Bandwidth inc. (BAND)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Cash flows from operating activities
Net income (loss)

-556

2,494

3,160

6,684

13,724

17,923

18,614

17,738

9,173

5,971

0

0

0

Adjustments to reconcile net income (loss) to net cash used in operating activities
Depreciation and amortization

10,627

9,538

8,343

7,462

6,646

5,824

5,549

5,574

5,723

5,712

0

0

0

Right-of-use asset amortization

0

-

-

-

0

-

-

-

-

-

-

-

-

Accretion of bond discount

581

700

784

616

277

164

80

26

6

0

0

0

0

Amortization of debt discount and issuance costs

0

-

-

-

0

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

-

-

-

-

-

64

328

344

360

376

0

0

0

Stock-based compensation

7,449

6,626

6,282

5,390

4,522

3,339

2,718

2,568

2,050

1,803

0

0

0

Deferred taxes

-12,175

-17,502

-18,883

-18,419

-21,108

-10,833

-6,323

-2,965

7,217

6,168

0

0

0

Loss on disposal of property and equipment

-393

-456

-518

-532

-478

-191

-63

-92

-91

-91

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

9,188

6,178

5,533

3,691

3,494

2,784

5,078

6,033

7,400

4,387

0

0

0

Prepaid expenses and other assets

3,615

4,176

3,850

4,892

3,007

1,926

1,274

1,062

861

1,622

0

0

0

Deferred costs

1,069

69

144

-1,308

-701

-243

-2,995

83

359

906

0

0

0

Accounts payable

1,884

1,145

440

2,111

52

-169

-868

-1,807

-1,422

-2,429

0

0

0

Accrued expenses and other liabilities

2,212

5,474

5,147

3,893

4,271

4,826

4,148

5,786

3,809

1,040

0

0

0

Deferred revenue and advanced billings

2,186

554

1,657

831

-384

6,019

6,515

5,903

8,227

2,573

0

0

0

Operating right-of-use liability

0

-

-

-

0

-

-

-

-

-

-

-

-

Net cash used in operating activities

175

-1,253

-2,848

2,104

4,355

24,633

28,947

26,734

26,835

14,623

0

0

0

Cash flows from investing activities
Purchase of property and equipment

24,614

22,215

20,586

17,150

12,697

12,419

7,787

7,011

5,852

5,021

0

0

0

Capitalized software development costs

3,739

3,544

1,266

2,156

2,182

2,028

3,867

2,891

2,706

2,942

0

0

0

Proceeds from sale of property and equipment

-

-

-

-

-

-

0

0

0

-

0

0

0

Purchase of marketable securities

17,371

68,361

79,737

77,174

77,728

35,236

23,860

13,995

8,498

0

0

0

0

Proceeds from sales and maturities of marketable securities

77,467

86,467

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

31,743

-7,653

-6,124

-63,483

-65,607

-31,683

-26,514

-20,897

-17,056

-7,963

0

0

0

Cash flows from financing activities
Proceeds from the follow-on public offering, net of underwriting discounts

0

147,391

147,391

147,391

147,321

0

-174

-109

70

0

0

0

0

Borrowings on line of credit

-

-

-

-

-

-

-

-

0

4,000

0

0

0

Repayments on line of credit

-

-

-

-

-

-

-

-

6,000

9,000

0

0

0

Payments on capital leases

-

-

-

-

-

92

98

100

83

73

0

0

0

Repayments on term loan

-

-

-

-

-

-

-

-

39,500

40,000

0

0

0

Payment of costs related to the follow-on public offering

0

-

-

-

0

-

-

-

5,670

-

0

0

0

Proceeds from issuance of convertible senior notes

0

-

-

-

0

-

-

-

-

-

-

-

-

Payment of debt issuance costs

11,090

167

0

0

0

-

-

-

-

-

-

-

-

Purchase of capped call

0

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from exercises of stock options

3,666

7,357

0

0

0

-

-

-

-

-

-

-

-

Value of equity awards withheld for tax liabilities

1,777

1,406

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by financing activities

346,881

152,418

152,985

155,959

161,374

10,681

40,782

34,265

23,454

24,182

0

0

0

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-34

-9

0

0

0

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents, and restricted cash

378,765

143,503

143,994

94,579

100,122

3,631

43,215

40,102

33,233

30,842

0

0

0

Supplemental disclosure of cash flow information
Cash paid during the year for interest

308

341

337

158

121

107

263

615

1,005

1,535

0

0

0

Cash paid (refunded) for taxes

-521

-178

-178

157

179

155

319

526

978

855

0

0

0

Supplemental disclosure of noncash investing and financing activities
Purchase of property and equipment, accrued but not paid

2,202

1,375

2,068

1,803

2,187

1,204

2,825

2,938

1,424

886

0

0

0

Effect of ASC 606 implementation

0

-

-

-

0

-

-

-

-

-

-

-

-

Equity awards withheld for tax liabilities, accrued but not paid

66

177

0

0

0

-

-

-

-

-

-

-

-

Payment of debt issuance costs, accrued but unpaid

0

-

-

-

0

-

-

-

-

-

-

-

-

Unrealized loss on marketable securities, accrued but not realized

-

-

-

-

-

-

-

-

0

-

-

-

0