Instructure, inc. (INST)
Balance Sheet / TTM
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15
Assets
Current assets:
Cash and cash equivalents

101,236

122,199

28,690

49,339

94,320

111,031

67,951

136,733

35,693

58,716

25,744

28,266

44,539

58,975

62,027

69,658

90,471

Short-term marketable securities

15,584

5,006

18,782

41,824

58,630

60,390

48,588

-

5,697

8,089

-

9,997

23,895

24,334

-

-

325

Accounts receivable—net of allowance of $871 and $1,092 at December 31, 2019 and 2018, respectively

38,029

41,655

109,151

26,694

35,514

47,510

93,841

25,515

34,312

35,465

72,970

12,803

18,072

23,087

41,327

6,892

9,523

Prepaid expenses

9,809

14,273

24,287

28,568

13,918

11,114

10,079

9,493

11,492

6,935

7,721

10,978

5,434

4,572

4,983

4,921

5,010

Deferred commissions

10,256

12,156

10,933

8,710

8,226

8,126

8,070

6,994

7,086

-

-

-

-

-

-

-

-

Other current assets

8,211

4,649

4,146

1,667

2,019

1,803

2,010

1,616

2,419

918

886

881

936

472

583

658

614

Total current assets

183,125

199,938

195,989

156,802

212,627

239,974

230,539

180,351

96,699

110,123

107,321

62,925

92,876

111,440

108,920

82,129

105,943

Property and equipment, net

28,076

28,893

28,602

28,276

27,388

27,024

27,547

27,115

23,926

20,907

18,913

16,912

14,733

13,805

13,242

13,082

11,732

Right-of-use assets

36,514

37,120

38,405

38,085

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

69,614

69,952

70,282

38,532

12,354

12,354

12,354

12,354

12,354

989

989

989

989

989

989

989

989

Intangible assets, net

32,513

35,145

38,000

26,340

6,262

6,936

7,609

8,288

9,048

731

802

908

760

471

576

518

444

Noncurrent prepaid expenses

4,558

4,055

4,848

6,053

3,516

4,075

3,347

3,121

2,939

1,757

978

1,094

984

622

785

706

749

Deferred commissions, net of current portion

12,303

15,295

14,737

11,458

11,404

11,292

11,108

11,040

11,160

-

-

-

-

-

-

-

-

Other assets

797

560

586

552

446

526

537

487

497

974

1,051

1,022

994

1,027

1,069

1,144

1,203

Total assets

367,500

390,958

391,449

306,098

273,997

302,181

293,041

242,756

156,623

135,481

130,054

83,850

111,336

128,354

125,581

98,568

121,060

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable

14,619

7,611

9,656

6,050

3,581

11,458

6,961

6,439

2,892

10,146

4,850

4,436

5,374

5,977

3,816

3,772

3,912

Accrued liabilities

11,142

14,431

14,524

11,526

9,809

14,345

11,437

12,501

13,702

13,771

13,303

10,605

10,905

10,873

10,428

9,507

8,852

Deferred rent

-

-

-

-

1,329

1,303

1,330

986

936

897

832

823

773

708

658

630

541

Lease liabilities

6,554

6,324

6,338

5,552

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

145,045

162,583

154,218

89,635

117,298

136,179

129,860

77,671

99,773

109,280

103,018

54,736

72,747

81,563

72,983

38,144

49,384

Total current liabilities

177,360

190,949

184,736

112,763

132,017

163,285

149,588

97,597

117,303

134,094

122,003

70,600

89,799

99,121

87,885

52,053

62,689

Deferred revenue, net of current portion

2,710

2,975

3,172

2,807

3,372

2,494

2,666

1,436

1,889

3,942

4,130

3,391

3,144

3,222

3,136

2,679

2,941

Lease liabilities, net of current portion

41,793

42,685

44,320

43,923

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent, net of current portion

-

-

-

-

10,150

10,437

10,643

10,523

9,201

8,185

7,899

8,183

8,372

8,532

8,721

8,954

9,078

Warrant liability

-

-

-

-

-

-

-

-

-

123

108

32

25

35

25

25

331

Other long-term liabilities

80

3,619

2,673

806

20

20

20

775

1,286

-

32

32

32

36

65

367

402

Total liabilities

221,943

240,228

234,901

160,299

145,559

176,236

162,917

110,331

129,679

146,344

134,172

82,238

101,372

110,946

99,832

64,078

75,441

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

Stockholders’ equity:
Preferred stock, par value of $0.0001 per share; 10,000 shares authorized as of December 31, 2019 and 2018; no shares issued and outstanding as of December 31, 2019 and 2018

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

Common stock, par value of $0.0001 per share; 200,000 shares authorized as of December 31, 2019 and 2018; 38,257 shares issued and outstanding as of December 31, 2019; 35,386 shares issued and outstanding at December 31, 2018

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

4

4

Treasury stock, 0 and 1,128 common shares, at cost, as of December 31, 2016 and 2015, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

Additional paid-in capital

493,795

475,953

460,841

429,349

395,865

385,789

378,485

368,247

250,899

223,957

218,328

211,064

206,442

200,961

196,976

191,127

188,517

Accumulated other comprehensive loss

-

10

17

11

-8

-12

-2

-

-1

-1

-

-2

-12

-9

-

-

-

Accumulated deficit

-348,241

-325,236

-304,313

-283,564

-267,422

-259,835

-248,362

-235,825

-223,957

-234,822

-222,449

-209,453

-196,469

-183,547

-171,230

-156,640

-142,901

Total stockholders’ equity

145,557

150,730

156,548

145,799

128,438

125,945

130,124

132,425

26,944

-10,863

-4,118

1,612

9,964

17,408

25,749

34,490

45,619

Total liabilities and stockholders’ equity

367,500

390,958

391,449

306,098

273,997

302,181

293,041

242,756

156,623

135,481

130,054

83,850

111,336

128,354

125,581

98,568

121,060