Marchex inc (MCHX)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating Activities:
Net loss

-4,042

-2,678

-6,087

-

-

-

-

-

-

-

-

Net loss

-

-

-

-84,066

26,721

-19,090

1,817

-35,196

2,959

-3,043

-2,062

Adjustments to reconcile net loss to net cash used in operating activities:
Amortization and depreciation

8,167

2,598

2,791

3,194

3,661

4,105

6,683

8,457

9,473

7,694

11,704

Leasehold improvement incentive

-

-

-

-

-

-

-

-

-204

-779

-

Impairment of goodwill

-

-

-

63,305

-

-

-

16,739

-

-

-

Acquisition and disposition related costs

-

-

-

-

-

-

62

132

-372

-

-

Loss on disposal of fixed assets

-

-

-

-

-

-

-7

-

4

2

9

Gain on sale of discontinued operations

-

-

-

-

22,195

422

1,492

-

-

-

-

Gain on sales and disposals of intangible assets, net

-

-

-

-

-

-

3,774

6,296

9,421

6,772

4,712

Gain on sale of Archeo assets

-

-

-

-

1,496

-

-

-

-

-

-

Allowance for doubtful accounts and advertiser credits

428

399

226

1,682

321

1,528

1,722

1,780

1,203

1,348

975

Deferred income taxes

-1,733

-185

-

-

-

24,390

1,968

16,586

1,895

2,004

4,232

Acquisition and disposition related costs

-

-

-

-

-

68

-

-

-

-

-

Loss on disposals of fixed assets and intangible assets, net

-

-

-

-5

-

-

-

-

-

-

-

Accretion of interest and other expense

-

-

-

-

-

-

-

362

519

-

-

Stock-based compensation

3,147

3,040

4,597

10,183

10,025

11,903

9,264

15,696

15,143

10,832

9,597

Acquisition-related costs (benefit)

-1,082

50

-

-

-

-

-

-

-

-

-

Excess tax benefit related to stock-based compensation

-

-

-

-

-

-

-

308

1,032

36

69

Change in certain assets and liabilities:
Accounts receivable, net

1,910

-254

-3,836

-4,017

-999

-2,536

5,732

-2,948

6,965

6,778

-5,975

Refundable taxes

-

-

-

-

-

34

-167

100

-4,006

-1,631

3,678

Prepaid expenses, other current assets and other assets

-1,007

-76

-48

-274

-699

104

338

-1,884

1,618

988

-327

Accounts payable

1,149

618

-1,963

-2,611

-4,085

-2,199

3,513

-550

-1,542

2,486

-3,659

Accrued expenses and other current liabilities

807

-211

-1,763

1,219

-1,008

-480

-39

-1,704

1,195

-320

-1,267

Deferred revenue and deposits

-724

1,087

-36

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-343

-433

729

-49

79

210

-307

-236

Other non-current liabilities

-120

3

43

-528

-456

-375

-59

-344

185

860

29

Net cash provided by (used in) operating activities

5,094

5,051

1,692

-3,669

12,753

22,419

13,596

19,901

16,782

9,388

17,147

Investing Activities:
Purchases of property and equipment

1,673

1,651

1,562

986

4,107

3,265

3,041

2,879

3,971

3,441

2,383

Purchases of intangible assets and changes in other non-current assets

89

577

-

-

-

-

-

-

-

-

-

Purchases of intangible assets and other assets

-

-

15

-

-

-

-

-

-

-

-

Cash paid for acquisitions, net of cash acquired

7,921

34,335

-

-

-

-

-

-

15,801

-

-

Proceeds from sales of property and equipment

-

-

-

-

-

-

9

-

9

1

9

Proceeds from sales of intangible assets

-

-

-

-

-

-

3,775

6,319

9,474

6,779

4,921

Purchases of intangible assets

-

-

-

14

51

217

154

120

103

116

12

Proceeds from sale of discontinued operations, net

-

-

-

-

25,249

304

1,058

-

-

-

-

Proceeds from (cash paid for) sale of Archeo assets, net

-

-

-

-224

731

-

-

-

-

-

-

Net cash used in investing activities

-9,683

-36,563

-1,577

-1,224

21,822

-3,178

1,647

3,320

-10,392

3,223

2,535

Financing Activities:
Capital lease obligation principal payments

-

-

-

-

-

-

-

-

-

6

39

Excess tax benefit related to stock-based compensation

-

-

-

-

-

-

-

308

1,032

36

69

Proceeds from offering, net of costs

-

-

-

-

-

32,527

-

-

-

-

-

Tax withholding related to restricted stock awards

-

-

-

297

284

1,080

3,150

-

-

-

-

Tax withholding related to restricted stock awards

-

-

-

-

-

-

-

226

-

-

-

Repurchase of Class B common stock for treasury stock

-

5,673

-

365

3,822

2,486

119

1,651

6,159

6,534

10,721

Common stock dividends payments

-

21,911

-

-

1,685

3,330

-

9,376

2,938

2,816

2,902

Proceeds from exercises of stock option and vesting of restricted stock units

-

-

-

-

-

-

-

27

-

-

-

Proceeds from exercises of stock option

-

-

-

-

-

-

-

-

1,754

372

80

Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net

1,885

136

125

350

339

4,248

3,008

8

10

-

-

Proceeds from issuance of restricted stock to employees, net of repurchases of forfeited unvested restricted stock

-

-

-

-

-

-

-

-

-

10

12

Deferred acquisition payments

-

-

-

-

-

-

-

33,860

-

-

-

Proceeds from employee stock purchase plan

-

-

-

-

-

-

-

36

26

17

39

Net cash provided by financing activities

1,885

-27,448

125

-312

-5,452

29,879

-261

-44,734

-6,275

-8,921

-13,462

Net increase (decrease) in cash and cash equivalents

-2,704

-58,960

240

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-5,205

29,123

49,120

14,982

-21,513

115

3,690

6,220

Supplemental disclosure of cash flow information:
Cash received (paid) during the period for income taxes, net of refunds

31

-49

16

-24

-28

70

19

117

-2,994

-4,336

-2,107

Cash received during the period for interest, net

779

1,074

297

-37

-55

-

-

-

-

-

-

Cash paid for operating leases

1,693

1,405

-

-

-

-

-

-

-

-

-

Cash paid during the period for interest accretion on deferred payment

-

-

-

-

-

-

-

881

-

-

-

Cash paid during the period for interest, net

-

-

-

-

-

74

80

62

-63

77

-

Supplemental disclosure of non-cash investing and financing activities:
Deferred issuance of Class B common stock in connection with acquisition

3,803

10,017

-

-

-

-

-

-

-

-

-

Issuance of deferred Class B common stock in connection with prior deferred issuance from acquisition

8

-

-

-

-

-

-

-

-

-

-

Common stock cash dividends declared and not paid

-

-

21,907

-

-

-

-

-

-

-

-

Leasehold improvement incentive recorded in other current/non-current assets and other non-current liabilities

-

113

553

-

-

-

-

-

-

-

-

Cash paid (received) during the period for interest, net

-

-

-

-

-

-

-

-

-

-

-69

Fair value of Class B common stock issued in connection with acquisition

-

-

-

-

-

-

-

-

7,603

-

-

Deferred payments related to acquisition

-

-

-

-

-

-

-

835

34,695

-

-

Property and equipment acquired in accounts payable and accrued expenses

45

33

88

-

195

157

167

239

121

54

801

Acquisition-related liabilities not paid

1,016

1,509

-

-

-

-

-

-

-

-

-

Retirement of treasury stock

-

5,650

-

-

-

-

-

-

-

-

-

Tax withholding related to restricted stock awards in accrued expenses

-

-

-

-

-

-

-

1,384

-

-

-

Leasehold improvement incentive recorded in other current assets and other non-current liabilities

-

-

-

-

-

-

-

-

-

211

779