LOGMEIN, INC. LOGM Cash Flow

Logmein, inc. (LOGM)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Cash flows from operating activities
Net income (loss)
-14,555	74,371	99,523	2,638	14,558	7,955	-7,682	3,566	5,761	21,098	8,797
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation
68,206	65,734	67,292	38,350	26,499	24,769	19,714	14,792	8,925	4,991	2,921
Depreciation and amortization
304,596	301,071	221,321	21,505	13,698	11,137	7,704	6,100	4,403	3,719	3,201
Gain on disposition of assets, excluding transaction costs
-	36,281	-	-	-	-	-	-	-	-	-
Amortization of premium on investments
-	-	-	-	-328	-224	-198	-54	-134	-239	-0
Change in fair value of contingent consideration liability
849	-	-	-	-	-	-	-89	-	-	-
Restructuring-related property and equipment charges
3,164	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
-	-	-	-	187	-	-	-	-	-	-
Provision for bad debts
-	-	-	-	61	102	116	100	85	87	115
Benefit from deferred income taxes
-35,698	-57,456	-156,831	-3,304	-1,062	-2,707	926	-831	3,793	-2,673	14
Excess tax benefits realized from stock-based awards
-	-	-	6,467	2,743	383	17	6,635	5,887	1,149	-
Other, net
-1,776	-1,771	-2,266	-1,275	12	-21	-	-	-	-	-
(Gain) loss on disposal of equipment
-	-	-	-	-	-	-	-12	-	1	-0
Changes in assets and liabilities, excluding effect of acquisitions:
Accounts receivable
13,521	-7,751	16,618	10,214	-2,224	5,804	-302	4,471	4,088	682	-435
Prepaid expenses and other current assets
12,998	13,671	22,819	-5,996	2,794	-1,822	2,986	1,070	-494	1,071	168
Other assets
27,147	16,596	-1,569	-1,490	454	-476	3,764	1,308	215	-2	7
Accounts payable
17,464	11,104	-5,004	6,149	1,420	1,727	-2,233	1,552	3,787	-331	729
Accrued liabilities
37,884	26,811	15,354	8,353	2,288	9,234	3,457	5,854	-531	3,643	2,104
Deferred revenue
29,047	35,416	93,036	26,953	28,874	23,983	14,493	10,960	15,471	8,690	5,744
Other long-term liabilities
1,782	4,014	17,108	-409	2,698	1,597	-208	-418	739	-94	449
Net cash provided by (used in) operating activities
360,849	404,039	316,197	92,315	85,770	74,153	30,020	28,257	32,871	36,468	24,339
Cash flows from investing activities
Purchases of marketable securities
-	-	-	35,609	92,335	95,342	90,376	135,085	150,066	185,348	30,010
Proceeds from sale or disposal or maturity of marketable securities
-	-	55,598	64,756	107,042	95,045	90,000	130,000	145,000	125,000	-
Purchases of property and equipment
35,438	30,965	36,635	14,015	14,219	7,471	10,938	5,277	2,322	4,243	3,373
Intangible asset additions
39,789	34,219	29,706	1,559	2,375	2,529	13,061	1,049	346	416	-
Cash paid for acquisitions, net of cash acquired
22,463	342,072	22,348	6,083	107,575	22,449	-	14,831	10,000	-	-
Restricted cash acquired through acquisitions
-	-	1,181	-	-	-	-	-	-	-	-
Proceeds from disposition of assets
7,500	42,394	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-90,190	-364,862	-31,910	7,490	-107,974	-32,942	-24,368	-29,800	-17,760	-65,002	-33,165
Cash flows from financing activities
Decrease (increase) in restricted cash
-	-	-	-	-1,488	196	-7	3,558	26	-5	-218
Borrowings under credit facility
-	200,000	-	-	60,000	-	-	-	-	-	-
Repayments under credit facility
-	-	30,000	30,000	-	-	-	-	-	-	-
Proceeds from issuance of common stock upon option exercises and employee stock purchase plan
5,204	3,831	6,511	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock in connection with initial public offering, net of issuance cost of $1,397,000
-	-	-	-	-	-	-	-	-	-	84,162
Proceeds from issuance of common stock in connection with secondary public offering, net of issuance cost of $266,000
-	-	-	-	-	-	-	-	-	-	1,478
Payments of issuance costs related to secondary offering of common stock
-	-	-	-	-	-	-	-	-	195	-
Proceeds from issuance of common stock upon option exercises
-	-	-	11,753	17,794	17,595	3,798	2,682	6,207	4,834	516
Excess tax benefits realized from stock-based awards
-	-	-	6,467	2,743	383	17	6,634	5,887	1,149	-
Payments of withholding taxes in connection with restricted stock unit vesting
20,114	30,617	34,474	14,445	11,641	5,766	1,834	-	-	-	-
Payment of debt issuance costs
-	-	2,032	346	988	-	-	-	-	-	-
Payment of contingent consideration
1,857	-	-	2,030	226	-	104	-	-	-	-
Dividends paid on common stock
64,600	62,200	52,300	25,466	-	-	-	-	-	-	-
Purchase of treasury stock
208,504	247,144	69,229	25,381	18,090	36,500	30,525	-	-	-	-
Net cash provided by (used in) financing activities
-289,828	-136,132	-181,493	-79,448	49,592	-24,288	-28,648	9,227	12,094	5,788	86,156
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-1,435	-6,762	8,080	-2,633	-5,205	-5,220	321	644	-881	-264	46
Net increase (decrease) in cash, cash equivalents and restricted cash
-20,604	-103,717	110,874	17,724	22,183	11,703	-22,675	8,328	26,324	-23,010	77,377
Supplemental disclosure of cash flow information
Cash paid for interest
6,318	4,734	201	937	574	2	2	-	1	1	1
Cash paid (refunds received) from income taxes
18,585	48,244	55,730	-5,439	861	1,489	10,094	1,802	356	612	81
Noncash investing and financing activities
Purchase consideration of the GoTo Business paid in equity
-	-	2,921,179	-	-	-	-	-	-	-	-
Purchases of property and equipment included in accounts payable and accrued liabilities
7,949	9,109	3,522	1,023	3,145	1,032	1,510	742	671	388	163
Accretion of redeemable convertible preferred stock
-	-	-	-	-	-	-	-	-	-	1,311
Deferred stock offering costs included in accounts payable and accrued liabilities
-	-	-	-	-	-	-	-	-	-	241
Conversion of redeemable preferred stock to common stock
-	-	-	-	-	-	-	-	-	-	36,154
Withholding taxes in connection with restricted stock unit vesting in accrued liabilities
-	-	771	-	-	-	-	-	-	-	-
Purchases of treasury stock included in accrued liabilities
-	1,789	-	-	-	-	-	-	-	-	-
Fair value of contingent consideration in connection with acquisition, included in accrued liabilities
2,000	-	-	-	2,028	249	-	161	212	-	-