ZAGG Inc ZAGG Cash Flow

Zagg inc (ZAGG)

CashFlow / Quarterly

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	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,045	-3,290	4,956	3,739	3,692	3,200	13,000	-4,319	792	988	-2,044	3,183	2,775	876	194	3,388	5,811	5,112	9,627	2,100	2,599	3,258
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net income (loss)
-	8,682	-5,336	-14,424	-	14,626	3,216	7,029	-	9,776	3,403	-6,138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
731	631	1,475	1,185	844	757	807	601	1,066	900	966	670	155	1,384	955	1,336	1,185	898	934	876	604	473	651	520	965	793	1,330	1,038	1,096	2,086	1,494	1,031	584	406	1,964	304
Excess tax costs (benefits) related to share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	72	3	-4	570	-455	13	-12	198	14	4	3	1	3	1	1	47	215	7	174	311	242	2	1,629	-203
Depreciation and amortization
5,896	5,751	6,267	5,989	4,958	4,100	4,200	5,030	5,381	5,486	5,241	5,781	3,163	4,540	9,138	5,430	3,382	3,502	3,105	2,944	3,730	3,117	3,038	3,014	3,019	2,920	3,119	3,099	3,040	2,835	2,866	2,818	2,463	2,408	879	176
Loss on disposal of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Deferred income tax assets
-	503	-1,093	-1,076	-	1,785	159	322	-	4,163	1,278	-238	-	-9,469	917	-960	-	-506	-494	87	-5,221	146	-603	-92	-5,327	138	-533	-65	-6,696	-826	-840	69	-2,970	-196	-422	-320
Expense related to issuance of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	311	0	0	0	377
Expense related to issuance of stock for consulting
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	100
Loss on disposal of property and equipment
-9	-96	-8	2	-29	0	1	-10	-21	0	-13	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	642	-50	-59	-220	-	-	-	-
Amortization of deferred loan costs
140	60	51	50	44	41	35	71	71	72	60	60	61	60	61	20	11	16	17	16	18	15	17	16	30	30	30	30	112	155	155	286	156	156	17	0
Impairment of intangible asset
-	-	-	-	-	-	-	-	-	-	-	1,959	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of intangible asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right of use asset expenses
600	831	567	499	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on investment in equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-177	-612	-617	-607	-1,385	-545	-473	-463	-	-	0	0
Changes in operating assets and liabilities (net of amounts acquired):
Accounts receivable, net
7,120	34,193	10,296	-65,302	40,854	29,583	12,718	-50,036	26,039	23,404	12,382	-23,732	1,091	16,162	12,431	-18,097	4,093	-845	9,688	-31,319	20,765	13,255	5,497	-10,027	14,065	1,097	-4,176	-19,065	9,541	4,499	4,195	-9,142	16,394	2,566	1,672	1,466
Inventories
5,868	28,766	10,084	14,229	1,654	6,831	-8,447	3,367	2,542	6,494	-10,958	2,828	4,330	-1,028	-2,654	1,550	666	1,295	-4,251	226	13,429	-3,938	312	-5,453	-6,228	3,726	5,533	1,373	5,508	203	8,606	-3,983	-4,360	682	4,456	-3,246
Related party other asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Prepaid expenses and other current assets
1,036	-1,487	1,931	-2,327	-1,886	1,197	776	-1,279	1,009	-194	451	-153	78	1,359	-270	-1,589	88	1,038	699	-1,174	-565	2,014	-135	-893	-818	-2,281	-2,979	-1,257	5,238	-1,647	571	3,438	206	170	-4,102	2,119
Other assets
-119	-202	-317	138	-187	-2,181	178	385	1,846	-6	110	-1,022	103	17	194	16	-491	-30	-30	0	-40	-65	-15	-40	0	0	0	0	-131	-76	142	76	16	3	-149	-4
Accounts payable
-10,272	27,412	16,063	-28,717	11,755	4,011	6,914	-41,394	14,203	19,590	10,163	-33,279	12,113	10,487	10,650	-19,156	-2,716	14,595	-6,088	-20,426	16,377	11,132	7,184	-1,320	2,151	728	-3,152	-3,565	3,015	-294	-269	592	2,300	-1,392	3,584	-4,450
Income taxes receivable (payable)
-	-	-	-2,192	-	-	-	200	1,671	1,573	2,480	-858	-	-	-	-	-	-	-	-	12,531	-6,764	-1,058	-4,696	2,832	1,114	1,615	-2,774	5,035	-2,790	-1,149	-1,752	-	-	-	-
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,036
Accrued liabilities
-	-	37	-1,941	-	-	401	-1,805	-5,648	70	-245	1,318	1,077	1,961	1,503	-1,705	-1,821	-338	1,081	-2,332	1,983	2,851	326	-544	149	-228	-1,173	-305	-184	1,598	231	-1,907	1,310	1,444	153	462
Accrued wages and wage related expenses
-568	361	1,203	-1,563	932	-95	650	-497	3	563	-783	-300	1,017	790	196	-184	68	123	-237	-310	813	385	355	156	-515	227	-623	-961	649	188	-108	-48	428	-1,633	164	88
Other long-term liabilities
-	-	-	-132	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-17	-47	-	-69	61	8	-	-	-9	3	137	-15	-20	-81	-15	-13	-26	-510	436	-59	58	-32	-221	-492	598	43
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-13,994	2,295	-1,200	-	938	1,459	3,792	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales returns liability
2,498	3,876	3,660	-23,287	10,058	8,923	1,463	-6,555	2,812	1,532	2,085	-2,710	115	-1,878	-3,039	-4,235	2,680	-831	2,196	-4,859	1,271	324	1,648	-2,430	3,891	106	-640	-2,190	1,692	-541	373	-225	2,881	-367	502	-205
Other
-474	241	-133	212	159	-41	1,079	-847	-606	-416	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by operating activities
8,581	-11,076	-1,590	-12,137	6,000	-99	10,229	9,728	9,502	13,616	22,659	-11,703	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,071
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,405	-3,986	-	18,156	-3,356	7,476	11,640	-3,925	6,668	11,943	9,564	7,067	5,551	14,182	2,393	3,349	-4,534	16,238	-	-	-	-
Cash flows from investing activities:
Deposits on and purchase of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-71	167
Purchase of property and equipment, net of business acquired
1,700	2,789	1,585	2,628	2,799	1,743	768	1,933	1,974	727	1,245	1,820	2,498	1,435	1,874	2,826	1,901	1,116	438	1,455	1,308	1,633	1,029	460	719	1,000	420	449	489	644	776	855	887	218	309	176
Proceeds from disposal of equipment and land
488	0	0	2	-1	0	0	26	1	-3	31	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	-	-	0
Withholding tax on restricted stock units recorded in accrued wages and wage related expenses
-	-27	-716	782	-	72	-2,589	2,610	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of BRAVEN and HALO
-	-343	0	16,985	-	0	0	0	-	-	-	-	-	-	0	74,743	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to acquire businesses
-	-	0	20,368	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-1,212	-2,785	-1,585	-22,994	-31,651	-5,694	-768	-1,907	-1,973	-730	-1,214	-1,820	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-343
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,874	-77,569	-	-1,116	-438	-1,455	-1,308	-1,633	-1,029	-460	-719	-1,500	-420	-449	-483	-651	-849	-853	-	-	-	-
Cash flows from financing activities:
Payment of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	0	0	122	1,022	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit facility
87,828	66,574	50,634	125,932	119,986	40,233	59,862	138,899	138,341	90,588	83,340	122,557	106,274	87,640	75,930	66,547	0	7,653	-5,434	7,652	40,415	5,222	0	10,438	25,784	7,647	33,875	1,985	23,036	922	985	1,295	1,331	1,000	23,371	4,135
Payments on revolving credit facility
92,051	50,574	48,634	90,932	89,623	32,233	61,504	152,711	131,131	105,007	93,288	113,233	105,162	107,451	76,468	16,003	0	7,653	-5,434	7,652	41,228	4,409	0	27,981	8,240	12,296	46,976	6,409	4,396	0	0	23,000	5,041	0	6,502	3
Proceeds from term loan facility
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	25,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on term loan facility
0	0	0	0	0	0	521	1,563	1,563	1,562	1,562	1,563	1,563	1,562	1,563	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,000	-	-	-	0
Purchase of treasury stock
0	0	0	722	5,999	3,091	3,006	0	0	0	0	1,492	951	0	0	0	-	-	-	-	7,091	0	0	2,488	3,998	0	0	5,999	-	-	-	-	-	-	-	-
Payment of withholdings tax on restricted stock units
-	-	-	-	-	-	-	-	28	0	0	240	9	0	0	621	6	0	0	718	75	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of stock under employee stock purchase plan
-	48	0	13	-	0	55	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of stock under employee stock purchase plan
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	54	1	0	0	206	66	17	52	130	66	18	18	168	206	61	120	508	-	-	-	-
Proceeds from exercise of warrants and options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	498
Excess tax costs related to share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	72	3	-4	570	-455	13	-12	198	14	4	3	1	3	1	1	47	215	7	174	311	242	2	1,223	203
Net cash provided by (used in) financing activities
-4,466	15,942	1,218	34,291	24,102	4,889	-8,018	-15,375	5,619	-16,138	-11,481	6,029	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,833
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,227	74,525	-	-13,318	-12	-314	-7,899	834	55	-19,900	-6,428	-6,630	-15,082	-10,208	1,823	990	1,279	-24,886	-	-	-	-
Effect of foreign currency exchange rates on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-216	190	-251	84	230	-441	-76	-398	21	-103	-40	160	104	-298	100	176	-272	-76	-	-	-	-
Effect of foreign currency exchange rates on cash equivalents
-	-297	53	-164	-	102	-606	310	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
3,132	1,784	-1,904	-1,004	-1,987	-802	837	-7,244	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of foreign currency exchange rates on cash equivalents
-	-	-	-	-	-	-	-	-	316	63	193	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-2,936	10,027	-7,301	2,649	-295	3,088	-6,840	-1,955	3,806	-3,576	5,266	2,357	-5,122	5,715	-8,520	2,377	-903	-9,847	3,227	3,833	3,864	-4,376	-9,577	8,944	4,036	11,686	-606
Supplemental disclosure of cash flow information:
Cash paid during the period for interest
1,433	1,156	1,075	923	547	201	448	478	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the period for interest
-	-	-	-	-	-	-	-	-	-	536	417	-	540	549	17	9	10	9	18	3	25	23	46	123	97	158	83	1,405	853	957	1,262	1,440	1,142	9	11
Cash (refunded) paid during the period for income taxes, net
-4,356	380	1,440	-811	3,394	1,046	4,359	324	143	5	-2,398	76	-	-	-	-	-	-	4,436	5,903	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid (refunded) during the period for taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,090	-	-	-	-	-	-	-	5,753	1,545	1,211	643	3,116	2,645	5,541	5,690	4,660	100	745	5,306	6,944
Supplemental schedule of noncash investing and financing activities:
Purchase of property and equipment financed through accounts payable
-448	291	-245	696	-519	495	363	178	-1,227	1,159	-116	676	-584	108	-246	1,480	-494	287	359	117	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs financed through accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	106	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreclosure on real property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	250	-	-	-	-
Debt issuance costs financed through accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-