Vonage holdings corp (VG)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net loss

-19,482

35,728

-33,933

13,151

22,596

19,447

27,801

36,627

409,044

-83,665

-42,598

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

27,815

31,444

34,255

37,651

35,620

34,464

31,208

30,949

35,776

51,928

52,072

Amortization of intangibles

58,441

39,457

38,056

34,634

26,404

16,943

4,858

2,375

1,275

1,145

1,319

Deferred income taxes

-13,411

-4,809

74,577

12,058

13,949

19,128

-

-

-

-

-

Amortization of deferred customer acquisition costs

11,359

10,287

0

0

-

-

-

-

-

-

-

Change in contingent consideration

-

-

-

-16,472

0

0

-

-

-

-

-

Allowances for doubtful accounts and obsolete inventory

2,247

2,010

2,399

1,642

-

-

-

-

-

-

-

Amortization of financing costs and debt discount

8,907

1,022

1,074

-

-

-

-

-

-

-

-

Amortization of discount on notes

-

-

-

-

-

-

-

-

914

4,732

5,469

Accrued interest paid in-kind

-

-

-

-

-

-

-

-

-

13,232

17,154

Allowance for doubtful accounts

-

-

-

-

-8

-193

-256

926

-4

-711

-193

Allowance for obsolete inventory

-

-

-

-

1,882

757

663

527

773

2,213

2,514

Amortization of debt issuance costs

-

-

-

1,080

997

1,072

1,515

1,235

1,391

1,402

2,708

Loss on disposal of property and equipment

-771

-79

-212

0

0

-

-

-

-

-

-

Loss on foreign currency

-

-

-

-

1,358

0

0

-

-

-

-

Loss from abandonment of software assets

-

-

-

-

-

-

-

-25,262

0

0

-

Deferred tax expense

-

-

-

-

-

-

16,795

19,488

-325,601

0

0

Change in fair value of embedded features in notes payable and stock warrant

-

-

-

-

-

-

-

-

-950

-99,338

-49,933

Loss on extinguishment of debt

0

-14

0

0

-

-

-

-

-11,806

-31,023

4,041

Share-based expense

45,242

33,799

37,482

40,682

27,541

21,070

17,843

11,975

14,279

8,255

8,473

Gain on sale of business

0

0

1,879

0

0

0

0

-

-

-

-

Changes in derivatives

531

198

0

0

-

-

-

-

-

-

-

Gain (Loss) on Disposal of Non-controlling Interest

-

-

-

-

-907

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

29,139

20,485

7,253

9,642

-185

-4,887

-1,236

3,461

2,663

-573

-2,930

Inventory

-27

-1,233

-789

-800

-2,815

-36

5,835

-748

1,362

568

-203

Prepaid expenses and other current assets

-1,956

-2,787

-3,339

10,182

1,904

-4,106

662

-1,345

-412

-21,322

22,053

Deferred customer acquisition costs

-30,546

-25,439

1,729

1,357

421

230

621

-66

1,891

15,505

21,523

Accounts payable and accrued expenses

38,027

13,502

-24,025

-13,604

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-3,830

-8,454

-26,335

7,801

29,090

25,606

-22,595

Accrued expenses

-

-

-

6,090

9,522

-13,042

17,869

-10,719

-21,216

19,966

-4,764

Deferred revenue

3,947

1,416

-2,584

-2,126

-3,682

-1,910

-1,111

-3,517

-5,167

-19,446

-22,153

Increase (Decrease) in Other Operating Assets

-

-

-

-

-

5,790

-1,970

788

-163

-9,118

1,510

Other assets - cloud computing implementation costs

15,480

6,255

0

-

-

-

-

-

-

-

-

Other assets and liabilities

2,776

7,613

3,820

-3,663

-288

-209

63

-864

-4,965

-6,756

-5,995

Net cash provided by operating activities

92,926

123,205

128,058

93,456

134,485

92,542

88,243

119,843

146,786

194,212

38,396

Cash flows used in investing activities:
Capital expenditures

20,273

19,032

21,915

26,146

17,323

12,436

9,889

13,763

12,636

17,674

23,724

Payments to Acquire Intangible Assets

318

0

0

50

2,500

0

0

-

3,725

0

1,250

Purchase of marketable securities

-

-

-

5,664

9,982

7,170

0

0

-

-

-

Maturities and sales of marketable securities

0

0

602

14,991

7,223

0

0

-

-

-

-

Acquisition and development of software assets

28,488

7,714

11,374

11,538

14,183

11,819

12,291

12,987

22,292

22,712

21,654

Acquisitions, net of cash acquired

3,000

380,484

0

163,042

116,744

88,098

100,057

0

0

-

-

Proceeds from sale of business

0

0

1,950

0

0

-

-

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-995

-1,252

-1,278

-1,049

-35,700

3,937

Net cash used in investing activities

-52,079

-407,230

-30,737

-191,449

-153,509

-118,528

-120,985

-25,472

-37,604

-4,686

-50,565

Cash flows provided by/(used in) financing activities:
Principal payments on capital lease obligations and other financing obligations

0

140

5,788

8,583

3,549

2,889

3,471

2,104

1,783

1,500

1,251

Payments for short and long-term debt

443,500

320,188

101,750

72,812

47,500

41,666

23,334

28,333

229,166

232,514

1,809

Proceeds from issuance of long-term debt

489,000

607,000

15,000

181,250

102,000

77,000

-

-

-

-

-

Payment of debt issuance costs

10,043

3,380

0

1,316

2,007

1,910

2,056

0

2,697

5,430

252

Proceeds received from issuance of notes payable

-

-

-

-

-

-

-

-

-

200,000

0

Discount on notes payable

-

-

-

-

-

-

-

-

-

6,000

0

Extinguishment of notes

-

-

-

-

-

-

-

-

-1,054

-99,938

0

Payments for capped call transactions and costs

28,325

0

0

-

-

-

-

-

-

-

-

Proceeds received from draw down of revolving credit facility and issuance of notes payable

-

-

-

-

-

-

102,500

0

100,000

-

-

Common stock repurchases

10,000

0

9,542

32,902

15,911

49,338

56,294

27,545

0

0

-

Employee taxes paid on withholding shares

21,034

31,584

15,572

6,444

4,754

-

-

-

-

-

-

Acquisition of redeemable noncontrolling interest

-

-

-

-

-

-

455

0

0

-

-

Proceeds from exercise of stock options

1,981

6,504

21,410

8,861

7,172

4,564

4,091

1,725

4,562

1,620

59

Net cash provided by financing activities

-21,921

258,212

-96,242

68,054

35,451

-14,239

21,891

-56,257

-130,138

-143,762

-3,253

Effect of exchange rate changes on cash

-395

-410

1,319

555

-316

-3,641

-1,596

133

885

957

1,501

Net increase in cash, cash equivalents, and restricted cash

18,531

-26,223

2,398

-29,384

16,111

-43,866

-12,447

38,247

-20,071

46,721

-13,921

Supplemental disclosures of cash flow information:
Cash paid during the periods for:
Interest

-

-

-

-

-

5,252

4,722

4,653

15,563

63,814

28,671

Income taxes

-

-

-

-

-

2,491

2,323

2,329

2,289

544

1,206

Non-cash investing activities:
Purchase of intangible assets

-

-

-

-

-

0

-

-

-

-

-

Acquisition of long-term assets included in accounts payable and accrued expenses

-

-

-

-

-

-

0

-

-

-

-

Common stock repurchases

-

-

-

-

-

661

736

644

0

0

-

Third lien convertible notes, net of discount and debt related costs

-

-

-

-

-

-

-

-

-

4,497

9,361

Embedded conversion option within third lien convertible notes

-

-

-

-

-

-

-

-

-

32,358

57,050

Issuance of shares for asset acquisition

-

-

-

-

-

22,727

26,186

0

0

-

-

Contingent consideration in connection with acquisition of business

-

-

-

-

-

0

-

-

-

-

-

Assumption of options in connection with acquisition of business

-

-

-

-

-

0

-

-

-

-

-