NUTANIX, INC. NTNX Cash Flow

Nutanix, inc. (NTNX)

CashFlow / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent
-217,564	-229,300	-194,338	-209,813	-122,763	-94,265	-87,369	-85,674	-62,631	-61,487	-66,132	-96,835	-76,369	-140,302	10,337	-46,820	-33,205	-38,545
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization
23,078	22,462	21,872	20,735	18,822	16,183	14,289	12,998	11,682	11,333	10,465	9,762	9,600	8,572	7,433	7,153	6,265	5,557
Stock-based compensation
85,615	81,426	73,407	94,832	72,565	65,925	55,396	44,946	42,011	35,515	37,805	50,351	52,607	90,728	4,676	5,044	4,950	5,386
Change in fair value of contingent consideration
0	0	0	-37	4	-799	948	584	-4,237	282	1,748	-296	286	186	-	-	-	-
Amortization of debt discount and issuance costs
7,763	7,635	7,511	7,387	7,267	7,148	7,031	6,916	738	0	-	-	-	-	-	-	-	-
Operating lease cost, net of accretion
7,868	6,671	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of convertible preferred stock warrant liability
-	-	-	-	-	-	-	-	-	-	0	0	0	21,133	-1,437	1,337	-2,675	771
Loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	0	0	0	-3,320	0	0	0	0
Other
339	-103	949	716	362	759	776	327	-10	-131	-163	-144	-274	-183	-316	-140	-1	328
Changes in operating assets and liabilities:
Accounts receivable, net
32,440	-30,592	1,030	-3,155	9,918	-23,497	63,966	14,817	7,816	-7,326	8,541	19,111	3,517	36,213	47,111	10,921	4,558	8,816
Deferred commissions
17,109	18,313	14,514	9,164	7,927	7,728	11,651	3,100	17,644	8,457	9,318	6,617	3,291	4,780	7,534	5,011	4,650	4,529
Prepaid expenses and other assets
7,086	-16,150	6,942	-11,400	12,683	3,812	32,041	2,501	2,516	316	-14,755	26,921	3,547	-840	3,039	2,509	-2,507	419
Accounts payable
-8,636	5,208	-4,953	10,907	6,262	1,292	-10,062	10,153	-10,056	-6,504	-11,188	21,126	6,290	5,052	23,536	4,483	-2,170	-5,864
Accrued compensation and benefits
24,871	-4,786	24,772	-11,428	20,751	-19,689	24,177	-14,089	25,009	-7,220	687	20,189	8,293	3,518	5,890	3,335	1,609	-125
Accrued expenses and other liabilities
6,746	-5,772	13,726	-12,151	-11,587	-7,442	35,442	-3,562	2,708	-293	-283	3,722	960	717	938	1,367	-4,277	763
Operating leases, net
-9,570	-3,469	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
81,310	65,230	71,782	58,403	78,059	70,273	91,318	61,765	69,156	39,788	36,715	28,477	28,166	51,206	8,361	44,815	40,676	40,533
Net cash provided by operating activities
-52,491	-26,163	-9,656	-36,490	38,490	49,824	22,736	13,292	46,414	10,098	6,876	-16,009	19,752	4,160	2,366	2,413	4,473	-5,616
Cash flows from investing activities:
Maturities of investments
127,939	171,441	128,200	162,967	154,187	143,409	149,593	62,941	49,007	35,920	24,614	18,342	21,250	19,950	35,522	26,328	25,060	15,225
Purchases of investments
95,162	321,474	143,563	157,515	87,300	79,766	230,640	302,675	123,994	59,108	86,105	38,870	30,102	87,448	20,605	54,194	17,480	14,066
Sales of investments
16,277	7,870	-	-	0	0	-	-	-	-	0	0	1,002	31,638	0	0	0	0
Purchases of property and equipment
21,248	18,203	23,637	22,432	42,551	29,832	16,283	14,096	14,028	17,965	12,384	13,181	12,701	11,915	8,875	13,398	10,379	9,642
Payments for business combinations, net of cash and restricted cash acquired
0	0	0	355	0	18,662	-565	22,792	0	0	0	0	0	184	0	0	0	0
Net cash provided by (used in) investing activities
27,806	-160,366	-39,000	-17,335	24,336	15,149	-96,765	-276,622	-89,015	-41,153	-73,875	-33,709	-20,551	-47,959	6,042	-41,264	-2,799	-8,483
Cash flows from financing activities:
Proceeds from sales of shares through employee equity incentive plans, net of repurchases
2,513	23,973	1,933	33,913	3,474	29,890	3,824	31,367	11,588	25,231	5,592	24,482	708	1,472	-	-	-	-
Payment of debt in conjunction with business combinations
0	0	0	0	0	991	268	1,428	0	0	0	0	0	7,124	0	0	0	0
Payment of issuance costs related to convertible senior notes
0	0	-	0	0	75	-	-	-	0	-	-	-	-	-	-	-	-
Payments of offering costs
-	-	-	-	-	-	0	0	0	85	108	0	-634	2,243	395	132	1,856	803
Proceeds from initial public offering, net of underwriting discounts and commissions
-	-	-	-	-	-	-	-	-	-	0	0	0	254,455	0	0	0	0
Proceeds from exercise of stock options, net of repurchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	680	1,298
Repayment of senior notes
-	-	-	-	-	-	-	-	-	-	0	0	0	75,000	0	0	0	0
Debt extinguishment costs
-	-	-	-	-	-	-	-	-	-	0	0	0	1,580	0	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	57	4	0	73	144	0	250	586
Net cash provided by financing activities
2,513	23,973	1,933	32,873	3,474	28,824	3,206	29,657	520,607	25,146	5,541	24,486	1,342	170,053	87	73,956	-926	1,081
Net increase in cash, cash equivalents and restricted cash
-22,172	-162,556	-46,723	-20,952	66,300	93,797	-70,823	-233,673	478,006	-5,909	-61,458	-25,232	543	126,254	8,495	35,105	748	-13,018
Supplemental disclosures of cash flow information:
Cash paid for income taxes
3,416	7,779	2,268	2,708	20,113	3,910	2,078	3,961	2,011	2,066	1,654	1,215	1,646	698	362	604	661	828
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	0	0	0	1,271	2,188	0	0	0
Supplemental disclosures of non-cash investing and financing information:
Issuance of common stock in connection with business combinations
0	0	0	327	0	102,978	0	63,780	0	0	0	0	0	27,063	0	0	0	0
Purchases of property and equipment included in accounts payable and accrued liabilities
1,797	12,200	-3,597	2,645	-6,691	15,717	4,159	4,612	-2,411	7,084	1,095	-2,487	1,950	5,033	2,075	-2,839	463	5,308
Vesting of early exercised stock options
0	0	26	37	50	70	111	135	186	249	321	373	421	499	547	663	946	1,049
Offering costs included in accounts payable
-	-	-	-	-	-	-	-	-	-	34	0	-316	367	-78	177	-969	1,772
Conversion of convertible preferred stock to common stock, net of issuance costs
-	-	-	-	-	-	-	-	-	-	0	0	0	310,379	0	0	0	0
Reclassification of convertible preferred stock warrant liability to additional paid-in capital
-	-	-	-	-	-	-	-	-	-	0	0	0	30,812	0	0	0	0