Grubhub inc. (GRUB)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)

-18,566

78,481

98,983

49,557

38,077

24,263

6,747

7,919

Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation

30,237

21,647

11,775

8,921

5,085

5,032

3,992

2,018

Amortization of intangible assets and developed software

85,212

64,293

40,073

26,272

22,949

17,655

9,477

4,071

Stock-based compensation

72,900

55,300

32,700

23,559

13,450

9,393

4,933

2,364

Bad debt expense

-

-

-

1,102

-

-

-

-

Provision for doubtful accounts

-

-

-

-

850

426

473

74

Deferred taxes

-7,726

1,724

-31,179

1,027

-3,835

4,612

1,706

-

Deferred rent

-

-

-

-1,286

-32

17

135

-797

Tenant allowance amortization

-

-

-

159

-

-

159

160

Amortization of deferred loan costs

-

-

-

365

-

-

-

-

Investment premium amortization

-

-

-

-

-688

-

-

-

Other

-8,531

-5,552

-2,457

612

159

-167

-

-

Change in assets and liabilities:
Accounts receivable

11,591

6,092

26,236

12,027

4,343

7,394

8,298

526

Income taxes receivable

-5,989

1,356

1,597

5,461

-

-

-

-

Prepaid expenses and other assets

13,854

16,270

-5,516

8,663

-242

1,669

2,388

582

Restaurant food liability

4,380

2,921

8,576

16,451

-29,409

13,414

26,549

12,854

Accounts payable

1,978

11,160

-4,244

-3,204

3,312

-259

2,065

319

Accrued payroll

1,804

3,621

5,537

1,819

-2,104

4,243

-1,707

162

Other accruals

23,349

4,585

11,735

-2,453

-80

3,038

-2,192

2,678

Due to related party

-

-

-

-

-

-

-244

-2,410

Net cash provided by operating activities

182,622

225,527

154,144

97,780

44,755

72,904

40,819

29,578

Purchases of investments

85,989

57,197

154,758

226,694

220,667

113,156

-

-

Proceeds from maturity of investments

51,366

67,166

215,983

284,662

189,872

1,500

-

-

Capitalized website and development costs

48,524

31,180

21,325

12,809

7,137

3,431

2,592

2,280

Purchases of property and equipment

55,167

43,033

18,971

24,087

4,150

3,653

4,429

3,417

Acquisition of other intangible assets

9,980

11,851

25,147

250

-

-

-

-

Acquisitions of businesses, net of cash acquired

-127

517,909

333,301

65,849

73,907

-

-

-

Cash acquired in merger of Grubhub Holdings Inc.

-

-

-

-

-

-

13,266

-

Other cash flows from investing activities

250

-

-557

492

408

-

-

-

Net cash used in investing activities

-148,417

-594,004

-336,962

-45,519

-116,397

-118,740

6,245

10,303

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of common stock

-

200,000

-

-

-

142,541

-

-

Excess tax benefits related to stock-based compensation

-

-

-

24,906

27,830

12,975

-

-

Taxes paid related to net settlement of stock-based compensation awards

23,753

35,599

10,556

2,779

345

2,070

-

-

Repurchases of Common Stock

-

-

-

14,774

-

116

1,367

858

Proceeds from exercise of stock options

4,469

14,190

16,375

13,468

11,919

8,322

1,418

116

Proceeds from the issuance of long-term debt

500,000

222,000

200,000

-

-

-

-

-

Issuance of note receivable to related party

-

-

-

-

-

-

-

26,400

Payments on note receivable from related party

-

-

-

-

-

-

-

42,400

Repayments of borrowings under the credit facility

342,313

53,906

25,781

-

-

-

-

-

Payments for debt issuance costs

9,100

-

1,979

1,477

-

-

-

-

Checks issued in excess of bank balance

-

-

-

-

-

-

-

-3,923

Payment of note payable

-

-

-

-

-

-

-

1,965

Contributions from members

-

-

-

-

-

-

-

6,000

Preferred stock tax distributions

-

-

-

-

-

320

1,893

1,588

Net cash provided by (used in) financing activities

129,267

346,685

178,059

19,344

39,404

161,332

-1,842

-2,218

Net change in cash, cash equivalents, and restricted cash

163,472

-21,792

-4,759

71,605

-32,238

115,496

45,222

37,663

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

320

-645

784

-1,394

-265

-242

159

115

SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS
Cash paid for income taxes

1,163

7,895

19,148

8,722

-

1,326

7,706

861

Capitalized property, equipment and website and development costs in accounts payable at period end

5,627

7,463

2,960

2,583

927

-

-

-

Cashless exercise of stock options

-

-

-

-

-

1,054

-

-

Settlement of receivable through cashless acquisition of treasury shares in connection with net settlement of stock-based awards

-

-

-

-

345

3,123

-

-

Net working capital adjustment receivable

-

127

737

-

-

-

-

-

Fair value of equity awards assumed on acquisition

-

2,966

274

-

15,980

-

421,485

-