XML 29 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Operating activities    
Net loss $ (1,422) $ (1,998)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,295 5,594
Deferred income taxes 479 1,117
Provision for doubtful accounts receivable 549 447
Stock-based compensation 1,364 413
Other (34) 46
Change in assets and liabilities:    
Trade accounts receivable 7,975 97
Prepaid expenses, other current assets and other assets (9,166) (8,766)
Trade accounts payable, accrued expenses, other current liabilities and other liabilities (10,012) 6,919
Customer deposits at IDT Financial Services Limited, our Gibraltar-based bank 1,793 5,567
Deferred revenue (1,798) (1,206)
Net cash (used in) provided by operating activities (4,977) 8,230
Investing activities    
Capital expenditures (3,851) (4,463)
Payment for acquisition, net of cash acquired (5,453)
Purchases of debt securities and equity investments (8,195)
Proceeds from maturities and sales of debt securities and sales of equity investments 782 3,372
Net cash used in investing activities (11,264) (6,544)
Financing activities    
Distributions to noncontrolling interests (240) (339)
Repayment of other liabilities (19) (599)
Proceeds from exercise of stock options 276
Repurchases of Class B common stock (3,854)
Net cash provided by (used in) financing activities 17 (4,792)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents 11,426 (4,590)
Net decrease in cash, cash equivalents, and restricted cash and cash equivalents (4,798) (7,696)
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period 257,199 203,197
Cash, cash equivalents, and restricted cash and cash equivalents at end of period $ 252,401 $ 195,501