Seachange international inc (SEAC)
CashFlow / Yearly
Jan'20Jan'19Jan'18Jan'17Jan'16Jan'15Jan'14Jan'13Jan'12Jan'11Jan'10
Cash flows from operating activities:
Net loss

-8,921

-38,002

13,498

-

-

-

-

-

-

-

-

Net loss

-

-

-

-71,249

-47,697

-27,484

-3,030

-19,165

-4,014

29,468

1,323

Net income from discontinued operations

-

-

-

-

-

5

-803

-

-

-

-5,790

Net (income) loss from discontinued operations

-

-

-

-

-

-

-

-16,366

-611

-1,103

-

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

2,016

2,924

4,696

2,953

3,380

3,683

4,389

-

-

-

-

Recovery on loss contract

-

-

593

-

-

-

-

-

-

-

-

Loss on sale of fixed assets

-5,423

-

-

-

-

-

-

-

-

0

-

Provision for inventory obsolescence

-

-

-

-

-

-

-

-

-

2,474

585

Depreciation and amortization of property and equipment

-

-

-

-

-

-

-

4,671

5,435

6,188

-

Depreciation and amortization of fixed assets

-

-

-

-

-

-

-

-

-

-

7,995

(Recovery on) provision for loss contract

-

-

-

-4,118

9,162

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

3,302

4,780

5,154

4,630

6,395

6,271

5,051

3,461

Fair value of acquisition-related contingent consideration

-

-

-

-

-

-

-

-

3,312

-

-

Inventory valuation charge

-

-

-

-

-

-

-

-

-

556

-

Provision for bad debts

628

1,779

79

597

58

80

-

-

-

2

-

Loss on impairment of long-lived assets

-

-

-

23,772

21,464

-

-

-

-

-

-

Loss on impairment of goodwill and long-lived assets

-

17,015

-

-

-

-

-

-

-

-

-

Impairment of long-lived asset

-

-

-

-

-

-

-

-

1,092

1,283

-

Provision for doubtful accounts receivable

-

-

-

-

-

-

-

-

-

-

-75

Discounts earned and amortization of premiums on marketable securities

-

-

-

-

-

-

-

-

-

62

110

Equity income in earnings of affiliates

-

-

-

-

-

-

-

-

-

167

-

Equity loss (income) in earnings of affiliates

-

-

-

-

-

-

-

-

-

-

-654

Loss (gain) on sale of investment in affiliates

-

-

-

-500

-31

-

-

-

-

27,071

-

Stock-based compensation expense

1,151

2,939

2,696

2,621

3,552

3,220

2,959

5,929

2,988

2,598

3,105

Deferred income taxes

-203

-4

-14,132

14,676

-985

-372

-684

-132

6,599

-6,916

-

Realized and unrealized foreign currency transaction loss

-2,126

-3,459

-

-

-

-

-

-

-

-

-

Gain on sale of investment in affiliate and other investments, net

1,495

175

2,555

-

-

-

-

-

-

-

-

Other

-

-53

-398

-621

-108

-432

-798

-2,596

-669

-

-

Changes in operating assets and liabilities:
Change in contingent consideration related to acquisitions

-

-

-

-

-

-

-

-

-

0

-

Excess tax benefit related to stock-based compensation expense

-

-

-

-

-

-

-

-

-

4

159

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-1,210

Accounts receivable

-7,134

-513

-

-42

1,721

-3,567

-5,420

-1,676

409

-6,065

4,380

Accounts and other receivables

-

-

-5,132

-

-

-

-

-

-

-

-

Unbilled receivables

17,840

2,468

-3,968

-

-

-

-

-

-

-

-

Unbilled receivables

-

-

-

-4,694

4,359

1,993

5,251

-4,637

1,255

1,204

-654

Inventory

-924

260

-34

-806

937

-3,183

234

-2,563

852

2,407

5,711

Prepaid expenses and other current assets and other assets

-1,609

877

588

-1,378

1,097

-1,570

-6,724

5,045

4,510

-2,987

3,836

Accounts payable

-1,149

2,219

-2,499

-1,674

874

-1,619

-873

-236

-2,596

229

-3,048

Accrued expenses and other liabilities

-170

-7,087

-

-

-

-

-

-

-

-

-

Accrued expenses

-

-

3,505

-4,872

-2,712

1,650

-3,146

1,430

3,612

29

-3,232

Deferred revenue

-4,565

-3,379

-1,078

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

-

-

-926

-286

2,313

Deferred revenues

-

-

-

-2,417

-1,431

-5,699

-4,877

-6,283

-3,839

-6,361

9,240

Other

1,462

173

-386

-30

1,132

-1,289

-539

-568

-519

18

-23

Net cash provided by operating activities from discontinued operations

-

-

-

-

-

5

-803

1,387

1,672

2,620

-5,153

Net cash used in operating activities

-14,794

-21,524

12,947

-28,338

-18,662

-13,339

7,364

17,357

14,379

16,281

-

Cash flows from investing activities:
Total cash used in operating activities

-

-

-

-

-

-13,344

8,167

15,970

12,707

13,661

8,599

Purchases of property and equipment

281

364

526

683

1,397

1,873

2,315

3,972

1,512

2,960

8,806

Proceeds from sale of building and land

600

-

-

-

-

-

-

-

-

-

-

Cash paid for acquisitions, net

3,838

-

-

5,243

11,686

-

4,009

8,175

4,935

14,661

35,019

Investment in capitalized software

-

-

-

-

2,440

-

-

-

-

-

-

Purchases of marketable securities

790

8,510

7,246

2,008

9,033

9,193

11,479

15,642

19,944

8,382

-

Proceeds from sales and maturities of marketable securities

6,576

6,652

8,992

4,005

11,043

7,181

12,237

14,214

19,523

7,325

-

Proceeds from (purchase of) cost method investments, net

-

-

-

-

-

-2,000

-

-

-

-

-

Purchases of marketable securities

-

-

-

-

-

-

-

-

-

-

43,402

Proceeds from sale and maturity of marketable securities

-

-

-

-

-

-

-

-

-

-

54,091

Proceeds from sale of equity investment

-

-

-

-

-

-

1,128

885

-

-

-

Additional proceeds from sale of equity investments

-

-

-

-

-

-

-

-

-

-38,717

-

Proceeds from sale of investment in affiliate, net

1,495

175

4,555

-

464

-

-

-

-

-

-

Advance for TLL, LLC acquisition

-

-

-

-

-

2,500

-

-

-

-

-

Dividend from equity investments

-

-

-

-

-

-

-

-

-

0

-

Investments in affiliates

-

-

-

-

-

-

-

-

-

720

1,824

Decrease in restricted cash

-

-

-

-

-

-

-

-

-132

55

-1,512

Other investing activities

-

-

-236

-57

-3

-229

-958

-452

-

-

-

Total cash provided by (used in) investing activities

-

-

-

-3,872

-13,046

-8,156

-3,480

-12,238

-6,736

19,264

-32,997

Net cash provided by investing activities from discontinued operations

-

-

-

-

-

-

4,000

25,232

-1,891

-1,199

451

Net cash provided by (used in) investing activities

3,762

-2,047

6,011

-

-

-

520

12,994

-8,627

18,065

-

Cash flows from financing activities:
Proceeds from issuance of common stock

614

83

54

60

193

-

1,058

2,191

1,787

2,740

1,838

Repurchases of common stock

142

-

-

-

-

5,504

-

6,200

-

1,435

2,768

Other financing activities

-

-43

-

-

-

-

-

-

-

-

-

Payments of withholding tax on RSU vesting

-

-

141

183

1

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

1,284

71

-

-

-

-

Net cash provided by financing activities from discontinued operations

-

-

-

-

-

-

-

-

-

0

-

Net cash provided by financing activities

472

40

-87

-

-

-

-

-

1,787

1,309

-771

Excess tax benefit related to stock-based compensation expense

-

-

-

-

-

-

-

-

-

4

159

Total cash provided by (used in) financing activities

-

-

-

-123

192

-5,504

1,058

-4,009

-

1,309

-

Effect of exchange rate on cash and cash equivalents

-460

187

-3,621

1,929

312

-

-

-

-

-

-

Net decrease in cash, cash equivalents and restricted cash

-11,020

-23,344

15,250

-30,404

-31,204

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-206

-99

-157

358

Net decrease in cash and cash equivalents

-

-

-

-

-

-25,715

9,013

26,136

7,440

35,498

-24,811

Supplemental disclosure of cash flow information
Income taxes paid

463

2,965

368

178

640

671

2,606

1,312

565

3,174

554

Non-cash activities:
Right-of-use assets obtained in exchange for lease obligations

5,600

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

6

6

6

4

89

-

0

41

Fair value of common stock issued in acquisition

874

-

-

-

-

-

-

-

-

-

-

Transfer of items originally classified as inventories to equipment

-

-

-

24

532

474

1,110

-

-

-

-

Issuance of common stock for settlement of contingent consideration related to acquisitions

-

-

-

-

-

-

1,560

-

-

-

-

Asset held for sale reclassified to asset held for use and reclassified from current assets to property and equipment

-

-

-

-

-

-

465

-

-

-

-

Transfer of items originally classified as inventories to equipment

-

-

-

-

-

-

-

897

1,402

-

-

Transfer of items originally classified as inventories to equipment

-

-

-

-

-

-

-

-

-

2,283

-

Transfer of items originally classified as inventories to equipment

-

-

-

-

-

-

-

-

-

-

2,841