Xcel brands, inc. (XELB)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Cash flows from operating activities
Net (loss) income

-3,445

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-

1,088

-10,122

2,737

2,574

-1,032

1,532

4,284

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Income from discontinued operations, net

-

-

-

34

-272

-1,076

-156

-

Depreciation and amortization expense

3,902

1,780

1,562

1,560

1,379

935

873

856

Intangible asset impairment

6,200

-

-

-

-

-

-

-

Goodwill impairment

-

0

12,371

0

-

-

-

-

Amortization of deferred finance costs

146

169

193

205

141

80

88

119

Stock-based compensation

976

1,788

3,184

4,727

4,640

5,151

4,810

-

Amortization of seller note discount

-

-

-

-

-

-

-

579

Amortization of senior note discount

-

-

-

-

-

-

-

235

Amortization of note discount

16

41

38

245

406

575

715

-

Recovery of allowance for doubtful accounts

-

-

-

-

21

-2

-

-

Stock-based compensation

-

-

-

-

-

-

-

4,618

Allowance for doubtful accounts

-50

172

13

0

-

-

14

25

Tax benefit from vested stock grants and exercised options

-

-

-

-

306

508

0

-

Non-cash property exit charge

-

-

-

648

0

-

-

-

Loss (gain) on extinguishment of debt

-

-

-

-

-

-

-

422

Gain on reduction of contingent obligation

-

-

-

3,409

3,000

600

5,122

6,300

Loss on extinguishment of debt

-189

-

-

-

-1,371

0

-1,351

-

Deferred income tax (benefit) provision

-705

1,764

-526

168

-394

-1,031

-1,189

-928

Gain on reduction of contingent obligation

2,850

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-438

2,653

1,572

-625

3,931

103

127

1,262

Inventory

-1,089

1,988

0

-

-

-

0

0

Prepaid expenses and other assets

59

373

-4

131

187

46

10

-

Other assets

-

-

-

-

-

-

-

94

Accounts payable, accrued expenses and other current liabilities

-1,720

4,382

-524

258

-217

2,342

-170

581

Deferred revenue

-

256

-218

-

-

-

-

-

Cash paid in excess of rent expense

431

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-363

341

-235

-211

185

Other liabilities

-196

167

274

680

119

0

-75

115

Net cash provided by operating activities from continuing operations

-

-

-

-

3,187

6,606

2,635

2,591

Net cash provided by operating activities from discontinued operations, net

-

-

-

-

108

-739

-252

-

Net cash provided by operating activities

3,500

6,593

4,677

7,916

3,295

5,867

2,383

-

Cash flows from investing activities
Cash consideration for asset acquisition of the Ripka Brand

-

-

-

-

-

12,365

-

-

Cash consideration for asset acquisition of the H Halston Brand

-

-

-

-

14

18,513

0

-

Cash consideration for asset acquisition of the C Wonder Brand

-

-

-

-

3,587

0

-

-

Cash consideration for acquisition of Halston Heritage assets

8,830

0

30

26

0

-

-

-

Investment in Longaberger Licensing, LLC

375

-

-

-

-

-

-

-

Security deposit received related to sublease of former office

-

-

-

400

0

-

-

-

Investment in unconsolidated affiliate

-

-

-

100

0

-

-

-

Disbursement for loan made in exchange for promissory note receivable

-

-

-

-877

0

-

-

-

Purchase of property and equipment

1,133

1,476

208

2,160

530

246

218

117

Restricted cash for security deposits

-

-

-

-

-

0

-

-

Increase in long-term security deposit

-

-

-

-

-

-

-87

-175

Reduction of restricted cash for security deposit

-

-

-

-

-

-

-

-175

Net cash used in investing activities from continuing operations

-

-

-

-

-

-31,124

-305

-117

Net cash used in investing activities from discontinued operations, net

-

-

-

-

-

-433

-204

-

Net cash used in investing activities

-10,338

-1,476

-238

-2,763

-4,131

-31,557

-509

-

Prepayment fee on extinguishment of debt

-

-

-

-

-

-

189

0

Cash flows from financing activities
Proceeds from exercise of stock options

-

-

-

20

-

-

-

-

Proceeds from issuance of common stock, net of direct costs

-

-

-

-

16,107

9,294

4,689

-

Proceeds from exercise of stock options and warrants

-

-

-

-

65

6

0

-

Tax benefit from vested stock grants and exercised options

-

-

-

-

306

508

0

-

Shares repurchased including vested restricted stock in exchange for withholding taxes

174

1,033

1,197

1,429

748

978

622

711

Proceeds from term debt related to the H Brand

-

-

-

-

-

10,000

-1,500

0

Payment of contingent obligation

-

-

-

-

-

315

0

-

Payment of expenses related to equity and recapitalization

-

-

-

-

-

-

-

3

Payment of deferred finance costs

315

0

7

152

10

505

217

-22

Proceeds from long-term debt

7,500

-

-

-

-

9,000

13,000

0

Proceeds from issuance of common stock and warrants

-

-

-

-

-

-

-

2

Payment of long-term debt

4,742

5,459

7,177

5,500

3,256

250

13,500

0

Payment of QVC earnout obligation

-

-

-

425

0

-

-

-

Payment of installment obligations related to the acquisition of the Ripka Brand

-

-

-

-

2,190

0

-

-

Repayment of installment debt obligation

-

-

-

-

-

-

-

556

Repayment of lease obligation

-

-

-

-

-

-

3

17

Net cash used in financing activities

-

-

-

-

10,274

26,760

1,658

-1,263

Net cash (used in) provided by financing activities

2,269

-6,492

-8,381

-7,486

-

-

-

-

Net decrease in cash, cash equivalents, and restricted cash

-4,569

-1,375

-3,942

-2,333

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

9,438

1,070

3,532

1,211

Supplemental disclosure of non-cash activities:
Operating lease right-of-use asset

10,409

-

-

-

-

-

-

-

Operating lease right-of-use asset

10,409

-

-

-

-

-

-

-

Operating lease obligation

13,210

-

-

-

-

-

-

-

Accrued rent offset to operating lease right-of-use assets

2,801

-

-

-

-

-

-

-

Settlement of seller note through offset to receivable

600

100

0

-

-

-

-

-

Settlement of contingent obligation through offset to note receivable

100

-

-

-

-

-

-

-

Issuance of Notes payable as partial consideration in the acquisition of the Ripka Brand (net of debt discount - see Note 5)

-

-

-

-

-

4,165

0

-

Issuance of common stock in connection with Halston Heritage assets acquisition

1,058

-

-

-

-

2,286

0

-

Contingent obligation related to acquisition of Halston Heritage assets at fair value

900

-

-

-

-

-

-

-

Issuance of common stock in connection with acquisition of the C Wonder Brand

-

-

-

-

9,000

0

0

-

Contingent obligation related to acquisition of the C Wonder Brand

-

-

-

-

2,850

0

-

-

Financing of certain insurance obligations

-

-

-

294

0

-

-

-

Liability for equity-based bonuses

220

-345

345

0

-

-

-

-

Issuance of common stock and warrants in connection with H Brand acquisition

-

-

-

-

-

9,611

-

-

Installment obligations related to acquisition of the Ripka Brand

-

-

-

-

-

2,190

0

-

Contingent obligations related to acquisition of the Ripka Brand

-

-

-

-

-

3,784

0

-

Shares issued in connection with settlement of debt

-

-

-

-

-

-

-

180

Warrants issued in connection with licensing activities

-

-

-

-

-

-

2

23

Restructure of seller note

-

-

-

-

-

-

337

0

Supplemental disclosure of cash flow information:
Cash paid during the period for income taxes

136

302

167

230

453

109

119

62

Cash paid during the period for interest

1,176

969

1,253

1,256

-

-

-

-

Cash paid during the period for interest

-

-

-

-

1,157

653

1,117

1,243