BOTTOMLINE TECHNOLOGIES INC /DE/ EPAY Cash Flow

Bottomline technologies inc /de/ (EPAY)

CashFlow / Quarterly

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	Mar'10	Dec'09	Sep'09
Operating activities:
Net Income (Loss) Attributable to Parent
-7,468	2,609	-1,367	3,557	824	5,969	-918	11,483	-1,002	3,088	-4,241	-5,659	-6,624	-10,346	-10,508	-5,926	-4,230	-5,239	-4,253	-21,620	-7,830	-1,962	-3,268	-1,481	-4,310	-7,265	-6,048	-3,814	-3,559	-7,040	18	-1,168	-1,332	2,464	1,741	30,058	1,095	2,065	2,675	1,128	950	704	1,172
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Amortization of acquisition-related intangible assets
5,121	5,213	4,950	5,527	5,230	5,253	5,326	5,368	5,818	5,702	5,188	5,865	6,006	6,090	6,285	7,258	7,226	7,215	7,279	8,197	8,002	7,000	7,184	7,579	4,784	8,174	5,705	4,874	5,162	5,201	4,312	4,702	3,734	3,433	3,884	4,090	2,785	2,905	2,882	3,265	3,282	3,361	3,306
Share-based Payment Arrangement, Expense
9,289	10,965	11,044	9,794	10,015	9,549	12,342	9,068	8,592	8,080	8,460	7,691	7,354	8,656	8,199	7,185	7,628	7,878	7,588	7,462	7,134	6,098	6,331	6,029	6,225	5,535	5,032	4,499	4,591	4,734	4,207	3,511	3,719	3,373	3,165	2,701	3,344	2,852	2,570	2,287	2,361	2,400	1,908
Depreciation, Depletion and Amortization
7,155	6,560	6,092	6,144	5,576	5,551	5,640	5,356	5,095	4,875	4,668	6,603	4,684	4,154	4,087	3,700	3,464	3,248	3,077	2,776	2,714	2,508	2,509	2,302	2,010	2,106	1,832	1,668	1,752	1,728	1,713	1,510	1,429	1,411	1,374	1,361	1,261	1,270	1,248	1,201	1,200	1,207	957
Gain on sale of cost-method investment
0	0	0	-	0	0	237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax benefit
5,348	-5,251	-368	3,137	-2,107	-4,383	-1,794	-4,007	-713	-4,603	-142	-1,622	-1,174	-4,652	-548	224	-1,519	-994	-822	15,864	-1,311	-1,139	-1,241	-4,532	-404	-301	-544	-2,601	-2,558	-2,465	-1,105	-2,138	1,579	104	-269	-27,424	-7	100	-815	190	161	163	138
Provision for allowances on accounts receivable
68	69	67	53	8	115	44	121	42	6	69	-	-	-	-	73	110	71	161	63	75	31	79	39	50	78	47	44	73	108	75	86	73	30	50	-	-	-	-	-6	0	0	-99
Provision for allowances for obsolescence of inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	63	-1	-	-	-	-	-1	-1	3	1	33	1	1	0
Excess tax benefits associated with stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	49	27	81	-18	19	51	-56	161	339	116	114	-268	171	82	909	-661	1,055	1,131	199	197	291	31	105	292	-122	-8
Amortization of debt issuance costs
103	104	103	103	103	104	104	109	108	305	406	404	404	322	296	296	296	296	296	296	296	296	296	296	296	296	296	296	297	61	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount
-	-	-	-	-	-	-	0	0	2,271	3,303	3,245	3,188	3,132	3,076	3,023	2,969	2,917	2,865	2,815	2,765	2,716	2,669	2,621	2,576	2,530	2,486	2,442	2,398	486	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discount on investments
7	17	28	29	33	38	37	30	27	7	-2	-54	-36	-239	91	-564	83	75	68	75	95	107	111	86	95	93	92	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of equipment
-28	-41	-35	-27	-2	-2	-592	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-49	-1	-3	-1	0	-62	-23	-2	-	-	-	-	-2	0	-1	-23	-8	4	0	0
Write down of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on foreign exchange
-238	-7	-259	-87	-84	-200	-126	-54	134	48	-22	123	65	-70	192	-94	39	14	-130	350	-275	-62	-11	-2	-78	10	35	-40	29	2	-12	-48	39	94	-123	-15	80	-65	35	4	58	-40	-96
Changes in operating assets and liabilities:
Accounts receivable
11,880	1,207	-11,025	783	12,347	-3,588	-5,239	-13,355	10,704	16,062	-3,736	950	4,016	6,319	-8,838	2,166	-505	2,272	-3,390	-583	2,666	5,121	-6,894	-474	7,015	2,052	-2,903	-2,494	-672	2,741	-1,770	-424	-609	7,290	-2,233	2,869	-1,842	8,518	190	1,406	3,509	-2,546	1,457
Inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-63	58	-40	-	-65	89	-6	30	-125	54	68	-88	94	-49	26
Prepaid expenses and other current assets
1,301	-4,090	3,268	-153	1,931	-49	2,031	969	-1,035	-807	1,896	-1,090	800	-96	1,052	875	1,921	-484	137	149	2,721	-1,030	-2,020	1,253	1,444	-1,270	426	696	227	-1,602	208	-836	1,482	-1,731	-174	874	2,964	-4,582	30	-430	1,540	377	172
Operating lease right-of-use asset, net
-148	-1,159	-975	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
277	506	1,077	1,637	-160	688	955	-115	1,263	-395	-531	-191	-199	-393	-127	42	2,296	951	1,123	186	-130	-261	-17	758	101	-303	342	-613	-333	138	-122	935	1,632	-108	-154	-497	-2,741	2,625	-861	-770	-393	267	-1,358
Accounts payable
117	1,296	1,214	-905	1,082	157	246	207	95	-1,512	1,367	-284	-407	764	-973	-912	1,107	-285	-592	-2,157	2,308	606	-3,950	2,154	437	-1,831	775	180	-804	826	-295	811	242	-229	-876	91	1,886	233	-265	-389	253	96	202
Accrued expenses
-875	985	-571	1,792	3,345	-2,030	-2,828	1,172	4,816	818	-2,750	2,603	1,679	-312	617	2,759	-1,001	1,103	-1,026	-219	589	-3,102	1,399	-3,728	3,273	49	-1,847	-1,264	1,143	-134	-2,035	4,761	208	1,335	-2,717	-949	-552	-1,143	525	2,108	110	-598	-1,154
Operating lease liabilities
-511	-791	-823	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer account liabilities
-1,411	876	1,609	1,461	-1,199	2,265	496	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
23,994	-2,448	-11,969	-6,146	21,326	-4,405	-9,086	-3,201	18,496	677	-13,120	-3,883	17,375	-902	-10,253	762	12,745	2,479	-5,625	-1,780	14,064	1,773	-6,496	434	14,714	1,406	-1,639	2,467	1,368	2,284	1,422	543	766	3,663	-2,513	2,414	-3,338	6,123	-3,016	-1,517	-2,741	4,229	-2,040
Other liabilities
162	222	210	294	-372	9	-287	-643	872	-848	151	-185	432	259	447	-965	317	390	-340	417	327	392	375	1,501	324	337	369	208	254	247	72	-18	399	51	-10	-326	-3	5	11	146	-657	530	68
Net cash provided by operating activities
28,041	23,976	18,112	15,262	29,766	21,267	11,982	35,227	30,423	-654	5,754	15,145	28,361	9,041	8,537	14,756	25,389	16,351	10,926	12,006	24,264	11,541	14,889	11,870	21,428	10,382	8,541	11,229	10,777	9,531	10,039	12,081	9,000	8,946	5,388	8,607	7,974	7,574	6,346	8,375	3,508	9,980	4,651
Investing activities:
Acquisition of businesses and assets, net of cash and restricted cash acquired
0	0	0	2,587	12,554	0	8,895	0	0	5,195	546	-	-	-	-	-	-	-	-	0	63,822	3,510	685	42,168	1,205	1,200	108,918	-3,000	3,421	1,649	28,253	-	-	-	-	-	-	-	-	250	817	0	17,000
Purchases of other investments
0	57	87	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of held-to-maturity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63	0	61	44	20	0	21	55	23	0	0	55	0	0	0	62	0	0	0	63	0	0	0	54	0	0	0	50
Proceeds from sales of held-to-maturity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63	0	61	44	20	0	21	55	0	0	0	55	0	0	0	62	0	0	0	63	0	0	0	54	0	0	0	50
Proceeds from sale of cost-method investment
0	0	0	8,774	0	0	237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of available-for-sale securities
-	3,796	6,274	-	-	4,923	2,665	-	-	-	-	458	4,767	1,254	7,579	7,689	12,924	2,710	4,790	4,642	2,458	3,803	4,282	6,238	5,899	2,687	13,629	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of available-for-sale securities
2,400	3,800	3,700	1,800	0	6,500	2,700	4,300	0	0	1,903	15,612	3,196	14,718	13,460	5,800	3,300	2,946	3,790	5,250	2,250	4,895	2,952	4,820	7,042	1,511	500	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Productive Assets
13,116	14,951	11,449	-12,642	28,697	8,650	8,378	6,511	5,728	5,422	3,715	7,877	4,951	5,436	9,909	6,941	7,985	6,961	5,830	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,067	4,665	5,897	-	3,617	2,137	3,346	2,449	2,438	3,437	1,782	3,659	1,534	1,473	2,462	2,090	689	1,190	723	1,304	536	1,327	1,201
Proceeds from disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	55	8	28	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of warrants, net of issue costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,452	-	-	-	-	-	-	-	-
Net cash used in investing activities
-12,119	-15,004	-14,110	-1,094	-41,250	-6,873	-17,001	-2,049	-5,728	-20,542	-2,358	7,277	-6,522	8,028	-4,028	-9,329	-18,109	-11,491	-6,830	-7,060	-69,097	-7,083	-7,912	-47,139	-3,624	-4,505	-125,365	-11,926	-5,849	-5,040	-30,035	-3,659	-25,969	-4,413	-2,462	-47,234	-9,301	-7,152	-723	-1,554	-1,353	-1,327	-18,201
Financing activities:
Repurchase of common stock
4,813	4,327	10,005	0	0	0	0	-	-	-	-	24,942	0	11,198	3,773	20,024	0	2,584	21,354	-	-	-	-	-	-	-	-	1	0	0	933	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of amounts borrowed under revolving credit facility
-	-10,000	0	-	-	0	-40,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of notes payable
0	183	182	184	369	0	183	187	190	185	2,019	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of warrants
0	0	0	0	0	0	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs related to credit facility
0	0	0	0	0	0	597	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of common stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1	4,865	-	-	0	0
Proceeds from exercise of stock options and employee stock purchase plan
1,958	1	2,174	68	2,116	22	1,718	152	1,652	169	1,536	201	1,362	59	1,353	266	1,570	256	1,435	395	2,125	264	1,307	239	2,011	1,259	1,596	633	2,116	1,285	1,623	466	3,539	1,195	1,509	2,904	3,798	6,862	1,036	1,026	2,718	7,719	1,841
Excess tax benefits associated with stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	49	27	81	-18	19	51	-56	161	339	116	114	-268	171	82	909	-661	1,055	1,131	199	197	291	31	105	32	122	8
Capital lease payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	22	22	28	35	34	38	46	65	28	28	28	26	28	27	29
Payment of bank financing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3	5	0	1	12
Net cash provided by (used in) financing activities
77,145	-14,509	-8,013	-116	1,747	22	-39,066	-37	1,462	-39,766	-483	-24,741	1,336	-13,276	-2,420	-19,892	1,628	-2,279	-19,892	-1,953	-228	-9,994	1,358	183	2,172	1,598	1,712	724	1,720	168,793	744	-1,163	2,844	2,212	11,046	3,038	3,967	7,124	5,901	58,535	2,722	7,790	1,808
Effect of exchange rate changes on cash
-	-	-1,970	-	-	-	-946	-3,536	1,319	231	781	3,098	1,003	-2,887	-557	-3,794	506	-699	-1,230	1,767	-2,034	-2,544	-4,430	415	440	865	5,148	-448	-3,504	472	1,524	-730	1,065	-221	-1,117	163	803	76	2,032	-827	-1,594	257	-267
Increase (decrease) in cash, cash equivalents and restricted cash
90,361	-2,528	-5,981	14,021	-9,241	13,439	-45,031	29,605	27,476	-60,731	3,694	779	24,178	906	1,532	-18,259	9,414	1,882	-17,026	4,760	-47,095	-8,080	3,905	-34,671	20,416	8,340	-109,964	-421	3,144	173,756	-17,728	6,529	-13,060	6,524	12,855	-35,426	3,443	7,622	13,556	64,529	3,283	16,700	-12,009
Supplemental disclosures of non-cash financing activities:
Issuance of common stock upon settlement of the warrants
0	0	0	0	0	2,655	55,796	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of note payable to seller in connection with acquisition
-	-	-	-	-	-	-	0	0	0	1,836	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of warrants in connection with acquisition of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,520