Stamps.com inc (STMP)
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
Operating activities:
Net income

16,494

20,334

9,148

13,992

15,755

42,661

33,413

45,524

47,044

40,200

46,225

31,040

33,138

29,028

18,672

14,291

13,238

-71

7,274

-10,431

-970

8,902

9,472

11,174

7,334

18,871

8,763

8,613

7,906

9,297

6,977

5,923

16,360

13,385

4,528

5,677

2,675

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

6,588

6,719

7,080

7,033

7,036

7,231

6,247

5,279

5,335

5,389

5,429

5,399

5,227

5,230

5,144

4,320

4,458

2,533

1,640

1,692

1,837

1,640

1,458

931

804

716

682

583

557

527

450

369

303

216

217

221

231

Stock-based compensation expense

10,725

12,473

11,753

9,808

8,857

9,999

8,911

9,891

7,548

7,160

11,334

10,968

11,367

9,194

8,822

8,417

7,516

6,791

3,061

3,401

2,642

2,397

460

926

1,016

924

1,345

1,081

1,142

816

884

968

1,323

814

1,007

802

796

Deferred income tax expense (benefit)

-

-

-

-

-

1,651

8,891

1,166

872

-834

2,812

3,021

2,817

6,899

10,669

8,746

7,309

-2,536

5,333

-4,750

-1,455

-9,575

-345

-3,634

0

-

-

-

-

-2,509

0

1

-11,916

-8,475

0

0

0

Stock option windfall tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

17,013

9,464

201

106

618

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of debt issuance costs

93

93

94

93

93

93

93

93

93

93

93

93

93

93

93

93

93

31

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,392

1,920

13,595

10,512

7,913

860

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-18,645

7,993

-4,312

-5,094

-7,639

-12,069

18,414

-24,627

11,267

28,242

-13,341

3,930

-790

2,667

12,814

3,765

-12,736

29,510

641

2,671

-342

1,780

1,000

-2,063

-6,504

8,041

-1,791

626

-3,804

2,743

1,484

2,750

-3,011

3,553

-252

985

1,312

Prepaid expenses

-3,102

2,147

895

2,023

2,750

1,283

2,921

266

1,190

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

6,110

5,659

926

2,674

2,765

-11,453

11,756

170

413

-31,367

21,428

8,425

1,682

168

-958

-177

2,410

-197

1,274

969

-309

-538

-269

282

-32

399

-703

637

501

542

326

-70

-908

960

399

-250

352

Current income taxes

-69

289

-127

-1,596

-6,742

-15,252

513

1,556

-696

22,344

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease right-of-use assets

-1,024

-903

-763

-804

-715

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

7,304

1,520

5,259

959

1,353

3,825

-223

1,559

-37

682

452

1,098

523

-4,323

1,249

-1,384

643

-1,445

-4

-713

1,484

1,051

-171

2,081

247

263

51

468

252

35

226

169

-221

473

-148

131

61

Deferred revenue

-18

200

-602

1,077

115

1,590

509

80

-29

274

-254

27

-34

-2,317

717

1,712

-307

617

85

24

53

278

56

-59

-65

21

-18

-99

-11

-39

-180

-112

-35

-135

-24

-2,278

142

Lease right-of-use liabilities

-827

-984

-863

-772

-781

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

929

5,506

-170

591

899

10,697

905

406

872

5,310

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and other current liabilities

3,248

10,317

21,738

-12,780

-6,758

8,429

-1,877

-2,450

5,690

12,297

13,446

-7,400

-2,399

14,785

566

-99

4,883

10,882

-8,883

8,742

5,312

2,815

1,318

-583

3,096

443

-546

-769

205

1,654

1,122

-1,727

899

1,948

1,495

-815

436

Net cash provided by operating activities

46,658

36,529

46,300

20,880

33,444

116,017

23,711

81,065

55,288

48,788

70,546

29,695

48,794

44,091

22,114

35,075

46,767

11,153

8,519

9,346

17,098

12,077

12,719

8,455

18,474

2,559

12,669

7,678

12,850

6,426

7,217

2,573

11,074

2,767

7,224

2,741

2,555

Investing activities:
Sale of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

1,496

3,356

2,628

1,004

2,506

49

2,286

1,583

154

2,131

3,503

768

2,021

0

3,504

634

40

1,024

227

330

7,265

2,441

1,125

0

Purchase of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,461

-29

-75

1,081

2,598

36

2,562

1,340

221

2,074

3,366

793

2,024

13

3,845

591

8

0

0

0

Sale of long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

172

-11

-28

-38

1,522

-11

-18

1,093

2,600

3

2,605

1,419

411

2,109

3,573

856

3,381

177

4,012

684

230

1,728

257

1,258

Purchase of long-term investments

-

-

-

-

-

-

-

-

-

0

0

0

4

0

0

0

15

0

0

0

0

19

0

0

2,868

4,406

5,818

0

34

105

50

57

5,491

1,982

0

0

0

Release of restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-500

500

0

0

0

Acquisition of property and equipment

1,921

507

1,139

348

262

1,311

364

776

447

841

1,612

1,295

3,065

4,847

2,202

417

284

639

422

1,098

132

563

972

217

1,106

-

-

1,497

1,514

1,315

3,173

6,641

15,352

505

477

177

149

Net cash used in investing activities

-1,921

-507

-1,139

-348

-262

-1,311

-208,864

-776

-447

-841

-1,612

217

-3,069

-3,333

-54,282

2,239

170

-212,237

-355

1,245

1,463

-495

-19,954

-45,554

-3,127

-3,075

-7,174

2,214

-851

-23

-2,035

-6,304

-19,920

4,500

3,692

1,205

1,109

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

15,665

-14,355

-3,273

660

-5,850

5,915

1,342

274

-938

2,042

135

21

-545

-472

2,203

2,297

-1,787

11,498

-82

-1,245

3,142

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on term loan

3,093

3,094

2,578

2,578

2,578

2,577

2,063

2,062

2,062

2,062

1,547

1,547

1,547

1,547

1,031

1,030

1,031

1,031

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on revolving credit facility

-

-

-

-

-

-

-

-

-

61,990

0

0

10,000

0

0

10,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

8,818

124

272

272

2,381

1,713

4,663

21,330

19,632

15,065

19,413

9,844

18,797

3,196

2,731

1,809

5,233

2,947

2,873

4,291

776

1,692

500

551

571

2,007

5,741

5,125

552

2,143

451

2,916

1,796

16,132

7,885

817

204

Issuance of common stock under Employee Stock Purchase Plan

1,950

0

717

0

2,100

1

1,774

0

1,981

0

1,468

0

1,469

0

1,073

0

1,108

-1

779

-2,124

2,900

0

582

0

656

0

597

0

517

-2

491

0

426

-210

301

2

413

Stock option windfall tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

17,013

9,464

201

106

618

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

8,577

6,318

6,386

20,187

31,998

84,416

12,248

12,811

27,365

30,637

15,208

44,023

43,896

33,160

17,401

26,582

3,428

0

0

0

0

-

-

-

-

0

0

2,514

1,797

11,841

19,899

0

0

0

265

2,864

2,192

Payments related to tax withholding for share-based compensation

0

0

0

0

93

0

0

0

4,144

0

0

799

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

14,763

-23,643

-11,248

-21,833

-36,038

-79,364

-19,248

6,731

-12,896

-77,582

4,261

-36,504

-35,722

-14,970

-2,961

-33,305

201

176,651

3,570

922

6,818

1,692

1,082

-12,337

1,227

2,007

6,338

2,611

-728

-9,700

-18,957

2,916

2,222

15,922

7,921

-2,045

-1,575

Effect of exchange rate changes

-183

441

-139

89

24

151

-203

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

59,317

12,820

33,774

-1,212

-2,832

35,493

-204,604

87,020

41,945

-29,635

73,195

-6,592

10,003

25,788

-35,129

4,009

47,138

-24,433

11,734

11,513

25,379

13,274

-6,153

-49,436

16,574

1,491

11,833

12,503

11,271

-3,297

-13,775

-815

-6,624

23,189

18,837

1,901

2,089

Supplemental information:
Accrual for payment of employee income taxes

-

-

-

-

-

-

-

-

-

-

-

-

799

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures accrued but not paid at period end

-

-

-

-

-

-

-

-

-

-93

-253

-265

641

1,128

-745

867

0

72

0

-13

19

-34

25

-19

34

373

-7

-462

668

1,650

644

-763

763

-

-

-

0

Tenant improvement allowance

-

-

-

-

-

-

-

-

-

0

0

493

355

0

0

676

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid (refunded), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

121

259

562

14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

1,275

1,405

1,291

1,107

1,132

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities arising from obtaining right-of-use assets

852

122

1,864

1,303

5,482

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of 2015 earn-out shares

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

63,209

0

0

0

9,225

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non cash adjustment of purchase price allocation for Endicia acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

372

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Endicia
Business acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

573

214,165

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-