Liveperson, inc. (LPSN)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
OPERATING ACTIVITIES:
Net loss

-37,001

-27,322

-25,872

-23,987

-18,890

-6,465

-7,043

-8,321

-3,203

-3,672

-1,310

-7,533

-5,676

-9,565

-5,879

-7,766

-2,663

-20,957

1,925

-5,354

-2,058

-4,202

-1,140

-1,212

-794

-708

-730

-1,829

-232

1,492

1,600

140

3,123

3,876

2,734

2,197

3,231

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Stock-based compensation expense

14,700

18,600

9,000

9,300

7,200

4,462

4,038

3,862

2,438

2,841

1,843

2,347

1,913

2,136

2,255

3,026

2,319

3,021

2,887

3,112

2,794

2,748

3,654

3,207

2,697

2,759

3,797

2,901

3,051

3,069

2,852

2,639

2,155

1,820

1,737

1,679

1,535

Depreciation and amortization

5,538

4,595

4,162

3,762

3,881

3,857

3,557

3,428

3,358

3,383

3,179

3,045

2,793

2,566

2,651

3,627

3,167

3,515

2,939

3,082

2,578

2,512

2,344

2,234

1,981

2,040

2,002

1,998

2,050

2,159

1,841

1,701

1,628

1,634

1,704

1,591

1,634

Amortization of tenant allowance

129

129

129

129

129

122

121

41

42

41

42

41

42

180

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of purchased intangibles

689

-

-

-

746

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization

-

-

-

-

-

-

700

689

711

-

1,108

1,429

1,431

1,628

1,710

1,714

1,621

1,918

1,922

2,000

2,200

1,629

1,328

1,075

1,058

1,068

691

466

418

286

141

76

77

76

318

317

318

Amortization of debt issuance costs

298

293

287

260

116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of debt discount on convertible senior notes

2,368

2,327

2,288

2,263

727

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in fair value of contingent consideration

-263

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

615

589

632

436

502

462

464

366

496

532

405

507

451

591

533

322

385

673

651

634

403

747

117

708

271

457

0

0

0

0

0

0

20

60

110

60

60

Deferred income taxes

212

-1,405

84

62

52

-488

138

25

16

-3,220

836

8

-21

-2,015

19

325

-181

-10,353

-2,989

-1,934

820

2,803

-409

-582

-76

6,577

-526

-1,526

352

-1,546

-585

-108

-632

287

-243

-35

220

Changes in operating assets and liabilities:
Accounts receivable

-24,112

34,423

2,951

620

5,763

-5,465

14,082

-7,422

8,467

6,279

7,730

-3,325

-2,686

2,925

1,372

-1,237

205

-1,382

837

-2,696

4,609

-2,983

-893

5,278

-48

-2,765

5,864

733

798

-1,182

3,234

1,811

-3,199

1,364

2,058

-1,799

3,175

Prepaid expenses and other current assets

1,878

-14,480

6,488

8,852

3,852

1,623

1,839

3,690

5,841

-11,518

-1,616

1,316

2,548

-5,472

-1,135

-67

2,829

-2,002

-1,624

358

2,544

-334

-209

669

3,930

-2,291

-1

-1,076

2,600

-531

-303

1,089

831

1,415

-836

79

-1,323

Contract acquisition costs noncurrent

2,445

-

-

-

2,825

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Security deposits

8

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

-184

-

-

-

-

Other assets

-1

-114

-25

54

115

-111

31

166

21

113

-106

31

0

-228

26

-78

84

-45

-101

1

15

-76

-144

66

-460

-88

1

-56

-24

-

-

-

0

-406

0

0

-116

Deferred implementation costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

-20

-

17

41

8

Accounts payable

-3,412

4,227

-1

326

-744

1,628

537

206

-172

1,609

-471

-2,764

-1,117

1,589

-348

-1,142

86

578

-4,311

458

1,359

720

-548

-2,814

1,114

863

1,685

-3,658

-1,550

1,791

-167

-695

1,991

981

-382

-379

1,231

Accrued expenses and other current liabilities

2,987

-3,582

3,814

6,818

-17,932

8,644

-78

1,011

-9,782

10,792

250

5,794

-8,998

4,672

3,411

3,505

-8,606

3,898

2,811

1,529

-7,045

-3,797

4,660

3,541

-3,828

3,844

1,425

3,133

-1,580

1,533

-52

2,033

140

2,092

242

901

-3,024

Deferred tax liability

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-2,473

16,011

3,110

3,682

11,150

-3,376

8,438

-5,978

19,921

-131

-928

3,535

5,942

690

-3,000

7,562

8,031

3,566

-2,048

2,127

-1,776

-2,293

6,929

-340

-1,586

1,152

515

-474

220

-115

698

-248

923

-402

549

-758

1,058

Increase in operating lease liabilities

390

-

-

-

81

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-3

-423

36

40

138

256

176

-129

-89

18

-708

161

84

-3,181

699

57

1,109

238

2,037

-98

361

-46

-104

49

-414

-132

-26

-75

-11

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

4,293

-18,714

-11,532

-3,221

-25,691

11,887

-5,101

-1,330

-677

6,772

-1,846

8,466

-3,102

8,010

1,788

12,612

2,150

10,966

10,535

7,910

-7,580

742

18,077

-147

-2,999

13,310

2,969

1,335

-656

10,343

3,399

2,638

11,629

7,627

5,637

7,291

4,519

INVESTING ACTIVITIES:
Purchases of property and equipment, including capitalized software

10,805

14,023

12,177

13,047

8,335

8,106

4,168

5,069

4,595

5,214

5,165

4,282

2,729

3,093

2,605

2,117

4,529

1,933

2,605

6,659

1,783

3,945

2,322

2,866

1,456

1,406

1,977

2,997

1,664

4,302

3,949

1,240

1,730

1,112

1,859

2,004

2,293

Payments for acquisitions and intangible assets, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80

0

0

50

-

-

-

-

-

-

-

-

Cash held as collateral

-

-

-

-

-

-

-

-

-1,235

0

-2,306

-222

17

-4

5

-8

-1,440

9

-64

5,464

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for intangible assets

225

-

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

277

0

3,174

0

0

0

0

-10,798

0

10,798

0

-

-

-

-

Payments for acquisitions and intangible assets, net of cash acquired

-

-

-

-

-

-

1,110

129

263

-

106

141

98

-

411

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for acquisitions and intangible assets, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,327

125

-

0

0

0

-

-

-

-

0

0

0

75

Net cash used in investing activities

-11,030

-14,252

-12,579

-13,338

-8,337

-13,890

-5,062

-5,198

-3,623

-5,310

-2,965

-4,201

-2,844

-3,233

-3,021

-2,109

-3,089

-1,942

-2,541

-12,273

-1,783

-42,364

-2,599

-5,193

-4,755

-1,407

-1,977

-3,076

-1,714

-12,767

-3,949

-13,015

-1,730

-1,112

-1,859

-2,004

-2,368

FINANCING ACTIVITIES:
Repurchase of common stock

0

194

0

0

709

0

0

0

1,345

1

-40

805

976

4,194

1,202

1,367

3,204

0

1,668

476

2,058

0

817

4,322

7,841

-1

190

19,098

7,428

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock in connection with the exercise of options and ESPP

3,098

3,299

6,808

3,755

7,198

2,559

7,045

19,718

5,949

1,203

5,160

2,128

460

2,061

183

420

235

643

653

821

2,284

3,205

2,187

944

2,978

2,576

1,419

971

1,347

849

1,984

2,464

4,109

3,394

1,808

1,662

3,416

Excess tax benefit from the exercise of employee stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

39

6

751

664

0

0

0

-

-

-

-

1,497

1,451

548

608

2,554

902

325

220

Proceeds from issuance of convertible senior notes

0

0

0

0

230,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of issuance costs in connection with convertible senior notes

0

17

1,031

258

7,329

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment for Contingent Consideration Liability, Financing Activities

0

0

0

13

487

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of capped call option

0

0

0

0

23,184

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

3,098

3,088

5,777

3,497

205,489

2,559

7,045

19,718

4,604

1,202

5,200

1,323

-516

-2,133

-1,019

-947

-2,969

127

-3,342

351

977

4,369

870

-3,378

-4,863

2,635

1,229

-17,992

-6,081

2,346

3,435

3,012

4,717

5,948

2,710

1,987

3,636

EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

-1,405

1,248

-1,240

2

-123

-458

-278

-923

1,061

-910

-393

1,018

3,332

-3,160

1,331

-1,786

-339

-1,192

-847

215

-150

-486

-471

579

84

-11

206

-148

-55

133

-177

52

-5

-47

-4

-15

-4

CHANGE IN CASH AND CASH EQUIVALENTS

-5,044

-28,630

-19,574

-13,060

171,338

98

-3,396

12,267

1,365

1,754

-4

6,606

-3,130

-516

-921

7,770

-4,247

7,959

3,805

-3,797

-8,536

-37,739

15,877

-8,139

-12,533

14,527

2,427

-19,881

-8,506

55

2,708

-7,313

14,611

12,416

6,484

7,259

5,783

SUPPLEMENTAL DISCLOSURE OF OTHER CASH FLOW INFORMATION:
Cash paid for income taxes

1,337

1,178

520

1,268

338

-380

-29

5,000

553

1,011

-119

659

0

-204

-295

459

464

385

375

539

583

2,204

339

806

1,037

1,012

33

84

34

-

-

-

-

-

-

-

-

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Purchase of property and equipment recorded in accounts payable

1,408

-496

833

663

198

-360

-224

482

292

429

466

-641

682

2,444

-134

-100

287

1,649

-303

-1,644

2,224

-876

1,433

-767

1,174

80

576

-1,504

1,648

-

-

-

-

-

-

-

-

Issuance of 11,508 shares of common stock as earnout payment in connection with AdvantageTec Inc.

294

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of 11,508 shares of common stock as earnout payment in connection with AdvantageTec, Inc. (shares)

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of 991,905 shares of common stock to settle cash awards

24,656

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of 991,905 shares to settle bonus cash payment (shares)

991

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right of use asset

1,119

-

-

-

12,807

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities- short-term and long term

669

-

-

-

-16,782

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt offering costs, accrued but not paid

0

-

-1,030

-258

1,306

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent earn-out in connection with acquisitions recorded in accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash or Part Noncash Acquisition, Costs

-

-

-

-

-

-

-

-

1,000

-

-

0

0

-

-37

-8

152

-

0

0

0

-

-125

-125

375

-

0

0

0

-

-

-

-

-

-

-

-