Textura Corporation

Consolidated Statements of Cash Flows (unaudited)

 (in thousands)

Three Months Ended December 31,

2013

2012

Cash flows from operating activities

Net loss   

$   (6,676)

$ (6,043)

Adjustments to reconcile net loss to net cash used in operating activities:

  Depreciation and amortization   

1,560

760

  Deferred income taxes

(1,026)

35

  Non-cash interest expense

62

1,934

  Change in fair value of conversion option liability   

-

(288)

  Share‑based compensation   

1,583

661

   Changes in operating assets and liabilities, net of acquisitions:

     Accounts receivable   

(1,107)

7

     Prepaid expenses and other assets   

(594)

(200)

     Deferred revenue, including long-term portion   

1,789

(20)

     Accounts payable   

(278)

636

     Accrued expenses and other   

(1,479)

431

       Net cash used in operating activities   

(6,166)

(2,087)

Cash flows from investing activities

Decrease in restricted cash

1,000

-

Purchases of property and equipment   

(1,351)

(19)

Acquisitions of businesses, net of cash acquired   

(34,880)

-

       Net cash used in investing activities   

(35,231)

(19)

Cash flows from financing activities

Partner's investment in joint venture   

-

208

Principal payments on loan payable

(10,223)

-

Payments on capital leases

(190)

-

Proceeds from debt issuances

106

-

Proceeds from exercise of stock options and warrants

2,174

-

Deferred finance and offering costs   

(1,033)

(386)

       Net cash used in financing activities   

(9,166)

(178)

Effect of changes in foreign exchange rates on cash and cash equivalents

(35)

-

         Net decrease in cash and cash equivalents   

$ (50,598)

$ (2,284)

Cash and cash equivalents

Beginning of period   

127,728

4,174

End of period   

$   77,130

$   1,890