SharpSpring, Inc. SHSP Cash Flow

Sharpspring, inc. (SHSP)

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	Dec'15	Sep'15	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 loss
-10,482	-12,387	-11,909	-12,092	-10,320	-9,478	-7,664	-6,536	-5,342	-4,669	-6,422	-6,064	4,281	4,951	0	0	0	-	-	-	-2,234	-841	619	1,036	1,270	1,272	1,241	1,235	1,090	1,069	960	990	953	905	0	0	0
Deduct: Income from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	10,666	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-5,715	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile loss from operations:
Depreciation and amortization
1,139	1,010	987	972	928	892	836	800	801	807	2,412	2,563	2,659	2,978	1,565	1,612	1,687	1,598	1,509	1,164	820	424	163	126	114	102	68	57	48	32	22	15	7	6	0	0	0
Amortization of costs to acquire contracts
804	804	831	826	783	758	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash stock compensation
1,271	1,204	1,103	1,054	1,030	964	920	885	821	768	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-employee stock issuance expense
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66	134	134	157	70	0	0	0	-	-	-	-	-	-	-	-
Excess tax benefits from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Non-cash stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	705	704	745	816	842	835	796	696	650	539	583	485	576	642	483	485	268	128	89	65	123	0	0	0
Deferred income taxes
-	-	-	-	-	-168	-173	-101	55	5	275	249	145	167	754	755	831	842	-444	-539	-583	-617	-158	-61	-30	-22	0	0	0	-	-	-	-	-	-	-	-
Gain on disposal of property and equipment
-	-	-	-	-	-4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest
39	139	239	339	400	304	204	104	4	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs and embedded derivative
4	2	-16	-9	-8	-6	12	6	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on embedded derivative
189	214	240	267	-375	-400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-128	-128	-8	-0	-2	-2	-12	-12	-10	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for refunds and chargebacks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Non-cash change in value of earn out liability
-	-	-	-	-	-	-	-	-	-	-	-	-	219	133	404	1,972	2,556	3,323	3,053	1,386	682	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash gain from escrow claim
-	-	-	-	-	-	-	-	-	-	-	-	-	-84	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized foreign currency loss
-44	25	42	138	327	289	167	116	-86	-70	78	83	91	185	49	-70	-91	-152	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for refunds and chargebacks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12	-11	-9	-5	0	0	0
Deferred Income Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-35	-25	20	-49	0	0	0
Changes in assets and liabilities:
Accounts receivable
-104	-204	-51	-62	0	3	87	201	439	665	816	961	763	499	489	351	286	428	358	279	232	153	12	-43	-12	-13	-9	31	0	33	49	12	31	-11	0	0	0
Unbilled receivables
-256	-254	-232	-231	-19	-187	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets
945	433	323	213	-106	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-537	-837	-1,070	-1,061	-844	-1,097	-1,365	-1,212	-896	-726	-258	-11	85	210	291	218	71	18	-223	-192	-194	-254	52	70	46	50	0	0	0	-	-	-	-	-	-	-	-
Income taxes, net
1,563	-2	-114	99	1,860	1,966	1,624	1,230	-926	-1,105	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31	23	43	-2	0	0	0
Income taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	167	19	-445	0	0	0	-	-	-	-	172	51	72	-164	-380	-219	-47	175	358	0	0	0
Accounts payable
1,603	439	428	450	68	1,094	280	464	573	-22	89	-25	-46	-156	277	251	311	238	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liabilities
135	-377	-308	-153	-92	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-717	-392	126	75	155	162	66	196	-277	-256	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes receivable and payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	221	71	-247	-130	-164	-37	216	-27	-55	-28	-28	21	76	-44	111	94	11	1	0	0	0
Deferred revenue
287	421	171	-2	-8	-27	64	70	12	-8	-31	-247	-234	-246	-198	-50	-83	-91	63	157	220	274	103	52	38	-16	-44	-45	-28	15	23	17	39	38	0	0	0
Net cash used in operating activities - Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-8,333	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities - Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	1,265	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
-7,185	-8,027	-7,546	-7,105	-5,159	-3,624	-3,004	-2,520	-4,155	-4,052	-5,920	-8,664	-7,906	-7,068	-4,423	-1,436	-932	-1,498	-1,294	-672	-248	427	962	1,409	1,626	1,948	1,778	1,679	1,390	851	906	1,104	1,305	1,441	0	0	0
Cash flows from investing activities:
Purchases of property and equipment
1,336	1,365	1,559	1,317	991	893	424	231	166	177	161	437	449	455	625	420	445	456	289	252	167	66	75	47	45	287	273	263	266	24	0	0	0	-	-	-	-
Capitalization of software development costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities - Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,180	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities - Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	13,945	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of customer assets from resellers
-	-	-	-	-	-	-	-	-	64	240	312	345	724	548	476	382	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-5,996	-5,930	-1,554	-1,312	-1,163	-889	-424	-231	772	758	597	500	13,429	12,765	12,761	12,765	-1,276	-625	-2,902	-7,763	-7,543	-7,442	-4,996	-47	-45	-287	-273	-263	-266	-24	0	0	0	-	-	-	-
Cash flows from financing activities:
Proceeds from line of credit
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of convertible note
-	-	-	-	-	8,000	8,000	8,000	8,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	141	141	141	141	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends to shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,459	2,181	1,926	1,591	1,255	0	0	0	-	-	-	-	-	-	-	-
Payment to reduce earn out
-	-	-	-	-	-	-	-	-	-	-	-	-	1,207	1,207	1,207	2,207	2,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
376	968	1,073	1,261	1,191	596	452	262	30	22	29	12	11	12	1	61	139	141	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends to shareholder
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Proceeds from issuance of common stock, net
4,915	15,587	10,649	10,649	10,672	0	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-	10,508	10,701	10,955	10,975	471	292	38	535	531	516	516	0	96	0	0	0
Payments for taxes related to net share settlement of equity awards
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66	123	123	143	70	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities - Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,196	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities - Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
7,165	16,556	11,722	11,910	11,864	8,454	8,310	8,120	7,889	22	29	12	-989	-1,196	-1,205	2,209	3,264	3,474	2,813	-1,204	-1,859	8,115	8,643	9,152	9,527	-713	-797	-924	-2,284	-2,022	-1,807	-1,586	0	96	0	0	0
Effect of exchange rate on cash
-110	-37	-51	-30	-47	-19	-15	-34	23	20	-6	20	-7	-8	3	-20	-8	-17	-12	4	-2	-5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in cash and cash equivalents
-6,127	2,561	2,570	3,461	5,493	3,921	4,866	5,333	4,530	-3,251	-5,299	-8,132	4,525	4,492	7,136	13,517	1,046	1,333	-1,395	-9,635	-9,654	1,094	4,608	10,514	11,108	947	707	491	-1,160	-1,194	-913	-486	1,155	1,387	0	0	0
Supplemental information on consolidated statements of cash flows:
Cash paid during the period for interest
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash (received) paid for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	120	124	130	0	0	0	-	-	941	928	708	659	655	504	618	503	398	428	359	0	0	0
Cash paid during the period for income taxes, net
11	11	17	-116	-2,016	-2,099	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash activities
Right-of-use asset obtained for lease liability
521	5,715	5,715	5,715	5,715	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receipt of common stock for escrow claim
-	-	-	-	-	-	-	-	-	-	-	-	-	84	84	84	84	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock for GraphicMail earn out
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock for GraphicMail earn out
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-