TUCOWS INC /PA/ TCX Cash Flow

Tucows inc /pa/ (TCX)

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	Sep'10	Jun'10
Operating activities:
Net income for the period
15,433	15,398	14,057	15,198	16,190	17,135	23,896	21,990	23,624	22,327	13,945	15,246	14,075	16,067	16,345	14,763	12,978	11,373	10,137	9,669	8,731	6,374	5,437	5,340	4,580	4,180	3,687	2,728	2,837	4,424	10,049	7,236	7,105	6,170	1,198	1,604	0	0	0
Items not involving cash:
Depreciation of property and equipment
10,026	8,961	8,160	7,257	6,415	5,722	5,120	4,653	4,202	3,727	3,132	2,611	2,160	1,824	1,720	1,651	1,565	1,404	1,218	1,061	945	926	928	914	894	843	813	800	795	802	788	792	849	937	1,021	1,109	0	0	0
Loss on write off of property and equipment
-	142	0	0	0	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount and issuance costs
286	297	302	310	289	281	279	264	275	273	226	178	98	31	8	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
11,594	10,333	9,753	9,191	8,952	9,243	9,283	9,232	8,970	8,400	6,373	4,420	2,645	953	718	494	274	262	245	284	434	596	848	959	959	959	1,019	1,019	1,019	1,019	856	838	897	1,004	1,240	1,474	0	0	0
Net amortization contract costs
0	-10	-15	17	8	14	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of contingent consideration
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of indefinite life intangible asset
-	-	0	-	-	-	-	-	-	-	0	-	-	43	165	180	214	206	68	50	338	577	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	4	7	10	13	17	20	0	0	0
Change in capitalized contract costs
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes (recovery)
633	1,285	3,640	3,441	1,547	1,038	-1,067	-2,143	-4,583	-3,337	-3,566	-1,194	2,120	1,194	2,784	1,804	572	134	-1,296	-1,292	-905	-1,084	-976	-1,027	-498	-247	421	749	528	832	314	0	0	-	0	-	-	-	-
Excess tax benefits on share-based compensation expense
458	634	955	1,093	909	697	712	965	1,950	2,796	2,471	1,758	191	-859	-2,744	-2,788	-3,079	-3,431	-3,540	-3,396	-3,315	-1,888	1,306	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred rent
-	-	-	-	-	-	0	0	-	-6	0	-13	-17	-25	-39	-33	-41	-27	-20	-15	-11	-16	-18	-24	-19	-21	-23	-24	-25	-27	-56	-53	-40	-26	0	0	0	-	0
Net Right of use operating assets/Operating lease liability
181	32	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of domain names
124	115	343	282	308	341	336	339	318	291	29	25	31	30	29	27	25	24	27	35	31	26	27	26	39	52	56	63	49	50	58	51	36	34	19	14	0	0	0
Other income
-	-	-	-	-	429	300	429	515	515	514	514	515	515	472	343	214	85	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	508	0	0	0	-	-	-	-	-	-
Loss (gain) on change in the fair value of forward contracts
-153	313	10	24	-92	-207	-209	-240	-31	-17	210	231	97	323	316	197	265	-136	-191	-217	-122	-50	-154	175	-132	-496	-416	77	-52	1,100	1,468	-1,382	-944	-1,533	-1,988	2,088	0	0	0
Stock-based compensation
3,152	2,876	2,710	2,591	2,521	2,574	2,527	2,019	1,717	1,457	1,046	1,039	916	799	733	666	601	526	503	606	566	542	519	451	457	430	397	401	373	360	354	308	299	310	404	384	0	0	0
Change in non-cash operating working capital:
Accounts receivable
-324	3,015	1,228	-1,220	-660	-1,539	-2,187	-2,035	-659	-1,010	-350	1,805	2,821	3,754	3,660	1,774	942	220	869	1,127	389	1,484	2,045	1,291	1,606	892	42	710	66	533	2,794	2,435	2,518	270	-1,523	-763	0	0	0
Inventory
-814	-318	763	11	469	831	189	940	1,857	1,733	1,447	1,022	-103	307	759	665	568	442	284	71	-2	84	52	293	200	-277	0	0	0	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and deposits
-3,319	-2,904	4,161	2,958	1,151	1,286	-159	512	-1,390	1,642	2,412	2,194	4,487	1,183	1,329	749	235	1,282	267	654	321	-611	80	151	-743	-772	-769	-863	555	1,325	3,701	4,039	2,553	923	-1,033	-800	0	0	0
Prepaid domain name registry and ancillary services fees
-6,541	-7,678	-8,453	-8,863	-7,416	-20,476	-19,236	-18,091	-20,863	-4,030	-1,100	3,255	9,332	4,641	2,471	1,049	-1,295	-630	552	128	-21	331	62	-401	-666	-1,440	-1,367	-1,235	-198	1,679	11,001	12,902	9,774	4,855	-5,109	-6,920	0	0	0
Income taxes recoverable
-1,647	89	-1,099	614	-1,190	-2,691	2,210	-151	-2,499	426	-3,700	-1,839	709	-3,177	2,703	1,914	1,756	2,321	-2,653	-1,273	-1,019	75	857	-350	-481	-1,023	-853	-99	276	-233	-207	-139	-492	261	-163	-29	0	0	0
Accounts payable
-237	-1,222	-3,655	-483	-1,175	171	1,904	482	1,752	-3,826	-4,289	-2,964	-3,605	391	45	-440	682	249	224	355	-400	1,152	959	725	1,594	529	983	934	623	931	372	-210	48	-611	-579	-426	0	0	0
Accrued liabilities
-823	2,329	6,296	2,716	49	-513	-1,803	-929	-2,346	-1,275	3,665	2,103	3,525	1,243	-1,255	-266	1,299	1,691	501	1,308	391	28	1,770	719	1,492	1,390	967	525	-245	547	499	658	468	515	29	244	0	0	0
Customer deposits
-202	27	907	-1,536	-774	-3,336	-3,448	-4,304	-1,106	1,085	1,354	2,315	378	282	512	1,256	631	675	645	426	-146	-39	-2	-180	77	-454	-193	399	-65	752	362	533	558	209	151	-450	0	0	0
Deferred revenue
-6,827	-6,900	-6,860	-6,219	-4,021	-16,888	-14,699	-12,565	-14,905	4,933	7,024	10,116	14,987	6,255	3,952	2,427	-186	366	1,314	516	400	1,088	987	657	347	-982	-1,325	-1,483	-579	1,824	4,378	6,207	6,685	5,179	7,229	7,076	0	0	0
Accreditation fees payable
-62	-67	-94	-99	-189	-229	-207	-184	-126	-238	-191	-127	-22	59	29	-5	-51	-10	-9	-11	-13	-14	-19	-36	-43	-49	-50	-62	-51	-53	-36	-1	1	-4	-8	-28	0	0	0
Net cash provided by operating activities
45,463	40,381	37,853	37,852	36,627	37,209	40,622	36,690	39,067	31,896	26,882	24,869	19,296	22,509	18,262	19,776	19,453	16,777	14,724	12,954	11,853	8,877	7,762	6,412	8,248	8,704	9,073	7,646	4,679	6,343	7,004	6,382	7,203	5,885	5,078	4,636	0	0	0
Proceeds received on exercise of stock options
341	395	361	266	176	112	111	156	209	222	213	194	146	146	170	312	574	803	830	984	815	1,478	1,423	2,215	2,364	1,492	1,508	386	325	418	381	377	158	31	24	0	0	-	0
Payment of tax obligations resulting from net exercise of stock options
390	548	586	682	638	445	427	428	896	1,462	1,484	1,444	1,038	363	1,623	1,546	1,343	1,306	-1,755	-1,013	-1,013	0	2,811	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
0	-	0	-	-	-	-	-	-	-	-	-	-	7,180	12,617	22,594	18,084	23,616	18,179	9,301	8,811	1,181	1,181	82	82	6,537	6,537	8,168	9,760	9,115	0	0	0	-	-	-	-	-	0
Proceeds received on loan payable
-	57,371	47,871	42,871	0	-	-	0	-	86,998	86,997	97,987	97,987	16,989	16,989	6,000	6,000	3,500	0	0	0	-	-	-	-	5,200	5,200	5,200	5,200	4,000	6,530	0	0	-	0	-	-	-	-
Repayment of loan payable
-	8,130	8,984	13,374	19,624	19,596	19,784	19,970	18,289	19,976	15,661	20,150	15,797	9,758	9,500	437	218	0	0	5,358	5,683	6,300	6,900	2,141	2,416	2,600	2,300	1,700	1,411	1,150	1,559	2,878	3,045	2,985	2,754	1,914	0	0	0
Payment of loan payable costs
461	641	637	643	209	8	7	19	32	620	617	984	1,105	514	516	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of credit facility renegotiation costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities
12,288	43,461	35,039	30,438	19,645	-12,937	-17,609	-17,763	-19,010	65,162	69,447	75,601	75,192	-680	-8,497	-19,488	-13,484	-20,620	-12,314	-8,211	-8,891	-4,114	-4,868	2,095	1,969	-1,355	-1,073	-4,281	-5,645	-5,847	-6,309	-3,471	-2,265	-439	-210	-3,602	0	0	0
Additions to property and equipment
43,578	44,070	39,637	36,332	33,237	27,919	22,913	18,769	14,359	12,935	14,431	13,663	10,754	7,918	3,863	2,482	3,631	2,967	2,163	1,670	834	711	854	808	967	1,345	1,420	1,411	1,113	997	887	864	852	851	663	641	0	0	0
Proceeds on waiver of rights to .online registry
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	6,619	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of a portion of the minority interest in Ting Virginia, LLC (note 3(a))
-	-	-	-	-	1,200	1,200	1,200	1,200	2,000	2,000	2,000	2,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of other assets
-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of business, net of cash
-	-	-	-	-	-	-	-	-	-	76,237	76,237	76,237	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Acquisition of intangible assets
-	-	0	0	-	565	672	2,943	2,943	2,942	2,588	278	474	6,529	6,324	6,250	6,054	0	0	0	0	-	-	-	-	-	-	-	-	3	0	0	0	-	-	-	-	-	-
Proceeds on disposal of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	508	0	0	0	-	-	-	-	-	-
Net cash used in investing activities
-56,340	-76,086	-71,678	-67,448	-61,825	-29,684	-24,784	-22,911	-18,501	-94,114	-94,281	-91,204	-89,466	-14,447	-11,164	-9,708	-9,636	3,294	-4,100	-3,607	-2,821	-8,910	-854	-808	-967	-1,345	-1,420	-1,411	-1,113	-488	-378	-2,747	-2,735	-3,243	-3,055	-641	0	0	0
Increase (decrease) in cash and cash equivalents
1,411	7,756	1,214	842	-5,553	-5,412	-1,771	-3,984	1,555	2,944	2,048	9,266	5,022	7,382	-1,400	-9,421	-3,667	-548	-1,690	1,136	140	-4,147	2,039	7,699	9,250	6,003	6,580	1,953	-2,079	7	315	163	2,202	2,202	1,811	392	0	0	0
Supplemental cash flow information:
Interest paid
4,963	4,785	4,492	4,144	3,787	3,712	3,650	3,601	3,615	3,587	2,877	2,100	1,246	420	258	243	180	173	175	160	172	207	291	319	347	372	338	296	253	195	160	128	82	53	66	80	0	0	0
Income taxes paid, net
6,779	7,941	7,552	7,386	7,580	6,799	6,871	6,386	6,809	7,815	7,549	7,169	5,780	3,767	3,206	2,791	2,897	3,132	2,901	2,858	2,066	2,172	2,357	1,841	1,451	793	0	0	0	-	-	-	-	-	-	-	-	-	-
Property and equipment acquired during the period not yet paid for
1,258	548	2,481	1,872	1,456	1,462	583	387	361	214	968	871	686	447	164	137	161	217	-120	-101	-152	66	0	0	0	-	100	169	207	96	221	178	203	257	443	325	0	0	0
Fair value of shares issued for acquisition of Cedar Holdings Group
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of contingent consideration for acquisition of Cedar Holdings Group
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cedar Holdings Group, Incorporated [Member]
Acquisition of business, net of cash
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ascio Technologies, Inc. [Member]
Acquisition of business, net of cash
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-