Web.com group, inc. (WEB)
CashFlow / Quarterly
Jun'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 income

6,214

4,576

30,766

8,301

8,044

6,518

1,913

3,345

-1,605

337

76,978

6,094

4,550

2,339

-8,736

-3,418

-794

490

-3,429

-5,988

-9,744

-46,503

-51,878

-21,501

-19,059

-29,779

543

-5,395

-1,847

-5,610

Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-125

75

125

125

Loss from debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1,138

0

-12,286

-39,331

0

0

0

-

-

-

-

Depreciation and amortization

17,475

17,514

18,109

17,601

17,401

18,433

18,697

21,165

22,273

15,913

14,906

13,846

13,849

13,744

15,398

20,349

19,793

19,239

19,164

20,339

20,301

20,040

19,753

19,815

19,734

19,679

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,696

4,821

Stock based compensation

5,681

5,774

5,843

5,699

6,102

5,557

5,506

5,008

5,392

4,808

4,813

5,067

5,137

5,047

5,040

5,085

4,938

4,504

4,177

4,055

3,905

6,365

3,077

3,112

3,058

2,680

1,948

1,759

1,693

1,533

Deferred income taxes

2,462

1,713

-18,945

5,482

5,502

5,674

1,506

5,609

-214

813

-63,700

5,411

4,767

3,280

11,384

3,887

3,562

1,411

1,807

1,277

3,568

14,217

-4,745

-1,627

-4,633

-6,824

-50,296

-130

-88

402

Amortization of debt issuance costs and other

3,591

3,771

3,784

4,138

3,702

3,697

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of assets

-4

-12

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,719

-

-

-

-

-

-

-

-

-

-

-

-

Asset impairment

193

93

148

0

0

143

7,112

1,979

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs and other

-

-

-

-

-

-

-

-

3,687

2,998

-

2,892

2,800

2,800

-

-

-

-

-

-

-

577

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,668

2,975

3,725

-

325

318

306

Changes in operating assets and liabilities:
Accounts receivable, net

-1,547

1,740

1,136

4,240

1,999

-2,985

524

774

512

1,246

-239

-1,118

-2,898

255

-3,635

576

-935

3,173

-1,321

179

210

1,747

-2,801

2,365

186

2,156

778

430

-2,203

1,402

Prepaid expenses and other assets

1,925

8,009

-4,321

679

-1,652

6,868

-8,052

-368

-80

11,015

-3,362

1,206

-396

615

-274

1,655

-3,211

4,085

-803

3,251

-2,233

5,098

-3,136

1,416

1,446

3,294

-2,507

-281

268

809

Deferred expenses

234

764

-1,247

-516

-159

1,694

-1,153

-1,603

-362

2,948

-1,425

-1,779

-5,283

4,281

-7,469

-1,367

2,285

941

-1,312

-25

-1,297

-460

-492

-2,888

-663

1,039

-

-

-1,353

931

Accounts payable

-2,528

-1,570

3,309

-450

5,987

-6,156

-1,476

1,673

5,173

-6,758

2,378

-2,494

2,509

-2,882

1,356

1,096

-1,485

-3,706

2,376

-2,089

2,189

2,045

-4,821

5,950

-3,792

2,958

-1,349

623

-1,426

643

Accrued expenses and other liabilities

-655

-838

2,591

-364

-2,236

2,583

632

-1,586

-6,713

6,194

-2,820

399

-386

2,015

1,334

-2,888

3,743

-795

-1,297

605

406

2,469

-487

-1,260

-1,386

-972

1,198

1,935

-915

-524

Accrued compensation and benefits

-1,182

-2,294

-3,753

4,010

1,614

-5,286

1,900

5,069

1,105

-8,480

663

4,712

2,756

-66

-2,977

-186

3,618

-8,243

4,165

1,213

3,765

-11,133

2,755

453

4,351

-8,136

1,047

-738

-1,199

-2,007

Accrued restructuring costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-1,139

895

0

-502

-731

-1,163

-59

-1,330

-1,624

7,209

-267

-717

-1,026

Deferred revenue

163

8,927

-7,294

-6,150

-2,150

7,602

-5,053

-2,630

1,785

13,859

-1,281

-2,439

905

10,801

-2,624

-1,869

-883

12,325

1,486

3,623

6,066

17,786

16,718

13,038

22,632

39,605

20,226

697

1,591

6,254

Net cash provided by operating activities

31,303

27,165

38,990

33,864

43,778

33,188

43,118

44,459

30,813

14,475

39,863

35,159

45,488

31,923

36,350

25,108

37,142

18,606

35,563

22,456

33,408

11,033

26,619

20,098

16,425

14,823

4,454

3,676

5,269

1,525

Cash flows from investing activities
Business acquisitions, net of cash acquired

0

18

8,688

0

0

8,587

0

0

2,975

300,287

0

855

0

475

-42

11,851

0

7,437

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

125

125

Capital expenditures

4,116

5,015

4,682

6,219

5,394

5,179

4,466

9,368

4,451

3,855

3,590

3,246

4,307

3,604

2,382

4,557

5,306

2,921

3,127

3,366

3,724

4,496

3,308

11,673

4,638

2,679

672

915

690

1,993

Net cash used in investing activities

-4,116

-5,033

-13,370

-6,219

-5,394

-13,766

-4,470

-9,615

-8,726

-304,142

-3,590

-4,101

-4,307

-4,079

-2,340

-16,408

-5,306

-10,358

-3,127

-3,366

-3,389

-4,496

-3,384

-11,673

2,559

-2,679

-405,791

-970

-353

-1,868

Cash flows from financing activities
Stock issuance costs

4

1

1

17

1

3

5

16

1

5

22

32

26

24

22

38

14

24

13

16

12

2

10

11

-86

86

7

2

4

3

Common stock repurchased

574

3,632

935

79

199

3,360

15

1,013

27

3,206

110

0

41

2,261

1,136

224

11

4,956

356

320

0

5,666

1,186

298

0

3,199

4

0

0

448

Payments of long-term debt

115,025

0

0

15,000

25,516

2,438

4,876

0

-7,563

12,500

-61,250

20,000

30,000

17,500

16,250

301,078

35,000

15,000

33,000

281,000

31,500

669,576

659,074

14,500

16,500

11,500

325,738

3,240

8,242

4,528

Payments of revolving credit facility

10,000

14,000

22,000

10,000

56,313

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

6,569

1,229

2,573

4,149

4,563

4,416

1,154

2,611

666

539

1,310

2,421

2,250

1,971

789

2,386

2,570

4,154

4,306

4,023

4,750

1,085

1,244

1,123

1,853

1,602

440

316

1,486

6,831

Deferred consideration payment

0

22,000

1,500

0

0

18,933

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings on long-term debt

-

-

-

-

-

-

0

0

0

200,000

0

0

0

0

-

-

-

-

-10,000

262,281

0

658,350

623,205

0

0

0

-

-

-

-

Proceeds from borrowings on revolving credit facility

0

14,000

0

42,000

0

7,000

0

0

0

115,000

0

0

0

0

0

103,208

0

9,000

10,000

-10,000

0

10,000

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

0

0

0

5,700

0

0

0

0

-

-

-

-

-73

497

45

2,322

3,720

0

0

0

-

-

-

-

Common stock purchases under stock repurchase plan

0

0

-185

74,382

0

2,081

11,101

555

5,744

11,165

9,687

10,930

14,200

15,800

10,785

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-6,758

-24,404

-21,807

-53,337

-29,393

-15,399

-34,967

-21,973

-25,106

282,963

-36,259

-28,566

-42,006

-33,600

-27,412

-7,398

-32,455

-6,826

-28,990

-25,529

-26,807

-8,131

-19,541

-13,686

-14,561

-13,183

398,949

-2,926

-6,760

1,852

Effect of exchange rate changes on cash

-

-43

-

-

-

-2

-27

-3

-22

-11

1

-5

5

-3

-13

-11

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

20,272

-2,315

-

-

8,981

4,021

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

12,868

-3,041

-6,715

-

2,487

-820

-5,759

6,585

1,291

-619

1,422

3,446

-6,439

3,212

-1,594

3,694

-5,261

4,423

-1,039

-2,388

-220

-1,844

1,509

Supplemental cash flow information
Interest paid

4,181

5,640

3,882

4,868

3,851

4,961

3,543

5,370

4,529

2,322

1,112

2,767

1,774

3,108

2,017

5,742

4,018

5,526

4,632

6,775

8,005

15,635

14,254

14,044

14,240

14,755

10,602

1,232

1,240

1,290

Income taxes paid, net

1,337

387

1,243

1,590

1,212

361

803

741

632

1,414

556

618

420

482

314

269

360

191

125

187

218

-31

56

95

43

58

162

152

278

497