Spark Energy, Inc. SPKEP Cash Flow

Spark energy, inc. (SPKEP)

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
Cash flows from operating activities:
Net income
10,068	-724	37,676	-25,484	2,745	-15,315	18,827	23,927	-41,831	46,299	12,942	4,671	11,132	24,137	6,801	18,994	15,741	3,132	5,875	4,039	12,929	-11,394	420	201	6,508
Adjustments to reconcile net loss to net cash flows provided by operating activities:
Depreciation and amortization expense
8,796	9,037	9,485	10,321	12,159	12,898	13,899	13,007	11,632	12,082	12,173	10,207	8,204	15,783	15,269	10,685	6,789	7,505	7,557	6,038	4,278	11,897	4,113	3,252	2,959
Deferred income taxes
-468	-	4,561	-4,586	59	-	2,647	3,153	-6,549	-	678	90	-87	-	-1,189	1,756	841	-	595	436	-159	-	638	0	0
Stock based compensation
1,324	1,434	1,621	1,260	1,172	2,172	1,021	1,555	1,131	1,035	1,118	1,538	1,367	1,215	1,585	1,824	618	1,189	833	609	550	496	362	0	0
Amortization of deferred financing costs
250	273	497	237	268	48	631	317	295	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability
-	-	-	-	-	-	-	-	-	1,525	-6,855	-3,279	711	-983	-157	0	1,000	0	0	0	0	-	-	-	-
Amortization of deferred financing costs
250	273	497	237	268	48	631	317	295	285	219	283	248	203	230	118	117	117	194	51	50	51	355	112	113
Accretion on fair value of Earnout liabilities
-	-	-	-	-	-	-	-	-	321	1,127	1,434	1,226	-	-	-	-	-	-	-	-	-	-	-	-
Bad debt expense
2,355	4,315	3,170	2,166	3,849	1,655	2,755	3,302	2,423	3,164	2,517	563	356	458	380	-445	907	1,826	1,903	1,232	2,947	6,191	1,946	1,462	565
Loss on derivatives, net
-24,587	-25,059	12,307	-35,456	-19,541	-16,799	18,117	17,054	-36,542	39,233	-2,752	-9,677	-21,796	19,520	-609	13,245	-9,749	-12,379	61	-4,874	-1,305	-14,797	-1,178	-4,020	5,460
Current period cash settlements on derivatives, net
16,293	9,326	12,702	12,785	7,106	-4,849	981	9,272	-16,442	-1,218	8,988	5,650	6,178	5,734	2,864	5,372	10,457	8,828	6,044	4,885	4,191	3,773	3,004	-59	-10,197
Accretion of discount to convertible subordinated notes to affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-1,009	0	0	1,004	-715	-71	36	35	-	-	-	-	-	-	-	-
Payments of Earnouts
-	-	-	-	-	-	-	-	-	-	-	-	1,104	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid in kind - subordinated convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Other
0	-	209	262	137	-	-65	306	248	-	101	-218	-6	-	-263	184	-235	-	-	0	0	-	-	-	-
Changes in assets and liabilities:
Decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-707	707	0	0	0
Decrease in accounts receivable
-30,847	16,309	1,163	-25,042	-16,129	18,337	4,928	-16,220	-9,737	50,417	16	-14,334	-3,738	33,235	-146	-15,941	-5,060	10,690	1,042	-17,684	-1,924	21,024	2,525	-37,523	25,257
Increase in accounts receivable—affiliates
905	613	-2,463	1,251	73	-1,249	380	364	-354	-1,049	583	1,870	55	-879	1,828	-1,104	273	392	914	-491	-207	747	444	-7,289	535
Decrease in inventory
-2,690	-626	1,560	1,785	-3,643	-199	2,218	1,377	-4,070	-1,218	2,246	3,012	-3,322	26	1,136	1,780	-3,484	-1,566	2,109	2,434	-7,521	-1,627	5,649	4,011	-4,322
Increase in customer acquisition costs
1,345	-	-	-	5,789	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in customer acquisition costs
-	-	-	-	-	4,724	2,695	1,980	4,274	7,232	6,568	4,384	7,690	11,673	4,878	3,051	2,305	-	5,825	6,271	5,629	-	8,698	6,441	5,227
Increase in prepaid and other current assets
11,967	-39	2,334	-17,237	5,692	3,034	10,940	-22,660	22,719	-379	3,858	-6,696	1,302	-994	3,229	-3,486	1,180	265	-5,500	-2,989	-2,621	2,247	-592	3,934	1,316
Decrease (increase) in other assets
-289	-449	-392	684	102	427	5	-155	58	-199	-124	788	0	-588	-197	-271	-265	845	713	-457	0	-56	204	-89	31
Decrease in accounts payable and accrued liabilities
-10,892	-	-	-	-11,322	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in accounts payable and accrued liabilities
-	-	-	-	-	-	9,078	-11,049	-9,091	-	9,121	-9,443	-8,979	21,321	2,758	-1,908	-7,340	1,303	-2,523	-5,861	-6,226	7,339	-1,995	-22,230	18,335
Decrease in accounts payable—affiliates
-75	659	-2,125	29	-18	-372	463	-1,677	-572	-1,114	852	1,997	-1,684	-178	927	-2,240	1,949	95	1,077	-643	415	166	590	261	0
Increase in other current liabilities
149	-1,085	418	-1,182	390	2,090	-3,595	5,108	-6,653	-1,232	2,884	-449	-2,413	4,147	-1,369	-570	156	889	-339	-1,868	673	-	-	-	-
Increase in other non-current liabilities
-21	31	-74	-284	333	500	2	-290	-171	-317	-842	-4	-324	1,658	0	-1,723	111	292	53	1,553	0	-	-	-	-
Decrease in intangible assets—customer acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	56	2,044	676	1,545	0	0	0
Increase (decrease) in other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,036
Net cash provided by operating activities
39,389	14,650	26,056	20,980	30,049	17,910	5,443	45,950	-9,540	88	16,418	22,331	23,294	5,307	12,444	23,697	25,502	6,256	3,982	16,447	19,246	-6,091	-13,693	19,449	6,209
Cash flows from investing activities:
Purchases of property and equipment
536	543	117	206	254	332	-66	409	754	266	1,067	259	112	495	314	784	665	511	363	451	441	826	810	617	787
Cash paid for acquisitions
-	-	-	-	-	3,262	-751	0	15,041	64,390	11,464	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of the Major Energy Companies Earnout
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Acquisition of the Verde Companies
-	-	-	-	-	-	-	-	-	-	56,432	7,256	2,097	-	0	0	0	-	-	-	-	-	-	-	-
Acquisition of Customers from Affiliate
0	0	0	44	5,869	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contribution to equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	149	245	168	0	330	0	0	-	-	-	-
Net cash used in investing activities
-536	7,888	-117	-250	-6,123	4,712	307	-8,205	-15,795	1,129	-3,178	-75,397	-112	686	-32,313	-1,029	-833	876	-41,927	-451	-441	-826	-810	-617	-787
Cash flows from financing activities:
Buyback of Series A Preferred Stock
1,222	-	0	111	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Issuance of Preferred Stock and Preference Stock
-	-	-	-	-	0	0	0	48,490	-71	2,375	-670	38,607	0	0	0	0	-	-	-	-	-	-	-	-
Payment of the Major Energy Companies Earnout
-	-	-	-	-	-	-	-	-	-	-	0	6,299	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on notes payable
75,000	131,500	106,000	54,000	64,500	139,500	131,000	63,000	83,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,050	24,500
Borrowings on notes payable
-	-	-	-	-	-	-	-	-	-	18,400	115,375	5,625	-	47,923	0	0	-	46,225	3,000	3,000	-	-	-	-
Payments on notes payable
103,000	117,500	81,000	70,500	93,500	122,000	121,000	57,500	102,550	33,275	25,875	46,796	46,993	22,051	19,449	6,327	18,825	-	8,000	14,000	16,000	-	-	-	-
Earnout Payments
-	-	-	-	-	0	0	0	1,607	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on the Verde promissory note
0	0	0	1,000	1,036	6,849	0	3,312	3,261	-2,149	2,149	0	0	-	-	-	-	-	-	-	-	-	-	17,000	18,000
Member contribution (distributions), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-7,100	29,150	14,356
Proceeds From Disgorgement Of Short-Swing Profits
0	0	0	9	46	0	44	-44	244	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disgorgement of stockholders short-swing profits
0	0	0	9	46	0	44	-44	244	257	206	0	666	0	361	580	0	-	-	-	-	-	-	-	-
Restricted stock vesting
39	0	0	1,348	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of dividends to Class A common stockholders
2,606	-	-	-	2,564	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of dividends to Class A common stockholders
-	-	-	-	-	-	2,428	2,424	2,381	-	2,383	2,399	2,355	2,355	2,355	2,164	1,493	1,123	1,123	1,122	1,088	721	0	0	0
Payment of distributions to non-controlling unitholders
7,172	6,686	20,568	3,770	3,770	11,777	4,200	14,679	4,822	9,530	4,448	15,475	4,347	8,647	16,316	4,091	5,876	3,896	3,897	3,897	3,897	2,584	0	0	0
Payment of Preferred Stock dividends
2,011	2,024	2,028	2,027	2,027	2,027	2,028	2,027	932	932	1,174	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment to affiliates for acquisition of customer book
0	-	-	-	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment to affiliates for acquisition of customer book
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-41,050	-8,452	-10,937	-27,353	-38,361	-15,780	1,344	-23,108	16,981	16,953	-16,036	42,162	-17,193	-3,940	23,929	-12,770	-26,194	-10,013	40,285	-16,160	-17,985	8,793	15,499	-22,100	-7,856
Decrease in Cash, cash equivalents and Restricted cash
-2,197	14,086	15,002	-6,623	-14,435	6,842	7,094	14,637	-8,354	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in Cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-2,796	-10,904	5,989	-	4,060	9,898	-1,525	-2,881	2,340	-164	820	1,876	996	-3,268	-2,434
Supplemental Disclosure of Cash Flow Information:
Non-cash items:
Property and equipment purchase accrual
-	3	85	2	2	0	0	-303	180	50	-9	-26	76	-32	42	-35	57	-	-	-	19	-62	81	0	0
Tax benefit from tax receivable agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,707	-	-	-	0	-	-	-	-
Cash paid during the period for:
Interest
1,327	1,389	1,522	1,624	2,099	1,928	2,071	2,030	1,854	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes
465	-	3,657	4,587	-3,147	-	2,062	4,131	1,268	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	507	888	-	506	405	539	600	463	232	366	376	89	128	267
Taxes
-	-	-	-	-	-	-	-	-	3,436	537	7,114	118	3,543	1,891	1,050	842	59	7	150	0	-	-	-	-