Mimecast limited (MIME)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15
Operating activities
Net loss

2,525

206

-921

-4,010

-1,930

458

-2,058

-3,471

-6,554

-2,593

-1,339

-1,900

-2,618

-3,370

303

244

-1,964

-1,199

2,168

-2,249

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization

8,834

8,431

7,538

7,442

7,910

7,763

7,354

6,926

6,382

4,719

4,250

3,609

3,178

3,042

2,897

2,764

2,585

2,735

2,671

2,536

Share-based compensation expense

9,871

9,701

9,938

10,034

7,468

7,196

6,109

5,181

3,036

3,142

2,910

2,646

2,345

3,641

2,265

2,043

1,957

3,950

1,136

843

Amortization of deferred contract costs

2,709

2,502

2,260

2,116

1,860

1,651

1,493

1,386

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

115

115

114

157

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of operating lease right-of-use assets

7,832

8,381

8,050

7,677

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

33

30

20

54

12

0

25

Other non-cash items

48

-65

29

42

35

-7

353

19

-173

-33

-75

-84

-194

30

11

25

25

27

27

27

Loss (gain) on disposal of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

7

-2

-15

15

8

-3

Excess tax benefits related to exercise of share options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

466

-

-150

-63

289

Unrealized currency losses on foreign denominated transactions

-2,063

633

-993

856

-697

-682

388

111

-1,531

-629

-415

-383

203

-14

2,490

3,817

2,580

1,165

610

-3,367

Changes in assets and liabilities:
Accounts receivable

21,754

7,468

3,172

-11,927

15,805

5,423

3,622

-6,079

10,484

7,132

4,748

-4,429

5,625

6,820

1,346

-2,128

4,295

3,250

4,224

-1,949

Prepaid expenses and other current assets

1,795

-4,512

2,765

-8,856

2,676

2,652

-1,713

-1,569

4,410

-1,147

2,210

-436

3,261

828

159

-1,496

1,920

1,054

741

-1,524

Deferred contract costs

6,227

6,284

5,434

4,806

6,625

5,823

3,936

3,835

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-819

687

655

638

731

106

1,110

98

9

-9

-39

6

-

-

-

-

421

-151

359

-192

Accounts payable

2,760

-621

2,884

-808

-367

-511

2,863

108

-864

-733

217

1,276

-1,693

22

436

1,993

-282

186

102

-548

Deferred revenue

22,769

13,040

1,353

1,295

25,327

13,928

4,125

2,521

19,325

12,272

5,201

2,244

13,868

9,453

3,301

2,450

8,629

6,098

2,709

1,152

Operating lease liabilities

-7,972

-7,861

-4,963

-5,145

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

2,547

-4,116

2,492

-4,675

3,138

1,518

156

398

4,949

1,165

2,519

-1,563

2,025

609

1,813

425

3,520

669

1,204

-721

Net cash provided by operating activities

25,048

19,283

17,683

28,524

18,328

18,804

12,469

16,634

14,787

12,653

7,334

11,638

9,897

5,829

7,481

9,307

5,399

7,295

4,138

7,811

Investing activities
Purchases of strategic investments

0

0

0

3,025

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investments

-

-

-

-

-

-

-

-

28,959

23,468

8,990

15,531

-

-

-

-

-

-

-

-

Maturities of investments

0

8,000

14,000

14,000

7,000

18,500

23,500

17,000

23,000

16,308

23,000

15,500

-

-

-

-

-

-

-

-

Purchases of property, equipment and capitalized software

12,951

17,417

13,705

9,161

4,916

8,036

8,268

7,575

12,909

8,186

5,673

7,730

5,134

3,628

4,143

5,586

3,459

3,373

2,633

4,769

Net cash used in investing activities

-37,101

-30,547

295

1,814

-26,592

-3,492

-100,665

9,425

-18,868

-16,727

8,337

-7,761

-8,170

-66,716

-4,143

-5,586

-3,459

-3,373

-2,633

-4,769

Proceeds from issuance of ordinary shares

5,708

8,913

1,937

8,870

11,580

4,195

3,307

5,904

7,608

3,084

2,991

3,445

2,513

402

547

1,014

247

177

47

414

Withholding taxes related to net share settlement of ESPP purchases and vesting of RSUs

920

22

397

1,137

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits related to exercise of share options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

466

-

-150

-63

289

Payments on debt

1,250

1,250

1,250

625

-

-

-

-

194

553

545

533

930

1,139

1,197

1,293

1,292

1,361

1,386

1,373

Payments on finance lease obligations

171

255

252

166

590

243

239

203

-

-

-

-

-

-

-

-

-

-

-

-

Payments on construction financing lease obligations

-

-

-

-

654

807

427

413

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

3,367

7,386

38

6,942

9,413

2,520

99,764

5,288

5,683

2,304

2,257

2,912

1,334

-737

-1,116

187

-1,225

68,680

-2,984

-670

Effect of foreign exchange rates on cash

-7,219

2,569

-1,656

-44

743

-1,029

-217

-2,156

747

832

11

881

396

-1,015

-379

-1,390

-546

-682

-980

1,248

Net increase in cash and cash equivalents

-15,905

-1,309

16,360

37,236

1,892

16,803

11,351

29,191

2,349

-938

17,939

7,670

3,457

-62,639

1,843

2,518

169

71,920

-2,459

3,620

Supplemental disclosure of cash flow information
Cash paid during the period for interest

870

1,095

1,074

1,075

2,731

513

837

517

437

73

60

21

11

49

74

77

90

117

131

150

Cash paid during the period for income taxes

1,189

240

987

73

1,636

340

997

37

1,102

3

1,335

105

1,003

4

958

81

13

26

0

19

Supplemental disclosure of non-cash investing and financing activities
Unpaid purchases of property, equipment and capitalized software

1,829

110

6,207

5,086

2,452

1,025

2,989

1,168

-3,202

6,587

1,641

2,951

-1,220

1,432

-1,661

2,297

-644

-50

-48

1,050

Property and equipment acquired under capital lease

-

-

-

-

-

-

-

-

166

0

725

3,109

-

-

-

-

-

-

-

-

Unpaid purchases of capitalized software licenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-955

-113

1,230

Operating lease right-of-use assets exchanged for lease obligations

6,025

1,166

5,596

1,195

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-