| Rentrak Corporation and Subsidiaries | ||||||||||||
| Consolidated Statements of Cash Flows | ||||||||||||
| (Audited) | ||||||||||||
| (In thousands) | ||||||||||||
| For the Year Ended March 31, | ||||||||||||
| 2010 | 2009 | 2008 | ||||||||||
| Cash flows from operating activities: | ||||||||||||
| Net income | $ | 576 | $ | 5,363 | $ | 4,594 | ||||||
| Adjustments to reconcile net income to net cash flows | ||||||||||||
| provided by operating activities: | ||||||||||||
| Tax benefit (expense) from stock-based compensation | 461 | (31) | 493 | |||||||||
| Depreciation and amortization | 2,329 | 1,750 | 1,433 | |||||||||
| Loss on disposal of fixed assets | - | - | 14 | |||||||||
| Gain on liquidation of foreign investment | - | - | (144) | |||||||||
| Impairment of capitalized software projects | 199 | 257 | 85 | |||||||||
| Adjustment to allowance for doubtful accounts | (32) | 25 | (27) | |||||||||
| Stock-based compensation | 2,361 | 487 | 975 | |||||||||
| Excess tax benefits from stock-based compensation | (332) | (8) | (272) | |||||||||
| Deferred income taxes | (245) | 661 | (283) | |||||||||
| Realized gain on marketable securities | (374) | - | - | |||||||||
| (Increase) decrease, net of effect of acquisition, in: | ||||||||||||
| Accounts and notes receivable | (982) | (1,076) | 4,654 | |||||||||
| Interest and dividends receivable | 82 | (106) | 4 | |||||||||
| Taxes receivable and prepaid taxes | (4) | 224 | (1,423) | |||||||||
| Other current assets | 31 | 487 | (524) | |||||||||
| Increase (decrease), net of effect of acquisition, in: | ||||||||||||
| Accounts payable | (942) | 50 | (6,944) | |||||||||
| Taxes payable | (227) | (723) | 636 | |||||||||
| Accrued liabilities and compensation | 1,659 | 3 | (556) | |||||||||
| Deferred rent | (59) | (7) | (61) | |||||||||
| Deferred revenue and other liabilities | (549) | 659 | 424 | |||||||||
| Net cash provided by operating activities | 3,952 | 8,015 | 3,078 | |||||||||
| Cash flows from investing activities: | ||||||||||||
| Purchase of marketable securities | (7,300) | (30,000) | - | |||||||||
| Sale or maturity of marketable securities | 20,200 | 4,986 | 17,119 | |||||||||
| Purchase of property and equipment | (3,703) | (2,953) | (2,568) | |||||||||
| Cash paid for acquisition, net of cash acquired | (16,659) | - | - | |||||||||
| Net cash provided by (used in) investing activities | (7,462) | (27,967) | 14,551 | |||||||||
| Cash flows from financing activities: | ||||||||||||
| Issuance of common stock | 1,043 | 150 | 889 | |||||||||
| Excess tax benefits from stock-based compensation | 332 | 8 | 272 | |||||||||
| Repurchase of common stock | (302) | (2,291) | (3,253) | |||||||||
| Net cash provided by (used in) financing activities | 1,073 | (2,133) | (2,092) | |||||||||
| Effect of foreign exchange translation on cash | 271 | (176) | (26) | |||||||||
| Increase (decrease) in cash and cash equivalents | (2,166) | (22,261) | 15,511 | |||||||||
| Cash and cash equivalents: | ||||||||||||
| Beginning of year | 4,601 | 26,862 | 11,351 | |||||||||
| End of year | $ | 2,435 | $ | 4,601 | $ | 26,862 | ||||||
| Supplemental information: | ||||||||||||
| Income taxes paid | $ | 384 | $ | 810 | $ | 3,240 | ||||||
| Income tax refunds | 643 | 1 | - | |||||||||
| Deferred gain related to forgiven loan for capital assets | - | 967 | - | |||||||||