LOGMEIN, INC. LOGM Cash Flow

Logmein, inc. (LOGM)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities
Net income (loss)
-11,285	-4,102	5,108	-6,522	-9,039	25,388	12,717	6,554	29,712	93,321	9,920	14,846	-18,564	1,862	-657	2,506	-1,073	6,235	5,563	2,388	372	3,313	2,308	1,330	1,004	-459	-56	-1,360	-5,807	2,196	717	575	76	2,016	1,127	2,682	-65
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation
16,861	17,361	17,611	18,203	15,031	16,914	15,688	17,166	15,966	18,037	18,765	16,296	14,194	11,023	8,999	9,736	8,592	7,264	6,668	7,714	4,853	6,348	6,270	6,713	5,438	4,819	4,613	5,117	5,165	4,385	4,333	3,088	2,984	2,389	2,539	2,251	1,745
Depreciation and amortization
69,245	76,241	76,022	76,389	75,944	77,890	76,820	75,071	71,290	62,560	60,175	58,302	40,284	5,429	5,372	5,260	5,444	4,466	3,298	3,057	2,877	2,856	2,782	3,027	2,472	2,052	2,056	1,892	1,704	1,652	1,598	1,466	1,382	1,126	1,201	1,069	1,004
Gain on disposition of assets, excluding transaction costs
-	-	-	-	-	0	0	0	36,281	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premium on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	-120	-137	-89	-102	-70	-67	-46	-56	-59	-63	-59	-62	-63	-14	-22	-9	-11	-10	-14	-23	-36	-59
Change in fair value of contingent consideration liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	170	332	-	-	1	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	74	74	70	55	54	55	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for bad debts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	7	19	9	14	19	19	50	20	-2	34	44	31	13	28	22	22	32	22	40	15	15	14
Benefit from deferred income taxes
-9,781	-1,597	-11,315	-11,135	-11,651	-23,394	-12,032	-12,677	-9,353	-109,172	-15,182	-16,021	-16,456	-	-	-	-	-	-	-	-	-3,223	248	3	265	722	6	142	56	951	-1,782	-1,007	1,007	1,705	751	1,347	-12
Excess tax benefits realized from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	-	-	-	1,001	-	-	-	-
Other, net
-521	-502	-335	-602	-337	-489	-489	-329	-464	-660	-232	-1,135	-239	-1,273	-5	-9	12	27	-32	22	-5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on disposal of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	-	0	1	-	-	0	0	-	0	0	0
Changes in assets and liabilities, excluding effect of acquisitions:
Accounts receivable
986	26,129	-8,498	1,914	-6,024	8,550	6,429	-12,910	-9,820	10,138	6,477	3,130	-3,127	10,135	1,641	-509	-1,053	-293	1,563	1,537	-5,031	7,628	751	-1,056	-1,519	1,539	1,760	-2,328	-1,273	2,665	2,246	1,585	-2,027	2,448	-1,000	1,497	1,143
Prepaid expenses and other current assets
16,547	7,583	10,192	-1,894	-2,883	22,145	-519	-3,188	-4,767	18,212	-7,979	5,688	6,898	-7,548	-754	-1,792	4,098	-79	382	-6,200	8,691	-3,251	420	93	916	-2,021	1,619	535	2,853	178	377	104	409	-201	202	-29	-465
Other assets
4,262	6,760	6,841	6,872	6,674	3,766	4,896	5,167	2,767	-578	-835	-68	-88	-302	-239	-1,034	85	172	489	-13	-194	-165	-101	-120	-90	1,694	276	-88	1,882	1,306	12	-163	152	-13	65	127	35
Accounts payable
-8,605	-3,987	5,944	6,163	9,344	-2,471	2,072	1,857	9,646	-15,158	-1,040	7,307	3,887	1,444	2,182	811	1,712	-1,601	-1,360	538	3,843	1,143	151	1,441	-1,008	-52	228	-1,281	-1,128	1,542	880	876	-1,747	2,230	910	-1,989	2,634
Accrued liabilities
3,603	13,738	7,920	-3,124	19,350	5,698	-1,848	3,149	19,812	-21,232	-1,458	-2,492	40,536	4,177	3,834	2,840	-2,498	5,110	950	-7,666	3,894	5,627	4,934	2,950	-4,277	2,365	-905	-3,350	5,347	1,536	2,081	1,709	526	-994	1,344	125	-1,006
Deferred revenue
48,526	11,383	-12,586	6,430	23,820	7,385	-7,753	-2,901	38,685	17,901	15,383	15,423	44,329	1,533	-653	-271	26,344	-5,976	509	6,857	27,484	3,238	-2,649	4,036	19,358	3,870	2,571	3,639	4,413	4,354	2,467	1,687	2,450	4,268	2,862	3,565	4,773
Other long-term liabilities
709	5,146	-1,056	3,411	-5,719	-263	-1,685	3,750	2,212	13,792	1,343	869	1,104	-5,352	1,483	1,397	2,063	1,521	272	900	5	472	404	388	333	18	-52	15	-189	180	-1,651	368	685	485	346	-52	-40
Net cash provided by (used in) operating activities
87,999	74,481	83,001	83,717	119,650	73,175	73,662	103,229	153,973	32,937	90,475	86,915	105,870	8,225	20,096	25,994	38,000	13,756	13,449	18,587	39,978	15,267	13,484	21,029	24,373	12,209	4,900	6,796	6,115	6,070	6,040	8,282	7,863	8,829	10,219	5,428	8,394
Cash flows from investing activities
Purchases of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,036	17,789	13,784	35,165	0	37,174	19,996	45,369	29,989	14,999	4,985	24,996	4,999	10,003	50,378	14,986	45,111	19,995	54,992	14,999	49,993	54,996	30,076
Proceeds from sale or disposal or maturity of marketable securities
-	-	-	-	-	-	-	-	-	13,995	10,500	4,850	26,253	14,756	18,750	17,500	13,750	35,000	15,042	37,000	20,000	45,045	30,000	15,000	5,000	25,000	5,000	10,000	50,000	15,000	45,000	20,000	50,000	10,000	50,000	55,000	30,000
Purchases of property and equipment
8,401	5,625	7,732	9,894	12,187	9,375	7,961	6,380	7,249	13,313	13,518	6,110	3,694	1,386	3,817	4,436	4,376	3,297	4,353	2,668	3,901	1,774	1,349	2,568	1,780	1,279	3,203	4,301	2,155	1,090	1,902	945	1,339	69	158	976	1,117
Intangible asset additions
10,319	10,368	10,676	9,830	8,915	8,081	8,276	10,766	7,096	7,813	8,184	7,678	6,031	522	322	323	392	-60	551	866	1,018	762	445	816	506	11,942	204	374	541	259	222	458	108	100	107	75	61
Cash paid for acquisitions, net of cash acquired
-	0	0	0	22,463	-	-	-	-	3,188	43,375	0	-24,215	6,022	0	0	61	-	-	-	-	0	15,015	0	7,434	-	-	-	-	-0	0	0	14,831	-	-	-	-
Restricted cash acquired through acquisitions
-	-	-	-	-	-	-	-	-	193	71	0	917	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposition of assets
-	-	-	-	-	0	0	0	42,394	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-18,720	-15,993	-10,908	-19,724	-43,565	-17,456	-14,958	-360,497	28,049	-10,126	-54,506	-8,938	41,660	6,856	10,576	-4,953	-4,989	-110,977	11,677	-3,709	-4,965	-2,857	-16,797	-3,583	-9,705	-13,335	-3,406	-4,553	-3,074	-1,336	-2,235	-4,956	-21,271	-5,169	-10,259	-1,049	-1,281
Cash flows from financing activities
Decrease (increase) in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-95	126	0	-1,539	1	50	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	25
Repayments under credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	7,500	7,500	7,500	7,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock upon option exercises
85	-	51	41	41	-	2,809	959	63	-	1,009	869	4,485	2,310	4,039	4,279	1,125	2,543	2,967	3,434	8,850	4,608	2,681	4,533	5,773	1,268	2,263	193	74	86	582	1,537	474	2,975	799	1,314	1,117
Excess tax benefits realized from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-626	641	-23	25	1,989	2,092	1,551	1,001	-	-	-	-
Payments of withholding taxes in connection with restricted stock unit vesting
1,937	1,646	792	9,887	7,789	1,127	1,536	18,724	9,230	2,285	2,734	21,834	7,621	1,013	4,815	6,502	2,115	493	4,263	5,243	1,642	476	1,733	2,656	901	288	629	681	236	-	-	-	-	-	-	-	-
Payment of debt issuance costs
-	-	-	-	-	-	-	-	-	39	0	200	1,793	-3	0	84	265	11	203	98	676	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent consideration
1,294	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	226	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on common stock
-	15,864	16,037	16,199	16,500	15,300	15,523	15,639	15,738	13,183	13,181	13,156	12,780	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	39,316	44,956	70,165	54,067	56,914	75,127	68,202	46,901	18,154	21,460	22,150	7,465	2,582	3,462	10,970	8,367	3,358	0	9,668	5,064	10,458	19,093	2,040	4,909	10,233	5,685	5,627	8,980	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-3,146	-51,712	-61,734	-98,050	-78,332	-73,343	-89,377	98,394	-71,806	-33,482	-36,366	-86,471	-25,174	-17,082	-24,467	-20,777	-17,122	61,208	-1,283	-11,575	1,242	-5,949	-18,139	-163	-37	-9,879	-3,514	-6,138	-9,117	2,076	2,585	3,088	1,475	5,196	2,437	3,342	1,117
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-4,663	2,081	-2,724	593	-1,385	-1,335	-537	-7,547	2,657	950	1,569	3,010	2,551	-3,732	513	-1,573	2,159	-1,256	427	679	-5,055	-1,842	-3,035	-191	-152	1,278	-74	226	-1,109	117	169	-344	701	-646	-1,006	200	571
Net increase (decrease) in cash, cash equivalents and restricted cash
61,470	8,857	7,635	-33,464	-3,632	-18,959	-31,210	-166,421	112,873	-9,721	1,172	-5,484	124,907	-5,733	6,718	-1,309	18,048	-37,269	24,270	3,982	31,200	4,619	-24,487	17,092	14,479	-9,727	-2,094	-3,669	-7,185	6,928	6,559	6,070	-11,230	8,209	1,391	7,921	8,801
Supplemental disclosure of cash flow information
Cash paid for interest
2,705	552	2,548	1,312	1,906	-	-	-	-	0	0	96	105	174	216	248	299	572	0	1	1	0	0	1	1	-	-	-	-	-	0	0	0	-0	0	0	0
Cash paid (refunds received) from income taxes
19,457	10,295	4,032	4,571	-313	29,554	4,939	9,013	4,738	33,458	9,393	11,836	1,043	-	-	-	-28	-	-	79	1,015	602	319	449	119	1,688	2,119	2,227	4,060	1,021	399	317	62	43	137	151	23
Noncash investing and financing activities
Debt issuance costs included in accounts payable and accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	82	-	-	-9	224	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase consideration of the GoTo Business paid in equity
-	-	-	-	-	-	-	-	-	0	0	0	2,921,179	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of property and equipment through capital lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	178	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment included in accounts payable and accrued liabilities
7,907	3,311	-1,021	-2,045	7,704	3,605	612	2,235	2,657	-3,484	2,514	2,324	2,168	133	-2,329	706	2,513	876	1,048	21	1,200	6	339	-662	1,349	927	-932	-69	1,584	-173	43	143	728	530	-102	-175	418
Withholding taxes in connection with restricted stock unit vesting in accrued liabilities
-	-	-	-	1,023	-	-	-	1,999	-	-	-	3,060	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of treasury stock included in accrued liabilities
-	-	-22	-4,127	5,554	-649	2	299	2,137	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of intangible assets included in accrued liabilities
-	-	-	-	-	-	-	-	2,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of contingent consideration in connection with acquisition, included in accrued liabilities
-	282	371	-1,823	3,170	-	-	-	-	-	-	-	-	-	-30	170	2,360	2,001	1	1	25	-	-	-	-	-	-	7	169	7	-80	11	223	-	-	-	-
Lease assets obtained (relieved) and related operating lease liabilities
5,849	-	-	-	-3,503	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-