Ehealth, inc. (EHTH)
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'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities:
Net income (loss)

75,498

66,887

4,135

6,187

-73

241

2,197

8,993

19,501

25,426

-14,120

-17,680

-16,650

304

8,483

17,854

24,080

3,964

-11,896

-14,007

-16,734

-16,205

1,036

-314

-2,191

1,723

6,128

6,159

7,318

7,082

6,895

6,441

6,868

6,724

0

0

0

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

3,151

2,983

2,762

2,617

2,515

2,479

2,495

2,574

2,694

2,837

3,002

3,118

3,296

3,539

3,775

3,974

4,095

4,148

4,203

4,239

4,251

4,192

4,087

3,937

3,623

3,266

2,961

2,687

2,477

2,411

2,299

2,206

2,265

2,358

0

0

0

Amortization of internally developed software

4,582

3,800

3,060

2,702

2,442

2,200

2,028

1,860

1,686

1,500

1,296

1,116

977

900

837

744

683

627

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of book-of-business consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,641

-

2,087

2,184

2,386

1,998

2,234

2,404

2,624

3,147

3,556

3,854

3,708

2,724

0

0

0

-

-

-

-

Amortization of intangible assets

2,187

2,187

2,187

2,187

2,187

2,091

1,805

1,518

1,231

1,040

1,040

1,040

1,040

1,040

1,040

1,040

1,068

1,153

1,360

1,454

1,520

1,529

1,415

1,415

1,414

1,414

1,415

1,415

1,522

1,615

2,026

2,099

2,066

2,046

0

0

0

Stock-based compensation expense

28,055

22,570

16,482

14,515

12,968

12,540

12,221

10,924

10,362

9,694

8,858

7,959

7,567

7,266

6,924

7,153

6,803

7,002

4,726

5,440

5,463

5,877

9,026

8,681

8,613

7,802

6,657

6,051

5,631

5,622

5,800

6,285

6,860

7,096

0

0

0

Deferred income taxes

17,599

16,197

-2,675

-241

1,005

2,812

-17,683

-24,692

-28,734

-30,341

0

0

0

-

-

-

-

-

-

-

10,771

9,163

3,932

46

-89

-1,368

-2,895

-2,236

-1,632

1,071

-2,767

-2,892

-1,047

914

0

0

0

Change in fair value of earnout liability

10,773

24,079

21,106

30,300

25,606

12,300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash items

-662

755

-950

-837

908

-675

-50

-13

-347

101

143

142

171

143

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Deferred rent and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

79

134

932

927

1,042

1,020

189

176

79

38

34

35

0

0

0

Loss on disposal of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Increase (Decrease) in Operating Capital [Abstract]
Accounts receivable

-2,713

-1,270

-1,458

213

2,713

2,127

-1,350

284

-493

-473

2,013

-7,233

-12,328

-1,563

-1,602

3,379

4,628

1,050

2,940

3,292

6,214

3,614

-721

1,529

1,022

118

3,343

1,673

1,124

-3,587

-484

-1,200

279

-3,383

0

0

0

Contract assets – commissions receivable

-234,139

-243,364

-92,001

-74,019

-55,728

-50,967

-15,068

-14,290

-18,191

-21,640

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

1,736

466

905

1,344

-3,136

-232

7,138

2,965

3,833

1,933

2,254

6

226

486

-911

-672

-1,738

-997

786

-6

-1,569

1,033

2,802

2,363

6,321

2,257

1,293

1,131

-318

1,097

763

898

-615

-1,769

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accounts payable

4,183

19,694

13,056

2,763

1,213

1,414

1,199

-270

984

-1,866

1,131

59

75

2,227

487

316

-556

-2,949

-699

-2,087

-104

1,581

-1,459

-428

-2,120

-1,742

-343

835

1,295

3,732

1,886

577

274

-1,948

0

0

0

Accrued compensation and benefits

7,100

8,814

4,590

3,233

2,655

5,133

2,538

1,779

689

4,578

1,849

1,622

-654

-3,466

-2,213

134

329

6,180

3,108

1,126

-683

-2,084

-2,633

-495

2,255

2,026

1,927

1,378

1,154

336

821

-530

114

363

0

0

0

Accrued marketing expenses

846

1,028

1,028

929

1,064

6,320

251

-2,545

-1,174

-3,365

-115

2,345

-256

-3,906

234

-161

1,289

1,865

-1,168

-430

-9,857

480

-1,282

-1,226

7,358

4,285

-118

210

385

-2,254

-472

-258

-85

2,551

0

0

0

Deferred revenue

-1,090

1,694

3,344

-3

3,677

491

0

0

0

-

-

-

-

587

-2,396

-223

-678

-770

1,087

-972

-913

-1,143

-2,489

-605

65

885

4,383

1,778

142

979

-449

-254

-312

-2,471

0

0

0

Accrued restructuring charges

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

433

489

569

1,771

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

4,261

1,869

-412

-1,312

788

935

-143

1,642

451

-1,341

-2,289

-4,993

-10,402

-1,565

-2,668

-1,821

3,396

-1,611

135

2,260

1,977

401

-159

-118

934

957

-64

-2,084

-2,123

-1,093

694

1,876

414

-1,122

0

0

0

Net cash provided by operating activities

-75,334

-71,492

-23,432

-12,441

-1,218

-3,230

-4,640

-12,565

-13,232

-15,541

-10,113

4,287

7,814

4,083

10,007

19,405

29,565

13,696

8,392

8,428

-3,983

1,779

12,031

9,748

16,075

20,947

20,013

18,263

19,260

24,891

22,190

20,675

20,859

22,541

0

0

0

Investing activities:
Capitalized internal-use software and website development costs

12,308

10,231

8,306

6,964

6,792

6,294

10,059

7,638

5,001

3,210

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment and other assets

7,640

6,641

6,679

7,198

5,826

4,534

3,856

1,885

1,223

1,868

207

676

2,340

1,889

2,709

2,765

1,906

1,879

2,604

2,696

2,873

3,604

3,926

5,845

6,902

7,326

7,460

5,528

5,189

3,853

3,603

3,314

2,105

2,407

0

0

0

Purchases of marketable securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of business, net of cash acquired

-

-

-

-

-

14,929

14,929

14,929

14,929

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consideration paid in connection with book-of-business transfers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,243

0

0

0

-

-

-

-

Purchase of intangible asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Books of business transfers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash used in investing activities

-78,084

-16,944

-15,057

-15,058

-12,618

-25,757

-23,834

-21,122

-19,549

-5,078

-4,549

-4,178

-4,979

-3,726

-3,826

-3,882

-3,023

-2,996

-2,604

-2,696

-2,873

-8,104

-8,426

-10,345

-11,402

-7,326

-7,460

-5,528

-7,059

-10,096

-10,130

-9,978

-9,903

-6,597

0

0

0

Financing activities:
Proceeds from issuance of common stock, net of issuance costs

228,024

126,051

126,051

126,051

126,051

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from exercise of common stock options

4,259

5,535

5,826

5,275

4,946

2,688

2,888

1,656

1,146

1,037

0

0

0

-

-

-

-

-

-

-

-

4,112

8,469

9,912

10,277

9,217

9,081

8,624

8,674

8,445

4,729

3,197

1,867

899

0

0

0

Repurchase of shares to satisfy employee tax withholding obligations

-17,376

-14,281

-12,617

-6,214

-5,498

-4,504

-4,099

-3,148

-1,788

-1,802

-1,305

-700

-1,272

-1,248

-2,790

-2,602

-1,678

-922

-6,198

-6,135

-6,340

-3,516

3,503

3,254

3,181

-943

-943

-850

-834

-994

-995

-994

-990

-552

0

0

0

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

147

1,814

3,120

3,146

3,383

6,325

7,205

7,372

4,466

4,314

3,324

4,152

4,690

0

0

0

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59,007

60,000

60,000

30,000

9,434

15,763

30,000

30,000

25,355

0

0

0

Repayment of debt

0

5,000

5,000

5,000

5,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition-related contingent payments

8,751

9,542

9,542

9,542

9,542

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments in connection with leases

138

105

106

101

102

103

103

95

99

105

99

102

95

83

0

0

0

-

-

74

80

74

69

67

53

53

53

51

50

43

48

51

55

63

0

0

0

Net cash provided by financing activities

205,501

102,141

109,563

114,248

114,634

1,860

-2,486

-1,587

-741

-870

-1,223

-751

-1,305

-1,269

-916

-623

780

577

-1,873

-24,314

-52,016

-49,331

-43,295

-18,747

-20,057

-47,403

-45,590

-45,072

-14,838

2,440

-7,763

-24,524

-25,026

-20,381

0

0

0

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

-38

26

2

-33

-65

-77

-69

-32

36

1

-6

8

9

-17

-13

2

2

18

21

12

9

16

19

13

2

-12

0

0

0

-

-

-

-23

-30

0

0

0

Net increase in cash, cash equivalents and restricted cash

52,045

13,731

71,076

86,716

100,733

-27,204

-31,029

-35,306

-33,486

-21,488

-15,891

-634

1,539

-929

5,252

14,902

27,324

11,295

3,936

-18,570

-58,863

-55,640

-39,671

-19,331

-15,382

-33,794

-33,049

-32,342

-2,631

17,242

4,299

-13,838

-14,093

-4,467

0

0

0