SMITH MICRO SOFTWARE, INC. SMSI Cash Flow

Smith micro software, inc. (SMSI)

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	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
Operating activities:
Net income
2,045	3,671	3,567	3,436	48	2,801	-983	-2,177	-2,381	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-2,880	-3,725	-4,632	-3,280	-3,706	-591	-770	-1,231	-10	205	-1,142	-5,695	-5,167	-1,502	-13,049	-7,244	-6,158	-4,143	-4,813	-6,825	-9,682	-9,525	-134,481	-7,847	-7,753
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization
644	344	316	360	321	128	244	200	207	228	231	229	234	285	317	353	426	457	477	475	495	556	699	804	872	896	991	1,046	1,073	1,109	1,103	1,103	1,115	1,099	3,266	3,076	2,736
Non-cash lease expense
244	-	249	287	194	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discounts and financing issuance costs
-	-	-	-	-	42	66	66	65	65	134	130	130	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring costs
6	40	39	11	104	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of warrant liability
-	-	-	-	-	-2,314	902	2,085	139	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts and other adjustments to accounts receivable
-4	16	119	17	-9	-88	9	-25	22	104	4	0	74	-	-	-	-	320	2	-303	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts and other adjustments to accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72	-	93	221	145	467	-7	166	419	872	64	115	193
Provision for excess and obsolete inventory
-	0	0	0	1	2	-8	-4	-6	-	-	-	-	3	4	1	3	14	3	26	5	86	4	12	22	14	8	19	35	-	-	-	-	-	-	-	-
Loss on disposal of fixed assets
-	0	0	-7	1	-	-	-	-	-	-	-	-	0	-45	20	-2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for excess and obsolete inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	-	58	37	26
Stock based compensation
632	-	351	333	455	-	264	246	164	-	168	388	446	-	-	-	-	-	-	-	-	-	532	1,846	717	786	821	1,021	905	897	898	976	1,178	1,399	1,155	1,869	2,107
Tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-127	284
Non-cash compensation related to stock options and restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	361	531	528	523	576	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating accounts:
Accounts receivable
983	-220	-1,811	4,083	1,759	714	155	802	232	40	502	6	-183	-225	-343	-114	-2,686	460	-590	696	-606	861	-56	644	-449	819	-1,349	-1,126	996	78	950	20	425	361	-2,971	-12,624	-4,809
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-33	9	-673	-	-	-	-	-	-	-	-	-6,862	-144	-254	-352	-	-	-	-
Deferred taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,454	-5,073	-5,540
Inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-2	-9	-	-	-	-5	18	0	14	22	19	40	16	-8	-16	-4	-6	-34	25	53	11	8
Prepaid expenses and other assets
-215	84	-190	332	-194	52	-45	302	-112	-147	-42	243	-208	-648	-39	4	208	-941	-144	357	-62	-354	-310	686	-136	-326	-40	546	-171	-427	-224	740	-357	-533	-311	549	237
Accounts payable and accrued liabilities
-840	284	-175	-409	-117	-279	-622	-292	-59	-1,383	-312	-557	-695	-1,170	-336	-477	17	-25	-369	-446	-522	-1,107	111	-779	-414	-1,581	3,442	-363	931	-1,111	564	-968	-1,477	-1,205	1,166	-4,010	1,694
Deferred revenue
302	-7	-78	-51	-85	-92	-141	78	110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-116	586	-493	-478	-524	667	-210	537	-218	-1,167	767	612	-82	-263	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-3,508	-4,298	-3,954	257	276	1,175	-2,241	735	532	1,161	-4,944	-3,598	-3,212	-4,742	-4,734	-3,886	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
2,261	5,160	6,389	-907	-654	156	-244	-927	-1,859	-1,726	-1,846	-2,133	-1,714	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,035	-5,873	-8,110	-7,773	-6,024	2,507	-2,257
Investing activities:
Capital expenditures
771	835	537	177	110	1	62	94	16	9	5	50	13	177	171	66	86	-7	68	42	21	132	23	46	15	9	680	50	90	45	199	23	55	331	1,768	4,771	6,561
Other investing activities
215	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-1	720	959	2,401	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales (purchases) of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	521	919	-	982	-1,406	-453	-4,121	-7,109	-1,194	2,167	-3,632	-3,325	-1,118	-17,121	4,501	-10,864	-11,794	1,985
Net cash provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-178	-9	-1,034	2,315	7	173	-563	-940	-811	-1,005	1,360	438	4,112	6,429	1,144	-2,257	-	-	-	-	-	-	-	-
Net cash used in investing activities
-13,136	-828	-524	173	-4,084	-1	-62	-94	-16	-9	-5	-50	-13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,126	1,095	17,066	-4,832	9,096	7,023	-8,546
Financing activities:
Proceeds from exercise of common stock warrants
2,045	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (payments related to) issuance of common stock
-	-	-	-	-	6,851	-10	6,297	4,462	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1	9	0	0	0	6	-	-	-	-	0	5	1	10	0	0	5	7
Proceeds from stock sale for employee stock purchase plan
-	-	-	-	-	0	2	0	3	1	0	0	2	0	6	0	7	0	9	0	8	0	10	0	11	0	15	0	21	0	11	0	55	1	67	0	345
Repayments of short-term secured promissory notes
-	-	-	-	-	-	0	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (repayments of) related-party short-term notes payable
-	-	-	-	-	-	-	-	-	-	-	-	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on preferred stock
-	0	52	33	34	34	44	185	141	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
18	-	-	-	-9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefits received from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-127	284
Repurchase of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	424	329	-	-	-	-
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-28	3,840	0	7	5	9	1	17	-49	5,301	0	17	0	15	0	21	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
2,063	66	11,394	-33	-43	3,617	-52	6,112	3,324	1	3,413	2,056	2,002	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	-423	-264	1	-90	-122	636
Net decrease in cash and cash equivalents
-8,812	4,398	17,259	-767	-4,781	3,772	-358	5,091	1,449	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	275	-3,714	-467	-4,988	2,579	288	1,357	-2,803	-188	-328	5,457	-3,584	-3,143	900	1,702	-3,590	-6,122	8,800	-893	-5,201	8,692	-12,604	2,982	9,408	-10,167
Supplemental disclosures of cash flow information:
Cash paid for income taxes
19	44	43	8	9	-2	-6	5	5	10	0	3	2	-10	5	11	21	1	4	6	6	14	19	27	15	2	86	6	71	58	99	9	91	181	257	38	224
Cash paid for interest
-	-	-	-	-	52	115	108	111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities:
Cash paid for interest expense
-	-	-	-	-	-	-	-	-	-	-	-	120	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures of non-cash activities:
Issuance of common stock in connection with Smart Retail acquisition
-	0	0	0	5,129	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock warrants in connection with stock offering
-	-	-	-	-	4,000	12	3,872	2,908	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Smart Retail [Member]
Acquisition of Smart Retail business and Circle operator business, net
-	-	-	-	3,974	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Circle Operator [Member]
Acquisition of Smart Retail business and Circle operator business, net
12,150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-