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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    -299.7-192.8-150.578.7124.9143.2
    Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:          
        Depreciation and amortization    24.722.820.517.916.114.0
        Loss on disposal of property, equipment, and software    1.51.20.91.00.70.4
        Share-based compensation expense    7.17.77.06.55.23.9
        Deferred income taxes    -93.5-65.1-55.418.433.037.1
        Amortization of debt issuance costs and debt discount    5.55.14.73.43.33.3
        Write-off of debt issuance costs         2.6
        Accrued interest payable in kind          
        Non-cash lease expense    4.14.04.03.93.82.9
        Changes in operating assets and liabilities:          
            Accounts receivable    -22.8-30.60.0-17.0-20.0-45.6
            Commissions receivable    7.3-74.1-153.7-344.8-332.9-306.1
            Other assets    -10.9-7.8-2.60.14.8-0.4
            Accounts payable and accrued expenses    -4.51.619.221.519.729.0
            Operating lease liabilities    -5.1-5.0-5.2-4.1-3.8-2.6
            Other liabilities    0.4-5.9-9.718.125.635.6
                Net cash used in operating activities    -338.3-338.9-318.0-193.2-115.4-80.7
   
CASH FLOWS FROM INVESTING ACTIVITIES:          
    Purchases of property and equipment    -24.8-32.9-27.0-20.0-14.9-9.8
    Purchases of software and capitalized software development costs    -9.9-9.8-9.9-9.5-8.1-7.5
    Acquisition of business       -48.1-41.0-59.7
        Net cash used in investing activities    -42.6-67.8-86.0-77.6-64.0-77.0
   
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    -0.682.30.10.00.0-81.7
    Payments on other debt    -0.2-0.2-0.3 -0.3-31.6
    Proceeds from common stock options exercised and employee stock purchase plan     3.33.83.81.91.9
    Payments of tax withholdings related to net share settlement of equity awards     -0.5-5.2-8.0-10.4-10.0
    Payments of debt issuance costs      -1.2  -1.0
    Payment of acquisition holdback     -5.5    
        Net cash (used in) provided by financing activities    235.4237.0351.5107.097.0443.1
   
SUPPLEMENTAL CASH FLOW INFORMATION:          
    Interest paid, net    -38.0-34.7-29.5-27.7-26.0-27.2
    Income taxes paid, net    -0.2-0.2-0.1-0.2-0.20.0

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