Spark Energy, Inc. SPKEP Cash Flow

Spark energy, inc. (SPKEP)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Cash flows from operating activities:
Net income
14,213	-14,392	75,044	65,673	25,975	-4,265	31,412	26,093
Adjustments to reconcile net loss to net cash flows provided by operating activities:
Depreciation and amortization expense
41,002	51,436	42,666	48,526	25,378	22,221	16,215	22,795
Deferred income taxes
-	-	-	-	-	-	-	0
Deferred income taxes
6,929	2,328	-29,821	-3,382	-1,340	1,064	0	-
Change in TRA liability
0	0	22,267	0	0	-	-	-
Stock based compensation
5,487	5,879	5,058	5,242	3,181	858	0	0
Amortization of deferred financing costs
1,275	1,291	1,035	668	-	-	-	-
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability
-1,328	-1,715	-7,898	-140	0	0	-	-
Accretion on fair value of earnout liabilities
0	0	4,108	5,060	-	-	-	-
Amortization of deferred financing costs
1,275	1,291	1,035	668	412	631	678	919
Accretion on fair value of Earnout liabilities
-	-	-	-	0	0	-	-
Excess tax expense (benefit) related to restricted stock vesting
-50	101	-179	0	0	-	-	-
Accretion on fair value of Earnout liabilities
0	0	4,108	5,060	-	-	-	-
Bad debt expense
13,500	10,135	6,600	1,300	7,908	10,164	3,101	1,835
Loss on derivatives, net
-67,749	-18,170	5,008	22,407	-18,497	-14,535	6,567	-21,485
Current period cash settlements on derivatives, net
41,919	-11,038	19,598	24,427	23,948	-3,479	1,040	26,801
Accretion of discount to convertible subordinated notes to affiliate
0	0	1,004	150	0	-	-	-
Earnout payments
0	0	1,781	843	-	-	-	-
Gain on disposal of eRex
4,862	0	0	-	-	-	-	-
Other
-776	-882	-5	-715	-1,320	0	0	-
Changes in assets and liabilities:
Decrease in restricted cash
-	-	-	-	-707	707	0	0
Decrease in accounts receivable
-23,699	-2,692	32,361	12,088	-7,876	11,283	-6,338	-12,019
Increase in accounts receivable—affiliates
-526	-859	1,459	118	608	-5,563	-13,369	7,787
Decrease in inventory
-924	-674	718	-542	-4,544	3,711	599	-3,442
Increase in customer acquisition costs
-	-	-	-	19,869	26,191	8,257	6,322
Increase in customer acquisition costs
18,685	13,673	25,874	21,907	-	-	-	-
Increase in prepaid and other current assets
-9,250	14,033	-1,915	-71	-10,845	6,905	1,917	-8,505
Decrease (increase) in other assets
-55	335	465	-1,321	1,101	90	-144	-345
(Decrease) increase in accounts payable and accrued liabilities
-8,620	10,301	14,831	-	-	-	-	-
Decrease in accounts payable and accrued liabilities
-	-	-	14,831	-13,307	1,449	-7,879	-11,394
Decrease in accounts payable—affiliates
-1,455	-2,158	51	458	944	1,017	0	-1,295
Increase in other current liabilities
-1,459	-3,050	-1,210	2,364	-645	1,867	-518	237
Increase in other non-current liabilities
6	41	-1,487	46	1,898	-149	0	0
Decrease in intangible assets—customer acquisitions
0	86	0	0	2,776	1,545	0	0
Net cash provided by operating activities
91,735	59,763	62,131	66,950	45,931	5,874	44,480	44,076
Cash flows from investing activities:
Purchases of property and equipment
1,120	1,429	1,704	2,258	1,766	3,040	1,481	2,220
Payment of earnout
-	-	-	-	-	0	-	-
Cash paid for acquisitions
0	17,552	75,854	30,129	-	-	-	-
Payments to Acquire Equity Method Investments
-	-	-	1,102	-	-	-	-
Payment of the Major Energy Companies Earnout
-	-	-	-	-	-	0	-
Acquisition of the Verde Companies
-	-	-	-	0	-	-	-
Acquisition of Customers from Affiliate
5,913	0	0	-	-	-	-	-
Disposal of eRex investment
8,431	0	0	-	-	-	-	-
Acquisition of HIKO
-	-	-	-	0	-	-	-
Contribution to equity method investment
-	-	-	-	330	0	0	-
Sale of property, plant and equipment-affiliates
-	-	-	-	-	-	-	577
Net cash used in investing activities
1,398	-18,981	-77,558	-33,489	-41,943	-3,040	-1,481	-1,643
Cash flows from financing activities:
Proceeds from Issuance of Preferred Stock and Preference Stock
-743	48,490	40,241	0	0	-	-	-
Payment to affiliates for acquisition of customer book
10	7,129	0	-	-	-	-	-
Borrowings on notes payable
356,000	417,300	206,400	79,048	59,224	78,500	80,000	39,500
Payments on notes payable
362,500	403,050	152,939	66,652	-	-	-	-
Earnout Payments
0	1,607	18,418	2,012	-	-	-	-
Net paydown on subordinated debt facility
10,000	0	0	-	-	-	-	-
Payments on the Verde promissory note
2,036	13,422	0	0	49,826	44,000	62,500	68,528
Contributions from NuDevco
-	-	-	-	129	0	0	-
Deferred financing costs
-	-	-	-	-	402	532	441
Member contribution (distributions), net
-	-	-	-	-	36,406	59,337	10,435
Proceeds from issuance of Class B common stock
-	-	-	13,995	-	-	0	0
Proceeds From Disgorgement Of Short-Swing Profits
55	244	1,129	941	-	-	-	-
Proceeds from disgorgement of stockholders short-swing profits
55	244	1,129	941	0	0	-	-
Issuance of convertible subordinated notes to affiliate
-	-	-	-	7,075	0	0	-
Restricted stock vesting
1,348	2,895	3,091	1,183	432	0	0	-
Excess tax benefit related to restricted stock vesting
-	-	-	185	0	0	-	-
Tax Receivable Agreement, Payment
11,239	6,219	0	0	-	-	-	-
Payment of dividends to Class A common stockholders
10,382	9,800	9,519	-	-	-	-	-
Payment of dividends to Class A common stockholders
-	-	-	8,367	4,456	721	0	0
Distributions of proceeds from IPO to affiliate
-	-	-	-	-	47,554	0	0
Payment of note payable to NuDevco
-	-	-	-	-	50	0	0
IPO costs
-	-	-	-	-	2,667	0	0
Payment of distributions to non-controlling unitholders
34,794	35,478	33,800	34,930	15,587	2,584	0	0
Payment of Preferred Stock dividends
8,106	7,014	2,106	0	0	-	-	-
Payment to affiliates for acquisition of customer book
-	-	-	0	-	-	-	-
Purchase of Treasury Stock
0	0	2,011	0	-	-	-	-
Purchase of Treasury Stock
-	-	-	-	0	-	-	-
Net cash used in financing activities
-85,103	-20,563	25,886	-18,975	-3,873	-5,664	-42,369	-39,904
Decrease in Cash, cash equivalents and Restricted cash
8,030	20,219	10,459	14,486	-	-	-	-
Increase (decrease) in Cash and cash equivalents
-	-	-	-	115	-2,830	630	2,529
Supplemental Disclosure of Cash Flow Information:
Non-cash items:
Initial allocation of non-controlling interest
-	-	-	-	-	22,232	0	0
Property and equipment purchase accrual
92	-123	91	32	45	19	0	-
Holdback for Verde Note—Indemnified Matters
4,900	0	0	-	-	0	-	-
Write-off of tax benefit related to tax receivable agreement liability—affiliates
4,384	0	0	-	-	-	-	-
Gain on settlement of tax receivable agreement liability—affiliates
16,336	0	0	-	-	-	-	-
Business Combination, Consideration Transferred, Liabilities Incurred
-	-	-	18,936	-	0	-	-
Assumption of legal liability in connection with the Major Energy Companies acquisition
-	-	-	5,000	0	0	-	-
Net contribution of the Major Energy Companies
-	-	-	3,873	0	0	-	-
Contribution of Acquisition in Excess of Cash
0	0	274	0	0	-	-	-
Installment consideration incurred in connection with the Verde Companies acquisition and Verde Earnout Termination Note
0	0	19,994	-	-	-	-	-
Issuance of Class B common stock
-	-	-	-	-	28,486	0	0
Liabilities retained by affiliate
-	-	-	-	-	29,000	0	0
Tax benefit from tax receivable agreement
0	-1,508	-1,802	31,490	-64	23,636	0	0
Liability due to tax receivable agreement
0	1,642	4,674	-26,722	-55	20,767	0	0
CenStar Earnout accrual
-	-	-	-	500	0	0	-
Cash paid during the period for:
Interest
6,634	7,883	5,715	2,280	-	-	-	-
Interest
-	-	-	-	1,661	860	879	2,686
Taxes
7,516	8,561	11,205	7,326	216	85	195	318
Provider Companies
Installment consideration incurred in connection with the acquisition
-	-	-	1,890	-	-	-	-
Verde Companies
Installment consideration incurred in connection with the acquisition
-	-	-	0	-	-	-	-