RingCentral, Inc. RNG Cash Flow

Ringcentral, inc. (RNG)

CashFlow / Quarterly

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
Cash flows from operating activities
Net Income (Loss) Attributable to Parent
-60,721	-25,257	-12,749	-9,243	-6,358	-5,678	-9,518	-8,291	-2,716	-121	269	-2,115	-2,237	6,138	-7,979	-7,771	-6,613	-6,941	-6,336	-8,211	-10,611	-10,120	-11,986	-13,330	-12,904	-13,366	-8,851	-13,619	-10,262
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
16,548	11,810	9,574	8,790	7,696	6,079	5,718	5,934	5,542	4,285	4,087	4,057	3,785	3,914	3,796	3,576	3,377	3,532	3,406	3,305	3,224	2,969	2,819	2,471	2,119	2,374	2,255	2,195	2,156
Share-based compensation
36,589	29,664	27,376	24,916	19,398	18,709	18,515	17,597	13,267	11,556	10,942	10,627	8,935	8,237	8,389	7,477	6,737	6,298	5,752	5,291	4,747	4,210	4,198	3,931	3,177	2,994	2,210	1,222	1,114
Amortization of deferred and prepaid sales commission costs
9,800	8,900	8,000	7,000	6,200	5,800	5,300	4,716	3,984	3,726	3,331	2,946	2,597	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount and issuance costs
7,452	5,188	5,118	5,049	4,982	4,915	4,849	4,784	1,370	-	-	-	-	-	-	-	-	0	37	57	62	65	72	49	73	1,602	254	76	82
Loss on early extinguishment of debt
-7,250	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of convertible senior notes attributable to debt discount
13,894	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reduction of operating lease right-of-use assets
3,843	-	-	-	3,131	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) and other related costs on investments
22,246	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency remeasurement (gain) loss
-964	166	-384	312	11	-294	121	-511	-267	-34	237	419	44	-165	-742	-1,260	-448	-	-	-	-	-	-	-	-	-	-	-	-
Net accretion of discount and amortization of premium on available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14	-200	-307	-95	-	-	-	-	-	-	-	-
Provision for bad debt
1,492	610	1,344	658	337	701	1,253	583	554	166	505	714	289	190	70	160	228	259	22	83	47	-	-	-	-	-	-	-	-
Deferred income taxes
-33	-105	-285	-112	-235	-318	4	17	-6	-29	-6	-10	-2	-32	0	0	-4	-13	-7	-2	14	-117	0	81	1	-	-	-	-
Tax benefit from release of valuation allowance
0	0	0	-35	3,245	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
45	-1,344	352	-201	1,433	156	248	4	206	58	10	15	98	119	351	96	17	196	92	117	11	124	0	-20	-4	-	-	0	0
Changes in assets and liabilities:
Accounts receivable
6,935	12,318	14,041	5,537	5,267	17,994	8,421	12,219	9,243	6,715	6,477	3,117	1,594	7,021	-517	-1,294	6,689	4,235	2,967	753	3,968	248	2,325	1,245	828	553	530	69	-797
Deferred and prepaid sales commission costs
22,544	50,836	18,435	21,555	11,477	13,439	10,190	14,125	7,478	9,067	8,797	7,379	7,226	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-84	318	343	-301	-163	-127	190	77	884	592	-274
Prepaid expenses and other current assets
8,958	-6,550	-1,128	3,419	5,834	-5,914	3,461	525	2,270	-673	4,249	585	2,038	-1,416	1,982	896	-444	335	1,931	1,222	754	398	-756	2,350	1,561	-2,467	2,285	5,020	-2,965
Other assets
-131	-364	-219	-264	83	-685	-220	963	-337	-114	-918	-456	-45	125	-70	-127	-4	595	106	335	-614	551	443	478	188	173	97	-102	160
Accounts payable
888	11,127	-520	3,389	7,757	3,911	-629	2,317	-2,816	-1,992	3,595	797	-2,224	3,986	1,441	-1,481	-2,430	1,652	-1,399	853	485	-1,588	1,582	849	-1,353	-2,105	1,519	1,828	-1,695
Accrued liabilities
19,948	4,663	17,702	4,833	-103	5,741	10,218	11,657	6,079	492	6,290	-1,023	4,159	1,428	2,245	4,565	6,927	-2,404	1,653	293	2,812	-2,264	6,202	-1,893	7,009	1,736	-3,620	1,841	1,413
Deferred revenue
2,806	2,213	1,797	9,534	5,301	7,673	6,784	5,203	5,120	7,010	3,319	3,980	3,989	1,882	632	3,073	2,375	2,371	3,260	2,701	2,739	2,171	3,244	1,856	1,763	979	1,867	1,343	1,073
Operating lease liabilities
-3,783	-	-	-	-3,217	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-74	-65	-197	-92	-236	-119	-525	-483	-12	76	-76	-202	178	-652	-537	-1,608	-12	657	-170	235	139	484	-408	1,393	415	574	-71	122	502
Net cash provided by operating activities
13,069	-6,162	26,760	24,051	20,197	23,028	20,227	16,690	12,185	10,289	13,424	8,742	8,710	7,272	7,755	9,872	4,809	2,878	1,825	1,070	-687	-4,322	3,874	-8,519	-2,463	-3,181	-8,233	-2,864	-9,493
Cash flows from investing activities
Purchases of property and equipment
6,861	6,412	6,361	8,132	6,862	9,271	5,996	7,269	4,587	3,611	7,072	3,659	5,155	4,602	3,578	4,033	2,023	3,525	3,390	4,857	2,859	2,745	4,016	6,997	3,509	1,765	3,073	2,017	3,934
Capitalized internal-use software
7,389	5,054	3,870	4,059	3,543	3,304	2,750	2,608	2,759	1,988	1,944	1,848	1,640	647	554	522	439	677	1,226	171	439	-	-	-	-	-	-	-	-
Cash paid for business combination, net of cash acquired
0	0	0	0	27,870	26,434	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisition of intangible assets
-	-	-	-	-	0	0	0	18,470	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	130
Proceeds from the maturity of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,320	9,500	9,480	6,780	-	-	-	-	-	-	-	-
Proceeds from the maturity of restricted investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	100	-	-	-	-	-	-	-	-
Net cash used in investing activities
-14,250	-236,083	-10,231	-12,191	-38,275	-39,009	-8,746	-9,877	-25,816	-5,599	-9,016	-4,977	-6,795	-5,249	-4,132	-4,555	-2,462	-1,882	4,884	-218	3,582	-2,796	-33,359	-6,997	-3,509	-1,765	-3,073	-2,017	-4,064
Cash flows from financing activities
Proceeds from Debt, Net of Issuance Costs
986,508	0	0	0	0	0	0	0	449,457	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for 2023 convertible senior notes partial repurchase
495,704	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments For Capped Call Transactions And Costs
60,900	0	0	0	0	0	0	0	49,910	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
-	-	-	-	-	0	0	0	15,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of stock in connection with stock plans
4,802	12,237	4,081	10,843	2,666	6,989	1,903	8,041	3,688	5,810	2,236	14,770	2,679	6,836	2,100	5,887	281	7,484	3,529	7,029	1,482	2,435	1,576	3,533	1,943	-	-	-	197
Repayment of capital lease and financing obligations
-	-	-	-	-	-	-	-	-	-	0	0	181	0	92	90	87	85	83	210	216	189	386	10	113	110	106	105	101
Payments for taxes related to net share settlement of equity awards
10,351	4,422	5,197	3,113	1,934	1,715	2,471	1,972	1,014	1,566	1,007	897	221	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for contingent consideration for business acquisition
3,548	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of financing obligations
511	-943	0	943	0	-	-	-	-	0	0	0	14,840	937	938	937	938	937	938	937	3,330	2,727	2,431	2,421	2,330	20,381	1,967	1,948	2,013
Net proceeds from public offerings of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	57,167	-	-	-	0
Payment of offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	973	246	1,947	1,541	164	68
Net cash provided by financing activities
420,296	2,639	-1,116	6,787	732	5,274	-568	5,328	387,221	4,244	1,229	13,873	-12,563	5,775	939	3,360	-744	6,416	2,403	5,882	-2,064	-480	-1,283	129	56,421	95,879	17,404	1,935	-1,985
Effect of exchange rate changes
-657	549	-418	-9	47	-247	-910	176	181	-48	-346	-313	-17	167	37	40	-117	172	103	-97	139	89	41	-21	-1	-7	-12	-8	-2
Net increase (decrease) in cash, cash equivalents and restricted cash
418,458	-239,057	14,995	18,638	-17,299	-10,954	10,003	12,317	373,771	8,886	5,291	17,325	-10,665	7,965	4,599	8,717	1,486	7,584	9,215	6,637	970	-7,509	-30,727	-15,408	50,448	90,926	6,086	-2,954	-15,544
Supplemental disclosure of cash flow data
Cash paid for interest
85	0	0	189	0	-	-	-	-	0	0	0	116	143	161	238	169	196	209	221	1,267	311	352	305	299	1,250	502	328	357
Cash paid for income taxes, net of refunds
95	278	367	287	64	102	92	195	44	28	0	105	83	39	22	45	123	29	11	13	47	14	15	49	18	15	0	11	20
Cash held for future indemnity claims
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities
Cash held for future indemnity claims and other potential future payments
0	-	-	-	7,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in liability for unvested exercised options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3	10	9	10	9	10	9	9	19	19	19	21	55
Equipment and capitalized internal-use software purchased and unpaid at period end
7,151	354	2,784	-1,482	3,559	2,492	1,218	-33	1,108	495	29	418	757	-465	1,405	716	496	-898	-851	232	2,236	-82	-471	-301	1,867	205	-571	440	701
Equipment acquired under financing obligations
-	-	-	-	-	-	-	-	4,513	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liability for potential future payments
-	-	-	-	-	-	-	-	3,848	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liability for deferred offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,123	-1,822	897	1,137	101
Change in unrealized gain on available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-50	-	-	-	-	-	-	-	-
Glip, Inc.
Issuance of common stock for business combination
-	-	-	-	-	-	-	-	-	-	1,500	1,560	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-