Techtarget inc (TTGT)
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

2,207

4,083

5,351

4,151

3,290

2,672

3,769

4,420

2,094

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-29

-

-22

2,399

-48

1,969

2,041

2,829

347

1,705

938

1,303

135

-1

577

-871

-1,542

1,022

672

1,965

365

1,983

963

1,818

-75

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

1,516

1,355

1,299

1,202

1,143

1,144

1,156

1,140

1,108

1,261

1,109

1,135

1,131

1,188

1,134

1,249

1,322

1,287

1,336

1,360

1,381

1,441

1,475

1,466

1,440

1,472

1,435

1,533

1,606

1,548

1,692

1,686

1,704

1,704

1,647

1,657

1,727

Provision for bad debt

139

102

-130

157

210

285

200

256

245

200

201

200

205

605

-120

191

218

194

206

183

222

246

169

160

133

230

42

149

143

508

30

18

271

30

-16

172

130

Amortization of investment premiums

-

-

-

-

-

5

13

21

34

48

60

77

77

91

79

69

69

57

55

67

57

49

58

88

96

101

110

139

116

83

220

294

330

335

299

232

117

Stock-based compensation

3,428

5,063

2,930

3,762

2,462

2,969

3,128

1,514

1,502

1,603

2,126

1,589

1,594

1,782

2,044

1,476

1,550

1,833

2,028

1,316

1,447

3,114

1,622

1,189

1,407

1,559

1,383

1,214

1,429

1,357

1,487

1,129

1,294

1,815

1,708

1,946

2,000

Amortization of debt issuance costs

2

2

3

2

2

214

28

28

28

28

28

30

23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax provision

274

-

-

-

-362

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-418

1,951

22

-1

198

34

4

-5

-483

-674

2

-219

Excess tax benefit-stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,217

-969

96

368

-152

146

78

434

48

110

66

198

1,346

237

68

403

Other non-cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10

-

0

4

-36

-

-4

-105

86

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-3,409

2,561

-2,562

1,982

-4,582

2,706

-496

-1,308

646

408

5,513

-303

2,237

-2,655

-4,338

4,116

-230

-2,346

396

2,395

3,735

-25

27

-1,569

3,412

-3,442

-1,975

2,385

1,536

-1,790

-2,975

-631

3,536

-830

-1,828

3,064

1,255

Prepaid expenses and other current assets

752

-859

-264

-602

714

-922

1,260

-1,047

859

346

444

-680

995

-779

-34

-442

912

222

762

-1,368

533

-646

2,061

-2,247

1,744

-3,162

435

-983

4,234

-851

-599

-396

1,462

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

439

-34

572

Other assets

-14

16

-36

-51

145

-10

0

0

-1

-1

-4

-9

-31

106

-21

17

-50

-206

-2

-11

-43

38

550

-18

24

265

-9

22

36

-12

-34

-41

141

-1

-7

21

68

Accounts payable

-341

25

982

-958

115

66

44

-84

306

-192

54

-14

-658

280

18

-261

262

17

-994

336

-280

242

-164

-187

165

-341

-624

1,465

-739

52

-914

133

585

-720

-402

178

91

Income taxes payable

578

1,974

-603

115

1,038

993

-1,112

-769

490

1,163

634

1,076

-129

-372

-245

1,729

-390

-230

412

-1,923

116

2,586

2,267

3

-167

-4,349

137

46

-838

940

53

417

-1,089

2,696

-211

1,705

-1,016

Accrued expenses and other current liabilities

41

-729

112

705

-880

-482

49

667

-446

-27

513

-157

-486

-201

-164

15

-637

2,200

-1,677

38

1,242

-364

-469

153

104

-1,426

1,609

-794

1,023

-248

-200

-68

-905

341

-181

1,175

586

Operating lease right-of-use assets and ;liabilities, net

82

-

76

77

84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation expenses

-949

546

311

111

-874

328

186

235

-413

151

289

139

91

128

-113

-34

59

13

-134

247

-1,093

414

296

383

-614

516

106

41

-680

278

205

-47

-379

194

46

332

-1,351

Contract liabilities

213

-614

-1,536

891

22

297

11

-2,715

382

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities

-

-

-

-

-

-

-

-

-

-

1,437

852

870

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,301

2,936

696

-1,344

-650

1,344

1,304

-3,171

206

1,553

1,255

-3,345

828

2,268

1,361

-2,061

435

262

1,738

-2,295

-1,104

1,584

605

Other liabilities

-

-

-

-

-1

-76

-76

-122

-31

3,496

-111

-111

-99

-133

-134

205

-100

-97

-86

-105

-2,084

-227

-65

-455

406

1,041

-1,595

29

6

19

-172

-6

-66

-16

-23

-999

381

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-611

-

4,935

6,045

2,369

11,979

1,528

2,528

-1,556

5,315

4,664

9,390

-1,152

1,507

7,366

3,844

-4,442

-

-

-

-

-

-

-

-

Net cash provided by operating activities

9,697

9,456

11,174

9,015

9,804

6,504

6,632

6,946

3,795

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,040

6,789

-1,494

5,286

3,211

6,683

678

Investing activities:
Purchases of property and equipment, and other capitalized assets

1,636

1,564

1,392

1,546

1,833

568

948

1,424

2,598

1,376

809

864

1,088

975

787

1,501

1,147

968

814

1,031

886

830

939

914

1,164

868

1,001

1,457

1,151

968

805

896

1,481

-

-

-

-

Purchases of investments and maturities of investments

42

-

-

-

-500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment, and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,239

1,195

1,162

Purchases of investments

-

-

-

-

-

-

-

-

-

0

0

0

500

-

-

-

-

2,669

2,600

0

2,622

6,671

4,788

2,037

1,605

0

2,602

5,121

8,710

6,597

7,396

6,340

1,040

6,775

2,949

21,658

6,829

Proceeds from sales and maturities of investments

-

-

-

-

-

2,500

1,000

1,600

2,500

3,600

3,300

500

3,500

-

-

-

-

1,000

2,347

1,600

1,710

-

-

-

-

-

-

-

-

9,430

14,524

4,000

2,000

0

4,225

4,800

8,345

Acquisitions of businesses, net

5,015

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-6,693

-6,576

-1,392

-1,546

-1,333

1,932

-318

176

-98

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,323

-3,236

-521

-7,660

-6

-20,059

354

Financing activities:
Net cash (used in) provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

1,912

-

603

-1,501

-1,147

-2,637

-1,067

569

-1,798

-3,186

673

549

-2,769

19,687

-1,103

-4,078

-9,861

-

-

-

-

-

-

-

-

Tax withholdings related to net share settlements

68

171

1,751

0

868

77

2,338

213

522

151

3,037

172

580

66

3,231

439

710

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit-stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,217

-969

96

368

-152

146

78

434

48

110

66

198

1,346

237

68

403

Purchase of treasury shares and related costs

14,824

2,342

0

1,600

3,125

3,125

2,351

0

1,613

2,863

3,077

771

1,374

-

-

-

-

-

-

-

-

12,336

2,637

0

16

35,503

679

1,618

10,112

-

-

-

-

-

-

-

-

Shelf registration and other fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of earnout liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

459

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

267

96

0

23

49

73

477

406

381

235

265

61

229

2,858

1,044

61

210

589

238

1,765

2,594

442

1,128

640

609

13

1

937

1

6

262

497

1,669

42

546

560

Term loan principal payment

313

-

313

312

313

-

2,500

2,500

2,500

-

1,250

1,250

1,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-3,143

-

-4,248

9,057

-1,108

-9,448

-4,743

-1,591

1,761

-8,571

-3,180

1,224

992

-35,110

-596

-1,539

-8,741

-

-

-

-

-

-

-

-

Net cash used in financing activities

-15,205

-2,558

-1,968

-1,912

-4,283

-3,197

-7,116

-2,236

-4,229

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-64

328

695

3,015

279

614

963

Effect of exchange rate changes on cash

-7

25

-79

-3

-10

-13

-20

-39

-12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash

-12,208

347

7,735

5,554

4,178

5,226

-822

4,847

-544

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-24

-

-127

90

66

-5

13

-7

-18

-35

-15

12

-48

56

52

-62

23

-35

35

-195

216

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-1,866

-

1,163

13,691

180

-111

-4,269

1,499

-1,611

-6,477

2,142

11,175

-2,977

-13,860

5,719

-1,835

-23,021

6,707

13,334

3,686

-1,104

485

3,484

-12,762

1,995

Supplemental disclosure of cash flow information:
Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

-

-

-

0

Cash paid for taxes, net

70

69

2,105

1,286

121

-109

943

1,729

62

123

65

-46

-185

26

148

74

463

828

1,360

2,979

202

819

-888

0

187

-1

0

556

2,279

39

933

711

1,979

552

2,254

17

1,330

Property and equipment included in accounts payable and in accrued expenses and other liabilities

-

-

-

-

-

-

-108

87

429

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-