Proofpoint, inc. (PFPT)
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'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities
Net loss

-74,237

-28,734

-44,340

-28,913

-28,278

-21,235

-36,060

-34,298

-12,156

-6,547

-19,477

-23,495

-20,283

-8,163

-18,367

-38,301

-31,656

-27,392

-27,014

-22,594

-21,712

-13,252

-17,345

-15,125

-14,395

-11,884

-7,189

-2,065

-6,393

-5,497

-4,592

-5,518

-4,753

-6,424

-4,314

-4,318

-5,085

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

23,470

21,875

20,220

19,577

18,660

19,238

19,437

19,354

15,524

12,812

10,139

9,848

9,299

8,839

8,092

7,385

7,236

6,960

6,513

5,963

5,464

4,984

4,734

4,303

3,802

3,844

2,422

2,024

1,677

1,673

1,538

2,204

2,295

1,991

1,905

1,833

1,955

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17

-99

-189

-

-9

-112

-3

-2

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17

15

-50

-

115

-78

-128

-182

-115

0

-15

-85

-104

-147

-239

-520

0

0

0

-

-

-

-

Allowance for Doubtful Accounts Receivable, Recoveries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

-

6

-22

274

84

86

-2

7

66

-9

0

-17

54

0

0

0

-

-

-

-

Stock-based compensation

51,565

43,971

45,683

45,650

41,021

39,743

38,096

33,797

31,072

25,245

25,337

24,504

22,374

21,542

19,963

18,708

18,483

16,237

16,196

15,235

12,426

9,207

8,496

7,328

5,973

5,481

2,379

2,152

2,071

1,938

1,947

1,935

1,501

1,257

1,121

1,113

1,057

Change in fair value of contingent consideration

-

-

-

-

-

0

0

0

-79

264

-67

-284

-1,446

-669

0

0

0

-

-

-

-

0

0

0

5

3

6

0

0

-

-

-

-

416

-47

-95

-66

Amortization of debt issuance costs and accretion of debt discount

8,345

8,253

3,455

0

0

0

2,230

3,100

3,053

5,298

5,603

5,484

5,404

5,326

5,248

5,172

5,096

5,022

4,949

2,696

2,266

2,234

2,203

2,173

2,143

489

0

0

0

-

-

-

-

-

-

-

-

Amortization of deferred commissions

14,633

13,981

12,763

12,400

11,271

10,955

9,413

8,334

8,374

7,756

7,445

6,666

6,609

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash lease costs

6,426

6,123

5,869

5,713

5,634

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign Currency Transaction Gain (Loss), before Tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-224

-259

224

-

-353

73

-1,137

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-325

123

-1,884

-550

-60

11

-373

-124

-14,772

-14,122

143

294

-2,268

96

-144

41

126

423

-212

137

-281

687

74

-187

117

5,902

91

-2,535

0

-

-

-

-

-

-

-

-

Other

1,181

-261

-627

-233

-734

-322

-327

-1,033

213

-118

605

-25

-114

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

-93,453

56,030

34,069

7,756

-35,616

55,389

3,476

21,589

1,436

13,292

15,706

12,956

-10,210

3,852

11,570

2,420

879

16,315

-5,806

11,843

-9,310

8,850

6,613

3,928

-3,881

1,598

61

395

2,446

1,088

4,844

-2,097

-1,455

3,061

655

-179

-835

Inventory

-872

823

69

-255

131

110

-29

-203

-127

273

-40

25

-126

168

128

-279

96

-353

403

9

-73

-798

-13

48

435

361

-113

132

-157

-331

392

12

-235

266

-62

-182

122

Deferred product costs

-58

-879

-229

-195

100

2

-51

-147

-106

148

-169

268

91

-2

-31

271

164

90

-137

-544

203

-17

221

-852

-143

-161

179

178

-47

159

353

360

408

419

654

873

833

Deferred commissions

15,170

29,576

20,036

18,063

12,915

25,036

19,289

12,715

9,214

16,668

11,619

10,874

6,749

37,812

255

860

-1,481

25,882

1,419

2,379

-39

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

6,290

2,419

-2,199

1,326

6,369

-439

-270

-1,282

3,896

-186

163

838

848

191

1,936

276

257

-181

1,228

-17

799

-411

-105

935

526

-784

19

61

68

-1,153

822

748

-437

436

-167

856

-347

Other current assets

282

457

-55

-237

-222

-943

445

-5

-1,652

451

-52

84

-344

1,933

-357

-48

-56

519

-38

62

-647

-1,004

590

502

263

-

-

-

-

-

-

-

-

-

-

-

-

Long-term assets

96

-377

253

154

469

-63

102

-236

-114

-9

-272

-190

3,900

-911

3

-48

-3

-2

64

-94

-15

-15

-40

-11

89

100

224

-2

-6

-43

5

52

-111

3

-5

87

-253

Accounts payable

-6,017

-962

559

1,139

-4,305

5,741

-1,555

-801

5,011

266

-540

211

-1,585

1,365

-3,053

4,487

1,472

4,633

-2,998

578

247

1,416

-765

-1,224

762

34

-406

-435

1,738

-1,782

2,395

-2,010

714

541

-615

437

-63

Accrued liabilities

14,720

5,161

38,401

2,176

-12,547

6,705

14,977

7,253

-11,751

-930

10,904

4,409

156

3,111

3,688

2,113

-2,868

-486

7,789

2,555

-5,410

1,879

5,492

-2,763

-613

2,070

2,893

-2,954

-126

707

1,988

2,222

-1,432

2,275

-589

142

-1,106

Deferred rent

-

-

-

-

-

-130

-32

-53

114

683

360

532

292

395

-91

-21

9

164

-108

-110

-111

635

557

1,141

-18

-181

-349

43

49

-376

326

-7

2

219

51

204

-27

Operating lease liabilities

-7,159

-6,604

-6,477

-5,260

-6,188

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-10,495

102,760

46,124

18,247

12,103

72,792

34,101

25,194

23,504

39,318

32,266

22,611

22,529

29,139

24,970

11,341

19,302

22,570

15,815

11,975

8,591

18,692

11,821

3,670

3,910

8,106

6,854

3,294

4,321

8,023

2,930

403

-737

3,926

1,089

1,698

371

Net cash provided by operating activities

92,174

76,401

68,598

43,410

54,099

55,054

64,704

30,064

34,922

42,516

44,215

26,486

40,469

41,238

27,286

8,293

17,418

8,218

24,188

1,574

12,524

16,789

8,646

-6,941

4,119

5,330

6,836

-737

1,195

4,904

822

874

236

161

-952

1,065

-442

Cash flows from investing activities
Proceeds from maturities of short-term investments

39,232

11,936

26,853

22,776

32,273

14,843

13,805

5,932

31,500

23,753

22,722

23,159

32,922

20,343

34,162

14,261

54,639

4,597

8,500

14,947

11,012

3,353

0

0

8,000

11,660

5,000

20,550

21,836

12,113

212

605

2,334

-

-

-

-

Proceeds from sales of short-term investments

-

-

-

-

-

0

0

0

11,931

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

310

153

258

Purchase of short-term investments

19,876

23,919

25,268

15,395

26,373

31,231

23,763

9,933

13,761

25,645

29,736

28,705

12,655

33,453

27,491

26,762

26,980

16,459

48,078

0

0

-

-

-

-

0

-11

-26

20,413

10,779

14,118

35,198

0

-

-

-

-

Purchase of property and equipment

12,359

11,337

10,006

8,373

5,477

6,414

6,497

8,072

8,539

12,202

11,889

10,616

12,251

8,880

9,333

8,356

7,838

7,700

7,700

5,843

4,584

4,593

4,372

3,732

2,291

3,164

2,512

1,002

988

2,020

1,441

1,156

1,287

1,166

3,604

-493

653

Receipt from escrow account

-

-

-

-

-

0

2,766

0

555

950

496

2,054

2,566

260

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions of business, net of cash and restricted cash acquired

-

-

-

-

-

0

0

0

223,786

155,350

0

0

0

-

-

-

-

11,427

8,430

3,510

28,114

31,645

-719

22,754

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities

6,997

-235,972

-8,421

-105,495

423

-22,802

-13,689

-12,073

-202,100

-168,494

-18,407

-14,108

10,582

-67,498

-20,658

-20,857

19,821

-30,989

-55,708

5,594

-21,686

-32,885

-41,458

-26,486

5,709

-3,967

-22,239

15,803

435

-686

-15,347

-35,749

1,047

932

-1,319

-6,571

-395

Cash flows from financing activities
Proceeds from issuance of common stock

2,966

12,573

827

13,586

1,105

11,681

2,897

10,323

2,678

8,797

3,710

10,893

2,325

6,633

4,811

8,463

1,872

6,702

2,205

5,657

4,019

5,900

3,069

3,940

4,731

3,413

3,249

5,521

4,184

4,037

345

208

1,553

333

448

264

154

Withholding taxes related to restricted stock net share settlement

27,600

24,416

6,585

10,382

24,623

18,739

7,327

14,597

20,043

11,584

6,117

10,612

14,510

8,573

4,443

5,874

6,698

5,652

4,029

4,290

4,137

2,331

1,087

176

576

-

-

-

-

-

-

-

-

-

-

-

-

Payments of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

80

111

0

0

0

0

-

-

-

-

-

-

-

-

Repayments of equipment loans and capital lease obligations

-

-

-

-

-

8

13

4

12

9

9

8

8

8

8

8

8

7

6

278

415

415

415

414

411

8,360

836

423

414

412

373

156

28

35

35

55

83

Holdback payments for prior acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,397

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration payments

-

-

-

-

-

0

0

0

555

950

496

2,054

2,566

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-24,634

-11,843

810,895

3,204

-23,518

-7,066

-4,585

-4,278

-17,932

-3,760

-2,912

-1,781

-14,759

-1,948

360

2,581

-6,231

1,043

-2,201

224,879

-533

3,154

584

3,025

3,633

190,595

2,413

5,098

3,770

3,508

-104

68,457

1,525

1,582

1,611

1,937

71

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

-907

479

-584

-127

206

-375

-139

-587

374

41

460

429

146

-509

-66

-198

228

-166

-252

92

-637

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

73,630

-170,935

870,488

-59,008

31,210

24,811

46,291

13,126

-184,736

-129,697

23,356

11,026

36,438

27,237

-49,032

-10,181

31,236

-21,894

-33,973

232,139

-10,332

-14,280

-32,228

-30,402

13,461

191,958

-12,990

20,164

5,400

7,726

-14,629

33,582

2,808

2,675

-660

-3,569

-766

Supplemental disclosures of cash flow information
Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57

-

-

-

-

Cash paid for taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

124

-

-

-

-

Supplemental disclosure of noncash investing and financing activities
Unpaid deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-34

-74

-1,631

1,739

-

-

-

-

Unpaid purchases of property and equipment and asset retirement obligations

4,789

-521

-1,677

2,343

3,338

-547

-597

-1,582

5,432

1,039

-3,965

1,623

4,652

866

-604

1,214

4,559

-52

-991

2,293

3,656

-1,745

1,167

935

2,219

-799

-19

1,039

818

220

164

215

60

-

-

-

-

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

9,535

4,256

7,433

3,234

745

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability awards converted to equity

13,313

0

0

0

12,651

0

0

0

8,870

0

0

0

8,307

0

0

0

6,059

0

0

0

1,745

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-