v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ (10,552) $ 28,638
Adjustments to reconcile net income (loss) to net cash provided (used in) by operating activities:    
Depreciation and amortization 1,525 1,300
Non-cash lease expense 366 0
Change in fair value of warrant liability 0 3,445
Deferred income taxes (3,481) 2,738
Stock-based compensation 694 1,224
Amortization of discount and premium on investments (230) 0
Changes in operating assets and liabilities:    
Accounts receivable (3,350) 1,306
Prepaid expenses and other assets 4,646 (2,267)
Lease liability (356) 0
Accounts payable 1,443 (2,012)
Accounts payable - related parties (150) 0
Accrued expenses 1,819 (320)
Accrued income taxes 0 0
Other liabilities (1,180) (496)
Net cash provided by (used in) operating activities (8,806) 33,556
Cash flows from investing activities:    
Purchase of patents 0 (1,000)
Purchase of fund investment (700) (900)
Purchase of marketable securities (19,175) 0
Redemption of marketable securities 13,547 0
Leasehold improvements (445) 0
Net cash used in investing activities (6,773) (1,900)
Cash flows from financing activities:    
Repurchase of Finjan Holdings shares 0 (2,024)
Proceeds from exercise of stock options 0 231
Redemption of preferred shares 0 (19,890)
Net cash used in financing activities 0 (21,683)
Net (decrease) increase in cash and cash equivalents (15,579) 9,973
Cash and cash equivalents - beginning 32,011 41,169
Cash and cash equivalents - ending 16,432 51,142
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 0 10,700
Supplemental disclosures of cash flow information, non-cash:    
Accretion of series A-1 preferred stock to redemption value 0 925
Changes in accounts receivable, adoption of ASC 606 3,350 (1,306)
Reclassification of warrant liability to equity 0 4,541
Accounting Standards Update 2014-09    
Changes in operating assets and liabilities:    
Accounts receivable 0 (2,550)
Supplemental disclosures of cash flow information, non-cash:    
Changes in accounts receivable, adoption of ASC 606 0 2,550
Changes in deferred tax, adoption of ASC 606 $ 0 $ 678

Source