8x8, Inc. EGHT Cash Flow

8x8, inc. (EGHT)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10
Cash flows from operating activities:
Net loss
-172,368	-150,399	-127,099	-107,649	-88,739	-73,870	-138,619	-117,683	-104,497	-94,160	-6,965	-6,392	-4,751	-2,902	-3,257	-5,176	-5,120	-3,861	-1,737	1,446	1,926	-202	-557	383	2,514	6,120	7,951	7,461	13,939	76,141	76,807	75,898	69,228	7,376	6,286	7,423	6,494	0	0	0
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation
9,360	9,085	9,116	9,012	8,748	8,586	8,440	8,335	8,171	7,670	7,067	6,510	6,084	5,859	5,698	5,472	4,994	4,625	4,239	3,778	3,540	3,192	2,856	2,647	2,567	2,595	2,678	2,693	2,523	2,250	1,951	1,702	1,535	0	0	0	-	-	-	-
Amortization of intangibles
8,800	7,798	7,170	6,292	6,200	5,556	5,042	4,910	5,000	5,016	4,709	4,324	3,762	3,733	3,862	3,971	3,557	3,110	2,662	2,211	2,232	2,256	2,105	1,870	1,643	1,431	1,385	1,411	1,428	1,428	1,428	1,119	788	0	0	0	-	-	-	-
Amortization of capitalized software
19,025	16,559	14,241	11,868	9,748	7,695	5,681	3,890	2,513	1,419	876	753	591	442	296	146	456	542	627	712	341	310	280	232	147	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount and issuance costs
14,045	11,342	7,752	4,528	1,355	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred sales commission costs
19,541	28,009	16,258	15,140	14,204	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease expense, net of accretion
14,971	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash lease expense
-	-	-	-	4,802	3,601	2,401	1,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net accretion of discount and amortization of premium on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	821	903	940	896	773	542	306	114	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Stock-based compensation expense
70,878	63,239	56,456	49,194	44,508	39,612	35,208	31,736	29,176	26,970	24,911	22,762	21,462	20,762	19,354	18,363	16,334	14,060	12,031	10,522	9,347	8,839	9,437	8,535	7,595	6,052	3,585	2,985	2,634	2,320	1,973	1,796	1,506	1,243	924	651	458	0	0	0
Change in fair value of warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-167	0	0	0
Deferred income tax expense
-	-	-	-	-	-	-	-	66,273	65,966	-5,120	-1,859	-411	-1,958	-2,333	-2,013	-1,493	307	1,075	2,256	2,390	4,623	2,679	2,003	2,266	2,036	4,318	4,403	9,308	-54,727	-55,507	-56,308	-62,422	-336	-336	-336	0	0	0	0
Gain on escrow settlement
-	-	-	-	-	-	-	-	1,393	1,393	1,393	1,393	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
3,522	1,976	1,274	832	178	485	-385	109	-162	620	1,458	1,007	1,196	1,608	1,524	1,489	1,273	455	389	321	256	428	375	501	650	697	799	699	616	840	731	576	561	157	87	115	84	0	0	0
Changes in assets and liabilities:
Accounts receivable
12,737	10,204	4,609	7,661	5,393	3,062	4,566	3,752	2,402	4,837	4,123	3,903	4,799	4,668	3,422	4,970	4,539	2,605	2,622	1,739	1,529	2,533	2,279	2,109	1,575	1,575	1,300	1,413	2,171	2,117	2,671	1,430	1,059	769	528	760	358	0	0	0
Deferred sales commission costs
46,421	51,703	34,445	28,941	25,286	7,234	11,339	5,052	0	0	0	0	-	-	-	-	-	184	-56	417	207	227	171	-350	-163	-133	69	104	60	-11	12	-18	1	-24	-28	6	-16	0	0	0
Inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	305	177	-93	-52	-204	338	168	276	193	-137	15	-27	86	-25	-989	-1,535	-2,083	-886	-699	-29	0	0	0
Other current and non-current assets
33,137	26,552	20,303	9,658	4,337	3,399	1,116	1,945	3,149	3,592	3,703	3,563	2,515	1,059	3,023	1,625	1,520	1,390	382	491	196	423	665	357	488	552	203	188	30	-36	-78	-281	-489	-555	-362	-105	-75	0	0	0
Accounts payable and accruals
2,159	11,930	8,721	12,759	17,252	16,203	16,592	12,876	11,860	12,596	8,868	10,427	8,135	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,764	-238	555	610	-683	-279	-565	-1,237	-918	155	691	410	-807	-246	164	1,214	2,415	1,603	-1,295	-916	0	0	0
Accrued compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,939	1,948	1,683	1,632	1,315	1,389	1,080	488	1,078	599	628	524	472	436	-101	128	358	-285	295	278	0	0	0
Accrued warranty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-101	-213	-277	-321	-211	-14	145	208	212	176	69	65	26	-15	27	25	-21	11	22	31	0	0	0
Accrued taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,766	1,132	854	490	775	691	596	276	997	479	360	440	-535	24	367	356	673	371	-392	-24	0	0	0
Accrued outside commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
4,936	4,922	910	1,341	802	945	838	664	310	378	114	-77	195	322	715	642	-273	-652	-1,122	-1,417	-1,065	-916	-844	702	681	1,163	1,400	-211	345	61	338	236	197	279	443	872	475	0	0	0
Other current and non-current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	818	436	177	1,002	-454	-159	-172	282	3,817	3,361	1,801	1,839	-941	-200	1,767	1,337	1,133	-1,055	490	113	0	0	0
Net cash (used in) provided by operating activities
-93,905	-71,031	-54,833	-36,166	-14,868	-4,010	6,317	16,647	22,041	25,636	26,228	28,125	28,478	30,403	29,876	25,443	23,567	22,849	19,725	21,250	21,240	17,119	14,536	14,334	14,917	17,370	21,436	22,095	31,788	28,794	25,332	21,997	9,211	8,023	7,537	8,636	8,589	0	0	0
Cash flows from investing activities:
Purchases of property and equipment
35,834	26,171	13,356	9,857	9,096	8,432	8,035	8,108	9,178	8,866	7,642	9,540	8,851	8,108	8,006	5,425	4,894	4,598	5,391	5,873	5,826	5,295	3,961	3,413	2,853	2,514	2,393	5,096	5,678	5,802	5,819	3,163	2,300	1,909	2,188	2,871	2,057	0	0	0
Cost of capitalized software
31,573	30,196	28,575	28,248	25,622	22,007	18,669	15,476	12,486	10,266	8,276	6,931	5,516	4,759	3,830	2,331	2,095	1,543	1,251	1,195	724	621	463	427	755	780	663	518	190	0	0	0	-	-	-	-	-	-	-	-
Proceeds from escrow settlement
-	-	-	-	-	-	-	-	1,393	1,393	1,393	1,393	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investments
42,223	31,432	30,580	48,093	54,127	91,656	100,100	113,431	115,224	123,300	133,070	118,728	140,026	129,345	138,954	134,939	126,723	118,225	100,453	110,296	106,021	219,425	199,458	171,738	141,604	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Sales of investments
36,515	45,979	61,677	72,521	54,642	46,239	38,191	34,503	27,841	29,849	27,679	31,216	41,288	47,189	51,866	49,006	56,302	51,118	42,526	40,392	36,764	53,799	49,756	43,211	24,219	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of investments
25,950	22,045	23,790	36,900	50,700	88,082	89,987	93,332	100,382	103,320	110,420	102,220	93,795	73,535	69,480	73,566	64,361	70,597	66,052	68,066	63,546	31,400	21,600	3,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of strategic investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	315	0	0	0
Acquisition of businesses, net of cash acquired
59,129	58,853	61,741	3,000	5,625	5,625	2,625	2,625	0	0	0	0	-	-	-	-	23,246	23,434	23,434	23,434	0	0	0	0	-	-	-	-	-	-	-	-	713	713	713	2,711	998	0	0	0
Net cash used in investing activities
-106,294	-78,628	-48,785	20,223	10,872	6,601	-1,251	-11,805	-7,272	-10,754	-12,380	-3,254	-22,194	-21,300	-29,256	-19,935	-36,295	-26,085	-21,951	-32,340	-12,261	-140,142	-148,000	-144,541	-136,467	-18,768	-3,056	-5,614	-5,868	-5,774	-5,791	-3,133	-2,985	-2,618	-4,896	-4,322	-5,364	0	0	0
Cash flows from financing activities:
Finance lease payments
315	490	651	802	949	995	988	1,005	1,079	1,069	957	843	674	585	579	574	446	355	268	157	149	174	156	126	85	39	37	48	86	75	87	309	275	283	267	56	38	0	0	0
Tax-related withholding of common stock
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	300	300	250	400	200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock, including for withholding taxes
-	-	-	-	-	-	-	-	22,440	22,312	16,003	3,428	3,003	2,853	2,362	12,257	11,653	29,276	29,424	19,348	19,371	1,892	312	417	489	454	529	465	419	1,797	1,659	1,586	2,550	4,674	6,000	8,820	7,662	0	0	0
Proceeds from issuance of common stock under employee stock plans
14,330	11,865	11,616	12,715	12,202	11,298	11,161	7,516	7,229	5,696	5,275	4,768	5,087	4,673	5,351	5,530	4,827	4,637	4,832	4,621	4,455	4,874	4,652	4,041	5,167	3,674	3,417	3,667	2,458	3,789	3,557	2,815	2,995	1,468	2,610	2,527	2,274	0	0	0
Net cash provided by (used in) financing activities
72,095	316,110	251,707	250,104	249,238	2,369	-6,608	-15,254	-16,440	-17,349	-11,449	883	1,596	1,159	2,384	-7,477	-7,248	-25,043	-24,859	-14,733	-14,914	2,942	130,076	129,390	130,485	128,945	2,857	3,160	1,959	1,533	1,367	476	-274	-3,987	-3,316	-5,472	-4,807	0	0	0
Effect of exchange rate changes on cash
-168	935	370	307	-362	-304	-251	-106	444	779	77	-45	-426	-671	295	137	442	-453	-168	48	-114	565	91	-25	-81	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
-128,272	167,386	148,459	234,468	244,880	4,656	-1,793	-10,518	-1,227	-1,688	2,476	25,709	7,454	9,591	3,299	-1,832	-19,534	-28,732	-27,253	-25,775	-6,049	-119,516	-3,297	-842	8,854	127,557	21,237	19,641	27,879	24,553	20,908	19,340	5,952	1,418	-675	-1,158	-1,582	0	0	0
Supplemental and non-cash disclosures:
Interest paid
-	-	-	-	-	-	-	-	36	28	20	16	16	30	39	45	44	10	6	10	5	26	19	5	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
934	785	467	447	356	111	114	96	38	327	348	442	460	354	432	480	445	419	365	126	159	129	244	356	427	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of net assets in purchase of strategic investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41	0	0	0
Non-cash investing and financing activities
Issuance of common stock in connection with acquisitions of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,358	31,358	29,125	750	600	0	0	0
Acquisition of property and equipment, net in connection with acquisitions of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	364	372	372	17	80	0	0	0
Equipment acquired under capital leases
-	-	-	-	-	-	-	-	765	1,094	1,094	1,917	1,152	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-