8x8, inc. (EGHT)
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'11Dec'10Sep'10Jun'10
Cash flows from operating activities:
Net loss

-50,100

-47,071

-40,932

-34,265

-28,131

-23,771

-21,482

-15,355

-13,262

-88,520

-546

-2,169

-2,925

-1,325

27

-528

-1,076

-1,680

-1,892

-472

183

444

1,291

8

-1,945

89

2,231

2,139

1,661

1,920

1,741

8,617

63,863

2,586

832

1,947

2,011

1,496

1,969

1,018

Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation

2,559

2,202

2,274

2,325

2,284

2,233

2,170

2,061

2,122

2,087

2,065

1,897

1,621

1,484

1,508

1,471

1,396

1,323

1,282

993

1,027

937

821

755

679

601

612

675

707

684

627

505

434

385

378

338

-

-

-

-

Amortization of intangibles

2,651

2,322

2,303

1,524

1,649

1,694

1,425

1,432

1,005

1,180

1,293

1,522

1,021

873

908

960

992

1,002

1,017

546

545

554

566

567

569

403

331

340

357

357

357

357

357

357

48

26

-

-

-

-

Amortization of capitalized software

5,762

5,021

4,437

3,805

3,296

2,703

2,064

1,685

1,243

689

273

308

149

146

150

146

0

0

0

456

86

85

85

85

55

55

37

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt discount and issuance costs

4,058

3,590

3,224

3,173

1,355

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred sales commission costs

5,736

5,087

4,529

4,189

14,204

-6,664

3,411

3,253

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease expense, net of accretion

4,295

4,442

4,149

2,085

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash lease expense

-

-

-

-

1,201

1,200

1,201

1,200

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net accretion of discount and amortization of premium on marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

149

199

236

237

231

236

192

114

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

361

326

273

Stock-based compensation expense

20,573

19,317

17,391

13,597

12,934

12,534

10,129

8,911

8,038

8,130

6,657

6,351

5,832

6,071

4,508

5,051

5,132

4,663

3,517

3,022

2,858

2,634

2,008

1,847

2,350

3,232

1,106

907

807

765

506

556

493

418

329

266

230

99

56

73

Change in fair value of warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-334

0

325

-158

Deferred income tax expense

-

-

-

-

-

-

-

-

0

71,135

-3,370

-1,492

-307

49

-109

-44

-1,854

-326

211

476

-54

442

1,392

610

2,179

-1,502

716

873

1,949

780

801

5,778

-62,086

0

0

-336

0

0

0

0

Gain on escrow settlement

-

-

-

-

-

-

-

-

0

0

0

1,393

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

851

1,037

608

1,026

-695

335

166

372

-388

-535

660

101

394

303

209

290

806

219

174

74

-12

153

106

9

160

100

232

158

207

202

132

75

431

93

-23

60

27

23

5

29

Changes in assets and liabilities:
Accounts receivable

3,961

6,213

-1,202

3,765

1,428

618

1,850

1,497

-903

2,122

1,036

147

1,532

1,408

816

1,043

1,401

162

2,364

612

-533

179

1,481

402

471

-75

1,311

-132

471

-350

1,424

626

417

204

183

255

127

-37

415

-147

Deferred sales commission costs

12,770

13,153

11,791

8,707

18,052

-4,105

6,287

5,052

0

0

0

0

-

-

-

-

-

79

24

53

28

-161

497

-157

48

-217

-24

30

78

-15

11

-14

7

8

-19

5

-18

4

15

-17

Inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-78

288

-88

183

-206

18

-47

31

336

-152

61

-52

6

0

19

61

-105

-964

-527

-487

1,092

-777

143

Other current and non-current assets

8,357

7,362

11,678

5,740

1,772

1,113

1,033

419

834

-1,170

1,862

1,623

1,277

-1,059

1,722

575

-179

905

324

470

-309

-103

433

175

-82

139

125

306

-18

-210

110

148

-84

-252

-93

-60

-150

-59

164

-30

Accounts payable and accruals

-5,717

8,276

188

-588

4,054

5,067

4,226

3,905

3,005

5,456

510

2,889

3,741

1,728

2,069

597

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

286

-801

933

1,346

-1,716

-8

988

53

-1,312

-294

316

372

-239

242

35

-845

322

652

1,085

356

-490

-2,246

1,464

Accrued compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,117

509

725

-412

1,126

244

674

-729

1,200

-65

82

-139

721

-36

-22

-191

685

-573

207

39

42

7

190

Accrued warranty

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-17

3

-84

-115

-81

-41

26

82

78

22

30

46

-29

18

-9

5

13

16

-55

37

24

25

Accrued taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

946

399

492

-71

312

121

128

214

228

26

-192

935

-290

-93

-112

-40

269

250

-123

277

-33

-513

245

Accrued outside commissions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-618

675

199

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-170

4,184

90

832

-184

172

521

293

-41

65

347

-61

27

-199

156

211

154

194

83

-704

-225

-276

-212

-352

-76

-204

1,334

-373

406

33

-277

183

122

310

-379

144

204

474

50

-253

Other current and non-current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

425

99

-1,272

1,566

43

-160

-447

110

338

-173

7

3,645

-118

-1,733

45

865

623

234

-385

661

-1,565

1,779

-762

Net cash (used in) provided by operating activities

-31,069

-18,321

-24,006

-20,509

-8,195

-2,123

-5,339

789

2,663

8,204

4,991

6,183

6,258

8,796

6,888

6,536

8,183

8,269

2,455

4,660

7,465

5,145

3,980

4,650

3,344

2,562

3,778

5,233

5,797

6,628

4,437

14,926

2,803

3,166

1,102

2,140

1,615

2,680

2,201

2,093

Cash flows from investing activities:
Purchases of property and equipment

12,981

15,715

5,154

1,984

3,318

2,900

1,655

1,223

2,654

2,503

1,728

2,293

2,342

1,279

3,626

1,604

1,599

1,177

1,045

1,073

1,303

1,970

1,527

1,026

772

636

979

466

433

515

3,682

1,048

557

532

1,026

185

166

811

1,709

-629

Cost of capitalized software

8,789

8,445

6,601

7,738

7,412

6,824

6,274

5,112

3,797

3,486

3,081

2,122

1,577

1,496

1,736

707

820

567

237

471

268

275

181

0

165

117

145

328

190

0

0

0

-

-

-

-

-

-

-

-

Proceeds from escrow settlement

-

-

-

-

-

-

-

-

0

0

0

1,393

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investments

12,565

10,768

5,390

13,500

1,774

9,916

22,903

19,534

39,303

18,360

36,234

21,327

47,379

28,130

21,892

42,625

36,698

37,739

17,877

34,409

28,200

19,967

27,720

30,134

141,604

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Sales of investments

3,398

2,478

846

29,793

12,862

18,176

11,690

11,914

4,459

10,128

8,002

5,252

6,467

7,958

11,539

15,324

12,368

12,635

8,679

22,620

7,184

4,043

6,545

18,992

24,219

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities of investments

9,755

7,650

3,945

4,600

5,850

9,395

17,055

18,400

43,232

11,300

20,400

25,450

46,170

18,400

12,200

17,025

25,910

14,345

16,286

7,820

32,146

9,800

18,300

3,300

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of strategic investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

630

-315

Acquisition of businesses, net of cash acquired

276

112

58,741

0

0

3,000

0

2,625

0

0

0

0

-

-

-

-

-188

0

0

23,434

0

0

0

0

-

-

-

-

-

-

-

-

0

0

-2

715

0

0

1,996

-998

Net cash used in investing activities

-21,458

-24,912

-71,095

11,171

6,208

4,931

-2,087

1,820

1,937

-2,921

-12,641

6,353

-1,545

-4,547

-3,515

-12,587

-651

-12,503

5,806

-28,947

9,559

-8,369

-4,583

-8,868

-118,322

-16,227

-1,124

-794

-623

-515

-3,682

-1,048

-529

-532

-1,024

-900

-162

-2,810

-450

-1,942

Cash flows from financing activities:
Finance lease payments

3

85

97

130

178

246

248

277

224

239

265

351

214

127

151

182

125

121

146

54

34

34

35

46

59

16

5

5

13

14

16

43

2

26

238

9

10

10

27

-9

Tax-related withholding of common stock

-

760

5,403

23

-

-552

7,954

229

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

0

100

0

200

0

50

150

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock, including for withholding taxes

-

-

-

-

-

-

-

-

303

8,295

12,788

1,054

175

1,986

213

629

25

1,495

10,108

25

17,648

1,643

32

48

169

63

137

120

134

138

73

74

1,512

0

0

1,038

3,636

1,326

2,820

-120

Proceeds from issuance of common stock under employee stock plans

7,295

901

4,614

1,520

4,830

652

5,713

1,007

3,926

515

2,068

720

2,393

94

1,561

1,039

1,979

772

1,740

336

1,789

967

1,529

170

2,208

745

918

1,296

715

488

1,168

87

2,046

256

426

267

519

1,398

343

14

Net cash provided by (used in) financing activities

6,253

65,361

-886

1,367

250,268

958

-2,489

501

3,399

-8,019

-11,135

-685

2,490

-2,119

1,197

28

2,053

-894

-8,664

257

-15,742

-710

1,462

76

2,114

126,424

776

1,171

574

336

1,079

-30

148

170

188

-780

-3,565

841

-1,968

-115

Effect of exchange rate changes on cash

-1,126

447

98

413

-23

-118

35

-256

35

-65

180

294

370

-767

58

-87

125

199

-100

218

-770

484

116

56

-91

10

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-47,400

22,575

-95,889

-7,558

248,258

3,648

-9,880

2,854

8,034

-2,801

-18,605

12,145

7,573

1,363

4,628

-6,110

9,710

-4,929

-503

-23,812

512

-3,450

975

-4,086

-112,955

112,769

3,430

5,610

5,748

6,449

1,834

13,848

2,422

2,804

266

460

-2,112

711

-217

36

Supplemental and non-cash disclosures:
Interest paid

-

-

-

-

-

-

-

-

8

12

9

7

0

4

5

7

14

13

11

6

-20

9

15

1

1

2

1

1

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

215

358

143

218

66

40

123

127

-179

43

105

69

110

64

199

87

4

142

247

52

-22

88

8

85

-52

203

120

156

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of net assets in purchase of strategic investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

41

Non-cash investing and financing activities
Issuance of common stock in connection with acquisitions of businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,233

28,375

750

0

0

0

600

Acquisition of property and equipment, net in connection with acquisitions of businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8

0

355

17

0

0

0

80

Equipment acquired under capital leases

-

-

-

-

-

-

-

-

0

0

0

765

329

0

823

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-