Marin software inc (MRIN)
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'12
Operating activities
Net loss

-3,971

-

-

-

-4,606

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-8,276

-9,112

-7,271

-7,549

-10,545

-6,126

-4,596

-3,053

-4,418

-4,413

-2,138

-9,504

-12,047

-9,660

-8,830

-9,245

-6,790

-8,306

-8,061

-8,193

-9,097

-10,501

-7,256

-6,648

-5,824

-6,754

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation

893

459

494

482

499

473

628

759

798

1,010

1,149

1,263

1,336

1,425

1,403

1,542

1,665

1,827

1,861

1,675

1,630

1,524

1,428

1,367

1,350

1,294

1,299

1,121

1,008

840

700

614

488

Amortization of internally developed software

864

1,142

1,057

955

750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of internally developed software

-

-

-

-

-

-

-

-

957

998

1,016

867

788

808

780

719

681

700

683

625

542

515

480

465

445

370

303

256

227

-

-

-

-

Amortization of intangible assets

95

346

468

468

532

598

598

651

690

699

700

721

730

730

730

794

826

826

826

836

646

485

484

162

0

-

-

-

-

-

-

-

-

Loss on disposals of property and equipment and right-of-use assets

-1

-13

1

0

-14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred costs to obtain and fulfill contracts

258

294

359

517

364

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred costs to obtain and fulfill contracts

-

-

-

-

-

-

-

-

605

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-3

2

-1

0

-10

-5

-4

0

-2

-14

0

-

-

-

-

-

-

-

-

Unrealized foreign currency losses (gains)

-24

4

37

4

11

106

-13

49

-24

-191

-283

-524

12

151

-76

351

-7

13

-26

-14

243

0

0

0

0

-

-

-

-

-

-

-

-

Non-cash interest expense related to debt agreements

-

-

-

-

-

-

-

-

-

0

2

7

6

9

5

6

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of internally developed software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

96

Noncash interest expense related to warrants issued in connection with debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

9

-

21

46

46

-185

53

73

310

-175

61

50

223

Stock-based compensation expense related to equity awards

446

564

653

762

685

1,038

875

1,030

1,028

1,021

923

918

1,842

1,703

1,831

2,939

3,822

3,579

3,606

4,939

3,495

2,889

2,915

1,941

1,497

1,266

1,418

1,309

1,225

-1,889

829

527

2,891

Provision for (recovery from) bad debts

-

-

-

-

-

-

-

-

-214

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Recovery from) provision for bad debts

-

-

-

-

-

-

-

-

-

-

-

-

416

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for bad debts

-144

-202

130

-357

180

-

-

-

-

-

-

-

-

-

484

173

195

434

467

209

100

272

262

120

167

71

174

30

84

22

47

87

140

Net change in operating leases

110

90

187

118

116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

130

-227

0

-80

517

27

-2,802

0

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based award activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6

0

1

8

23

38

134

-69

-

-

-

-

-

-

-

-

Payment of contingent consideration for prior acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

93

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other noncash expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-241

-18

-56

Changes in operating assets and liabilities:
Accounts receivable

-2,032

-442

-625

-928

-2,175

4,441

-1,335

-987

-1,451

44

48

-2,407

-2,439

-235

-1,883

-881

2,204

-400

2,653

707

26

-808

3,724

1,652

-7

1,106

1,706

268

-933

488

1,199

593

1,102

Prepaid expenses and other assets

-623

-219

484

-1,164

679

-215

-375

717

482

-747

-111

-249

1,417

109

-325

16

0

-2,325

-47

582

1,215

649

557

1,291

-488

-810

177

757

757

-281

538

696

-403

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

335

6

59

-2

147

-552

565

184

-44

-208

490

50

0

-16

29

-34

-11

71

Accounts payable

-380

87

3

-353

-424

654

126

-829

-48

998

-233

-410

-49

495

-1,029

1,606

-331

-524

425

-2,459

961

1,248

-385

200

324

-137

1,038

-1,322

496

-638

374

163

-107

Accrued expenses and other liabilities

-2,391

-873

954

862

-1,079

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54

-456

122

64

354

-725

-318

-1,124

1,645

-570

-491

-318

-873

2,375

764

-

-

-

-

Accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-620

927

401

200

-574

-1,058

-826

-1,547

323

-473

210

2,385

-169

-1,340

984

402

-1,569

1,105

-744

1,874

5

1,130

782

-190

730

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-621

-

2,667

1,535

602

7,090

-3,848

-5,972

-3,780

-4,262

-5,885

-6,934

-7,309

-

-

-

-

-

-

-

-

Net cash used in operating activities

-1,760

-1,584

761

1,303

-1,716

-2,204

-1,379

-4,474

-4,923

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,443

-6,190

-

-5,497

-5,274

-3,007

Investing activities
Purchases of property and equipment

0

512

6

40

46

6

380

102

98

110

92

90

169

53

537

350

267

367

2,758

3,117

2,342

2,589

1,323

623

782

1,164

925

1,942

992

810

1,842

1,518

1,337

Proceeds from disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

2

0

3

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalization of internally developed software

540

182

1,004

388

482

436

398

602

693

670

442

413

543

662

1,150

1,407

1,493

1,461

1,683

1,597

827

765

1,035

729

617

650

1,018

916

632

-

-

-

-

Proceeds from issuance of common stock in initial public offering, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-40

12,196

97,258

-

-

-

-

Proceeds from issuance of note payable, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-52

51

1,667

1,317

0

4,938

2,376

Capitalization of internally developed software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

303

Net cash used in investing activities

-540

3,573

-1,010

-428

-528

-437

-775

-704

-791

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,858

-1,624

-

-2,282

-2,049

-1,640

Financing activities
Payment of principal on finance lease liabilities

191

200

304

344

338

333

315

338

318

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of contingent consideration for prior acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of business, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

229

0

0

7,509

0

0

4,151

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-712

-

-1,687

-1,754

-1,760

-2,057

-4,441

-4,714

-10,678

-3,354

-2,358

-5,503

-1,399

-

-

-

-

-

-

-

-

Repayments of capital lease obligations

-

-

-

-

-

-

-

-

-

-

265

274

249

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-343

-646

-

-591

-1,447

-929

-739

-734

-780

-877

-885

-741

-481

-7,553

-323

-628

-462

-2,921

Repurchases of unvested shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2

13

1

5

1

8

24

30

15

-4,480

26

14

4,488

Employee taxes paid for withheld shares upon equity award settlement

57

19

105

99

91

128

27

84

26

392

41

15

156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of convertible, preferred stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,902

0

0

34,294

Proceeds from exercises of common stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

40

161

27

162

332

79

695

333

495

445

764

768

348

169

617

407

-

-

-

-

Proceeds from common stock purchase agreements and option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

1,232

644

Proceeds from employee stock purchase plan, net

17

-6

43

25

55

33

84

87

78

97

104

-25

136

71

162

46

384

-27

810

-176

361

346

330

379

347

-

-

-

-

-

-

-

-

Effect of foreign exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-94

285

-717

-

-

-

-

-

-

-

-

-

-

-

-

Effect of foreign exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-129

129

-

-

-

-

-

-

-

-

Net cash used in financing activities

-231

-86

-366

1,086

-374

-428

-258

-335

-266

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,390

91,764

-

-579

5,694

29,905

Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash

-19

-

-

-

-19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

51

-

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based award activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6

0

1

8

23

38

-4

69

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-269

-

89

-270

-100

-903

245

-927

-280

112

78

354

306

-

-

-

-

-

-

-

-

Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash

-

-

-

-

-

-118

-118

-543

419

-

-

-

181

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents and restricted cash

-2,550

1,967

-719

1,991

-2,637

-3,187

-2,530

-6,056

-5,561

-1,812

-3,173

-470

-1,421

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents and restricted cash
Cash and cash equivalents and restricted cash:
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-69

-306

169

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

-795

-1,089

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets obtained in exchange for lease liabilities:
Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,138

-11,328

-15,455

-

-8,165

-12,212

-8,273

-7,288

-8,884

5,089

83,950

14,550

-8,358

-1,629

25,258

Supplemental disclosure of non-cash investing and financing activities
Conversion of convertible preferred stock to common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

105,710

-

-

-

-

Acquisition of equipment through capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,963

200

1,004

-

-

-

-

Issuance of common stock under employee stock purchase plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

0

4,337

0

0

11,195

0

-

-

-

-

-

-

-

-

Conversion of warrant to purchase convertible preferred stock to common stock warrant

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

745

-

-

-

-

Purchases of property and equipment recorded in accounts payable and accrued expenses

0

-318

318

-31

31

8

-306

294

14

-663

673

8

12

-4

-15

20

4

-712

-629

314

1,027

1,264

-10

10

100

-

-

-

-

-

-

-

-

Unpaid deferred initial public offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-24

-2,232

2,281

-

-

-

-

Other receivables for stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

369

-

-

-

-