XCel Brands, Inc. XELB Cash Flow

Xcel brands, inc. (XELB)

CashFlow / Quarterly

Mar'20	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
Cash flows from operating activities
Net (loss) income
-838	-	-	-	127	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-281	982	-113	500	-10,188	252	213	-399	2,754	118	-90	-45	768	30	2,107	-331	-552	66	409	-955	-404	3,119	-1,196	13	5,948	-472	-1,354	162	-869
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Income from discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	-14	-54	-213	-539	-217	-189	-131	-	-	-	-	-	-	-	-	-
Depreciation and amortization expense
1,303	963	991	1,000	948	457	456	456	411	389	389	390	394	388	387	359	426	426	373	318	262	240	235	236	224	210	222	224	217	216	216	215	209	211
Amortization of deferred finance costs
25	32	35	45	34	40	42	43	44	47	47	49	50	65	46	48	46	25	39	38	39	24	22	23	11	11	17	30	30	26	31	31	31	31
Stock-based compensation
243	199	295	135	347	373	447	461	507	688	690	723	1,083	973	1,089	1,453	1,212	1,227	1,292	1,108	1,013	832	936	1,818	1,565	-	-	-	-	-	2,043	1,408	28	530
Amortization of seller note discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	143	178	137	133	131	128
Amortization of other imputed interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26
Amortization of senior note discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	60	59	59	59	59	58	58
Amortization of note discount
-	-	-	-	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of note discount
-	-	-	-	-	10	11	10	10	10	9	10	9	9	78	78	80	73	87	91	155	183	159	155	78	-	-	-	-	-	-	-	-	-
Stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65	-	-	-	-	-
Allowance for doubtful accounts
211	94	0	-144	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-56	35	-	-	0	0	-31	41	3	1	25	0	0	0	0
Tax benefit from vested stock grants and exercised options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	223	14	41	28	508	0	0	0	-	-	-	-	-	-	-	-	-
Loss (gain) on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loss on extinguishment of debt
0	0	0	0	-189	-	0	0	0	-	-	-	-	-	-	-	-	0	0	-760	-611	0	0	0	0	-	-	-	-	-	-	-	-	-
Deferred income tax (benefit) provision
-552	-1,985	137	1,068	75	47	158	1,133	426	-2,230	691	557	456	171	256	-208	-51	-389	80	255	-340	208	-671	-74	-494	326	-595	-870	-50	-380	-466	-60	-22	-190
Gain on reduction of contingent obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Changes in operating assets and liabilities:
Accounts receivable
-1,568	744	1,107	-1,254	-1,035	1,541	-432	744	800	-976	769	42	1,737	-1,835	-1,274	950	1,534	102	926	1,626	1,277	-1,684	594	1,041	152	-1,178	1,010	408	-113	111	668	250	233	2,191
Inventory
-111	-1,176	1,200	-542	-571	1,064	135	789	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-90	-7	97	0	-	-	-	-	-
Prepaid expenses and other assets
13	45	-279	-199	492	322	3	-11	59	207	-278	-16	83	330	-107	-158	66	46	-63	29	175	106	-50	-118	108	-	-	-	-	-	-	-	-	-
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-323
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-48	-62	257	-118	17	94
Accounts payable, accrued expenses and other current liabilities
-1,656	24	1,800	-2,213	-1,331	3,418	435	-28	557	713	157	-747	-647	-1,048	857	1,559	-1,110	823	-30	-527	-483	766	1,035	705	-164	155	-121	283	-487	515	-22	120	-32	-423
Deferred revenue
-	-	-	-	-	-	-	-2	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid in excess of rent expense
91	94	93	153	91	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-164
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-2	-159	222	-27	-1	-557	-74	493	-90	12	-166	-526	571	-114	-208	38	-12	-29	54	-53	283	-99	516
Other liabilities
-	0	0	0	-196	315	-68	-45	-35	-182	166	269	21	-449	254	578	297	-599	741	34	-57	-21	-85	124	-18	-22	-74	-49	70	65	-56	33	73	49
Net cash provided by operating activities from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,900	2,242	-604	-351	3,127	842	2,633	4	1,702	350	390	193	-	-	-	-	-
Net cash provided by operating activities from discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	-103	256	-49	48	-218	-459	-110	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
311	491	1,030	747	1,232	1,880	2,751	393	1,569	2,343	1,910	1,436	-1,012	1,147	4,439	3,632	-1,302	1,904	2,139	-348	-400	3,175	624	2,174	-106	-	-	-	-	-	492	736	289	-2,059
Cash flows from investing activities
Cash consideration for asset acquisition of the H Halston Brand
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	14	18,513	0	0	0	-	-	-	-	-	-	-	-	-
Cash consideration for acquisition of Halston Heritage assets
0	0	0	0	8,830	0	0	0	0	7	5	0	18	0	26	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of Isaac Mizrahi Trademarks and related intangible property, and tangible property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,174
Payment of assumed obligation of Seller
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500
Purchase of property and equipment
604	215	361	275	282	377	22	34	1,043	41	27	5	135	249	193	1,472	246	436	47	20	27	-165	272	27	112	-50	53	164	51	7	19	47	44	142
Advance deposit related to trademark acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-168	168	-	-	-	0	-	-	-	-	-
Increase in long-term security deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-175	0
Reduction of restricted cash for security deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-175	175
Net cash used in investing activities from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18,348	-274	-12,222	-280	-29	-53	-172	-51	-	-	-	-	-
Net cash used in investing activities from discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-199	75	-115	-194	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-604	-590	-361	-275	-9,112	-377	-22	-34	-1,043	-48	-32	-5	-153	-826	-219	-1,472	-246	675	-3,336	-1,429	-41	-18,547	-199	-12,337	-474	-	-	-	-	-	-19	-47	-44	-11,991
Cash flows from financing activities
Proceeds from exercise of stock options and warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit from vested stock grants and exercised options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	223	14	41	28	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1
Shares repurchased including vested restricted stock in exchange for withholding taxes
102	-	-	-	-	331	0	612	90	383	8	11	795	219	908	0	302	37	711	0	0	978	-63	0	63	622	0	0	0	-	-	-	-	-
Payment of contingent obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	315	0	0	0	0	-	-	-	-	-
Payment of expenses related to equity and recapitalization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1	2	562
Payment of deferred finance costs
0	0	26	3	286	0	0	0	0	0	0	0	7	83	0	0	69	0	0	0	10	266	0	204	35	0	217	0	0	-	-	-	-	472
Proceeds from long-term debt
0	0	0	0	7,500	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,500
Proceeds from issuance of common stock and warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,305
Payment of long-term debt
-	1,000	1,000	1,000	1,742	1,000	1,734	1,000	1,725	0	1,218	4,000	1,959	875	1,625	875	2,125	1,000	1,000	256	1,000	250	0	0	0	0	12,825	337	338	0	0	0	0	-
Payment of QVC earnout obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	175	0	500	-250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of QVC Earn-Out obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of installment obligations related to the acquisition of the Ripka Brand
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7	1,283	900	0	0	0	0	-	-	-	-	-	-	-	-	-
Repayment of installment debt obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	-
Repayment of lease obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3	4	5	4	4	4
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-875	-2,726	-814	14,784	-1,814	-1,882	18,371	0	8,802	-413	-1,623	-749	4,371	-341	-	-	-	-	-
Member distributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash (used in) provided by financing activities
-102	-1,150	-1,050	-1,003	5,472	-1,331	-1,734	-1,612	-1,815	-383	-1,226	-4,011	-2,761	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	28	-17	16,768
Net decrease in cash, cash equivalents, and restricted cash
-395	-1,249	-381	-531	-2,408	172	995	-1,253	-1,289	1,912	652	-2,580	-3,926	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,285	-4,274	1,765	13,587	-3,591	-2,323	2,999	425	-1,361	-993	-406	-452	4,589	-199	-202	468	717	228	2,718
Supplemental disclosure of non-cash activities:
Operating lease right-of-use asset
0	-	-	-	10,409	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use asset
0	0	-5	5	10,409	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease obligation
0	0	-5	5	13,210	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued rent offset to operating lease right-of-use assets
0	-	-	-	2,801	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of seller note through offset to receivable
-	0	0	0	600	100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of contingent obligation through offset to note receivable
-	0	0	0	100	-	0	100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock in connection with Halston Heritage assets acquisition
0	0	0	0	1,058	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent obligation related to acquisition of Halston Heritage assets at fair value
0	-	-	-	900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent obligation related to acquisition of Halston Heritage assets at fair value
0	-	-	-	900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent obligation
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retrospective accounting adjustment increasing deferred tax liability and goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,274
Value of common stock issued to Sellers as partial consideration in the acquisition of Isaac Mizrahi Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,215
Value of common stock issued to Earthbound as partial consideration in the acquisition of Isaac Mizrahi Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,155
Issuance of Seller Notes as partial consideration in the acquisition of Isaac Mizrahi Business (net of debt discount - see Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,637
Value of Warrants to purchase 364,428 of common stock for $.01 per share issued to Noteholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,214
Contingent equity pay-out relating to acquisition of Isaac Mizrahi Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000
Contingent obligations relating to acquisition of Isaac Mizrahi Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,765
Assumed Other Long Term liabilities as partial consideration of the Isaac Mizrahi Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,132
Deferred tax liability relating to the net tax effect of the excess book value over tax basis of acquired intangible asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,615
Deferred tax liability relating to the net tax effect of the Seller Note discount amount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	635
Issuance of common stock in connection with acquisition of the C Wonder Brand
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	71
Liability for equity-based bonuses
-68	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrants issued in connection with licensing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	23	-
Supplemental disclosure of cash flow information:
Assumed capitalized lease obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24
Cash paid during the period for income taxes
17	45	73	8	10	44	76	174	8	16	7	34	110	62	50	6	112	6	10	134	303	16	35	19	39	-121	13	72	155	0	0	62	0	0
Cash paid during the period for interest
290	68	324	326	458	215	242	236	276	78	498	307	370	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the period for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	290	270	302	245	388	222	82	228	199	144	189	366	276	286	327	310	290	316	129