Hubspot, inc. (HUBS)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Operating Activities:
Net loss

-53,746

-63,828

-39,714

-45,562

-46,053

-48,229

-34,274

-18,778

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

28,793

23,428

15,786

11,177

7,343

5,714

4,472

2,736

Stock-based compensation

97,754

76,261

47,317

32,675

21,308

16,358

3,464

2,515

Benefit for deferred income taxes

-799

36

-11,546

-133

-50

-133

-

-

Amortization of debt discount and issuance costs

21,790

20,335

12,366

-

-

-

-

-

Accretion of bond discount

14,160

6,787

1,576

-647

-671

-

-

-

Noncash interest expense

-

-

-

-

-

-

-

50

Provision for doubtful accounts

-

-

-

-

-

-

-

384

Non-cash rent expense

-

2,336

5,039

3,968

1,793

286

908

-

Unrealized currency translation

156

-483

139

-81

329

213

-

-

Changes in assets and liabilities
Accounts receivable

15,428

17,726

20,180

14,099

11,249

7,258

1,955

3,077

Prepaid expenses and other assets

3,296

-3,880

5,588

6,126

3,373

713

3,351

448

Deferred commission expense

-9,666

-23,900

-4,004

-453

-2,119

-2,004

-1,155

-10

Right-of-use assets

22,657

-

-

-

-

-

-

-

Accounts payable

3,927

3,298

1,100

983

-508

286

-1,158

1,190

Accrued expenses and other liabilities

7,819

11,920

8,195

4,004

-

-

-

-

Lease liabilities

15,781

-

-

-

-

-

-

-

Accrued expenses

-

-

-

-

7,085

4,734

4,259

2,118

Restricted cash

-

-

-

-

-

-157

67

-

Deferred rent

-

-5,799

-3,559

107

-392

-1,467

-258

-325

Deferred revenue

49,265

49,316

38,999

32,311

24,666

17,084

8,791

7,838

Net cash and cash equivalents provided by operating activities

118,973

84,851

49,614

19,366

-423

-12,464

-19,808

-5,807

Investing Activities:
Purchases of investments

1,304,847

681,632

890,009

52,131

113,615

-

-

-

Maturities of investments

1,066,366

644,375

533,660

50,840

23,018

-

-

-

Purchases of property and equipment

40,372

22,305

20,276

15,789

8,427

7,266

4,358

322

Capitalization of software development costs

13,474

11,168

7,071

5,749

4,314

4,634

3,432

2,261

Acquisition of intangible assets

-

-

-

-

-

80

190

-

Restricted cash

-

-

-

-

166

-1,500

1,190

-190

Acquisition of a business, net of cash acquired

23,314

-

9,415

-

600

-

-

-

Purchase of strategic investments

553

500

3,500

-

-

-

-

-

Net cash and cash equivalents used in investing activities

-316,194

-71,230

-396,611

-22,829

-104,104

-10,480

-9,170

-2,393

Financing Activities:
Proceeds from common stock offering, net of offering costs paid of $256

342,628

-

-

-

33,669

130,764

-

-

Repayment of debt

333

-

-

-

-

-

-

-

Employee taxes paid related to the net share settlement of stock-based awards

6,247

8,033

4,419

2,368

8,607

-

-

-

Proceeds related to the issuance of common stock under stock plans

23,578

21,555

13,086

11,584

12,083

3,794

621

-

Proceeds from issuance of convertible notes, net of issuance costs paid of $10,767

-

-

389,233

-

-

-

-

-

Purchase of note hedge related to convertible notes

-

-

78,920

-

-

-

-

-

Proceeds from the issuance of warrants related to convertible notes, net of issuance costs paid of $200

-

-

58,880

-

-

-

-

-

Repayments of finance lease obligations

284

744

1,054

-

-

-

-

-

Proceeds from draw-down on line of credit

-

-

-

-

-

18,000

-

-375

Payments on line of credit

-

-

-

-

-

18,000

-

-

Net proceeds from issuance of redeemable convertible

-

-

-

-

-

-

-

35,096

Proceeds from exercise of options

-

-

-

-

-

-

-

697

Repayment of capital lease obligations

-

-

-

743

206

121

107

83

Net cash and cash equivalents provided by financing activities

359,342

12,778

376,806

8,473

36,939

134,437

514

35,335

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

-720

-2,069

2,790

-760

-553

-415

10

-10

Net increase in cash, cash equivalents and restricted cash

161,401

24,330

32,599

4,250

-68,141

111,078

-28,454

27,125

Supplemental cash flow disclosure:
Cash paid for interest

1,014

1,036

762

174

185

199

3

13

Cash paid for income taxes

3,090

1,842

855

954

215

-

-

-

Right-of-use assets obtained in exchange for operating lease liabilities

105,496

-

-

-

-

-

-

-

Non-cash investing and financing activities:
Property and equipment acquired under capital lease

-

-

-

995

847

-

299

-

Capital expenditures incurred but not yet paid

4,606

666

680

1,383

435

111

1,499

206

Asset retirement obligations

2,014

216

575

561

-

-

-

-

IPO costs incurred but not yet paid

-

-

-

-

-

202

-

-

Accretion of preferred stock

-

-

-

-

-

331

54

81

Conversion of preferred stock to common stock

-

-

-

-

-

101,624

-

-