PROOFPOINT, INC. PFPT Cash Flow

Proofpoint, inc. (PFPT)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities
Net loss
-176,224	-130,265	-122,766	-114,486	-119,871	-103,749	-89,061	-72,478	-61,675	-69,802	-71,418	-70,308	-85,114	-96,487	-115,716	-124,363	-108,656	-98,712	-84,572	-74,903	-67,434	-60,117	-58,749	-48,593	-35,533	-27,531	-21,144	-18,547	-22,000	-20,360	-21,287	-21,009	-19,809	-20,141	0	0	0
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
85,142	80,332	77,695	76,912	76,689	73,553	67,127	57,829	48,323	42,098	38,125	36,078	33,615	31,552	29,673	28,094	26,672	24,900	22,924	21,145	19,485	17,823	16,683	14,371	12,092	9,967	7,796	6,912	7,092	7,710	8,028	8,395	8,024	7,684	0	0	0
Loss on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-126	-117	-5	-2	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-25	-	-273	-503	-425	-312	-215	-204	-351	-575	-1,010	-906	-759	-520	0	0	0	-	-	-	-
Allowance for Doubtful Accounts Receivable, Recoveries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	342	422	442	175	157	62	64	40	28	37	37	54	0	0	0	-	-	-	-
Stock-based compensation
186,869	176,325	172,097	164,510	152,657	142,708	128,210	115,451	106,158	97,460	93,757	88,383	82,587	78,696	73,391	69,624	66,151	60,094	53,064	45,364	37,457	31,004	27,278	21,161	15,985	12,083	8,540	8,108	7,891	7,321	6,640	5,814	4,992	4,548	0	0	0
Change in fair value of contingent consideration
-	-	-	-	-	-79	185	118	-166	-1,533	-2,466	-2,399	-2,115	-669	0	0	0	-	-	-	-	5	8	14	14	9	0	0	0	-	-	-	-	208	0	0	0
Amortization of debt issuance costs and accretion of debt discount
20,053	11,708	3,455	2,230	5,330	8,383	13,681	17,054	19,438	21,789	21,817	21,462	21,150	20,842	20,538	20,239	17,763	14,933	12,145	9,399	8,876	8,753	7,008	4,805	2,632	489	0	0	0	-	-	-	-	-	-	-	-
Amortization of deferred commissions
53,777	50,415	47,389	44,039	39,973	37,076	33,877	31,909	30,241	28,476	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash lease costs
24,131	23,339	17,216	11,347	5,634	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign Currency Transaction Gain (Loss), before Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-296	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-2,636	-2,371	-2,483	-972	-546	-15,258	-29,391	-28,875	-28,457	-15,953	-1,735	-2,022	-2,275	119	446	378	474	67	331	617	293	691	5,906	5,923	3,575	3,458	0	0	0	-	-	-	-	-	-	-	-
Other
60	-1,855	-1,916	-1,616	-2,416	-1,469	-1,265	-333	675	348	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Accounts receivable
4,402	62,239	61,598	31,005	44,838	81,890	39,793	52,023	43,390	31,744	22,304	18,168	7,632	18,721	31,184	13,808	23,231	13,042	5,577	17,996	10,081	15,510	8,258	1,706	-1,827	4,500	3,990	8,773	6,281	2,380	4,353	164	2,082	2,702	0	0	0
Inventory
-235	768	55	-43	9	-249	-86	-97	131	132	27	195	-109	113	-408	-133	155	-14	-459	-875	-836	-328	831	731	815	223	-469	36	-84	-162	435	-19	-213	144	0	0	0
Deferred product costs
-1,361	-1,203	-322	-144	-96	-302	-156	-274	141	338	188	326	329	402	494	388	-427	-388	-495	-137	-445	-791	-935	-977	53	149	469	643	825	1,280	1,540	1,841	2,354	2,779	0	0	0
Deferred commissions
82,845	80,590	76,050	75,303	69,955	66,254	57,886	50,216	48,375	45,910	67,054	55,690	45,676	37,446	25,516	26,680	28,199	29,641	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses
7,836	7,915	5,057	6,986	4,378	1,905	2,158	2,591	4,711	1,663	2,040	3,813	3,251	2,660	2,288	1,580	1,287	1,829	1,599	266	1,218	945	572	696	-178	-636	-1,005	-202	485	-20	1,569	580	688	778	0	0	0
Other current assets
447	-57	-1,457	-957	-725	-2,155	-761	-1,258	-1,169	139	1,621	1,316	1,184	1,472	58	377	487	-104	-1,627	-999	-559	351	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Long-term assets
126	499	813	662	272	-311	-257	-631	-585	3,429	2,527	2,802	2,944	-959	-50	11	-35	-47	-60	-164	-81	23	138	402	411	316	173	-46	8	-97	-51	-61	-26	-168	0	0	0
Accounts payable
-5,281	-3,569	3,134	1,020	-920	8,396	2,921	3,936	4,948	-1,648	-549	-3,062	1,214	4,271	7,539	7,594	3,685	2,460	-757	1,476	-326	189	-1,193	-834	-45	931	-885	1,916	341	-683	1,640	-1,370	1,077	300	0	0	0
Accrued liabilities
60,458	33,191	34,735	11,311	16,388	17,184	9,549	5,476	2,632	14,539	18,580	11,364	9,068	6,044	2,447	6,548	6,990	4,448	6,813	4,516	-802	3,995	4,186	1,587	1,396	1,883	520	-385	4,791	3,485	5,053	2,476	396	722	0	0	0
Deferred rent
-	-	-	-	-	-101	712	1,104	1,689	1,867	1,579	1,128	575	292	61	44	-45	-165	306	971	2,222	2,315	1,499	593	-505	-438	-633	42	-8	-55	540	265	476	447	0	0	0
Operating lease liabilities
-25,500	-24,529	-17,925	-11,448	-6,188	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
156,636	179,234	149,266	137,243	144,190	155,591	122,117	120,282	117,699	116,724	106,545	99,249	87,979	84,752	78,183	69,028	69,662	58,951	55,073	51,079	42,774	38,093	27,507	22,540	22,164	22,575	22,492	18,568	15,677	10,619	6,522	4,681	5,976	7,084	0	0	0
Net cash provided by operating activities
280,583	242,508	221,161	217,267	203,921	184,744	172,206	151,717	148,139	153,686	152,408	135,479	117,286	94,235	61,215	58,117	51,398	46,504	55,075	39,533	31,018	22,613	11,154	9,344	15,548	12,624	12,198	6,184	7,795	6,836	2,093	319	510	-168	0	0	0
Cash flows from investing activities
Proceeds from maturities of short-term investments
100,797	93,838	96,745	83,697	66,853	66,080	74,990	83,907	101,134	102,556	99,146	110,586	101,688	123,405	107,659	81,997	82,683	39,056	37,812	29,312	14,365	11,353	19,660	24,660	45,210	59,046	59,499	54,711	34,766	15,264	0	0	0	-	-	-	-
Proceeds from sales of short-term investments
-	-	-	-	-	11,931	11,931	11,931	11,931	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Purchase of short-term investments
84,458	90,955	98,267	96,762	91,300	78,688	73,102	79,075	97,847	96,741	104,549	102,304	100,361	114,686	97,692	118,279	91,517	64,537	0	0	0	-	-	-	-	20,376	31,155	45,284	80,508	60,095	0	0	0	-	-	-	-
Purchase of property and equipment
42,075	35,193	30,270	26,761	26,460	29,522	35,310	40,702	43,246	46,958	43,636	41,080	38,820	34,407	33,227	31,594	29,081	25,827	22,720	19,392	17,281	14,988	13,559	11,699	8,969	7,666	6,522	5,451	5,605	5,904	5,050	7,213	5,564	4,930	0	0	0
Receipt from escrow account
-	-	-	-	-	3,321	4,271	2,001	4,055	6,066	5,376	4,880	2,826	260	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of business, net of cash and restricted cash acquired
-	-	-	-	-	223,786	379,136	379,136	379,136	155,350	0	0	0	-	-	-	-	51,481	71,699	62,550	81,794	53,680	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities
-342,891	-349,465	-136,295	-141,563	-48,141	-250,664	-396,356	-401,074	-403,109	-190,427	-89,431	-91,682	-98,431	-89,192	-52,683	-87,733	-61,282	-102,789	-104,685	-90,435	-122,515	-95,120	-66,202	-46,983	-4,694	-9,968	-6,687	205	-51,347	-50,735	-49,117	-35,089	-5,911	-7,353	0	0	0
Cash flows from financing activities
Proceeds from issuance of common stock
29,952	28,091	27,199	29,269	26,006	27,579	24,695	25,508	26,078	25,725	23,561	24,662	22,232	21,779	21,848	19,242	16,436	18,583	17,781	18,645	16,928	17,640	15,153	15,333	16,914	16,367	16,991	14,087	8,774	6,143	2,439	2,542	2,598	1,199	0	0	0
Withholding taxes related to restricted stock net share settlement
68,983	66,006	60,329	61,071	65,286	60,706	53,551	52,341	48,356	42,823	39,812	38,138	33,400	25,588	22,667	22,253	20,669	18,108	14,787	11,845	7,731	4,170	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	191	191	191	111	0	0	0	0	-	-	-	-	-	-	-	-
Repayments of equipment loans and capital lease obligations
-	-	-	-	-	37	38	34	38	34	33	32	32	32	31	29	299	706	1,114	1,523	1,659	1,655	9,600	10,021	10,030	10,033	2,085	1,622	1,355	969	592	254	153	208	0	0	0
Holdback payments for prior acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	1,397	1,397	1,397	1,397	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration payments
-	-	-	-	-	555	1,505	2,001	4,055	6,066	5,116	4,620	2,566	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
777,622	778,738	783,515	-31,965	-39,447	-33,861	-30,555	-28,882	-26,385	-23,212	-21,400	-18,128	-13,766	-5,238	-2,247	-4,808	217,490	223,188	225,299	228,084	6,230	10,396	197,837	199,666	201,739	201,876	14,789	12,272	75,631	73,386	71,460	73,175	6,655	5,201	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-1,139	-26	-880	-435	-895	-727	-311	288	1,304	1,076	526	0	-627	-545	-202	-388	-98	-963	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash, cash equivalents and restricted cash
714,175	671,755	867,501	43,304	115,438	-100,508	-255,016	-277,951	-280,051	-58,877	98,057	25,669	4,462	-740	-49,871	-34,812	207,508	165,940	173,554	175,299	-87,242	-63,449	142,789	162,027	212,593	204,532	20,300	18,661	32,079	29,487	24,436	38,405	1,254	-2,320	0	0	0
Supplemental disclosures of cash flow information
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Cash paid for taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Supplemental disclosure of noncash investing and financing activities
Unpaid deferred offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-
Unpaid purchases of property and equipment and asset retirement obligations
4,934	3,483	3,457	4,537	612	2,706	4,292	924	4,129	3,349	3,176	6,537	6,128	6,035	5,117	4,730	5,809	4,906	3,213	5,371	4,013	2,576	3,522	2,336	2,440	1,039	2,058	2,241	1,417	659	0	0	0	-	-	-	-
Operating lease right-of-use assets exchanged for lease obligations
24,458	15,668	11,412	3,979	745	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liability awards converted to equity
13,313	12,651	12,651	12,651	12,651	8,870	8,870	8,870	8,870	8,307	8,307	8,307	8,307	6,059	6,059	6,059	6,059	1,745	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-