2u, inc. (TWOU)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Cash flows from operating activities
Net loss

-235,222

-38,330

-29,423

-20,684

-26,733

-28,999

-27,953

-23,113

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, Depletion and Amortization

69,843

32,785

19,624

9,750

7,220

5,572

4,335

2,869

Stock-based compensation expense

51,504

31,410

21,930

15,823

12,499

7,527

2,426

1,395

Non-cash lease expense

11,725

0

0

-

-

-

-

-

Accounts Receivable, Credit Loss Expense (Reversal)

1,425

0

0

-

-

-

-

-

Goodwill, Impairment Loss

70,379

0

0

-

-

-

-

-

Charge related to execution of new lease agreement

-

-

-

-

884

-

-

-

Loss on impairment and disposal of long-lived assets

-

-

-

-

-

-

811

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

74

Change in the fair value of the Series D redeemable convertible preferred stock warrants prior to conversion

-

-

-

-

-

-

-

-22

Changes in operating assets and liabilities:
Accounts receivable, net

-11,949

18,497

5,634

6,885

625

-1,485

1,587

-1,142

Increase in accrued expenses and other liabilities

-

-

-

-

-

2,978

1,762

1,047

Payments to university clients

-21,675

-11,322

-13,239

2,234

-3,664

-826

-

159

Prepaid expenses and other assets

6,845

4,932

-1,549

1,090

4,876

374

939

-

Accounts payable and accrued expenses

17,081

4,724

3,504

-2,459

2,366

-

-

-

Decrease in advances to clients

-

-

-

-

-

1,094

-415

-

Prepaid expenses

-

-

-

-

-

-

-

24

Related party receivable

-

-

-

-

-

-

-

-265

Other assets

-

-

-

-

-

-

-

133

Increase in accounts payable

-

-

-

-

-

-2,565

1,894

1,328

Accrued compensation and related benefits

-5,539

4,046

2,504

3,086

4,317

3,123

3,924

-

Deferred revenue

10,014

1,527

1,661

528

703

640

530

-5,002

Decrease (increase) in other assets and other liabilities, net

-

-

-

-

-

-153

1,267

-

Rebate reserve

-

-

-

-

-

-

-

240

Other liabilities, net

-28,595

-6,243

4,763

4,907

-1,608

-

-

120

Other

1,982

1,712

867

0

250

695

-33

-

Net cash used in operating activities

-51,974

-3,120

8,106

5,210

-9,267

-11,685

-15,682

-20,185

Cash flows from investing activities
Purchase of a business, net of cash acquired

388,004

0

97,102

0

-

-

-

-

Additions of amortizable intangible assets

64,923

65,190

23,823

16,728

12,358

-

-

-

Purchases of property and equipment

13,421

11,996

27,316

7,648

1,256

1,499

2,367

2,275

Purchase of investments

10,000

25,000

0

0

-

-

-

-

Proceeds from maturities of investments

25,000

0

0

-

-

-

-

-

Advances made to university clients

400

300

1,950

0

-

-

-

-

Advances repaid by university clients

350

25

817

0

-

-

-

-

Capitalized technology and content development cost expenditures

-

-

-

-

-

9,454

5,213

2,578

Other

-

-

-

142

2,331

29

56

362

Net cash (used in) provided by investing activities

-451,398

-102,461

-149,374

-24,518

-15,945

-10,982

-7,636

-5,215

Cash flows from financing activities
Payments on debt

0

0

1,517

0

-

-

-

-

Proceeds from issuance of common stock, net of offering costs

0

330,901

189,463

0

117,112

100,302

-

-

Proceeds from debt

244,724

0

3,500

0

-

-

-

-

Payment of debt issuance costs

1,953

0

0

-

-

-

-

-

Tax withholding payments associated with settlement of restricted stock units

2,574

3,451

1,309

378

436

-

-

-

Proceeds from exercise of stock options

3,119

7,366

6,615

4,859

5,336

2,282

325

611

Proceeds from employee stock purchase plan share purchases

3,382

3,121

0

0

-

-

-

-

Payments for acquisition of amortizable intangible assets

2,180

4,900

0

0

-

-

-

-

Proceeds from revolving line of credit

-

-

-

-

-

5,000

-

-

Payment on revolving line of credit

-

-

-

-

-

5,000

-

-

Proceeds from issuance of Series D redeemable convertible preferred stock, net of issuance costs

-

-

-

-

-

-

4,994

26,021

Other

-

-

-

-172

-

-

-179

-

Net cash (used in) provided by financing activities

244,518

333,037

196,752

4,309

122,012

102,584

5,140

26,632

Effect of exchange rate changes on cash

-1,049

-1,054

-844

0

-

-

-

-

Net decrease in cash, cash equivalents and restricted cash

-259,903

226,402

54,640

-14,999

96,800

79,917

-18,178

1,232

Supplemental Cash Flow Information [Abstract]
Supplemental disclosure of non-cash investing and financing activities
Capital Expenditures Incurred but Not yet Paid

-

-

-

-

-

557

216

-40

Accretion of issuance costs on redeemable convertible preferred stock

-

-

-

-

-

89

347

339

Deferred offering costs included in accounts payable and accrued expenses

-

-

-

-

-

-

-1,057

-

Issuance of Series D redeemable convertible preferred stock warrant in connection with revolving line of credit

-

-

-

-

-

-

-107

-

Common stock granted in exchange for consulting services received

-

-

-

-

-

55

-

-