SMITH MICRO SOFTWARE, INC. SMSI Cash Flow

Smith micro software, inc. (SMSI)

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
Operating activities:
Net income
12,719	10,722	9,852	5,302	-311	-2,740	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-14,517	-15,343	-12,209	-8,347	-6,298	-2,602	-1,806	-2,178	-6,642	-11,799	-13,506	-25,413	-26,962	-27,953	-30,594	-22,358	-21,939	-25,463	-30,845	-160,513	-161,535	-159,606	0	0	0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization
1,664	1,341	1,125	1,053	893	779	879	866	895	922	979	1,065	1,189	1,381	1,553	1,713	1,835	1,904	2,003	2,225	2,554	2,931	3,271	3,563	3,805	4,006	4,219	4,331	4,388	4,430	4,420	6,583	8,556	10,177	0	0	0
Non-cash lease expense
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discounts and financing issuance costs
-	-	-	-	-	239	262	330	394	459	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring costs
96	194	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of warrant liability
-	-	-	-	-	812	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts and other adjustments to accounts receivable
148	143	39	-71	-113	-82	110	105	130	182	0	0	0	-	-	-	-	31	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts and other adjustments to accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	926	826	771	1,045	1,450	1,521	1,470	1,244	0	0	0
Provision for excess and obsolete inventory
-	1	3	-5	-9	-16	0	0	0	-	-	-	-	11	22	21	46	48	120	121	107	124	52	56	63	76	0	0	0	-	-	-	-	-	-	-	-
Loss on disposal of fixed assets
-	-6	0	0	0	-	-	-	-	-	-	-	-	-27	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for excess and obsolete inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Stock based compensation
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	3,881	4,170	3,345	3,533	3,644	3,721	3,676	3,949	4,451	4,708	5,601	6,530	0	0	0
Tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Non-cash compensation related to stock options and restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,943	2,158	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating accounts:
Accounts receivable
3,035	3,811	4,745	6,711	3,430	1,903	1,229	1,576	780	365	100	-745	-865	-3,368	-2,683	-2,930	-2,120	-40	361	895	843	1,000	958	-335	-2,105	-660	-1,401	898	2,044	1,473	1,756	-2,165	-14,809	-20,043	0	0	0
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-7,612	0	0	0	-	-	-	-
Deferred taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	27	54	55	95	97	67	32	-12	-34	-60	-19	38	55	97	0	0	0
Prepaid expenses and other assets
11	32	0	145	115	197	-2	1	-58	-154	-655	-652	-891	-475	-768	-873	-520	-790	-203	-369	-40	-114	-86	184	44	9	-92	-276	-82	-268	-374	-461	-652	-58	0	0	0
Accounts payable and accrued liabilities
-1,140	-417	-980	-1,427	-1,310	-1,252	-2,356	-2,046	-2,311	-2,947	-2,734	-2,758	-2,678	-1,966	-821	-854	-823	-1,362	-2,444	-1,964	-2,297	-2,189	-2,663	668	1,084	2,429	2,899	21	-584	-2,992	-3,086	-2,484	-5,526	-2,355	0	0	0
Deferred revenue
166	-221	-306	-369	-240	-45	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-501	-909	-828	-545	470	776	-1,058	-81	-6	130	1,034	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-11,503	-7,719	-2,246	-533	-55	201	187	-2,516	-6,849	-10,593	-16,496	-16,286	-16,574	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
12,903	9,988	4,984	-1,649	-1,669	-2,874	-4,756	-6,358	-7,564	-7,419	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25,791	-27,780	-19,400	-13,547	0	0	0
Investing activities:
Capital expenditures
2,320	1,659	825	350	267	173	181	124	80	77	245	411	427	500	316	213	189	124	263	218	222	216	93	750	754	829	865	384	357	322	608	2,177	6,925	13,431	0	0	0
Other investing activities
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	4,079	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales (purchases) of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,174	-	-4,998	-13,089	-12,877	-10,257	-9,768	-5,984	-5,908	-25,196	-17,063	-24,602	-35,278	-16,172	0	0	0
Net cash provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	1,094	1,279	1,461	1,932	-1,323	-2,141	-3,319	-1,396	-18	4,905	12,339	12,123	9,428	0	0	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-14,315	-5,263	-4,436	-3,974	-4,241	-173	-181	-124	-80	-77	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,455	22,425	28,353	2,741	0	0	0
Financing activities:
Proceeds from exercise of common stock warrants
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (payments related to) issuance of common stock
-	-	-	-	-	17,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	10	10	9	6	0	0	0	-	-	-	-	16	16	11	15	12	0	0	0
Proceeds from stock sale for employee stock purchase plan
-	-	-	-	-	5	6	4	4	3	2	8	8	13	13	16	16	17	17	18	18	21	21	26	26	36	36	32	32	66	67	123	123	413	0	0	0
Repayments of short-term secured promissory notes
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (repayments of) related-party short-term notes payable
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on preferred stock
-	119	153	145	297	404	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefits received from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Repurchase of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	753	0	0	0	-	-	-	-
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	3,819	3,852	21	22	32	-22	5,270	5,269	5,269	5,318	32	32	36	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
13,490	11,384	14,935	3,489	9,634	13,001	9,385	12,850	8,794	7,472	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-670	-776	-475	425	0	0	0
Net decrease in cash and cash equivalents
12,078	16,109	15,483	-2,134	3,724	9,954	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-8,894	-6,590	-2,588	-764	1,421	-1,346	-1,962	2,138	1,357	-1,598	-370	-4,125	-4,131	-7,110	790	-1,805	-3,416	11,398	-10,006	-6,131	8,478	-10,381	0	0	0
Supplemental disclosures of cash flow information:
Cash paid for income taxes
114	104	58	9	6	2	14	20	18	15	-5	0	8	27	38	37	32	17	30	45	66	75	63	130	109	165	221	234	237	257	380	538	567	700	0	0	0
Cash paid for interest
-	-	-	-	-	386	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities:
Cash paid for interest expense
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures of non-cash activities:
Issuance of common stock in connection with Smart Retail acquisition
-	5,129	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock warrants in connection with stock offering
-	-	-	-	-	10,792	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Smart Retail [Member]
Acquisition of Smart Retail business and Circle operator business, net
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Circle Operator [Member]
Acquisition of Smart Retail business and Circle operator business, net
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-