GlassBridge Enterprises, Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019	FY2018 12 months to Dec 31, 2018
Cash Flows from Operating Activities:
Net income (loss)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization
Goodwill impairment
Stock-based compensation
Unrealized gain on Arrive investment
Unrealized gain on SportBLX investment
Intangible assets impairment
Pension settlement and curtailments
Payment-in-Kind interest
Gain on Chapter 11 reorganization
Gain on sale and deconsolidation of SportBLX
Loss on sale of investments
Gain on sale of assets and businesses
Short term investment
Other, net
Defined benefit plan adjustment
Bank Loan forgiveness
Change in non-controlling interest

Changes in operating assets and liabilities:
Accounts receivable
Inventories
Prepaid expenses
Other current assets
Other assets
Accounts payable
Other current liabilities
Other liabilities

Net cash used in operating activities
Cash Flows from Investing Activities:
Purchase of investments
Proceeds from sale of investments
Proceeds from fund distribution
Proceeds from sale of assets and businesses
Disbursement related to disposal group
Proceeds from sale of unsecured claims from related party pursuant to Chapter 11 reorganization
Proceeds from sale of platform code to a related party
Proceeds from sale of SportBLX to a related party
Collection of notes receivable from related party pursuant to Chapter 11 reorganization
Proceeds from bankruptcy trust pursuant to Chapter 11 reorganization
Proceeds received for the assignment of related party notes receivable and accrued interest to Fintech Debt Corp
Purchase of property and equipment
Purchase of SportBLX
Net cash provided by (used in) investing activities

Cash Flows from Financing Activities:
Proceeds from ESW debtor-in-possession note payable
Proceeds from GHI LLC note payable
Repayment of Orix note payable
Proceeds from ESW note payable
Proceeds from Bank Loan
Proceeds from other related parties notes payable
Proceeds from sale of equity interest in Adara Enterprises Corp
Payment to satisfy in full the Stock Purchase Agreement notes payable
Payment to satisfy $1,500,000 of related party debt
Proceeds from sale of warrants
Net cash provided by financing activities

Net change in cash and cash equivalents
Cash and cash equivalents — beginning of year
Cash and cash equivalents — end of year (a)
Supplemental disclosures of cash paid during the year:
Income taxes (net of refunds received)
Interest expense
Acquisition of Orix PTP Holdings, LLC’s 201 shares of AEC common stock
Payment of accrued interest to Orix PTP Holdings, LLC
Payment of deferred financing costs
Total non-cash related to ESW note payable
Notes payable issued for purchase of SportBLX
Recognition of non-controlling interest - SportBLX
Recognition of non-controlling interest - Adara Enterprises Corp
Disposition of AAM to a related party including Orix notes payable
Non-cash investing and financing activities during the period:
Extinguishment of ESW note payable in Chapter 11 reorganization
Extinguishment of debtor-in-possession loan in Chapter 11 reorganization
Forgiveness of Bank Loan
Extinguishment of Stock Purchase Agreement Notes Payable
Recognition of related party debt and accrued interest payable to Fintech Debt Corp.
Extinguishment of related party debt and accrued interest payable to Fintech Debt Corp.
Total non-cash investing and financing activities during the period
Current assets:
Cash and cash equivalents
Restricted cash included in other current assets
Restricted cash included in non-current assets of discontinued operations
Restricted cash in other current assets
Total cash and cash equivalents

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