OneSpan Inc
NASDAQ:OSPN
Cash Flow Statement
Cash Flow Statement
OneSpan Inc
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 |
11
|
12
|
17
|
25
|
33
|
43
|
50
|
50
|
42
|
31
|
20
|
9
|
11
|
9
|
6
|
8
|
(22)
|
(21)
|
(22)
|
(26)
|
4
|
(4)
|
(5)
|
7
|
9
|
15
|
15
|
2
|
(5)
|
(15)
|
(19)
|
(19)
|
(31)
|
(16)
|
(19)
|
(25)
|
(14)
|
(28)
|
(36)
|
(33)
|
(30)
|
|
Depreciation & Amortization |
5
|
6
|
6
|
6
|
6
|
6
|
6
|
6
|
6
|
7
|
9
|
10
|
11
|
11
|
11
|
11
|
11
|
11
|
11
|
12
|
12
|
12
|
12
|
12
|
12
|
12
|
12
|
12
|
12
|
11
|
10
|
10
|
9
|
9
|
8
|
8
|
7
|
6
|
6
|
6
|
6
|
|
Change in Deffered Taxes |
(6)
|
(8)
|
(6)
|
(5)
|
0
|
3
|
3
|
3
|
(1)
|
(2)
|
(5)
|
(4)
|
(5)
|
(5)
|
(3)
|
(3)
|
13
|
13
|
14
|
10
|
(7)
|
(7)
|
(8)
|
(5)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(3)
|
(5)
|
3
|
4
|
6
|
7
|
2
|
1
|
1
|
1
|
0
|
|
Stock-Based Compensation |
3
|
2
|
2
|
3
|
2
|
3
|
3
|
3
|
4
|
5
|
5
|
5
|
3
|
2
|
1
|
1
|
3
|
4
|
4
|
5
|
4
|
4
|
3
|
3
|
3
|
4
|
4
|
5
|
5
|
5
|
5
|
4
|
4
|
4
|
4
|
7
|
9
|
11
|
14
|
13
|
0
|
|
Other Non-Cash Items |
3
|
3
|
3
|
3
|
5
|
6
|
6
|
6
|
4
|
5
|
5
|
5
|
3
|
2
|
1
|
1
|
4
|
4
|
4
|
4
|
4
|
4
|
3
|
3
|
3
|
4
|
4
|
5
|
5
|
5
|
5
|
5
|
4
|
(10)
|
(10)
|
(4)
|
(2)
|
15
|
22
|
18
|
18
|
|
Cash Taxes Paid |
3
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
5
|
|
Cash Interest Paid |
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
|
|
Change in Working Capital |
(2)
|
8
|
15
|
5
|
(3)
|
(14)
|
(30)
|
(5)
|
17
|
19
|
35
|
26
|
9
|
10
|
11
|
2
|
13
|
19
|
(3)
|
(7)
|
(11)
|
(17)
|
(23)
|
(20)
|
(4)
|
(9)
|
16
|
22
|
5
|
21
|
19
|
12
|
12
|
11
|
0
|
2
|
2
|
10
|
7
|
3
|
(5)
|
|
Cash from Operating Activities |
10
N/A
|
21
+110%
|
36
+70%
|
34
-5%
|
42
+22%
|
43
+2%
|
34
-19%
|
59
+73%
|
69
+16%
|
60
-13%
|
64
+7%
|
46
-28%
|
28
-38%
|
27
-5%
|
26
-5%
|
19
-27%
|
18
-5%
|
26
+45%
|
5
-80%
|
(7)
N/A
|
1
N/A
|
(12)
N/A
|
(21)
-71%
|
(3)
+85%
|
18
N/A
|
20
+8%
|
45
+131%
|
39
-13%
|
15
-62%
|
21
+40%
|
12
-44%
|
3
-74%
|
(3)
N/A
|
(3)
+3%
|
(15)
-470%
|
(12)
+21%
|
(6)
+52%
|
4
N/A
|
(1)
N/A
|
(6)
-561%
|
(11)
-80%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
(1)
|
(1)
|
(3)
|
(5)
|
(5)
|
(5)
|
(4)
|
(2)
|
(2)
|
(4)
|
(7)
|
(9)
|
(9)
|
(6)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(5)
|
(8)
|
(10)
|
(12)
|
(13)
|
|
Other Items |
(19)
|
(20)
|
(31)
|
(46)
|
(66)
|
(76)
|
(45)
|
5
|
(55)
|
(54)
|
(100)
|
(149)
|
(54)
|
(39)
|
(3)
|
1
|
16
|
51
|
47
|
57
|
4
|
(39)
|
(26)
|
(26)
|
(2)
|
(0)
|
(0)
|
(0)
|
(2)
|
(19)
|
(16)
|
(13)
|
(9)
|
26
|
41
|
46
|
52
|
35
|
19
|
10
|
1
|
|
Cash from Investing Activities |
(20)
N/A
|
(21)
-2%
|
(33)
-59%
|
(48)
-45%
|
(68)
-41%
|
(78)
-15%
|
(46)
+41%
|
4
N/A
|
(56)
N/A
|
(57)
-2%
|
(102)
-80%
|
(151)
-48%
|
(57)
+63%
|
(40)
+29%
|
(5)
+89%
|
(1)
+84%
|
13
N/A
|
45
+254%
|
42
-8%
|
52
+24%
|
0
-100%
|
(40)
N/A
|
(28)
+30%
|
(31)
-10%
|
(10)
+68%
|
(9)
+10%
|
(9)
-2%
|
(6)
+30%
|
(5)
+27%
|
(21)
-360%
|
(19)
+14%
|
(15)
+20%
|
(11)
+26%
|
25
N/A
|
39
+57%
|
43
+10%
|
47
+9%
|
27
-43%
|
8
-70%
|
(2)
N/A
|
(12)
-701%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
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
|
(5)
|
0
|
(8)
|
(13)
|
(7)
|
0
|
(10)
|
(6)
|
(6)
|
0
|
0
|
(4)
|
(29)
|
|
Net Issuance of Debt |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
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 |
2
|
3
|
3
|
3
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(4)
|
(3)
|
(3)
|
(3)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
|
Cash from Financing Activities |
2
N/A
|
3
+27%
|
3
+4%
|
3
+4%
|
0
-95%
|
(0)
N/A
|
(0)
-33%
|
(0)
-46%
|
(6)
-1 471%
|
(6)
+0%
|
(7)
-9%
|
(7)
N/A
|
(1)
+85%
|
(1)
+26%
|
(0)
+68%
|
(0)
-24%
|
(1)
-106%
|
(1)
-5%
|
(1)
N/A
|
(1)
-16%
|
(1)
-24%
|
(1)
-4%
|
(1)
N/A
|
(1)
+5%
|
(1)
+41%
|
(1)
-12%
|
(1)
-131%
|
(2)
-45%
|
(7)
-230%
|
(9)
-26%
|
(11)
-24%
|
(15)
-39%
|
(10)
+32%
|
(9)
+14%
|
(12)
-31%
|
(7)
+41%
|
(7)
-5%
|
(8)
-6%
|
(2)
+69%
|
(6)
-163%
|
(32)
-404%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
0
|
2
|
2
|
(0)
|
(0)
|
(0)
|
1
|
0
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
0
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
0
|
1
|
0
|
1
|
|
Net Change in Cash |
(8)
N/A
|
5
N/A
|
8
+59%
|
(11)
N/A
|
(26)
-135%
|
(35)
-35%
|
(11)
+68%
|
63
N/A
|
6
-90%
|
(4)
N/A
|
(47)
-1 099%
|
(113)
-142%
|
(29)
+74%
|
(14)
+52%
|
21
N/A
|
18
-15%
|
29
+65%
|
70
+139%
|
45
-36%
|
43
-5%
|
(1)
N/A
|
(56)
-4 922%
|
(51)
+8%
|
(36)
+30%
|
8
N/A
|
10
+29%
|
35
+258%
|
31
-11%
|
4
-87%
|
(9)
N/A
|
(17)
-98%
|
(27)
-56%
|
(25)
+8%
|
13
N/A
|
11
-14%
|
23
+110%
|
33
+43%
|
23
-30%
|
6
-76%
|
(13)
N/A
|
(54)
-301%
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
9
N/A
|
20
+123%
|
34
+73%
|
32
-5%
|
40
+24%
|
41
+3%
|
33
-20%
|
58
+76%
|
67
+16%
|
57
-15%
|
61
+7%
|
43
-29%
|
26
-40%
|
26
-2%
|
24
-6%
|
17
-30%
|
14
-16%
|
20
+41%
|
(0)
N/A
|
(12)
-2 533%
|
(2)
+79%
|
(14)
-461%
|
(23)
-63%
|
(8)
+66%
|
11
N/A
|
11
+0%
|
37
+239%
|
33
-9%
|
12
-65%
|
19
+57%
|
10
-48%
|
1
-88%
|
(5)
N/A
|
(4)
+11%
|
(17)
-295%
|
(15)
+12%
|
(11)
+29%
|
(4)
+63%
|
(11)
-182%
|
(17)
-54%
|
(23)
-33%
|