Digimarc Corp
NASDAQ:DMRC
Cash Flow Statement
Cash Flow Statement
Digimarc Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
(1)
|
(3)
|
(7)
|
(8)
|
(16)
|
(18)
|
(19)
|
(22)
|
(18)
|
(19)
|
(20)
|
(21)
|
(22)
|
(22)
|
(24)
|
(23)
|
(26)
|
(28)
|
(29)
|
(33)
|
(33)
|
(33)
|
(33)
|
(32)
|
(33)
|
(33)
|
(33)
|
(33)
|
(33)
|
(32)
|
(40)
|
(34)
|
(35)
|
(44)
|
(44)
|
(56)
|
(60)
|
(56)
|
(52)
|
(48)
|
(46)
|
|
Depreciation & Amortization |
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
3
|
3
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
4
|
5
|
6
|
8
|
7
|
7
|
8
|
8
|
|
Change in Deffered Taxes |
(1)
|
(1)
|
(4)
|
(4)
|
2
|
3
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Stock-Based Compensation |
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
6
|
6
|
6
|
6
|
7
|
7
|
7
|
7
|
7
|
8
|
8
|
8
|
8
|
8
|
9
|
9
|
9
|
9
|
13
|
12
|
12
|
12
|
9
|
11
|
11
|
12
|
11
|
10
|
0
|
|
Other Non-Cash Items |
3
|
4
|
4
|
4
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
6
|
6
|
6
|
6
|
7
|
7
|
7
|
7
|
7
|
8
|
8
|
8
|
9
|
10
|
10
|
11
|
10
|
9
|
13
|
9
|
8
|
10
|
6
|
12
|
13
|
13
|
12
|
11
|
12
|
|
Cash Taxes Paid |
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Change in Working Capital |
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
1
|
1
|
1
|
2
|
2
|
2
|
(0)
|
(0)
|
(1)
|
(4)
|
(1)
|
0
|
0
|
4
|
2
|
(0)
|
0
|
0
|
(0)
|
(1)
|
(0)
|
0
|
1
|
0
|
2
|
0
|
(1)
|
(1)
|
(7)
|
(8)
|
(5)
|
(6)
|
(3)
|
5
|
4
|
|
Cash from Operating Activities |
3
N/A
|
(1)
N/A
|
(7)
-438%
|
(7)
-6%
|
(7)
+5%
|
(7)
-10%
|
(7)
+5%
|
(8)
-11%
|
(10)
-24%
|
(10)
-2%
|
(11)
-7%
|
(12)
-10%
|
(14)
-18%
|
(15)
-7%
|
(17)
-15%
|
(19)
-12%
|
(18)
+7%
|
(18)
-3%
|
(19)
-5%
|
(20)
-3%
|
(21)
-8%
|
(23)
-9%
|
(22)
+3%
|
(22)
+2%
|
(22)
+1%
|
(22)
-1%
|
(21)
+5%
|
(20)
+3%
|
(20)
+1%
|
(20)
-1%
|
(22)
-11%
|
(23)
-4%
|
(26)
-13%
|
(32)
-22%
|
(39)
-23%
|
(45)
-13%
|
(44)
+0%
|
(41)
+7%
|
(35)
+15%
|
(24)
+31%
|
(22)
+9%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Other Items |
1
|
2
|
9
|
11
|
(2)
|
(3)
|
(5)
|
(10)
|
(3)
|
4
|
8
|
(10)
|
(13)
|
(15)
|
(11)
|
6
|
22
|
28
|
12
|
20
|
11
|
2
|
5
|
(11)
|
(10)
|
(8)
|
(3)
|
9
|
(33)
|
(45)
|
(21)
|
(11)
|
28
|
38
|
12
|
6
|
5
|
11
|
14
|
15
|
13
|
|
Cash from Investing Activities |
(2)
N/A
|
(1)
+37%
|
6
N/A
|
9
+43%
|
(4)
N/A
|
(5)
-21%
|
(8)
-44%
|
(12)
-52%
|
(5)
+55%
|
2
N/A
|
5
+198%
|
(13)
N/A
|
(15)
-19%
|
(18)
-16%
|
(14)
+22%
|
4
N/A
|
19
+389%
|
25
+32%
|
9
-63%
|
17
+86%
|
9
-50%
|
0
-98%
|
3
+1 953%
|
(12)
N/A
|
(12)
+6%
|
(10)
+17%
|
(4)
+56%
|
7
N/A
|
(34)
N/A
|
(47)
-38%
|
(23)
+52%
|
(13)
+44%
|
26
N/A
|
36
+39%
|
10
-73%
|
4
-58%
|
4
-8%
|
10
+165%
|
13
+30%
|
14
+10%
|
13
-13%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
(2)
|
(1)
|
(1)
|
(2)
|
15
|
16
|
15
|
28
|
12
|
11
|
11
|
38
|
38
|
38
|
56
|
16
|
28
|
28
|
11
|
11
|
(1)
|
(1)
|
17
|
17
|
17
|
18
|
(1)
|
37
|
58
|
57
|
54
|
16
|
(6)
|
(5)
|
55
|
56
|
61
|
60
|
2
|
2
|
(3)
|
|
Net Issuance of Debt |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
5
|
5
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Cash Paid for Dividends |
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Cash from Financing Activities |
(5)
N/A
|
(4)
+12%
|
(4)
-3%
|
(4)
+10%
|
13
N/A
|
15
+9%
|
15
+5%
|
28
+83%
|
12
-58%
|
11
-6%
|
11
-1%
|
38
+242%
|
38
0%
|
38
0%
|
56
+47%
|
16
-71%
|
28
+74%
|
28
+2%
|
11
-62%
|
11
+1%
|
(1)
N/A
|
(1)
-51%
|
17
N/A
|
17
-3%
|
17
+2%
|
18
+2%
|
4
-78%
|
42
+994%
|
63
+48%
|
62
-1%
|
54
-12%
|
16
-71%
|
(6)
N/A
|
(6)
+5%
|
55
N/A
|
56
+1%
|
61
+9%
|
60
0%
|
2
-97%
|
2
-9%
|
(3)
N/A
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
|
Net Change in Cash |
(3)
N/A
|
(7)
-115%
|
(5)
+23%
|
(2)
+53%
|
2
N/A
|
2
-13%
|
1
-62%
|
9
+1 035%
|
(3)
N/A
|
3
N/A
|
6
+84%
|
13
+140%
|
8
-36%
|
5
-40%
|
25
+387%
|
1
-96%
|
29
+2 973%
|
35
+21%
|
1
-98%
|
8
+886%
|
(14)
N/A
|
(24)
-79%
|
(2)
+92%
|
(17)
-813%
|
(16)
+7%
|
(14)
+13%
|
(21)
-51%
|
29
N/A
|
8
-71%
|
(6)
N/A
|
9
N/A
|
(20)
N/A
|
(6)
+71%
|
(1)
+75%
|
26
N/A
|
15
-41%
|
20
+30%
|
29
+47%
|
(20)
N/A
|
(8)
+60%
|
(12)
-51%
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
1
N/A
|
(4)
N/A
|
(10)
-140%
|
(9)
+4%
|
(9)
+1%
|
(10)
-6%
|
(9)
+6%
|
(10)
-7%
|
(12)
-20%
|
(12)
-5%
|
(13)
-6%
|
(15)
-11%
|
(16)
-13%
|
(18)
-6%
|
(20)
-13%
|
(21)
-8%
|
(21)
+4%
|
(21)
-1%
|
(22)
-4%
|
(22)
-3%
|
(23)
-5%
|
(25)
-7%
|
(24)
+3%
|
(24)
+3%
|
(23)
+1%
|
(24)
-1%
|
(23)
+5%
|
(22)
+3%
|
(22)
+1%
|
(22)
-2%
|
(24)
-10%
|
(25)
-3%
|
(28)
-11%
|
(34)
-21%
|
(41)
-22%
|
(46)
-12%
|
(46)
+0%
|
(42)
+8%
|
(36)
+15%
|
(25)
+31%
|
(23)
+9%
|