Vonage holdings corp (VG)
CashFlow / TTM
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
Cash flows from operating activities:
Net loss

-22,703

-19,482

-24,050

6,635

10,670

35,728

-12,602

-11,588

-15,322

-33,933

19,302

15,740

11,133

13,151

18,595

14,988

23,117

22,596

24,684

25,616

22,652

19,447

17,275

16,895

18,959

27,801

37,312

46,540

35,753

36,627

373,940

376,764

401,852

409,044

0

0

0

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

27,490

27,815

27,130

27,049

30,681

31,444

32,737

34,389

33,105

34,255

35,740

36,453

36,903

37,651

37,239

36,946

36,436

35,620

36,336

35,563

34,983

34,464

32,699

32,369

31,808

31,208

30,317

29,968

30,281

30,949

31,712

32,592

33,046

35,776

0

0

0

Amortization of intangibles

58,037

58,441

55,248

50,032

44,808

39,457

36,904

37,411

37,885

38,056

37,718

36,842

36,350

34,634

33,955

31,676

28,431

26,404

21,973

19,646

18,222

16,943

15,871

12,314

8,621

4,858

2,374

2,374

2,374

2,375

2,198

1,891

1,583

1,275

0

0

0

Deferred income taxes

-1,660

-13,411

-2,933

-19,356

-4,437

-4,809

62,596

72,383

69,725

74,577

2,886

-4,950

-1,184

12,058

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred customer acquisition costs

12,490

11,359

11,266

10,785

10,658

10,287

7,002

4,423

2,159

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowances for doubtful accounts and obsolete inventory

3,615

2,247

1,751

1,058

1,290

2,010

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of financing costs and debt discount

12,293

8,907

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of discount on notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

914

0

0

0

Allowance for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

0

1,396

-

720

598

18

-8

-18

-19

-121

-193

-304

-339

-254

-256

-135

-127

1,028

926

850

972

45

-4

0

0

0

Allowance for obsolete inventory

-

-

-

-

-

-

-

-

-

-

-

0

727

-

1,034

1,000

702

1,882

1,813

1,775

1,834

757

449

649

654

663

784

665

571

527

681

765

762

773

0

0

0

Amortization of debt issuance costs

-

-

-

-

-

-

-

-

1,056

-

580

767

1,105

1,080

1,054

1,050

1,010

997

995

992

1,021

1,072

1,145

1,276

1,416

1,515

1,445

1,329

1,261

1,235

1,377

1,450

1,403

1,391

0

0

0

Loss on disposal of property and equipment

-998

-771

-656

-357

-419

-79

-248

-244

-146

-212

-132

-134

-240

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,358

-1,358

-1,358

-1,358

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

14,498

12,735

12,508

16,795

24,872

28,782

23,220

19,488

-315,234

-322,426

-321,339

-325,601

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-950

0

0

0

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,806

0

0

0

Share-based expense

48,343

45,242

41,456

37,058

34,650

33,799

32,980

32,563

33,540

37,482

42,551

44,903

45,485

40,682

34,588

32,019

28,356

27,541

24,252

22,148

20,264

21,070

21,657

20,556

20,155

17,843

15,459

14,248

13,334

11,975

13,420

14,078

14,427

14,279

0

0

0

Gain on sale of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-907

-907

-907

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in derivatives

531

531

531

463

331

198

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

27,861

29,139

28,611

36,497

19,673

20,485

18,368

15,789

11,407

7,253

8,368

1,186

4,307

9,642

3,068

862

-2,691

-185

-5,133

-572

-1,340

-4,887

-400

-2,245

-1,632

-1,236

-542

3,871

5,123

3,461

5,433

2,527

818

2,663

0

0

0

Inventory

25

-27

-511

-1,054

-1,591

-1,233

-907

-1,059

-270

-789

-1,374

-247

-1,165

-800

-2,321

-2,727

-4,919

-2,815

1,447

2,070

6,573

-36

-3,299

-2,383

-1,526

5,835

5,861

1,241

1,374

-748

-72

5,388

2,504

1,362

0

0

0

Prepaid expenses and other current assets

3,601

-1,956

5,867

-1,249

-5,584

-2,787

-5,102

-4,069

-1,428

-3,339

3,368

5,293

7,819

10,182

-502

964

2,574

1,904

717

-7,373

-4,065

-4,106

-3,471

-773

1,706

662

344

5,792

-3,026

-1,345

753

-1,240

2,409

-412

0

0

0

Deferred customer acquisition costs

-32,129

-30,546

-29,139

-28,974

-27,085

-25,439

-16,279

-10,108

-4,084

1,729

-549

444

273

1,357

1,650

523

951

421

165

312

348

230

1,800

2,359

662

621

-341

-1,330

-92

-66

-71

15

785

1,891

0

0

0

Accounts payable and accrued expenses

23,361

38,027

30,647

-9,187

1,087

13,502

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

0

-9,537

-

-12,382

7,859

12,159

-3,830

-10,496

-5,782

-5,988

-8,454

1,523

-5,204

-19,545

-26,335

-11,105

-14,494

-731

7,801

2,434

11,228

19,419

29,090

0

0

0

Accrued expenses

-

-

-

-

-

-

-

0

0

-

-

5,614

4,070

6,090

3,505

-4,105

-7,688

9,522

-5,741

-16,183

-12,682

-13,042

-9,391

-5,164

10,085

17,869

18,921

11,929

-6,144

-10,719

-27,604

-11,910

-8,801

-21,216

0

0

0

Deferred revenue

7,193

3,947

10,987

9,528

2,538

1,416

-3,811

-2,791

-2,644

-2,584

-818

-2,098

-2,567

-2,126

-4,401

-3,883

-3,560

-3,682

-2,956

-2,351

-2,327

-1,910

-1,192

-1,537

-696

-1,111

-2,206

-1,821

-2,975

-3,517

-4,500

-4,990

-4,863

-5,167

0

0

0

Increase (Decrease) in Other Operating Assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

691

-

1,091

7,168

6,577

5,790

5,942

-734

-1,990

-1,970

-2,059

-1,532

322

788

994

1,054

686

-163

0

0

0

Increase (Decrease) in Other Operating Assets and Liabilities, Net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets - cloud computing implementation costs

-

-

-

-

-

6,255

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and liabilities

-

-

-

-

-

7,613

1,513

2,771

5,336

3,820

195

-1,210

-3,356

-3,663

-952

-1,267

-718

-288

633

580

354

-209

64

64

63

63

-893

-884

-873

-864

85

-1,221

-3,121

-4,965

0

0

0

Net cash provided by operating activities

92,679

92,926

88,592

85,337

102,487

123,205

141,921

161,300

134,265

128,058

104,442

83,622

93,249

93,456

120,473

131,051

141,229

134,485

114,935

105,034

93,879

92,542

97,322

93,108

87,878

88,243

113,200

107,807

118,476

119,843

97,442

124,818

140,448

146,786

0

0

0

Cash flows used in investing activities:
Capital expenditures

17,883

20,273

23,771

20,701

21,059

19,032

16,812

20,707

21,464

21,915

21,956

19,193

20,952

26,146

27,725

28,311

24,162

17,323

14,778

14,297

13,550

12,436

10,117

7,185

8,800

9,889

16,214

15,874

13,761

13,763

8,340

11,161

13,371

12,636

0

0

0

Payments to Acquire Intangible Assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

5,664

8,391

11,137

11,539

9,982

9,797

11,679

9,231

7,170

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Maturities and sales of marketable securities

-

-

-

-

-

-

-

-

-

602

6,557

8,069

11,365

14,991

11,384

12,617

10,284

7,223

4,875

2,130

887

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition and development of software assets

33,264

28,488

22,352

16,491

10,064

7,714

8,134

8,710

11,141

11,374

11,989

12,767

12,606

11,538

15,238

14,296

14,237

14,183

9,782

10,330

11,291

11,819

13,510

13,125

12,764

12,291

11,553

9,537

8,300

12,987

15,926

23,642

25,699

22,292

0

0

0

Acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

116,744

204,988

113,350

91,603

88,098

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-996

-995

-1,995

-995

-994

-994

6

-1,252

-1,252

-1,536

-1,536

-1,278

-1,281

-1,000

-1,001

-1,049

0

0

0

Net cash used in investing activities

-54,540

-52,079

-397,308

-417,676

-411,607

-407,230

-56,295

-28,467

-30,375

-30,737

-26,438

-22,941

-187,331

-191,449

-203,863

-299,159

-156,392

-153,509

-235,974

-146,531

-122,793

-118,528

-127,318

-119,373

-121,627

-120,985

-26,515

-23,875

-20,525

-25,472

-26,710

-37,528

-41,794

-37,604

0

0

0

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

-

-

-

-

-

140

206

1,022

2,184

5,788

6,831

7,115

7,021

8,583

8,487

8,262

7,978

3,549

3,286

3,119

3,003

2,889

3,779

3,673

3,571

3,471

2,374

2,282

2,191

2,104

2,020

1,938

1,859

1,783

0

0

0

Payments for short and long-term debt

441,000

443,500

445,000

681,813

313,001

320,188

339,375

126,750

106,749

101,750

80,750

58,750

63,750

72,812

81,875

70,937

56,250

47,500

18,750

20,000

20,833

41,666

42,500

43,333

43,333

23,334

24,583

25,833

27,084

28,333

43,333

173,333

221,249

229,166

0

0

0

Proceeds from issuance of long-term debt

492,500

489,000

814,000

1,076,000

638,500

607,000

272,000

10,000

10,000

15,000

15,000

15,000

196,250

181,250

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

9,915

10,043

9,719

12,271

3,508

3,380

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,056

2,056

2,009

2,009

0

0

0

0

-

-

-

-

Proceeds received from issuance of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Common stock repurchases

-

-

-

-

-

-

-

-

-

9,542

9,542

9,542

34,854

32,902

32,902

35,053

15,332

15,911

28,502

39,573

47,496

49,338

48,671

49,753

49,593

56,294

63,484

57,611

44,257

27,545

0

0

0

-

-

-

-

Employee taxes paid on withholding shares

15,124

21,034

20,892

21,989

22,663

31,584

31,709

29,628

28,964

15,572

17,012

17,040

17,643

6,444

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

1,656

1,981

2,065

2,713

4,813

6,504

13,051

14,503

20,133

21,410

17,168

17,800

11,843

8,861

7,331

5,918

4,813

7,172

6,312

5,226

5,553

4,564

4,785

5,201

5,644

4,091

4,200

3,672

1,514

1,725

1,134

1,177

3,344

4,562

0

0

0

Net cash provided by financing activities

-10,208

-21,921

302,108

324,270

304,060

258,212

-89,615

-132,897

-107,764

-96,242

-81,967

-59,647

83,509

68,054

54,888

142,873

-2,404

35,451

122,767

37,624

29,311

-14,239

-7,075

-16,150

-15,445

21,891

-60,342

-56,563

-46,527

-56,257

-52,650

-77,845

-123,515

-130,138

0

0

0

Effect of exchange rate changes on cash

-2,945

-395

-316

-306

-185

-410

12

-546

1,226

1,319

587

1,324

843

555

392

-387

-313

-316

-1,319

-2,603

-2,445

-3,641

-3,476

-1,171

-2,428

-1,596

-1,136

-1,203

-773

133

1,036

-224

449

885

0

0

0

Net increase in cash, cash equivalents, and restricted cash

24,986

18,531

-6,924

-8,375

-5,245

-26,223

-3,977

-610

-2,648

2,398

-3,376

2,358

-9,730

-29,384

-28,110

-25,622

-17,880

16,111

409

-6,476

-2,048

-43,866

-40,547

-43,586

-51,622

-12,447

25,207

26,166

50,651

38,247

19,118

9,221

-24,412

-20,071

0

0

0

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

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

8,237

-

6,691

6,093

5,648

5,252

5,553

5,380

5,142

4,722

4,198

4,155

4,267

4,653

5,095

6,989

10,965

15,563

0

0

0

Income taxes

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

4,051

-

2,724

2,827

2,487

2,491

2,292

2,020

2,125

2,323

2,088

1,914

1,779

2,329

3,217

3,175

3,007

2,289

0

0

0

Non-cash investing activities:
Acquisition of long-term assets included in accounts payable and accrued expenses

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock repurchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

26

425

153

661

272

665

1,093

736

1,037

1,273

1,080

644

0

0

0

-

-

-

-

Issuance of shares for asset acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-