STANDARD DIVERSIFIED INC. SDI Cash Flow

Standard diversified inc. (SDI)

CashFlow / TTM

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
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from discontinued operations
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
-	-	-	-	-	14,817	17,941	18,975	17,261	17,138	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,099	-901	-990	-1,233	1,639	-17	-1,271	7,294	3,652	3,945	4,342	-1,973	-1,636	-837	-298	0	0	0
Less: income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	580	9,051	2,908	4,833	6,280	-3,267	1,735	1,514	1,593	0	0	0
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,851	-1,757	744	-888	-1,938	1,294	-3,371	-2,351	-1,891	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on extinguishment of debt
-	-	-	-	-	-2,384	-2,384	-2,384	-2,384	-6,116	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of property, plant and equipment
16	-7	12	-22	-23	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of Insurance segment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation expense
4,357	4,021	3,751	3,535	3,417	3,355	2,939	2,542	2,056	1,642	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs and debt discount
6,832	4,870	1,875	1,512	1,537	1,507	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of original issue discount
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of other intangible assets
1,816	1,749	1,830	1,683	1,493	1,281	930	823	746	702	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of bond discount/premium
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserve of note receivable
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-4,065	-4,639	-665	593	1,743	2,565	6,140	6,253	8,538	5,181	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Impairment loss on goodwill and other intangible assets
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Stock-based compensation expense
4,327	4,340	3,578	2,874	2,413	2,152	1,925	1,716	1,309	969	665	429	225	180	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Noncash lease expense resulting from the change in right-of-use assets of operating leases.
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash lease expense resulting from the change in right-of-use assets of operating leases.
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
-461	3,906	-361	566	1,818	-679	3,795	3,054	-1,553	1,068	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment income due and accrued
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Inventories
-22,454	-21,036	8,514	13,648	25,521	20,650	17,375	5,818	-4,433	-495	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Other current assets
6,288	965	2,383	4,009	-133	4,687	0	0	0	-	-	-738	34	-1,361	0	0	0	-29	-31	-44	-190	-254	-388	-4	-101	65	-131	-29	0	0	0	-	0	0	0
Other assets
-	-	-	-	-	-	-	-	-	336	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
2,695	2,992	-2,454	612	307	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Accounts payable
1,100	6,551	-987	5,428	8,435	2,752	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Accrued postretirement liabilities
-186	-168	-115	-109	6,404	-97	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities and other
6,606	-20	280	1,275	-4,241	-888	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities of continuing operations
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities of discontinued operations
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premiums receivable
-	-	-	-	-	-788	-795	-804	-745	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred policy acquisition costs
-	-	-	-	-	2,279	2,384	2,392	1,172	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities and postretirement liabilities
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-294	-334	-139	-212	-1,087	-1,583	-1,233	-1,560	-131	100	2	0	0	0	-	0	0	0
Reserves for losses and loss adjustment expenses
-	-	-	-	-	-3,341	-5,475	-4,280	-2,371	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unearned and advance premiums
-	-	-	-	-	-228	244	563	358	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Net operating activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	256	-2	-4,321	-2,805	-1,073	0	0	0	-	-	-	-
Net cash provided by operating activities
21,819	21,160	16,544	14,916	6,679	110	-1,499	18,787	31,640	24,946	26,284	23,163	6,990	9,128	0	0	0	-1,360	-1,198	-1,080	-1,319	371	-1,321	-2,826	-3,152	-4,681	-4,456	-2,980	-2,446	-2,383	-1,493	-692	0	0	0
Cash flows from investing activities:
Cash outflow from disposal of Insurance segment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions
-	-	-	-	-	16,243	16,991	2,928	-2,896	22	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
4,851	4,875	5,090	3,533	3,082	2,564	2,560	2,500	2,036	2,021	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Proceeds from sale and maturity of fixed maturity securities, available-for-sale
-	-	-	-	-	6,746	3,339	2,694	2,205	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for purchases of fixed maturity securities, available-for-sale
-	-	-	-	-	13,910	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for purchases of equity securities
-	-	-	-	-	1,593	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash, MSA escrow deposits
-28,016	-29,718	-30,706	-2,171	-991	1,241	1,738	1,931	906	-816	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities from continuing operations
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities of discontinued operations
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-569	0	0	0	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
20,837	27,136	21,123	-10,363	-34,430	-30,805	-30,417	-16,385	22,233	18,847	-35,144	-34,063	-55,064	-55,888	0	0	0	0	0	-	-	-	-	9,573	21,498	11,210	10,755	10,447	2,389	2,393	2,724	3,226	0	0	0
Cash flows from financing activities:
Payments of 2018 revolving credit facility
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Standard Outdoor promissory note
1,742	1,502	1,366	1,165	966	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of financing costs
8,187	8,019	7,899	186	7	3,286	3,286	3,297	3,270	4,783	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disgorgement of profit realized by an insider on short-swing transaction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from employee stock purchase plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	12	10	13	13	13	16	15	16	0	0	0
Restricted cash requirement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	400	400	400	400	0	0	0
Turning Point exercise of stock options
778	738	693	836	1,000	833	839	941	772	1,431	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The cash outflow associated with the redemption of stock options during the period.
0	12	12	635	635	623	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The cash outflow associated with the surrender of expiring stock options during the period.
-	-	-	-	-	-	-	-	-	1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Turning Point dividend to noncontrolling interests
1,765	1,759	2,454	2,013	1,574	1,137	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The cash outflow to reacquire common stock of a subsidiary of the company during the period.
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of SDI stock
-	-	-	-	-	6,810	5,148	1,982	1,980	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SDI repurchase of common shares
3,632	4,310	3,201	2,016	2,016	631	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share repurchase for tax withholdings on vesting of restricted stock
453	336	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net financing activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-37	0	0	0	-	-	-	-	-	-	-	-
Repayments on financing obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Net cash used in financing activities
78,020	72,688	71,866	-8,907	10,494	31,329	27,104	-3,054	-25,492	-27,623	-3,799	-260	17,692	15,734	0	0	0	-	-	-	-	-	-	-237	-246	-52	-33	-20	-8	8	79	80	0	0	0
Net decrease in cash
120,676	120,984	109,533	-4,354	-17,257	634	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-57	-53	-19	-38	33	25	-17	-2	-5	0	0	0
Net increase (decrease) in cash
-	-	-	-	-	-	-	-	-	16,170	-12,659	-11,160	-30,382	-31,026	0	0	0	-1,360	102	220	-19	11,546	8,295	6,453	18,047	6,458	6,228	7,480	-40	1	1,308	2,609	0	0	0
Supplemental schedule of cash flow information:
Cash paid during the period for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	18	24	26	30	34	38	41	46	0	0	0
Cash paid during the period for income taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	39	24	29	24	15	31	48	51	51	48	35	14	14	13	14	0	0	0
Supplemental Schedule of Noncash Financing Activities: [Abstract]
The amount of accrued expenses incurred for financing costs during the period.
0	-	0	0	0	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of SDI and Turning Point shares in acquisition
-	-	-	-	-	5,792	5,542	289	289	39	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of promissory notes in asset purchases
-	-	-	-	-	8,810	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash investing activity, purchase of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Noncash investing activity, capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
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
8,000	8,000	12,000	10,000	8,000	6,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from term loans
-	-	-	-	-	160,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
0	-	-	-	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	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
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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
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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
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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
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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
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