Lendingtree, inc. (TREE)
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'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities attributable to continuing operations:
Net Income (Loss) Available to Common Stockholders, Basic

14,401

1,858

4,264

12,218

-512

-3,300

25,728

42,547

31,524

-7,726

9,120

7,318

6,866

7,324

6,616

7,852

5,702

32,050

6,088

4,722

5,187

15,637

381

-248

-6,408

-202

-213

7,079

-2,717

2,319

4,382

25,775

14,149

1,182

13,315

-34,505

-39,495

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

-4,575

392

-20,199

-763

-1,062

-3,551

-2,634

-2,302

-4,333

-1,208

-1,011

-689

-932

-697

-664

-1,150

-1,203

-31

-1,295

-1,717

-226

13,528

-174

-2,931

-574

-1,519

-529

9,112

-2,444

-184

4,112

27,528

17,418

6,284

16,720

-9,389

-23,408

Net income from continuing operations

18,976

1,466

24,463

12,981

550

251

28,362

44,849

35,857

-6,518

10,131

8,007

7,798

8,021

7,280

9,002

6,905

32,081

7,383

6,439

5,413

2,109

555

2,683

-5,834

1,317

316

-2,033

-273

2,503

270

-1,753

-3,269

-5,102

-3,405

-25,116

-16,087

Adjustments to reconcile income from continuing operations to net cash provided by operating activities attributable to continuing operations:
Loss on impairments and disposal of assets

-530

-424

-610

2,197

-468

-224

-97

-1,797

-92

-167

-364

-36

-273

-252

-121

-140

-127

-646

-64

-10

-28

-45

-185

-52

0

-140

-1

0

-24

-403

-284

0

-60

-

-

-

-

Amortization of intangibles

13,757

13,756

13,778

14,280

13,427

9,840

5,701

3,964

3,963

3,958

3,817

2,608

2,609

980

166

72

25

25

25

37

62

40

41

27

28

28

33

43

43

44

101

106

107

104

213

267

307

Depreciation

3,378

3,261

2,696

2,559

2,482

2,186

1,895

1,633

1,671

1,776

1,798

1,808

1,703

1,486

1,286

1,174

998

873

764

717

654

704

840

946

755

853

891

872

885

901

934

1,046

1,224

1,346

1,393

1,225

1,059

Rental amortization of intangibles and depreciation

-

-

-

-

-

76

158

194

202

463

486

263

262

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash compensation expense

11,917

11,335

10,797

15,982

14,053

9,981

12,097

11,178

11,109

10,293

7,938

2,900

2,230

2,237

2,348

2,429

2,633

2,137

1,978

2,057

2,336

2,587

1,786

1,457

1,616

1,349

1,412

1,433

1,433

1,022

1,309

1,072

1,184

1,046

823

788

1,120

Deferred income taxes

-3,061

2,977

2,092

-5,872

-7,752

534

-8,238

-30,416

-25,781

-799

748

-3,012

-3,307

6,034

1,114

-781

0

-

-

-

-

109

-2

0

-1

163

-99

-18

18

-226

58

0

76

593

-457

-11,936

249

Change in fair value of contingent consideration

-8,122

7,181

3,839

2,790

14,592

9,591

2,105

-167

-741

3,291

2,501

9,393

8,746

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based award activity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

277

91

117

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

880

-168

583

772

510

-42

409

457

56

-206

305

-61

157

137

-9

132

255

101

60

-3

179

76

-13

-43

186

250

-75

44

29

0

4

-3

-5

23

13

14

5

Amortization of debt issuance costs

582

511

493

487

483

468

443

431

434

410

391

170

61

62

61

61

61

47

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of convertible debt discount

3,100

3,000

3,100

2,900

3,000

2,897

2,900

2,800

2,800

2,765

2,726

909

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ROU asset amortization, offset by change in lease liabilities

-196

-

-

-

35

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in current assets and liabilities:
Accounts receivable

6,952

-27,573

1,634

20,862

27,534

-6,567

-3,454

15,460

11,381

-10,890

12,219

-1,080

11,132

-204

-3,557

4,974

7,148

4,793

4,724

917

6,164

-128

543

-156

969

-1,587

-1,670

4,786

2,085

1,073

3,010

1,762

166

53

-1,626

945

2,592

Prepaid and other current assets

1,430

2,393

675

-17

207

15

2,183

272

515

288

4,747

54

269

-493

370

528

1,153

118

591

-126

291

-421

106

-177

576

-486

747

-2,439

2,348

-219

-171

-359

129

26

264

-1,766

1,624

Accounts payable, accrued expenses and other current liabilities

-3,271

-13,369

-17,145

22,539

5,653

22,180

-3,940

-1,946

-2,024

11,747

2,509

10,766

6,086

4,774

1,708

-4,619

2,906

-1,583

10,822

1,586

2,864

911

-3,953

-3,389

4,496

857

-941

8,761

-2,520

-3,631

3,541

-2,312

-3,721

-4,761

-6,877

471

6,791

Current contingent consideration

0

9,500

6,000

-4,000

1,000

12

43,800

-21,900

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes receivable

65

35

125

100

4,288

-554

1,701

430

2,092

295

125

-3,667

2,143

124

6,436

2,063

4,762

5,787

258

-174

376

164

0

-82

658

-40

0

-140

-430

560

197

-752

-103

-251

-30

-25

-3

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6

-

-281

1,255

12

-40

135

-176

-55

Other, net

862

96

349

-87

-270

454

-28

7

158

-136

14

106

176

-525

-272

-373

0

-

-

-

-

-4

0

46

115

147

136

135

186

152

1,294

-941

57

-499

-793

169

-364

Net cash provided by operating activities attributable to continuing operations

29,302

46,294

43,005

44,606

23,269

63,721

44,963

-2,411

17,675

38,455

16,859

31,040

17,184

25,329

23,970

4,544

10,371

6,089

15,894

9,862

5,340

8,103

-1,210

1,938

244

6,843

2,325

6,486

-5,416

-416

2,284

-1,803

-4,787

-7,173

-5,938

-4,475

-10,466

Cash flows from investing activities attributable to continuing operations:
Capital expenditures

4,189

4,890

5,382

4,809

4,960

4,267

3,893

3,291

3,456

2,115

2,314

1,715

1,896

23,938

1,565

4,298

2,154

2,972

1,558

1,553

1,154

859

958

970

1,069

696

837

630

587

586

587

853

606

630

1,342

1,871

2,267

Equity investment

80,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-37

0

0

37

-540

10

530

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of other businesses

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

3

-2,457

-12,080

-1

6

-100

-3,157

-170

-2,019

-1,954

-1

-4,048

1,038

-386

-

-

-

-

-

-

-

-

Other investing activities

-

-

-

-

-

-

-13

-33

34

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,246

2,401

-

-

-

10

Net cash used in investing activities attributable to continuing operations

-84,189

-4,873

-5,349

19,567

-110,405

-303,245

-61,352

-14,941

-3,500

-2,113

-15,296

-55,130

-1,896

-109,600

-1,569

-8,801

303

9,108

-1,557

-1,559

-1,091

2,098

-798

519

885

-695

3,211

-1,668

-201

2,376

13

-3,099

-3,007

-1,123

-1,364

-3,327

-2,277

Cash flows from financing activities attributable to continuing operations:
Payments related to net-share settlement of stock-based compensation, net of proceeds from exercise of stock options

-5,087

1,053

-1,813

-4,061

-3,585

-1,019

2,341

-1,162

2,057

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-514

47

479

-827

-12

-49

-926

25

Payments Related to Tax Withholding for Share-based Compensation

-

-

-

-

-

-

-

-

-

-

-

-

95

-

285

223

2,585

-

833

3,682

1,612

-

379

360

2,877

-

416

802

671

-

-

-

-

-

-

-

-

Payment for Contingent Consideration Liability, Financing Activities

3,000

18,275

0

0

3,000

988

1,000

2,100

23,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from revolving credit facility

55,000

-

-

-70,000

60,000

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of equity offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-23

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

306

-

-

0

31

-

-

8

76

1,222

692

8,572

0

0

0

0

8

1,215

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based award activity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

277

91

117

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

0

1,184

310

0

3,976

36,686

9,917

35,002

12,099

9,900

10,001

0

0

0

434

7,591

40,499

0

0

0

218

63

1,077

1,470

0

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities

-6

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

29

4

72

33

56

59

81

41

99

-284

0

-

-

-

-

-

-

-

-

Total cash used in continuing operations

-8,286

10,522

5,530

-9,888

-37,728

-154,199

-24,981

-55,624

-19,443

25,757

-9,339

250,617

15,193

-85,263

21,682

-12,071

-32,441

103,470

13,752

4,708

2,464

8,909

-3,520

568

-1,829

5,190

3,152

2,848

-6,288

-13,452

2,113

-402

-8,621

-7,308

-9,976

-9,428

-12,718

Net Cash Provided by (Used in) Financing Activities

46,601

-30,899

-32,126

-74,061

49,408

85,325

-8,592

-38,272

-33,618

-10,585

-10,902

274,707

-95

-992

-719

-7,814

-43,115

88,273

-585

-3,595

-1,785

-1,292

-1,512

-1,889

-2,958

-958

-2,384

-1,970

-671

-15,412

-184

4,500

-827

988

-2,674

-1,626

25

Discontinued operations:
Net cash used in operating activities attributable to discontinued operations

-752

-939

-6,164

-3,325

-2,827

-5,884

-3,128

-1,580

-2,644

-2,442

-1,060

-414

-891

-2,983

-4,368

-2,544

-308

-2,746

-468

-277

-140

-6,328

-467

-2,449

-339

-1,275

-683

-891

-576

3,862

-2,939

154,403

71,421

-23,406

-41,500

-57,297

40,480

Net cash provided by investing activities attributable to discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-3,728

23,585

6,066

10,149

-99

-301

-8,910

Net cash used in financing activities attributable to discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-348

-141,857

-55,454

55,775

27,629

47,783

-34,151

Total cash used in discontinued operations

-752

-939

-6,164

-3,325

-2,827

-5,884

-3,128

-1,580

-2,644

-2,442

-1,060

-414

-891

-2,983

-4,368

-2,544

-308

-2,746

-468

-277

-140

-6,328

-467

-2,449

-339

-1,275

-683

9,109

-576

3,862

-7,015

36,131

22,033

42,518

-13,970

-9,815

-2,581

Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents

-9,038

9,583

-634

-13,213

-40,555

-160,083

-28,109

-57,204

-22,087

23,315

-10,399

250,203

14,302

-88,246

17,314

-14,615

-32,749

100,724

13,284

4,431

2,324

2,581

-3,987

-1,881

-2,168

3,915

2,469

11,957

-6,864

-9,590

-4,902

35,729

13,412

35,210

-23,946

-19,243

-15,299

Supplemental Cash Flow Elements [Abstract]
Non-cash investing activities:
Capital additions from tenant improvement allowance

0

-379

379

259

852

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

QuoteWizard
Change in fair value of contingent consideration

-8,262

5,900

4,300

2,541

14,359

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Ovation
Change in fair value of contingent consideration

141

-

-

-

-648

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SnapCap
Change in fair value of contingent consideration

-1

400

300

-92

1,592

-

-

-

2,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to acquire businesses

-

-

-

-

-

0

0

0

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

DepositAccounts
Change in fair value of contingent consideration

-

-

-

-

-

-

-

-

900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ValuePenguin
Acquisition of businesses, net of cash acquired

0

0

0

133

105,445

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-