Qumu Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from (used in) operating activities:
Net loss	$ (8,520)us-gaap_NetIncomeLoss	$ (9,694)us-gaap_NetIncomeLoss	$ (48,338)us-gaap_NetIncomeLoss
Net income from discontinued operations, net of tax	13,823	6,527	5,452
Net loss from continuing operations	(22,343)	(16,221)	(53,790)
Adjustments to reconcile net income (loss) to net cash
Goodwill and intangible assets impairment charge	0	0	29,548
Depreciation and amortization	2,049	1,787	2,349
Current income tax benefit resulting from income generated from discontinued operations	(6,337)	(3,445)	(3,760)
Deferred income tax expense (benefit)	(126)	699	7,988
Loss on disposal of property and equipment	102	6	8
Stock-based compensation	1,841us-gaap_ShareBasedCompensation	1,435us-gaap_ShareBasedCompensation	1,704us-gaap_ShareBasedCompensation
Changes in operating assets and liabilities:
Receivables	(5,679)us-gaap_IncreaseDecreaseInReceivables	1,614us-gaap_IncreaseDecreaseInReceivables	295us-gaap_IncreaseDecreaseInReceivables
Inventories	(18)us-gaap_IncreaseDecreaseInInventories	110us-gaap_IncreaseDecreaseInInventories	(118)us-gaap_IncreaseDecreaseInInventories
Prepaid income taxes / income taxes payable	1,068	2,493	534
Prepaid expenses and other assets	(2,014)	(98)	(1,070)
Trade accounts payable	973	723	319
Accrued compensation	686	2,144	1,217
Other accrued expenses and other current liabilities	229	22	(152)
Deferred revenue	5,499	801	6
Other non-current liabilities	(118)	(121)	940
Net cash used in continuing operating activities	(24,188)	(8,051)	(13,982)
Net cash provided by discontinued operating activities	1,544	10,418	12,057
Net cash provided by (used in) operating activities	(22,644)	2,367	(1,925)
Cash flows from (used in) investing activities:
Cash paid for acquisition of business, net of cash acquired	(11,556)	0	0
Purchase of cost method investment	0	(350)	0
Purchases of marketable securities	(33,499)	(28,755)	(54,491)
Maturities of marketable securities	23,250	37,000	18,000
Sales of marketable securities	0	0	14,999
Issuances of notes receivable	0	0	(500)
Purchases of property and equipment	(1,051)	(662)	(1,872)
Net cash provided by (used in) continuing investing activities	(22,856)	7,233	(23,864)
Net cash provided by (used in) discontinued investing activities, including proceeds from sale of business	19,676	(307)	(649)
Net cash provided by (used in) investing activities	(3,180)	6,926	(24,513)
Cash flows from (used in) financing activities:
Repurchase of common stock	0	0	(9,758)
Common stock repurchases to settle employee withholding liability	(99)	(66)	(39)
Payment of dividends	0us-gaap_PaymentsOfDividends	0us-gaap_PaymentsOfDividends	(5,180)us-gaap_PaymentsOfDividends
Proceeds from employee stock plans	193us-gaap_ProceedsFromStockPlans	7us-gaap_ProceedsFromStockPlans	0us-gaap_ProceedsFromStockPlans
Net cash provided by (used in) continuing financing activities	94	(59)	(14,977)
Net cash used in discontinued financing activities	(59)	(70)	(21)
Net cash provided by (used in) financing activities	35	(129)	(14,998)
Effect of exchange rate changes on cash	(252)	(83)	(81)
Net increase (decrease) in cash and cash equivalents	(26,041)	9,081	(41,517)
Cash and cash equivalents, beginning of period	37,725	28,644	70,161
Cash and cash equivalents, end of year	11,684	37,725	28,644
Supplemental disclosures of net cash paid (received) during the period for:
Income taxes	(1,145)us-gaap_IncomeTaxesPaidNet	(3,243)us-gaap_IncomeTaxesPaidNet	(218)us-gaap_IncomeTaxesPaidNet
Non-cash investing and financing activities:
Proceeds from sale of business held in escrow	2,300	0	0
Stock issued for acquisition of business	$ 3,034us-gaap_StockIssued1	$ 0us-gaap_StockIssued1	$ 0us-gaap_StockIssued1