Zix corp (ZIXI)
CashFlow / Quarterly
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
Operating activities:
Net loss

-853

-3,079

-1,597

-3,706

-6,265

9,256

2,456

1,840

1,892

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

1,775

-

1,770

559

1,570

798

1,927

1,115

1,176

904

1,163

977

1,059

4,840

3,175

1,871

567

3,991

1,943

2,643

2,426

14,967

2,571

2,617

2,399

Non-cash items in net loss:
Depreciation and amortization

7,792

8,128

6,675

6,930

2,696

1,071

954

935

746

718

727

721

575

643

562

564

534

534

567

547

504

413

416

395

399

388

367

356

355

355

329

326

333

353

348

341

331

Amortization of debt issuance costs

320

306

307

238

116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Employee stock-based compensation costs

1,991

1,425

1,633

1,964

1,229

945

901

845

627

851

744

689

590

249

451

721

362

1,002

338

365

468

347

417

436

481

413

451

445

402

370

338

255

203

200

168

93

108

Noncash lease costs

782

-

-

-

-4,385

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-employee stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

2

2

4

4

29

4

11

Changes in deferred taxes

-887

-2,146

-142

-905

-1,103

-7,414

969

779

912

15,254

985

1,424

807

1,327

714

326

819

574

1,116

511

542

729

608

524

537

-1,490

30

30

29

-2,377

28

-14

68

-11,799

0

-2

5

Changes in operating assets and liabilities:
Receivables

2,947

-25

1,136

-855

113

-34

926

759

-275

154

242

-17

-443

54

370

-355

642

-745

-16

214

-407

-861

-232

143

78

-441

990

100

708

-189

484

-477

445

-187

-193

324

-584

Prepaid and other current assets

-179

323

96

-387

1,004

356

-152

242

-554

183

194

253

-244

378

-424

361

-394

410

137

239

-250

624

-369

466

-387

283

391

-108

-225

464

-541

410

-58

397

-436

179

124

Deferred costs and other assets

330

349

1,039

103

856

867

532

826

914

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

562

1,874

1,002

-2,744

5,989

185

-617

402

-295

173

150

310

12

76

-427

262

74

160

-507

419

-153

481

-763

370

-89

-31

-142

-295

365

65

137

128

-190

185

-186

-85

-1

Deferred revenue

1,135

-2,373

784

445

-212

345

3,769

-636

-1,586

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-1,068

654

-

2,853

521

1,510

-1,370

3,125

11

-230

-207

2,323

1,387

-1,376

-534

2,618

-158

60

-1,511

1,282

1,031

207

-728

1,037

-30

314

Earn-out payment

-

0

197

0

385

0

0

0

195

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and other liabilities

-3,337

-784

-4,991

-113

3,876

1,710

233

1,017

-968

1,483

-203

162

-959

-90

-295

554

-580

1,431

143

521

-435

-167

-25

627

413

-222

1,107

216

-217

-179

499

506

-131

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

4,141

-

5,682

3,501

4,041

3,464

6,588

3,036

2,529

2,737

4,740

4,107

1,733

3,522

6,225

2,473

1,078

-

-

-

-

-

-

-

-

Accrued and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

164

52

-213

Net cash provided by (used in) operating activities

4,407

6,000

6,638

1,730

-417

4,909

7,359

3,355

1,048

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,615

4,944

2,533

2,558

4,760

2,487

3,414

Investing activities:
Purchases of property, equipment and internal-use software

5,007

3,793

3,324

2,794

1,742

1,839

973

821

546

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

463

-

534

1,055

183

204

347

784

616

1,605

940

466

391

331

314

698

250

484

427

394

228

368

348

547

208

Acquisition of business, net of cash acquired

-

0

1,345

11,539

271,706

-

-

-

-

-1

1,651

44

6,550

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-7,013

-

-534

-1,055

-183

-204

-347

-784

-616

-1,605

-940

-466

-391

-331

-314

-698

-250

-

-

-

-

-

-

-

-

Purchase of commercial paper

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,290

Net cash used in investing activities

-5,007

-3,793

-4,669

-14,333

-273,448

-1,839

-973

-12,594

-546

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-427

-394

-228

1,922

-348

-547

-2,498

Financing activities:
Proceeds of long-term debt

6,000

2,000

0

10,000

175,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance cost

-

1

0

54

6,389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

117

164

71

144

36

-

-

-

-

8

70

3,828

300

50

105

0

50

4,346

686

2,153

1,489

291

395

21

41

211

777

325

392

0

56

233

19

13

168

371

1,239

Repayment of long-term debt

460

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of finance lease liabilities

406

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,448

535

701

23

Payment of license subscription note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

118

34

34

Purchase of treasury shares

1,785

25

67

474

1,340

7

5,437

-3,032

3,637

2,693

1,381

46

453

28

1,209

8,807

5,483

3,000

10,843

1,333

185

0

10,093

0

6,403

-

-

-

-

0

0

4,002

4,998

5,999

88

9,912

5,000

Earn-out payment

-

0

2,303

1,125

415

0

-5,399

5,399

605

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-153

-

-1,104

-8,807

-5,433

1,346

-10,157

820

1,304

291

-9,698

21

-6,362

-8,549

657

325

392

-

-

-

-

-

-

-

-

Net cash provided by financing activities

3,466

1,245

-3,268

7,283

263,480

88

-105

-2,334

-4,242

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56

-3,769

-4,979

-3,538

497

-8,874

-3,772

Effect of exchange rate on cash

80

-169

42

-48

-33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

2,946

3,283

-1,257

-5,368

-10,418

3,132

6,281

-11,573

-3,740

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

3,252

6,076

-3,025

1,685

4,044

-6,361

-1,575

4,606

-3,916

3,072

3,217

1,423

-5,898

3,662

-5,020

-5,358

6,568

2,100

1,220

-43

4,244

781

-2,674

942

4,909

-6,934

-2,856

Series A Convertible Preferred Stock [Member]
Proceeds from issuance of preferred stock, net of offering costs

-

-

0

33,896

62,692

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B Convertible Preferred Stock [Member]
Proceeds from issuance of preferred stock, net of offering costs

-

-

-

-

33,896

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-