Exela technologies, inc. (XELA)
CashFlow / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14
Cash flows from operating activities
Net loss

-133,425

-34,147

-29,907

-84,401

-28,940

-25,182

-23,994

-58,652

-110,440

-19,512

-15,681

-48,163

52

66

-58

-111

-93

10

-177

-28

-24

Adjustments to reconcile net loss
Depreciation and amortization

27,115

27,191

28,020

36,057

35,042

36,367

38,019

28,111

28,052

21,407

21,320

-

-

-

-

-

-

-

-

-

-

Original issue discount and debt issuance cost amortization

2,981

2,897

2,852

2,851

2,790

2,677

2,595

2,596

2,657

3,553

3,474

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

1,068

2,534

800

297

613

1,376

481

49

259

113

79

-

-

-

-

-

-

-

-

-

-

Deferred income tax provision

-2,991

3,547

1,076

7,041

-4,394

-130

835

-29,537

-37,803

-10

627

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

1,444

2,661

2,798

3,131

1,621

1,936

959

2,297

2,229

1,907

310

-

-

-

-

-

-

-

-

-

-

Foreign currency remeasurement

461

-253

-35

-860

884

833

323

-605

195

-285

-687

-

-

-

-

-

-

-

-

-

-

Gain on sale of Meridian

-

-

-

-

-

-

-

-

-

-

251

-

-

-

-

-

-

-

-

-

-

Loss (gain) on sale of assets

181

19

-9

-260

-495

-1,087

-253

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-272

-

-

-

-

-

-

-

-

-

-

Fair value adjustment for interest rate swap

580

2,708

1,677

2,916

-781

-1,347

-3,328

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income on restricted cash and cash equivalents held in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

1,103

-563

115

54

152

-70

19

0

0

Change in operating assets and liabilities, net of effect from acquisitions
Accounts receivable

-2,877

-9,366

8,742

12,945

-13,439

8,937

10,876

2,048

2,735

-1,037

1,086

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

-1,117

-1,892

632

-2,950

4,167

-3,964

5,567

-2,439

-1,983

-1,926

3,720

-

-

-

-

-

-

-

-

-

-

Prepaid insurance

-

-

-

-

-

-

-

-

-

-

-

-

-93

56

-18

-18

151

-188

103

27

0

Accounts payable and accrued liabilities

-28,870

18,583

-33,574

28,614

-64,134

59,541

-18,864

20,806

24,202

22,615

1,928

9,037

-12

10

-2

-45

-127

207

33

0

0

Related party payables

201

-6,152

-1,551

-3,021

-1,231

-2,185

-273

-29

12,961

-4,335

-3,690

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-28,863

32,363

-37,139

32,737

-50,531

68,334

-20,083

35,256

-45,061

28,991

4,269

72,689

-148

-235

-158

-192

-253

204

-266

-55

-24

Cash flows from investing activities
Purchase of property, plant and equipment

1,725

3,500

5,572

5,995

3,833

4,287

5,957

7,439

3,592

1,364

2,045

-

-

-

-

-

-

-

-

-

-

Additions to internally developed software

1,067

2,128

1,879

4,358

965

1,023

1,092

1,495

1,617

2,203

2,528

-

-

-

-

-

-

-

-

-

-

Additions to outsourcing contract costs

3,864

4,879

5,561

2,125

1,732

2,099

1,596

-

-

-

3,989

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of Meridian

-

-

-

-

-

-

-

-

-

-

4,381

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of assets

340

13

7

2,473

81

1,012

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds released from Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Proceeds deposited in trust account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

350,000

0

0

Net cash used in investing activities

-6,316

-15,494

-13,005

-38,302

-8,817

-10,542

-8,643

-11,707

-430,881

-5,605

-4,181

-31,602

0

0

0

0

0

0

-350,000

0

0

Cash flows from financing activities
Change in bank overdraft

-

-

-

-

-

-

-

0

0

0

-210

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

0

608

2,872

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings from other loans

184

978

566

8,489

916

289

1,863

76

32

0

3,008

-

-

-

-

-

-

-

-

-

-

Redemption of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Repayment of note payable to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-325

0

0

Proceeds from issuance of common stock to initial stockholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

25

Cash paid for equity issuance costs

-

-

-

0

0

0

7,500

-

-

-

-

-

-

-

-

-

-

-

-

10

173

Net borrowings under factoring arrangement

-2,920

1,308

1,118

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contribution from Shareholders

-

-

-

-

-

-

-

0

2

8

20,538

-

-

-

-

-

-

-

-

-

-

Borrowings from senior secured revolving facility

62,500

17,000

51,000

0

0

5,000

25,000

0

0

34,100

38,500

-

-

-

-

-

-

-

-

-

-

Repayments on senior secured revolving facility

23,500

47,000

21,000

0

0

5,000

25,000

0

0

34,000

38,500

-

-

-

-

-

-

-

-

-

-

Principal payments on finance lease obligations

4,418

4,103

5,077

-

4,190

3,601

4,803

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal repayments on senior secured term loans and other loans

4,505

4,264

4,153

19,666

3,010

3,096

2,947

6,669

4,494

12,367

15,786

-

-

-

-

-

-

-

-

-

-

Proceeds from note payable to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

84

56

184

Proceeds from initial public offering, net of costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

342,628

0

0

Proceeds from private placement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

9,000

0

0

Net cash provided by (used in) financing activities

27,118

-6,846

19,582

-905

22,269

-9,887

-13,387

-6,842

487,278

-12,259

7,550

-43,255

0

0

0

0

0

0

351,388

45

35

Effect of exchange rates on cash

-140

143

-32

676

-144

-465

55

94

95

284

-44

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-8,201

10,166

-30,594

-5,793

-37,224

47,440

-42,058

16,801

11,431

11,411

7,594

-4,226

-148

-235

-158

-191

-253

204

1,121

-10

11

Supplemental cash flow data:
Income tax payments, net of refunds received

1,800

3,825

1,356

2,531

1,432

2,811

1,053

3,038

641

2,044

-12

-

-

-

-

-

-

-

-

-

-

Interest paid

60,533

10,667

60,573

9,680

60,043

10,161

66,192

9,275

27,781

1,722

30,844

-

-

-

-

-

-

-

-

-

-

Noncash investing and financing activities:
Assets acquired through right-of-use arrangements

2,574

2,681

4,097

5,602

1,531

3,355

4,432

4,893

1,893

119

68

-

-

-

-

-

-

-

-

-

-

Accrued capital expenditures

0

274

809

826

850

43

1,101

-1,891

2,486

928

98

-

-

-

-

-

-

-

-

-

-

Deferred underwriters' fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

12,250

0

0

Ordinary shares subject to possible conversion related to the Company's public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

334,157

-

-

Change in shares subject to possible redemption

-

-

-

-

-

-

-

-

-

-

-

-

52

-50

58

-

-93

-343

177

-

-