ICONIX BRAND GROUP, 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

	FY2020 12 months to Dec 31, 2020	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
Cash flows from operating activities:
Net loss from continuing operations
Income from discontinued operations
Net loss
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation of property and equipment
Amortization of trademarks and other intangibles
Depreciation and amortization
Amortization of deferred financing costs and debt discount
Amortization of debt discount
Amortization of deferred rent
Third party fees associated with the issuance of 5.75% Convertible Notes
Interest expense on 5.75% Convertible Notes paid in shares
Stock-based compensation expense
Non-cash gain on re-measurement of equity investment
Iconix China
Total non-cash gain on re-measurement of equity investment

Provision for doubtful accounts
Write-off of contract asset accounts
Periodic lease cost
Write-off of receivable due from Iconix India joint venture partner
(Earnings) loss on equity investments in joint ventures
Distributions from equity investments
Gain on deconsolidation of joint venture
Impairment of trademarks and goodwill
Contract asset impairment
Asset impairment
Goodwill impairment
Trademark impairment
Impairment of equity method investment
Settlement of note receivable related to formation of Buffalo joint venture
Mark to market adjustment on convertible note
Gain on debt to equity conversions
Gains on sale of trademarks, net
BBC and Ice Cream brands
Total gains on sale of trademarks, net

Loss on sale of NGX
Gain on sale of Complex Media
Complex Media Inc.
Total gain on sale of Complex Media
Loss (gain) on debt to equity conversions
Gain on sale of trademarks and other investments
(Gain) on extinguishment of debt
Gain on settlement with former management
Loss on other equity investment
Income on other equity investment
Deferred income tax expense
(Gain) Loss on foreign currency translation
Changes in operating assets and liabilities:
Accounts receivable
Other assets – current
Other assets
Deferred revenue
Accounts payable and accrued expenses
Other tax liabilities
Other liabilities
Net cash provided by continuing operating activities
Net cash used in discontinued operating activities

Net Cash provided by operating activities

Cash flows provided by (used in) investing activities:
Purchases of property and equipment
Acquisition of trademarks and other investments
Issuance of loan to equity investee
Iconix Canada
Total issuance of loan to equity investee
Proceeds from sale of other investments
Acquisition of trademarks
Iconix Southeast Asia
Total acquisition of trademarks
Proceeds from sale of interest
Acquisition of Badgley Mischka and Sharper Image trademarks in certain international joint ventures
Acquisition of additional interest
Iconix Australia
Total acquisition of additional interest

Acquisition of interest
Galore Media
LC Partners US
Proceeds from sale of rights
Badgley Mischka Intellectual Property / MJCLK Apparel License
Sharper Image
Certain Badgley Mischka Related Assets in Respect of the Greater China Territory
TangLi International Holdings Ltd.
Mecox Lane Limited
Badgley Mischka In Certain International Joint Ventures
Badgley Mischka Canada
Sharper Image Canada

Proceeds from note receivable from formation of Buffalo joint venture
Buffalo Brand Joint Venture
American Greetings Corporation
Buffalo International Unlimited Liability Corporation

Proceeds from loan to equity investee
Marcy Media Holdings, LLC
Total proceeds from loan to equity investee
Proceeds from sale of NGX
Proceeds from sale of interest in Complex Media
Proceeds from sale of discontinued operation, net of cash sold
Proceeds from sale of trademarks and related notes receivable
Umbro China
Total proceeds from sale of trademarks and related notes receivable
Decrease in cash and cash equivalents from deconsolidation of joint venture
Net cash provided by (used in) continuing investing activities
Net cash used in discontinued investing activities
Proceeds from sale of trademarks and investments
Net cash provided by investing activities

Cash flows (used in) financing activities:
Proceeds from Variable Funding Notes
Proceeds from long-term debt, net of discount and fees
Proceeds from sale of trademarks and related notes receivables to consolidated joint ventures
Payment of long-term debt
Repurchase of convertible notes
Payment of make-whole premium on repayment of long-term debt
Prepaid financing costs
Payment to Purim
Proceeds from Paycheck Protection Program Loan
Distributions to non-controlling interests
Tax benefit related to amortization of convertible notes' discount
Distributions to redeemable non-controlling interests
Cost of shares repurchased on vesting of restricted stock
Proceeds from exercise of stock options and warrants
Restricted cash
Net cash used in continuing financing activities
Net cash used in discontinued financing activities
Net cash (used in) financing activities

Effect of exchange rate changes on cash
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents from continuing operations, beginning of period
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
Cash and cash equivalents of continuing operations, end of period
Effect of exchange rate changes on cash and restricted cash
Net increase (decrease) in cash and cash equivalents, and restricted cash
Cash, cash equivalents and restricted cash from continuing operations, beginning of period
Cash and cash equivalents from discontinued operations, beginning of period
Cash, cash equivalents, and restricted cash, beginning of period
Cash, cash equivalents, and restricted cash, end of period
Less: Cash and cash equivalents from discontinued operations, end of period
Cash, cash equivalents, and restricted cash of continuing operations, end of period
Cash paid during the period:
Income taxes (net of refunds received)
Interest
Non-cash investing and financing activities:
Issuance of shares in connection with repurchase of convertible notes
Make-whole premium on repayment of long-term debt
Non-cash additions to operating lease assets
Non-cash repurchase of China JV equity
Shares issued upon conversion of debt to equity

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