Channeladvisor corp (ECOM)
CashFlow / TTM
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'13
Cash flows from operating activities
Net income (loss)

7,818

3,482

-1,331

-5,347

-6,773

-7,601

-8,669

-10,437

-11,658

-16,557

-10,261

-8,758

-11,500

-8,007

-14,522

-16,761

-16,558

-20,951

-26,807

-31,020

-34,100

-34,514

-36,587

-31,876

-27,268

-20,628

0

0

0

Adjustments to reconcile net income (loss) to cash and cash equivalents provided by operating activities:
Depreciation and amortization

6,268

6,336

6,391

6,277

6,160

6,094

6,046

6,101

6,325

6,578

6,918

7,219

7,476

7,838

8,391

8,826

8,955

8,793

8,234

7,634

6,842

6,264

0

0

0

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Bad debt expense

1,202

1,147

866

893

1,044

991

1,492

1,146

921

727

553

246

234

528

229

846

1,039

1,236

1,575

1,359

1,461

1,315

0

0

0

-

-

-

-

Bad debt expense (recovery)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Change in fair value of preferred stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,052

0

0

0

Accretion of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-547

0

0

0

Stock-based compensation expense

8,492

8,976

9,575

11,748

11,263

10,598

10,838

10,704

11,756

11,947

12,187

12,212

12,761

13,262

12,771

13,003

12,372

11,837

11,953

11,390

10,241

7,981

5,967

3,907

2,300

2,099

0

0

0

Deferred income taxes

562

531

633

655

577

493

349

165

169

130

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash rent expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Other items, net

155

-118

141

269

572

851

883

825

867

869

759

779

826

875

704

535

389

85

137

72

-163

-120

0

0

0

-

-

0

0

Changes in assets and liabilities:
Accounts receivable

579

-361

810

2,572

2,722

-2,634

2,136

554

3,335

8,261

6,379

4,037

713

1,885

-1,157

3,610

2,461

5,833

6,180

4,015

5,655

1,407

2,811

4,648

3,848

4,917

0

0

0

Prepaid expenses and other assets

-360

-892

-1,997

-7,539

-10,633

-10,303

-6,444

2,334

6,667

5,514

5,216

3,053

2,173

2,014

-982

-1,202

-918

2,921

2,307

2,055

2,591

1,054

1,907

2,036

1,106

1,026

0

0

0

Deferred contract costs

0

-

4,066

4,980

5,299

6,730

5,325

3,586

1,942

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-195

-2,306

-1,884

-6,695

-10,368

-10,936

-5,871

-432

2,782

5,242

4,897

4,331

5,618

3,697

433

2,493

-2,221

3,608

883

1,205

1,682

-2,709

1,777

1,577

4,052

5,723

0

0

0

Deferred revenue

-3,748

-3,383

-3,588

-2,521

-3,265

-3,765

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

0

0

3,910

-

4,218

5,380

4,003

3,101

3,254

2,228

2,713

2,447

2,482

3,896

2,941

4,471

0

0

0

Cash and cash equivalents provided by operating activities

17,330

13,008

7,642

4,728

678

1,230

310

-1,867

-1,375

-2,996

1

5,312

9,204

11,571

12,711

10,600

5,414

-1,459

-9,510

-13,324

-19,222

-21,535

-21,107

-20,029

-13,359

-5,314

0

0

0

Cash flows from investing activities
Purchases of property and equipment

1,158

986

1,214

1,638

1,879

2,045

1,949

2,903

2,768

2,790

3,262

1,566

1,478

1,755

1,510

2,049

4,151

4,062

4,043

3,392

3,120

5,971

7,121

8,283

6,961

3,711

0

0

0

Payment of software development costs

2,882

2,721

2,287

1,897

1,281

894

648

424

360

293

237

216

165

208

256

249

-485

190

155

309

1,475

846

1,365

1,462

1,451

1,507

0

0

0

Cash and cash equivalents used in investing activities

-4,040

-3,707

-3,501

-3,535

-3,160

-2,939

-2,597

-3,327

-5,305

-5,260

-5,676

-3,959

-1,643

-1,963

-1,766

-2,298

-3,666

-4,252

-12,232

-11,735

-12,629

-14,851

-8,486

-9,745

-8,412

-5,218

0

0

0

Cash flows from financing activities
Repayment of finance leases

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14,230

0

0

0

Repayment of finance leases

-

-

-

-

-

-

-

-

-

2,840

2,603

3,072

2,628

2,096

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

Payment of deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,909

0

0

0

Proceeds from exercise of stock options

124

974

988

1,053

1,884

1,106

1,889

2,093

1,401

1,428

734

852

844

930

1,223

1,002

1,089

892

723

1,082

1,336

2,060

3,396

2,929

3,094

2,448

0

0

0

Payment of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-338

-338

-236

-132

0

0

0

0

-

-

-

-

-

-

-

-

Payment of statutory tax withholding related to net-share settlement of restricted stock units

-

-

-

-

-

2,959

2,276

1,802

1,064

2,727

2,890

2,984

3,011

2,394

2,236

2,081

1,799

739

0

0

0

-

-

-

-

-

-

-

-

Cash and cash equivalents provided by financing activities

-5,035

-4,624

-4,448

-2,812

-3,418

-4,094

-2,733

-1,947

-2,246

-4,139

-4,759

-5,306

-5,001

-3,898

-3,583

-4,170

-2,300

-1,592

-2,107

-798

-405

361

21,361

20,506

105,712

104,164

0

0

0

Effect of currency exchange rate changes on cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of currency exchange rate changes on cash and cash equivalents

-

-

-

-

-

-434

-268

174

289

397

-119

-538

-845

-764

-1,615

527

-665

-589

553

-1,550

182

-15

225

337

63

-91

0

0

0

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Supplemental disclosure of cash flow information
Cash paid for interest

205

215

219

225

22

30

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

0

0

150

-

138

205

120

155

188

146

192

273

424

730

1,152

1,334

0

0

0

Cash paid for income taxes, net

191

62

96

62

112

113

126

110

198

196

156

169

80

115

37

17

219

170

243

250

55

53

56

71

26

92

0

0

0

Supplemental disclosure of noncash investing and financing activities
Accrued statutory tax withholding related to net-share settlement of restricted stock units

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred offering costs included in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

73

0

0

0

Accrued capital expenditures

60

15

-258

35

26

68

387

-400

134

80

-152

598

60

233

1,002

755

745

563

0

0

0

-

-

-

0

-

-

-

0

Finance lease obligations entered into for the purchase of fixed assets

-

-

-

-

-

-

-

-

-

567

567

2,338

2,338

1,771

0

0

0

-

-

-

-

-

-

-

-

1,454

0

0

0