Rimini street, inc. (RMNI)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

2,545

-

1,739

5,617

10,294

-

-48,368

-25,446

3,507

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)

-

-

-

-

-

-

-

-

-

-650

-9,040

-25,859

-14,475

24,060

-35,446

-747

-802

-45,209

-51

1

-9

Adjustments to reconcile net income to net cash provided by operating activities:
Accretion and amortization of debt discount and issuance costs

0

-

-

-

128

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion and amortization of debt discount and issuance costs

-

-

-

-

-

-

-

5,684

5,968

-

6,456

6,802

6,145

-

-

-

-

-

-

-

-

Write-off of debt discount and issuance costs

-

-

-

-

-

0

47,367

0

7,169

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of Debt Issuance Costs and Discounts

-

-

-

-

-

-

-

-

-

-

193

9,668

0

-

-

-

-

-

-

-

-

Gain from change in fair value of embedded derivatives

-

-

-

-

-

0

7,800

-6,700

500

8,200

1,400

-700

-5,100

-

-

-

-

-

-

-

-

Interest earned on marketable securities held in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

177

161

-

29

35

0

Loss from change in fair value of redeemable warrants

-

-

-

-

-

-

-

-

-

-

-

-

-602

-

-

-103

103

-

-

-

0

Paid-in-kind interest expense

-

-

-

-

-

0

162

793

931

928

582

648

808

-

-

-

-

-

-

-

-

Stock-based compensation expense

1,510

1,703

1,621

1,053

1,155

1,251

1,178

1,098

867

1,047

1,202

353

361

-

-

-

-

-

-

-

-

Depreciation and amortization

449

451

496

472

494

439

449

466

484

496

505

496

476

-

-

-

-

-

-

-

-

Deferred income taxes

64

-322

59

-48

-26

20

-6

-243

-6

-92

-1

-11

-20

-

-

-

-

-

-

-

-

Amortization and accretion related to ROU assets

-1,499

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

0

3

0

0

-141

704

0

-704

0

-

-

-

-30

-

-

-

-

-

-

-

-

Make-whole applicable premium included in interest expense

-

-

-

-

-

0

7,307

0

3,103

0

0

4,607

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

180

75

-

-6

21

0

Accounts receivable

-35,353

49,768

-9,322

7,790

-17,015

38,242

-20,555

-7,060

7,409

30,093

-3,310

-3,533

-14,902

-

-

-

-

-

-

-

-

Receivable from insurance settlement

-

-

-

-

-

-

-

-

-

-

-

-

19,317

-

-

-

-

-

-

-

-

Prepaid expenses, deposits and other

-1,141

5,187

-534

-9,520

14,111

-1,703

548

872

-272

1,603

-508

2,426

-162

-

-

-

-

-

-

-

-

Deferred contract costs

423

-

-

-

-580

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

3,963

-291

-858

536

-9,900

3,634

-1,496

3,742

-3,005

909

4,000

-861

-2,848

-

-

-

-

-

-

-

-

Accrued compensation, benefits, commissions and other liabilities

-9,012

6,473

1,639

-736

886

-1,608

-4,325

3,055

1,337

5,076

3,806

1,663

-4,922

4,195

5,642

-125

1,047

8,600

10

2

8

Deferred insurance settlement

-

-

-

-

-

0

0

0

-8,033

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-10,753

47,434

-18,552

10,324

-96

34,771

-25,565

5,765

14,000

-

-

-

-

-

-

-

-

-

-

-

-

Deferred insurance settlement

-

-

-

-

-

0

0

0

-8,033

-5,197

-2,962

-3,125

19,317

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-17,495

5,201

273

-

-

-

-

-

-

-

-

Net cash provided by operating activities

26,336

-599

-4,000

18,425

6,560

4,831

-9,640

8,506

18,685

-1,600

-4,353

28,522

6,594

-

-

-

-

-

-

-

-

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,127

-95

-

-64

-52

-1

CASH FLOWS USED IN INVESTING ACTIVITIES:
Capital expenditures

524

518

713

260

381

163

397

172

321

318

171

802

101

-

-

-

-

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES:
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from issuance of Series A Preferred Stock and Common Stock

0

0

0

3,325

5,785

0

133,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on borrowings

0

0

0

1,278

1,277

425

119,450

22,932

3,000

-

-

28,315

1,500

-

-

-

-

-

-

-

-

Payments for deferred offering and financing costs

0

-

0

158

294

-

7,960

730

951

-

911

125

0

-

-

-

-

-525

0

499

26

Payments of cash dividends on Series A Preferred Stock

3,931

3,859

3,756

3,561

3,566

2,845

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on capital leases

56

55

97

84

197

85

160

205

137

128

199

235

214

-

-

-

-

-

-

-

-

Proceeds from exercise of employee stock options

304

460

906

1,187

782

685

618

578

153

475

222

111

64

-

-

-

-

-

-

-

-

Proceeds from issuance of ordinary shares to initial shareholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

25

Proceeds from related party advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

Proceeds from related party promissory notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

388

0

-

0

0

100

Net cash provided by (used in) financing activities

-3,683

-3,454

-2,947

-569

1,233

-3,188

-1,259

-26,392

-3,935

26,397

-8,066

-33,171

-1,650

-

-

-

-

-

-

-

-

Effect of foreign currency translation changes

-2,552

798

-462

-12

81

-196

-269

-945

34

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash, cash equivalents and restricted cash

19,577

-3,773

-8,122

17,584

7,493

1,284

-11,565

-19,003

14,463

-

-

-

-

-

-

-

-

-

-

-

-

Effect of foreign currency translation changes

-

-

-

-

-

-

-

-

-

-

198

83

269

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

388

0

-

0

173,564

99

Net decrease in cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

-12,392

-5,368

5,112

-

15,602

-739

-95

-2,346

-64

1,011

98

Change in value of shares subject to possible redemption

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,352

-802

-

47

1

0

Reclassification of related party advances to related party promissory notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest

16

20

27

88

95

27

8,978

6,546

3,770

3,165

2,468

7,647

3,262

-

-

-

-

-

-

-

-

Cash paid for income taxes

897

406

722

409

647

393

599

332

441

316

588

313

513

-

-

-

-

-

-

-

-

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Transaction costs

0

0

0

0

390

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrued cash dividends

3,910

30

112

154

3,593

676

2,845

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrued PIK dividends

1,173

7

25

46

1,078

210

846

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of discount on Series A Preferred Stock

1,547

1,529

1,511

1,449

1,359

1,362

1,011

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of Series A Preferred Stock for PIK dividends

1,070

1,149

1,115

1,059

1,062

846

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Adjustment for updated calculation of mandatory trigger event exit fees

-

-

-

-

-

0

0

2,472

1,480

3,639

1,313

2,501

1,961

-

-

-

-

-

-

-

-

Purchase of equipment under capital lease obligations

0

0

-7

7

206

227

0

0

126

214

0

0

0

-

-

-

-

-

-

-

-

Stock Issued, Noncash Transactions

-

-

-

-

134

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

-

-

-

-

-

-

-

-

-

-20

13

13

59

-

-

-

-

-

-

-

-

Offering costs included in accrued offering cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

232

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

70

15

Redeemable Series A Preferred Stock
Fair value of 134 shares of Common Stock issued in 2019 for no consideration regarding their respective Private Placements

0

-

0

376

722

-

20,131

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Original issuance discount on Series A Preferred Stock

0

-

0

175

325

-

7,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Common Stock
Issuance of 85 shares of Common Stock for consent regarding Private Placements

0

-

0

182

456

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-