Textura Corporation

Consolidated Statements of Cash Flows (unaudited)

(in thousands)

Three Months Ended

Twelve Months Ended

December 31,

December 31,

2015

2014

2015

2014

Cash flows from operating activities

Net loss   

$ (8,214)

$ (3,907)

$(16,596)

$(24,855)

Adjustments to reconcile net loss to net cash provided by operating activities:

Depreciation and amortization   

2,361

1,903

8,628

7,741

Asset impairment charge

1,070

-

1,070

-

Deferred income taxes

80

80

320

320

Non-cash interest income

-

-

-

(1)

Shareâ�‘based compensation   

6,326

1,971

14,108

8,375

Changes in operating assets and liabilities:

  Accounts receivable   

3,546

(1,082)

1,807

(2,680)

  Prepaid expenses and other assets   

(361)

563

(223)

808

  Deferred revenue, including long-term portion   

(1,291)

1,946

8,246

9,762

  Accounts payable   

456

58

812

418

  Accrued expenses and other   

2,154

163

2,134

1,937

Net cash provided by operating activities   

6,127

1,695

20,306

1,825

Cash flows from investing activities

Increase in restricted cash and escrow funds

(466)

-

(1,060)

(1,250)

Purchases of property and equipment, including software development costs   

(2,222)

(2,339)

(13,301)

(8,133)

Net cash used in investing activities   

(2,688)

(2,339)

(14,361)

(9,383)

Cash flows from financing activities

Principal payments on loan payable

-

(141)

-

(246)

Payments on capital leases

-

(217)

(412)

(825)

Proceeds from exercise of options and warrants

2,455

1,922

6,919

4,135

Buyout of non-controlling interest

-

-

-

(1,563)

Net repurchase of common shares 

(326)

(24)

(386)

(4,092)

Net cash provided by (used in) financing activities   

2,129

1,540

6,121

(2,591)

Effect of changes in foreign exchange rates on cash and cash equivalents

(66)

(173)

(155)

(223)

Net increase (decrease) in cash and cash equivalents   

5,502

723

11,911

(10,372)

Cash and cash equivalents

Beginning of period   

73,167

66,035

66,758

77,130

End of period   

$ 78,669

$ 66,758

$  78,669

$  66,758