Smith micro software, inc. (SMSI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating activities:
Net income

10,722

-2,740

-6,661

-

-

-

-

-

-

-

-

Net loss

-

-

-

-15,343

-2,602

-11,799

-27,953

-25,463

-159,606

12,346

4,752

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization

1,341

779

922

1,381

1,904

2,931

4,006

4,430

10,177

11,778

10,540

Non-cash rent expense

954

-

-

-

-

-

-

-

-

-

-

Amortization of debt discounts and financing issuance costs

-

239

459

168

-

-

-

-

-

-

-

Restructuring costs

194

173

-

-

-

-

-

-

-

-

-

Long-lived asset impairment

-

-

-

411

-

-

-

-

-

-

-

Change in fair value of warrant liability

-

812

-

-

-

-

-

-

-

-

-

Change in carrying value of contingent liability

-

-

-

668

-

-

-

-

-

-

-

Loss on debt extinguishment

-

-203

-405

-

-

-

-

-

-

-

-

Provision for doubtful accounts and other adjustments to accounts receivable

143

-82

182

70

31

347

730

-

-

-

-

Lease incentives

-

-

-

-

-

-

-

-

2,223

-

-

Provision for doubtful accounts and other adjustments to accounts receivable

-

-

-

-

-

-

-

1,045

1,244

851

1,596

Provision for excess and obsolete inventory

1

-16

-

11

48

124

76

73

158

-

-

Loss on disposal of fixed assets

-6

-7

6

-27

-1

-

-

-

-

-

-

Gain on sale of software product

483

-

-

-

-

-

-

-

-

-

-

Restructuring reserve adjustment

-

-

123

-

-

-

-

-

-

-

-

Provision for excess and obsolete inventory

-

-

-

-

-

-

-

-

-

203

1,063

Stock based compensation

-

-

-

-

-

-

3,533

3,949

6,530

9,496

8,724

Tax benefits from stock-based compensation

-

-

-

-

5

-

-

-

-

1,543

871

Non-cash compensation related to stock options and restricted stock

1,494

935

1,171

1,528

2,158

3,652

-

-

-

-

-

Deferred income taxes

-97

-213

585

137

-

2

-

-

-414

-849

-

Long-lived assets write-off due to restructuring

-

-

-

-

-

-

1,011

-

-

-

-

Goodwill and long-lived asset impairment

-

-

-

-

-

-

-

-

112,904

-

-

Change in fair value of contingent liability

-

-

-

-

-

-

-

-1,210

-

-

-

Loss on disposal of assets

-

-

-

-

-

-

-

-163

-181

-29

11

Changes in operating accounts:
Accounts receivable

3,811

1,903

365

-3,368

-40

1,000

-660

1,473

-20,043

6,516

5,998

Income tax receivable

-

-

-

-

-

7

18

-7,612

5,421

1,892

980

Deferred taxes

-

-

-

-

-

-

-

-

-

-

914

Inventories

-

-

-

-

-

54

67

-60

97

167

372

Prepaid expenses and other assets

32

197

-154

-475

-790

-114

9

-268

-58

-259

507

Accounts payable and accrued liabilities

-417

-1,252

-2,947

-1,966

-1,362

-2,189

2,429

-2,992

-2,355

-949

-384

Deferred revenue

-221

-45

-25

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-828

-1,058

1,034

-972

733

-

-

-

Net cash used in operating activities

-

-

-

-11,503

-55

-6,849

-16,574

-12,805

-

-

-

Net cash provided by (used in) operating activities

9,988

-2,874

-7,419

-

-

-

-

-

-13,547

24,744

18,466

Investing activities:
Acquisition of Smart Retail business and Circle operator business, net

3,974

-

-

2,485

-

-

-

-

-

532

-

Proceeds from sale of software product

370

-

-

-

-

-

-

-

-

-

-

Capital expenditures

1,659

173

77

500

124

216

829

322

13,431

6,312

4,809

Proceeds from the sale of short-term investments

-

-

-

4,079

-

198

-

-

-

-

-

Purchases of short-term investments

-

-

-

-

1,199

-

-

-

-

-

-

Cash proceeds from the disposal of fixed assets

-

-

-

-

-

-

-

-

-

-

31

Sales (purchases) of short-term investments

-

-

-

-

-

-

-10,257

-25,196

-16,172

23,418

8,706

Net cash provided by (used in) investing activities

-

-

-

1,094

-1,323

-18

9,428

24,874

-

-

-

Net cash used in investing activities

-5,263

-173

-77

-

-

-

-

-

2,741

-30,262

-20,391

Financing activities:
Proceeds from exercise of common stock warrants

11,457

-

-

-

-

-

-

-

-

-

-

Proceeds from (payments related to) issuance of common stock

-14

17,600

-

-

-

-

-

-

-

-

-

Repayments of short-term secured promissory notes

-

1,000

-

-

-

-

-

-

-

-

-

Repayments of related-party notes payable

-

1,200

-

-

-

-

-

-

-

-

-

Proceeds from common stock offering, net of expenses

-

-

-

-

-

5,242

-

-

-

-

-

Cash received from issuance of common stock and warrants, net of offering costs

-

-

2,056

-

-

-

-

-

-

-

-

Cash received from issuance of preferred stock, net of offering costs

-

-

2,413

-

-

-

-

-

-

-

-

Cash received from (repayments of) short-term secured promissory notes

-

-

1,800

-

-

-

-

-

-

-

-

Cash received from (repayments of) related-party notes payable

-

-

1,200

-

-

-

-

-

-

-

-

Repayments of notes payable

-

2,000

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

50

-

-

-

10

6

-

16

12

7,254

1,665

Cash received from related-party notes payable, net of issuance costs of $97 (2016)

-

-

-

1,903

-

-

-

-

-

-

-

Cash received from notes payable, net of issuance costs of $97 (2016)

-

-

-

1,903

-

-

-

-

-

-

-

Proceeds from stock sale for employee stock purchase plan

10

5

3

13

17

21

36

66

413

-

-

Dividends paid on preferred stock

119

404

-

-

-

-

-

-

-

-

-

Tax benefits received from stock-based compensation

-

-

-

-

5

-

-

-

-

1,543

871

Repurchase of common stock

-

-

-

-

-

-

-

753

-

-

-

Net cash provided by financing activities

-

-

-

3,819

32

5,269

36

-671

-

-

-

Net cash provided by (used in) financing activities

11,384

13,001

7,472

-

-

-

-

-

425

8,797

2,536

Net decrease in cash and cash equivalents

16,109

9,954

-24

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-6,590

-1,346

-1,598

-7,110

11,398

-10,381

3,279

611

Supplemental disclosures of cash flow information:
Cash paid for income taxes

104

2

15

27

17

75

165

257

700

5,776

6,612

Cash paid for interest

-

386

662

-

-

-

-

-

-

-

-

Non-cash investing and financing activities:
Cash paid for interest expense

-

-

-

21

-

-

-

-

-

-

-

Change in unrealized loss on short-term investments

-

-

-

2

-1

-

7

-

-

-

-

Supplemental disclosures of non-cash activities:
Issuance of common stock in connection with Smart Retail acquisition

5,129

-

-

-

-

-

-

-

-

-

-

Issuance of common stock warrants in connection with stock offering

-

10,792

64

-

-

-

-

-

-

-

-

Reclassification of warrants from liabilities to equity

-

7,604

-

-

-

-

-

-

-

-

-

Conversion of preferred stock to common stock

1

4

-

-

-

-

-

-

-

-

-

Issuance of preferred stock in settlement of senior subordinated debt

-

-

2,800

-

-

-

-

-

-

-

-