Box, inc. (BOX)
CashFlow / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss

-30,390

-40,896

-36,234

-36,828

-19,694

-40,196

-38,085

-36,637

-32,665

-42,924

-39,285

-40,086

-36,877

-38,233

-38,102

-38,575

-50,373

-55,117

-50,175

-47,283

-46,733

-45,421

-37,562

-38,511

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

17,322

16,038

13,439

12,625

11,643

11,433

11,849

11,395

10,862

9,913

9,765

9,572

8,639

8,710

10,721

12,084

11,427

9,936

9,865

9,166

9,067

7,623

6,433

5,896

Stock-based compensation expense

39,063

37,758

36,805

32,362

30,210

31,790

30,683

26,613

24,949

25,523

24,067

22,946

23,302

19,917

19,064

16,089

16,657

15,404

14,728

12,715

9,585

8,513

8,079

5,752

Amortization of deferred commissions

7,562

6,650

6,071

5,639

5,092

4,516

4,040

3,675

5,725

5,393

5,368

4,990

4,633

4,251

4,605

4,771

4,314

3,974

3,922

3,606

3,242

3,005

2,974

2,858

Loss on disposal of property and equipment

-

-

-

-

-

-586

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Remeasurement of redeemable convertible preferred stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

54

-461

267

Release of deferred tax valuation allowance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-825

-

Other

79

-7

-25

147

-17

18

-26

21

18

124

-19

-22

-18

-13

25

-108

-532

-457

-102

2

148

-113

-156

-157

Changes in operating assets and liabilities
Accounts receivable, net

101,041

-9,510

24,248

-81,475

69,416

-9,065

23,754

-71,690

66,265

-12,023

25,124

-37,346

34,118

10,825

17,555

-41,927

35,174

10,321

15,496

-15,623

14,283

3,762

4,028

-10,586

Deferred commissions

17,391

11,617

8,878

6,076

14,504

9,753

8,588

4,716

12,898

4,616

5,835

2,784

9,974

3,667

4,149

2,257

9,829

3,729

5,354

2,813

6,501

3,737

3,160

2,789

Operating lease right-of-use assets, net

9,004

9,007

8,878

8,560

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

3,819

-1,550

457

4,382

416

-350

-267

5,200

-756

-2,746

3,402

2,541

-580

-1,670

-2,664

227

170

-1,565

-1,343

28,455

13

-2,020

2,245

2,283

Accounts payable

4,101

-7,486

6,472

-3,187

1,901

959

-1,680

475

2,431

-2,592

-121

7,182

-3,162

2,353

-550

266

-5,901

-6,989

8,602

266

976

1,537

-596

1,314

Accrued expenses and other liabilities

2,541

919

2,516

-11,827

14,735

-1,640

9,407

-24,674

24,855

-4,828

7,074

-10,967

11,215

-1,036

7,484

-26,698

17,317

-937

2,560

-997

10,859

2,627

-246

-6,288

Operating lease liabilities

10,108

7,360

9,463

8,127

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

1,413

1,189

530

-92

424

144

2,510

10,799

17,616

2,094

1,848

-739

-221

1,557

695

Deferred revenue

98,202

-5,187

389

-44,596

73,800

-276

14,568

-24,160

67,917

12,167

16,524

-17,669

49,386

9,594

10,820

-14,229

45,266

10,798

6,148

4,144

19,377

8,086

3,644

-1,122

Net cash provided by operating activities

15,014

8,893

-4,685

25,491

31,332

6,816

-1,267

18,440

22,517

14,094

-9,761

8,541

13,550

-6,829

-4,879

-4,231

4,865

-17,343

-21,661

-32,182

-15,589

-19,563

-26,280

-23,468

CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

240

-

11,516

63,062

709

3,140

-

0

0

-

Purchases of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6,202

106,319

-

0

0

-

Maturities of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

0

0

471

6,586

6,225

13,492

6,653

0

-

0

0

-

Purchases of property and equipment

1,231

1,055

1,552

1,614

2,195

5,247

3,326

4,040

7,022

3,003

1,013

784

1,317

1,892

771

10,976

25,097

19,998

17,943

9,901

8,917

7,510

16,293

5,961

Capitalized internal-use software costs

1,475

2,469

2,727

1,286

-

1,343

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of property and equipment

2

0

3

3

0

1

0

1

76

2

2

27

3

8

72

4

73

0

0

0

-

-

-

-

Acquisitions

-

-

-

-

-

-

458

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-2,599

-3,524

-4,276

-2,897

-1,739

-6,589

-3,784

-4,039

-6,946

-3,001

-1,011

-757

-1,314

-1,884

12

-4,386

-7,283

56,503

-16,801

-113,280

-8,917

-7,610

-16,395

-5,961

CASH FLOWS FROM FINANCING ACTIVITIES:
Acquisitions and purchases of intangible assets, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

53

18

200

-

100

102

-

Proceeds from borrowings, net of borrowing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

12,000

-

Principal payments on borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,000

-

-

Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

149,619

-

Payment of initial public offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

839

1,333

-

0

1,013

1,735

Payment of borrowing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

93

-

0

0

0

-

-

-

-

Proceeds from exercise of stock options

2,957

764

1,045

1,199

1,350

2,145

9,469

3,362

5,123

4,002

2,957

2,456

3,483

3,388

1,969

2,246

1,867

2,734

1,618

796

3,165

746

528

1,577

Proceeds from issuances of common stock under employee stock purchase plan

0

9,820

0

13,605

0

10,015

0

11,846

0

8,640

0

8,881

0

6,710

0

9,016

0

10,282

0

0

-

0

-

-

Employee payroll taxes paid related to net share settlement of restricted stock units

8,273

9,494

10,970

14,591

6,923

11,596

12,010

13,295

8,557

11,284

5,821

9,114

3,958

4,726

4,100

4,768

2,144

2,105

1,972

4,215

-

0

0

-

Principal payments of finance lease liabilities

12,342

7,055

9,991

9,154

6,738

4,290

5,752

7,150

3,359

4,781

4,176

3,736

3,236

2,178

2,312

949

1,108

508

192

228

-

0

0

-

Acquisition related contingent consideration

-

-

936

-

-

-

-

-

-

-

991

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-17,658

-5,965

-20,852

-8,941

-12,311

-3,726

-8,293

-5,237

-6,863

-3,423

-8,031

-1,513

-3,724

3,194

-4,443

5,452

-1,525

10,403

-1,385

-4,980

189,722

-5,259

161,134

-158

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

-61

-3

-134

27

132

-123

-158

-124

318

-88

149

29

-92

-12

-49

114

-11

13

-21

-7

-50

-16

-7

2

Net (decrease) increase in cash, cash equivalents, and restricted cash

-5,304

-599

-29,947

13,680

17,414

-3,622

-13,502

9,040

9,026

7,582

-18,654

6,300

8,420

-5,531

-9,359

-3,051

-3,954

49,576

-39,868

-150,449

165,166

-32,448

118,452

-29,585

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest, net of amounts capitalized

1,781

1,258

1,358

1,152

790

623

587

585

520

527

466

423

397

50

555

233

234

297

293

359

400

351

142

206

Cash paid for income taxes, net of tax refunds

117

967

307

1,444

107

501

131

861

101

425

188

545

28

95

-2

118

0

132

242

458

0

50

-17

124

SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Accrued equipment purchases

-5,536

3,835

1,051

3,773

-16,082

10,560

4,403

4,854

6,107

1,714

2,054

-1,164

-1,883

3,647

-2,180

-12,844

-13,957

19,075

8,446

-2,798

-3,443

5,946

-9,926

9,533

Increase in long-lived assets resulting from capitalizing asset retirement costs

0

0

11

2,706

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of redeemable convertible preferred shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,743

1,791

-

Stock-based compensation capitalized in internal-use software costs

-

1,188

1,438

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in finance lease liabilities

18,470

40,530

23,006

21,414

23,248

9,230

8,465

10,056

4,556

6,194

5,972

9,709

13,549

8,390

5,562

4,348

5,766

3,307

2,335

1,730

-

0

0

-

Change in unpaid tax related to capital lease

-

-

-

-

-

-

-

-

-

160

200

235

-

522

628

-198

-

0

0

0

-

-

-

-

Change in unpaid taxes related to net share settlement of restricted stock units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-461

461

-

-

0

0

-

-

-

-

Issuance of common stock in connection with acquisitions

-

-

-

-

-

-

1,053

-

-

-

-

-

-

1,011

-

-

0

0

5,444

664

-

0

4,305

-

Contingent consideration accruals in connection with acquisitions

-

-

-

-

-

-

936

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Timing of settlement of stock options exercise

-

-

-

14

-

-

-1,007

1,007

-

520

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CASH, CASH EQUIVALENTS, AND RESTRICTED CASH INFORMATION:
Vesting of early exercised stock options and restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

47

0

40

40

-

-

-

240

Change in unpaid deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-839

-1,333

1,644

32

-848

-411