Zagg inc (ZAGG)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

13,920

39,189

15,100

-15,587

15,587

10,461

4,790

14,505

17,584

9,928

3,381

Stock-based compensation

4,022

3,009

3,602

3,830

3,893

2,248

4,126

5,707

3,258

994

665

Impairment of goodwill and intangibles

-

-

-

-

-

-

11,246

11,497

0

-

-

Impairment of investment

-

-

-

-

-

-

591

0

0

-

-

Excess tax costs (benefits) related to share-based payments

-

-

-

641

-256

22

52

707

1,670

620

-1,062

Depreciation and amortization

23,903

18,288

21,889

22,271

12,933

12,899

12,157

11,559

5,926

348

243

Deferred income tax assets

-

-

-

-

-

-5,770

-5,787

-8,293

-3,908

-1,482

508

Expense related to issuance of warrants

-

-

-

-

-

-

-

311

-

-

-

Expense related to issuance of warrants

-

-

-

-

-

-

-

-

377

293

0

Expense related to issuance of stock for consulting

-

-

-

-

-

-

-

-

100

-

0

Expense related to issuance of stock for royalties

-

-

-

-

-

-

-

-

336

-

0

Impairment on notes receivable

-

-

-

-

-

-

-

-

1,489

-

-

Loss on disposal of property and equipment

-111

-38

-34

0

0

0

-

313

-

-

-

Reduction in reserve on note receivable upon foreclosure recovery

-

-

-

-

639

0

0

-

-

-

-

Deferred income tax assets

10,324

-4,992

-14,168

7,972

1,162

-

-

-

-

-

-

Revaluation of deferred income taxes from U.S. tax reform

0

0

11,806

-

-

-

-

-

-

-

-

Revaluation of deferred income taxes from U.S. tax reform

0

0

11,806

0

0

-

-

-

-

-

-

Amortization of deferred loan costs

301

191

263

202

60

66

120

708

329

-

0

Loss on modification of debt

0

-243

0

0

-

-

-

-

-

-

-

Impairment of intangible asset

0

0

1,959

0

0

-

-

-

-

-

-

Net accretion of contingent consideration

915

0

0

-

-

-

-

-

-

-

-

Gain on disputed mophie purchase price

0

0

6,967

-24,317

0

-

-

-

-

-

-

Right of use asset expenses

2,497

-

-

-

-

-

-

-

-

-

-

Write-off of deferred loan costs

-

-

-

-

-

-

27

1,509

-

-

-

Loss on investment in equity method investment

-

-

-

-

-

-

-2,013

-2,866

0

-

-

Impairment on notes receivable

-

-

-

-

-

-

-

-

-

-

438

Gain on deconsolidation of HzO

-

-

-

-

-

-

-

-

1,906

0

0

Changes in operating assets and liabilities (net of amounts acquired):
Accounts receivable, net

-13,693

33,119

38,093

11,587

-18,383

29,490

-8,079

9,093

22,098

12,218

-1,857

Inventories

58,947

3,405

906

2,198

-2,064

4,350

4,404

10,334

-2,468

14,251

-1,783

Related party other asset

-

-

-

-

-

-

-

-

-

2,747

-1,152

Prepaid expenses and other current assets

-847

-1,192

1,113

-422

651

421

-7,335

7,600

-1,607

1,861

-8

Other assets

-500

-1,805

928

330

-551

-160

0

11

-134

54

0

Accounts payable

4,486

-18,714

10,677

14,094

-14,635

33,373

-3,838

3,044

42

9,341

1,155

Income taxes receivable (payable)

5,250

-3,827

4,866

9,994

-7,366

13

2,787

-656

-2,092

6,802

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

0

Accrued liabilities

-777

747

-4,505

2,836

-3,410

4,616

-1,557

-262

3,369

686

979

Accrued wages and wage related expenses

-567

990

-517

1,819

-356

1,709

-1,872

681

-953

138

44

Deferred revenue

0

0

42

-

-162

21

-564

403

-72

32

-104

Sales returns liability

-13,253

13,889

3,719

-9,037

-814

813

1,167

1,299

2,811

1,517

259

Lease liabilities

-2,645

-

-

246

-

-

-

-

-

-

-

Other

-154

350

-1,022

0

0

-

-

-

-

-

-

Net cash (used in) provided by operating activities

-16,222

25,858

34,074

32,679

24,532

-

-

-

-

-

1,706

Net cash provided by operating activities

-

-

-

-

-

26,326

36,364

17,446

7,131

-3,154

-

Cash flows from investing activities:
Deposits on and purchase of intangible assets

-

-

-

-

-

-

500

72

96

2,117

1,230

Purchase of property and equipment, net of business acquired

8,702

7,243

5,766

8,633

4,910

4,430

2,588

2,764

1,590

819

575

Proceeds from disposal of equipment and land

490

25

29

0

0

-

-

-

-

-

-

Purchase of BRAVEN and HALO

-

-

-

-

0

0

-

-

-

-

-

Deconsolidation of HzO, net of cash

-

-

-

-

-

-

-

-

-4,277

-

0

Proceeds from investment in note receivable

-

-

-

-

-

-

-

-

496

-

0

Payments to acquire businesses

-

-

-

-

-

-

-

-

47,532

-

0

Net cash used in investing activities

-28,576

-40,020

-5,737

-83,376

-4,910

-

-

-

-

-

-1,805

Net cash used in investing activities

-

-

-

-

-

-4,430

-3,088

-2,836

-52,999

-2,936

-

Cash flows from financing activities:
Payment of debt issuance costs

244

463

157

1,144

0

0

43

238

2,538

-

0

Proceeds from revolving credit facility

330,968

358,980

434,826

336,391

9,871

56,075

69,291

26,238

29,837

31

0

Payments on revolving credit facility

282,191

336,071

442,659

305,084

9,871

73,618

73,921

27,396

11,546

-

20

Proceeds from term loan facility

-

-

-

25,000

0

0

-

24,000

45,000

-

0

Payments on term loan facility

0

2,084

6,250

4,688

0

0

24,000

45,000

-

-

-

Purchase of treasury stock

722

12,096

1,492

951

14,930

9,579

9,997

0

0

-

-

Payment of withholdings tax on restricted stock units

887

2,722

268

630

724

75

0

-

-

-

-

Proceeds from issuance of stock under employee stock purchase plan

61

54

29

54

207

265

270

895

2,467

2,790

-

Proceeds from exercise of warrants and options

-

-

-

-

-

-

-

-

-

-

2,967

Excess tax costs related to share-based payments

-

-

-

641

-256

22

52

707

1,670

619

1,062

Net cash provided by (used in) financing activities

46,985

5,598

-15,971

49,589

-15,703

-

-

-

-

-

4,009

Cash paid for investment in HzO

-

-

-

-

-

-

-

-

392

-

-

Cash paid for investment in HzO

-

-

-

-

-

-

-

-

-

-

0

Net HzO proceeds from issuance of Series B Preferred Stock

-

-

-

-

-

-

-

-

5,335

-

0

Net cash provided by (used in) financing activities

-

-

-

-

-

-26,910

-38,348

-20,794

69,833

3,440

-

Effect of foreign currency exchange rates on cash and cash equivalents

-179

-632

1,019

-290

-378

-556

-74

-72

95

52

-

Net increase (decrease) in cash and cash equivalents

2,008

-9,196

13,385

-

-

-

-

-

-

-

-

Effect of foreign currency exchange rates on cash equivalents

-

-

-

-

-

-

-

-

-

-

-5

Net (decrease) increase in cash and cash equivalents

-

-

-

-1,398

3,541

-5,570

-5,146

-6,256

24,060

-2,598

3,905

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

4,587

1,674

1,776

1,497

-

-

-

-

-

-

-

Cash paid during the period for interest

-

-

-

-

46

97

461

4,477

2,602

243

231

Cash (refunded) paid during the period for income taxes, net

-3,347

9,123

-2,174

-9,521

18,710

-

-

-

-

-

-

Cash paid during the period for rent expenses included in the measurement of lease liabilities

3,264

-

-

-

-

-

-

-

-

-

-

Cash paid (refunded) during the period for taxes, net

-

-

-

-

-

12,370

6,515

18,536

13,095

710

552

Supplemental schedule of noncash investing and financing activities:
Purchase of property and equipment financed through accounts payable

294

517

492

758

269

975

0

-

-

-

-

Modification of debt that resulted in payment of existing term loan balance

0

11,991

0

0

-

-

-

-

-

-

-

Purchase of Gear4 through contingent payments and common stock

3,886

9,355

0

0

-

-

-

-

-

-

-

Purchase of HALO through amounts due to seller, contingent payments and common stock

16,642

0

0

12,139

-

0

-

-

-

-

-

Noncash change in lease asset and operating liabilities from remeasurement or termination of existing leases and addition of new leases

2,644

-

-

-

-

-

-

-

-

-

-

Purchase of patent or intangible assets

-

-

-

-

1,218

0

0

-

-

-

-

Foreclosure on real property

-

-

-

-

1,099

0

0

250

-

-

-

Foreclosure on common stock

-

-

-

-

688

0

0

-

-

-

-

Reclassification of note receivable to other asset

-

-

-

-

-

-

218

-

-

-

-

Issued shares of common stock in connection with the acquisition of intellectual property and payment of royalties, shares

-

-

-

-

-

-

-

-

90

-

-

Fair value of issuance of common stock in connection with the acquisition of intellectual property and payment of royalties

-

-

-

-

-

-

-

-

899

-

-

Issued shares of common stock with a fair value

-

-

-

-

21

-

500

-

4,444

-

-

Fair value of intangible assets acquired

-

-

-

-

198

-

2,275

-

-

-

-

Consideration for acquisition of patent

-

-

-

-

-

-

1,945

-

-

-

-

Consideration for acquisition of patent recorded within accrued liabilities

-

-

-

-

-

-

1

-

-

-

-

Amount financed to purchase of patent through accrued liabilities

-

-

-

-

-

-

329

-

-

-

-

Foreclosure on private company stock and warrants

-

-

-

-

-

-

-

516

-

-

-

Fair value of issued shares of common stock in connection with the purchase of iFrogz

-

-

-

-

-

-

-

-

46,200

-

-

Exchanged inventory for asset purchase credits

-

-

-

-

-

-

-

-

785

-

-

Issued warrants to consultants to purchase common stock

-

-

-

-

-

-

-

-

-

100

-

Fair value of issued warrants to consultants to purchase common stock

-

-

-

-

-

-

-

-

-

31

-

Issued shares of common stock and warrants in connection with the acquisition of patents, shares

-

-

-

-

-

-

-

-

-

70

-

Issued shares of common stock and warrants in connection with the acquisition of patents, warrants

-

-

-

-

-

-

-

-

-

250

-

Issued shares of HzO Series A Preferred Stock in connection with the acquisition of the HzO technology, shares

-

-

-

-

-

-

-

-

-

8,418

-

Issued shares of HzO Series A Preferred Stock for the purchase of equipment, shares

-

-

-

-

-

-

-

-

-

500

-

Issued shares of common stock to employees, shares

-

-

-

-

-

-

-

-

-

20

80

Issued warrants to consultants

-

-

-

-

-

-

-

-

-

-

370

Mophie
Purchase of mophie, BRAVEN, and Gear4

-

-

-

74,743

-

-

-

-

-

-

-

BRAVEN
Purchase of BRAVEN and HALO

0

4,451

0

0

-

-

-

-

-

-

-

Gear4
Purchase of BRAVEN and HALO

0

28,351

0

0

-

-

-

-

-

-

-

HALO
Purchase of BRAVEN and HALO

20,364

0

0

-

-

-

-

-

-

-

-