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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 11 Months Ended 12 Months Ended
Jan. 31, 2017
Dec. 31, 2018
Mar. 31, 2018
Dec. 31, 2017
Mar. 31, 2017
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:                  
Net (loss) income   $ 4,865 $ (540) $ (3,112) $ (7,761) $ (10,174) $ (7,244)    
Adjustments to reconcile net (loss) income to net cash provided by operating activities:                  
Depreciation and amortization           16,645 15,671    
Share-based compensation           1,846 5,826    
Provision for bad debt           1,401 1,236    
Debt origination costs amortization           335 4,448 $ 335  
Deferred taxes           370 191    
Debt extinguishment costs           0 1,843    
Loss on disposals of property and equipment           128 216    
Total adjustments           20,725 29,431    
Changes in operating assets and liabilities:                  
Accounts receivable           (29,173) 14,337    
Prepaid wires           (4,144) (19,000)    
Other prepaid expenses and assets           (1,011) (2,080)    
Wire transfers and money orders payable           27,638 (11,899)    
Accounts payable and accrued other           3,556 16,293    
Net cash provided by operating activities           7,417 19,838    
Cash flows from investing activities:                  
Purchases of property and equipment           (4,351) (5,331)    
Net cash used in acquisition           (924) 0    
Acquisition of agent locations           0 (120)    
Net cash used in investing activities           (5,275) (5,451)    
Cash flows from financing activities:                  
Borrowings under term loan           102,000 90,000    
Proceeds from reverse recapitalization           0 101,664    
Cash consideration to Intermex shareholders           0 (101,659)    
Borrowings (repayments) under revolving loan, net           12,000 10,000    
Repayment of term loan           (76,212) (95,788)    
Debt origination costs           (4,683) (3,487)    
Debt extinguishment costs   (1,800)       0 (1,843)    
Common dividend distributions           (20,178) 0    
Purchase of common stock           0 0    
Net cash (used in) provided by financing activities           12,927 (1,113)    
Effect of exchange rate changes on cash           98 (40)    
Net increase in cash and restricted cash           15,167 13,234    
Cash and restricted cash, beginning of the period     $ 59,795     44,628 59,795    
Cash and restricted cash, end of the period $ 44,628 $ 73,029   $ 59,795   59,795 73,029 59,795  
Supplemental disclosure of cash flow information:                  
Interest payments           11,687 10,703    
Income tax payments           400 1,495    
Supplemental disclosure of non-cash financing activity:                  
Agent businesses acquired in exchange for receivables           640 0    
Intermex transaction accruals settled by acquisition proceeds           0 9,062    
Net assets acquired in the Merger           0 $ 922    
Predecessor Company [Member]                  
Cash flows from operating activities:                  
Net (loss) income (3,318)               $ 9,400
Adjustments to reconcile net (loss) income to net cash provided by operating activities:                  
Depreciation and amortization 382               2,530
Share-based compensation 2,916               63
Provision for bad debt 84               909
Debt origination costs amortization 39               2,671
Deferred taxes (2,214)               3,719
Debt extinguishment costs 0               0
Loss on disposals of property and equipment 12               173
Total adjustments 1,219               10,065
Changes in operating assets and liabilities:                  
Accounts receivable 3,612               (15,866)
Prepaid wires 7,849               777
Other prepaid expenses and assets 71               (302)
Wire transfers and money orders payable (1,884)               13,759
Accounts payable and accrued other 1,103               4,563
Net cash provided by operating activities 8,652               22,396
Cash flows from investing activities:                  
Purchases of property and equipment (249)               (3,012)
Net cash used in acquisition 0               0
Acquisition of agent locations 0               0
Net cash used in investing activities (249)               (3,012)
Cash flows from financing activities:                  
Borrowings under term loan 0               40,332
Proceeds from reverse recapitalization 0               0
Cash consideration to Intermex shareholders 0               0
Borrowings (repayments) under revolving loan, net (2,000)               (2,000)
Repayment of term loan 0               (1,287)
Debt origination costs 0               (2,316)
Debt extinguishment costs 0               0
Common dividend distributions 0               (1,287)
Purchase of common stock 0               (34,000)
Net cash (used in) provided by financing activities (2,000)               (558)
Effect of exchange rate changes on cash (16)               (150)
Net increase in cash and restricted cash 6,387               18,676
Cash and restricted cash, beginning of the period 38,241       $ 38,241 $ 44,628   $ 38,241 19,565
Cash and restricted cash, end of the period 44,628               38,241
Supplemental disclosure of cash flow information:                  
Interest payments 659               6,765
Income tax payments 0               155
Supplemental disclosure of non-cash financing activity:                  
Agent businesses acquired in exchange for receivables 0               343
Intermex transaction accruals settled by acquisition proceeds 0               0
Net assets acquired in the Merger $ 0               $ 0