ZAGG Inc ZAGG Cash Flow

Zagg inc (ZAGG)
CashFlow / TTM

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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,360	9,097	15,587	23,631	15,573	12,673	10,461	-4,583	2,919	4,902	4,790	7,028	7,233	10,269	14,505	23,938	22,650	19,438	17,584	0	0	0
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net income (loss)
-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
4,022	4,135	4,261	3,593	3,009	3,231	3,374	3,533	3,602	2,691	3,175	3,164	3,830	4,860	4,374	4,353	3,893	3,312	2,887	2,604	2,248	2,609	2,929	3,608	4,126	4,257	5,550	5,714	5,707	5,195	3,515	3,985	3,258	0	0	0
Excess tax costs (benefits) related to share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	641	114	124	116	-256	213	204	219	22	11	8	6	52	264	270	443	707	734	729	2,184	1,670	0	0	0
Depreciation and amortization
23,903	22,965	21,314	19,247	18,288	18,711	20,097	21,138	21,889	19,671	18,725	22,622	22,271	22,490	21,452	15,419	12,933	13,281	12,896	12,829	12,899	12,188	11,991	12,072	12,157	12,178	12,093	11,840	11,559	10,982	10,555	8,568	5,926	0	0	0
Loss on disposal of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Deferred income tax assets
-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	-2,209	-	-6,134	-5,482	-5,591	-5,770	-5,876	-5,884	-5,814	-5,787	-7,156	-8,120	-8,427	-8,293	-4,567	-3,937	-3,519	-3,908	0	0	0
Expense related to issuance of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	311	311	311	377	0	0	0
Expense related to issuance of stock for consulting
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	0	0
Loss on disposal of property and equipment
-111	-131	-35	-26	-38	-30	-30	-44	-34	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	313	0	0	0	-	-	-	-
Amortization of deferred loan costs
301	205	186	170	191	218	249	274	263	253	241	242	202	152	108	64	60	67	66	66	66	78	93	106	120	202	327	452	708	752	753	615	329	0	0	0
Impairment of intangible asset
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of intangible asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right of use asset expenses
2,497	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on investment in equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,013	-3,221	-3,154	-3,010	-2,866	0	0	0	-	-	0	0
Changes in operating assets and liabilities (net of amounts acquired):
Accounts receivable, net
-13,693	20,041	15,431	17,853	33,119	18,304	12,125	11,789	38,093	13,145	5,903	5,952	11,587	14,589	-2,418	-5,161	-18,383	-1,711	12,389	8,198	29,490	22,790	10,632	959	-8,079	-12,603	-9,201	-830	9,093	15,946	14,013	11,490	22,098	0	0	0
Inventories
58,947	54,733	32,798	14,267	3,405	4,293	3,956	1,445	906	2,694	-4,828	3,476	2,198	-1,466	857	-740	-2,064	10,699	5,466	10,029	4,350	-15,307	-7,643	-2,422	4,404	16,140	12,617	15,690	10,334	466	945	-3,205	-2,468	0	0	0
Related party other asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Prepaid expenses and other current assets
-847	-3,769	-1,085	-2,240	-1,192	1,703	312	-13	1,113	182	1,735	1,014	-422	-412	-733	236	651	-2	974	140	421	168	-4,127	-6,971	-7,335	-1,279	-645	2,905	7,600	2,568	4,385	-288	-1,607	0	0	0
Other assets
-500	-568	-2,547	-2,052	-1,805	228	2,403	2,335	928	-815	-792	-708	330	-264	-311	-535	-551	-100	-135	-120	-160	-120	-55	-40	0	-131	-207	-65	11	158	237	-54	-134	0	0	0
Accounts payable
4,486	26,513	3,112	-6,037	-18,714	-16,266	-687	2,562	10,677	8,587	-516	-29	14,094	-735	3,373	-13,365	-14,635	4,458	995	14,267	33,373	19,147	8,743	-1,593	-3,838	-2,974	-3,996	-1,113	3,044	2,329	1,231	5,084	42	0	0	0
Income taxes receivable (payable)
-	-	-	-6,219	-	-	-	5,924	4,866	0	0	0	-	-	-	-	-	-	-	-	13	-9,686	-1,808	865	2,787	4,990	1,086	-1,678	-656	0	0	0	-	-	-	-
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Accrued liabilities
-	-	0	611	-	-	-6,982	-7,628	-4,505	2,220	4,111	5,859	2,836	-62	-2,361	-2,783	-3,410	394	3,583	2,828	4,616	2,782	-297	-1,796	-1,557	-1,890	-64	1,340	-262	1,232	1,078	1,000	3,369	0	0	0
Accrued wages and wage related expenses
-567	933	477	-76	990	61	719	-714	-517	497	724	1,703	1,819	870	203	-230	-356	389	651	1,243	1,709	381	223	-755	-1,872	-708	-747	-232	681	460	-1,361	-1,089	-953	0	0	0
Other long-term liabilities
-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	0	191	-	0	0	0	-	-	116	105	21	-131	-129	-135	-564	-113	-159	-75	403	-254	-687	-147	-72	0	0	0
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales returns liability
-13,253	-5,693	-646	-2,843	13,889	6,643	-748	-126	3,719	1,022	-2,388	-7,512	-9,037	-6,472	-5,425	-190	-814	-2,223	-1,068	-1,616	813	3,433	3,215	927	1,167	-1,032	-1,679	-666	1,299	2,488	2,662	2,791	2,811	0	0	0
Other
-154	479	197	1,409	350	-415	-790	-1,869	-1,022	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by operating activities
-16,222	-18,803	-7,826	3,993	25,858	29,360	43,075	55,505	34,074	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	13,070	-	33,916	11,835	21,859	26,326	24,250	35,242	34,125	36,364	29,193	25,475	15,390	17,446	0	0	0	-	-	-	-
Cash flows from investing activities:
Deposits on and purchase of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	96	0	0	0
Purchase of property and equipment, net of business acquired
8,702	9,801	8,755	7,938	7,243	6,418	5,402	5,879	5,766	6,290	6,998	7,627	8,633	8,036	7,717	6,281	4,910	4,317	4,834	5,425	4,430	3,841	3,208	2,599	2,588	2,358	2,002	2,358	2,764	3,162	2,736	2,269	1,590	0	0	0
Proceeds from disposal of equipment and land
490	1	1	1	25	27	24	55	29	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0
Withholding tax on restricted stock units recorded in accrued wages and wage related expenses
-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of BRAVEN and HALO
-	0	0	0	-	0	0	0	-	-	-	-	-	-	74,743	74,743	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to acquire businesses
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-28,576	-59,015	-61,924	-61,107	-40,020	-10,342	-5,378	-5,824	-5,737	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-81,024	-	-4,317	-4,834	-5,425	-4,430	-3,841	-3,708	-3,099	-3,088	-2,852	-2,003	-2,432	-2,836	0	0	0	-	-	-	-
Cash flows from financing activities:
Payment of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	1,144	1,144	1,144	1,022	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit facility
330,968	363,126	336,785	346,013	358,980	377,335	427,690	451,168	434,826	402,759	399,811	392,401	336,391	230,117	150,130	68,766	9,871	50,286	47,855	53,289	56,075	41,444	43,869	77,744	69,291	66,543	59,818	26,928	26,238	4,533	4,611	26,997	29,837	0	0	0
Payments on revolving credit facility
282,191	279,763	261,422	274,292	336,071	377,579	450,353	482,137	442,659	416,690	419,134	402,314	305,084	199,922	100,124	18,222	9,871	51,099	47,855	53,289	73,618	40,630	48,517	95,493	73,921	70,077	57,781	10,805	27,396	28,041	28,041	34,543	11,546	0	0	0
Proceeds from term loan facility
-	-	-	-	-	-	-	-	-	-	-	-	25,000	25,000	25,000	25,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on term loan facility
0	0	0	521	2,084	3,647	5,209	6,250	6,250	6,250	6,250	6,251	4,688	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0
Purchase of treasury stock
722	6,721	9,812	12,818	12,096	6,097	3,006	0	1,492	2,443	2,443	2,443	951	0	0	0	-	-	-	-	9,579	6,486	6,486	6,486	9,997	0	0	0	-	-	-	-	-	-	-	-
Payment of withholdings tax on restricted stock units
-	-	-	-	-	-	-	-	268	249	249	249	630	627	627	627	724	793	793	793	75	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of stock under employee stock purchase plan
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of stock under employee stock purchase plan
-	-	-	-	-	-	-	-	-	-	-	-	54	55	55	55	207	272	289	341	265	265	266	232	270	410	453	555	895	0	0	0	-	-	-	-
Proceeds from exercise of warrants and options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Excess tax costs related to share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	641	114	124	116	-256	213	204	219	22	11	8	6	52	264	270	443	707	734	729	1,778	1,670	0	0	0
Net cash provided by (used in) financing activities
46,985	75,553	64,500	55,264	5,598	-12,885	-33,912	-37,375	-15,971	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	59,136	-	-21,543	-7,391	-7,324	-26,910	-25,439	-32,903	-48,040	-38,348	-30,097	-22,477	-6,116	-20,794	0	0	0	-	-	-	-
Effect of foreign currency exchange rates on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-193	253	-378	-203	-685	-894	-556	-520	38	121	-74	66	82	-294	-72	0	0	0	-	-	-	-
Effect of foreign currency exchange rates on cash equivalents
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
2,008	-3,111	-5,697	-2,956	-9,196	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of foreign currency exchange rates on cash equivalents
-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	2,439	5,080	-1,859	-1,398	-6,002	-1,901	-8,565	3,541	7,853	-1,075	8,216	-5,570	-5,550	-1,331	-16,893	-5,146	-3,690	1,077	6,548	-6,256	-1,145	-973	15,089	24,060	0	0	0
Supplemental disclosure of cash flow information:
Cash paid during the period for interest
4,587	3,701	2,746	2,119	1,674	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the period for interest
-	-	-	-	-	-	-	-	-	-	0	1,897	-	1,115	585	45	46	40	55	69	97	217	289	424	461	1,743	2,499	3,298	4,477	4,512	4,801	3,853	2,602	0	0	0
Cash (refunded) paid during the period for income taxes, net
-3,347	4,403	5,069	7,988	9,123	5,872	4,831	-1,926	-2,174	0	0	0	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid (refunded) during the period for taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	9,152	6,515	7,615	11,945	16,992	18,536	15,991	11,195	10,811	13,095	0	0	0
Supplemental schedule of noncash investing and financing activities:
Purchase of property and equipment financed through accounts payable
294	223	427	1,035	517	-191	473	-6	492	1,135	84	-46	758	848	1,027	1,632	269	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs financed through accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreclosure on real property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	250	0	0	0	-	-	-	-
Debt issuance costs financed through accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-