Remark Holdings, Inc. (MARK) Cash Flow Statement
Where MARK’s cash came from and went, 2023
December 31, 2023 · U.S. dollars- Cash from operations
- −$10.5M
- Capital expenditures
- $51,000 1.2% of revenue
- Free cash flow
- −$10.5M −238.7% margin
- Returned to shareholders
- —
- Change in cash
- $93,000 cash at year-end $145,000
Cash from operations
−$10.5M
Capital expenditures
−$51,000
Investments (net)
−$51,000
Acquisitions & other
+$51,000
Net borrowing (repayment)
+$10.6M
Shares issued
+$7.0M
Other financing
−$7.0M
Change in cash
$93,000
Drawn to scale: where the cash came from and how it was used. Hover for values.
MARK operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
MARK cash flow trends, 2014–2023
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$6.9M2014 | −$10.5M2023 | — | |
| Capital expenditures | $1.8M2014 | $51,0002023 | −32.8%/yr | |
| Free cash flow | −$8.8M2014 | −$10.5M2023 | — | |
| Free cash flow margin | −477.8%2014 | −238.7%2023 | +239.1 pts | |
| Stock-based compensation | $9.7M2014 | $157,0002023 | −36.7%/yr | |
| Dividends paid | $02014 | $02017 | — | |
| Share buybacks (net) | $02014 | $02020 | — | |
| Capex / revenue | 99.8%2014 | 1.2%2023 | −98.6 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MARK cash flow by activity
OperatingInvestingFinancingChange in cash
MARK net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
MARK cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$29.1M | −$55.5M | $27.5M | −$13.7M | −$23.0M | −$21.6M | −$106.7M | −$31.7M | −$31.4M | −$18.2M |
| Depreciation & amortization | $285,000 | $166,000 | $191,000 | $308,000 | $982,000 | $2.1M | $11.1M | $10.3M | $3.3M | $767,000 |
| Stock-based compensation | $157,000 | $1.7M | $4.1M | $797,000 | $319,000 | $12.9M | $4.2M | $7.2M | $9.0M | $9.7M |
| Change in working capital | $5.5M | $3.6M | −$9.0M | −$4.6M | $5.5M | $6.4M | $3.6M | $2.4M | −$4.4M | $523,000 |
| Other non-cash items | $12.8M | $33.5M | −$42.9M | −$854,000 | −$3.6M | −$16.1M | $79.4M | $6.7M | $7.4M | $296,000 |
| Cash from operating activities | −$10.5M | −$16.6M | −$20.2M | −$18.0M | −$19.8M | −$16.2M | −$8.5M | −$5.2M | −$16.2M | −$6.9M |
| Investing activities | ||||||||||
| Capital expenditures | −$51,000 | −$1.5M | −$223,000 | −$290,000 | −$135,000 | −$3.1M | −$3.6M | −$3.2M | −$1.9M | −$1.8M |
| Investments (net) | −$51,000 | $4.8M | $2.1M | −$290,000 | $11.5M | −$480,000 | −$3.5M | −$10.5M | −$480,000 | −$2.1M |
| Acquisitions & other investing | $51,000 | $1.5M | $223,000 | $290,000 | $135,000 | $1.1M | $3.6M | $3.2M | $223,000 | −$178,000 |
| Cash from investing activities | −$51,000 | $4.8M | $2.1M | −$290,000 | $11.5M | −$2.4M | −$3.5M | −$10.5M | −$2.2M | −$4.2M |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Share repurchases & issuance (net) | — | — | — | $32.1M | $10.8M | $14.6M | $25.9M | $9.9M | $7.8M | $4.8M |
| Net borrowing (repayment) | $10.6M | −$2.3M | $25.7M | −$12.4M | −$27.8M | −$3.8M | $2.8M | $7.4M | $14.4M | $6.8M |
| Shares issued | $7.0M | $198,000 | $5.7M | $32.1M | $10.8M | $14.6M | $0 | $0 | $0 | $0 |
| Other financing | −$7.0M | −$198,000 | $0 | −$33.0M | −$10.8M | −$15.5M | −$958,000 | −$163,000 | $0 | −$322,000 |
| Cash from financing activities | $10.6M | −$2.3M | $31.4M | $18.9M | −$17.0M | $9.9M | $27.8M | $17.1M | $22.2M | $11.3M |
| Summary | ||||||||||
| Net change in cash | $93,000 | −$14.1M | $13.3M | $582,000 | −$25.3M | −$8.8M | $15.8M | $1.5M | $3.9M | $264,000 |
| Cash at end of period | $145,000 | $52,000 | $14.2M | $854,000 | $272,000 | $25.5M | $34.3M | $18.5M | $5.4M | $1.5M |
| Free cash flow | −$10.5M | −$18.1M | −$20.4M | −$18.3M | −$19.9M | −$19.3M | −$12.1M | −$8.3M | −$18.1M | −$8.8M |
| Free cash flow margin | −238.7% | −155.4% | −127.6% | −180.7% | −396.9% | −24.4% | −17.2% | −14.0% | −127.1% | −477.8% |
| Capex / revenue | 1.2% | 13.0% | 1.4% | 2.9% | 2.7% | 3.9% | 5.1% | 5.3% | 13.4% | 99.8% |
| Operating cash flow / net income | — | — | −0.73 | — | — | — | — | — | — | — |
| Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$9.6M | −$9.6M | −$5.3M | −$13.8M | −$7.9M | −$7.2M | −$5.9M | −$8.2M | −$8.6M | −$8.9M | −$12.5M | −$25.4M |
| Depreciation & amortization | $53,000 | $53,000 | $58,000 | $64,000 | $107,000 | $107,000 | $25,000 | $46,000 | $45,000 | $43,000 | $37,000 | $41,000 |
| Stock-based compensation | $11,000 | $11,000 | $0 | $6,000 | $8,000 | −$4,000 | −$3,000 | $156,000 | $12,000 | $426,000 | $330,000 | $429,000 |
| Change in working capital | −$1.2M | $2.5M | $1.3M | $1.2M | $3.0M | $939,000 | $1.1M | $418,000 | $3.0M | $2.3M | $2.1M | −$3.9M |
| Other non-cash items | $9.8M | $6.1M | $1.2M | $9.2M | $3.4M | $2.3M | $1.6M | $5.5M | $2.5M | $3.6M | $7.7M | $20.2M |
| Cash from operating activities | −$920,000 | −$920,000 | −$2.7M | −$3.4M | −$1.4M | −$3.9M | −$3.1M | −$2.1M | −$3.0M | −$2.6M | −$2.4M | −$8.7M |
| Investing activities | ||||||||||||
| Capital expenditures | −$2,000 | −$2,000 | −$235,000 | −$332,000 | −$19,000 | −$26,000 | −$2,000 | −$4,000 | −$273,000 | −$9,000 | −$206,000 | −$959,000 |
| Investments (net) | — | −$2,000 | −$235,000 | −$332,000 | −$19,000 | −$26,000 | −$2,000 | −$4,000 | −$337,000 | $2.5M | $2.0M | $1.8M |
| Acquisitions & other investing | $0 | — | $235,000 | $332,000 | — | $26,000 | $2,000 | $4,000 | $273,000 | $0 | $0 | $0 |
| Cash from investing activities | −$2,000 | — | −$235,000 | −$332,000 | — | −$26,000 | −$2,000 | −$4,000 | −$337,000 | $2.5M | $1.8M | $890,000 |
| Financing activities | ||||||||||||
| Net borrowing (repayment) | — | −$7,000 | $42,000 | −$9,000 | — | −$56,000 | −$56,000 | −$56,000 | $3.0M | −$648,000 | −$988,000 | −$3.7M |
| Shares issued | $0 | $0 | $750,000 | $4.0M | $0 | $4.0M | $2.0M | $1.0M | $0 | $0 | $0 | $0 |
| Other financing | $505,000 | $512,000 | $2.4M | −$187,000 | $1.3M | $0 | $1.0M | $1.5M | $0 | $0 | $0 | $0 |
| Cash from financing activities | $505,000 | $505,000 | $3.2M | $3.8M | $1.3M | $3.9M | $3.0M | $2.4M | $3.0M | −$648,000 | −$988,000 | −$3.7M |
| Summary | ||||||||||||
| Net change in cash | −$417,000 | −$417,000 | $199,000 | $94,000 | −$125,000 | $62,000 | −$156,000 | $312,000 | −$324,000 | −$687,000 | −$1.6M | −$11.5M |
| Cash at end of period | $21,000 | $21,000 | $438,000 | $239,000 | $145,000 | $270,000 | $208,000 | $364,000 | $52,000 | $376,000 | $1.1M | $2.7M |
| Free cash flow | −$922,000 | −$922,000 | −$3.0M | −$3.7M | −$1.4M | −$3.9M | −$3.1M | −$2.1M | −$3.3M | −$2.6M | −$2.6M | −$9.6M |
| Free cash flow margin | −288.1% | −288.1% | −80.3% | −958.7% | −615.5% | −2,121.3% | −99.4% | −252.3% | −203.7% | −91.1% | −101.6% | −206.7% |
| Capex / revenue | 0.6% | 0.6% | 6.4% | 85.8% | 8.4% | 14.2% | 0.1% | 0.5% | 16.8% | 0.3% | 8.1% | 20.5% |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
MARK cash generation
In fiscal 2023 (ended December 31, 2023), Remark generated -$10.5 million of cash from operations and spent $0.1 million on capital expenditures, leaving free cash flow of -$10.5 million, −238.7% of revenue. Cash and equivalents rose by $0.1 million over the year.
Related: MARK income statement, MARK balance sheet. See the MARK stock overview for the latest quote and news.
MARK cash flow FAQ
What is Remark's free cash flow?
Remark's free cash flow was -$10.5 million in fiscal 2023: -$10.5 million of operating cash flow minus $0.1 million of capital expenditures It was -$18.1 million a year earlier..
How much cash does Remark generate from operations?
Remark generated -$10.5 million of cash from operating activities in fiscal 2023.
How much does Remark spend on capital expenditures?
Remark spent $0.1 million on capital expenditures in fiscal 2023, 1.2% of revenue, compared with $1.5 million the year before.