Upland software, inc. (UPLD)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Operating activities
Net loss

-45,371

-10,839

-18,725

-13,513

-13,664

-20,117

-9,197

-2,507

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

34,621

21,347

11,914

9,794

8,451

7,457

5,595

2,817

Change in fair value of liabilities to sellers of businesses

-

-

-

-

-

-

-

771

Deferred income taxes

-9,432

268

-262

529

207

-295

-104

-85

Amortization of deferred costs

3,476

2,367

0

0

-

-

-

-

Foreign currency re-measurement loss

-58

-305

382

64

-981

0

0

-

Non-cash interest and other expense

1,398

874

592

327

376

589

1,585

0

Non-cash stock compensation expense

25,754

14,130

9,977

4,333

2,741

1,077

498

92

Stock-based compensationrelated party vendor

-

-

-

-

-

11,220

0

0

Non-cash loss on divestiture of assets

-1,988

0

0

-746

0

0

-

-

Non-cash loss on retirement of fixed assets

0

0

19

-276

0

0

-

-

Non-cash loss on debt extinguishment

-2,300

0

0

-

-

-

-

-

Changes in operating assets and liabilities, net of purchase business combinations:
Accounts receivable

-3,160

5,212

4,710

361

-741

1,579

-2,941

3,547

Prepaids and other

5,532

2,798

-1,555

-648

-1,873

-484

1,617

773

Accounts payable

-73

-3,399

1,254

-1,453

157

639

-1,113

875

Accrued expenses and other liabilities

-4,153

-17,615

3,715

413

-2,796

-924

2,176

-403

Deferred revenue

3,865

7,919

2,807

2,200

-570

2,626

-1,003

5,906

Net cash provided by (used in) operating activities

12,076

7,347

7,716

3,875

-1,503

1,177

-239

1,604

Investing activities
Purchase of property and equipment

1,040

935

396

670

956

861

263

274

Purchase of customer relationships

696

0

55

408

791

0

0

-

Purchase business combinations, net of cash acquired

216,025

160,751

110,324

12,151

7,664

6,217

28,175

33,038

Cash included in distribution of spin-off

-

-

-

-

-

-

127

0

Net cash used in investing activities

-217,761

-161,686

-110,775

-13,229

-9,411

-7,078

-28,565

-33,312

Financing activities
Payments on finance leases

529

1,136

1,497

1,683

1,020

541

351

486

Proceeds from notes payable, net of issuance costs

625,666

172,397

74,538

30,992

24,083

5,685

28,036

17,000

Payments on notes payable

383,568

4,689

11,912

7,190

23,907

10,910

17,516

3,646

Taxes paid related to net share settlement of equity awards

12,659

9,400

3,387

0

0

-

-

-

Issuance of preferred stock, net of issuance costs

-

-

-

-

-

-97

19,716

11,387

Issuance of common stock, net of issuance costs

151,551

807

43,797

-515

-18

38,846

0

0

Additional consideration paid to sellers of businesses

16,693

8,056

5,361

2,079

359

599

321

0

Net cash used in financing activities

363,768

149,923

96,178

19,525

-1,221

32,384

29,564

24,255

Effect of exchange rate fluctuations on cash

203

-1,172

449

114

-380

-198

51

0

Change in cash and cash equivalents

158,286

-5,588

-6,432

10,285

-12,515

26,285

811

-7,453

Supplemental disclosures of cash flow information:
Cash paid for interest, net of interest rate swaps

23,862

12,429

6,012

2,455

1,523

1,382

1,221

446

Cash paid for taxes

3,557

3,348

1,782

488

314

252

287

152

Sales commissions paid, net of amortization of deferred commissions

5,119

2,408

3,231

-

-

-

-

-

Non-cash investing and financing activities:
Business combination consideration including holdbacks and earnouts

16,108

17,713

9,132

5,100

-

-

-

-

Notes payable issued to sellers in business combination

-

-

-

-

-

-

3,500

1,328

Equipment acquired pursuant to financing lease obligations

44

0

50

1,293

3,428

1,572

649

406

Issuance of common stock in business combination

-

-

-

8,300

1,386

6,146

-

-