Five9, inc. (FIVN)
CashFlow / Quarterly
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'13
Cash flows from operating activities:
Net loss

-7,437

836

-1,604

-1,860

-1,924

3,733

-1,305

-2,042

-607

-631

924

-4,007

-5,255

409

-3,890

-3,468

-4,911

-3,518

-6,048

-7,369

-8,903

-9,372

-11,435

-8,659

-8,320

-8,632

-7,735

-8,290

-6,657

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

4,970

4,324

3,497

3,361

3,192

2,838

2,667

2,449

2,320

2,068

1,881

2,270

2,095

2,088

2,139

2,060

2,103

1,863

1,840

1,910

1,775

1,605

1,567

1,699

1,592

1,513

1,063

881

958

Amortization of operating lease right-of-use assets

1,394

-

1,273

1,137

1,010

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of premium on marketable investments

-177

72

153

462

421

353

274

43

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

255

12

48

16

14

9

15

18

48

29

21

21

24

17

17

16

25

14

23

21

113

33

4

19

20

60

10

12

7

Stock-based compensation

13,794

11,868

11,075

10,436

8,686

7,493

8,869

6,797

5,325

4,640

3,720

3,854

3,129

2,716

2,519

2,414

1,994

1,720

1,945

1,830

2,235

1,957

1,877

1,723

1,196

923

458

304

264

Changes in fair value of convertible preferred and common stock warrant liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-1,745

694

622

785

-230

Gain on sale of convertible note held for investment

0

0

0

0

217

0

0

0

312

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-1

-

-1

1

-10

0

-1

0

0

10

-1

0

-4

Non-cash adjustment on investment

-

-

-

-

-

-

-

-

-

-

72

58

103

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt discount and issuance costs

3,320

-

3,250

3,155

3,079

-

3,049

1,733

0

-

-

-

20

-

43

87

91

90

89

87

84

83

81

78

51

-

-

-

0

Accretion of interest

-

-

-

-

-

-

-

-

-

-

6

5

5

9

11

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Others

-147

-446

-25

6

17

-86

-49

-39

14

263

36

6

8

1

2

3

4

-6

-41

0

1

2

3

2

0

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

2,620

6,258

3,299

2,332

1,046

898

3,817

1,633

-519

1,757

980

831

1,595

1,006

2,138

-1,745

1,990

1,261

1,092

-453

510

646

618

470

-344

1,761

-393

62

144

Prepaid expenses and other current assets

2,754

-501

-881

2,332

1,721

51

-385

1,307

1,833

51

-2,245

1,977

2,129

-1,068

721

-509

1,715

-733

-1,311

1,057

1,211

-765

-89

105

965

-223

67

-716

1,194

Deferred contract acquisition costs

4,695

3,748

3,547

3,017

2,471

2,654

1,756

1,676

1,662

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

2,132

84

-12,307

4,726

7,845

-125

-64

-94

90

104

95

-136

-30

-228

87

-92

30

134

91

-7

94

89

-16

-10

65

-39

-17

26

166

Accounts payable

-1,121

2,449

-59

-393

552

2,111

-1,186

312

1,181

-596

222

1,282

-95

-228

682

-468

825

-281

65

235

-1,629

1,318

-510

-287

-221

502

-883

-605

1,182

Accrued and other current liabilities

4,802

-4,066

-2,994

-1,208

7,724

-710

160

-376

2,791

-713

865

-2,210

3,119

-487

1,360

-546

1,935

-362

-1,247

912

1,123

-695

573

1,110

875

449

139

69

772

Accrued federal fees and sales tax liability

-707

777

570

88

-425

129

120

361

-115

-5

-76

182

-11

-92

-102

-81

93

280

-4

-795

960

1,227

2,021

-3,331

523

737

378

-73

1,283

Deferred revenue

3,378

4,304

1,852

2,123

416

46

2,740

1,049

121

206

1,651

1,116

909

1,231

914

-124

1,659

846

29

-123

286

346

32

52

582

-219

112

332

-119

Other liabilities

-377

-342

-5,445

2,808

2,604

467

-336

-64

325

-100

-180

287

24

-24

-22

-29

-24

-52

-25

-67

9

-50

-56

-55

-47

-61

-106

-24

197

Net cash provided by operating activities

10,394

15,566

17,677

6,788

11,190

15,470

9,444

5,711

7,997

2,880

7,983

84

159

2,834

1,747

2,205

52

-66

-3,163

-3,957

-5,753

-3,520

-6,361

-8,218

-6,180

-5,537

-5,598

-5,981

-3,843

Cash flows from investing activities:
Purchases of marketable investments

62,339

85,069

123,093

116,881

34,427

16,751

94,447

109,506

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

20,000

19,999

0

29,993

0

-

-

-

-

Proceeds from maturities of marketable investments

134,610

43,459

119,927

125,857

39,497

7,246

2,647

1,400

0

-

-

-

-

-

-

-

-

0

0

20,000

20,000

-

-

-

-

-

-

-

-

Purchases of property and equipment

6,045

6,452

4,550

4,241

3,985

4,758

3,411

659

433

841

631

664

514

158

405

316

252

427

275

216

198

547

142

265

71

253

176

10

115

Cash paid to acquire substantially all of the assets of Whendu LLC

100

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of convertible note held for investment

0

0

0

0

217

0

0

0

1,923

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-146

-660

0

0

0

25

-

-

-

0

Proceeds from maturity of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

2,241

249

Net cash provided by investing activities

66,126

-61,952

-7,716

4,735

1,302

-14,263

-95,211

-108,765

1,490

-841

-631

-664

-514

-1,364

-405

-376

-252

-427

-275

19,930

462

9,454

-142

-30,258

-96

-3,210

-176

2,231

134

Cash flows from financing activities:
Payments for deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

805

64

451

291

15

Proceeds from exercise of common stock options

2,596

-

1,849

3,266

982

-

1,290

1,070

4,751

-

977

1,510

793

-

698

955

2,397

-

70

233

116

-

62

149

556

-

10

72

87

Proceeds from revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,500

0

2,000

4,000

Proceeds from notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-25

0

0

19,561

-

-

-

0

Repayments of notes payable

-

-

-

-

-

0

0

161

157

152

147

142

258

485

20,303

1,955

1,608

825

1,050

791

781

773

264

255

264

278

210

138

184

Payments of finance leases

1,229

-

1,706

1,808

1,894

-

1,976

2,051

2,352

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of finance leases

-

-

-

-

-

-

-

-

-

1,360

1,967

1,891

1,850

1,619

1,562

1,750

1,306

1,235

1,414

1,408

1,687

1,441

1,383

1,343

1,282

1,306

1,207

1,421

664

Net cash provided by (used in) financing activities

1,367

3,789

143

5,454

-912

1,086

-776

188,540

2,242

3,544

-1,137

1,277

-1,315

-681

-1,647

-1,958

-517

-524

-2,394

-1,286

-2,352

-1,134

-1,585

70,815

17,766

16,385

-1,858

16,016

3,224

Net increase in cash and cash equivalents

77,887

-42,597

10,104

16,977

11,580

2,293

-86,543

85,486

11,729

5,583

6,215

697

-1,670

789

-305

-129

-717

-1,017

-5,832

14,687

-7,643

4,800

-8,088

32,339

11,490

7,638

-7,632

12,266

-485

Cash and cash equivalents:
Supplemental disclosures of cash flow data:
Cash paid for interest

82

283

156

355

235

438

393

692

765

723

897

851

840

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

109

-

51

111

42

-

84

34

33

-

44

48

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing and financing activities:
Equipment obtained under finance lease

-

-

-

-

-

161

-12

2,358

2,635

2,779

3,470

1,409

2,603

2,654

2,196

2,045

1,307

2,091

1,799

1,085

1,309

1,374

1,914

1,829

769

1,150

1,033

1,582

982

Equipment purchased and unpaid at period-end

2,280

2,028

-740

-273

1,875

804

42

456

281

123

-29

-108

159

150

-89

-35

137

67

50

18

16

8

-20

3

20

-7

-47

47

17

Deferred initial public offering costs incurred but unpaid at period-end

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

104

Net cashless exercise of preferred stock warrants to Series A-2 convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

509

-

-

-

0

Vesting of early exercised stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

128

29

28

-

-

-

0