Stamps.com inc (STMP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating activities:
Net income

59,229

168,642

150,603

75,229

-4,198

36,882

44,153

38,557

26,265

5,532

6,177

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

27,868

24,092

21,444

19,152

7,702

4,833

2,538

1,649

885

894

1,216

Loss on disposal of assets

-

-

-

-22

0

0

-

-

-

-

-

Stock-based compensation expense

42,891

36,349

40,829

33,949

15,895

4,799

4,492

3,991

3,419

2,840

3,097

Non-operating asset write-off

-

-

-

-

-

-

-

-

-

634

0

Deferred income tax expense (benefit)

-1,424

12,580

7,816

33,623

-3,408

-13,554

-9,713

-14,424

-8,475

-3,979

0

Stock option windfall tax benefit

-

-

-

26,784

618

0

0

-

-

-

-

Accretion of debt issuance costs

373

372

372

372

31

0

0

-

-

-

-

Contingent consideration

-

-

-

-

47,419

8,773

0

0

-

-

-

Other-than-temporary impairment

-

-

-

-

-

-

-

-

-

-

83

Changes in operating assets and liabilities, net of assets and liabilities acquired:
Accounts receivable

-9,052

-7,015

18,041

6,510

32,480

-5,787

3,072

3,966

5,598

501

204

Prepaid expenses

7,815

5,660

1,200

-3,318

-

-

-

-

-

-

-

Other current assets

12,024

886

168

1,443

1,737

-557

834

-110

1,461

727

-1,138

Current income taxes

-8,176

-13,879

22,344

0

0

-

-

-

-

-

-

Lease right-of-use assets

-3,185

-

-

-

-

-

-

-

-

-

-

Other assets

9,091

5,124

2,755

-3,815

-678

3,208

1,034

209

517

-556

239

Deferred revenue

790

2,150

13

-195

779

210

-107

-366

-2,295

123

327

Lease right-of-use liabilities

-3,400

-

-

-

-

-

-

-

-

-

-

Other liabilities

6,826

12,880

5,310

0

0

-

-

-

-

-

-

Accounts payable and other current liabilities

12,517

9,792

15,944

20,135

16,053

6,646

-667

1,948

3,064

-572

-1,591

Net cash provided by operating activities

137,153

276,081

197,823

148,047

46,116

51,725

35,756

27,290

15,287

4,800

10,004

Investing activities:
Sale of short-term investments

0

0

1,502

8,484

6,424

6,556

6,159

1,621

10,831

4,835

16,462

Purchase of short-term investments

-

-

-

-

2,438

6,536

6,454

6,473

8

14,776

2,396

Sale of long-term investments

0

0

10

95

2,586

6,627

6,949

8,254

3,473

19,506

4,146

Purchase of long-term investments

0

0

4

15

0

2,887

10,258

5,703

1,982

9,984

22,240

Acquisition of ShipStation, net of cash acquired

-

-

-

-

-

48,883

-

-

-

-

-

Acquisition of MetaPack, net of cash acquired

0

208,500

0

0

0

0

0

0

-

-

-

Release of restricted cash

-

-

-

-

-

-

-

-500

500

-554

0

Acquisition of property and equipment

2,256

2,898

6,813

7,750

2,291

2,858

5,282

26,481

1,308

1,507

225

Net cash used in investing activities

-2,256

-211,398

-5,305

-55,206

-209,884

-69,130

-8,886

-28,282

10,506

-1,372

-4,253

Financing activities:
Net proceeds from (repayments of) short-term financing obligations

-22,818

6,593

1,653

2,241

13,313

0

0

-

-

-

-

Proceeds from debt, net of debt issuance cost

-

-

-

-

162,620

0

0

-

-

-

-

Principal payments on term loan

10,828

8,764

6,703

4,639

1,031

0

0

-

-

-

-

Payments on revolving credit facility

0

12,716

71,990

10,000

0

0

-

-

-

-

-

Dividend payment

-

-

-

-

-

-

-

-

-

1,921

0

Return of capital

-

-

-

-

-

-

-

-

-

27,023

0

Proceeds from exercise of stock options

3,049

47,338

63,119

12,969

10,887

3,314

13,425

7,306

25,038

2,024

115

Issuance of common stock under Employee Stock Purchase Plan

2,817

3,756

2,937

2,181

1,554

1,238

1,114

915

506

359

300

Stock option windfall tax benefit

-

-

-

26,784

618

0

0

-

-

-

-

Repurchase of common stock

64,889

136,840

133,764

80,571

0

12,888

4,311

31,740

5,321

13,807

13,731

Payments related to tax withholding for share-based compensation

93

4,144

799

0

0

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-92,762

-104,777

-145,547

-51,035

187,961

-8,336

10,228

-23,519

20,223

-40,368

-13,316

Effect of exchange rate changes

415

-52

0

0

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

42,550

-40,146

46,971

41,806

24,193

-25,741

37,098

-24,511

46,016

-36,940

-7,565

Supplemental information:
Capital expenditures accrued but not paid at period end

34

40

30

1,250

78

6

572

2,294

0

0

-

Tenant improvement allowance

0

600

848

676

0

0

-

-

-

-

-

Income taxes paid (refunded), net

13,844

-10,100

23,480

4,832

956

856

362

221

124

199

-706

Interest paid

2,141

2,701

3,580

2,856

0

0

-

-

-

-

-

Cash paid for amounts included in the measurement of lease liabilities included in cash provided by operating activities

4,935

0

0

-

-

-

-

-

-

-

-

Lease liabilities arising from obtaining right-of-use assets

8,771

0

0

-

-

-

-

-

-

-

-

Issuance of 2015 earn-out shares

-

-

-

63,209

9,225

0

0

-

-

-

-

Non cash adjustment of purchase price allocation for Endicia acquisition

-

-

-

372

0

0

-

-

-

-

-

Non cash adjustment of purchase price allocation for ShippingEasy acquisition

-

-

-

173

0

0

-

-

-

-

-

Treasury stock accrued but not paid at period end

-

-

-

-

-

-

-

49

0

0

-

Endicia
Business acquisition

-

-

-

573

214,165

0

0

-

-

-

-

ShippingEasy
Business acquisition

-

-

-

55,447

-

21,149

0

0

-

-

-