Comscore, inc. (SCOR)
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
Operating activities:
Net loss

-13,184

-21,390

-10,559

-279,533

-27,514

-27,204

-24,637

-55,977

-51,450

-71,906

-130,069

-38,626

-40,792

-31,890

-31,196

-40,984

-13,103

-67,071

961

-4,787

-7,325

-2,660

-3,261

-3,200

-782

170

-82

-398

-2,023

-1,613

-3,118

-6,587

-471

-3,289

-3,938

-8,229

-334

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation

3,384

3,353

3,336

3,005

3,106

4,326

4,135

4,276

4,563

5,071

6,233

5,867

6,129

6,152

6,266

6,552

6,469

6,835

5,412

5,338

5,010

4,798

4,622

4,380

4,183

4,657

3,964

4,045

4,111

3,690

3,547

3,502

3,420

3,544

3,417

3,290

3,101

Non-cash operating lease expense

1,369

1,382

1,240

1,320

1,427

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance Lease, Right-of-Use Asset, Amortization

390

439

613

787

574

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of Intangible Assets

6,918

6,900

7,000

8,095

8,105

8,200

7,900

8,256

8,544

9,131

8,491

8,443

8,735

8,747

8,886

8,238

6,025

-1,296

4,220

4,305

1,379

1,444

1,912

1,919

1,955

1,914

1,956

1,936

2,151

2,282

2,385

2,302

2,320

2,415

2,458

2,434

1,994

Impairment of intangible asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for bad debts

-

-

-

-

-

-

-

-

-

-

-

-

-

405

705

236

161

1,097

743

342

985

353

252

1,471

500

652

14

182

400

278

273

657

221

104

47

-226

295

Stock-based compensation

2,658

2,425

3,142

4,038

6,953

6,428

6,311

22,999

1,881

1,948

8,722

2,824

3,820

2,488

4,907

8,234

30,866

7,966

8,645

8,617

21,755

15,531

10,159

9,060

7,223

7,647

7,243

7,146

4,999

7,303

6,164

6,339

5,090

4,819

5,410

5,507

5,524

Deferred tax provision

42

251

32

-4,424

441

-828

351

1,571

906

-6,987

1,979

929

879

610

721

60

-5,388

46

-614

-68

515

-6,951

-4,681

-1,177

-255

-513

192

914

1,788

-755

-6,604

7,322

933

-994

-1,878

-295

-1,189

Gain (Loss) on Disposition of Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

33,457

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized Gain (Loss) on Derivatives and Commodity Contracts

2,387

2,200

1,800

-3,000

4,100

-4,085

-5,681

-2,280

-2,180

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair Value Adjustment of Warrants

-4,651

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset Impairment Charges

4,700

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of equity securities

0

0

-308

-304

-1,712

1,136

42

714

-449

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-515

-474

-446

-440

-449

-270

-255

-218

-183

-165

226

391

355

152

36

-175

-165

-219

-263

Accretion of debt discount

1,769

1,635

1,565

1,723

1,319

1,485

1,349

1,226

752

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of Debt Issuance Costs

348

283

270

273

252

252

258

238

207

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized loss on marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-93

-90

-47

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on asset disposition of property plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

-41

-4

5,228

0

-5,226

0

78

-208

35

20

39

6

12

210

-164

-9

64

-31

-17

0

0

-8

Other

-492

659

-677

-118

138

-8

-50

-579

69

454

-457

617

-806

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-2,820

12,213

-10,509

8,064

-12,506

14,773

-8,842

457

-11,095

8,202

-11,007

-3,453

-8,271

19,275

-11,646

1,459

-13,097

15,299

-797

-3,928

-12,116

22,789

-4,884

907

-2,107

24,145

4,594

-4,272

-1,907

16,476

-5,033

-7,896

1,389

14,402

-2,801

5,439

-6,856

Prepaid expenses and other assets

1,022

-83

1,075

-1,372

-1,818

7,958

-8,757

4,658

597

-38,660

18,900

761

14,932

-822

1,305

1,930

1,515

-10,949

3,853

4,786

3,173

-11,647

2,572

9,659

2,505

1,334

578

-1,184

-16

-2,312

-7,332

7,656

523

892

-108

-2,279

3,015

Accounts payable, accrued expenses and other liabilities

-9,522

3,525

-13,263

22,720

-2,544

17,494

-4,311

1,623

-19,761

34,787

29,812

595

19,807

11,633

-10,712

-7,560

-6,333

-5,589

171

180

4,181

11,528

-6,206

-7,903

-2,378

-1,889

-859

-4,346

1,422

-999

2,504

1,247

5,088

-5,207

1,035

-5,431

-1,787

Contract liability and customer advances

2,893

8,271

-5,196

-4,052

-2,500

-1,482

-14,210

-10,823

-3,498

-

-

-

5,325

13,500

-10,393

-1,298

4,153

17,513

-8,296

-5,151

1,140

15,370

-10,542

-520

4,810

14,367

-7,002

-5,526

5,525

11,882

-4,026

-3,042

6,754

6,462

-7,947

-483

358

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

128

-346

-308

133

-977

0

-338

-88

0

0

0

-36

-715

-47

-638

-952

-1,287

-25

0

0

0

0

-521

1

Operating lease liabilities

-1,769

-1,604

-1,670

-1,371

-2,993

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-4,781

-1,512

7,580

-9,128

-1,576

1,364

430

-29,571

-44,798

-28,704

-5,443

-20,306

-1,952

-6,261

-20,741

-30,088

1,178

11,517

7,329

12,648

27,863

7,477

13,680

8,965

19,375

5,762

1,830

18,562

18,420

11,744

8,871

12,923

11,334

7,991

-933

4,571

15,121

Investing activities:
Proceeds from sale of investment in equity securities

0

-

3,095

0

705

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash received from disposition of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

42,980

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from asset disposition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

160

-

-

-

-

-

-

-

-

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-37,086

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Sales of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

45

-74

917

57

1,836

2,023

896

562

725

2,586

3,575

1,022

2,999

2,160

242

2,142

2,562

1,107

735

1,081

1,402

1,087

1,871

2,818

1,873

1,037

1,245

760

1,555

2,630

1,933

2,420

607

1,336

1,677

2,644

1,578

Capitalized internal-use software costs

3,872

2,700

3,181

2,510

3,109

2,161

2,219

3,296

1,932

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-3,917

-2,626

-1,027

-2,567

-4,240

-4,184

-3,115

-3,858

-2,657

10,850

11,425

-1,022

-2,999

-2,160

-242

-29,470

79,692

-1,107

-1,235

-13,233

-1,402

-940

-5,914

-2,818

-1,873

-1,037

-1,245

-760

-1,395

-2,630

-1,933

-2,420

-607

-1,811

-2,939

-3,478

-1,578

Financing activities:
Proceeds from borrowings on senior secured convertible notes (related party)

-

-

-

-

-

0

0

15,000

85,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

14

9

808

4,315

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing proceeds received on subscription receivable (related party)

-

-

-

-

-

1,681

3,322

1,611

3,065

2,001

3,189

4,563

1,259

4,529

890

3,505

30

-

-

-

-

-

-

-

-

33

11

-23

3,964

0

4,131

0

0

-

-

-

-

Proceeds from the exercise of stock options

0

0

0

0

1,191

0

2,691

164

0

-

-

-

-

0

0

0

4,139

2

2

9,256

2,363

27

61

5

15

38

98

52

39

16

146

7

69

28

72

81

190

Payments for taxes related to net share settlement of equity awards

65

40

17

72

1,138

600

388

176

4,099

0

252

0

1,262

0

195

0

18,097

1,255

2,616

2,629

21,660

1,254

2,326

2,551

9,581

669

1,595

366

6,682

-

-

-

5,413

211

1,100

709

5,372

Principal payments on finance leases

407

455

663

723

694

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on software license arrangements

77

-

-

-

823

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on capital lease and software license arrangements

-

-

-

-

-

1,746

1,901

2,500

2,859

4,317

4,091

4,109

4,499

4,421

4,966

4,636

4,815

4,728

3,261

4,840

3,793

3,375

3,133

2,866

2,707

2,885

2,703

2,413

2,211

1,899

1,824

1,671

1,618

1,511

1,226

1,490

1,163

Repurchase of common stock (treasury shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

27,292

0

45,948

56,212

3,756

285

594

14,794

21,498

12,613

0

496

0

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,335

0

0

0

3,528

1,048

916

265

0

0

0

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

-549

12,065

-1,140

22,512

-1,464

-679

3,715

13,291

76,792

-2,316

-1,154

454

-4,502

108

-4,271

-1,131

-46,035

-4,825

-51,823

146,960

-26,846

-1,359

-4,944

-19,290

-33,506

-16,129

-6,649

-5,217

-4,890

-6,349

1,307

-2,281

-6,962

-1,517

-2,254

-2,187

-6,345

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-927

356

-749

166

-75

-517

-4

-1,504

368

1,858

574

1,742

-1,721

-838

2,085

-1,193

722

-428

-359

688

-1,776

-1,773

-2,214

352

2

-595

88

-553

-161

-148

606

-337

575

6

-417

-41

146

Net decrease in cash, cash equivalents and restricted cash

-10,174

8,283

4,664

10,983

-7,355

-4,016

1,026

-21,642

29,705

-18,312

5,402

-19,132

-11,174

-9,151

-23,169

-61,882

35,557

5,157

-46,088

147,063

-2,161

3,405

608

-12,791

-16,002

-11,999

-5,976

12,032

11,974

2,617

8,851

7,885

4,340

4,669

-6,543

-1,135

7,344

Supplemental cash flow disclosures:
Interest paid ($6,120 and $3,046 attributable to related party, respectively)

6,795

256

412

232

3,181

3,067

2,783

2,021

265

247

962

0

482

-

-

-

-

722

400

396

388

369

345

283

315

264

215

60

217

199

190

173

213

165

217

150

169

Income taxes paid (received), net of refunds

338

314

504

721

-348

594

182

447

37

18

73

0

406

-

-

-

-

223

211

719

637

1,194

743

40

172

220

408

569

135

443

152

104

298

476

306

746

499

Supplemental disclosures of non-cash activities:
Assets acquired through finance leases and software obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,010

3,810

8,072

4,639

4,309

3,411

5,356

2,128

7,765

3,302

5,438

2,876

3,394

2,701

1,536

913

-

-

-

-

Leasehold improvements acquired through lease incentives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

396

-

-

0

0

635

47

640

950

1,282

0

0

0

-

-

-

-

Change in accounts payable and accrued expenses related to capital expenditures

423

-495

-679

460

1,170

255

637

7

250

-

-

-

255

-

-

-

-

-1,848

2,308

-4,137

4,209

286

718

-454

1,309

-4,822

5,252

-33

1,054

-962

1,892

0

0

-

-

-

-

Repurchase of Common Stock in exchange for senior secured convertible notes

-

-

-

-

-

0

0

30,451

63,570

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common Stock warrants issued with senior secured convertible notes

-

-

-

-

-

0

0

0

5,733

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of financing derivatives issued with senior secured convertible notes

-

-

-

-

-

215

219

4,200

12,940

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of restricted stock unit liability

0

0

0

1

4,610

5,520

10,298

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-