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SelectQuote, Inc. (SLQT)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsMar-31-23Dec-31-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21Mar-31-21
   10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
CASH FLOWS FROM OPERATING ACTIVITIES:          
    Net loss  9.322.5-106.9-7.0-140.4-45.40.035.2
    Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:          
        Depreciation and amortization  7.1 6.86.76.25.14.94.3
        Loss on disposal of property, equipment, and software  0.00.00.70.40.00.40.40.1
        Share-based compensation expense  3.0 0.82.11.92.21.51.4
        Deferred income taxes  3.2 -27.1-2.9-47.7-15.81.36.8
        Amortization of debt issuance costs and debt discount  8.62.31.21.22.10.90.90.8
        Write-off of debt issuance costs         2.6
        Accrued interest payable in kind          
        Non-cash lease expense  1.0 1.01.01.01.01.01.0
        Changes in operating assets and liabilities:          
            Accounts receivable  -76.8 37.1-18.6-58.617.329.212.0
            Commissions receivable  131.8 -0.347.517.9-57.8-81.7-32.1
            Other assets  1.6 -2.6-2.7-2.6-3.00.52.4
            Accounts payable and accrued expenses  5.5 -12.6-7.022.1-6.9-6.510.5
            Operating lease liabilities  -1.9 -1.3-1.2-1.4-1.3-1.2-1.4
            Other liabilities  -26.9 1.51.9-19.116.2-4.8-2.0
                Net cash used in operating activities  62.724.9-54.021.4-218.7-87.1-54.542.2
   
CASH FLOWS FROM INVESTING ACTIVITIES:          
    Purchases of property and equipment  -0.5 -0.3-6.6-10.1-7.8-8.4-0.8
    Purchases of software and capitalized software development costs  -1.9 -2.3-2.3-2.2-3.0-2.3-2.4
    Acquisition of business       -6.9-17.1-24.0
    Investment in equity securities      -1.0   
        Net cash used in investing activities  -2.4 -2.6-9.0-13.3-17.8-27.8-27.1
   
CASH FLOWS FROM FINANCING ACTIVITIES:          
    Proceeds from Revolving Credit Facility      50.0   
    Payments on Revolving Credit Facility      -50.0   
    Proceeds from Term Loans      242.0   
    Payments on Term Loans  -4.5 1.2-1.80.00.084.1-84.0
    Payments on other debt  0.0 -0.10.0-0.1 -0.1-0.2
    Proceeds from common stock options exercised and employee stock purchase plan  0.1  0.90.12.20.11.4
    Payments of tax withholdings related to net share settlement of equity awards  0.0  0.00.0-0.1-0.3-4.7
    Payments of debt issuance costs      -0.3  -0.9
    Payment of acquisition holdback     -5.5    
        Net cash (used in) provided by financing activities  -4.4 -1.8-6.4241.72.0-0.3108.1
    NET DECREASE IN CASH AND CASH EQUIVALENTS  56.0  6.0-93.1   
   
SUPPLEMENTAL CASH FLOW INFORMATION:          
    Interest paid, net  -15.4 -11.0-11.6-7.8-7.7-7.7-6.4
    Income taxes paid, net  0.0 -0.10.00.00.0-0.10.0

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