Brightcove inc (BCOV)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities
Net loss

-7,853

-6,712

-2,970

-7,238

-4,983

-2,617

-3,502

-5,652

-2,257

-1,372

-5,396

-7,678

-5,073

-4,363

-1,618

-2,398

-1,607

172

-1,275

-3,646

-2,831

-3,924

-3,805

-4,327

-4,837

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,243

-1,268

-3,522

-4,209

-4,339

-391

-4,188

-3,534

-3,655

-3,891

-5,382

-4,346

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization

2,408

2,272

2,216

2,221

1,713

1,632

1,730

1,790

1,644

1,650

1,942

1,931

1,734

1,895

1,916

1,971

2,014

1,789

2,096

2,373

2,429

2,473

2,156

2,132

1,826

1,305

1,493

1,534

1,535

1,557

1,288

997

824

774

780

742

696

Stock-based compensation

2,618

4,755

1,721

1,359

1,424

1,627

1,522

1,832

1,668

1,949

1,818

1,686

1,790

1,747

1,681

1,125

1,459

1,702

1,523

1,336

1,453

1,614

1,526

1,497

1,750

1,665

1,585

1,452

1,699

2,175

1,458

1,263

947

1,110

1,056

1,041

990

Change in fair value of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28

-

4

-146

3

Provision for reserves on accounts receivable

275

578

306

183

70

100

76

10

13

51

56

-126

222

-3

68

74

91

91

150

91

76

-4

81

18

23

98

30

294

27

46

-156

180

67

132

-70

-30

20

Amortization of premium on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1

4

14

21

34

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

44

-

-

-

-

Loss on disposal of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-43

0

1

-1

0

0

0

-83

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

-3,607

60

-2,211

5,655

2,033

-793

-1,702

-2,334

2,038

-1,005

3,210

595

1,011

-882

3,805

-1,823

-541

1,207

985

-42

-1,993

1,990

-138

-2,301

40

1,452

1,384

-2,306

2,717

-300

1,689

1,671

1,377

1,269

295

3,652

222

Prepaid expenses and other current assets

1,843

-571

-2,534

1,089

803

-412

-370

-128

616

-176

-761

200

2,221

-826

73

-422

2,069

-1,121

-437

344

534

-806

-750

153

1,602

-641

-199

316

1,168

-

-

-

-

-

150

393

1,301

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-254

599

-

-

-

-

Other assets

-195

255

68

527

-92

63

79

97

179

0

-2

-55

-37

99

-31

75

156

-222

-52

304

226

45

3

-327

-861

808

-18

49

-20

231

41

-63

-299

-1,475

1,444

598

-115

Accounts payable

2,364

-953

2,577

-657

715

2,459

-2,186

1,052

-128

-263

-1,938

3,264

695

750

-898

1,920

-1,039

750

-331

543

789

773

80

-1,408

-1,769

1,215

608

-525

819

-270

-598

183

-636

-76

-882

1,643

115

Accrued expenses

-2,264

2,239

-3,414

7,571

353

-1,638

2,026

18

-80

-56

-417

1,413

-3,870

1,219

3,020

-1,911

844

1,797

467

413

-2,540

2,224

290

-321

-4,095

1,992

1,231

1,208

-1,958

2,677

640

280

135

837

-1,701

2,512

-182

Operating leases

-34

-41

-99

-94

-68

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

2,968

-315

-504

-218

3,783

79

-2,147

-2,096

2,908

2,071

1,444

131

1,102

-

2,298

-937

2,917

-730

1,683

-163

-563

1,214

1,346

567

2,948

-1,005

2,281

406

3,103

101

2,903

1,467

1,006

1,765

1,961

3,361

927

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-6,595

-

2,620

2,014

2,995

4,832

3,818

385

46

3,135

2,560

724

-4,934

2,517

4,807

2,808

-2,814

-

-

-

-

-

-

-

-

Net cash provided by operating activities

2,441

2,079

4,510

-4,144

263

2,784

-488

-681

935

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,692

-5

-1,127

-2,769

1,050

-4,634

-424

-3,191

Investing activities
Cash paid for acquisition, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

9,100

-

0

0

0

-

-

-

-

-

-

-

-

Maturities of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,660

1,400

940

940

3,520

2,800

-

-

-

-

-

-

-

-

Cash paid for purchase of intangible asset

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

175

125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

720

447

199

157

244

216

364

420

538

112

340

272

378

113

168

183

843

-1,089

38

1,860

581

1,018

1,013

1,281

206

1,489

998

802

126

192

1,438

927

3,742

1,033

898

1,030

1,103

Capitalized internal-use software costs

1,973

1,968

1,892

1,426

946

466

714

812

1,001

919

942

546

603

947

1,263

867

810

436

684

179

157

107

52

304

571

-

-

-

-

0

0

0

24

66

72

111

105

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8

0

0

-113

-42

121

0

-60

-

-

-

-

0

-43

-269

-9

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-981

-

-1,431

-1,225

-1,778

653

-722

-2,039

-738

-1,117

-1,065

75

-8,364

-581

-605

2,718

2,734

-

-

-

-

-

-

-

-

Net cash used in investing activities

-2,693

-2,352

-4,193

-4,883

-1,190

-682

-1,078

-1,232

-1,539

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,246

-28,486

-14,994

-3,766

-1,099

-927

1,860

-1,199

Financing activities
Proceeds from issuance of common stock in connection with initial public offering, net of offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

-161

56,923

-

-

-

-

Proceeds from exercise of stock options

36

258

1,372

1,218

625

317

1,219

3,538

683

141

102

198

79

163

4,204

145

43

57

14

12

46

13

29

438

117

1,245

365

112

108

299

704

162

181

256

109

86

24

Purchase of non-controlling interest in consolidated subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,084

-

-

-

-

-

-

-

-

Payments of withholding tax on RSU vesting

-

-

-

-

-

-

-

-

-

-

57

0

118

189

108

22

86

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from equipment financing

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

604

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on equipment financing (Note 9)

-

-

-

-

-

-

-

-

-

-

77

76

76

75

74

74

48

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from debt

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities

-26

-88

-91

-59

-58

-79

-96

-193

-139

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

7,000

-

-

-

-

Payments under capital lease obligation

-

-

-

-

-

-

-

-

-

-

105

104

174

168

221

183

278

344

361

308

319

539

336

302

222

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-289

-

3,801

-134

235

-1,576

-567

1,004

-273

-526

-307

136

-105

1,245

365

112

-976

-

-

-

-

-

-

-

-

Net cash provided by financing activities

10,010

170

1,281

1,159

567

238

1,123

3,345

544

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300

704

1

50,104

-2,031

109

7,086

24

Effect of exchange rate changes on cash and cash equivalents

-428

213

-158

129

2

111

-155

-398

347

32

62

102

220

-699

8

247

203

-60

21

-19

-44

-281

-268

86

120

-233

37

-236

-559

-470

120

80

-149

-51

245

69

-1

Net increase (decrease) in cash and cash equivalents

9,330

-

-

-

-358

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

1,034

287

-

-6,295

-817

-7,645

1,621

4,998

902

1,655

3,849

2,550

-669

-1,009

1,211

920

1,021

-13,283

2,948

4,604

5,402

-1,615

4,768

-27,667

-16,040

43,420

-2,131

-5,207

8,591

-4,367

Supplemental disclosure of cash flow information
Cash paid for operating lease liabilities

1,824

5,553

15

-90

1,904

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non-cash investing and financing activities
Conversion of preferred stock to common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,673

0

0

106,451

-

-

-

-

Conversion of warrants to purchase preferred stock to warrants to purchase common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

1

395

-

-

-

-

Accretion of Series A, B, C and D redeemable convertible preferred stock issuance costs and dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

0

773

1,487

1,487

1,486

1,487

Vesting of restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

8

26

25

25

25

25

25

25

84

Fair value of shares issued for acquisition of a business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

30,615

-

0

0

0

-

-

-

-

-

-

-

-

Less fair value of common stock issued in connection with acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

30,615

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for acquisition, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

9,100

-

-

-

0

-

-

-

-

-

-

-

-