

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from draw on line of credit

-

-

-

-

-

-

-

-

-

8,000

0

0

0

-

-

-

-

-

-

Payments to line of credit

-

-

-

-

-

0

0

0

8,000

-

0

0

0

-

-

-

-

-

-

Payments for debt issuance costs

-

0

0

0

758

0

0

0

367

46

0

0

0

-

-

-

-

-

-

Proceeds from sale of Public Offering Units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

155,250

Proceeds from sale of Private Placement Warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,408

Payment of underwriting discounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,658

Payment of offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

449

Payments on related-party notes payable

-

-

-

-

-

-

-

-

-

0

0

0

300

-

-

-

-

-

-

Principal payments on capital lease obligations

-3

-10

-11

-8

-6

-7

-8

-7

-7

-

-

-

-

-

-

-

-

-

-

Principal payments on capital lease obligations

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

Payment of notes payable and advances - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-225

Net cash provided by financing activities

9

-10

-11

-105

9,236

425

-8

-7

41,538

7,440

-1,403

-2,429

-300

-

-

-

-

0

156,576

Net decrease in cash

-7,100

2,185

11,038

8,073

-50

4,567

-2,766

-16,412

23,250

438

996

-1,613

-241

-408

-130

-118

-155

-81

1,129

Supplemental disclosures of cash flow information:
Cash paid during the period for interest

14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment acquired under build-to-suit service agreement

-

-

-

-

-

-

0

735

553

-

-

-

-

-

-

-

-

-

-

Assignment of founder shares and sponsor warrants

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

Equipment acquired under build-to-suit service agreement

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

Cash paid during the period for income taxes

63

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental schedule of non-cash investing and financing activities:
Property and equipment included in accounts payable

883

588

-327

44

438

35

355

-22

95

38

280

137

94

-

-

-

-

-

-

Non-cash leasehold improvements

615

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued distributions

-196

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax Receivable Agreement liability

221

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assignment of founder shares and sponsor warrants

-

-

-

-

-

0

0

0

4,691

-

-

-

-

-

-

-

-

-

-

Non-cash leasehold improvements

615

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

Deferred underwriter compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,658