Purple innovation, inc. (PRPL)
CashFlow / TTM
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)

8,342

-12,379

-5,065

-17,840

-16,057

-19,614

-18,763

-20,305

-11,116

-8,819

0

0

0

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,327

-382

-397

0

0

0

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

5,364

4,308

3,153

2,768

2,461

2,195

1,810

1,500

1,122

741

0

0

0

-

-

-

-

-

-

Non-cash interest

3,956

3,313

3,181

2,983

3,088

2,510

0

0

0

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-6,299

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on change in fair value - warrant liabilities

4,822

16,758

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax receivable agreement expense

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

10,240

10,063

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs and discounts

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

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

3,581

18,451

18,203

17,607

15,778

6,059

5,583

5,087

841

1,855

0

0

0

-

-

-

-

-

-

Decrease (increase) in inventories

16,771

24,688

6,138

-6,282

-1,238

9,595

19,968

19,664

17,214

8,010

0

0

0

-

-

-

-

-

-

Increase in prepaid inventory and other assets

4,273

2,557

3,114

122

-97

520

-865

1,042

-173

838

0

0

0

-

-

-

-

-

-

Increase (decrease) in accounts payable

10,736

25,132

15,452

9,599

6,197

3,783

1,457

7,183

7,524

13,847

0

0

0

-

-

-

-

-

-

Decrease in accrued sales returns

0

-

0

0

0

-

1,281

1,482

1,716

2,771

0

0

0

-

-

-

-

-

-

Increase (decrease) in accrued compensation

3,999

5,263

3,368

2,456

1,407

594

539

-80

-543

287

0

0

0

-

-

-

-

-

-

Decrease in customer prepayments

-797

-1,264

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in customer prepayments

-

-

-

-

-

-

-

-

-643

-941

0

0

0

-

-

-

-

-

-

Increase (decrease) in other accrued liabilities

6,736

8,803

9,085

5,399

39

-474

-6

1,770

6,404

7,800

0

0

0

-

-

-

-

-

-

Decrease in prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-90

-71

105

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

1,676

57

97

0

0

0

Trust income retained in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

250

230

146

0

0

0

Net cash used in operating activities

30,944

22,915

21,587

8,100

-14,372

-21,657

-31,158

-27,468

-13,247

5,000

0

0

0

-

-

-551

0

0

0

Cash flows from investing activities:
Purchase of property and equipment

14,047

10,459

7,104

7,493

9,612

11,325

12,140

10,562

7,611

7,579

0

0

0

-

-

-

-

-

-

Investment in intangible assets

2,584

320

400

331

323

327

1,155

1,266

1,217

1,149

0

0

0

-

-

-

-

-

-

Cash deposited in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net cash used in investing activities

-16,631

-10,779

-7,504

-7,824

-9,935

-11,652

-13,295

-11,828

-8,828

-8,728

0

0

0

-

-

-

-

-

-

Cash flows from financing activities:
Proceeds from the Business Combination

-

-

-

-

-

26,344

0

0

0

-

0

0

0

-

-

-

-

0

0

Proceeds from related-party debt

-

10,000

10,000

10,000

10,000

24,000

0

0

0

-

-

-

-

0

0

225

0

0

0

Proceeds from exercise of warrants

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from draw on line of credit

-

-

-

-

-

-

-

-

-

8,000

0

0

0

-

-

-

-

-

-

Payments to line of credit

-

-

-

-

-

8,000

0

0

0

-

0

0

0

-

-

-

-

-

-

Payments for debt issuance costs

-

758

758

758

758

367

413

413

413

46

0

0

0

-

-

-

-

-

-

Proceeds from sale of Public Offering Units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from sale of Private Placement Warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Payment of underwriting discounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Payment of offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Payments on related-party notes payable

-

-

-

-

-

-

-

-

-

300

0

0

0

-

-

-

-

-

-

Principal payments on capital lease obligations

-32

-35

-32

-29

-28

-29

0

0

0

-

-

-

-

-

-

-

-

-

-

Principal payments on capital lease obligations

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

Payment of notes payable and advances - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by financing activities

-117

9,110

9,545

9,548

9,646

41,948

48,963

47,568

45,146

3,308

0

0

0

-

-

-

-

0

0

Net decrease in cash

14,196

21,246

23,628

9,824

-14,661

8,639

4,510

8,272

23,071

-420

-1,266

-2,392

-897

-811

-484

775

0

0

0

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

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment acquired under build-to-suit service agreement

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

1,188

743

190

872

806

463

466

391

550

549

0

0

0

-

-

-

-

-

-

Non-cash leasehold improvements

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued distributions

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax Receivable Agreement liability

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assignment of founder shares and sponsor warrants

-

-

-

-

-

4,691

0

0

0

-

-

-

-

-

-

-

-

-

-

Non-cash leasehold improvements

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

Deferred underwriter compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0