Instructure, inc. (INST)
CashFlow / TTM
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Operating Activities:
Net loss

-80,819

-65,401

-55,951

-47,739

-43,465

-45,622

-45,620

-43,351

-43,084

-40,896

-41,742

-46,064

-48,202

-52,768

-50,663

-49,407

-52,978

0

0

0

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property and equipment

10,642

10,086

9,563

9,056

8,749

8,303

7,612

6,963

6,187

5,471

4,788

4,306

3,981

3,631

3,422

3,061

2,672

0

0

0

Amortization of intangible assets

9,335

7,377

5,195

3,231

2,786

2,354

1,752

1,193

572

451

500

470

405

361

318

309

309

0

0

0

Amortization of deferred financing costs

9

13

18

17

19

22

25

32

31

36

39

40

46

34

45

51

54

0

0

0

Change in fair value of mark-to-market liabilities

-

-

-

-

-1,266

-1,267

-1,252

-32

97

88

83

7

-62

65

64

103

653

0

0

0

Stock-based compensation

56,512

50,043

41,632

31,941

22,747

20,065

18,649

17,041

15,670

14,680

13,217

11,812

10,674

9,238

7,446

5,542

9,236

0

0

0

Other

-656

-668

-408

-721

-437

-732

-850

46

-17

-70

73

66

92

148

35

194

193

0

0

0

Changes in assets and liabilities:
Accounts receivable, net

2,217

-5,657

15,939

2,257

2,643

11,623

20,397

11,459

14,882

12,116

31,244

6,037

8,733

12,190

13,343

2,066

1,532

0

0

0

Prepaid expenses and other assets

6,836

9,390

21,600

25,103

2,553

7,476

5,759

1,035

9,176

3,133

2,584

6,069

416

-1,197

89

1,950

2,673

0

0

0

Deferred commissions

2,679

7,783

6,242

2,134

1,384

2,329

2,821

4,019

4,990

0

0

0

-

-

-

-

-

-

-

-

Right-of-use assets

-2,716

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

13,039

-4,191

4,817

-1,747

-2,805

2,784

1,552

4,330

740

7,626

4,233

1,695

3,732

4,745

1,690

3,771

3,938

0

0

0

Deferred revenue

22,166

21,966

19,945

11,800

19,008

28,082

27,988

22,482

26,763

25,010

27,623

15,006

21,778

27,035

30,326

15,663

20,371

0

0

0

Lease liabilities

-2,362

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-1,342

-2,658

-3,242

-2,503

-992

158

648

578

474

164

-100

-759

-719

0

0

0

Other liabilities

11

0

0

0

-

-

-

0

-

-

-

-

-345

-389

-382

-316

-313

0

0

0

Net cash provided by (used in) operating activities

18,861

11,408

-16,086

-23,744

98

-4,781

-15,911

-5,727

-21,129

-10,944

-32,862

-30,507

-21,608

-19,057

-21,031

-24,286

-19,351

0

0

0

Investing Activities:
Purchases of property and equipment

10,243

9,729

8,736

8,621

11,132

13,808

16,185

17,452

15,750

12,929

10,566

7,898

7,021

7,155

6,967

8,037

6,696

0

0

0

Purchases of intangible assets

-

-

-

-

-

-

-

-

310

711

726

860

721

0

0

0

-

-

-

-

Proceeds from sale of property and equipment

103

81

82

86

88

104

90

87

76

90

83

70

63

34

64

63

64

0

0

0

Purchases of marketable securities

28,259

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of marketable securities

63,000

84,450

111,586

88,400

61,600

43,250

11,100

21,100

29,300

28,700

28,700

18,700

5,125

1,444

1,444

1,444

1,619

0

0

0

Business acquisitions, net of cash received

54,963

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-21,576

-8,789

-33,168

-74,218

-63,304

-65,630

-64,530

-7,370

2,231

2,673

-11,261

-18,740

-31,306

-30,351

-6,058

-8,137

-6,469

0

0

0

Financing Activities:
Proceeds from common stock offerings, net of offering costs

-

-

-

-

109,789

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of redeemable convertible preferred stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250

0

0

0

Proceeds from issuance of common stock from employee equity plans

12,868

10,715

10,781

11,153

12,467

13,366

13,308

12,169

10,375

8,284

8,014

7,924

7,009

0

0

0

-

-

-

-

Shares repurchased for tax withholdings on vesting of restricted stock

3,237

2,166

788

553

405

411

424

377

292

0

0

0

-

-

-

-

-

-

-

-

Repayment of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

223

0

0

0

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by financing activities

9,631

8,549

9,993

10,568

121,833

122,726

122,648

121,564

10,052

8,012

7,840

7,855

6,982

76,613

75,508

72,258

72,376

0

0

0

Net increase (decrease) in cash and cash equivalents

6,916

11,168

-39,261

-87,394

58,627

52,315

42,207

108,467

-8,846

-259

-36,283

-41,392

-45,932

27,205

48,419

39,835

46,556

0

0

0

Supplemental cash flow disclosure:
Cash paid for taxes

247

284

254

198

198

160

189

210

276

361

307

261

163

0

0

0

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

0

0

0

Non-cash investing and financing activities:
Issuance of common stock for exercise of common stock warrant

-

-

-

-

-

-

-

-

-

-

-

-

244

0

0

0

-

-

-

-

Capital expenditures incurred but not yet paid

316

704

1,073

580

373

442

82

265

274

-12

330

87

174

184

-450

355

138

0

0

0

Acquisition consideration not yet paid

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock for acquisitions

30,012

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Vesting of common stock subject to repurchase

-

-

-

-

-

-

-

-

-

-

-

-

25

28

23

37

48

0

0

0