One group hospitality, inc. (STKS)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Operating activities:
Net (loss) income

21,133

3,907

-4,028

-16,455

7,101

5,040

-

-

-

Net income

-

-

-

-

-

-

-21,853

-2,792

-

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

5,404

2,824

3,051

2,647

2,191

1,438

-

-

-

Loss on disposal of assets

-

-

-

-

-

-

-

-34

-

Derivative income

-

-

-

100

6,141

3,854

-10,095

0

-

Stock-based compensation

1,306

1,313

1,052

838

811

538

350

0

-

Bargain purchase gain

10,963

-

-

-

-

-

-

-

-

Loss on early debt extinguishment

-858

-

-

-

-

-

-

-

-

Amortization of discount on warrants and debt issuance costs

233

207

197

-

-

-

-

-

-

Amortization of discounts on warrants

-

-

-

71

0

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

1,456

7,457

-

Amortization of discount on warrants

-

-

-

71

-

-

-

-

-

Deferred rent and tenant improvement allowances

-

193

830

1,881

4,854

3,087

690

-1,053

-

Deferred taxes

-11,757

31

-25

10,043

-10,058

197

116

-273

-

Loss on impairment of investments

2,684

-

559

96

2,975

467

-

5,133

-

Accrued interest on member loans

-

-

-

-

-

-

-

281

-

Income from equity method investments

-

182

168

674

1,038

1,149

948

-77

-

Gain on disposition of cost method investment

-

185

0

-

-

-

-

-

-

Issuance of restricted stock

-

-

-

-

-

-

-

0

-

Control premium

-

-

-

-

-

-

5,000

0

-

Net loss

-

-

-

-

-

-

-

-

-293

Changes in operating assets and liabilities:
Accounts receivable

2,385

1,209

684

826

343

796

-470

1,099

-

Inventory

541

2

94

157

12

160

-387

195

-

Other current assets

-1,042

430

-443

-

-

-

-

-

-

Due from related parties, net

-296

-301

662

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-1,731

973

1,752

520

201

-

Due from related parties, net

-

-

-

-812

159

960

683

-696

-

Security deposits

767

11

169

209

-76

-1,383

-9

-198

-

Other assets

440

-35

-

-

-

-

-

-

-

Other assets

-

-

-262

-190

-101

-540

441

625

-

Accounts payable

926

79

1,627

908

-931

727

-1,699

1,062

-

Accrued expenses

-438

911

1,631

359

2,632

-1,115

723

220

-

Operating lease liabilities and right-of-use assets

-589

-

-

-

-

-

-

-

-

Deferred revenue

238

-758

503

-

-

-

-

-

-

Deferred revenue

-

-

-

529

1,108

127

-20

-46

-

Prepaid expenses

-

-

-

-

-

-

-

-

-4

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

203

Accrued interest related party

-

-

-

-

-

-

-

-

0

Accrued franchise taxes

-

-

-

-

-

-

-

-

85

Net cash (used in) provided by operating activities

8,360

6,444

5,987

2,102

2,042

992

-6,202

7,780

-1

Investing activities:
Acquisition related payments, net of cash acquired

26,040

-

-

-

-

-

-

-

-

Purchase of property and equipment

4,357

4,102

4,610

10,610

13,582

7,276

1,233

7,225

-

Purchase of minority interests

-

-

-

-

-

75

5,662

0

-

Distribution from equity method investment

-

-

-276

-519

-930

-885

-343

179

-

Distribution from equity method investment

-

40

-

-

-

-

-

-

-

Proceeds from disposition of cost method investment

-

600

0

-

-

-

-

-

-

Investment held in Trust Account

-

-

-

-

-

-

-

-

28,750

Interest reinvested in the Trust Account

-

-

-

-

-

-

-

-

0

Net cash used in investing activities

-30,397

-3,462

-4,334

-10,091

-12,651

-6,465

-7,235

-6,708

-28,750

Financing activities:
Borrowings of long-term debt

64,750

-

-

-

-

-

-

-

-

Repayments of long-term debt

28,517

3,244

-

-

-

-

-

-

-

Proceeds from term promissory notes

-

-

-

6,250

-

-

-

-

-

Proceeds from business loan and security agreement

-

-

1,000

-

-

-

-

-

-

Repayment of term loans

-

-

2,828

2,495

-

-

-

-

-

Proceeds from liquidating trust

-

-

-

1,197

0

-

-

-

-

Repayment of term loan

-

-

-

-

-

-

5,335

2,422

-

Repayment of notes payable

-

-

-

-

-

15

320

20

-

Repayment of capital lease

-

-

-

-

-

-

-

45

-

Proceeds from member loans

-

-

-

-

-

-

578

1,546

0

Repayment of due to related parties, long-term

-

-

-

-

-

-

5,606

1,342

-

Cash overdraft

-

-

-

-

888

-171

-318

441

-

Net proceeds from line of credit

-

-

-

-

6,000

2,078

7,175

3,650

-

Proceeds from term loan

-

-

-

-

0

1,079

0

-

-

Repayment of term loan

-

-

-

-

1,495

0

-

-

-

Repayment of equipment financing agreement

-

-

334

226

64

0

-

-

-

Repayment of business loan and security agreement

-

-

938

-

-

-

-

-

-

Debt issuance costs

2,864

-

-

-

-

-

-

-

-

Issuance of restricted stock

-

-

-

-

-

-

0

0

-

Contributions from members

-

-

-

-

-

-

520

1,629

-

Proceeds from merger

-

-

-

-

-

-

15,453

0

-

Issuance of common stock

-

1,223

2,183

-

-

-

13,251

0

28,750

Exercise of stock options

92

-

-

-

-

-

-

-

-

Tax-withholding obligation on stock based compensation

88

-

-

-

-

-

-

-

-

Proceeds from rights offering

-

-

-

3,863

0

-

-

-

-

Issuance of warrants

-

-

388

-

-

-

-

-

-

Distributions to non-controlling interests

252

163

409

253

-

-

-

-

-

Distributions to noncontrolling interest

-

-

-

-

590

977

1,383

5,189

-

Net cash used in financing activities

33,121

-2,184

-938

8,336

4,737

1,994

24,014

-1,752

28,750

Effect of exchange rate changes on cash

-332

-754

-85

-297

-191

-297

61

-12

-

Net decrease in cash and cash equivalents

10,752

44

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

630

50

-6,063

-3,776

10,637

-693

-1

Supplemental disclosure of cash flow data:
Interest paid

1,743

996

1,180

-

-

-

-

-

-

Interest paid

-

-

-

856

411

294

2,040

213

1

Income taxes paid

467

797

99

112

474

808

685

83

-

Non-cash amortization of debt issuance costs

165

19

35

-

-

-

-

-

-

Noncash property and equipment additions

-

-

-

991

721

0

-

-

-

Noncash loan discount attributable to issuance of warrant

-

-

-

-

0

-

-

-

-

Conversion of debt to equity

-

-

-

-

-

-

-

-

120

Related party advances paid directly to vendors

-

-

-

-

-

-

-

-

320

Retirement of Treasury Stock

-

-

-

-

-

-

-

-

7

Related party advances to fund expenses

-

-

-

-

-

-

-

-

149

Noncash discount on detachable warrants

-

-

-

905

-

-

-

-

-