Benefytt Technologies, 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

	FY2019 12 months to Dec 31, 2019	FY2018 12 months to Dec 31, 2018	FY2017 12 months to Dec 31, 2017	FY2016 12 months to Dec 31, 2016	FY2015 12 months to Dec 31, 2015
Operating activities
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation
Fair value adjustment to contingent acquisition consideration
Gain on deconsolidation of variable interest entity
Impairment of assets
Provision for allowance for doubtful accounts
Depreciation and amortization
Deferred financing costs
Deferred income taxes
Deferred income taxes related to the Tax Act

Changes in operating assets and liabilities:
Increase in restricted cash
(Increase) decrease in accounts receivable, prepaid expenses and other assets
(Increase) decrease in advanced commissions
Increase in income taxes receivable
Increase in contract asset
Increase in accounts payable, accrued expenses and other liabilities
(Decrease) increase in commission payable
(Decrease) increase in deferred revenue
(Decrease) increase in income taxes payable, net
(Decrease) increase in due to member pursuant to tax receivable agreement
Net cash provided by (used in) operating activities
Decrease in due to member related to the Tax Act
Net cash (used in) provided by operating activities

Investing activities:
Business acquisitions, net of cash acquired
Acquisition of domain name
Capitalized internal-use software and website development costs
Proceeds from repayment of loan to distributors
Proceeds from note receivable
Maturities of held-to-maturity investments
Purchases of property and equipment
Proceeds from borrowings under revolving line of credit
Purchases of Class A common stock pursuant to share repurchase plan
Class A common stock withheld in treasury from restricted share vesting
Net cash used in investing activities

Financing activities:
Proceeds from borrowings under credit agreement
Payments on borrowings under credit agreement
Payments for contingent acquisition consideration
Payments for noncompete obligation
Payments of contingent acquisition consideration
Payments related to tax withholding for share-based compensation
Issuances of Class A common stock under equity compensation plans
Issuances of Class A common stock from treasury
Purchases of Class A common stock pursuant to share repurchase plan
Distributions to member
Net cash (used) provided by financing activities
Net cash provided by (used in) financing activities

Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Net (decrease) increase in cash and cash equivalents, and restricted cash
Cash and cash equivalents, and restricted cash at beginning of period
Cash and cash equivalents, and restricted cash at end of period
Supplemental cash flow information:
Declared but unpaid distribution to member of Health Plan Intermediaries Holdings, LLC
Cash paid during the period for:
Income taxes, net
Interest
Non-cash investing activities:
Business acquisition - equity consideration
Business acquisition - contingent consideration
Business acquisition - cash withheld by HIIQ to fund post-closing adjustments
Capitalized stock-based compensation
Loss on disposal of assets
Non-cash financing activities:
Change in due to member related to Exchange Agreement
Change in deferred tax asset related to Exchange Agreement
Issuance of Class A common stock in a private offering related to Exchange Agreement
Exchange of Class B membership interests related to Exchange Agreement
Declared but unpaid distribution to member of Health Plan Intermediaries Holdings, LLC
Reversal of accrued distribution to member of Health Plan Intermediaries Holdings, LLC due to adoption of Sec. 451 (b) proposed regulations

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