|
Textura Corporation |
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|
Consolidated Statements of Cash Flows (unaudited) |
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|
(in thousands) |
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|
Three Months Ended December 31, |
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|
2013 |
2012 |
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|
Cash flows from operating activities |
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|
Net loss |
$ (6,676) |
$ (6,043) |
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|
Adjustments to reconcile net loss to net cash used in operating activities: |
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|
Depreciation and amortization |
1,560 |
760 |
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|
Deferred income taxes |
(1,026) |
35 |
||
|
Non-cash interest expense |
62 |
1,934 |
||
|
Change in fair value of conversion option liability |
- |
(288) |
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|
Share‑based compensation |
1,583 |
661 |
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|
Changes in operating assets and liabilities, net of acquisitions: |
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|
Accounts receivable |
(1,107) |
7 |
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|
Prepaid expenses and other assets |
(594) |
(200) |
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|
Deferred revenue, including long-term portion |
1,789 |
(20) |
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|
Accounts payable |
(278) |
636 |
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|
Accrued expenses and other |
(1,479) |
431 |
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|
Net cash used in operating activities |
(6,166) |
(2,087) |
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|
Cash flows from investing activities |
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|
Decrease in restricted cash |
1,000 |
- |
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|
Purchases of property and equipment |
(1,351) |
(19) |
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|
Acquisitions of businesses, net of cash acquired |
(34,880) |
- |
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|
Net cash used in investing activities |
(35,231) |
(19) |
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|
Cash flows from financing activities |
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|
Partner's investment in joint venture |
- |
208 |
||
|
Principal payments on loan payable |
(10,223) |
- |
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|
Payments on capital leases |
(190) |
- |
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|
Proceeds from debt issuances |
106 |
- |
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|
Proceeds from exercise of stock options and warrants |
2,174 |
- |
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|
Deferred finance and offering costs |
(1,033) |
(386) |
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|
Net cash used in financing activities |
(9,166) |
(178) |
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|
Effect of changes in foreign exchange rates on cash and cash equivalents |
(35) |
- |
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|
Net decrease in cash and cash equivalents |
$ (50,598) |
$ (2,284) |
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|
Cash and cash equivalents |
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|
Beginning of period |
127,728 |
4,174 |
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|
End of period |
$ 77,130 |
$ 1,890 |
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