LOGMEIN, INC. LOGM Cash Flow

Logmein, inc. (LOGM)

CashFlow / TTM

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)
-16,801	-14,555	14,935	22,544	35,620	74,371	142,304	139,507	147,799	99,523	8,064	-2,513	-14,853	2,638	7,011	13,231	13,113	14,558	11,636	8,381	7,323	7,955	4,183	1,819	-871	-7,682	-5,026	-4,252	-2,317	3,566	3,385	3,795	5,902	5,761	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation
70,036	68,206	67,759	65,836	64,799	65,734	66,857	69,934	69,064	67,292	60,278	50,512	43,952	38,350	34,591	32,260	30,238	26,499	25,583	25,185	24,184	24,769	23,240	21,583	19,987	19,714	19,280	19,000	16,972	14,792	12,795	11,001	10,163	8,925	0	0	0
Depreciation and amortization
297,897	304,596	306,245	307,043	305,725	301,071	285,741	269,096	252,327	221,321	164,190	109,387	56,345	21,505	20,542	18,468	16,265	13,698	12,088	11,572	11,542	11,137	10,333	9,607	8,472	7,704	7,304	6,847	6,421	6,100	5,573	5,177	4,780	4,403	0	0	0
Gain on disposition of assets, excluding transaction costs
-	-	-	-	-	36,281	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premium on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-446	-448	-398	-328	-285	-239	-228	-224	-237	-243	-247	-198	-161	-108	-57	-54	-46	-61	-85	-134	0	0	0
Change in fair value of contingent consideration liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	273	253	234	187	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for bad debts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	49	61	61	102	108	87	102	96	107	122	116	94	86	105	100	117	110	93	85	0	0	0
Benefit from deferred income taxes
-33,828	-35,698	-57,495	-58,212	-59,754	-57,456	-143,234	-146,384	-149,728	-156,831	0	0	0	-	-	-	-	-	-	-	-	-2,707	1,238	996	1,135	926	1,155	-633	-1,782	-831	-76	2,457	4,813	3,793	0	0	0
Excess tax benefits realized from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Other, net
-1,960	-1,776	-1,763	-1,917	-1,644	-1,771	-1,942	-1,685	-2,491	-2,266	-2,879	-2,652	-1,526	-1,275	25	-2	29	12	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on disposal of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	0	0	-	0	0	0
Changes in assets and liabilities, excluding effect of acquisitions:
Accounts receivable
20,531	13,521	-4,058	10,869	-3,955	-7,751	-6,163	-6,115	9,925	16,618	16,615	11,779	8,140	10,214	-214	-292	1,754	-2,224	5,697	4,885	2,292	5,804	-285	724	-548	-302	824	1,311	5,225	4,471	4,253	1,006	917	4,088	0	0	0
Prepaid expenses and other current assets
32,428	12,998	27,560	16,849	15,555	13,671	9,738	2,278	11,154	22,819	-2,941	4,284	-3,196	-5,996	1,473	2,609	-1,799	2,794	-378	-340	5,953	-1,822	-592	607	1,049	2,986	5,185	3,944	3,513	1,070	689	514	380	-494	0	0	0
Other assets
24,735	27,147	24,153	22,208	20,503	16,596	12,252	6,521	1,286	-1,569	-1,293	-697	-1,663	-1,490	-1,016	-288	733	454	117	-473	-580	-476	1,383	1,760	1,792	3,764	3,376	3,113	3,037	1,308	-12	40	332	215	0	0	0
Accounts payable
-485	17,464	18,980	15,108	10,802	11,104	-1,583	-4,695	755	-5,004	11,598	14,820	8,324	6,149	3,104	-438	-711	1,420	4,164	5,675	6,578	1,727	532	609	-2,113	-2,233	-638	14	2,171	1,552	2,240	2,270	-595	3,787	0	0	0
Accrued liabilities
22,137	37,884	29,844	20,076	26,349	26,811	-119	271	-5,370	15,354	40,763	46,055	51,387	8,353	9,286	6,402	-4,104	2,288	2,805	6,789	17,405	9,234	5,972	133	-6,167	3,457	2,628	5,615	10,674	5,854	3,323	2,585	1,002	-531	0	0	0
Deferred revenue
53,753	29,047	25,049	29,882	20,551	35,416	45,932	69,068	87,392	93,036	76,668	60,632	44,938	26,953	19,444	20,606	27,734	28,874	38,088	34,930	32,109	23,983	24,615	29,835	29,438	14,493	14,977	14,873	12,922	10,960	10,874	11,269	13,147	15,471	0	0	0
Other long-term liabilities
8,210	1,782	-3,627	-4,256	-3,917	4,014	18,069	21,097	18,216	17,108	-2,036	-1,896	-1,368	-409	6,464	5,253	4,756	2,698	1,649	1,781	1,269	1,597	1,143	687	314	-208	-45	-1,645	-1,292	-418	-112	1,885	1,464	739	0	0	0
Net cash provided by (used in) operating activities
329,198	360,849	359,543	350,204	369,716	404,039	363,801	380,614	364,300	316,197	291,485	221,106	160,185	92,315	97,846	91,199	83,792	85,770	87,281	87,316	89,758	74,153	71,095	62,511	48,278	30,020	23,881	25,021	26,508	28,257	31,016	35,194	32,340	32,871	0	0	0
Cash flows from investing activities
Purchases of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	35,609	70,774	66,738	86,123	92,335	102,539	132,528	110,353	95,342	74,969	49,979	44,983	90,376	80,366	120,479	130,471	135,085	135,097	139,979	174,981	150,066	0	0	0
Proceeds from sale or disposal or maturity of marketable securities
-	-	-	-	-	-	-	-	-	55,598	56,359	64,609	77,259	64,756	85,000	81,292	100,792	107,042	117,087	132,045	110,045	95,045	75,000	50,000	45,000	90,000	80,000	120,000	130,000	130,000	125,000	130,000	165,000	145,000	0	0	0
Purchases of property and equipment
31,652	35,438	39,188	39,417	35,903	30,965	34,903	40,460	40,190	36,635	24,708	15,007	13,333	14,015	15,926	16,462	14,694	14,219	12,696	9,692	9,592	7,471	6,976	8,830	10,563	10,938	10,749	9,448	6,092	5,277	4,256	2,512	2,543	2,322	0	0	0
Intangible asset additions
41,193	39,789	37,502	35,102	36,038	34,219	33,951	33,859	30,771	29,706	22,415	14,553	7,198	1,559	977	1,206	1,749	2,375	3,197	3,091	3,041	2,529	13,709	13,468	13,026	13,061	1,378	1,397	1,481	1,049	889	774	392	346	0	0	0
Cash paid for acquisitions, net of cash acquired
-	22,463	0	0	0	-	-	-	-	22,348	25,182	-18,193	-18,193	6,083	0	0	0	-	-	-	-	22,449	0	0	0	-	-	-	-	14,831	0	0	0	-	-	-	-
Restricted cash acquired through acquisitions
-	-	-	-	-	-	-	-	-	1,181	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposition of assets
-	-	-	-	-	42,394	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-65,345	-90,190	-91,653	-95,703	-436,476	-364,862	-357,532	-397,080	-45,521	-31,910	-14,928	50,154	54,139	7,490	-110,343	-109,242	-107,998	-107,974	146	-28,328	-28,202	-32,942	-43,420	-30,029	-30,999	-24,368	-12,369	-11,199	-11,602	-29,800	-33,633	-41,656	-37,749	-17,760	0	0	0
Cash flows from financing activities
Decrease (increase) in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	-1,508	-1,412	-1,488	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	26	0	0	0
Repayments under credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	30,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock upon option exercises
0	-	0	0	0	-	0	0	2,089	-	8,673	11,703	15,113	11,753	11,986	10,914	10,069	17,794	19,859	19,573	20,672	17,595	14,255	13,837	9,497	3,798	2,616	936	2,281	2,682	5,570	5,787	5,564	6,207	0	0	0
Excess tax benefits realized from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	2,632	4,084	5,658	6,634	0	0	0	-	-	-	-
Payments of withholding taxes in connection with restricted stock unit vesting
14,262	20,114	19,595	20,339	29,176	30,617	31,775	32,973	36,083	34,474	33,202	35,283	19,951	14,445	13,925	13,373	12,114	11,641	11,624	9,094	6,507	5,766	5,578	4,474	2,499	1,834	0	0	0	-	-	-	-	-	-	-	-
Payment of debt issuance costs
-	-	-	-	-	-	-	-	-	2,032	1,990	1,990	1,874	346	360	563	577	988	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent consideration
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	226	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on common stock
-	64,600	64,036	63,522	62,962	62,200	60,083	57,741	55,258	52,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	208,504	226,102	256,273	254,310	247,144	208,384	154,717	108,665	69,229	53,657	35,659	24,479	25,381	26,157	22,695	21,393	18,090	25,190	44,283	36,655	36,500	36,275	22,867	26,454	30,525	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-214,642	-289,828	-311,459	-339,102	-142,658	-136,132	-96,271	-43,260	-228,125	-181,493	-165,093	-153,194	-87,500	-79,448	-1,158	22,026	31,228	49,592	-17,565	-34,421	-23,009	-24,288	-28,218	-13,593	-19,568	-28,648	-16,692	-10,592	-1,365	9,227	12,346	12,198	12,452	12,094	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-4,713	-1,435	-4,851	-2,664	-10,804	-6,762	-4,477	-2,371	8,186	8,080	3,398	2,342	-2,241	-2,633	-157	-243	2,009	-5,205	-5,791	-9,253	-10,123	-5,220	-2,100	861	1,278	321	-839	-595	-1,166	644	-120	-1,296	-751	-881	0	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash
44,498	-20,604	-48,420	-87,265	-220,222	-103,717	-94,479	-62,097	98,840	110,874	114,862	120,408	124,583	17,724	-13,812	3,740	9,031	22,183	64,071	15,314	28,424	11,703	-2,643	19,750	-1,011	-22,675	-6,019	2,634	12,373	8,328	9,608	4,440	6,291	26,324	0	0	0
Supplemental disclosure of cash flow information
Cash paid for interest
7,117	6,318	0	0	0	-	-	-	-	201	375	591	743	937	1,335	1,119	872	574	2	2	2	2	0	0	0	-	-	-	-	-	0	0	1	1	0	0	0
Cash paid (refunds received) from income taxes
38,355	18,585	37,844	38,751	43,193	48,244	52,148	56,602	59,425	55,730	0	0	0	-	-	-	0	-	-	2,015	2,385	1,489	2,575	4,375	6,153	10,094	9,427	7,708	5,799	1,802	823	561	395	356	0	0	0
Noncash investing and financing activities
Debt issuance costs included in accounts payable and accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase consideration of the GoTo Business paid in equity
-	-	-	-	-	-	-	-	-	2,921,179	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of property and equipment through capital lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment included in accounts payable and accrued liabilities
8,152	7,949	8,243	9,876	14,156	9,109	2,020	3,922	4,011	3,522	7,139	2,296	678	1,023	1,766	5,143	4,458	3,145	2,275	1,566	883	1,032	1,953	682	1,275	1,510	409	1,385	1,597	742	1,445	1,300	981	671	0	0	0
Withholding taxes in connection with restricted stock unit vesting in accrued liabilities
-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of treasury stock included in accrued liabilities
-	-	756	780	5,206	1,789	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of intangible assets included in accrued liabilities
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of contingent consideration in connection with acquisition, included in accrued liabilities
-	2,000	0	0	0	-	-	-	-	-	-	-	-	-	4,501	4,532	4,363	2,028	0	0	0	-	-	-	-	-	-	102	106	161	0	0	0	-	-	-	-
Lease assets obtained (relieved) and related operating lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-