Everbridge, inc. (EVBG)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Cash flows from operating activities:
Net loss

-25,385

-13,132

-12,921

-12,063

-14,134

-9,805

-8,450

-16,918

-12,342

-5,764

-4,231

-3,437

-6,202

-2,628

-2,629

-2,804

-3,225

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

6,656

6,479

5,492

3,995

3,705

3,521

3,844

3,690

2,638

2,561

2,418

2,295

2,933

2,067

1,974

1,908

1,793

Amortization of deferred costs

2,922

2,496

1,879

2,009

1,598

1,544

1,415

1,280

1,233

1,807

1,332

1,387

1,421

-

-

-

-

Loss on disposal of assets

-

-

-

-

-

-

-

0

-84

-

-

-

-

-

-

-

-

Deferred income taxes

-1,246

-

-

42

41

-

-

67

34

-

-

-

-

-

-

-

-

Accretion of interest on convertible senior notes

5,436

2,044

1,243

1,223

1,201

1,181

1,161

1,140

1,134

-

-

-

-

-

-

-

-

Provision for credit losses and sales reserve

925

-

-

-

148

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts and sales return reserve

-

-

-

-

-

94

134

216

-192

49

219

289

80

292

8

0

87

Stock-based compensation

10,310

9,395

8,301

8,008

7,785

5,582

3,495

9,926

6,586

4,380

2,794

1,089

955

929

749

721

657

Non-cash interest expense on line of credit and term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

0

57

5

5

Non-cash investment income

-

-

-

-

-

-

-

69

159

-

-

-

-

-

-

-

-

Other non-cash adjustments

-

-

-

-

189

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-445

17,153

7,018

6,930

-5,543

4,147

4,103

3,968

-9,595

9,476

618

7,250

-4,277

1,904

-1,210

3,018

-1,417

Prepaid expenses

3,057

-1,663

1,683

-772

4,233

-487

428

360

1,651

-1,001

508

-27

1,071

-840

432

-59

815

Deferred costs

4,720

6,855

4,040

2,171

2,227

1,294

2,793

1,975

2,223

305

-2,643

1,443

984

-

-

-

-

Other assets

4,069

-834

-841

2,070

-2,153

2,430

579

-1,013

2,018

1,307

4,984

253

99

-1,912

529

12

1,202

Accounts payable

-1,072

-2,006

3,649

-443

4,112

-1,150

-206

-609

702

-910

1,250

-426

-4

-674

317

-655

589

Accrued payroll and employee related liabilities

3,221

2,574

4,838

-4,069

1,205

2,577

1,804

-4,097

4,402

1,333

1,763

-388

888

-246

1,295

-1,001

1,264

Accrued expenses

1,732

-1,012

423

346

-1,065

919

-1,187

-818

1,384

-78

-347

199

94

234

678

-375

2

Deferred revenue

5,118

17,331

10,850

-1,244

2,767

5,927

6,176

3,133

-2,072

8,577

4,933

3,684

-816

3,377

5,552

2,227

826

Other liabilities

3,585

-1,985

121

234

277

1,231

445

-361

373

-618

104

376

-13

-52

-24

8

-2

Net cash provided by operating activities

801

1,463

12,343

-12,176

8,687

4,071

676

-8,960

7,508

484

6,738

-3,818

1,459

2,968

8,226

-3,087

1,396

Cash flows from investing activities:
Capital expenditures

524

852

542

1,102

2,773

866

441

161

253

330

832

282

223

231

393

143

203

Payments for acquisition of business, net of acquired cash

34,941

-

-

-

-

-

-

-

-

0

-294

294

21,235

-

-

-

-

Additions to capitalized software development costs

2,004

1,952

1,918

1,931

2,018

1,777

2,684

2,039

1,999

1,574

1,542

1,557

1,487

1,200

1,254

1,428

1,612

Purchase of cost investment

-

-

-

-

-

-

-

-

308

-

-

-

-

-

-

-

-

Purchase of short-term investments

-

0

0

0

1,975

29,495

26,777

0

30,932

-

-

-

-

-

-

-

-

Maturities of short-term investments

-

0

3,500

19,515

24,750

11,000

3,424

45,145

25,500

-

-

-

-

-

-

-

-

Purchase of intangibles

-

-

-

-

-

17

16

32

136

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-37,469

-2,804

-50,615

10,861

17,984

-21,155

-26,494

7,364

-8,128

-20,653

-13,209

-14,165

-22,945

-3,987

-1,647

-1,571

-1,815

Cash flows from financing activities:
Principal payments on capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

26

32

Payments of public offering costs

-

-

-

-

-

-

-

-

-

-

143

431

298

588

271

2

1,099

Payment on note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,018

Proceeds from public offering, net of costs

-

0

0

-5

139,115

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,500

7,000

Payments on line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

0

10,500

2,000

7,000

Payments of debt issuance costs

-

-

-

-

-

-

-

0

84

-

-

-

-

-

-

-

-

Restricted stock units withheld to settle employee tax withholding liability

-

-

-

-

-

4

4,149

2,750

1,022

-

-

-

-

-

-

-

-

Proceeds from employee stock purchase plan

1,710

0

1,054

0

1,283

65

877

0

881

0

686

0

854

-

-

-

-

Proceeds from stock option exercises

3,000

1,578

2,335

4,787

8,700

1,379

2,986

4,369

1,466

813

972

1,103

12

2

563

127

58

Other

-531

-

-

-

-506

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

4,168

341,911

-693

4,245

148,638

1,076

-406

1,188

1,241

99,066

-2,275

11,116

568

-586

54,548

599

-3,091

Effect of exchange rates on cash, cash equivalents and restricted cash

-666

-23

-175

-24

-28

-218

-81

-626

-39

229

-162

21

-168

74

121

12

27

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

-33,166

340,547

-39,140

2,906

175,281

-16,226

-26,305

-1,034

582

79,126

-8,908

-6,846

-21,086

-1,531

61,248

-4,047

-3,483

Supplemental disclosures of cash flow information:
Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

7

173

165

150

Taxes, net of refunds received

184

-

-

-

-

70

2

39

2

3

22

6

-3

-

-

-

-

Supplemental disclosure of non-cash activities:
Capitalized assets included in accounts payable and accrued expenses

226

14

-95

-472

689

1,331

193

47

38

49

-1,311

1,140

195

-28

25

20

87

Capitalized development costs included in accounts payable and accrued expenses

13

64

-7

-2

16

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs included in accounts payable and other assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

127

Deferred offering costs in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-322

465

-

-

-

-

Common stock issued in connection with acquisitions

30,434

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration in connection with acquisitions

2,530

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase accounting payable, net

464

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation capitalized for software development

58

80

82

274

64

-14

46

96

108

47

9

12

13

7

10

14

14