BOTTOMLINE TECHNOLOGIES INC /DE/ EPAY Cash Flow

Bottomline technologies inc /de/ (EPAY)

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	Mar'10	Dec'09	Sep'09
Operating activities:
Net Income (Loss) Attributable to Parent
-2,669	5,623	8,983	9,432	17,358	15,532	12,651	9,328	-7,814	-13,436	-26,870	-33,137	-33,404	-31,010	-25,903	-19,648	-35,342	-38,942	-35,665	-34,680	-14,541	-11,021	-16,324	-19,104	-21,437	-20,686	-20,461	-14,395	-11,749	-9,522	-18	1,705	32,931	35,358	34,959	35,893	6,963	6,818	5,457	3,954	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Amortization of acquisition-related intangible assets
20,811	20,920	20,960	21,336	21,177	21,765	22,214	22,076	22,573	22,761	23,149	24,246	25,639	26,859	27,984	28,978	29,917	30,693	30,478	30,383	29,765	26,547	27,721	26,242	23,537	23,915	20,942	19,549	19,377	17,949	16,181	15,753	15,141	14,192	13,664	12,662	11,837	12,334	12,790	13,214	0	0	0
Share-based Payment Arrangement, Expense
41,092	41,818	40,402	41,700	40,974	39,551	38,082	34,200	32,823	31,585	32,161	31,900	31,394	31,668	30,890	30,279	30,556	30,062	28,282	27,025	25,592	24,683	24,120	22,821	21,291	19,657	18,856	18,031	17,043	16,171	14,810	13,768	12,958	12,583	12,062	11,467	11,053	10,070	9,618	8,956	0	0	0
Depreciation, Depletion and Amortization
25,951	24,372	23,363	22,911	22,123	21,642	20,966	19,994	21,241	20,830	20,109	19,528	16,625	15,405	14,499	13,489	12,565	11,815	11,075	10,507	10,033	9,329	8,927	8,250	7,616	7,358	6,980	6,861	6,703	6,380	6,063	5,724	5,575	5,407	5,266	5,140	4,980	4,919	4,856	4,565	0	0	0
Gain on sale of cost-method investment
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax benefit
2,866	-4,589	-3,721	-5,147	-12,291	-10,897	-11,117	-9,465	-7,080	-7,541	-7,590	-7,996	-6,150	-6,495	-2,837	-3,111	12,529	12,737	12,592	12,173	-8,223	-7,316	-6,478	-5,781	-3,850	-6,004	-8,168	-8,729	-8,266	-4,129	-1,560	-724	-26,010	-27,596	-27,600	-28,146	-532	-364	-301	652	0	0	0
Provision for allowances on accounts receivable
257	197	243	220	288	322	213	238	0	0	0	-	-	-	-	415	405	370	330	248	224	199	246	214	219	242	272	300	342	342	264	239	0	0	0	-	-	-	-	-105	0	0	0
Provision for allowances for obsolescence of inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	2	36	38	36	35	0	0	0
Excess tax benefits associated with stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	215	139	109	133	-4	175	495	560	730	301	133	99	894	501	1,385	2,434	1,724	2,582	1,818	718	624	719	306	267	0	0	0
Amortization of debt issuance costs
413	413	413	414	420	425	626	928	1,223	1,519	1,536	1,426	1,318	1,210	1,184	1,184	1,184	1,184	1,184	1,184	1,184	1,184	1,184	1,184	1,184	1,185	950	654	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount
-	-	-	-	-	-	-	5,574	8,819	12,007	12,868	12,641	12,419	12,200	11,985	11,774	11,566	11,362	11,161	10,965	10,771	10,582	10,396	10,213	10,034	9,856	7,812	5,326	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discount on investments
81	107	128	137	138	132	101	62	-22	-85	-331	-238	-748	-629	-315	-338	301	313	345	388	399	399	385	366	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of equipment
-131	-105	-66	-623	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-54	-5	-66	-86	-87	0	0	0	-	-	-	-	-26	-32	-28	-27	-4	0	0	0
Write down of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on foreign exchange
-591	-437	-630	-497	-464	-246	2	106	283	214	96	310	93	67	151	-171	273	-41	-117	2	-350	-153	-81	-35	-73	34	26	-21	-29	-19	73	-38	-5	36	-123	35	54	32	57	-74	0	0	0
Changes in operating assets and liabilities:
Accounts receivable
2,845	3,312	-1,483	4,303	-9,835	-11,478	8,172	9,675	23,980	17,292	7,549	2,447	3,663	-858	-4,905	543	-2,206	965	3,814	310	419	4,768	1,699	5,690	3,670	-4,017	-3,328	-2,195	-125	-62	4,487	4,024	7,317	6,084	7,312	9,735	8,272	13,623	2,559	3,826	0	0	0
Inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	48	-12	-47	27	-91	128	25	-17	0	0	0
Prepaid expenses and other current assets
326	956	4,997	3,760	4,882	1,916	1,158	1,023	-1,036	799	1,510	666	2,631	3,752	3,364	2,449	1,723	2,523	1,977	-180	924	-353	-593	1,853	1,296	79	-253	-471	-2,003	-748	-877	-1,259	451	1,933	-918	-714	-2,018	-3,442	1,517	1,659	0	0	0
Operating lease right-of-use asset, net
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
3,497	3,060	3,242	3,120	1,368	2,791	1,708	222	146	-1,316	-1,314	-910	-677	1,818	3,162	4,412	4,556	2,130	918	-222	350	581	539	898	-473	-907	-466	-930	618	2,583	2,337	2,305	873	-3,500	-767	-1,474	-1,747	601	-1,757	-2,254	0	0	0
Accounts payable
1,722	2,687	1,548	580	1,692	705	-964	157	-334	-836	1,440	-900	-1,528	-14	-1,063	-682	-1,927	-726	165	-3,193	1,118	-753	-3,190	1,535	-439	-1,680	977	-93	538	1,584	529	-52	-772	872	1,334	1,945	1,465	-168	-305	162	0	0	0
Accrued expenses
1,331	5,551	2,536	279	-341	1,130	3,978	4,056	5,487	2,350	1,220	4,587	4,743	2,063	3,478	1,835	-1,143	447	-3,758	-1,333	-4,842	-2,158	993	-2,253	211	-1,919	-2,102	-2,290	3,735	2,800	4,269	3,587	-2,123	-2,883	-5,361	-2,119	938	1,600	2,145	466	0	0	0
Operating lease liabilities
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer account liabilities
2,535	2,747	4,136	3,023	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
3,431	763	-1,194	1,689	4,634	1,804	6,886	2,852	2,170	1,049	-530	2,337	6,982	2,352	5,733	10,361	7,819	9,138	8,432	7,561	9,775	10,425	10,058	14,915	16,948	3,602	4,480	7,541	5,617	5,015	6,394	2,459	4,330	226	2,686	2,183	-1,748	-1,151	-3,045	-2,069	0	0	0
Other liabilities
888	354	141	-356	-1,293	-49	-906	-468	-10	-450	657	953	173	58	189	-598	784	794	796	1,511	2,595	2,592	2,537	2,531	1,238	1,168	1,078	781	555	700	504	422	114	-288	-334	-313	159	-495	30	87	0	0	0
Net cash provided by operating activities
85,391	87,116	84,407	78,277	98,242	98,899	76,978	70,750	50,668	48,606	58,301	61,084	60,695	57,723	65,033	67,422	64,672	63,547	58,737	62,700	62,564	59,728	58,569	52,221	51,580	40,929	40,078	41,576	42,428	40,651	40,066	35,415	31,941	30,915	29,543	30,501	30,269	25,803	28,209	26,514	0	0	0
Investing activities:
Acquisition of businesses and assets, net of cash and restricted cash acquired
2,587	15,141	15,141	24,036	21,449	8,895	14,090	5,741	0	0	0	-	-	-	-	-	-	-	-	68,017	110,185	47,568	45,258	153,491	108,323	110,539	110,988	30,323	0	0	0	-	-	-	-	-	-	-	-	18,067	0	0	0
Purchases of other investments
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of held-to-maturity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	168	125	125	85	96	99	99	78	78	55	55	55	62	62	62	62	63	63	63	63	54	54	54	54	50	0	0	0
Proceeds from sales of held-to-maturity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	168	125	125	85	96	76	76	55	55	55	55	55	62	62	62	62	63	63	63	63	54	54	54	54	50	0	0	0
Proceeds from sale of cost-method investment
8,774	8,774	8,774	9,011	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of available-for-sale securities
-	0	0	-	-	0	0	-	-	-	-	14,058	21,289	29,446	30,902	28,113	25,066	14,600	15,693	15,185	16,781	20,222	19,106	28,453	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of available-for-sale securities
11,700	9,300	12,000	11,000	13,500	13,500	7,000	6,203	17,515	20,711	35,429	46,986	37,174	37,278	25,506	15,836	15,286	14,236	16,185	15,347	14,917	19,709	16,325	13,873	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Productive Assets
26,874	42,455	36,154	33,083	52,236	29,267	26,039	21,376	22,742	21,965	21,979	28,173	27,237	30,271	31,796	27,717	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	11,549	10,370	11,670	10,106	11,316	10,412	8,448	9,128	7,559	6,714	6,431	4,692	3,906	3,753	3,890	4,368	0	0	0
Proceeds from disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of warrants, net of issue costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-42,327	-71,458	-63,327	-66,218	-67,173	-31,651	-45,320	-30,677	-21,351	-22,145	6,425	4,755	-11,851	-23,438	-42,957	-45,759	-43,490	-94,478	-90,070	-91,152	-131,231	-65,758	-63,180	-180,633	-145,420	-147,645	-148,180	-52,850	-44,583	-64,703	-64,076	-36,503	-80,078	-63,410	-66,149	-64,410	-18,730	-10,782	-4,957	-22,435	0	0	0
Financing activities:
Repurchase of common stock
19,145	14,332	10,005	0	0	0	0	-	-	-	-	39,913	34,995	34,995	26,381	43,962	0	0	0	-	-	-	-	-	-	-	-	934	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of amounts borrowed under revolving credit facility
-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of notes payable
549	918	735	736	739	560	745	2,581	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of warrants
0	0	0	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs related to credit facility
0	0	0	597	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of common stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,864	0	0	0	-	-	0	0
Proceeds from exercise of stock options and employee stock purchase plan
4,201	4,359	4,380	3,924	4,008	3,544	3,691	3,509	3,558	3,268	3,158	2,975	3,040	3,248	3,445	3,527	3,656	4,211	4,219	4,091	3,935	3,821	4,816	5,105	5,499	5,604	5,630	5,657	5,490	6,913	6,823	6,709	9,147	9,406	15,073	14,600	12,722	11,642	12,499	13,304	0	0	0
Excess tax benefits associated with stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	215	139	109	133	-4	175	495	560	730	301	133	99	894	501	1,385	2,434	1,724	2,582	1,818	718	624	459	290	267	0	0	0
Capital lease payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	95	107	119	135	153	183	177	167	149	110	110	109	110	0	0	0
Payment of bank financing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	8	8	9	18	0	0	0
Net cash provided by (used in) financing activities
54,507	-20,891	-6,360	-37,413	-37,334	-37,619	-77,407	-38,824	-63,528	-63,654	-37,164	-39,101	-34,252	-33,960	-22,963	-40,435	-22,496	-24,352	-32,067	-10,817	-8,681	-6,281	5,311	5,665	6,206	5,754	172,949	171,981	170,094	171,218	4,637	14,939	19,140	20,263	25,175	20,030	75,527	74,282	74,948	70,855	0	0	0
Effect of exchange rate changes on cash
-	-	-2,482	-	-	-	-2,932	-1,205	5,429	5,113	1,995	657	-6,235	-6,732	-4,544	-5,217	344	-2,196	-4,041	-7,241	-8,593	-6,119	-2,710	6,868	6,005	2,061	1,668	-1,956	-2,238	2,331	1,638	-1,003	-110	-372	-75	3,074	2,084	-313	-132	-2,431	0	0	0
Increase (decrease) in cash, cash equivalents and restricted cash
95,873	-3,729	12,238	-26,812	-11,228	25,489	-48,681	44	-28,782	-32,080	29,557	27,395	8,357	-6,407	-5,431	-23,989	-970	-57,479	-67,441	-46,510	-85,941	-18,430	-2,010	-115,879	-81,629	-98,901	66,515	158,751	165,701	149,497	-17,735	12,848	-29,107	-12,604	-11,506	-10,805	89,150	88,990	98,068	72,503	0	0	0
Supplemental disclosures of non-cash financing activities:
Issuance of common stock upon settlement of the warrants
0	0	2,655	58,451	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of note payable to seller in connection with acquisition
-	-	-	-	-	-	-	1,836	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of warrants in connection with acquisition of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,520	0	0	0