Grubhub inc. (GRUB)
CashFlow / TTM
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'14Jun'13Mar'13
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)

-58,883

-18,566

4,002

25,737

54,605

78,481

137,157

127,400

112,034

98,983

59,094

59,288

57,339

49,557

47,208

40,893

37,440

38,077

37,554

37,140

30,480

24,263

0

0

0

0

0

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

32,702

30,237

27,123

24,747

22,790

21,647

20,015

17,209

14,413

11,775

11,303

10,686

9,989

8,921

6,806

5,691

5,214

5,085

5,170

5,363

5,079

5,032

0

0

0

0

0

Amortization of intangible assets and developed software

91,021

85,212

79,991

72,705

67,288

64,293

60,553

54,985

48,346

40,073

31,675

28,768

27,936

26,272

25,133

23,458

23,879

22,949

22,016

21,272

18,342

17,655

0

0

0

0

0

Stock-based compensation

76,600

72,900

73,700

69,600

61,569

55,300

45,187

39,462

35,688

32,700

29,717

26,591

23,901

23,559

21,827

19,591

17,344

13,450

11,790

10,971

9,997

9,393

0

0

0

0

0

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

0

0

754

-

1,004

1,010

1,200

850

759

520

158

426

0

0

0

0

0

Deferred taxes

-9,465

-7,726

-6,532

5,330

3,714

1,724

-26,969

-27,707

-29,414

-31,179

773

-1,579

-393

1,027

-2,950

-8,044

-8,375

-3,835

-6,392

-3,491

2,623

4,612

0

0

0

0

0

Deferred rent

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

0

-

-

-

-

17

0

0

0

0

0

Tenant allowance amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

Amortization of deferred loan costs

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-11,275

-8,531

-6,190

-5,750

-4,239

-5,552

-7,852

-6,053

-4,739

-2,457

1,549

1,684

737

612

598

58

507

159

0

0

0

-

-

-

-

-

-

Change in assets and liabilities:
Accounts receivable

-467

11,591

1,458

23,329

36,311

6,092

28,302

23,132

24,687

26,236

5,631

-479

3,792

12,027

19,730

7,605

2,437

4,343

688

7,129

8,262

7,394

0

0

0

0

0

Income taxes receivable

9,406

-5,989

-11,899

2,809

6,362

1,356

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

7,790

13,854

12,770

22,681

23,420

16,270

14,132

6,253

957

-5,516

1,596

2,025

5,570

8,663

1,176

2,588

149

-242

1,352

562

2,040

1,669

0

0

0

0

0

Restaurant food liability

12,138

4,380

4,560

9,713

9,135

2,921

5,593

396

4,164

8,576

9,681

10,483

17,667

16,451

13,396

-28,183

-43,704

-29,409

-31,504

10,225

19,112

13,414

0

0

0

0

0

Accounts payable

25,300

1,978

5,845

1,051

-8,085

11,160

-1,944

-3,373

-4,126

-4,244

4,353

-3,324

2,713

-3,204

-647

6,411

-296

3,312

456

-3,254

-2,029

-259

0

0

0

0

0

Accrued payroll

5,670

1,804

2,676

8,704

7,327

3,621

9,273

3,180

3,776

5,537

2,812

1,620

1,319

1,819

628

1,491

8

-2,104

-470

-478

154

4,243

0

0

0

0

0

Other accruals

36,589

23,349

20,921

4,763

11,543

4,585

9,136

14,411

7,814

11,735

2,099

1,596

3,500

-2,453

1,330

-1,181

2,527

-80

1,175

2,016

1,426

3,038

0

0

0

0

0

Net cash provided by operating activities

206,204

182,622

216,069

179,299

167,971

225,527

211,770

202,503

174,054

154,144

143,183

128,245

130,704

97,780

93,598

51,404

32,999

44,755

39,236

73,163

75,490

72,904

0

0

0

0

0

Purchases of investments

93,619

85,989

59,061

38,452

58,820

57,197

56,733

88,921

107,512

154,758

184,905

213,079

228,250

226,694

253,855

278,745

239,826

220,667

0

0

0

-

-

-

-

-

-

Proceeds from maturity of investments

72,630

51,366

43,986

59,686

60,636

67,166

106,166

130,796

178,316

215,983

238,828

270,475

263,880

284,662

277,583

253,744

228,427

189,872

0

0

0

-

-

-

-

-

-

Capitalized website and development costs

52,075

48,524

44,777

40,223

35,610

31,180

27,515

24,894

23,437

21,325

19,231

17,005

14,628

12,809

11,035

9,413

8,255

7,137

5,996

5,423

4,195

3,431

0

0

0

0

0

Purchases of property and equipment

66,827

55,167

53,751

46,907

45,589

43,033

38,406

30,946

21,377

18,971

19,553

23,016

23,884

24,087

18,367

11,311

6,968

4,150

3,330

2,476

2,318

3,653

0

0

0

0

0

Acquisition of other intangible assets

5,111

9,980

0

0

0

-

-

-

-

25,147

25,147

5,000

5,000

250

0

0

0

-

-

-

-

-

-

-

-

-

-

Acquisitions of businesses, net of cash acquired

-

-127

150,926

518,519

518,519

517,909

0

0

0

-

-

-

-

-

-

-

-

73,907

0

0

0

-

-

-

-

-

-

Other cash flows from investing activities

0

-

-

-

-

-

-6

-89

-482

-557

-637

-576

228

492

0

0

0

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-145,502

-148,417

-285,557

-605,179

-615,148

-594,004

-664,780

-366,587

-326,239

-336,962

-61,230

14,630

-73,959

-45,519

-90,941

-132,707

-45,854

-116,397

-142,345

-176,269

-172,683

-118,740

0

0

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings under the credit facility

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits related to stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

24,906

27,957

32,176

31,948

27,830

0

0

0

-

-

-

-

-

-

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

21,838

23,753

27,864

32,242

34,080

35,599

31,098

23,750

18,353

10,556

9,270

7,364

5,785

2,779

0

0

0

-

-

-

-

2,070

0

0

0

-

-

Repurchases of Common Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

14,774

0

0

0

-

-

-

-

116

0

0

0

0

0

Proceeds from exercise of stock options

3,459

4,469

5,220

7,162

9,666

14,190

16,880

18,025

21,739

16,375

14,159

18,898

14,040

13,468

13,044

5,020

7,108

11,919

14,355

16,954

13,109

8,322

0

0

0

0

0

Repayments of borrowings under the credit facility

-

342,313

343,875

344,657

30,156

53,906

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for debt issuance costs

-

9,100

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

308,850

129,267

171,345

343,309

365,783

346,685

480,963

314,953

149,845

178,059

7,396

17,673

16,071

19,344

23,200

19,662

28,258

39,404

44,353

91,955

173,089

161,332

0

0

0

0

0

Net change in cash, cash equivalents, and restricted cash

369,552

163,472

101,857

-82,571

-81,394

-21,792

27,953

150,869

-2,340

-4,759

89,349

160,548

72,816

71,605

25,857

-61,641

15,403

-32,238

-58,756

-11,151

75,896

115,496

0

0

0

0

0

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

-512

320

-532

-329

-769

-645

-331

53

1,043

784

205

-292

-1,106

-1,394

-1,047

-1,030

-246

-265

-236

-350

-501

-242

0

0

0

0

0

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

-

1,163

954

1,036

8,019

7,895

10,316

12,769

18,629

19,148

0

0

0

-

-

-

-

-

-

-

-

1,326

0

0

0

0

0

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

1,606

5,627

8,053

11,343

11,322

7,463

5,981

2,897

4,996

2,960

-2,280

150

3,116

2,583

6,424

4,273

2,042

927

0

0

0

-

-

-

-

-

-

Cashless exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,054

0

0

0

-

-

Fair value of equity awards assumed on acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,980

0

0

0

-

-

-

-

-

-