USA TECHNOLOGIES INC USAT Cash Flow

Usa technologies inc (USAT)

CashFlow / Quarterly

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	Dec'10	Sep'10
OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent
-8,378	-11,508	-9,850	-4,306	-10,438	-5,288	-1,696	-3,223	-4,194	-2,171	-5,370	136	233	-2,464	-872	-5,420	-874	360	-200	-567	-261	-61	-38	26,866	409	293	1,677	-1,015	153	39	-2,772	-538	-1,821	-78	-	-	-	-
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Non-cash stock based compensation
1,742	290	357	421	557	415	370	440	575	409	536	233	234	211	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,886
Charges incurred in connection with the vesting and issuance of common stock and common stock options for employee and director compensation
-	-	-	-	-	-	-	-	-	-	-	233	233	-	-	142	237	272	-	216	186	139	280	60	104	84	-	149	94	125	271	83	187	240	293	0	0	8
Stock based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-6	61
Gain (Loss) on Disposition of Property Plant Equipment
-56	15	-711	10	36	-7	32	19	62	18	-	28	31	-	110	15	41	1	4	6	4	3	3	2	5	-14	-	14	3	-	-	-	-12	-	-106	0	0	-10
Amortization of deferred financing fees
-	-	-	-	-	-	-	-	-	-	-	72	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest and amortization of debt discount
394	338	15	241	23	22	22	24	77	17	15	72	-79	105	-	-	-	-	-	-	-	-	-	0	0	2	-	26	-	-	-	-	-	-	-	-	-	-
Amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	258	258
Bad debt expense
972	-110	997	229	799	509	-39	128	214	168	-19	127	352	97	470	506	238	236	496	302	141	159	67	-11	51	26	61	-1	15	-6	-2	-3	-19	-22	89	-23	17	8
Provision for inventory reserve
-1,088	574	473	1,488	999	212	106	270	870	221	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
1,837	1,656	1,605	1,927	1,997	1,975	2,243	2,308	1,908	1,370	1,277	1,515	1,863	1,301	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash lease expense
530	491	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
-	-	-	-	-	-	-	-	-	-	-	1,165	1,220	-	-	1,190	1,323	1,350	-	1,433	1,444	1,473	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,413	1,278	1,218	-	1,003	904	834	695	631	552	563	480	468	338	266
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	45	43	-	-	44	-	-	-	-	-	-	0	0	0	21	185	185	185	185	222	258	258	258	-	-	-	-
Change In Fair Value Of Warrant Liabilities
-	-	-	-	-	-	-	-	-	-	0	0	0	-1,490	18	-4,805	-1,230	343	263	-1,101	135	310	53	-168	-37	219	1,517	-1,308	-403	463	-169	95	151	1,736	-	-	-	-
Excess tax benefits
-	-	-	-	-	-	0	0	0	67	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
5	5	-	-	5	4	-29	5	-175	16	-177	209	145	-115	-748	-93	154	27	31	121	424	-361	-587	-26,727	6	6	-	6	-	-	-	-	-	-	-	-	-	-
Recognition of deferred gain from sale-leaseback transactions
-	-	-	-	-	-	-	-	-	-	-	216	215	215	215	215	215	215	215	216	215	188	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for deferred tax liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	-6	-	-	-	0	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
1,153	-3,286	2,418	10,620	-7,995	3,663	-3,730	4,632	2,183	3,149	150	41	1,309	1,038	-1,695	1,660	448	-38	718	984	842	-5	783	470	-344	-705	310	1,212	-1,195	-81	307	484	154	-187	134	305	-618	-143
Finance receivables, net
536	454	487	73	-300	409	5,974	-870	1,836	-9,168	8,720	4,232	-2,125	5	1,305	366	-214	583	332	2,248	778	756	39	-27	-104	38	29	-22	6	-30	-16	44	-9	43	67	-72	15	-111
Inventory, net
767	-1,232	258	5,633	1,423	-1,707	-4,116	162	3,715	3,900	2,420	-647	467	2,223	82	-250	-649	-219	639	-651	805	1,138	-31	-214	-45	-78	-31	-603	1,249	-1,331	-721	-108	832	-160	-2,703	198	1,579	961
Prepaid expenses and other assets
-1	412	-1,150	-43	1,368	220	-22	-357	-101	103	-559	-136	318	224	397	160	254	-48	97	-152	248	111	128	-52	63	51	-452	-59	87	-79	-722	153	186	-48	240	91	-314	-132
Accounts payable and accrued expenses
-3,291	5,290	4,875	7,259	-2,430	-8,665	1,678	7,551	9,194	-1,490	7,612	3,962	475	-3,175	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
-377	-399	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-19	-33	184	-115	9	-210	0	-219	399	171	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	2,441	397	-	1,593	4,154	-1,623	-1,044	3,042	-141	-1,859	-46	1,389	386	-68	-1,247	1,968	-1,115	426	-115	1,528	291	-665	-656	617	252	217	-19
Accrued expenses
-	-	-	-	-	-	-	-	-	-	-	160	-1,061	-	-	1,166	-13	-2	-	234	-87	-186	567	184	-503	17	-122	-223	-117	-1,451	1,459	164	307	582	-10	-229	-263	-67
Income taxes payable
6	-2	212	17	14	11	17	10	15	-55	9	-6	-1	-10	-	-	-70	-	37	17	0	-21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
-10,066	229	-2,455	-9,127	-2,997	-13,593	4,763	5,759	1,188	721	-3,257	1,331	2,119	-6,265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided/(used) by operating activities
-	-	-	-	-	-	-	-	-	-	-	848	1,122	-	-	4,328	507	362	-	65	-3,039	-1,405	2,267	2,162	1,743	911	3,656	-217	1,922	678	2,869	232	-2,527	-496	2,719	-1,459	-233	-1,934
INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals
941	420	1,719	832	1,102	1,222	840	1,404	1,014	720	2,353	183	441	810	-	164	118	-	1,648	4	19	31	50	35	10	14	25	31	48	1	74	30	313	60	50	27	123	89
Purchase of property for rental program
-	-	-	-	-	-	-	-	-	-	-	691	693	-	-	-	-	-	-	0	0	1,642	3,671	2,643	2,493	2,074	2,771	1,778	2,466	2,075	2,472	1,226	821	1,234	-	-	-	-
Proceeds from sale of rental equipment under sale-leaseback transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,994	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of property and equipment, including rentals
1	30	13	21	52	30	46	95	112	45	-	44	61	-	265	19	101	4	8	19	11	24	-	5	24	-	-	18	-	-	-	-	-	-	-	-	-	-
Cash paid for assets acquired from VendScreen
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,625	-	49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-940	-390	-1,706	-811	-1,050	-1,192	-794	-1,309	-66,083	-675	-1,008	-740	-881	-810	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used by investing activities
-	-	-	-	-	-	-	-	-	-	-	-830	-1,073	-	-	-5,770	-17	-45	-	15	-8	3,345	-675	-2,673	-2,478	-2,089	-2,797	-1,790	-2,515	-2,076	-2,546	-1,256	-1,134	-1,294	-4,313	-27	-123	-89
Proceeds from Warrant Exercises
-	-	-	-	-	-	-	-	-	-	0	0	0	6,193	-	1,652	-	29	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Issuance Initial Public Offering
-	-	-	-	-	-	64,908	0	0	39,888	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Issuance of Long-term Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,753	-	-	-	-	-	-76	-	-	-	-	-	-111	-95	-109	-	-	-	-
Net proceeds (use) from the issuance (retirement) of common stock and exercise of common stock warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-62	-	-	521	1,679	85	-	74	-87	-	-39	0	-12	10	-	-	-	-
Proceeds (repayment) of line of credit, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from the issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8
Repayment of long-term debt
-	-	-	-	-	-	-	-	-	-	-	182	213	-	-	151	233	128	-	92	73	96	-	89	100	-	149	164	138	161	-	-	-	-	-	127	111	120
Proceeds from revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-	1,000	-	1,337	-	-	-	0	-	-	-	-
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Revolving Credit Facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33	3,000	-	-	-	-	-	-	-	-	-	-	-	-337	-	-	-	-	-	-	-	-	-
Repayment of capital lease obligations and long-term debt
346	1,763	941	20,385	969	959	1,604	2,708	234	809	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Repurchase of Common Stock
-	-	-	-	-	-	-	-	-	-	0	0	0	31	-	-	40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of common stock options
0	0	0	0	0	42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of capital lease obligations and long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	161	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
22,971	-1,763	-1,163	-20,467	-1,022	-917	62,940	-2,755	28,385	39,079	-770	-845	-1,402	6,001	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
11,965	-1,924	-5,324	-30,405	-5,069	-15,702	66,909	1,695	-36,510	39,125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used)/provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-272	-213	-	-	1,534	2,727	-99	-	1,661	-1,135	-96	903	432	1,578	1,008	1,173	910	-563	1,175	-91	-111	-107	-99	1,293	9,782	-114	-112
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-254	-164	-1,074	4,371	92	3,217	218	2,899	1,741	-4,182	1,844	2,494	-77	843	-169	2,032	-1,097	-1,157	-222	232	-1,136	-3,769	-1,891	-300	8,295	-471	-2,136
Supplemental disclosures of cash flow information:
Interest paid in cash
360	205	-	-	763	740	-	-	-	-	-	-	-	87	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid in cash
-	-	-	-	-	-	-	-	-	-	-	59	382	-	-	191	107	106	-	67	56	79	70	59	60	69	34	32	25	26	10	11	5	11	5	8	9	13
Depreciation expense allocated to cost of services
-	-	-	-	-	-	-	-	-	-	-	950	967	-	-	1,051	1,186	1,199	-	1,271	1,283	1,295	1,387	1,260	1,151	1,081	970	861	757	676	-	-	467	-	-	-	-	-
Reclass of rental program property to inventory, net
-	-	-	-	-	-	-	-	-	-	-	8	-55	-	305	347	777	-279	-719	1,374	15	4	-8	13	7	20	16	2	4	5	-	-	-	0	-	-	-	-
Prepaid items financed with debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	103	0	0	0	103	-144	144	0	101	3	2	0	128	66	-61	0	90	-	-	-	-
Prepaid interest from issuance of warrants for debt costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55	-	-	-	-	-	-	-	-	-	-
Prepaid items financed with debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-144	144	0	101	-	2	0	128	66	-61	0	90	-	-	-	-
Prepaid insurance financed with long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	94
Reclass of inventory to property and equipment for rental units, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-44	3,330	493
Equipment and software acquired under capital lease
-	-	-	-	-	-	-	-	-	-	6	54	18	254	0	409	0	35	-	-	108	-	107	195	0	22	-	80	-	-	0	0	0	495	-	-	-	-
Disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	87	570	-	-	189	238	99	-	343	10	53	476	15	44	174	-	7	-	-	597	-40	75	20	142	0	0	140
Fair value of common stock warrants at issuance recorded as a debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt financing cost financed with debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Disposal of property and equipment under sale-leaseback transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,873	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid insurance financed with long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	94