Quarterhill inc. (QTRH)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Business Acquisition
Business Acquisition, Acquiree
VIZIYA [Member]
IRD [Member]
iCOMS [Member]
Cash generated from (used in): Operations
Net income

10,226

11,052

10,036

9,711

-18,093

-14,520

31,797

-21,612

Non-cash items
Stock-based compensation

663

217

847

2,081

4,192

3,894

4,228

1,835

Depreciation and amortization

25,979

34,651

38,164

35,139

29,682

25,693

22,785

20,796

Foreign exchange gain

267

247

-1,339

-1,082

1,350

7,910

-

-

Equity in earnings from joint venture

390

-

-

-

-

-

-

-

Impairment of assets

-

-

1,747

-

-

-

-

-

Loss on disposal of intangibles (Note 9)

-21,916

-

-

-

-43

-

704

-80

Impairment losses on intangibles (Note 9)

4,350

-

-

-

-

-

-

-

Contingent consideration adjustment (Note 3)

-1,976

-

-

-

-

-

-

-

Extinguishment of conversion feature

-

-

-

-

-

-

66,679

-

Foreign exchange loss

-

-

-

-

-

-

-5,796

-

Foreign exchange gain

-

-

-

-

-

-

-

-1,327

Deferred financing costs

-

-

-

-

-

1,746

4,195

-

Accretion of debt discount

-

-

-

-

-

25,175

41,737

-

Discount on loan receivable

-

-

-

-

-

121

-

-

Loss (gain) on disposal of assets

9

-13

-15

-1

-80

-

-

-

Deferred income tax expense (recovery)

-6,951

3,031

2,908

6,290

-6,059

-4,583

-11,716

-

Accrued investment income

-1,772

269

229

193

156

32

-

-

Embedded derivatives

-39

-

-

-

-

-

-

-

Accrued interest (income) expense

-

-

-

-

-

-

-4,218

-

Long term portion of success fee

-

-

-

-

-

-

15,212

-

Total Non-cash items

-

-

-

-

-

45,404

52,277

2,426

Changes in non-cash working capital balances
Accounts receivable

-12,826

11,921

6,238

-9,801

10,860

-1,014

-85

1,689

Unbilled revenue

-1,850

-

-

-

-

-

-

-

Inventories

-1,399

-

-

-

-

-

-

-

Prepaid expenses and deposits

558

-314

1,113

-98

279

475

77

71

Deferred revenue

1,272

-

-

-

-

-

-

-

Payments associated with success fee obligation

-492

-3,007

-3,736

-

-

-

-

-

Payments associated with success fee obligation

-

-

-

-4,032

-3,897

-12,685

-

-

Due to related party

-

-

-

-

-

7,831

-

-6,015

Assets held for sale

-

-

-

-

-

-

-

-2,082

Accounts payable and accrued liabilities

-2,205

3,008

-208

-1,349

-2,779

-7,102

15,785

3,127

Income taxes payable

511

-

-

-

-

-

-

-

Cash generated from operations

69,955

36,842

43,532

58,629

-9,476

33,987

68,070

5,875

Financing
Proceeds on sale of common shares, net

-

-

-

-

-

-

71,992

20,673

Dividends paid (Note 14)

4,563

4,527

20,082

18,725

18,370

14,617

10,668

4,750

Bank indebtedness

1,348

-

-

-

-

-

-

-

Repayment of long-term debt

-434

-

-

-

-

-

-

-

Repayment of convertible debentures

-

-

-

-

-

233,247

-

-

Proceeds from issuance (repayment) of convertible debentures

-

-

-

-

-

-

226,749

-

Debentures repurchased under normal course issuer bid

-

-

-

-

-

-

1,535

-

Common shares repurchased under normal course issuer bid

552

4,225

329

472

7,134

15,729

2,871

-

Common shares issued for cash on the exercise of options

-

11

1,269

759

478

3,078

6,086

4,122

Common shares issued for cash from Employee Share Purchase Plan

68

72

131

171

196

231

-

-

Common shares issued for cash from Employee Share Purchase Plan

-

-

-

-

-

-

182

151

Cash used in financing

-4,133

-8,669

-19,011

-18,267

-24,830

-260,284

289,935

20,196

Investing
Dividends received from joint venture (Note 6)

176

-

-

-

-

-

-

-

Purchase of restricted short-term investments

3,500

-

-

-121

-160

93

-25,473

-

Proceeds from sale of property, plant and equipment

13

-

-

-

-

-

-

-

Loan receivable

-

-

-

-

-

1,000

-

-

Purchase of property and equipment

399

48

178

422

1,795

403

1,907

411

Repayment of patent finance obligations

19,556

5,555

18,127

8,865

-

-

-

-

Purchase of intangibles

150

9,660

37,973

34,197

10,261

25,425

19,753

9,994

Cash used in investing

-90,831

-15,263

-56,278

-43,363

-11,896

-26,921

3,813

-16,420

Foreign exchange gain on cash held in foreign currency

274

212

-1,123

-1,082

1,350

-3,722

-12,268

-1,078

Effect of change in reporting currency items

-

-

-

-

-

-

-

4,831

Net increase (decrease) in cash and cash equivalents

-24,735

13,122

-32,880

-4,083

-44,852

-256,940

349,550

13,404