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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Operating activities    
Net loss $ (659) $ (106)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 11,357 11,408
Deferred income taxes 2,785 3,212
Provision for doubtful accounts receivable 620 696
Stock-based compensation 880 1,797
Other (78) (68)
Change in assets and liabilities:    
Trade accounts receivable 17,333 (4,568)
Prepaid expenses, other current assets and other assets 79 (15,109)
Trade accounts payable, accrued expenses, other current liabilities and other liabilities (18,288) (20,347)
Customer deposits at IDT Financial Services Limited, our Gibraltar-based bank 29,015 4,481
Deferred revenue (4,997) (4,710)
Net cash provided by (used in) operating activities 38,047 (23,314)
Investing activities    
Capital expenditures (9,396) (10,931)
Payment for acquisition, net of cash acquired (5,453)
Proceeds from redemption of investments 1,000
Cash used for purchase of investments (500)
Proceeds from sale of interest in Straight Path IP Group Holding, Inc. 6,000
Purchase of IP Interest from Straight Path Communications Inc. (6,000)
Purchases of marketable securities (19,797)
Proceeds from maturities and sales of marketable securities 4,555 31,610
Net cash (used in) provided by investing activities (9,794) 882
Financing activities    
Dividends paid (9,440)
Distributions to noncontrolling interests (737) (717)
Proceeds from sale of Class B common stock to Howard S. Jonas 13,272
Repayment of other liabilities acquired. (615)
Proceeds from borrowings under revolving credit facility 3,000 19,080
Repayments of borrowings under revolving credit facility (3,000) (19,080)
Repurchases of Class B common stock (3,870) (61)
Net cash provided by (used in) financing activities 8,050 (10,218)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents (236) 9,490
Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents 36,067 (23,160)
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period 203,197 211,963
Cash, cash equivalents, and restricted cash and cash equivalents at end of period 239,264 188,803
Supplemental schedule of non-cash financing activities    
Howard S. Jonas' advance payment used for sale of Class B common stock $ 1,500