STANDARD DIVERSIFIED INC. SDI Cash Flow

Standard diversified inc. (SDI)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net income from continuing operations
32	-	-	-	3,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from discontinued operations
-1,712	-	-	-	-3,983	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
-	-	-	-	-	-562	5,292	8,087	2,000	2,562	6,326	6,373	1,877	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-161	-291	-251	-296	-261	-93	-340	-539	2,611	-1,749	-1,594	8,026	-1,031	-1,456	-1,197	1,711	-694	-657	-658
Less: income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-55	3,039	-1,266	-1,138	8,416	-3,104	659	309	-1,131	1,898	438	388
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-484	-428	-483	-456	-390	2,073	-2,115	-1,506	2,842	-2,592	-1,095	-1,046
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on extinguishment of debt
-	-	-	-	-	0	0	0	-2,384	0	0	0	-6,116	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of property, plant and equipment
0	-19	34	1	-23	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of Insurance segment
-1,045	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation expense
1,166	1,128	1,042	1,021	830	858	826	903	768	442	429	417	354	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs and debt discount
2,328	3,454	663	387	366	459	300	412	336	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	304	236	294	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of original issue discount
-	-	-	-	-	-	-	-	-	-	-	0	66	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of other intangible assets
498	445	430	443	431	526	283	253	219	175	176	176	175	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of bond discount/premium
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserve of note receivable
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
545	-4,215	105	-500	-29	-241	1,363	650	793	3,334	1,476	2,935	-2,564	-	-	-	-	-	-	-	-	-	-	-	-	14	2	-	-	-	-	-	-	-	-
Impairment loss on goodwill and other intangible assets
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	252	226	-	315	306	307
Stock-based compensation expense
633	1,328	1,248	1,118	646	566	544	657	385	339	335	250	45	35	99	46	0	1	1	-	-	-	-	-	-	-	-	-	-	226	134	-	126	121	129
Noncash lease expense resulting from the change in right-of-use assets of operating leases.
77	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash lease expense resulting from the change in right-of-use assets of operating leases.
77	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
-2,690	24	30	2,175	1,677	-4,243	957	3,427	-820	231	216	-1,180	1,801	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment income due and accrued
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27	-380	-	-128	697	-509
Inventories
-1,784	-27,740	3,358	3,712	-366	1,810	8,492	15,585	-5,237	-1,465	-3,065	5,334	-1,299	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	501	80	-	79	95	-131
Other current assets
2,233	-31	-2,503	6,589	-3,090	1,387	-877	2,447	1,730	-	-	-1,740	1,420	201	-619	-968	25	-25	68	-21	-51	-27	55	-167	-115	-161	439	-264	51	-357	541	-	-275	85	569
Other assets
-	-	-	-	-	-	-	-	-	2,492	-2,228	98	-26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
130	3,136	-697	126	427	-2,310	2,369	-179	120	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	23	-	1	-10	-27
Accounts payable
3,195	5,598	-11,833	4,140	8,646	-1,940	-5,418	7,147	2,963	-	-	968	-1,597	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	92	25	-	-118	102	-26
Accrued postretirement liabilities
-27	-43	-42	-74	-9	10	-36	6,439	-6,510	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities and other
2,522	4,783	-222	-477	-4,104	5,083	773	-5,993	-751	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities of continuing operations
14,125	-	-	-	11,852	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities of discontinued operations
-2,543	-	-	-	-929	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premiums receivable
-	-	-	-	-	7	9	-59	-745	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred policy acquisition costs
-	-	-	-	-	-105	-8	1,220	1,172	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities and postretirement liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-5,210	-	-	-	-16	21	-77	69	-307	-19	118	-4	-1,182	-515	468	-331	247	-284	370	-	-229	315	587
Reserves for losses and loss adjustment expenses
-	-	-	-	-	2,134	-1,195	-1,909	-2,371	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unearned and advance premiums
-	-	-	-	-	-472	-319	205	358	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-95	334	-	-16	21	58
Net operating activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-55	2,619	-951	-1,357	-313	-1,700	565	375	-	-	-	-
Net cash provided by operating activities
11,582	14,491	-6,901	2,647	10,923	9,875	-8,529	-5,590	4,354	8,266	11,757	7,263	-2,340	9,604	8,636	-8,910	-202	-244	-395	-205	-516	-82	-277	-444	1,174	-1,774	-1,782	-770	-355	-1,549	-306	-236	-292	-659	495
Cash flows from investing activities:
Cash outflow from disposal of Insurance segment
4,939	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions
-	-	-	-	-	-748	14,353	5,556	-2,918	0	290	-268	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
877	758	2,102	1,114	901	973	545	663	383	969	485	199	368	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	628	585	-	196	362	83
Proceeds from sale and maturity of fixed maturity securities, available-for-sale
-	-	-	-	-	3,407	645	489	2,205	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for purchases of fixed maturity securities, available-for-sale
-	-	-	-	-	1,400	8,222	4,288	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for purchases of equity securities
-	-	-	-	-	840	0	753	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash, MSA escrow deposits
0	-5	-28,036	25	-1,702	-993	499	1,205	530	-496	692	180	-1,192	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities from continuing operations
-5,816	-	-	-	801	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities of discontinued operations
102	-	-	-	-216	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-54	-238	-277	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-5,714	4,973	15,987	5,591	585	-1,040	-15,499	-18,476	4,210	-652	-1,467	20,142	824	-54,643	-386	-859	0	0	0	-	-	-	-	0	10,088	-238	-277	11,925	-200	-693	-585	3,867	-196	-362	-83
Cash flows from financing activities:
Payments of 2018 revolving credit facility
0	-	-	-	12,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Standard Outdoor promissory note
1,206	136	201	199	966	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of financing costs
168	120	7,720	179	0	0	7	0	3,279	0	18	-27	4,792	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disgorgement of profit realized by an insider on short-swing transaction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	133	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from employee stock purchase plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5	2	2	3	3	5	2	3	6	4	3
Restricted cash requirement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	100	100	100	100	100	100	100
Turning Point exercise of stock options
227	99	29	423	187	54	172	587	20	60	274	418	679	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The cash outflow associated with the redemption of stock options during the period.
0	0	0	0	12	0	623	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The cash outflow associated with the surrender of expiring stock options during the period.
-	-	-	-	-	-	-	-	-	0	0	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Turning Point dividend to noncontrolling interests
443	442	441	439	437	1,137	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The cash outflow to reacquire common stock of a subsidiary of the company during the period.
2,627	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of SDI stock
-	-	-	-	-	1,662	3,166	2	1,980	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SDI repurchase of common shares
707	1,740	1,185	0	1,385	631	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share repurchase for tax withholdings on vesting of restricted stock
117	0	0	336	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net financing activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-24	-13	-	-	-	-	-	-	-	-
Repayments on financing obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	108	100	-	100	100	100
Net cash used in financing activities
-11,281	-4,339	99,940	-6,300	-16,613	-5,161	19,167	13,101	4,222	-9,386	-10,991	-9,337	2,091	14,438	-7,452	8,615	133	-	-	-	-	-	-	0	-204	-22	-11	-9	-10	-3	2	3	6	68	3
Net decrease in cash
-5,413	15,125	109,026	1,938	-5,105	3,674	-4,861	-10,965	12,786	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-9	1	-49	4	25	-18	22	-4	-17	-3	19
Net increase (decrease) in cash
-	-	-	-	-	-	-	-	-	-1,772	-701	18,068	575	-30,601	798	-1,154	-69	-244	-395	-205	-516	1,218	-277	-444	11,049	-2,033	-2,119	11,150	-540	-2,263	-867	3,630	-499	-956	434
Supplemental schedule of cash flow information:
Cash paid during the period for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	9	5	3	7	11	9	7	11	14	14
Cash paid during the period for income taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	11	5	5	18	-4	10	0	9	12	27	3	9	9	14	-18	9	8	15
Supplemental Schedule of Noncash Financing Activities: [Abstract]
The amount of accrued expenses incurred for financing costs during the period.
13	-	123	0	0	-	-43	-111	154	-	-	-	226	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of SDI and Turning Point shares in acquisition
-	-	-	-	-	250	5,292	0	250	0	39	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of promissory notes in asset purchases
-	-	-	-	-	4,810	-4,810	0	8,810	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash investing activity, purchase of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-95	145	-	-	-	-	-	-	-	-
Noncash investing activity, capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	209	45	-	-	-	-	-	-	-	-
The first lien term loan is part of the First Lien Credit Facility with Fifth Third Bank, as administrative agent, and other lenders (the "2018 First Lien Credit Facility"). The 2018 First Lien Credit Facility is part of a secured credit facility (the "2018 Credit Facility") entered into on March 7, 2018 by the Company.
Payment of term loan
2,000	2,000	2,000	2,000	2,000	6,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from term loans
-	-	-	-	-	4,000	-2,000	-2,000	160,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
In September 2018, the Company issued a note payable to IVG shareholders in connection with the acquisition of the outstanding stock of IVG.
Payment of term loan
4,240	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The second lien term loan (the "2017 Second Lien Term Loan") is part of the Second Lien Credit Facility with Prospect Capital Corporation, as administrative agent, and other lenders (the "2017 Second Lien Credit Facility"). The 2017 Second Lien Credit Facility is part of a secured credit facility (the "2017 Credit Facility") entered into on February 17, 2017 by the Company and North Atlantic Trading Company, Inc. (NATC), a wholly-owned subsidiary of the Company.
Payment of term loan
-	-	-	-	-	-	0	0	55,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The first out term loan facility (the "2017 First Out Term Loan") and the second out term loan facility (the "2017 Second Out Term Loan"), collectively the 2017 First Lien Term Loans, are part of the First Lien Credit Facility with Fifth Third Bank, as administrative agent, and other lenders (the "2017 First Lien Credit Facility"). The 2017 First Lien Credit Facility is part of a secured credit facility (the "2017 Credit Facility") entered into on February 17, 2017 by the Company and North Atlantic Trading
Payment of term loan
-	-	-	-	-	-	0	0	140,613	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Arrangement in which loan proceeds can continuously be obtained following repayments, but the total amount borrowed cannot exceed a specified maximum amount.
Proceeds from (payments of ) credit facility, net
-	-	-	-	-	-	-	0	9,114	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The revolving credit facility (the "2018 Revolving Credit Facility") is part of the First Lien Credit Facility with Fifth Third Bank, as administrative agent, and other lenders (the "2018 First Lien Credit Facility"). The 2018 First Lien Credit Facility is part of a secured credit facility (the "2018 Credit Facility") entered into on March 7, 2018 by the Company.
(Payments of) proceeds from revolving credit facility
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The revolving credit facility (the "2017 Revolving Credit Facility") is part of the First Lien Credit Facility with Fifth Third Bank, as administrative agent, and other lenders (the "2017 First Lien Credit Facility"). The 2017 First Lien Credit Facility is part of a secured credit facility (the "2017 Credit Facility") entered into on February 17, 2017 by the Company and North Atlantic Trading Company, Inc. (NATC), a wholly-owned subsidiary of the Company.
(Payments of) proceeds from revolving credit facility
-	-	-	-	-	-	-	0	-8,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The second lien term loan (the "2018 Second Lien Term Loan") is part of the Second Lien Credit Facility with Prospect Capital Corporation, as administrative agent, and other lenders (the "2018 Second Lien Credit Facility"). The 2018 Second Lien Credit Facility is part of a secured credit facility (the "2018 Credit Facility") entered into on March 7, 2018 by the Company and North Atlantic Trading Company, Inc. (NATC), a wholly-owned subsidiary of the Company.
Proceeds from term loan
-	-	-	-	-	-	0	0	40,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-