Varonis systems, inc. (VRNS)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Cash flows from operating activities:
Net loss

-78,764

-28,578

-13,844

-14,193

-21,283

-19,398

-7,475

-4,846

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

6,321

4,156

3,328

2,180

1,615

1,285

796

465

Stock-based compensation

46,139

34,961

19,835

12,938

7,794

4,664

1,788

848

Amortization of deferred commissions

13,630

13,185

12,591

9,525

-

-

-

-

Amortization of operating lease right-of-use asset

9,023

-

-

-

-

-

-

-

Amortization of deferred charges related to loan

-

-

-

-

-

187

200

141

Revaluation of fair value of warrants to convertible preferred stock

-

-

-

-

-

-

1,508

3,195

Capital loss from sale of fixed assets

-45

27

20

2

4

10

5

-12

Changes in assets and liabilities:
Trade receivables

-8,173

7,627

21,735

6,425

9,567

9,601

8,233

4,370

Prepaid expenses and other current assets

1,225

1,932

3,317

1,028

-796

-19

-19

662

Deferred commissions

19,132

15,308

14,742

11,817

-

-

-

-

Other long-term assets

-81

270

0

0

-

-

-

-

Trade payables

-1,623

1,985

-653

-1,324

-91

540

267

1,116

Accrued expenses and other short-term liabilities

-886

9,910

14,453

5,302

6,270

5,541

3,460

1,731

Deferred revenues

7,219

14,115

20,860

11,860

11,554

8,517

7,427

4,056

Severance pay

-

-

-

-

-

348

377

143

Other long-term liabilities

316

-1,025

-405

331

187

798

-75

-97

Net cash provided by operating activities

-10,683

23,545

16,351

7,347

-2,729

-7,110

54

1,732

Decrease (increase) in short-term deposits

-60,466

30,280

-25,329

8,390

22,001

30,758

4,001

-279

Decrease in marketable securities

1,761

39

39,731

0

-

-

-

-

Decrease (increase) in long-term deposits

21

313

305

111

-11

-39

28

-9

Increase in restricted cash

-

-

-

-

-

-230

338

10

Proceeds from sale of property and equipment

11

27

20

2

4

0

0

-

Purchase of property and equipment

25,392

9,583

5,314

3,825

4,536

2,333

1,349

920

Net cash provided by investing activities

33,303

-40,188

-20,001

-12,324

-26,522

-32,822

-5,716

-642

Cash flows from financing activities:
Proceeds (withholdings) from employee stock plans, net

2,398

8,114

12,083

4,072

2,055

382

127

169

Exercise of warrants to purchase Series D convertible preferred stock

-

-

-

-

-

-

1,137

-

Payment of deferred equity offering cost

-

-

-

-

-

1,937

439

-

Net proceeds from initial public offering

-

-

-

-

-

108,447

0

-

Net cash provided by (used in) financing activities

-2,398

8,114

12,083

4,072

2,055

106,892

825

403

Increase in cash and cash equivalents

20,222

-8,529

8,433

-905

-27,196

66,960

-4,837

1,493

Supplemental disclosures of non-cash flow information
Deferred rent fixed asset additions

-

-

-

-

1,355

1,071

0

-

Repurchase of common stock

-

-

-

-

-

-

-

766

Issuance of common stock

-

-

-

-

-

-

-

1,000

Conversion of preferred stock to common stock

-

-

-

-

-

43,775

0

-

Conversion of liability warrants to equity

-

-

-

-

-

2,866

0

-

Deferred charges related to warrants granted to credit facilitator

-

-

-

-

-

-

263

258

Exercise of warrants to purchase Series D convertible preferred stock

-

-

-

-

-

-

4,679

-

Supplemental disclosure of cash flow information:
Cash paid for income taxes

3,955

710

469

246

354

304

227

169

Net lease liabilities arising from obtaining right-of-use assets

10,252

-

-

-

-

-

-

-