SolarWinds Corporation(NYSE:SWI)

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, database, and website infrastructures, whether on-premise, in the...
Website: http://www.solarwinds.com
Founded: 1999
Full Time Employees: 3,241
CEO: Sudhakar Ramakrishna
Sector: Technology
Industry: Software-Infrastructure
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At a glance:
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Quarterly
Annual
| Unit: USD | 2024-12-31 | 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 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue: | ||||||||||||||||||||||||||
subscription | 89,259,000 | 76,463,000 | 70,033,000 | 68,757,000 | 67,726,000 | 58,764,000 | 53,389,000 | 54,357,000 | 49,701,000 | 42,248,000 | 36,980,000 | 38,747,000 | 34,383,000 | 32,293,000 | 112,429,000 | 108,988,000 | 106,457,000 | 100,564,000 | 95,840,000 | 93,635,000 | 87,280,000 | 83,122,000 | 78,780,000 | 71,565,000 | 69,587,000 | 67,713,000 |
maintenance | 107,934,000 | 110,632,000 | 110,306,000 | 111,720,000 | 115,123,000 | 116,415,000 | 116,056,000 | 114,478,000 | 115,053,000 | 114,381,000 | 113,972,000 | 115,495,000 | 118,506,000 | 119,742,000 | 122,867,000 | 123,040,000 | 124,303,000 | 121,134,000 | 116,498,000 | 116,349,000 | 115,610,000 | 113,755,000 | 110,793,000 | 106,292,000 | 105,354,000 | 101,817,000 |
total recurring revenue | 197,193,000 | 187,095,000 | 180,339,000 | 180,477,000 | 182,849,000 | 175,179,000 | 169,445,000 | 168,835,000 | 164,754,000 | 156,629,000 | 150,952,000 | 154,242,000 | 152,889,000 | 152,035,000 | 235,296,000 | 232,028,000 | 230,760,000 | 221,698,000 | 212,338,000 | 209,984,000 | 202,890,000 | 196,877,000 | 189,573,000 | 177,857,000 | 174,941,000 | 169,530,000 |
license | 13,116,000 | 12,930,000 | 12,911,000 | 12,834,000 | 15,290,000 | 14,412,000 | 15,589,000 | 17,141,000 | 22,315,000 | 22,767,000 | 25,082,000 | 22,626,000 | 33,828,000 | 29,236,000 | 26,678,000 | 24,874,000 | 34,534,000 | 39,284,000 | 33,677,000 | 36,966,000 | 44,605,000 | 43,613,000 | 39,175,000 | 37,935,000 | 46,240,000 | 43,747,000 |
total revenue | 210,309,000 | 200,025,000 | 193,250,000 | 193,311,000 | 198,139,000 | 189,591,000 | 185,034,000 | 185,976,000 | 187,069,000 | 179,396,000 | 176,034,000 | 176,868,000 | 186,717,000 | 181,271,000 | 261,974,000 | 256,902,000 | 265,294,000 | 260,982,000 | 246,015,000 | 246,950,000 | 247,495,000 | 240,490,000 | 228,748,000 | 215,792,000 | 221,181,000 | 213,277,000 |
yoy | 6.14% | 5.50% | 4.44% | 3.94% | 5.92% | 5.68% | 5.11% | 5.15% | 0.19% | -1.03% | -32.80% | -31.15% | -29.62% | -30.54% | 6.49% | 4.03% | 7.19% | 8.52% | 7.55% | 14.44% | 11.90% | 12.76% | ||||
qoq | 5.14% | 3.51% | -0.03% | -2.44% | 4.51% | 2.46% | -0.51% | -0.58% | 4.28% | 1.91% | -0.47% | -5.27% | 3.00% | -30.81% | 1.97% | -3.16% | 1.65% | 6.08% | -0.38% | -0.22% | 2.91% | 5.13% | 6.00% | -2.44% | 3.71% | |
cost of revenue: | ||||||||||||||||||||||||||
cost of recurring revenue | 19,893,000 | 19,692,000 | 18,481,000 | 18,172,000 | 18,752,000 | 17,957,000 | 18,533,000 | 18,394,000 | 17,994,000 | 16,563,000 | 15,460,000 | 17,831,000 | 17,712,000 | 17,949,000 | 27,516,000 | 26,958,000 | 25,448,000 | 23,484,000 | 21,822,000 | 22,501,000 | 21,412,000 | 20,614,000 | 19,386,000 | 18,159,000 | 18,127,000 | 18,022,000 |
amortization of acquired technologies | 1,317,000 | 1,321,000 | 1,767,000 | 2,664,000 | 3,096,000 | 3,412,000 | 3,425,000 | 3,436,000 | 3,632,000 | 3,628,000 | 3,648,000 | 17,227,000 | 39,576,000 | 39,882,000 | 41,135,000 | 43,121,000 | 46,572,000 | 45,463,000 | 44,834,000 | 44,492,000 | 43,922,000 | 44,172,000 | 43,972,000 | 43,817,000 | 43,870,000 | 43,835,000 |
total cost of revenue | 21,210,000 | 21,013,000 | 20,248,000 | 20,836,000 | 21,848,000 | 21,369,000 | 21,958,000 | 21,830,000 | 21,626,000 | 20,191,000 | 19,108,000 | 35,058,000 | 57,288,000 | 57,831,000 | 68,651,000 | 70,079,000 | 72,020,000 | 68,947,000 | 66,656,000 | 66,993,000 | 65,334,000 | 64,786,000 | 63,358,000 | 61,976,000 | 61,997,000 | 61,857,000 |
gross profit | 189,099,000 | 179,012,000 | 173,002,000 | 172,475,000 | 176,291,000 | 168,222,000 | 163,076,000 | 164,146,000 | 165,443,000 | 159,205,000 | 156,926,000 | 141,810,000 | 129,429,000 | 123,440,000 | 193,323,000 | 186,823,000 | 193,274,000 | 192,035,000 | 179,359,000 | 179,957,000 | 182,161,000 | 175,704,000 | 165,390,000 | 153,816,000 | 159,184,000 | 151,420,000 |
yoy | 7.27% | 6.41% | 6.09% | 5.07% | 6.56% | 5.66% | 3.92% | 15.75% | 27.83% | 28.97% | -18.83% | -24.09% | -33.03% | -35.72% | 7.79% | 3.82% | 6.10% | 9.29% | 8.45% | 16.99% | 14.43% | 16.04% | ||||
qoq | 5.63% | 3.47% | 0.31% | -2.16% | 4.80% | 3.16% | -0.65% | -0.78% | 3.92% | 1.45% | 10.66% | 9.57% | 4.85% | -36.15% | 3.48% | -3.34% | 0.65% | 7.07% | -0.33% | -1.21% | 3.67% | 6.24% | 7.52% | -3.37% | 5.13% | |
gross margin % | 89.91% | 89.49% | 89.52% | 89.22% | 88.97% | 88.73% | 88.13% | 88.26% | 88.44% | 88.75% | 89.15% | 80.18% | 69.32% | 68.10% | 73.79% | 72.72% | 72.85% | 73.58% | 72.91% | 72.87% | 73.60% | 73.06% | 72.30% | 71.28% | 71.97% | 71.00% |
operating expenses: | ||||||||||||||||||||||||||
sales and marketing | 57,697,000 | 56,954,000 | 55,304,000 | 54,921,000 | 63,836,000 | 59,675,000 | 59,838,000 | 65,916,000 | 67,274,000 | 64,813,000 | 64,615,000 | 61,044,000 | 61,999,000 | 58,642,000 | 82,371,000 | 83,297,000 | 81,902,000 | 73,460,000 | 70,712,000 | 72,378,000 | 70,501,000 | 68,290,000 | 64,813,000 | 60,595,000 | 61,446,000 | 56,926,000 |
research and development | 28,018,000 | 26,354,000 | 26,399,000 | 27,828,000 | 24,993,000 | 27,308,000 | 24,081,000 | 23,791,000 | 24,238,000 | 22,562,000 | 22,108,000 | 23,422,000 | 23,339,000 | 26,285,000 | 39,106,000 | 37,761,000 | 32,338,000 | 31,288,000 | 30,745,000 | 31,845,000 | 27,894,000 | 29,575,000 | 27,705,000 | 25,188,000 | 24,472,000 | 23,274,000 |
general and administrative | 31,656,000 | 32,563,000 | 30,321,000 | 31,308,000 | 32,596,000 | 31,101,000 | 34,418,000 | 25,601,000 | 32,956,000 | 42,558,000 | 41,283,000 | 32,664,000 | 40,842,000 | 28,551,000 | 50,397,000 | 47,710,000 | 49,761,000 | 33,558,000 | 24,467,000 | 29,755,000 | 25,143,000 | 25,405,000 | 25,241,000 | 21,736,000 | 20,792,000 | 19,597,000 |
amortization of acquired intangibles | 11,378,000 | 11,457,000 | 11,492,000 | 11,519,000 | 11,496,000 | 11,613,000 | 12,094,000 | 13,005,000 | 12,938,000 | 13,045,000 | 13,103,000 | 13,239,000 | 13,610,000 | 13,784,000 | 18,158,000 | 20,057,000 | 19,759,000 | 18,624,000 | 18,294,000 | 18,296,000 | 17,994,000 | 18,015,000 | 17,301,000 | 16,502,000 | 16,500,000 | 16,507,000 |
total operating expenses | 128,749,000 | 127,328,000 | 123,516,000 | 125,576,000 | 132,921,000 | 129,697,000 | 130,431,000 | 128,313,000 | 137,406,000 | 421,684,000 | 753,504,000 | 130,369,000 | 139,790,000 | 127,262,000 | 190,032,000 | 188,825,000 | 183,760,000 | 156,930,000 | 144,218,000 | 152,274,000 | 141,532,000 | 141,285,000 | 135,060,000 | 124,021,000 | 123,210,000 | 116,304,000 |
operating income | 60,350,000 | 51,684,000 | 49,486,000 | 46,899,000 | 43,370,000 | 38,525,000 | 32,645,000 | 35,833,000 | 28,037,000 | -262,479,000 | -596,578,000 | 11,441,000 | -10,361,000 | -3,822,000 | 3,291,000 | -2,002,000 | 9,514,000 | 35,105,000 | 35,141,000 | 27,683,000 | 40,629,000 | 34,419,000 | 30,330,000 | 29,795,000 | 35,974,000 | 35,116,000 |
yoy | 39.15% | 34.16% | 51.59% | 30.88% | 54.69% | -114.68% | -105.47% | 213.20% | -370.60% | 6767.58% | -18227.56% | -671.48% | -208.90% | -110.89% | -90.63% | -107.23% | -76.58% | 1.99% | 15.86% | -7.09% | 12.94% | -1.98% | ||||
qoq | 16.77% | 4.44% | 5.52% | 8.14% | 12.58% | 18.01% | -8.90% | 27.81% | -110.68% | -56.00% | -5314.39% | -210.42% | 171.09% | -216.13% | -264.39% | -121.04% | -72.90% | -0.10% | 26.94% | -31.86% | 18.04% | 13.48% | 1.80% | -17.18% | 2.44% | |
operating margin % | 28.70% | 25.84% | 25.61% | 24.26% | 21.89% | 20.32% | 17.64% | 19.27% | 14.99% | -146.31% | -338.90% | 6.47% | -5.55% | -2.11% | 1.26% | -0.78% | 3.59% | 13.45% | 14.28% | 11.21% | 16.42% | 14.31% | 13.26% | 13.81% | 16.26% | 16.46% |
other income: | ||||||||||||||||||||||||||
interest expense | -22,954,000 | -25,970,000 | -28,047,000 | -26,830,000 | -28,510,000 | -29,314,000 | -29,443,000 | -28,581,000 | -25,705,000 | -23,181,000 | -18,401,000 | -16,087,000 | -16,260,000 | -15,897,000 | -16,191,000 | -16,174,000 | -16,684,000 | -16,792,000 | -18,313,000 | -24,095,000 | -25,094,000 | -27,418,000 | -28,177,000 | -27,382,000 | -29,905,000 | -35,627,000 |
other income | -103,000 | -704,000 | -61,000 | 51,000 | -189,000 | -121,000 | 13,000 | -89,000 | -3,213,000 | -2,418,000 | 726,000 | -169,000 | -1,411,000 | 1,478,000 | -321,000 | 127,000 | -298,000 | -547,000 | 363,000 | -758,000 | -104,000 | 287,000 | -1,078,000 | 1,297,000 | -20,411,000 | -13,000 |
total other income | -23,057,000 | -26,674,000 | -28,108,000 | -26,779,000 | -28,699,000 | -29,435,000 | -29,430,000 | -28,670,000 | -28,918,000 | -25,599,000 | -17,675,000 | -16,256,000 | -17,671,000 | -14,419,000 | -16,512,000 | -16,047,000 | -16,982,000 | -17,339,000 | -17,950,000 | -24,853,000 | -25,198,000 | -27,131,000 | -29,255,000 | -26,085,000 | -50,316,000 | -35,640,000 |
income before income taxes | 37,293,000 | 25,010,000 | 21,378,000 | 20,120,000 | 14,671,000 | 9,090,000 | 3,215,000 | 7,163,000 | -881,000 | -288,078,000 | -614,253,000 | -4,815,000 | -28,032,000 | -18,241,000 | -13,221,000 | -18,049,000 | -7,468,000 | 17,766,000 | 17,191,000 | 2,830,000 | 15,431,000 | 7,288,000 | 1,075,000 | 3,710,000 | -14,342,000 | -524,000 |
income tax expense | 6,818,750 | 12,440,000 | 10,274,000 | 4,561,000 | 7,000,250 | 12,262,000 | 2,955,000 | 3,006,250 | 5,264,000 | 4,346,000 | 2,415,000 | |||||||||||||||
net income | 72,670,000 | 12,570,000 | 11,104,000 | 15,559,000 | -576,000 | -3,172,000 | 260,000 | -5,621,000 | -10,411,000 | -292,219,000 | -622,124,000 | -4,659,000 | -23,645,000 | -8,979,000 | -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 | -398,000 |
yoy | -12716.32% | -496.28% | 4170.77% | -376.80% | -94.47% | -98.91% | -100.04% | 20.65% | -55.97% | 3154.47% | 5252.06% | -34.93% | -117.82% | -171.82% | -190.49% | -1825.30% | 903.65% | 184.59% | -706.18% | -86.80% | -189.69% | -1203.77% | ||||
qoq | 478.12% | 13.20% | -28.63% | -2801.22% | -81.84% | -1320.00% | -104.63% | -46.01% | -96.44% | -53.03% | 13253.17% | -80.30% | 163.34% | -22.75% | 62.35% | -105.40% | 961.53% | -2.67% | 2995.18% | -96.86% | 201.00% | -307.31% | -167.38% | -121.33% | 3604.27% | |
net income margin % | 34.55% | 6.28% | 5.75% | 8.05% | -0.29% | -1.67% | 0.14% | -3.02% | -5.57% | -162.89% | -353.41% | -2.63% | -12.66% | -4.95% | -4.44% | -2.79% | 50.02% | 4.79% | 5.22% | 0.17% | 5.34% | 1.83% | -0.93% | 1.46% | -6.67% | -0.19% |
net income available to common stockholders | 72,670,000 | 12,570,000 | 11,104,000 | 15,559,000 | -2,133,250 | -3,172,000 | 260,000 | -5,621,000 | -11,624,000 | -7,160,000 | 131,911,000 | 12,433,000 | 12,772,000 | 412,000 | 13,082,000 | 4,350,000 | -2,119,000 | 3,103,000 | 668,579,000 | -75,006,000 | ||||||
net income available to common stockholders per share: | ||||||||||||||||||||||||||
basic income per share | 0.43 | 0.07 | 0.07 | 0.09 | ||||||||||||||||||||||
diluted income per share | 0.41 | 0.07 | 0.06 | 0.09 | ||||||||||||||||||||||
weighted-average shares used for eps calculation | ||||||||||||||||||||||||||
shares used in computation of basic income per share | 589 | 169,971 | 168,768 | 167,419 | 164,193 | |||||||||||||||||||||
shares used in computation of diluted income per share | 1,420 | 173,900 | 172,562 | 171,169 | 165,386 | |||||||||||||||||||||
goodwill impairment | 278,706,000 | 612,395,000 | ||||||||||||||||||||||||
basic loss per share | -0.01 | -0.02 | -0.03 | -1.43 | -1.81 | -3.87 | -0.03 | -0.745 | -0.73 | |||||||||||||||||
diluted loss per share | -0.01 | -0.02 | -0.03 | -1.43 | -1.81 | -3.87 | -0.03 | -0.745 | -0.73 | |||||||||||||||||
shares used in computation of basic loss per share | 41,022.25 | 165,275 | 162,773 | 25,478.75 | 102,078 | |||||||||||||||||||||
shares used in computation of diluted loss per share | 41,022.25 | 165,275 | 162,773 | 25,478.75 | 102,078 | |||||||||||||||||||||
income tax benefit | 12,784,000 | 9,530,000 | 4,141,000 | 7,871,000 | -156,000 | -6,147,000 | -19,321,000 | -1,597,000 | -10,889,000 | 2,208,000 | 2,895,000 | 3,194,000 | 565,000 | 401,000 | -126,000 | |||||||||||
net income from continuing operations | -10,411,000 | -292,219,000 | -622,124,000 | -4,659,000 | -21,885,000 | 1,080,000 | ||||||||||||||||||||
net income from discontinued operations, net of tax | -1,760,000 | -10,059,000 | ||||||||||||||||||||||||
net income from continuing operations available to common stockholders | -10,411,000 | -292,219,000 | -622,124,000 | -4,659,000 | -21,885,000 | 920,000 | ||||||||||||||||||||
net income from discontinued operations available to common stockholders | -1,760,000 | -10,059,000 | ||||||||||||||||||||||||
basic earnings from continuing operations per share | -0.06 | -1.81 | -0.14 | 0.01 | ||||||||||||||||||||||
basic earnings from discontinued operations per share | -0.01 | -0.06 | ||||||||||||||||||||||||
diluted earnings from continuing operations per share | -0.06 | -1.81 | -0.14 | 0.01 | ||||||||||||||||||||||
diluted earnings from discontinued operations per share | -0.01 | -0.06 | ||||||||||||||||||||||||
shares used in computation of basic earnings per share | 296 | 161,111 | 160,663 | 159,847 | 310 | 158,202 | 157,854 | 314,246 | 526 | 310,894 | 310,244 | 308,937 | 387 | 306,890 | 306,587 | 305,653 | ||||||||||
shares used in computation of diluted earnings per share | 296 | 161,111 | 160,663 | 159,847 | 310 | 160,328 | 157,854 | 314,246 | 749 | 316,721 | 314,898 | 312,865 | 561 | 311,102 | 306,587 | 309,783 | ||||||||||
basic income from continuing operations per share | -3.87 | -0.03 | ||||||||||||||||||||||||
diluted income from continuing operations per share | -3.87 | -0.03 | ||||||||||||||||||||||||
net basic earnings per share | -0.045 | -0.06 | ||||||||||||||||||||||||
net diluted earnings per share | -0.045 | -0.06 | ||||||||||||||||||||||||
basic earnings per share | -0.07 | -0.02 | 0.43 | 0.04 | 0.04 | 0.04 | 0.01 | -0.01 | 0.01 | |||||||||||||||||
diluted earnings per share | -0.07 | -0.02 | 0.42 | 0.04 | 0.04 | 0.04 | 0.01 | -0.01 | 0.01 | |||||||||||||||||
net income per share |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2024-12-31 | 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 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||
cash and cash equivalents | 251,850,000 | 193,017,000 | 158,845,000 | 304,431,000 | 284,695,000 | 232,231,000 | 177,194,000 | 129,180,000 | 121,738,000 | 441,661,000 | 722,440,000 | 751,218,000 | 732,116,000 | 708,890,000 | 410,635,000 | 374,352,000 | 370,498,000 | 424,986,000 | 331,414,000 | 236,955,000 | 173,372,000 | 221,060,000 | 155,290,000 | 434,465,000 | 382,620,000 | 278,333,000 |
short-term investments | 7,473,000 | 6,176,000 | 10,705,000 | 8,382,000 | 4,477,000 | 2,979,000 | 995,000 | 11,553,000 | 27,114,000 | 50,878,000 | 55,768,000 | |||||||||||||||
accounts receivable | 113,399,000 | 100,188,000 | 88,111,000 | 102,752,000 | 103,455,000 | 91,399,000 | 83,446,000 | 108,064,000 | 100,204,000 | 92,621,000 | 83,528,000 | 98,231,000 | 95,095,000 | 81,033,000 | 97,601,000 | 116,271,000 | 114,298,000 | 115,604,000 | 104,281,000 | 121,709,000 | 121,930,000 | 102,233,000 | 96,293,000 | 109,837,000 | 100,528,000 | 98,035,000 |
income tax receivable | 1,845,000 | 1,426,000 | 1,024,000 | 603,000 | 459,000 | 1,133,000 | 1,998,000 | 1,316,000 | 987,000 | 1,013,000 | 1,170,000 | 1,343,000 | 1,114,000 | 3,219,000 | 4,677,000 | 2,286,000 | 2,273,000 | 3,380,000 | 1,155,000 | 1,633,000 | 1,117,000 | 708,000 | 732,000 | 1,141,000 | 893,000 | 1,774,000 |
prepaid and other current assets | 28,939,000 | 25,032,000 | 24,149,000 | 26,451,000 | 28,241,000 | 33,354,000 | 67,046,000 | 63,906,000 | 57,350,000 | 49,113,000 | 23,068,000 | 22,559,000 | 30,515,000 | 27,338,000 | 31,450,000 | 37,501,000 | 25,664,000 | 19,139,000 | 22,228,000 | 25,420,000 | 23,480,000 | 24,108,000 | 27,756,000 | 20,811,000 | 16,267,000 | 16,103,000 |
total current assets | 403,506,000 | 325,839,000 | 282,834,000 | 442,619,000 | 421,327,000 | 361,096,000 | 330,679,000 | 314,019,000 | 307,393,000 | 635,286,000 | 885,974,000 | 873,351,000 | 858,840,000 | 820,480,000 | 544,363,000 | 530,410,000 | 512,733,000 | 563,109,000 | 459,078,000 | 385,717,000 | 319,899,000 | 348,109,000 | 280,071,000 | 566,254,000 | 500,308,000 | 394,245,000 |
property and equipment | 15,978,000 | 17,210,000 | 18,852,000 | 18,641,000 | 19,669,000 | 20,387,000 | 21,114,000 | 23,447,000 | 26,634,000 | 26,987,000 | 27,659,000 | 27,974,000 | 29,722,000 | 35,211,000 | 66,153,000 | 58,507,000 | 58,649,000 | 48,167,000 | 43,497,000 | 41,554,000 | 38,945,000 | 35,694,000 | 37,921,000 | 36,918,000 | 35,864,000 | 37,870,000 |
operating lease assets | 28,597,000 | 34,325,000 | 36,182,000 | 39,848,000 | 43,776,000 | 45,015,000 | 43,837,000 | 52,739,000 | 61,418,000 | 63,977,000 | 67,397,000 | 71,373,000 | 74,318,000 | 83,202,000 | 124,828,000 | 108,030,000 | 110,961,000 | 104,844,000 | 108,099,000 | 90,181,000 | 89,825,000 | |||||
deferred taxes | 175,160,000 | 137,931,000 | 133,690,000 | 133,288,000 | 133,224,000 | 133,072,000 | 136,509,000 | 136,958,000 | 134,922,000 | 124,818,000 | 132,866,000 | 141,512,000 | 144,162,000 | 139,093,000 | 144,753,000 | 143,080,000 | 149,455,000 | 4,542,000 | 4,410,000 | 4,316,000 | 4,533,000 | 6,690,000 | 6,854,000 | 6,879,000 | 6,873,000 | 4,738,000 |
goodwill | 2,363,175,000 | 2,405,876,000 | 2,379,739,000 | 2,384,077,000 | 2,397,545,000 | 2,371,756,000 | 2,386,896,000 | 2,388,999,000 | 2,380,059,000 | 2,328,085,000 | 2,642,388,000 | 3,299,468,000 | 3,308,405,000 | 3,326,805,000 | 4,206,720,000 | 4,192,328,000 | 4,249,402,000 | 4,108,746,000 | 4,058,287,000 | 4,033,807,000 | 4,058,198,000 | 3,929,602,000 | 3,990,044,000 | 3,661,794,000 | 3,683,961,000 | 3,699,311,000 |
intangible assets | 128,940,000 | 143,764,000 | 155,133,000 | 168,624,000 | 183,688,000 | 196,517,000 | 212,592,000 | 228,272,000 | 243,980,000 | 255,880,000 | 281,908,000 | 311,874,000 | 342,563,000 | 397,582,000 | 466,667,000 | 524,320,000 | 592,985,000 | 587,458,000 | 644,361,000 | 704,099,000 | 771,513,000 | 815,801,000 | 873,144,000 | 891,958,000 | 956,261,000 | 1,020,995,000 |
other assets | 52,932,000 | 53,479,000 | 52,257,000 | 51,567,000 | 51,686,000 | 49,829,000 | 48,807,000 | 47,015,000 | 45,600,000 | 43,479,000 | 40,369,000 | 36,197,000 | 34,117,000 | 32,438,000 | 40,531,000 | 37,837,000 | 36,298,000 | 33,133,000 | 31,477,000 | 29,354,000 | 27,829,000 | 20,180,000 | 19,328,000 | 16,669,000 | 11,382,000 | 11,178,000 |
total assets | 3,168,288,000 | 3,118,424,000 | 3,058,687,000 | 3,238,664,000 | 3,250,915,000 | 3,177,672,000 | 3,180,434,000 | 3,191,449,000 | 3,200,006,000 | 3,478,512,000 | 4,078,561,000 | 4,761,749,000 | 4,792,127,000 | 4,834,811,000 | 5,594,015,000 | 5,594,512,000 | 5,710,483,000 | 5,449,999,000 | 5,349,209,000 | 5,289,028,000 | 5,310,742,000 | 5,156,076,000 | 5,207,362,000 | 5,180,472,000 | 5,194,649,000 | 5,168,337,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||
accounts payable | 7,448,000 | 9,406,000 | 9,505,000 | 9,541,000 | 9,701,000 | 8,996,000 | 10,928,000 | 8,848,000 | 14,045,000 | 9,589,000 | 7,515,000 | 7,188,000 | 7,327,000 | 13,611,000 | 10,369,000 | 19,299,000 | 17,932,000 | 12,903,000 | 11,071,000 | 10,765,000 | 13,796,000 | 10,345,000 | 11,492,000 | 10,052,000 | 9,742,000 | 5,831,000 |
accrued liabilities and other | 52,737,000 | 44,348,000 | 43,491,000 | 40,516,000 | 56,643,000 | 45,260,000 | 39,982,000 | 35,219,000 | 68,284,000 | 60,334,000 | 37,386,000 | 32,994,000 | 41,328,000 | 35,242,000 | 64,145,000 | 56,594,000 | 72,971,000 | 56,840,000 | 47,118,000 | 39,687,000 | 47,035,000 | 47,933,000 | 49,022,000 | 40,873,000 | 52,055,000 | 50,611,000 |
current operating lease liabilities | 13,661,000 | 14,224,000 | 14,225,000 | 14,762,000 | 14,925,000 | 14,941,000 | 14,847,000 | 15,013,000 | 15,005,000 | 14,898,000 | 14,904,000 | 14,938,000 | 14,382,000 | 15,028,000 | 19,056,000 | 18,476,000 | 17,811,000 | 16,277,000 | 15,201,000 | 13,226,000 | 14,093,000 | |||||
accrued interest payable | 246,000 | 262,000 | 889,000 | 1,182,000 | 942,000 | 627,000 | 307,000 | 306,000 | 579,000 | 261,000 | 234,000 | 171,000 | 153,000 | 152,000 | 153,000 | 154,000 | 157,000 | 157,000 | 159,000 | 203,000 | 248,000 | 262,000 | 846,000 | 863,000 | 290,000 | 1,116,000 |
income taxes payable | 45,456,000 | 44,335,000 | 42,248,000 | 38,038,000 | 29,240,000 | 25,173,000 | 25,656,000 | 14,909,000 | 11,841,000 | 15,016,000 | 16,944,000 | 6,483,000 | 3,086,000 | 5,765,000 | 6,787,000 | 11,324,000 | 16,358,000 | 16,007,000 | 25,246,000 | 18,375,000 | 15,714,000 | 18,460,000 | 9,436,000 | 17,878,000 | 15,682,000 | 2,536,000 |
current portion of deferred revenue | 343,357,000 | 335,384,000 | 332,120,000 | 344,292,000 | 344,907,000 | 328,071,000 | 332,309,000 | 343,594,000 | 337,541,000 | 313,363,000 | 315,108,000 | 329,017,000 | 327,701,000 | 316,870,000 | 326,463,000 | 343,412,000 | 346,075,000 | 323,313,000 | 314,105,000 | 323,168,000 | 312,227,000 | 293,365,000 | 289,203,000 | 285,212,000 | 270,433,000 | 259,456,000 |
current debt obligation | 12,357,000 | 9,267,000 | 12,357,000 | 9,267,000 | 12,450,000 | 12,450,000 | 12,450,000 | 12,450,000 | 9,338,000 | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 |
total current liabilities | 475,262,000 | 457,226,000 | 454,835,000 | 625,760,000 | 468,808,000 | 435,518,000 | 436,479,000 | 430,339,000 | 456,633,000 | 433,361,000 | 411,991,000 | 410,691,000 | 413,877,000 | 406,568,000 | 446,873,000 | 469,159,000 | 491,204,000 | 445,397,000 | 432,800,000 | 425,324,000 | 423,013,000 | 390,265,000 | 379,899,000 | 374,778,000 | 368,102,000 | 339,450,000 |
long-term liabilities: | ||||||||||||||||||||||||||
deferred revenue, net of current portion | 45,941,000 | 43,548,000 | 42,815,000 | 41,920,000 | 42,070,000 | 41,583,000 | 42,018,000 | 41,992,000 | 38,945,000 | 36,557,000 | 34,887,000 | 35,458,000 | 34,968,000 | 33,942,000 | 33,776,000 | 34,853,000 | 36,679,000 | 34,839,000 | 32,314,000 | 32,384,000 | 31,173,000 | 30,706,000 | 29,323,000 | 26,578,000 | 25,699,000 | 24,721,000 |
non-current deferred taxes | 1,700,000 | 1,955,000 | 1,896,000 | 1,904,000 | 1,933,000 | 7,017,000 | 4,995,000 | 10,488,000 | 8,582,000 | 6,785,000 | 7,968,000 | 10,713,000 | 16,918,000 | 20,168,000 | 38,852,000 | 47,706,000 | 59,149,000 | 73,171,000 | 82,332,000 | 89,237,000 | 97,884,000 | 114,919,000 | 128,815,000 | 137,454,000 | 147,144,000 | 152,397,000 |
non-current operating lease liabilities | 35,704,000 | 39,900,000 | 42,839,000 | 46,366,000 | 49,848,000 | 52,233,000 | 52,276,000 | 55,968,000 | 59,235,000 | 62,060,000 | 66,143,000 | 70,713,000 | 74,543,000 | 85,464,000 | 132,680,000 | 111,102,000 | 115,071,000 | 109,936,000 | 111,537,000 | 95,279,000 | 93,084,000 | |||||
other long-term liabilities | 14,738,000 | 15,586,000 | 15,578,000 | 41,795,000 | 55,278,000 | 54,995,000 | 54,194,000 | 74,586,000 | 74,193,000 | 74,843,000 | 74,495,000 | 88,786,000 | 93,156,000 | 92,698,000 | 92,901,000 | 101,590,000 | 115,021,000 | 118,876,000 | 116,488,000 | 123,721,000 | 122,660,000 | 130,565,000 | 136,996,000 | 133,902,000 | 133,532,000 | 141,531,000 |
long-term debt | 1,194,229,000 | 1,195,846,000 | 1,195,415,000 | 1,195,800,000 | 1,190,934,000 | 1,191,378,000 | 1,191,816,000 | 1,192,276,000 | 1,192,765,000 | 1,564,441,000 | 1,865,270,000 | 1,868,010,000 | 1,870,769,000 | 1,873,472,000 | 1,877,220,000 | 1,879,936,000 | 1,882,672,000 | 1,885,352,000 | 1,888,026,000 | 1,890,719,000 | 1,893,406,000 | 1,896,062,000 | 1,898,713,000 | 1,901,383,000 | 1,904,072,000 | 2,216,272,000 |
total liabilities | 1,767,574,000 | 1,754,061,000 | 1,753,378,000 | 1,953,545,000 | 1,808,871,000 | 1,782,724,000 | 1,781,778,000 | 1,805,649,000 | 1,830,353,000 | 2,178,047,000 | 2,460,754,000 | 2,484,371,000 | 2,504,231,000 | 2,512,312,000 | 2,622,302,000 | 2,644,346,000 | 2,699,796,000 | 2,667,571,000 | 2,663,497,000 | 2,656,664,000 | 2,661,220,000 | 2,562,517,000 | 2,573,746,000 | 2,574,095,000 | 2,578,549,000 | 2,874,371,000 |
commitments and contingencies | ||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||
common stock | 172,000 | 171,000 | 169,000 | 168,000 | 167,000 | 166,000 | 165,000 | 164,000 | 162,000 | 161,000 | 161,000 | 160,000 | 159,000 | 158,000 | 158,000 | 315,000 | 313,000 | 311,000 | 311,000 | 310,000 | 308,000 | 307,000 | 307,000 | 306,000 | 305,000 | 102,000 |
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of december 31, 2024 and 2023, respectively | ||||||||||||||||||||||||||
additional paid-in capital | 2,575,099,000 | 2,561,560,000 | 2,546,118,000 | 2,532,169,000 | 2,688,854,000 | 2,672,036,000 | 2,654,178,000 | 2,638,670,000 | 2,627,370,000 | 2,612,665,000 | 2,594,192,000 | 2,577,818,000 | 2,566,783,000 | 2,555,790,000 | 3,140,176,000 | 3,124,493,000 | 3,112,106,000 | 3,092,633,000 | 3,067,458,000 | 3,054,734,000 | 3,041,880,000 | 3,037,845,000 | 3,027,849,000 | 3,019,652,000 | 3,011,080,000 | |
accumulated other comprehensive loss | -67,586,000 | -17,727,000 | -48,767,000 | -43,903,000 | -28,103,000 | -58,956,000 | -40,561,000 | -37,648,000 | -7,898,000 | |||||||||||||||||
accumulated deficit | -1,106,971,000 | -1,179,641,000 | -1,192,211,000 | -1,203,315,000 | -1,218,874,000 | -1,218,298,000 | -1,215,126,000 | -1,215,386,000 | -1,209,765,000 | -1,199,354,000 | -907,135,000 | -285,011,000 | -280,352,000 | -256,707,000 | -247,728,000 | -236,104,000 | -228,944,000 | -361,657,000 | -374,159,000 | -387,004,000 | -387,419,000 | -400,642,000 | -405,035,000 | -402,916,000 | -412,328,000 | -1,108,832,000 |
total stockholders’ equity | 1,400,714,000 | 1,364,363,000 | 1,305,309,000 | 1,285,119,000 | 1,442,044,000 | 1,394,948,000 | 1,398,656,000 | 1,385,800,000 | 1,369,653,000 | 1,300,465,000 | 1,617,807,000 | 2,277,378,000 | 2,287,896,000 | 2,322,499,000 | 2,971,713,000 | 2,950,166,000 | 3,010,687,000 | 2,782,428,000 | 2,685,712,000 | 2,632,364,000 | 2,649,522,000 | 2,593,559,000 | 2,633,616,000 | 2,606,377,000 | 2,616,100,000 | |
total liabilities and stockholders’ equity | 3,168,288,000 | 3,118,424,000 | 3,058,687,000 | 3,238,664,000 | 3,250,915,000 | 3,177,672,000 | 3,180,434,000 | 3,191,449,000 | 3,200,006,000 | 3,478,512,000 | 4,078,561,000 | 4,761,749,000 | 4,792,127,000 | 4,834,811,000 | 5,594,015,000 | 5,594,512,000 | 5,710,483,000 | 5,449,999,000 | 5,349,209,000 | 5,289,028,000 | 5,310,742,000 | 5,156,076,000 | 5,207,362,000 | 5,180,472,000 | ||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of september 30, 2024 and december 31, 2023, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of june 30, 2024 and december 31, 2023, respectively | ||||||||||||||||||||||||||
dividends payable | 168,162,000 | |||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of march 31, 2024 and december 31, 2023, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of december 31, 2023 and 2022, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of september 30, 2023 and december 31, 2022, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of june 30, 2023 and december 31, 2022, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of march 31, 2023 and december 31, 2022, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of december 31, 2022 and 2021, respectively | ||||||||||||||||||||||||||
accumulated other comprehensive income | -48,114,000 | -113,007,000 | -69,411,000 | -15,589,000 | 1,306,000 | 23,258,000 | 79,107,000 | 61,462,000 | 127,212,000 | 51,141,000 | -35,676,000 | -5,247,000 | -43,951,000 | 10,495,000 | -10,665,000 | 17,043,000 | 39,205,000 | |||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of september 30, 2022 and december 31, 2021, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of june 30, 2022 and december 31, 2021, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of march 31, 2022 and december 31, 2021, respectively | ||||||||||||||||||||||||||
current assets of discontinued operations | ||||||||||||||||||||||||||
non-current assets of discontinued operations | ||||||||||||||||||||||||||
current liabilities of discontinued operations | ||||||||||||||||||||||||||
non-current liabilities of discontinued operations | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of december 31, 2021 and 2020, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of september 30, 2021 and december 31, 2020, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of june 30, 2021 and december 31, 2020, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of march 31, 2021 and december 31, 2020, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of december 31, 2020 and 2019, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of september 30, 2020 and december 31, 2019, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of june 30, 2020 and december 31, 2019, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of march 31, 2020 and december 31, 2019, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of december 31, 2019 and 2018, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of september 30, 2019 and december 31, 2018, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of june 30, 2019 and december 31, 2018, respectively | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of march 31, 2019 and december 31, 2018, respectively | ||||||||||||||||||||||||||
liabilities, redeemable convertible common stock and stockholders’ equity | ||||||||||||||||||||||||||
redeemable convertible class a common stock, 0.001 par value: no shares authorized, issued or outstanding at december 31, 2018; 5,755,000 shares authorized and 2,661,030 shares issued and outstanding as of december 31, 2017 | ||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||
preferred stock, 0.001 par value: 50,000,000 shares authorized and no shares issued and outstanding as of december 31, 2018; no shares authorized, issued and outstanding as of december 31, 2017 | ||||||||||||||||||||||||||
total liabilities, redeemable convertible common stock and stockholders’ equity | 5,194,649,000 | |||||||||||||||||||||||||
liabilities, redeemable convertible common stock and stockholders’ deficit | ||||||||||||||||||||||||||
redeemable convertible class a common stock, 0.001 par value: 5,755,000 class a shares authorized; 2,661,015 and 2,661,030 class a shares issued and outstanding as of september 30, 2018 and december 31, 2017, respectively | 3,363,491,000 | |||||||||||||||||||||||||
stockholders’ deficit: | ||||||||||||||||||||||||||
total stockholders’ deficit | -1,069,525,000 | |||||||||||||||||||||||||
total liabilities, redeemable convertible common stock and stockholders’ deficit | 5,168,337,000 | |||||||||||||||||||||||||
revenue: | ||||||||||||||||||||||||||
subscription | 67,713,000 | |||||||||||||||||||||||||
maintenance | 101,817,000 | |||||||||||||||||||||||||
total recurring revenue | 169,530,000 | |||||||||||||||||||||||||
license | 43,747,000 | |||||||||||||||||||||||||
total revenue | 213,277,000 | |||||||||||||||||||||||||
cost of revenue: | ||||||||||||||||||||||||||
cost of recurring revenue | 18,022,000 | |||||||||||||||||||||||||
amortization of acquired technologies | 43,835,000 | |||||||||||||||||||||||||
total cost of revenue | 61,857,000 | |||||||||||||||||||||||||
gross profit | 151,420,000 | |||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||
sales and marketing | 56,926,000 | |||||||||||||||||||||||||
research and development | 23,274,000 | |||||||||||||||||||||||||
general and administrative | 19,597,000 | |||||||||||||||||||||||||
amortization of acquired intangibles | 16,507,000 | |||||||||||||||||||||||||
total operating expenses | 116,304,000 | |||||||||||||||||||||||||
operating income | 35,116,000 | |||||||||||||||||||||||||
other income: | ||||||||||||||||||||||||||
interest expense | -35,627,000 | |||||||||||||||||||||||||
other income | -13,000 | |||||||||||||||||||||||||
total other income | -35,640,000 | |||||||||||||||||||||||||
income before income taxes | -524,000 | |||||||||||||||||||||||||
income tax benefit | -126,000 | |||||||||||||||||||||||||
net income | -398,000 | |||||||||||||||||||||||||
net income available to common stockholders | -75,006,000 | |||||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||
basic loss per share | -730 | |||||||||||||||||||||||||
diluted loss per share | -730 | |||||||||||||||||||||||||
weighted-average shares used for eps calculation | ||||||||||||||||||||||||||
shares used in computation of basic loss per share | 102,078,000 | |||||||||||||||||||||||||
shares used in computation of diluted loss per share | 102,078,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-12-31 | 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 | |||||||
capital expenditures | -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 |

