Digital river inc /de (DRIV)
CashFlow / Quarterly
Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
OPERATING ACTIVITIES
Net income (loss)

4,154

-7,234

-5,584

77

-12,487

-872

-11,365

-200,071

-734

200

4,737

-

-

-

-

-

-

-

-

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Loss (gain) on disposal of discontinued operations

-

-

212

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

291

7,019

-

5,861

-2,480

6,967

Amortization of acquisition-related intangibles

2,038

2,186

2,171

2,183

2,149

2,283

1,928

-

-

-

-

-

-

2,205

2,122

-

2,188

1,612

1,481

Amortization of acquisition-related intangibles

-

-

-

-

-

-

-

-

-

1,743

1,849

-

-

-

-

-

-

-

-

Provision for doubtful accounts

763

-343

179

261

472

601

327

682

449

424

476

401

232

781

-97

-37

934

1,018

751

Depreciation and amortization

6,601

6,510

6,358

6,332

5,713

5,088

5,030

5,049

4,969

4,950

5,339

5,550

5,693

5,559

5,405

-

-

-

-

Impairment of goodwill

-

-

-

0

0

0

21,249

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,481

Debt issuance cost amortization

192

192

346

423

423

425

430

472

494

493

494

494

494

493

505

-

-

-

-

Amortization of investment premiums

-368

-270

-473

-591

-722

-827

-697

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on disposal of equipment

0

-114

472

33

-52

4

-73

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investment

-

-

-

0

0

6,459

11,067

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

0

0

-5,605

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

4,585

4,666

3,988

4,273

4,341

6,379

5,575

11,262

6,063

6,231

5,961

5,879

5,549

5,731

4,955

5,495

5,280

5,522

4,476

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

376

26

57

46

468

43

56

1,418

1,854

118

60

442

Deferred and other income taxes

560

-212

-228

-1,865

3,480

-1,132

-633

27,674

-4,373

2,626

-2,578

-3,770

-30

-1

1,152

-2,342

-268

-339

108

Change in operating assets and liabilities, net of acquisitions:
Accounts receivable

8,431

-7,880

-4,151

12,422

-6,721

-4,197

13,774

-14,254

3,105

15,267

-6,833

9,950

1,588

2,355

1,399

-6,384

14,551

-4,741

-3,606

Prepaid and other assets

1,954

-89

-2,245

-3,804

-4,097

329

-2,172

1,030

1,764

1,401

4,197

-1,984

-2,887

-1,702

3,938

5,634

2,461

-3,975

2,420

Accounts payable

6,128

116

-19,060

28,023

4,571

-69,095

-1,197

22,253

10,020

-28,368

-44,238

66,374

14,472

-16,951

-6,733

24,848

13,284

-32,428

-17,258

Deferred revenue

-527

-34

-2,174

-2,967

-2,861

186

-1,646

-829

4,177

6,554

-1,637

-584

-523

-1,304

629

-1,502

-1,233

-540

526

Income tax payable

-9,822

-658

850

472

-2,326

-541

716

5,177

3,710

-826

2,887

1,464

-3,586

-1,520

-419

2,978

-7,149

-3,253

5,933

Other current liabilities

3,124

-384

-9,060

1,329

1,199

4,764

-8,764

5,038

5,875

-6,080

1,051

4,273

679

-10,142

-19,099

-

-

-

-7,467

Net cash provided by (used in) operating activities

5,528

13,095

-10,424

30,265

18,376

-53,682

-10,249

-

-

-

-

-

-

-15,567

-11,316

-

22,165

-23,934

1,742

INVESTING ACTIVITIES
Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-28,778

-23,069

-

-

-

-

-

-

-

-

Purchases of investments

20,817

153,261

11,102

87,657

0

32,958

20,285

2,882

15,174

18,389

62,213

-

-

-

-

-

-

-

-

Sales of investments

34,777

72,997

44,060

94,087

24,044

29,064

37,783

63,359

33,890

27,887

60,614

-

-

-

-

-

-

-

-

Cash received (paid) for cost method investments

-2,209

0

658

0

0

-6,459

-33,177

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for acquisitions, net of cash received

-

-

-

0

0

-4

55,847

-

-

-

-

-

-

-

-

0

5,635

8,617

333

Proceeds from sale of equipment

0

60

472

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

82,519

109,115

-

32,734

21,480

11,675

Sales of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

45,847

37,799

-

20,049

7,900

12,250

Purchases of equipment and capitalized software

5,460

4,017

4,135

7,672

2,495

6,184

6,983

7,641

8,244

3,737

2,413

6,116

8,608

4,629

4,507

4,913

3,375

6,738

3,553

Net cash provided by (used in) investing activities

10,709

-84,221

28,637

-1,142

21,569

-3,615

-12,155

-

-

-

-

-

-

-41,301

-75,823

-

-23,851

-28,935

-3,311

FINANCING ACTIVITIES
Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

0

0

0

342

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

5,761

-4,012

-

-

-

-

-

-

-

-

Repurchase of senior convertible notes

0

45

173,253

-1

0

4,019

1,335

-

-

-

-

-

-

-

-

-

-

-

-

Exercise of stock options

-

-

-

0

0

0

1,273

45

13

52

1,457

-1

50

101

214

3,095

1,043

380

486

Repurchase of common stock

51

14,185

14,024

7,258

12,712

20,057

11,181

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of restricted stock to satisfy tax withholding obligation

85

79

3,960

159

67

300

3,961

1,451

127

98

3,432

87

149

193

5,563

-

-

-

-

Repurchase of restricted stock to satisfy tax withholding obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,896

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

376

26

57

46

468

43

56

1,418

1,854

118

60

442

Net cash provided by (used in) financing activities

-141

-13,289

-191,237

-6,367

-12,779

-23,193

-15,204

-

-

-

-

-

-

1,215

-4,273

-

1,105

1,355

-1,968

EFFECT OF EXCHANGE RATE CHANGES ON CASH

-7,917

-76

-1,127

3,050

8,049

2,595

-4,501

-

-

-

-

-

-

3,881

10,552

-

18,308

-15,624

-10,242

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-18,931

-1,929

-

-

-

-

-

-

-

-

EFFECT OF EXCHANGE RATE CHANGES ON CASH

-

-

-

-

-

-

-

-

-

-11,865

7,172

-

-

-

-

-

-

-

-

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

8,179

-84,491

-174,151

25,806

35,215

-77,895

-42,109

77,396

43,913

-53,813

-21,838

40,072

24,667

-51,772

-80,860

235,572

17,727

-67,138

-13,779

SUPPLEMENTAL DISCLOSURES
Cash paid for interest on senior convertible notes

0

1,352

1,157

2,958

55

3,013

55

3,563

55

3,450

55

-

-

-

-

-

-

-

-

Cash paid for interest on senior convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

3,450

55

-

55

0

55

Cash paid for income taxes

1,079

927

1,657

919

2,016

383

974

958

447

1,371

496

1,724

1,086

1,443

832

753

2,376

991

1,763