Overstock.com 2015 Annual Report Download - page 89
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Consolidated net income $ 1,220
$ 8,801
$ 84,378
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of fixed assets 23,516
17,961
14,433
Amortization of intangible assets 1,581
103
89
Stock-based compensation to employees and directors 3,526
4,035
3,251
Deferred income taxes 1,483
3,741
(68,520)
Amortization of debt issuance costs 21
—
—
Loss on investment in precious metals 1,183
1,269
1,457
Loss on investment in cryptocurrency 152
8
—
Restructuring reversals —
(360)
(471)
Ineffective portion of loss on cash flow hedge 124
—
—
Termination costs of cryptobond financing 850
—
—
Other 9
(16)
(15)
Changes in operating assets and liabilities, net of acquisitions:
Restricted cash —
1,000
200
Accounts receivable, net 3,463
(2,916)
3,226
Inventories, net 6,166
835
(579)
Prepaid inventories, net 1,903
(1,410)
108
Prepaids and other current assets (1,338)
(1,455)
(536)
Other long-term assets, net 66
26
2
Accounts payable 10,482
21,652
28,180
Accrued liabilities (4,153)
15,607
17,959
Deferred revenue 2,493
11,130
(1,090)
Other long-term liabilities 1,769
823
1,573
Net cash provided by operating activities 54,516
80,834
83,645
Purchases of marketable securities (14)
(23)
(132)
Sales of marketable securities 35
77
292
Purchases of intangible assets (225)
(135)
(13)
Investment in precious metals —
(2,496)
(8,080)
Investment in cryptocurrency —
(300)
—
Equity method investment (152)
(250)
—
Disbursements for note receivable (5,000)
—
—
Cost method investments (7,000)
—
—
Acquisitions of businesses, net of cash acquired (10,601)
—
—
Expenditures for fixed assets, including internal-use software and website development (59,513)
(41,346)
(18,067)
Proceeds from sale of fixed assets 39
43
—
Net cash used in investing activities (82,431)
(44,430)
(26,000)
Payments on capital lease obligations (362)
(325)
(2,563)
Paydown on direct financing arrangement (309)
(282)
(258)
Payments on finance obligations (104)
—
—
Payments on interest swap (57)
—
—
Proceeds from finance obligations 5,698
—
—
Proceeds from short-term debt 5,500
—
—
Payments on short-term debt (750)
—
—
Proceeds from long-term debt 9,488
—
—
Change in restricted cash 150
—
125
Proceeds from exercise of stock options 270
511
1,560
Purchase of treasury stock (2,367)
(2,301)
(1,391)
Payment of debt issuance costs (621)
(1,031)
—
Net cash provided by (used in) financing activities 16,536
(3,428)
(2,527)