XCel Brands, Inc. XELB Cash Flow

Xcel brands, inc. (XELB)
CashFlow / TTM

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
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
-	-	-	-	-	1,088	-8,819	-9,549	-9,223	-10,122	2,820	2,686	2,383	2,737	751	663	2,860	2,574	1,254	1,290	-408	-1,032	-884	2,169	564	1,532	7,884	4,293	4,135	4,284	-2,533	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Income from discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-272	-820	-1,023	-1,158	-1,076	0	0	0	-	-	-	-	-	-	-	-	-
Depreciation and amortization expense
4,257	3,902	3,396	2,861	2,317	1,780	1,712	1,645	1,579	1,562	1,561	1,559	1,528	1,560	1,598	1,584	1,543	1,379	1,193	1,055	973	935	905	892	880	873	879	873	864	856	851	0	0	0
Amortization of deferred finance costs
137	146	154	161	159	169	176	181	187	193	211	210	209	205	165	158	148	141	140	123	108	80	67	62	69	88	103	117	118	119	124	0	0	0
Stock-based compensation
872	976	1,150	1,302	1,628	1,788	2,103	2,346	2,608	3,184	3,469	3,868	4,598	4,727	4,981	5,184	4,839	4,640	4,245	3,889	4,599	5,151	0	0	0	-	-	-	-	-	4,009	0	0	0
Amortization of seller note discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	591	579	529	0	0	0
Amortization of other imputed interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Amortization of senior note discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	198	237	236	235	234	0	0	0
Amortization of note discount
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of note discount
-	-	-	-	-	41	41	39	39	38	37	106	174	245	309	318	331	406	516	588	652	575	0	0	0	-	-	-	-	-	-	-	-	-
Stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-
Allowance for doubtful accounts
161	-50	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	10	13	14	70	29	26	25	0	0	0	0
Tax benefit from vested stock grants and exercised options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	306	591	577	536	508	0	0	0	-	-	-	-	-	-	-	-	-
Loss (gain) on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loss on extinguishment of debt
0	-189	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-1,371	-1,371	-1,371	-611	0	0	0	0	-	-	-	-	-	-	-	-	-
Deferred income tax (benefit) provision
-1,332	-705	1,327	1,348	1,413	1,764	-513	20	-556	-526	1,875	1,440	675	168	-392	-568	-105	-394	203	-548	-877	-1,031	-913	-837	-1,633	-1,189	-1,895	-1,766	-956	-928	-738	0	0	0
Gain on reduction of contingent obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Changes in operating assets and liabilities:
Accounts receivable
-971	-438	359	-1,180	818	2,653	136	1,337	635	1,572	713	-1,330	-422	-625	1,312	3,512	4,188	3,931	2,145	1,813	1,228	103	609	1,025	392	127	1,416	1,074	916	1,262	3,342	0	0	0
Inventory
-629	-1,089	1,151	86	1,417	1,988	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-
Prepaid expenses and other assets
-420	59	336	618	806	373	258	-23	-28	-4	119	290	148	131	-153	-109	78	187	247	260	113	46	0	0	0	-	-	-	-	-	-	-	-	-
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29	94	250	0	0	0
Accounts payable, accrued expenses and other current liabilities
-2,045	-1,720	1,674	309	2,494	4,382	1,677	1,399	680	-524	-2,285	-1,585	721	258	2,129	1,242	-844	-217	-274	791	2,023	2,342	1,731	575	153	-170	190	289	126	581	-357	0	0	0
Deferred revenue
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid in excess of rent expense
431	431	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	34	35	-363	-659	-139	-228	341	249	-770	-109	-235	-277	287	-296	-211	51	-40	255	185	647	0	0	0
Other liabilities
-	-196	119	51	6	167	-330	-96	218	274	7	95	404	680	530	1,017	473	119	697	-129	-39	0	-1	10	-163	-75	12	30	112	115	99	0	0	0
Net cash provided by operating activities from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,187	4,414	3,014	6,251	6,606	5,181	4,689	2,446	2,635	0	0	0	-	-	-	-	-
Net cash provided by operating activities from discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	108	152	37	-678	-739	0	0	0	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
2,579	3,500	4,889	6,610	6,256	6,593	7,056	6,215	7,258	4,677	3,481	6,010	8,206	7,916	8,673	6,373	2,393	3,295	4,566	3,051	5,573	5,867	0	0	0	-	-	-	-	-	-542	0	0	0
Cash flows from investing activities
Cash consideration for asset acquisition of the H Halston Brand
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	18,527	18,527	18,527	18,513	0	0	0	-	-	-	-	-	-	-	-	-
Cash consideration for acquisition of Halston Heritage assets
0	8,830	8,830	8,830	8,830	0	7	12	12	30	23	44	44	26	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of Isaac Mizrahi Trademarks and related intangible property, and tangible property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Payment of assumed obligation of Seller
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Purchase of property and equipment
1,455	1,133	1,295	956	715	1,476	1,140	1,145	1,116	208	416	582	2,049	2,160	2,347	2,201	749	530	-71	154	161	246	361	142	279	218	275	241	124	117	252	0	0	0
Advance deposit related to trademark acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0	-	-	-	-	-
Increase in long-term security deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-175	-175	0	0	0
Reduction of restricted cash for security deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-175	0	0	0	0
Net cash used in investing activities from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-31,124	-12,805	-12,584	-534	-305	0	0	0	-	-	-	-	-
Net cash used in investing activities from discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-433	0	0	0	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-1,830	-10,338	-10,125	-9,786	-9,545	-1,476	-1,147	-1,157	-1,128	-238	-1,016	-1,203	-2,670	-2,763	-1,262	-4,379	-4,336	-4,131	-23,353	-20,216	-31,124	-31,557	0	0	0	-	-	-	-	-	-12,101	0	0	0
Cash flows from financing activities
Proceeds from exercise of stock options and warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit from vested stock grants and exercised options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	306	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Shares repurchased including vested restricted stock in exchange for withholding taxes
0	-	-	-	-	1,033	1,085	1,093	492	1,197	1,033	1,933	1,922	1,429	1,247	1,050	1,050	748	1,689	915	915	978	622	685	685	622	0	0	0	-	-	-	-	-
Payment of contingent obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	315	315	315	315	0	0	0	0	-	-	-	-	-
Payment of expenses related to equity and recapitalization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	565	0	0	0
Payment of deferred finance costs
29	315	315	289	286	0	0	0	0	7	90	90	90	152	69	69	69	10	276	276	480	505	239	456	252	217	0	0	0	-	-	-	-	0
Proceeds from long-term debt
0	7,500	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Proceeds from issuance of common stock and warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Payment of long-term debt
-	4,742	4,742	5,476	5,476	5,459	4,459	3,943	6,943	7,177	8,052	8,459	5,334	5,500	5,625	5,000	4,381	3,256	2,506	1,506	1,250	250	0	12,825	13,162	13,500	13,500	675	338	0	0	0	0	-
Payment of QVC earnout obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	425	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of QVC Earn-Out obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of installment obligations related to the acquisition of the Ripka Brand
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,190	2,190	2,183	900	0	0	0	0	-	-	-	-	-	-	-	-	-
Repayment of installment debt obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Repayment of lease obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	7	12	16	17	17	0	0	0
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,369	9,430	10,274	29,459	14,675	25,291	26,760	6,766	6,017	1,586	1,658	0	0	0	-	-	-	-	-
Member distributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash (used in) provided by financing activities
-3,305	2,269	2,088	1,404	795	-6,492	-5,544	-5,036	-7,435	-8,381	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,774	0	0	0
Net decrease in cash, cash equivalents, and restricted cash
-2,556	-4,569	-3,148	-1,772	-2,494	-1,375	365	22	-1,305	-3,942	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,363	7,487	9,438	10,672	-2,490	-260	1,070	-2,335	-3,212	2,738	3,532	3,736	4,656	784	1,211	4,131	0	0	0
Supplemental disclosure of non-cash activities:
Operating lease right-of-use asset
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use asset
0	10,409	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease obligation
0	13,210	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued rent offset to operating lease right-of-use assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of seller note through offset to receivable
-	600	700	700	700	100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of contingent obligation through offset to note receivable
-	100	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock in connection with Halston Heritage assets acquisition
0	1,058	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent obligation related to acquisition of Halston Heritage assets at fair value
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent obligation related to acquisition of Halston Heritage assets at fair value
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent obligation
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retrospective accounting adjustment increasing deferred tax liability and goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Value of common stock issued to Sellers as partial consideration in the acquisition of Isaac Mizrahi Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Value of common stock issued to Earthbound as partial consideration in the acquisition of Isaac Mizrahi Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Issuance of Seller Notes as partial consideration in the acquisition of Isaac Mizrahi Business (net of debt discount - see Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Value of Warrants to purchase 364,428 of common stock for $.01 per share issued to Noteholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Contingent equity pay-out relating to acquisition of Isaac Mizrahi Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Contingent obligations relating to acquisition of Isaac Mizrahi Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Assumed Other Long Term liabilities as partial consideration of the Isaac Mizrahi Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Deferred tax liability relating to the net tax effect of the excess book value over tax basis of acquired intangible asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Deferred tax liability relating to the net tax effect of the Seller Note discount amount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Issuance of common stock in connection with acquisition of the C Wonder Brand
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	0
Liability for equity-based bonuses
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrants issued in connection with licensing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	0	0	0	-
Supplemental disclosure of cash flow information:
Assumed capitalized lease obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cash paid during the period for income taxes
143	136	135	138	304	302	274	205	65	167	213	256	228	230	174	134	262	453	463	488	373	109	-28	-50	3	119	240	227	217	62	62	0	0	0
Cash paid during the period for interest
1,008	1,176	1,323	1,241	1,151	969	832	1,088	1,159	1,253	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the period for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,107	1,205	1,157	937	920	731	653	760	898	975	1,117	1,255	1,199	1,213	1,243	1,045	0	0	0