7Baggers
Quarterly
Annual
    Unit: USD2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 
      
    		                         
      cash flows from operating activities
    		                         
      net income
    		72,670,000 12,570,000 11,104,000 15,559,000  -3,172,000 260,000 -5,621,000       -11,624,000 -7,160,000 132,713,000 12,502,000 12,845,000 415,000 13,223,000 4,393,000 -2,119,000 3,145,000 -14,743,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                         
      depreciation and amortization
    		18,323,000 18,235,000 18,517,000 19,277,000 19,388,000 19,678,000 21,114,000 22,018,000 20,874,000 20,048,000 20,131,000 33,928,000 56,773,000 38,065,000 65,612,000 69,685,000 72,331,000 69,510,000 68,247,000 67,768,000 66,557,000 66,647,000 65,577,000 64,463,000 64,459,000 
      goodwill and indefinite-lived intangible asset impairment
    		        0 284,590,000                
      benefit from credit losses on accounts receivable
    		                         
      stock-based compensation expense
    		19,239,000 19,695,000 19,645,000 17,881,000 20,624,000 20,609,000 18,260,000 16,234,000 16,451,000 17,915,000 17,415,000 15,269,000 15,291,000 9,950,000 16,459,000 17,063,000 28,256,000 21,739,000 12,977,000 11,268,000 10,478,000 8,832,000 7,367,000 7,718,000 5,501,000 
      amortization of debt issuance costs
    		1,472,000 1,772,000 2,703,000 2,657,000 2,668,000 2,689,000 2,695,000 2,666,000 2,262,000 2,258,000 2,278,000 2,258,000 2,309,000 2,296,000 2,259,000 2,239,000 2,295,000 2,301,000 2,282,000 2,288,000 2,319,000 2,324,000 2,305,000 2,286,000 2,403,000 
      loss on extinguishment of debt
    		        1,892,000                19,547,000 
      deferred taxes
    		-46,110,000 1,450,000 -1,328,000 -3,043,000 392,000 2,061,000 -5,499,000 1,906,000 3,278,000 -992,000 -2,635,000 -6,392,000 -14,290,000 -8,750,000 -8,542,000 -8,985,000 -152,267,000 -9,989,000 -7,288,000 -8,744,000 -9,943,000 -9,340,000 -9,069,000 -11,283,000 -8,016,000 
      (gain) loss on foreign currency exchange rates
    		-355,000 539,000 68,000 -230,000         25,000 -830,000 367,000 -1,041,000 636,000 370,000 656,000 983,000 -6,000 -807,000   663,000 
      lease impairment charges
    		2,383,000 7,000 760,000 1,381,000 -293,000 -4,000                    
      other non-cash (benefits) expenses
    		                         
      changes in operating assets and liabilities, net of assets acquired and liabilities assumed in business combinations:
    		                         
      accounts receivable
    		-16,200,000 -10,678,000 14,336,000 -327,000 -9,476,000 -7,965,000 23,803,000 -7,930,000 -4,520,000 -11,238,000 12,244,000 -3,332,000 -13,354,000 -12,027,000 19,531,000 -4,076,000 3,945,000 -8,760,000 17,938,000 -4,084,000 -18,182,000 -8,070,000 17,857,000 -10,568,000 -4,047,000 
      income taxes receivable
    		-539,000 -341,000 -429,000 -155,000 710,000 828,000 -687,000 -312,000 95,000 114,000 133,000 -243,000 2,067,000 98,000 -2,375,000 -71,000 1,259,000 -2,143,000 479,000 -583,000 -354,000 -20,000 399,000 -250,000 838,000 
      prepaid and other assets
    		-4,666,000 -295,000 2,529,000 2,315,000 5,334,000 33,579,000 -3,183,000 -6,339,000  -26,885,000 -1,507,000 8,073,000  -1,064,000 4,698,000 -13,190,000  3,283,000 2,868,000 -4,092,000  -71,000 -1,846,000 -4,326,000  
      accounts payable
    		-1,894,000 -135,000 -26,000 -139,000 663,000 -1,972,000 2,157,000 -5,205,000 4,366,000 2,133,000 390,000 -138,000 -6,250,000 8,776,000 -8,961,000 1,520,000 4,123,000 1,730,000 253,000 -3,047,000 3,377,000 -1,085,000 963,000 479,000 3,930,000 
      accrued liabilities and other
    		7,985,000 -1,174,000 1,786,000 -16,823,000 9,786,000 4,611,000 3,851,000 -33,587,000 6,795,000 22,940,000 4,506,000 -8,482,000 5,859,000 -14,115,000 12,519,000 -15,310,000 12,121,000 10,695,000 7,039,000 -5,800,000 5,664,000 -318,000 5,789,000 -10,798,000 31,000 
      accrued interest payable
    		-16,000 -627,000 -293,000 240,000 315,000 319,000 1,000 -273,000 318,000 27,000 63,000 18,000 1,000 -1,000 -1,000 -3,000 0 -2,000 -44,000 -45,000 -14,000 -584,000 -17,000 573,000 -826,000 
      income taxes payable
    		371,000 2,433,000 -21,885,000 -4,690,000 4,408,000 147,000 -9,656,000 3,485,000 -2,892,000 -1,698,000 -3,878,000 -822,000 -109,000 -1,987,000 -13,024,000 -17,467,000 -3,539,000 -7,264,000 -544,000 4,566,000 -663,000 2,029,000 -6,931,000 2,546,000 5,439,000 
      deferred revenue
    		20,349,000 -1,846,000 -10,289,000 2,345,000 11,600,000 -1,477,000 -10,793,000 7,059,000 15,672,000 7,015,000 -6,874,000 3,876,000 14,647,000 3,237,000 -19,499,000 763,000 7,981,000 6,886,000 -11,376,000 14,739,000 14,949,000 9,564,000 -3,319,000 20,054,000 13,216,000 
      net cash from operating activities
    		72,780,000 42,124,000 37,120,000 36,274,000  68,422,000 48,968,000 799,000       56,107,000 26,931,000 104,077,000 100,927,000 105,719,000 78,371,000 83,061,000 75,194,000 78,289,000 63,363,000 88,060,000 
      capex
    		-4,732,000 -4,352,000 -6,207,000 -4,721,000  -1,613,000 -1,045,000 -342,000       -12,318,000 -5,806,000 -8,382,000 -8,296,000 -5,587,000 -6,536,000 -6,584,000 -1,832,000 -4,204,000 -4,570,000 -3,151,000 
      free cash flows
    		68,048,000 37,772,000 30,913,000 31,553,000  66,809,000 47,923,000 457,000       43,789,000 21,125,000 95,695,000 92,631,000 100,132,000 71,835,000 76,477,000 73,362,000 74,085,000 58,793,000 84,909,000 
      cash flows from investing activities
    		                         
      purchases of investments
    		-7,416,000 -6,119,000 -10,634,000 -8,311,000 -4,440,000 -2,960,000   0 -11,248,000                
      maturities of investments
    		6,200,000 10,777,000 8,422,000 4,500,000 3,000,000 1,000,000 11,500,000 15,035,000 23,633,000                 
      purchases of property and equipment
    		-1,154,000 -525,000 -2,521,000 -1,411,000 -1,353,000 -1,613,000 -1,045,000 -342,000 -1,893,000 -2,037,000 -2,353,000 -1,180,000 -2,284,000 11,156,000 -12,318,000 -5,806,000 -8,382,000 -8,296,000 -5,587,000 -6,536,000 -6,584,000 -1,832,000 -4,204,000 -4,570,000 -3,151,000 
      capitalized software development costs
    		-3,578,000 -3,827,000 -3,686,000 -3,310,000                      
      purchases of intangible assets
    		-232,000 -64,000 -116,000 -54,000 10,160,000 -3,537,000 -3,729,000 -3,138,000 -2,188,000 -3,591,000 -4,388,000 -3,120,000 -1,598,000 757,000 -1,653,000 -2,170,000 -2,558,000 -2,679,000 -2,488,000 -1,694,000 -2,250,000 -1,121,000 -1,240,000 -1,240,000 -605,000 
      acquisitions, net of cash acquired
    		        0 0 0 -6,500,000 0 0 0 447,000     -112,943,000 0   0 
      other investing activities
    		    0 0 0 564,000 261,000                 
      net cash from investing activities
    		-6,180,000 242,000 -8,535,000 -8,586,000  -7,110,000 5,738,000 12,119,000       -13,971,000 -7,529,000 -152,847,000 -10,975,000 -8,075,000 -8,230,000 -122,916,000 -441,000 -353,521,000 -5,575,000 -3,254,000 
      cash flows from financing activities
    		                         
      proceeds from issuance of common stock under employee stock purchase plan
    		0 1,668,000 0 1,594,000 0 1,666,000 0 1,711,000 0 1,398,000 0 1,753,000 0 2,529,000 0 3,129,000  3,049,000 0 2,357,000      
      repurchase of common stock and incentive restricted stock
    		    -4,134,000 -4,529,000 -3,176,000 -6,991,000 -2,007,000 -1,202,000 -1,502,000 -6,419,000 -3,511,000 -658,000 -1,471,000 -8,588,000 -9,329,000 -418,000 -805,000 -1,571,000 -7,045,000 -241,000 -133,000 -8,000 -10,000 
      exercise of stock options
    		7,000 30,000 4,000 8,000 29,000 2,000 104,000 8,000 1,000 21,000 25,000 12,000 89,000 126,000 390,000 11,000 198,000 556,000 258,000 51,000 201,000 165,000 221,000 36,000 3,000 
      dividends paid
    		0 0           0             
      proceeds from credit agreement
    		0                    0 0   0 
      repayments of borrowings from credit agreement
    		0    -3,112,000 -3,113,000   -349,425,000 -304,975,000 -4,975,000 -4,975,000 -4,975,000 -6,025,000 -4,975,000 -4,975,000 -4,975,000 -4,975,000 -4,975,000 -4,975,000 -4,975,000 -4,975,000 -39,975,000 -4,975,000 -319,975,000 
      payment of debt discount and issuance costs
    		                         
      net cash from financing activities
    		-5,976,000 -9,169,000 -174,139,000 -7,723,000  -5,974,000 -6,185,000 -5,272,000       -6,959,000 -10,423,000 -14,108,000 -1,788,000 -5,522,000 -4,138,000 -11,819,000 -3,971,000 -4,887,000 -4,947,000 21,563,000 
      effect of exchange rate changes on cash and cash equivalents
    		-1,791,000 975,000 -32,000 -229,000  -301,000 -507,000 -204,000       1,106,000 -5,125,000 8,390,000 5,408,000 2,337,000 -2,420,000 3,986,000 -5,012,000 944,000 -996,000 -2,082,000 
      benefit from losses on accounts receivable
    		 184,000 21,000 62,000 -689,000 -993,000 699,000 594,000 339,000 246,000 69,000 297,000  -665,000 199,000 696,000  -327,000 -54,000 3,014,000      
      other non-cash expenses
    		 335,000 -99,000 -36,000  114,000 -5,675,000 5,920,000  -362,000 -69,000 211,000 -380,000 -275,000 -1,235,000 2,268,000 1,727,000   -190,000 477,000 472,000 273,000 -687,000 1,992,000 
      changes in operating assets and liabilities:
    		                         
      repurchase of common stock
    		 -6,246,000 -5,981,000 -8,289,000                      
      payment of debt issuance costs
    		 -4,621,000 0 -1,036,000         -90,000 669,000           0 
      net increase in cash and cash equivalents
    		 34,172,000 -145,586,000 19,736,000 52,464,000 55,037,000 48,014,000 7,442,000 -319,923,000 -280,779,000 -28,778,000 19,102,000 23,226,000 298,255,000 36,283,000 3,854,000 -54,488,000 93,572,000 94,459,000 63,583,000 -47,688,000 65,770,000 -279,175,000 51,845,000 104,287,000 
      cash and cash equivalents
    		                         
      beginning of period
    		  0 284,695,000 0 0 0 121,738,000  0 0 732,116,000 0 0 0 370,498,000 0 0 0 173,372,000 0 0 0 382,620,000 0 
      end of period
    		  -145,586,000 304,431,000 52,464,000 55,037,000 48,014,000 129,180,000  -280,779,000 -28,778,000 751,218,000 23,226,000 298,255,000 36,283,000 374,352,000 -54,488,000 93,572,000 94,459,000 236,955,000 -47,688,000 65,770,000 -279,175,000 434,465,000 104,287,000 
      net income from continuing operations
    		        -10,411,000 -292,219,000 -622,124,000 -4,659,000 -21,885,000             
      adjustments to reconcile net income from continuing operations to net cash from operating activities:
    		                         
      other long-term liabilities
    		    -11,000    -773,000 -78,000 0 116,000 59,000 0   -60,000 308,000 151,000 -85,000 0 685,000 -585,000 805,000 -268,000 
      net cash from operating activities from continuing operations
    		        47,780,000 25,286,000 41,182,000 40,258,000 36,147,000             
      net cash from investing activities from continuing operations
    		        19,813,000 -700,000 -62,626,000 -10,800,000 -3,882,000             
      distribution from spin-off of discontinued operations
    		            0             
      net cash from financing activities from continuing operations
    		        -388,356,000 -304,758,000 -6,452,000 -9,629,000 -8,487,000             
      effect of exchange rate changes on cash and cash equivalents from continuing operations
    		        840,000 -607,000 -882,000 -727,000 -552,000             
      cash flows of discontinued operations
    		                         
      operating activities of discontinued operations
    		            0             
      investing activities of discontinued operations
    		            0             
      financing activities of discontinued operations
    		            0             
      effect of exchange rate changes on cash and cash equivalents from discontinued operations
    		            0             
      net cash from discontinued operations
    		                         
      supplemental disclosure of cash flow information
    		                         
      cash paid for interest
    		    28,553,000 28,373,000 28,195,000 26,740,000   17,026,000 13,907,000  14,065,000 14,002,000 13,993,000  14,574,000 16,177,000 21,972,000  25,729,000 26,326,000 25,423,000 28,796,000 
      cash paid for income taxes
    		    8,487,000 8,337,000 17,574,000 6,566,000   13,163,000 6,259,000  2,405,000 21,307,000 14,408,000  23,692,000 10,720,000 6,035,000  9,176,000 17,832,000 8,635,000  
      non-cash investing and financing transactions
    		                         
      stock-based compensation included in capitalized software development costs
    		                         
      gain on foreign currency exchange rates
    		         -458,000 -720,000 280,000            -1,308,000  
      loss on foreign currency exchange rates
    		       184,000                  
      prepaid and other current assets
    		                        -2,566,000 
      net cash from discontinued activities
    		                         
      benefit from doubtful accounts
    		                    30,000 543,000 437,000 514,000 507,000 
      proceeds from sale of cost method investment and other
    		                    -1,139,000 2,512,000 1,427,000 235,000  
      proceeds from our initial public offering, net of underwriting discounts
    		                         
      proceeds from issuance of common stock under employee stock purchase plan and incentive restricted stock
    		                         
      premium paid on debt extinguishment
    		                        -14,175,000 
      payment for deferred offering costs
    		                         
      other non-cash benefits
    		                         
      proceeds from issuance of common stock, common stock under employee stock purchase plan and incentive restricted stock
    		                         
      payment for offering costs
    		                         
      proceeds from issuance of common stock and incentive restricted stock
    		                        0 
      acquisition of solarwinds, inc., net of cash acquired
    		                         
      cash paid (received) for income taxes
    		                         
      non-cash equity contribution by solarwinds, inc.’s management at take private
    		                         
      conversion of redeemable convertible class a common stock and accumulated dividends to common stock
    		                         
      proceeds from sale of cost method investment
    		                         
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.