Pandora media, inc. (P)
CashFlow / Quarterly
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Oct'13Sep'13Jul'13Jun'13Apr'13Mar'13Jan'13Dec'12Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11
Operating activities
Net loss

-63,666

-91,982

-131,705

-44,749

-66,243

-275,136

-132,267

-90,009

-61,534

-76,333

-115,102

-19,409

-85,930

-16,065

-48,257

12,278

-2,025

-11,728

-28,931

22,663

-

-4,092

-

-31,031

-28,587

-38,686

-14,557

-

2,052

-5,415

-20,228

-

-

-

-6,754

Adjustments to reconcile net loss to net cash used in operating activities
Loss on dispositions

0

0

-2,173

81

-9,459

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

16,105

14,283

13,779

13,827

14,006

17,435

17,680

17,277

15,843

14,360

13,277

9,264

5,829

5,025

4,340

4,207

4,115

3,763

3,346

2,394

-

3,183

-

2,606

2,132

2,034

1,929

-

1,811

1,795

1,541

-

-

-

759

Loss on retirement of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

9

-32

-

-

-

-

Stock-based compensation

28,838

27,528

26,436

30,104

30,101

38,608

29,618

34,617

32,754

32,432

38,655

32,172

28,794

27,484

23,195

26,939

22,111

20,613

17,392

11,215

-

12,164

-

9,772

7,381

6,524

6,890

-

7,073

6,037

5,500

-

-

-

936

Amortization (accretion) of premium on investments

530

552

118

-3

-5

-20

-53

-66

-586

107

140

-3,623

483

610

619

727

726

686

694

150

-

7

-

20

42

60

-

50

87

100

92

-

-

-

-

Accretion of discount on convertible promissory note receivable

0

0

534

516

171

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Remeasurement of preferred stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,523

Other operating activities

571

166

65

157

104

-179

365

612

90

-716

895

-1,414

666

110

834

569

351

323

123

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt discount

4,973

5,022

5,396

5,219

5,135

4,913

4,886

4,728

4,649

4,504

4,434

1,084

0

0

0

-

-

-

-

-192

-

60

-

66

66

66

66

-

66

66

66

-

-

-

1

Interest income

0

0

810

823

258

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for bad debt

2,444

1,831

-315

1,360

1,577

7,884

1,390

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities
Accounts receivable

36,271

51,049

-67,160

25,466

23,888

32,347

-44,941

27,372

20,477

26,375

-38,514

10,108

29,673

45,305

-29,182

21,336

20,600

29,171

-15,629

33,555

-

12,998

-

8,514

1,908

-3,647

5,546

-

17,477

9,856

3,793

-

-

-

-1,007

Prepaid content acquisition costs

-1,240

-11,522

-19,767

-24,484

40,283

-8,673

2,232

-56,313

93,253

-9,504

16,775

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

3,546

-242

1,588

-1,389

8,809

3,567

5,579

-334

3,786

5,902

2,967

11,122

4,293

-2,972

5,076

4,516

750

-1,846

5,099

945

-

-3,656

-

8,886

-97

1,143

1,716

-

1,360

243

433

-

-

-

1,406

Accounts payable, accrued and other current liabilities

22,592

-1,148

4,749

9,310

-15,329

1,880

13,192

10,284

12,419

-13,942

-3,467

-11,521

17,642

3,872

8,087

-977

4,712

-306

1,401

-2,483

-

190

-

13,607

2,927

1,911

431

-

2,815

695

1,022

-

-

-

-624

Accrued content acquisition costs

-1,881

19,537

8,503

-2,047

11,538

-1,713

-3,762

-12,543

-17,302

12,025

14,152

-65,687

81,726

801

6,896

2,192

-729

-2,440

8,585

5,124

-

4,153

-

-4,903

2,629

9,353

8,653

-

4,077

2,217

4,314

-

-

-

3,006

Accrued compensation

-620

2,517

-1,347

1,967

545

16

-13,207

4,994

4,873

2,900

2,597

3,045

-1,564

10,287

-4,390

1,157

1,831

11,483

-735

-1,148

-

-2,666

-

-9,420

-5,420

-4,065

9,841

-

-2,853

5,055

-2,445

-

-

-

2,781

Other long-term liabilities

-259

-8,241

-786

-2,475

-708

420

-244

786

597

-658

659

4,505

3,096

-70

-1,526

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

5,830

6,217

-

-

120

3,996

-3,612

3,220

1,172

7,640

-2,743

-4,996

357

12,328

-3,831

-4,520

-5,360

-14,527

-323

-

854

-

10,563

8,033

7,422

2,290

-

2,831

2,404

2,509

-

-

-

1,546

Reimbursement of cost of leasehold improvements

0

-537

-357

-25

0

0

-5,236

0

0

-153

-4,244

-10

-265

0

-749

-1,008

0

-3,161

0

-

-

-

-

-

-

-

-

0

0

0

1,243

-

-

-

-

Net cash used in operating activities

-27,143

-49,357

17,399

7,918

-81,717

-100,976

-35,934

-2,618

-120,495

-45,474

-13,104

-71,019

11,878

-9,922

26,981

25,059

5,222

-7,130

-2,122

8,727

-

5,790

-

-4,626

-12,608

-12,877

-

10,314

-878

2,846

-10,580

1,876

111

596

2,775

Investing activities
Purchases of property and equipment

2,300

1,580

3,410

2,795

4,320

6,561

1,980

13,369

11,836

20,193

14,371

2,176

6,758

10,239

4,339

1,986

7,055

4,537

11,887

5,789

-

4,380

-

9,412

4,434

4,318

1,599

-

2,094

2,644

1,243

-

-

-

2,086

Internal-use software costs

4,657

5,089

5,489

6,209

3,054

3,129

7,765

7,871

8,029

7,133

7,177

2,565

2,628

1,777

1,592

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments related to acquisition, net of cash acquired

-

-

-

-

-

-

-

0

0

0

676

246,538

22,828

200

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,450

-

11,730

-

13,980

-

-

-

24,900

20,460

28,100

-

-

-

-

Purchases of investments

80,158

75,245

89,341

0

0

0

0

0

1,322

6,098

4,993

2,259

27,180

54,751

56,790

67,252

79,305

78,533

115,589

199,915

-

1,200

-

10,069

10,761

13,365

-

9,435

15,031

17,452

17,641

-

-

-

-

Proceeds from maturities of investments

108,420

37,500

1,250

4,998

11,810

14,054

11,220

12,840

14,809

11,675

8,332

49,199

47,680

53,630

78,489

71,851

69,836

82,821

34,010

-2,080

-

14,600

-

10,860

-

18,830

-

-

-

-

-

-

-

-

-

Proceeds from cancellation of convertible promissory note receivable

0

0

34,742

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of investments

-

-

-

-

-

-

-

-

-

-

-

70,039

37,655

3,022

640

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

21,305

-111,338

-62,248

-3,241

127,348

4,364

1,475

-8,400

-3,371

-21,499

-18,885

-134,300

25,941

-10,315

16,408

-1,961

-16,524

-249

-93,466

-207,784

-

4,220

-

-9,502

-1,215

1,147

-

-9,120

7,775

364

9,216

-12,592

-40,587

-3,285

-2,086

Financing activities
Proceeds from employee stock purchase plan

1,882

2,237

37

2,914

1,866

3,348

2,798

3,306

2,558

2,150

1,687

2,463

1,814

1,656

1,619

2,050

1,906

1,619

863

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

164

Proceeds from exercise of stock options

356

175

248

-

4,698

750

2,388

-

1,138

1,353

520

-

856

1,768

1,094

1,726

2,606

2,811

9,751

2,633

-

8,554

-

4,482

3,530

4,033

1,604

-

1,498

1,639

1,928

-

-

-

145

Tax withholdings related to net share settlements of restricted stock units

1,174

190

287

0

0

0

0

243

365

1,467

1,294

245

1,388

19

888

33

1,986

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

694

-2,294

-2

3,629

207,405

163,973

5,186

3,509

93,331

2,004

913

296,623

1,282

3,405

1,825

4,091

2,526

4,430

10,614

1,978

-

386,933

-

2,053

3,530

4,033

-

1,020

1,290

1,639

1,928

966

-955

54,278

-19

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

-329

-10

-8

-14

-55

82

210

-242

-137

-118

-137

382

-223

-79

-157

-116

-188

1

15

-

-

-

-

-

3

-6

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash, cash equivalents and restricted cash

-5,473

-162,999

-44,859

8,292

252,981

67,443

-29,063

-7,751

-30,672

-65,087

-31,213

91,686

38,878

-16,911

45,057

27,073

-8,964

-2,948

-84,959

-197,113

-

396,969

-

-12,123

-10,290

-7,703

-

2,214

8,186

4,849

564

-9,750

-41,431

51,589

670

Supplemental disclosures of cash flow information
Purchases of property and equipment recorded in accounts payable and accrued liabilities

750

-574

1,339

-188

409

-2,213

4,098

-7,192

3,013

-1,048

6,356

4,562

-2,309

3,554

83

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid during the period for interest

195

3,215

249

3,190

964

3,931

896

3,886

108

3,121

107

8

124

-2,564

2,783

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock dividend payable to preferred stockholders

7,585

7,473

7,363

7,261

2,993

595

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Employee stock purchase plan (ESPP) purchases

3,788

0

3,381

-

8,081

0

3,306

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-