Boingo wireless, inc. (WIFI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities
Net loss

-10,277

269

-18,776

-26,983

-22,178

-18,767

-3,318

8,024

6,937

16,121

1,142

Adjustments to reconcile net loss including non-controlling interests to net cash provided by operating activities:
Depreciation and amortization of property and equipment

70,862

78,837

69,097

49,202

38,293

27,446

18,940

15,958

12,301

7,511

6,658

Amortization of intangible assets

4,571

3,710

3,498

3,448

3,576

3,716

2,250

1,103

1,655

2,491

3,848

Impairment loss and loss on disposal of fixed assets and intangible assets held for sale, net

440

238

1,158

66

242

959

0

-

-

-

-

Stock-based compensation

8,596

12,268

14,215

12,805

9,398

7,164

4,506

2,735

3,450

867

740

Amortization of deferred financing costs and debt discount, net of amounts capitalized

8,412

2,261

86

182

-

-

-

-

-

-

-

Non-cash operating lease cost

2,350

0

0

-

-

-

-

-

-

-

-

Gains and amortization of premiums/discounts for marketable securities

609

0

0

-

-

-

-

-

-

-

-

Other

-

-

-

-

0

-

-

-

-

-

-

Interest on note receivable from stockholder

-

-

-

-

-

-

-

-

-

-

-3

Forgiveness on note receivable from stockholder

-

-

-

-

-

-

-

-

103

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

55

-1,818

-

-

-

Change in fair value of contingent consideration

-961

0

0

-

-114

-811

-367

-

-

-

-

Bad debt expense

181

363

773

116

304

191

-

-

-

-

-

Change in fair value of preferred stock warrants

-

-

-

-

-

-

-

-

132

68

46

Change in deferred income taxes

-80

-5,617

-2,575

303

320

468

1,615

989

2,828

-10,401

270

Changes in operating assets and liabilities:
Accounts receivable

-9,184

13,702

-16,046

-526

16,050

11,583

2,403

3,011

-734

-2,006

-1,346

Unbilled receivables

-

-

-

-

-

-

-

-

-

-

1,140

Prepaid expenses and other assets

-1,233

800

841

835

3,459

1,935

-1,648

347

-357

-1,034

-710

Accounts payable

426

-246

-1,554

-465

3,845

-2,252

-242

-290

-1,236

1,686

49

Accrued expenses and other liabilities

7,054

6,477

9,313

5,835

4,569

4,739

-1,307

-2,506

-83

-382

-1,532

Deferred revenue

10,301

9,263

7,288

71,005

79,829

11,872

-596

123

2,351

9,239

2,388

Operating lease liabilities

-2,973

0

0

-

-

-

-

-

-

-

-

Net cash provided by operating activities

108,710

93,321

97,728

115,205

98,575

21,207

20,671

24,596

29,529

24,160

14,522

Cash flows from investing activities
Purchases of marketable securities

81,177

0

0

-

-

27,163

33,430

70,185

-

9,373

-

Proceeds from maturities of marketable securities

41,593

0

0

-

1,614

58,511

42,026

28,627

9,373

-

1,644

Purchases of property and equipment

133,696

108,730

73,308

107,271

103,116

70,945

29,500

18,000

16,917

11,256

4,321

Payments for asset and business acquisitions

0

24,624

1,150

60

0

147

-

-

156

-

99

Purchase of acquired assets

-

-

-

-

-

-

-

-

-

-

350

Net cash used in investing activities

-173,280

-133,354

-74,458

-107,331

-101,502

-39,199

-40,403

-62,468

-7,335

-19,934

-3,659

Cash flows from financing activities
Debt issuance costs

1,815

695

0

124

62

711

0

-

-

-

-

Proceeds from Convertible Notes offering, net of issuance costs

0

195,716

0

0

-

-

-

-

-

-

-

Payment for capped call options

0

23,969

0

0

-

-

-

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

545

0

435

-536

-966

317

Payments for business acquisitions, net of cash acquired

-

-

-

-

-

-

19,459

-

-

271

154

Payments for business acquisition, net of cash acquired

-

-

-

-

-

-

-

3,185

-

-

62

Other

-

-

-

-

-

-

40

160

171

-

-

Proceeds from credit facility

3,500

15,000

0

5,000

20,000

3,500

0

-

-

-

-

Principal payments on credit facility

778

15,875

16,094

5,656

5,875

0

0

-

-

-

-

Payments of acquisition related consideration

3,027

0

0

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock upon initial public offering

-

-

-

-

-

-

-

-

48,297

-

-

Offering costs

-

-

-

-

-

-

-

-

2,586

-

-

Proceeds from exercise of stock options

470

9,979

9,244

2,984

1,373

1,158

614

2,573

1,028

2

39

Repurchase of common stock for retirement

747

0

0

-

-

-

-

-

-

-

-

Payments of finance leases and notes payable

6,608

6,181

4,207

2,212

814

627

187

190

420

-

-

Repurchase and retirement of common stock

-

-

-

-

-

-

4,848

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

55

372

246

-

-

Payments of withholding tax on net issuance of restricted stock units

34,420

10,536

4,872

2,827

2,512

1,922

15

-

-

-

-

Payments of acquired notes payable and financed liabilities

-

-

-

-

-

-

6,079

-

-

-

-

Payment of holdback consideration

-

-

-

-

1,600

0

0

-

-

-

-

Payments of capital leases

-

-

-

-

-

-

-

-

-

738

596

Payments to non-controlling interest

1,003

614

125

286

500

623

608

678

547

398

417

Purchase of non-controlling interests

-

-

-

-

1,150

0

0

-

-

-

-

Payment of other acquisition related consideration

-

-

-

-

17

1,255

0

-

-

-

-

Net cash provided by (used in) financing activities

-44,428

162,825

-16,054

-3,121

8,843

-480

-11,068

2,077

46,018

-1,134

-974

Effect of exchange rates on cash

-13

-65

-16

14

-47

-17

0

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-109,011

122,727

7,200

4,767

5,869

-18,489

-30,800

-35,795

68,212

3,092

9,889

Supplemental disclosure of cash flow information
Cash paid for interest, net of amounts capitalized

154

0

239

0

347

33

32

11

11

30

57

Cash paid for taxes, net of refunds

-20

565

304

163

62

-53

96

737

1,357

1,030

134

Supplemental disclosure of non-cash investing and financing activities
Conversion of convertible preferred stock into common stock

-

-

-

-

-

-

-

-

124,602

-

-

Retirement of treasury stock

-

-

-

-

-

-

-

-

4,575

-

-

Property and equipment costs included in accounts payable, accrued expenses and other liabilities

39,037

37,275

20,554

16,976

45,417

11,647

10,283

2,607

1,995

3,319

1,171

Purchase of equipment and prepaid maintenance services under capital financing arrangements

0

5,068

7,944

6,629

3,839

361

-

-

-

-

-

Capitalized stock-based compensation included in property and equipment costs

860

789

696

727

778

-

-

-

-

-

-

Purchase price for business acquisition included in accrued expenses and other liabilities

0

4,913

0

1,150

-

-

-

-

-

-

-

Debt issuance costs included in accrued expenses and other liabilities

0

164

0

0

-

-

-

-

-

-

-

Financed sale of intangible assets held for sale

290

0

0

-

-

-

-

-

-

-

-

Purchase of intangible asset

-

-

-

-

0

0

-

-

-

-

-

Accretion of convertible preferred stock

-

-

-

-

-

-

-

-

1,633

5,020

5,259

Exercise and conversion of preferred stock warrants into common stock

-

-

-

-

-

-

-

-

272

-

-

Acquisition of equipment under capital lease

-

-

-

-

-

-

0

-

402

73

815

Assets acquired in business acquisition

-

-

-

-

-

-

39,794

-

-

-

-

Liabilities assumed in business acquisition

-

-

-

-

-

-

16,151

-

-

-

-

Contractual payments related to business acquisition in accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

47

77