Urban one, inc. (UONEK)
CashFlow / Quarterly
Dec'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:
Consolidated net income

-7,788

5,687

7,137

-2,979

113,856

23,375

23,896

-22,522

121,627

-7,818

1,010

-2,357

-3,487

-20

7,749

-3,526

-23,806

-17,631

-12,674

-12,023

-8,272

-8,758

-5,408

-20,302

-13,639

-8,904

-8,552

-12,415

-15,141

-10,255

46,465

-75,185

-16,927

-7,395

101,267

-64,042

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

2,534

2,593

3,584

8,274

8,320

8,333

8,248

8,288

8,468

8,804

8,432

8,312

8,524

8,469

8,572

8,682

9,010

8,277

8,980

9,088

9,137

9,179

9,236

9,270

9,270

9,571

9,478

9,551

9,616

9,734

9,742

9,685

11,317

11,504

10,237

4,084

Amortization of debt financing costs

1,002

986

964

943

734

718

718

715

711

718

816

1,366

1,348

1,330

1,312

1,282

1,266

1,248

1,223

1,164

1,133

1,124

1,110

1,256

1,354

1,343

1,333

1,317

792

761

760

760

710

701

748

1,591

Amortization of content assets

14,116

11,100

11,308

11,759

11,481

10,474

10,574

11,267

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of content assets

-

-

-

-

-

-

-

-

8,751

13,406

10,883

11,179

16,435

12,672

9,920

13,484

14,588

13,049

10,622

12,599

12,535

12,868

9,883

11,800

15,779

14,695

11,142

8,796

18,759

10,329

9,919

8,321

10,975

11,158

9,406

0

Amortization of launch assets

255

257

258

257

105

106

106

105

108

108

165

51

81

21

20

20

595

593

577

880

2,467

2,462

2,492

2,492

2,492

2,492

2,492

2,491

2,493

2,489

2,490

2,489

-

-

-

-

Amortization of launch assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred income taxes

1,395

6,332

3,115

-573

-124,956

-8,058

-15,531

12,857

-118,181

-5,943

139

-156

5,008

3,895

-1,460

1,671

-8,126

4,343

9,739

8,530

8,345

8,869

8,537

8,505

8,683

7,624

4,397

6,604

8,888

8,609

-48,351

65,582

-15,786

-4,293

39,188

45,042

Non-cash interest expense

520

526

504

483

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of long-lived assets

6,800

0

3,800

0

14,700

0

0

6,556

0

16,392

12,756

0

-

-

-

-

-

-

-

-

-

-

-

-

0

3,710

9,800

1,370

0

0

313

0

-

-

-

-

Equity in income of affiliated company

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

208

3,079

Stock-based compensation

2,192

1,881

200

511

1,076

1,133

1,126

1,376

2,701

1,655

158

133

1,091

782

765

772

1,312

1,016

1,198

1,581

1,423

61

65

45

46

55

47

43

44

37

46

44

2,251

759

1,199

937

Non-cash interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

834

7,197

7,038

6,900

6,732

5,871

6,520

Loss on retirement of debt

0

0

0

0

-2,794

120

626

239

1,174

690

-7,083

0

-

-

-

-

-

-

-

-

0

0

0

-5,679

0

0

0

0

-

-

-

-

-15,486

0

15,486

-7,743

Effect of change in operating assets and liabilities, net of assets acquired and disposed of:
Trade accounts receivable

3,052

-2,829

4,826

-9,255

6,708

5,316

2,802

-13,415

1,099

3,729

2,272

145

2,958

-5,437

6,185

-4,539

4,855

1,946

2,935

-978

2,229

-20

-1,965

-2,141

780

2,267

11,489

1,804

-7,275

1,153

7,746

-3,555

-30,831

3,103

35,976

-11,222

Prepaid expenses and other current assets

1,713

1,475

-2,610

3,702

1,705

1,686

-3,366

1,781

464

3,345

-5,149

3,026

1,599

1,299

-2,106

1,102

1,841

1,409

-8,522

6,051

2,172

828

-107

-1,467

1,304

1,770

-4,811

3,219

1,058

1,470

-2,314

-1,514

-2,088

1,556

-95

-2,618

Other assets

6,609

-908

-1,007

1,001

-1,960

-375

1,555

-8

848

1,799

-2,548

-1,167

-360

-249

62

-25

-494

0

-305

-468

460

-144

-1,100

-159

-198

967

-872

-42

-733

659

-3,275

3,009

-441

-1,477

-1,827

-98

Accounts payable

660

-1,971

-331

230

1,598

-2,163

300

-531

756

1,576

-1,430

-330

2,552

-920

-2,743

202

4,841

-2,131

-1,803

955

-1,263

1,012

-392

-48

-821

-334

1,892

1,122

-4,777

4,080

-2,129

2,610

-7,094

2,632

3,008

-1,369

Accrued interest

-5,522

7,062

-5,528

6,195

-8,705

760

-713

117

-300

-948

856

-871

805

-818

629

-1,291

1,434

-4,738

16,191

-7,747

7,746

-8,177

7,721

-895

0

-158

-80

220

-145

66

-896

121

224

117

1,379

425

Accrued compensation and related benefits

2,408

569

781

-7,888

5,214

-165

1,228

108

-234

-388

307

-6,236

3,599

1,094

991

-3,414

1,185

1,617

1,765

-367

-832

266

978

-5,638

3,171

1,335

483

-2,199

-131

361

-650

604

-1,932

420

1,081

-1,209

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

208

64

-243

-601

893

0

-56

56

-1,037

111

-437

-431

-480

360

-339

582

Other liabilities

-3,604

-2,718

-2,528

9,303

-4,646

-3,961

-4,203

2,910

1,865

1,515

-4,072

3,587

-534

3,997

-2,955

5,730

8,634

3,088

-6,479

5,396

4,127

-571

-599

-1,834

1,448

-447

-1,989

1,138

1,712

1,306

1,820

-475

-20,029

7,788

1,927

-3,474

Payments for content assets

8,810

11,717

10,111

14,812

9,059

13,467

12,304

10,645

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for content assets

-

-

-

-

-

-

-

-

14,154

11,484

11,860

15,339

14,290

12,445

17,536

16,910

-

-

14,670

14,975

8,362

12,600

12,399

12,395

12,207

8,659

19,279

12,451

11,366

14,486

18,418

10,714

10,651

10,416

2,345

0

Net cash flows used in operating activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-29

233

-183

-858

-417

311

-17

-24

87

-326

594

22

Net cash flows provided by operating activities

7,457

22,849

11,944

16,255

6,059

10,338

11,828

22,004

8,533

8,030

14,409

-2,665

13,626

22,444

2,015

10,164

-

-

-

476

23,531

5,135

24,153

1,101

14,554

17,552

5,119

-196

16,260

11,005

5,697

12,485

15,256

16,559

-7,920

7,711

Purchases of property and equipment

1,198

1,837

1,403

707

709

1,641

1,164

914

2,962

964

2,060

1,459

1,143

1,644

1,128

1,249

1,334

1,495

1,586

2,924

922

1,259

1,684

1,672

2,025

1,311

3,638

2,220

2,950

2,823

3,752

2,960

4,035

1,800

1,798

1,812

Proceeds from sale of radio station

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

225

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sales of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

489

3,035

0

456

3

23

612

300

250

503

2,836

719

1,708

3,859

-

-

-

0

Purchases of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-11

602

21

8

-79

980

105

309

299

1,831

1,998

99

182

348

-

-

-

0

Acquisition of station and broadcasting assets

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,000

-

0

0

0

-

0

0

7,140

-

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,000

-

-

-

-

-

-

-

-

Proceeds from sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Net cash flows provided by investing activities

-1,198

11,663

-1,403

-707

-1,109

6,387

-1,164

-914

-2,962

1,036

15,940

-1,459

-36,143

-1,644

-1,128

-3,249

-

-

-

-491

-3,143

-811

-1,602

-9,544

-1,518

-1,320

-3,687

452

-4,166

-2,203

-2,226

551

-4,035

-1,800

63,447

-1,812

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,554

-

0

0

0

-

-

-

-

-

-

-

-

Proceeds from 2017 Credit Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

335,000

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from 2018 Credit Facility

-

-9,000

6,000

3,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

378,280

Repayment of Comcast Note

0

0

0

11,872

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt refinancing costs and original issue discount

-

-

-

-

-

-

-

-

-

-

-

-

0

18

303

100

0

0

23,057

423

213

0

0

4,472

-33

10

0

23

2,539

1

4

13

56

198

126

5,873

Distribution of contingent consideration

0

9

370

279

396

246

311

195

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of dividends to noncontrolling interest members of TV One

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

144

0

392

5,347

6,517

8,295

6,422

3,409

3,751

5,956

3,943

7,829

0

1,961

1,667

4,113

-

-

-

-

Proceeds from exercise of stock options

0

0

0

29

9

0

85

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of 2020 Notes

0

0

0

2,037

242,963

4,863

13,241

10,788

19,270

19,369

0

0

-

-

-

-

-

-

-

-

-327,034

0

0

327,034

0

0

0

747

0

0

0

0

-

-

-

-

Payment of dividends to noncontrolling interest members of Reach Media

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Repayment of Credit Facility

-

-

-

-

-

-

-

-

-

-

-

875

-

-

-

875

875

875

367,575

957

957

968

2,039

960

959

960

961

960

960

940

2,924

965

965

1,930

0

353,681

Repurchase of common stock

192

1,014

1,861

2,448

2,038

1,562

1,617

2,951

562

1,363

2,118

915

0

1,864

1,071

649

0

0

1,423

0

-

-

-

-

0

1,212

2,731

1,526

0

0

0

0

-

-

-

-

Net cash flows used in financing activities

-4,616

-17,940

-1,655

-24,993

-35,158

-7,546

-17,837

-14,809

-20,707

-21,607

-5,728

-1,790

-2,876

-2,757

-19,423

-1,624

-

-

-

-6,727

-7,687

-9,263

-8,336

-2,429

-4,677

-8,138

-7,635

-11,085

-3,499

-2,902

-4,595

-5,091

-8,453

-11,477

-59,455

18,726

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

1,643

16,572

8,886

-9,445

-30,208

9,179

-7,173

6,281

-15,136

-12,541

24,621

-5,914

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-18,536

5,291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,309

-572

-6,742

-

-4,939

14,215

-10,872

8,359

8,094

-6,203

-10,829

8,595

5,900

-1,124

7,945

2,768

3,282

-3,928

24,625

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

23,743

11,676

24,636

13,200

27,150

17,509

19,152

18,447

18,863

20,168

18,190

19,852

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,590

20,646

17,721

23,843

2,606

25,764

10,399

26,340

10,359

21,438

20,968

20,909

21,025

20,710

21,290

21,002

15,525

15,490

15,574

15,168

14,533

10,797

Cash paid for: Income taxes, net of refunds

-322

-16

383

91

-131

48

493

748

-89

66

396

167

-21

39

352

105

13

3

276

54

14

117

312

573

210

222

73

8

187

271

287

60

-

-

-

-

NON-CASH OPERATING, FINANCING AND INVESTING ACTIVITIES:
Issuance of common stock

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6

2018 Credit Facility [Member]
Repayment of Credit Facility

3,600

7,092

3,600

10,562

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2017 Credit Facility [Member]
Repayment of Credit Facility

824

825

824

824

20,824

875

875

875

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock

-

-

0

1,609

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-