Urban one, inc. (UONE)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income

2,057

138,605

112,462

716

-66,134

-42,740

-43,510

-54,116

12,903

-26,625

-48,558

Adjustments to reconcile consolidated net income to net cash from operating activities:
Depreciation and amortization

16,985

33,189

34,016

34,247

35,355

36,822

37,870

38,777

37,142

17,385

20,964

Amortization of debt financing costs

3,895

2,885

3,611

5,272

4,901

4,623

5,347

3,073

3,750

2,970

2,419

Amortization of content assets

48,283

43,796

-

-

-

-

-

-

-

-

-

Amortization of content assets

-

-

44,219

52,511

50,858

47,086

50,412

47,328

31,539

0

0

Amortization of launch assets

1,027

422

432

142

2,645

9,913

9,967

9,961

0

0

-

Amortization of right of use assets

6,991

0

-

-

-

-

-

-

-

-

-

Write off of debt financing costs

-

-

-

-

-

-

-

-

-

3,055

0

Deferred income taxes

10,269

-135,688

-124,141

9,114

14,486

34,256

27,308

34,728

64,151

1,311

1,996

Non-cash interest expense

2,033

0

-

-

-

-

-

-

-

-

-

Non-cash lease liability expense

5,682

0

-

-

-

-

-

-

-

-

-

Gain on investment in affiliated company

-

-

-

-

-

-

-

-

146,879

0

-

Gain on investment in affiliated company

-

-

-

-

-

-

-

-

-

-

0

Impairment of long-lived assets

10,600

21,256

29,148

1,287

41,211

0

14,880

313

22,331

36,063

65,937

Equity in income of affiliated company

-

-

-

-

-

-

-

-

3,287

5,558

3,653

Stock-based compensation

4,784

4,711

4,647

3,410

5,107

1,594

191

171

5,146

5,799

1,649

Non-cash interest

-

-

-

-

-

-

-

15,089

26,023

0

0

Loss on retirement of debt

0

-1,809

-5,219

2,646

-7,091

-5,679

0

0

-7,743

6,646

1,221

Gain on sale-leaseback

-

-

14,411

0

-

-

-

-

-

-

-

Effect of change in operating assets and liabilities, net of assets acquired and disposed of:
Amortization of contract inducement and termination fee

-

-

-

-

-

-

-

-

-

-

1,263

Trade accounts receivable

-4,206

1,411

7,245

-833

8,758

-1,897

16,340

-1,931

-2,974

11,398

-2,431

Prepaid expenses and other current assets

4,280

1,806

1,686

1,894

779

1,426

1,482

-1,300

-3,245

3,442

-356

Other assets

5,695

-788

-1,068

-572

-1,267

-943

-145

-340

-3,843

-7,122

-4,824

Accounts payable

-1,412

-796

572

-909

1,862

-691

1,859

-216

-2,823

-1,153

840

Accrued interest

2,207

-8,541

-1,263

-675

5,140

6,395

-18

-854

2,145

-4,941

-584

Accrued compensation and related benefits

-4,130

6,385

-6,551

2,270

4,200

-5,226

2,790

184

-1,640

474

-146

Income taxes payable

-

-

-

-

79

-572

893

-1,794

123

138

1,502

Other liabilities

453

-9,900

2,895

6,238

10,639

1,123

150

4,363

-13,788

3,416

-2,751

Payments for content assets

45,450

45,475

-

-

-

-

-

-

-

-

-

Payments for content assets

-

-

52,837

61,181

66,748

45,756

52,596

54,984

23,412

0

0

Payment of launch support

0

0

-1,848

-1,058

-670

0

0

-

-

-

-

Net cash flows used in operating activities from discontinued operations

-

-

-

-

-

-

-837

-147

377

-134

701

Net cash flows provided by operating activities

58,505

50,229

28,307

48,249

41,752

53,920

37,029

45,447

31,606

17,836

45,443

Purchases of property and equipment

5,145

4,428

7,445

5,164

7,339

5,537

9,194

12,485

9,445

4,322

4,528

Cost method investment

-

-

-

35,000

5,000

0

0

-

-

-

-

Purchase of additional membership interest in TV One

-

-

-

-

209,855

0

0

-

-

-

-

Purchase of Reach Media shares

-

-

-

-

-

-

-

2,000

-

-

-

Payment of launch support

-

-

-

-

-

-

-

54

0

0

-

Proceeds from sale of radio station

13,500

12,791

2,000

0

0

225

0

0

-

-

-

Proceeds from sale-leaseback

-

-

25,000

0

-

-

-

-

-

-

-

Proceeds from sales of investment securities

-

-

-

-

3,524

482

1,665

9,122

0

0

-

Purchases of investment securities

-

-

-

-

591

930

2,544

2,627

0

0

-

Purchases of intangible assets

0

400

0

-

0

200

0

0

-

342

343

Acquisition of digital assets

-

-

5,000

0

-

-

-

-

-

-

-

Acquisition of station and broadcasting assets

0

4,763

2,000

2,000

-

-

-

-

-65,245

0

0

Proceeds from sale of discontinued operations

-

-

-

-

-

-

4,000

0

0

-

-

Cash paid for acquisitions

-

-

-

-

0

9,140

0

0

0

0

-

Net cash flows provided by investing activities

8,355

3,200

12,555

-42,164

-219,261

-15,100

-6,073

-8,044

55,800

-4,664

-4,871

CASH FLOWS FROM FINANCING ACTIVITIES:
Premium paid on repayment of senior subordinated notes

-

-

-

-

-

-

-

0

-

-

-

Proceeds from 2017 Credit Facility

-

-

-

-

350,000

335,000

0

0

-

-

-

Proceeds from 2015 Credit Facility

-

-

-

-

350,000

0

0

-

-

-

-

Proceeds from 2018 Credit Facility

-

-

-

-

-

-

-

-

378,280

342,000

116,500

Proceeds from MGM National Harbor Loan

0

50,000

0

-

-

-

-

-

-

-

-

Repayment of Comcast Note

11,872

0

-

-

-

-

-

-

-

-

-

Debt refinancing costs and original issue discount

0

7,387

8,860

421

23,480

4,685

0

2,557

6,253

19,750

-1,658

Distribution of contingent consideration

658

1,148

0

-

-

-

-

-

-

-

-

Repurchase of noncontrolling interests of TV One

-

-

-

-

-

-

-

-

54,595

0

0

Proceeds from noncontrolling interest member

-

-

-

-

-

-

-

-

2,776

0

0

Payment of dividends to noncontrolling interest shareholders of Reach Media

-

-

-

-

-

-

-

-

1,511

2,844

-

Payment of dividends to noncontrolling interest members of TV One

-

-

-

-

5,883

24,643

21,479

7,741

12,306

0

-

Payment of dividends to noncontrolling interest members of Reach Media

-

-

-

2,001

2,001

0

0

-

-

-

-

Repayment of TV One senior secured notes

-

-

-

-

119,000

0

0

-

-

-

-

Proceeds from exercise of stock options

29

94

0

-

0

125

0

0

-

-

-

Premium paid on repayment of long-term debt

0

-2,133

0

-

827

1,554

0

-

-

-

-

Proceeds from issuance of senior subordinated notes

-

-

-

-

-

-

-

-

-

286,794

0

Repayment of 2020 Notes

2,037

271,855

38,639

17,174

0

0

747

0

0

290,800

-1,220

Payment of dividends to noncontrolling interest members of Reach Media

1,000

2,227

0

-

-

-

-

-

-

-

-

Repayment of share-based equity awards

0

1,077

-

-

-

-

-

-

-

-

-

Repurchase of share-based equity awards

-

-

0

-

-

-

-

-

-

-

-

Repayment of senior subordinated notes

-

-

-

-

0

327,034

-

-

-

-

-

Repayment of Credit Facility

-

-

-

-

370,282

4,924

3,840

5,789

356,576

339,343

-136,670

Repayment of other debt

-

-

-

-

-

-

-

-

1,000

0

-153

Repurchase of common stock

5,515

8,168

4,958

3,584

1,423

0

5,469

0

9,474

0

-19,697

Net cash flows used in financing activities

-49,204

-75,350

-49,832

-26,680

177,104

-27,715

-31,535

-16,087

-60,659

-23,943

-42,898

INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

17,656

-21,921

-8,970

-20,595

-

-

-

-

-

-

-

INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

-

-

-

-

-405

11,105

-

-

-

-

-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-579

21,316

26,747

-10,771

-2,326

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for: Interest

73,255

82,258

77,073

77,038

-

-

-

-

-

-

-

Interest

-

-

-

-

69,934

68,536

83,612

73,307

56,072

48,805

36,568

Cash paid for: Income taxes, net of refunds

136

1,158

540

475

346

1,016

513

805

2,437

2,560

3,639

NON-CASH OPERATING, FINANCING AND INVESTING ACTIVITIES:
Right of use asset additions upon adoption of ASC 842

49,803

0

-

-

-

-

-

-

-

-

-

Lease liability additions upon adoption of ASC 842

54,113

0

-

-

-

-

-

-

-

-

-

Right of use asset and lease liability additions

1,300

0

-

-

-

-

-

-

-

-

-

Issuance of common stock

2,108

0

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

0

329

0

-

-

-

-

-

-

-

-

Note payable incurred as part of purchase of additional membership interest in TV One

-

-

-

-

11,872

0

0

-

-

-

-

2018 Credit Facility [Member]
Proceeds from 2018 Credit Facility

0

192,000

0

-

-

-

-

-

-

-

-

Repayment of Credit Facility

24,854

0

-

-

-

-

-

-

-

-

-

2017 Credit Facility [Member]
Proceeds from Credit Facility

-

-

350,000

-

-

-

-

-

-

-

-

Repayment of Credit Facility

3,297

23,449

2,625

-

-

-

-

-

-

-

-

2015 Credit Facility [Member]
Repayment of credit facility

-

-

344,750

-

-

-

-

-

-

-

-