TWILIO INC. TWLO Cash Flow

Twilio inc. (TWLO)

CashFlow / TTM

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
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss
-365,351	-307,063	-263,974	-203,296	-134,723	-121,949	-93,710	-90,107	-73,210	-63,708	-57,397	-45,198	-49,083	-41,324	0	0	0
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization
121,421	110,430	87,144	64,313	41,712	26,095	23,604	21,676	20,440	18,764	16,429	13,510	10,690	8,315	0	0	0
Non-cash reduction to the right-of-use asset
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount and issuance costs
24,033	23,696	23,368	23,040	19,894	14,053	0	0	0	-	-	-	-	-	-	-	-
Right-of-use asset amortization
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Net amortization of investment premium and discount
-	-	-	-	-	1,496	0	0	0	-	-	-	-	-	-	-	-
Amortization of bond premium
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Stock-based compensation
275,019	264,318	229,318	183,791	134,057	93,273	74,933	66,380	57,774	49,619	44,549	38,009	30,585	24,225	0	0	0
Amortization of deferred commissions
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Provision for doubtful accounts
-	-	-	-	-	-	-	0	883	-	535	580	914	1,145	0	0	0
Tax benefit related to release of valuation allowance
4,263	55,745	55,999	53,502	51,644	0	0	0	0	-	-	-	-	-	-	-	-
Allowance for credit losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Value of donated common stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other adjustments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of internally developed software and intangible assets
-	-	-	-	-	-	-	-	717	-	619	661	652	711	0	0	0
(Gain) loss on lease termination and asset disposals
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
74,274	51,357	46,210	54,709	43,828	58,234	45,750	31,963	27,942	15,280	6,152	12,886	7,798	8,254	0	0	0
Prepaid expenses and other current assets
18,967	20,316	22,882	21,580	20,730	8,739	-561	2,566	-5,698	-2,214	7,141	1,610	12,679	13,755	0	0	0
Other long-term assets
20,821	18,021	12,380	9,366	7,095	5,305	4,153	2,960	2,975	1,984	1,582	953	322	129	0	0	0
Accounts payable
-4,709	17,255	9,672	2,720	1,438	6,980	5,663	19,281	11,987	5,433	808	-4,216	-5,486	1,714	0	0	0
Accrued expenses and other current liabilities
86,646	46,154	39,214	31,056	26,679	45,120	37,874	31,039	14,256	-3,312	4,103	9,048	25,510	24,182	0	0	0
Deferred revenue and customer deposits
3,180	2,968	3,909	4,585	5,150	5,958	5,288	4,507	3,860	3,560	4,094	3,868	4,216	4,076	0	0	0
Operating right of use liability
-26,362	-21,138	-15,397	-9,367	-1,784	0	0	0	0	-	-	-	-	-	-	-	-
Long-term liabilities
1,951	-3,501	-2,134	-1,921	-2,356	-597	-2,324	-2,184	-1,646	-841	-193	88	9,454	9,097	0	0	0
Net cash provided by (used in) operating activities
38,696	14,048	-2,826	-25,061	-18,066	7,983	16,632	20,019	11,241	-3,255	-1,376	935	6,515	10,097	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of intangible assets
-	-	-	-	-	-	-	-	394	-	345	629	649	785	0	0	0
Acquisitions, net of cash acquired, and other related payments
36,411	-122,749	-146,045	-116,383	-126,209	30,574	29,662	0	0	22,621	0	0	0	-	-	-	-
Purchases of marketable securities and other investments
1,846,949	2,038,422	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Purchases of marketable securities
-	-	-	-	-	-	-	-	165,110	-	0	0	0	-	-	-	-
Proceeds from sale of marketable securities
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from sales and maturities of marketable securities
873,645	697,171	557,260	423,630	308,415	195,497	0	0	0	-	-	-	-	-	-	-	-
Capitalized software development costs
25,197	21,922	21,079	20,108	20,102	19,546	20,275	19,238	18,426	17,280	15,361	14,137	12,683	11,527	0	0	0
Purchases of long-lived assets
49,034	45,368	20,675	10,676	6,822	5,109	4,353	5,081	5,507	9,538	17,505	19,001	18,363	14,174	0	0	0
Net cash provided by (used in) investing activities
-1,083,946	-1,285,792	-1,173,728	-963,166	-248,680	-139,419	-138,185	-129,404	-45,670	-226,748	-250,137	-255,363	-226,146	-34,986	0	0	0
Payments of costs related to public offerings
-	-	-	-	-	-	-	-	-	430	1,100	2,937	3,410	4,606	0	0	0
Principal payments on notes payable
-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-
Principal payments on finance leases and notes payable
6,145	5,646	3,927	2,463	1,455	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from exercises of stock options
50,383	57,480	53,181	51,419	48,529	39,879	42,193	33,206	31,588	37,645	26,855	22,982	21,082	9,102	0	0	0
Value of equity awards withheld for tax liabilities
6,024	5,412	5,082	4,324	3,345	2,654	1,922	1,277	894	678	0	0	0	-	-	-	-
Net cash provided by financing activities
1,011,937	1,020,145	1,017,858	1,026,640	522,323	515,819	511,425	507,921	30,402	36,437	97,381	91,459	242,185	229,164	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-	-	-	-	-	163	91	850	211	74	0	0	0	-	-	-	-
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
-33,313	-251,599	-158,638	37,758	255,592	384,546	389,963	399,386	-3,816	-193,492	-154,044	-162,927	22,565	204,275	0	0	0
Cash paid for income taxes, net
1,659	1,368	529	291	512	564	660	553	581	605	561	502	236	225	0	0	0
Cash paid for interest
2,340	2,290	2,147	1,078	889	741	0	0	0	-	-	-	-	-	-	-	-
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Purchases of property, equipment and intangible assets, accrued but not paid
0	-	0	0	0	-	0	0	-476	-	1,952	2,528	4,507	4,201	0	0	0
Purchases of property and equipment through finance leases
-7,768	5,848	5,619	16,094	16,094	2,478	0	0	0	-	-	-	-	-	-	-	-
Value of common stock issued and stock awards assumed in acquisition
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Vesting of early exercised options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Stock-based compensation capitalized in software development costs
9,600	7,800	7,000	6,000	5,872	5,700	5,888	5,543	4,919	4,200	3,597	2,822	2,346	1,953	0	0	0
Costs related to public offerings, accrued but not paid
-	-	-	-	-	-	-	-	-	-	-	-	-94	430	0	0	0