Synacor, inc. (SYNC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-6,656

-

-3,365

-2,757

-1,565

-388

-930

-1,083

-1,073

-6,416

-2,591

-1,868

-2,056

-

-

-

27

-

-

-

1,174

Net loss

-4,525

-565

-3,725

-2,487

-2,244

-376

-2,220

-2,584

-2,375

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

2,740

2,738

3,040

2,986

2,487

2,516

2,437

2,444

2,435

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

2,596

2,224

2,184

-

2,414

2,270

2,098

2,185

1,560

1,660

1,496

-

-

-

-

-

-

-

-

-

-

-

-

Asset impairment

0

0

1,525

0

226

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,117

1,058

-

1,119

1,138

1,130

1,083

981

934

781

Stock-based compensation expense

377

432

529

324

331

353

361

537

553

562

605

676

647

667

680

687

737

763

811

799

742

841

1,226

847

681

699

683

617

562

496

520

425

558

Provision for deferred income taxes

20

-15

19

20

20

-69

-60

-80

-39

-60

-22

19

200

-

-

-

-

-

-

-

-

7,405

-1,285

-642

-709

225

-270

-210

12

994

-53

221

395

Change in allowance for doubtful accounts

4

283

43

-4

38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in estimated value of contingent consideration

-

-

-

-

-

-

-

-

-

0

0

0

107

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss in equity interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16

0

-25

-32

-234

-239

-344

-246

-247

-314

0

0

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable, net

-5,708

693

-1,730

883

-4,522

4,396

-456

-2,425

-7,517

11,079

2,678

540

-10,151

7,393

941

-3,371

-2,883

3,531

266

-2,232

-1,203

3,572

138

2,175

25

210

-987

798

-1,076

1,231

-1,114

390

781

Prepaid expenses and other assets

1,017

-467

-82

-409

432

-1,170

-591

-60

942

-1,992

1,510

-206

342

290

-584

827

1,039

1,190

-262

-404

23

283

-19

-474

577

-597

303

-204

309

-368

-413

-6

534

Stock-based compensation capitalized to property and equipment

-

-

-

-

-

-

-

-

-

18

30

49

37

44

41

71

30

25

45

36

53

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets and liabilities, net

59

-59

0

-7

-29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-27

-26

-55

-65

-101

-105

-132

57

-40

-157

-103

3

-123

Accounts payable, accrued expenses and other liabilities

-2,408

-

898

568

-4,598

-

1,904

-765

-9,821

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

1,464

639

-3,771

-

992

-1,402

2,252

-

1,130

-3,128

995

1,740

80

-3,471

1,292

2,059

-929

-230

-1,427

1,287

266

546

236

Accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

1,067

99

-3,535

-

1,260

1,751

-1,766

-

194

1,028

-1,186

951

1,011

1,682

-979

-959

23

604

-1,873

903

967

1,077

-1,232

Deferred revenue

-628

240

-444

877

-684

-1,189

-810

-1,074

-872

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

48

-

-665

-1,279

248

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-48

404

-433

20

-198

270

35

13

16

-24

37

31

33

Net cash provided by (used in) operating activities

212

-2,750

3,697

1,817

-305

1,860

2,777

963

-3,544

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

959

547

-746

4,826

5,032

4,046

753

CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-967

-

1,049

1,814

3,848

1,472

2,049

1,964

2,165

2,985

-521

-4,607

-1,166

-

-

-

-

-

-

-

-

Purchases of property and equipment

965

613

715

1,119

1,325

985

1,293

2,054

1,924

2,102

2,198

2,061

1,515

1,693

2,242

1,067

937

762

913

961

600

1,037

1,149

1,277

1,519

1,370

2,048

1,958

544

1,286

943

1,161

879

Acquisition net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-965

-613

-715

-1,119

-1,325

-985

-1,293

-2,054

-1,924

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,448

-2,458

-544

-1,286

-943

-1,161

-1,479

CASH FLOWS FROM FINANCING ACTIVITIES:
Investment of equity interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Investment in equity interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

167

60

300

245

-

-

-

-

-

-

-

-

Cash paid for business acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

600

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-1,515

-

-2,242

-1,067

-3,437

-762

-18,173

-961

-600

-1,204

-209

-1,577

-1,764

-

-

-

-

-

-

-

-

Repayments on long-term debt and finance leases

1,107

896

946

891

694

611

944

347

520

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on capital lease obligations

-

-

-

-

-

-

-

-

-

952

213

382

319

430

404

452

386

467

303

280

392

558

583

632

485

459

523

535

604

597

704

633

402

Proceeds from exercise of common stock options

0

20

0

3

37

44

238

85

18

207

1,156

478

308

816

408

326

10

0

0

65

5

6

3

33

26

16

48

31

100

290

283

80

559

Purchase of treasury stock and shares received to satisfy minimum tax withholdings

40

0

26

6

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

506

56

-

-

0

0

-

-

-

-

Deferred acquisition payments

-

-

-

-

-

-

-

-

-

0

0

733

567

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-578

-

-58

-192

-376

-597

4,637

-710

-387

-552

-580

-1,105

-515

-

-

-

-

-

-

-

-

Proceeds from initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

25,364

Initial public offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

278

2,475

Repayment on bank financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

125

125

Net cash used in financing activities

-1,147

-876

-1,032

-894

-657

-573

-706

-274

-502

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-475

-504

-504

-307

-421

-956

22,921

Effect of exchange rate changes on cash and cash equivalents

-144

-

-135

119

-140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-81

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET DECREASE IN CASH AND CASH EQUIVALENTS

-2,044

-4,266

1,815

-77

-2,427

236

731

-1,471

-6,051

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

0

6

-

-16

-8

16

-

-7

20

-28

12

5

-7

8

1

0

1

6

-

-

-

0

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-51

11,722

-3,054

-

-1,267

547

51

128

-11,494

313

1,150

1,241

-1,305

-7,296

-3,437

1,619

-2,964

-2,414

-1,788

3,235

3,651

1,938

22,195

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest

59

70

78

56

64

87

75

83

92

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

69

-

115

64

68

68

5

89

50

33

75

13

98

40

34

42

49

58

80

74

47

Cash paid for income taxes

112

132

171

155

248

519

108

79

106

336

178

202

192

-

-

-

-

56

123

1

30

-

-

-

-

2

0

92

46

25

26

56

27

SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING TRANSACTIONS:
Minimum long-term debt and finance lease payments in accounts payable

159

-

189

62

26

-

-436

276

160

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, equipment and service contracts financed under long-term debt and finance lease obligations

-

-

-

-

-

-

-

-

-

0

2,344

2,967

521

0

309

621

52

536

0

241

396

472

415

661

413

549

490

0

0

0

0

141

2,343

Liability for estimated additional contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

567

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued property and equipment expenditures

360

262

-42

93

95

135

-66

-388

596

67

-88

281

269

-236

424

-2

41

-

-

-

-

78

-1

-109

149

-

-

-

-

-

-

-

278

Stock-based compensation capitalized to property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14

-68

890

-

-

-

-

Treasury stock received to satisfy minimum withholding liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-46

52

71

-

-

-

-

-

-

-

-

-

-

-

-

Accrual for business acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

0

0

0

500

Accrued property and equipment expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-92

30

122