Q2 holdings, inc. (QTWO)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

-70,877

-35,397

-26,164

-36,354

-25,063

-19,634

-17,875

-8,779

Adjustments to reconcile net loss to net cash from operating activities:
Amortization of deferred implementation, solution and other costs

13,634

8,448

7,455

6,775

5,007

4,435

2,837

1,869

Depreciation and amortization

28,457

16,802

14,946

12,199

6,847

4,083

2,971

1,697

Amortization of debt issuance costs

1,467

829

28

96

-

-

-

-

Amortization of debt discount

15,154

7,646

0

0

96

96

68

0

Amortization of premiums on investments

-226

3

-319

-425

319

17

0

0

Stock-based compensation expenses

40,510

29,545

20,939

12,640

7,362

4,570

1,605

1,031

Deferred income taxes

-12,774

-2,050

-350

281

85

0

0

-

Loss from discontinued operations

-

-

-

-

-

-

-199

-1,259

Allowance for sales credits

-172

141

3

-17

-38

65

57

51

Loss on disposal of long-lived assets

-287

-19

-33

-184

0

0

-18

-24

Impairment of intangible assets

6

17

0

20

0

0

-

-

Unoccupied lease charges

420

658

0

33

0

0

236

0

Changes in operating assets and liabilities:
Accounts receivable, net

-372

4,677

961

3,247

3,322

-3,991

3,267

2,013

Prepaid expenses and other current assets

822

-1,844

-240

237

150

628

414

-124

Deferred solution and other costs

23,548

8,780

5,353

7,100

4,659

5,329

4,011

1,728

Deferred implementation costs

14,296

6,993

5,179

6,076

4,118

3,842

3,155

2,625

Contract assets, net

5,191

5,812

0

0

-

-

-

-

Other long-term assets

-6,141

1,359

236

-47

1

244

1,539

182

Accounts payable

1,126

-263

3,367

426

1,343

-842

1,326

1,949

Accrued liabilities

14,718

952

-4,369

10,641

4,056

-1,398

5,523

1,094

Deferred revenues

13,400

4,454

4,837

9,593

14,021

9,224

9,706

4,299

Deferred rent and other long-term liabilities

-8,015

-1,144

-77

3,031

3,538

150

4,444

41

Net cash provided by (used in) continuing operations

-

-

-

-

-

-

-1,271

-1,889

Net cash used in discontinued operating activities

-

-

-

-

-

-

-236

-1,120

Net cash used in operating activities

567

4,595

9,472

3,394

5,399

-5,286

-1,507

-3,009

Cash flows from investing activities:
Purchases of investments

27,330

75,674

27,749

40,160

43,928

23,216

0

0

Maturities of investments

63,980

48,407

27,907

41,105

20,908

2,230

0

0

Purchases of property and equipment

13,860

13,285

12,315

14,349

7,128

5,036

11,138

1,804

Business combinations and asset acquisitions, net of cash acquired

505,577

130,694

3,816

95

27,469

0

0

-

Purchase of intangible assets

288

46

0

323

0

-

-

-

Capitalized software development costs

177

0

970

2,692

313

0

125

425

Cash included in distribution of spin-off

-

-

-

-

-

-

46

0

Increase in restricted cash

-

-

-

-

486

713

0

116

Net cash provided by (used in) investing activities

-483,252

-171,292

-16,943

-16,514

-58,416

-26,735

-

-2,606

Net cash used in discontinued investing activities

-

-

-

-

-

-

-

-261

Net cash used in investing activities

-

-

-

-

-

-

-11,309

-2,345

Cash flows from financing activities:
Proceeds from issuance of common stock, net of issuance costs

195,300

0

0

-

-

-

-

-

Proceeds from issuance of convertible notes, net of issuance costs

307,016

223,167

0

0

-

-

-

-

Purchase of capped call transaction

40,765

0

0

-

-

-

-

-

Purchase of convertible notes bond hedge

0

41,699

0

0

-

-

-

-

Proceeds from issuance of warrants

0

22,379

0

0

-

-

-

-

Proceeds from issuance of preferred stock, net of issuance costs

-

-

-

-

-

-

18,995

0

Proceeds from borrowings on line of credit

-

-

-

-

-

12,500

6,350

0

Payments on line of credit

-

-

-

-

-

18,710

2,682

0

Payments on financing obligations

-

-

-

4,890

4,241

0

0

-

Payments on capital lease obligations

-

-

-

161

418

748

718

654

Proceeds from the issuance of common stock, net of issuance costs

-

-

-

-8

52,575

86,286

0

0

Proceeds from exercise of stock options to purchase common stock

14,551

12,730

11,559

6,003

4,171

2,017

435

17

Net cash provided by financing activities

476,091

216,577

11,559

944

52,087

81,325

22,380

-637

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

-6,594

49,880

4,088

-12,176

-930

49,304

9,564

-6,252

Supplemental disclosures of cash flow information:
Cash paid for taxes, net of refund

-1

215

128

120

60

55

164

199

Cash paid for interest

2,853

810

68

217

212

419

377

184

Supplemental disclosure of non-cash investing and financing activities:
Data center assets acquired under deferred payment arrangements or financing arrangements

-

-

-

-

95

0

0

-

Shares acquired to settle the exercise of stock options

941

395

438

376

21

20

0

0

Acquisition consideration payable to seller - hold back

0

0

150

0

2,500

0

0

-

Equipment acquired under capital lease

-

-

-

-

-

-

975

1,185

Data center assets acquired under deferred payment arrangements or financing arrangements

1,104

0

4,102

0

4,087

5,209

0

0