Vonage Holdings Corp
(NASDAQ:VG)

Vonage Holdings Corp. primarily operates as a business-to-business cloud communications company in the United States, Canada, the United Kingdom, the European Union, and Asia. It operates in two segments, Vonage Communications Platform and Consumer. The Vonage Communications Platform segment offers ...

Website: http://www.vonage.com

Founded: 1998

Full Time Employees: 2,198 (May 2021)

Sector: Communication Services

Industry: Telecom Services

Communication Services

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At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	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	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30

revenues:
service, access and product revenues	344,852,000	350,167,000	341,544,000	332,559,000	314,793,000	306,773,000	298,991,000	296,516,000	283,077,000
usf revenues	13,976,000	16,138,000	16,797,000	18,910,000	18,107,000	16,522,000	17,658,000	14,017,000	14,380,000
total revenues	358,828,000	366,305,000	358,341,000	351,469,000	332,900,000	323,295,000	316,649,000	310,533,000	297,457,000	309,687,000	302,534,000	297,584,000	279,541,000	273,803,000	261,531,000	259,875,000	253,573,000	254,020,000	253,083,000	251,836,000	243,347,000	246,763,000	248,359,000	233,675,000	226,824,000	230,124,000	223,360,000	221,858,000	219,730,000
yoy	7.79%	13.30%	13.17%	13.18%	11.92%	4.39%	4.67%	4.35%	6.41%	13.11%	15.68%	14.51%	10.24%	7.79%	3.34%	3.19%	4.20%	2.94%	1.90%	7.77%	7.28%	7.23%	11.19%	5.33%	3.23%
qoq	-2.04%	2.22%	1.96%	5.58%	2.97%	2.10%	1.97%	4.40%	-3.95%	2.36%	1.66%	6.45%	2.10%	4.69%	0.64%	2.49%	-0.18%	0.37%	0.50%	3.49%	-1.38%	-0.64%	6.28%	3.02%	-1.43%	3.03%	0.68%	0.97%
operating expenses:
service, access and product cost of revenues	168,409,000	174,923,000	161,067,000	149,887,000	138,680,000	133,694,000	124,243,000	119,971,000	113,038,000
usf cost of revenues	13,976,000	16,138,000	16,797,000	18,910,000	18,107,000	16,522,000	17,658,000	14,017,000	14,380,000
sales and marketing	78,878,000	80,702,000	86,826,000	86,215,000	81,474,000	80,100,000	85,505,000	90,827,000	85,621,000	88,598,000	83,628,000	95,362,000	95,523,000	82,232,000	74,380,000	77,685,000	77,136,000	78,006,000	73,576,000	79,738,000	81,931,000	84,293,000	83,731,000	83,344,000	79,601,000	89,919,000	88,028,000	84,385,000	85,564,000
engineering and development	20,760,000	19,961,000	17,636,000	22,710,000	20,360,000	22,387,000	20,110,000	19,784,000	19,203,000	19,142,000	16,901,000	16,891,000	16,526,000	16,635,000	14,309,000	10,375,000	10,820,000	7,634,000	6,956,000	6,670,000	8,370,000	7,607,000	8,075,000	7,243,000	6,834,000	6,921,000	6,830,000	6,864,000	6,605,000
general and administrative	70,456,000	70,164,000	44,063,000	43,301,000	44,933,000	41,569,000	56,835,000	42,820,000	40,882,000	39,292,000	41,306,000	36,615,000	35,459,000	37,948,000	37,620,000	32,174,000	27,582,000	24,126,000	26,811,000	36,514,000	35,086,000	34,043,000	27,538,000	35,053,000	26,670,000	29,897,000	28,860,000	27,162,000	23,234,000
depreciation and amortization	25,195,000	23,572,000	22,507,000	22,284,000	20,417,000	24,853,000	22,887,000	20,692,000	20,485,000	23,061,000	21,319,000	20,662,000	21,214,000	19,094,000	16,024,000	19,062,000	16,800,000	18,003,000	18,179,000	18,394,000	17,947,000	19,070,000	18,018,000	18,218,000	16,979,000	17,979,000	15,446,000	14,463,000	13,945,000	14,264,000	12,346,000	12,459,000	12,338,000	11,427,000	8,459,000	8,205,000	7,975,000	8,052,000	8,110,000	8,518,000	8,644,000	8,638,000	8,683,000	8,664,000	11,066,000	12,727,000	12,649,000	13,929,000	13,768,000	13,766,000	12,881,000	13,848,000	12,896,000	13,942,000	13,347,000	11,114,000	10,209,000	8,563,000	8,191,000	7,859,000	7,032,000	5,946,000	5,740,000
total operating expenses	377,674,000	385,460,000	348,896,000	343,307,000	323,971,000	319,125,000	327,238,000	308,111,000	293,609,000	305,712,000	296,987,000	297,751,000	282,133,000	267,782,000	246,684,000	246,500,000	235,905,000	231,035,000	228,460,000	245,177,000
income from operations	-18,846,000	-19,155,000	9,445,000	8,162,000	8,929,000	4,170,000	-10,589,000	2,422,000	3,848,000	3,975,000	5,547,000	-167,000	-2,592,000	6,021,000	14,847,000	13,375,000	17,668,000	22,985,000	24,623,000	6,659,000	5,124,000	5,214,000	15,029,000	5,387,000	18,524,000	8,298,000	8,797,000	16,558,000	19,339,000	13,832,000	11,637,000	12,016,000	10,322,000	6,636,000	9,223,000	14,016,000	22,474,000	24,015,000	22,748,000	-2,686,000	20,533,000	27,897,000	27,388,000	31,181,000	29,884,000	25,904,000	19,838,000	24,298,000	25,014,000	18,779,000	18,273,000	15,050,000	5,100,000	2,814,000	-2,860,000	-1,940,000	-4,453,000	-160,512,000	-33,027,000	-73,075,000
yoy	-311.07%	-559.35%	-189.20%	236.99%	132.04%	4.91%	-290.90%	-1550.30%	-248.46%	-33.98%	-62.64%	-101.25%	-114.67%	-73.80%	-39.70%	100.86%	244.81%	340.83%	63.84%	23.61%	-72.34%	-37.17%	70.84%	-67.47%	-4.21%	-40.01%	-24.40%	37.80%	87.36%	108.44%	26.17%	-14.27%	-54.07%	-72.37%	-59.46%	-621.82%	9.45%	-13.92%	-16.94%	-108.61%	-31.29%	7.69%	38.06%	28.33%	19.47%	37.94%	8.56%	61.45%	390.47%	567.34%	-738.92%	-875.77%	-214.53%	-101.75%	-91.34%	-97.35%
qoq	-1.61%	-302.81%	15.72%	-8.59%	114.12%	-139.38%	-537.20%	-37.06%	-3.19%	-28.34%	-3421.56%	-93.56%	-143.05%	-59.45%	11.01%	-24.30%	-23.13%	-6.65%	269.77%	29.96%	-1.73%	-65.31%	178.99%	-70.92%	123.23%	-5.67%	-46.87%	-14.38%	39.81%	18.86%	-3.15%	16.41%	55.55%	-28.05%	-34.20%	-37.63%	-6.42%	5.57%	-946.91%	-113.08%	-26.40%	1.86%	-12.16%	4.34%	15.36%	30.58%	-18.36%	-2.86%	33.20%	2.77%	21.42%	195.10%	81.24%	-198.39%	47.42%	-56.43%	-97.23%	386.00%	-54.80%
operating margin %	-5.25%	-5.23%	2.64%	2.32%	2.68%	1.29%	-3.34%	0.78%	1.29%	1.28%	1.83%	-0.06%	-0.93%	2.20%	5.68%	5.15%	6.97%	9.05%	9.73%	2.64%	2.11%	2.11%	6.05%	2.31%	8.17%	3.61%	3.94%	7.46%	8.80%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	NaN%	NaN%	NaN%
other income:
interest expense	-3,653,000	-6,924,000	-7,045,000	-7,081,000	-7,298,000	-7,384,000	-7,373,000	-9,321,000	-8,082,000	-8,304,000	-8,454,000	-8,487,000	-7,576,000	-5,774,000	-3,036,000	-3,097,000	-3,161,000	-3,483,000	-3,821,000	-3,861,000	-3,703,000	-2,369,250	-3,974,000	-3,057,000	-2,446,000	-1,561,250	-2,222,000	-2,088,000	-1,935,000	-1,297,750	-1,680,000	-1,434,000	-2,077,000	-1,174,500	-1,509,000	-1,732,000	-1,457,000	-1,179,750	-1,402,000	-1,566,000	-1,751,000	-3,779,000	-2,926,000	-5,588,000	-6,602,000	-11,338,000	-11,569,000	-12,423,000	-13,211,000	-13,281,000	-13,690,000	-13,679,000	-13,542,000	-13,268,000	-5,504,000	-5,535,000	-5,571,000	-5,424,000	-5,127,000	-5,149,000
other income	511,000	1,119,000	-100,000	-288,000	174,000	160,000	-37,000	-38,000	229,000	455,000	58,000	-147,000	-416,000	-749,000	347,000	337,000	-253,000	322,000	465,000	686,000	-220,000	-59,250	-495,000	104,000	154,000	-148,750	-50,000	32,000	-577,000	-10,000	-2,000	36,000	-13,000	-17,750	-15,000	-17,000	-39,000	1,250	28,000	-65,000	42,000	-1,250	-47,000	44,000	-2,000	-59,000	-19,000
total other expense	-3,142,000	-5,409,500	-7,145,000	-7,369,000	-7,124,000	-6,155,500	-7,410,000	-9,359,000	-7,853,000
income before income tax	-21,988,000	1,224,500	2,300,000
income tax benefit	4,866,000	2,809,000	-4,332,000		-2,181,000	-10,911,000	7,937,000	-1,493,000	250,000	1,499,000	-18,248,000	13,325,000	10,050,000	1,411,000	-2,570,000	-2,056,000	10,270,000			1,337,000	4,707,000															-4,894,000				947,000					-666,000				136,000	-124,500	-29,000	-301,000	-168,000	18,000	-43,000		-173,000	-94,000	-183,000	-194,000
net income	-17,122,000	-22,151,000	-2,032,000	62,000	-376,000	-13,965,000	-10,062,000	-8,430,000	-3,755,000	-2,375,000	-21,097,000	4,524,000	-534,000	-6,943,000	9,588,000	8,559,000	24,524,000	-55,273,000	10,602,000	4,825,000	5,913,000	1,000	9,078,000	897,000	7,931,000	3,406,000	3,433,000	8,347,000	7,410,000	5,494,000	4,365,000	5,383,000	4,205,000	3,322,000	3,985,000	7,447,000	13,047,000	12,833,000	13,213,000	-3,340,000	13,921,000	350,146,000	16,037,000	21,748,000	21,113,000	-41,689,000	-55,382,000	-562,000	13,968,000	4,401,000	-54,555,000	2,285,000	5,271,000	-40,916,000	-7,817,000	-6,882,000	-8,961,000	-161,828,000	-33,626,000	-72,334,000	-117,093,000	-62,184,000	-74,136,000
yoy	4453.72%	58.62%	-79.81%	-100.74%	-89.99%	488.00%	-52.31%	-286.34%	603.18%	-65.79%	-320.04%	-47.14%	-102.18%	-87.44%	-9.56%	77.39%	314.75%	-5527400.00%	16.79%	437.90%	-25.44%	-99.97%	164.43%	-89.25%	7.03%	-38.01%	-21.35%	55.06%	76.22%	65.38%	9.54%	-27.72%	-67.77%	-74.11%	-69.84%	-322.96%	-6.28%	-96.33%	-17.61%	-115.36%	-34.06%	-939.90%	-128.96%	-3969.75%	51.15%	-1047.26%	1.52%	-124.60%	165.00%	-110.76%	597.90%	-133.20%	-158.82%	-74.72%	-76.75%	-90.49%	-92.35%	160.24%	-54.64%
qoq	-22.70%	990.11%	-3377.42%	-116.49%	-97.31%	38.79%	19.36%	124.50%	58.11%	-88.74%	-566.34%	-947.19%	-92.31%	-172.41%	12.02%	-65.10%	-144.37%	-621.35%	119.73%	-18.40%	591200.00%	-99.99%	912.04%	-88.69%	132.85%	-0.79%	-58.87%	12.65%	34.87%	25.86%	-18.91%	28.01%	26.58%	-16.64%	-46.49%	-42.92%	1.67%	-2.88%	-495.60%	-123.99%	-96.02%	2083.36%	-26.26%	3.01%	-150.64%	-24.72%	9754.45%	-104.02%	217.38%	-108.07%	-2487.53%	-56.65%	-112.88%	423.42%	13.59%	-23.20%	-94.46%	381.26%	-53.51%	-38.23%	88.30%	-16.12%
net income margin %	-4.77%	-6.05%	-0.57%	0.02%	-0.11%	-4.32%	-3.18%	-2.71%	-1.26%	-0.77%	-6.97%	1.52%	-0.19%	-2.54%	3.67%	3.29%	9.67%	-21.76%	4.19%	1.92%	2.43%	0.00%	3.66%	0.38%	3.50%	1.48%	1.54%	3.76%	3.37%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%
loss per common share:
basic and diluted	-70	-90	-10			-22.5	-40		-20
weighted-average common shares outstanding:
basic and diluted	254,666,000	251,500,000	252,101,000		249,638,000		246,697,000		243,627,000																																					209,868,000				170,314,000				156,258,000	156,299,000	156,103,000	156,034,000	155,784,000	155,506,000	155,151,000	94,207,000	154,775,000	63,995,000
income before income tax benefit				793,000	1,805,000																																			-4,287,000					21,779,000				13,832,000	-11,625,250	-54,526,000	2,586,000	5,439,000	-5,741,000	-7,774,000		-8,788,000	-161,734,000	-33,443,000	-72,140,000
income tax expense				-731,000														-75,102,000	-10,668,000			-2,846,250	-1,501,000	-1,562,000	-8,322,000	-4,072,500	-3,116,000	-6,176,000	-6,998,000	-3,752,750	-5,627,000	-5,266,000	-4,118,000	-4,168,250	-3,811,000		-7,968,000	-3,041,750	-8,191,000		-4,923,000	-447,500	-426,000	-698,000		-22,000	-91,000	-341,000								-480,000
income per common share:
basic
diluted
weighted-average common shares outstanding:
basic				251,430,000		246,082,000		245,385,000		242,018,000	242,336,000	242,475,000	240,527,000	237,499,000	239,303,000	237,919,000	233,034,000	225,311,000	227,943,000	223,492,000	220,371,000	215,751,000	217,000,000	213,558,000	214,039,000	213,147,000	213,291,000	213,582,000	211,844,000	209,822,000	208,580,000	211,390,000	212,195,000	211,563,000	209,589,000	212,169,000	214,639,000	224,264,000	225,555,000	226,429,000	225,732,000	224,324,000	225,281,000	224,233,000	222,162,000		212,086,000	211,305,000	201,324,000		167,666,000	156,928,000	156,718,000
diluted				259,962,000		246,082,000		245,385,000		242,018,000	242,336,000	249,720,000	240,527,000	248,892,000	249,516,000	248,256,000	248,481,000	225,311,000	242,720,000	239,938,000	239,486,000	231,941,000	234,868,000	222,700,000	224,225,000	224,110,000	225,182,000	222,188,000	220,589,000	219,419,000	217,176,000	221,002,000	225,187,000	220,520,000	217,059,000	219,837,000	223,202,000	232,633,000	233,708,000	226,429,000	236,036,000	241,744,000	241,189,000	244,590,000	240,340,000		212,086,000	211,305,000	221,947,000		167,666,000	156,928,000	218,787,000
loss before income tax benefit						-7,235,250	-17,999,000	-6,937,000	-4,005,000
earnings per common share:
basic								-30		-10	-90	20		-30	40	40	110	25	50	20
diluted								-30		-10	-90	20		-30	40	30	100	22.5	40	20
cost of revenues										135,619,000	133,833,000	128,221,000	113,411,000	111,873,000	104,351,000	107,204,000	103,567,000
total other income										-7,849,000	-8,396,000	-8,634,000	-7,992,000	-6,523,000	-2,689,000	-2,760,000	-3,414,000	-3,156,000	-3,353,000	-3,171,000
income before income taxes benefit										-5,558,500	-2,849,000	-8,801,000	-10,584,000
income before income taxes														-502,000	12,158,000	10,615,000	14,254,000	6,491,000	21,270,000	3,488,000
cost of service																		70,475,500	96,632,000	97,674,000	87,596,000	58,151,250	87,377,000	76,078,000	69,150,000	48,313,750	67,193,000	64,209,000	61,853,000
cost of goods sold																		6,208,000	6,306,000	6,187,000	7,293,000	7,768,000	8,591,000	8,352,000	9,066,000	8,597,000	8,206,000	8,217,000	9,190,000
interest income																		5,000	3,000	4,000	5,000	14,000	19,000	25,000	21,000	24,000	24,000	21,000	20,000	53,000	37,000	31,000	91,000	99,000	97,000	74,000	37,000	29,000	30,000	30,000	20,000	23,000	33,000	37,000	42,000	139,000	154,000	173,000	53,000	49,000	58,000	60,000	110,000	271,000	544,000	1,021,000	1,400,000	4,238,000	4,761,000	6,067,000	7,030,000	7,721,000	3,980,000
operating expenses: - sum																					238,223,000	241,549,000	233,330,000	228,288,000	208,300,000													148,702,000	184,836,000
other income: - sum																					-3,918,000	-2,412,250	-4,450,000	-2,928,000	-2,271,000													-1,158,500	-1,344,000
income before income tax expense																					1,206,000									12,243,000	9,992,000	10,649,000	8,323,000	10,288,000	7,796,000	12,341,000	21,015,000	8,990,250	21,404,000		18,844,000	15,172,000	16,463,000	22,446,000		-41,667,000	-55,291,000	-221,000								-6,402,000
net income per common share:
basic																					30		40		40	20	20	40	50							40	60	50	60	-10	60	1,560	70	100	100	-50	-260		70	-72.5	-330	10	30
diluted																					20		40		40	10	20	40	40							30	60	60	60	-10	60	1,450	70	90	90	-50	-260		60	-72.5	-330	10	30
income from continuing operations before income tax expense																						1,554,000	10,579,000	2,459,000	16,253,000	5,534,000	6,549,000	14,523,000	16,847,000
income from continuing operations																						1,000	9,078,000	897,000	7,931,000	3,406,000	3,433,000	8,347,000	9,849,000
loss from discontinued operations
loss on disposal, net of taxes																										-206,000			-824,000
discontinued operations																										-609,750			-2,439,000
plus: net loss from discontinued operations attributable to noncontrolling interest
net income attributable to vonage																						1,000	9,078,000	897,000	7,931,000	3,406,000	3,433,000	8,347,000	7,469,000	5,604,000	4,556,000	5,518,000	4,588,000	3,588,000	4,207,000
net income per common share - continuing operations:
basic																					30		40		40	20	20	40	50							40	60	50	60	-10	60	1,560	70	100	100	-50	-260		70	-72.5	-330	10	30
diluted																					20		40		40	10	20	40	40							30	60	60	60	-10	60	1,450	70	90	90	-50	-260		60	-72.5	-330	10	30
net loss per common share - discontinued operations attributable to vonage:
basic
diluted
net income attributable to vonage per common share:
basic																						20	40		40	22.5	20	40	40	30	20	30	20	10	20
diluted																						20	40		40	22.5	20	40	30	20	20	20	20	20	20
income from discontinued operations																										-403,750			-1,615,000
plus: net income from discontinued operations attributable to noncontrolling interest																													59,000
net income per common share - discontinued operations attributable to vonage:
revenues																														214,601,000	214,737,000	218,882,000	220,733,000	211,220,000	203,984,000	204,776,000	209,087,000	213,711,000	207,584,000	211,916,000	215,903,000
direct cost of telephony services																														38,708,000	49,830,000	52,385,000	52,617,000	52,122,000	52,882,000	53,527,000	55,181,000	56,814,000	55,245,000	58,195,000	61,623,000	58,847,000	59,230,000	57,883,000	60,189,000	58,067,000	60,263,000	62,969,000	62,495,000			51,480,000	51,751,000	56,624,000	56,502,000	56,586,000	56,498,000	54,463,000	52,335,000	55,566,000	106,501,000	40,272,000
direct cost of goods sold																														7,098,500	9,205,000	9,450,000	9,739,000	9,956,000	9,535,000	9,217,000	8,878,000	9,568,000	10,444,000	9,275,000	9,846,000	10,125,000	10,711,000	9,865,000	11,055,000	12,051,000	13,214,000	14,053,000	16,647,000	17,070,000	17,727,000	16,179,000	20,512,000	17,942,000	20,835,000	18,533,000	22,072,000	17,057,000	11,243,000	13,333,000	12,169,000	16,934,000	16,047,000
selling, general and administrative																														49,314,000	73,414,000	73,569,000	78,453,000	73,159,000	64,752,000	61,481,000	62,910,000	62,461,000	59,676,000	58,396,000	61,835,000	58,579,000	59,451,000	58,481,000	58,243,000	58,523,000	58,908,000	60,768,000	60,787,000	62,891,000	63,187,000	71,327,000	68,051,000	68,627,000	73,035,000	77,931,000	79,392,000	217,939,000	88,202,000	90,992,000	81,790,000	72,052,000	66,109,000
marketing																														51,549,000	58,305,000	59,003,000	57,264,000	57,920,000	59,133,000	58,330,000	51,669,000	52,801,000	51,361,000	54,956,000	53,422,000	51,604,000	51,044,000	52,211,000	49,404,000	50,352,000	49,254,000	49,324,000	49,240,000	52,758,000	57,393,000	52,144,000	65,695,000	62,260,000	64,911,000	65,300,000	60,899,000	61,885,000	67,906,000	90,850,000	95,581,000	91,316,000	90,164,000
plus: net income attributable to noncontrolling interest																														110,000	191,000	135,000	383,000	266,000	222,000
income from abandonment of software assets																																								25,262,000
loss from abandonment of software assets																																						6,315,500
change in fair value of stock warrant
loss on extinguishment of notes																																										-2,951,500	-7,985,000	-3,228,000				-3,985,000
operating revenues:
telephony services																																										215,218,000	215,824,000	217,288,000	218,230,000	214,568,000	212,135,000	221,704,000	224,527,000	218,411,000	216,085,000	214,709,000	215,643,000	213,955,000	216,092,000	218,738,000	216,980,000	203,724,000	200,470,000	189,367,000	179,025,000	154,487,000	136,636,000
customer equipment and shipping																																										472,000	683,000	997,000	1,611,000	3,056,000	1,991,000	3,637,000	3,424,000	5,131,000	5,420,000	5,319,000	8,362,000	8,254,000	9,678,000	8,786,000	7,637,000	6,810,000	5,432,000	6,573,000	5,389,000	6,235,000	6,742,000
change in fair value of embedded features within notes payable and stock warrant																																										-237,500			-950,000	-29,782,000	-62,150,000
gain on extinguishment of notes																																													-593,000	-26,531,000	-1,545,000		1,038,000	225,000	3,816,000
change in fair value of embedded conversion option and stock warrant																																																-8,241,000	835,000
other																																																-43,000	103,000	22,000	15,000	5,000	801,000	-181,000	46,000	52,000	-164,000	-36,000	-50,000	17,000
direct cost of telephony services (excluding depreciation and amortization of 4,371, 4,908, 14,000 and 14,337, respectivel																																																		38,818,750	52,044,000
change in fair value of derivatives																																																		-1,055,000	-62,998,000
change in fair value of embedded derivative																																																				1,150,000	12,970,000
royalty																																																										11,139,000	11,052,000	10,415,000
total direct cost of telephony services																																																						56,624,000	56,502,000	56,586,000	56,498,000	65,602,000	63,387,000	65,981,000
net income per common share:
basic and diluted																																																						-37.5	-50	-40	-60	-1,040	-220	-470	-600	-400	-1,160
income taxes
direct cost of telephony services (excluding depreciation and
amortization of 3,133, 1,426, 5,685 and 2,380, respectively)																																																															38,946,000

Balance Sheets:

Quarterly

Annual

Unit: USD	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	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30

assets
current assets:
cash and cash equivalents	15,719,000	18,342,000	48,386,000	39,977,000	51,623,000	43,078,000	48,370,000	47,565,000	43,073,000	23,620,000	18,741,000	17,963,000	18,254,000	5,057,000	25,735,000	26,077,000	23,536,000	31,360,000	29,869,000	26,825,000	26,220,000	29,078,000	33,236,000	24,331,000	35,889,000	57,726,000	59,777,000	48,486,000	52,224,000	40,797,000	59,368,000	54,962,000	54,272,000	84,663,000	99,915,000	98,548,000	105,894,000	97,110,000	74,708,000	72,382,000	55,243,000	58,863,000	55,590,000	63,161,000	79,655,000	78,934,000	136,251,000	125,900,000	52,055,000	37,819,000	56,000,000	44,729,000	46,134,000	112,267,000	126,088,000	106,787,000	129,010,000	144,756,000	155,675,000	210,253,000	154,016,000	312,235,000
accounts receivable	145,895,000	147,622,000	138,630,000	124,426,000	111,584,000	116,304,000	119,553,000	114,554,000	96,238,000	101,813,000	94,423,000	97,465,000	73,375,000	75,342,000	57,060,000	49,460,000	43,927,000	44,159,000	42,435,000	36,185,000	32,108,000	36,688,000	33,259,000	35,272,000	20,846,000	19,913,000	22,669,000	24,778,000	21,239,000	17,990,000	22,048,000	21,705,000	19,626,000	19,649,000	21,932,000	23,296,000	20,759,000	20,416,000	22,367,000	19,320,000	16,684,000	17,862,000	17,747,000	17,797,000	15,922,000	15,207,000	19,000,000	18,300,000	15,376,000	16,906,000	23,115,000	21,364,000	17,696,000	24,957,000	25,218,000	22,029,000	21,823,000	18,885,000	15,738,000	16,544,000	14,589,000	10,550,000
deferred customer acquisition costs, current portion	23,871,000	23,961,000	22,897,000	20,631,000	19,490,000	18,161,000	16,884,000	15,868,000	14,971,000	13,834,000	12,529,000	11,789,000	10,585,000	11,755,000	10,669,000	9,640,000
prepaid expenses	34,293,000	33,875,000	36,469,000	34,081,000	37,133,000	32,131,000	36,362,000	24,413,000	26,263,000	22,338,000	28,146,000	25,219,000	27,113,000	26,496,000	21,344,000	23,099,000	27,970,000	23,763,000	23,324,000	25,833,000
other current assets	3,435,000	3,513,000	4,186,000	3,969,000	3,615,000	6,230,000	6,277,000	6,211,000	11,175,000	9,988,000	8,110,000	7,427,000	6,897,000	7,634,000	5,363,000	5,035,000	6,036,000	6,433,000	2,686,000	2,278,000
total current assets	223,213,000	227,313,000	250,568,000	223,084,000	223,445,000	215,904,000	228,060,000	209,608,000	193,066,000	173,068,000	162,919,000	160,929,000	137,546,000	127,754,000	121,591,000	115,344,000	113,040,000	109,775,000	102,463,000	96,110,000	94,827,000	102,281,000	124,763,000	120,609,000	117,436,000	136,807,000	144,135,000	133,011,000	133,943,000	115,398,000	132,724,000	130,135,000	122,075,000	155,140,000	174,637,000	178,297,000	172,671,000	159,848,000	147,541,000	146,807,000	123,390,000	124,770,000	103,728,000	109,981,000	123,933,000	123,996,000	188,752,000	189,375,000	119,927,000	129,369,000	135,959,000	122,327,000	116,517,000	204,731,000	239,680,000	230,766,000	438,235,000	437,080,000	493,962,000	569,772,000	610,020,000	649,164,000
property and equipment	20,155,000	24,334,000	25,742,000	28,244,000	29,848,000	31,621,000	37,449,000	40,163,000	43,144,000	48,371,000	48,330,000	47,759,000	48,776,000	49,262,000	42,754,000	43,992,000	44,296,000	46,754,000	45,760,000	44,688,000	45,722,000	48,415,000	49,791,000	52,563,000	51,881,000	49,483,000	48,063,000	44,759,000	46,350,000	49,630,000	43,771,000	44,830,000	47,921,000	52,243,000	52,657,000	56,436,000	57,615,000	60,533,000	56,353,000	60,683,000	64,556,000	67,978,000	69,970,000	72,143,000	74,131,000	79,050,000	79,315,000	82,292,000	84,979,000	86,226,000	87,086,000	93,273,000	98,292,000	103,465,000	108,755,000	114,072,000	127,856,000	134,626,000	136,811,000	131,842,000	123,523,000	124,734,000
operating lease right-of-use assets	32,221,000	31,855,000	32,202,000	34,320,000	35,745,000	29,330,000	22,971,000	31,329,000	33,735,000	50,847,000	53,561,000	49,954,000	53,042,000
goodwill	612,214,000	615,134,000	613,774,000	622,423,000	620,585,000	624,328,000	606,958,000	593,722,000	591,022,000	602,970,000	589,923,000	599,080,000	602,301,000	598,499,000	389,490,000	369,760,000	377,735,000	373,764,000	371,535,000	366,806,000	362,424,000	360,363,000	366,509,000	362,269,000	222,128,000	222,106,000	250,702,000	167,199,000	142,439,000	191,262,000	83,627,000	83,627,000	83,627,000	83,627,000
software, net of accumulated amortization of 149,946 and 140,565, respectively	110,707,000
deferred customer acquisition costs	77,826,000	77,442,000	73,310,000	70,719,000	68,609,000	67,529,000	62,760,000	60,545,000	58,891,000	55,148,000	50,672,000	48,222,000	43,980,000	37,881,000	34,821,000	32,258,000	29,501,000
restricted cash	2,172,000	1,967,000	2,461,000	2,097,000	2,213,000	1,919,000	1,999,000	2,046,000	2,039,000	2,015,000	2,054,000	1,679,000	1,872,000	2,047,000	1,984,000	1,940,000	1,835,000	1,967,000	1,827,000	1,802,000	1,799,000	1,851,000	1,836,000	1,938,000	1,860,000	2,587,000	2,588,000	2,407,000	2,401,000	3,405,000	3,407,000	3,411,000	4,407,000	4,405,000	4,401,000	4,393,000	4,392,000	5,656,000	5,653,000	5,932,000	5,933,000	6,929,000	6,930,000	6,934,000	6,934,000	7,978,000	48,480,000	2,900,000	70,773,000	40,173,000	40,133,000	39,995,000	39,585,000	2,185,000	42,192,000	41,501,000	78,146,000	66,760,000	24,978,000	8,042,000	9,355,000	8,922,000
intangible assets, net of accumulated amortization of 320,353 and 312,677, respectively	149,199,000
deferred tax assets	121,996,000	109,087,000	104,705,000	104,752,000	106,594,000	106,374,000	115,178,000	110,040,000	106,262,000	108,347,000	103,302,000	119,410,000	113,642,000	102,560,000	114,757,000	112,478,000	111,653,000	110,892,000	192,879,000	204,286,000
other assets	32,753,000	33,362,000	34,359,000	34,481,000	34,762,000	33,926,000	34,643,000	33,631,000	32,813,000	33,729,000	32,148,000	29,503,000	25,759,000	24,144,000	27,546,000	23,637,000	20,647,000	20,007,000	15,059,000	15,761,000	13,950,000	14,460,000	2,779,000	3,311,000	9,247,000	9,603,000	9,300,000	8,694,000	8,361,000	7,748,000	7,938,000	1,450,000	1,708,000	1,882,000	1,970,000	2,158,000	3,672,000	3,826,000	4,029,000	3,690,000	3,350,000	3,038,000	3,035,000	2,636,000	2,664,000	3,201,000	3,250,000	3,453,000	12,327,000	9,146,000	9,794,000	10,246,000	10,809,000	51,450,000	39,869,000	31,776,000	15,181,000	6,042,000	3,241,000	1,580,000	620,000	799,000
total assets	1,382,456,000	1,388,144,000	1,405,229,000	1,397,628,000	1,402,741,000	1,395,836,000	1,387,914,000	1,355,889,000	1,339,629,000	1,364,700,000	1,332,434,000	1,354,503,000	1,335,719,000	1,259,488,000	909,710,000	870,402,000	887,724,000	858,681,000	934,619,000	941,396,000	934,126,000	940,422,000	955,288,000	960,718,000	750,933,000	784,566,000	795,661,000	691,155,000	677,955,000	675,302,000	592,637,000	592,645,000	596,701,000	642,749,000	534,986,000	547,030,000	548,549,000	547,389,000	537,486,000	547,638,000	560,114,000	566,215,000	232,555,000	235,907,000	251,717,000	260,392,000	362,396,000	370,986,000	334,267,000	317,751,000	333,556,000	330,237,000	336,905,000	429,636,000	466,156,000	458,365,000	665,762,000	656,574,000	706,791,000	757,524,000	788,911,000	827,138,000
liabilities and stockholders’ equity
current liabilities:
accounts payable	57,382,000	39,662,000	44,046,000	40,857,000	31,324,000	17,464,000	34,442,000	29,383,000	32,789,000	42,366,000	47,158,000	38,249,000	43,690,000	53,262,000	26,256,000	36,999,000	31,543,000	29,766,000	33,070,000	23,045,000	39,014,000	30,751,000	27,345,000	49,700,000	46,943,000	42,798,000	37,944,000	36,751,000	30,652,000	42,564,000	43,164,000	40,684,000	35,565,000	49,867,000	39,483,000	43,554,000	52,877,000	74,028,000	50,626,000	58,107,000	53,632,000	66,214,000	48,162,000	46,907,000	34,223,000	37,128,000	35,751,000	45,438,000	16,053,000	10,498,000	23,515,000	31,646,000	33,978,000	47,775,000	72,042,000	52,749,000	58,121,000	46,306,000	54,989,000	58,899,000	57,329,000	44,994,000
accrued expenses	174,649,000	186,835,000	186,000,000	158,076,000	154,706,000	158,080,000	149,476,000	145,467,000	118,907,000	137,589,000	116,488,000	120,750,000	86,057,000	87,370,000	99,232,000	79,563,000	74,123,000	85,410,000	76,163,000	84,170,000	82,713,000	109,195,000	103,990,000	79,135,000	72,427,000	96,127,000	86,564,000	73,996,000	76,805,000	84,196,000	74,255,000	76,406,000	75,953,000	81,127,000	75,669,000	73,086,000	57,968,000	55,787,000	55,614,000	59,802,000	67,476,000	69,526,000	85,893,000	75,164,000	75,115,000	89,407,000	103,362,000	96,604,000	78,410,000	77,755,000	83,144,000	76,914,000	73,482,000	82,621,000	83,417,000	91,232,000	273,698,000	150,865,000	170,772,000	161,505,000	90,858,000	93,983,000
deferred revenue, current portion	53,978,000	61,420,000	56,325,000	61,721,000	60,030,000	65,506,000	62,813,000	65,171,000	61,022,000	59,464,000	61,105,000	59,704,000	53,628,000	53,447,000	27,509,000	28,440,000	28,874,000	30,255,000	31,332,000	31,157,000	31,172,000	32,442,000	31,862,000	33,070,000	31,785,000	32,605,000	34,330,000	34,616,000	34,434,000	35,570,000	35,392,000	35,666,000	36,264,000	36,899,000	35,051,000	35,397,000	34,783,000	35,803,000	36,992,000	36,892,000	37,377,000	38,778,000	40,891,000	41,576,000	41,897,000	43,397,000	46,687,000	48,748,000	51,602,000	61,019,000	63,267,000	62,712,000	63,155,000	67,844,000	69,394,000	64,709,000	51,038,000	48,293,000	44,777,000	38,504,000	34,601,000	30,274,000
operating lease liabilities, current portion	10,981,000	10,393,000	10,260,000	10,286,000	10,562,000	11,554,000	11,481,000	11,396,000	11,917,000	12,477,000	13,260,000	13,136,000	13,909,000
total current liabilities	296,990,000	298,310,000	296,631,000	270,940,000	256,622,000	252,604,000	258,212,000	251,417,000	224,635,000	251,896,000	238,011,000	231,839,000	207,284,000	204,079,000	162,997,000	163,752,000	153,290,000	164,477,000	159,521,000	158,143,000	173,833,000	194,426,000	186,279,000	185,270,000	170,676,000	190,928,000	178,149,000	168,989,000	165,384,000	185,695,000	176,051,000	179,208,000	174,117,000	194,115,000	176,315,000	178,043,000	171,532,000	196,422,000	173,940,000	185,416,000	189,010,000	204,955,000	220,298,000	175,585,000	163,094,000	191,715,000	188,811,000	193,730,000	148,935,000	152,009,000	172,601,000	173,886,000	173,170,000	452,848,000	479,359,000	463,108,000	383,875,000	246,482,000	271,556,000	259,928,000	183,776,000	170,185,000
indebtedness under revolving credit facility	130,500,000	130,500,000	150,500,000	170,500,000	210,500,000	215,500,000	240,500,000	245,500,000	265,500,000	220,500,000	235,500,000	248,000,000	466,500,000	425,000,000	114,000,000	116,000,000	146,000,000	141,000,000	182,000,000	214,000,000	224,000,000	209,000,000	229,000,000	239,000,000	109,000,000	119,000,000	149,000,000	87,000,000	87,000,000	67,000,000		55,000,000	55,000,000	75,000,000									15,000,000
convertible senior notes	340,620,000	305,609,000	301,807,000	298,060,000	294,444,000	290,784,000	287,176,000	283,619,000	280,111,000	276,658,000	273,265,000	269,924,000
operating lease liabilities	34,040,000	32,663,000	33,855,000	36,692,000	38,349,000	31,019,000	21,747,000	25,042,000	28,018,000	45,722,000	47,872,000	43,999,000	46,982,000
other liabilities	5,006,000	3,341,000	3,083,000	3,379,000	3,561,000	3,155,000	3,048,000	2,672,000	2,652,000	2,862,000	3,021,000	3,099,000	3,046,000	10,413,000	8,147,000	7,978,000	8,071,000	7,541,000	6,123,000	5,084,000
total liabilities	807,156,000	770,423,000	785,876,000	779,571,000	803,476,000	793,062,000	810,683,000	808,250,000	800,916,000	797,638,000	797,669,000	796,861,000	805,577,000	723,720,000	371,816,000	351,290,000	375,526,000	385,783,000	425,005,000	459,226,000	488,778,000	499,125,000	514,554,000	545,642,000	358,421,000	395,825,000	417,264,000	323,957,000	326,092,000	331,805,000	261,296,000	256,917,000	258,054,000	304,713,000	218,563,000	226,894,000	226,980,000	225,974,000	212,271,000	231,539,000	242,928,000	266,648,000	287,315,000	310,860,000	353,678,000	390,039,000	473,787,000	430,545,000	396,086,000	419,681,000	442,043,000	443,909,000	427,647,000	519,634,000	551,959,000	540,597,000	728,691,000	564,311,000	588,392,000	574,323,000	495,927,000	479,588,000
commitments and contingencies
stockholders’ equity:
common stock, par value 0.001 per share...	334,000	331,000	329,000	328,000	327,000	324,000	323,000	320,000	320,000	316,000	315,000	314,000	314,000	310,000	310,000	309,000	306,000	298,000	295,000	294,000	289,000	282,000	283,000	281,000	272,000	270,000	269,000	269,000	266,000	264,000	253,000	253,000	251,000	247,000	238,000	237,000	234,000	230,000	230,000	229,000	228,000		228,000	227,000	225,000	223,000	215,000	214,000	212,000	199,000	159,000		158,000			158,000		157,000	157,000	156,000	156,000	156,000
additional paid-in capital	1,627,599,000	1,646,725,000	1,608,182,000	1,588,222,000	1,571,025,000	1,554,574,000	1,539,527,000	1,519,055,000	1,506,664,000	1,494,469,000	1,481,077,000	1,464,742,000	1,424,173,000	1,415,682,000	1,405,991,000	1,396,407,000	1,384,718,000	1,375,391,000	1,359,975,000	1,349,356,000	1,331,062,000	1,310,847,000	1,294,600,000	1,280,998,000	1,231,714,000	1,224,947,000	1,216,326,000	1,206,704,000	1,192,973,000	1,184,662,000	1,157,473,000	1,151,033,000	1,144,415,000	1,136,289,000	1,104,831,000	1,099,085,000	1,092,447,000	1,088,186,000	1,085,180,000	1,081,173,000	1,077,605,000	1,074,488,000	1,070,628,000	1,065,920,000	1,059,837,000	1,053,805,000	1,031,200,000	1,027,989,000	1,024,347,000	1,008,303,000	947,719,000	945,492,000	980,768,000	939,850,000	935,683,000	932,491,000	943,107,000	936,708,000	929,465,000	922,097,000	915,413,000	908,203,000
accumulated deficit	-684,855,000	-691,718,000	-669,567,000	-667,535,000	-667,597,000	-667,221,000	-653,256,000	-643,194,000	-634,764,000	-631,009,000	-628,634,000	-607,537,000	-612,061,000	-611,985,000	-605,042,000	-614,630,000	-623,189,000	-672,561,000	-617,288,000	-627,890,000	-632,715,000		-637,114,000	-646,192,000	-647,089,000		-658,426,000	-661,859,000	-670,206,000		-683,279,000	-687,835,000	-693,353,000		-701,529,000	-705,736,000	-713,183,000		-739,063,000	-752,276,000	-748,936,000		-1,113,003,000	-1,129,040,000	-1,150,788,000	-1,171,901,000	-1,130,212,000	-1,074,830,000	-1,074,268,000	-1,092,637,000	-1,038,082,000	-1,040,367,000	-1,052,861,000	-1,011,945,000	-1,004,128,000	-997,246,000	-988,645,000	-826,817,000	-793,191,000	-720,857,000
treasury stock	-383,386,000	-359,068,000	-342,497,000	-339,024,000	-337,532,000	-320,891,000	-319,911,000	-319,314,000	-318,791,000	-306,043,000	-305,381,000	-304,031,000	-293,575,000	-275,009,000	-274,336,000	-271,890,000	-270,759,000	-244,239,000	-243,594,000	-243,229,000	-242,762,000		-217,040,000	-216,647,000	-190,708,000		-177,979,000	-176,066,000	-169,321,000		-140,140,000	-126,597,000	-111,278,000		-89,120,000	-74,335,000	-59,877,000		-24,271,000	-15,119,000	-14,544,000		-14,526,000	-14,282,000	-13,332,000	-13,139,000	-13,139,000	-13,121,000	-12,906,000	-12,843,000	-12,727,000	-12,710,000	-12,704,000	-12,676,000	-12,535,000	-12,535,000	-12,428,000	-12,342,000	-12,342,000	-12,342,000
accumulated other comprehensive income	15,608,000	21,451,000	22,906,000	36,066,000	33,042,000	35,988,000	10,548,000	-9,228,000	-14,716,000	9,329,000	-12,612,000	4,154,000	11,291,000	6,770,000	10,971,000	8,916,000	21,122,000	14,009,000					5,000								-2,226,000	-539,000	-948,000	519,000	1,770,000	885,000	1,948,000	2,572,000	3,139,000	2,092,000	2,833,000	2,237,000	1,913,000	2,222,000	2,097,000	1,365,000	545,000	189,000	796,000	243,000	-361,000	-1,050,000	-908,000	-190,000	231,000	132,000	153,000	99,000
total stockholders’ equity	575,300,000	617,721,000	619,353,000	618,057,000	599,265,000	602,774,000	577,231,000	547,639,000	538,713,000	567,062,000	534,765,000	557,642,000	530,142,000	535,768,000	537,894,000	519,112,000	512,198,000	472,898,000	509,614,000	482,170,000	445,348,000	441,297,000	440,734,000	415,076,000	392,512,000	388,741,000	378,397,000	367,198,000	351,863,000	343,497,000	331,341,000	336,315,000	339,087,000	338,074,000	316,190,000	320,136,000	321,569,000	321,415,000	325,215,000	316,099,000	317,186,000	299,567,000								-101,930,000	-108,487,000	-113,672,000	-90,742,000	-89,998,000			-62,929,000	92,263,000	118,399,000	183,201,000	292,984,000	347,550,000
total liabilities and stockholders’ equity	1,382,456,000	1,388,144,000	1,405,229,000	1,397,628,000	1,402,741,000	1,395,836,000	1,387,914,000	1,355,889,000	1,339,629,000	1,364,700,000	1,332,434,000	1,354,503,000	1,335,719,000	1,259,488,000	909,710,000	870,402,000	887,724,000	858,681,000	934,619,000	941,396,000	934,126,000	940,422,000	955,288,000	960,718,000	750,933,000	784,566,000	795,661,000	691,155,000	677,955,000	675,302,000				642,749,000		547,030,000	548,549,000	547,389,000	537,486,000	547,638,000	560,114,000	566,215,000								317,751,000	333,556,000	330,237,000	336,905,000	429,636,000			665,762,000	656,574,000	706,791,000
software, net of accumulated amortization of 140,565 and 111,642, respectively		106,516,000
intangible assets, net of accumulated amortization of 312,677 and 275,346, respectively		161,134,000
stockholders’ equity
software, net of accumulated amortization of 131,695 and 111,642, respectively			99,933,000
intangible assets, net of accumulated amortization of 303,041 and 275,346, respectively			168,175,000
software, net of accumulated amortization of 124,190 and 111,642, respectively				94,515,000
intangible assets, net of accumulated amortization of 295,727 and 275,346, respectively				182,993,000
software, net of accumulated amortization of 116,855 and 111,642, respectively					88,827,000
intangible assets, net of accumulated amortization of 283,659 and 275,346, respectively					192,113,000
software, net of accumulated amortization of 111,642 and 102,133, respectively						80,638,000
intangible assets, net of accumulated amortization of 275,346 and 221,182, respectively						204,267,000
inventory, net of allowance of 64 and 76, respectively							614,000
software, net of accumulated amortization of 106,857 and 102,133, respectively							69,389,000
intangible assets, net of accumulated amortization of 264,820 and 221,182, respectively							208,507,000
inventory, net of allowance of 65 and 76, respectively								997,000
software, net of accumulated amortization of 102,665 and 102,133, respectively								60,521,000
intangible assets, net of accumulated amortization of 247,635 and 221,182, respectively								214,284,000
inventory, net of allowance of 73 and 76, respectively									1,346,000
software, net of accumulated amortization of 103,067 and 102,133, respectively									50,678,000
intangible assets, net of accumulated amortization of 233,079 and 221,182, respectively									227,979,000
inventory, net of allowance of 76 and 152, respectively										1,475,000
software, net of accumulated amortization of 102,133 and 100,870, respectively										40,300,000
intangible assets, net of accumulated amortization of 221,182 and 162,788, respectively										249,905,000
current portion of notes payable													10,000,000	10,000,000	10,000,000	18,750,000	18,750,000	18,750,000	18,750,000	18,750,000	18,750,000	18,750,000	18,750,000			15,000,000				20,000,000				23,333,000				28,333,000
notes payable, net of current portion																												60,000,000	65,000,000	70,000,000	75,000,000	11,667,000	17,500,000	23,333,000	29,167,000	35,000,000	40,833,000	14,167,000	21,250,000	28,333,000	35,417,000
inventory, net of allowance of 61 and 152, respectively											970,000
software, net of accumulated amortization of 99,981 and 100,870, respectively											34,269,000
intangible assets, net of accumulated amortization of 203,530 and 162,788, respectively											255,256,000
inventory, net of allowance of 101 and 152, respectively												1,066,000
software, net of accumulated amortization of 100,383 and 100,870, respectively												26,945,000
intangible assets, net of accumulated amortization of 191,041 and 162,788, respectively												271,022,000
inventory, net of allowance of 114 and 152, respectively													1,322,000
software, net of accumulated amortization of 97,189 and 100,870, respectively													21,001,000
intangible assets, net of accumulated amortization of 176,941 and 162,788, respectively													287,800,000
notes payable, net of debt related costs and current portion													81,765,000		86,672,000	63,560,000	68,165,000		77,361,000	81,953,000	86,541,000		95,702,000	100,277,000	72,749,000		80,031,000
inventory, net of allowance of 152 and 108, respectively														1,470,000
software, net of accumulated amortization of 100,870 and 93,858, respectively														17,430,000
intangible assets, net of accumulated amortization of 162,788 and 124,573, respectively														299,911,000
notes payable, net of debt related cost and current portion														84,228,000				72,765,000				91,124,000				76,392,000
inventory, net of allowance of 198 and 108, respectively															1,420,000
software, net of accumulated amortization of 100,251 and 93,858, respectively															17,828,000
intangible assets, net of accumulated amortization of 151,029 and 124,573, respectively															158,939,000
inventory, net of allowance of 236 and 108, respectively																2,033,000
software, net of accumulated amortization of 98,015 and 93,858, respectively																18,092,000
intangible assets, net of accumulated amortization of 142,035 and 124,573, respectively																152,901,000
inventory, net of allowance of 158 and 108, respectively																	2,934,000
deferred customer acquisition costs, current																	8,637,000	1,089,000	1,466,000	1,486,000	1,660,000	2,610,000	2,092,000	3,102,000	2,929,000	4,074,000	4,112,000	4,073,000	4,312,000	4,854,000	4,324,000	4,318,000	4,580,000	4,991,000	5,977,000	6,507,000	5,065,000	5,418,000	5,444,000	4,906,000	4,656,000	4,964,000	4,988,000	4,687,000	5,227,000	6,481,000	7,896,000	10,218,000	13,407,000	18,612,000	21,490,000	23,248,000	24,002,000	25,958,000	26,859,000	26,435,000	17,060,000	16,437,000	14,766,000	13,022,000	11,053,000	9,481,000
software, net of accumulated amortization of 96,748 and 93,858, respectively																	22,511,000
intangible assets, net of accumulated amortization of 134,246 and 124,573, respectively																	166,506,000
marketable securities																					300,000	601,000	6,559,000	8,074,000	9,600,000	9,908,000	9,537,000	9,535,000	8,332,000	7,162,000	4,622,000																								23,539,000	41,491,000	148,734,000	132,021,000	254,609,000	289,483,000	390,314,000	285,486,000
inventory, net of allowance of 108 and 117, respectively																		2,971,000
software, net of accumulated amortization of 93,858 and 87,626, respectively																		22,252,000
intangible assets, net of accumulated amortization of 124,573 and 88,419, respectively																		173,270,000
current maturities of capital lease obligations																		140,000	206,000	1,021,000	2,184,000	3,288,000	4,332,000	4,615,000	4,521,000	4,398,000	4,311,000	3,626,000	3,493,000	3,365,000	3,240,000	3,119,000	3,002,000	2,889,000	2,779,000	2,673,000	2,571,000	2,471,000	2,375,000	2,282,000	2,192,000	2,104,000	2,019,000	1,938,000	1,859,000	1,783,000	1,708,000	1,637,000	1,567,000	1,434,000	1,372,000	1,311,000	1,252,000	1,195,000	1,140,000	1,087,000	1,018,000	1,018,000	1,018,000	1,020,000	988,000	934,000
other current liabilities																		156,000
inventory, net of allowance of 124 and 117, respectively																			2,683,000
software, net of accumulated amortization of 94,917 and 87,626, respectively																			23,574,000
intangible assets, net of accumulated amortization of 117,905 and 88,419, respectively																			181,522,000
accumulated other comprehensive loss																			10,226,000	3,639,000	-10,526,000			-3,364,000	-1,677,000		-1,793,000	-1,850,000	-1,849,000																														-136,000	-132,000
inventory, net of allowance of 137 and 117, respectively																				3,503,000
software, net of accumulated amortization of 92,361 and 87,626, respectively																				23,867,000
intangible assets, net of accumulated amortization of 107,914 and 88,419, respectively																				188,076,000
capital lease obligations, net of current maturities																				46,000	81,000	140,000	226,000	1,067,000	2,265,000	3,363,000	4,484,000	4,959,000	5,912,000	6,836,000	7,732,000	8,585,000	9,406,000	10,201,000	10,972,000	11,704,000	12,408,000	13,090,000	13,750,000	14,377,000	14,978,000	15,561,000	16,126,000	16,659,000	17,170,000	17,665,000	18,145,000	18,597,000	19,029,000	19,854,000	20,234,000	20,596,000	20,947,000	21,288,000	21,605,000	21,907,000	22,483,000	22,746,000	22,994,000	23,235,000	23,501,000	23,791,000
inventory, net of allowance of 61 and 117, respectively																					3,644,000
prepaid expenses and other current assets																					30,895,000	29,188,000	21,192,000	21,557,000	18,600,000	15,659,000	18,363,000	16,403,000	15,024,000	12,665,000	16,350,000	23,523,000	19,271,000	16,892,000	19,374,000	23,700,000	16,803,000	15,487,000	19,013,000	20,906,000	19,830,000	16,820,000	18,242,000	19,164,000	17,425,000	17,231,000	21,340,000	21,421,000	26,591,000	41,935,000	20,964,000	22,418,000	18,325,000	28,681,000	23,512,000	18,462,000	23,564,000	29,010,000	24,374,000	16,080,000	22,386,000	20,079,000
software																					22,966,000	21,971,000	22,082,000	21,288,000	20,293,000	20,710,000	17,531,000	18,088,000	17,662,000	18,624,000	21,749,000	22,068,000	20,679,000	20,557,000	20,337,000	20,609,000	19,384,000	19,560,000	19,163,000	17,907,000	50,120,000	45,661,000	42,374,000	36,742,000	34,552,000	35,516,000	31,789,000	32,775,000	31,630,000
deferred customer acquisition costs, non-current																					524,000	526,000	503,000	487,000	494,000	431,000	137,000	53,000	65,000	87,000	112,000	144,000	168,000	193,000	222,000	250,000	289,000	347,000	417,000	527,000	619,000	721,000	786,000	775,000	839,000	1,093,000	1,518,000	2,063,000	2,959,000	9,317,000	11,980,000	14,965,000	20,393,000	23,392,000	27,326,000	30,381,000	38,635,000	37,501,000	36,559,000	34,067,000	31,938,000	29,351,000
debt issuance costs																					2,162,000
intangible assets																					191,250,000	199,256,000	214,578,000	225,997,000	130,537,000	138,199,000	108,716,000	101,286,000	105,197,000	59,907,000	64,057,000	68,207,000	72,494,000	76,850,000	4,901,000	5,494,000	6,088,000	6,681,000	7,275,000	7,868,000	8,462,000	9,056,000	3,328,000	3,614,000	3,900,000	4,186,000	4,473,000	4,759,000	5,045,000	4,305,000	4,529,000	4,753,000	5,400,000	6,109,000	6,817,000	7,525,000	8,346,000	3,331,000	3,815,000	4,300,000	5,035,000	5,241,000
deferred tax assets, non-current																					198,502,000	188,966,000	169,943,000	169,582,000	195,148,000	202,587,000	212,293,000	213,971,000	219,624,000	227,090,000	232,849,000	238,004,000	242,598,000	246,539,000	274,223,000	277,395,000	282,045,000	290,166,000	296,028,000	302,906,000	302,039,000	306,055,000
liabilities
deferred revenue, net of current portion																					392,000	450,000	531,000	592,000	791,000	851,000	791,000	769,000	798,000	855,000	837,000	797,000	387,000	436,000	497,000	551,000	626,000	730,000	826,000	933,000	1,069,000	1,203,000	1,308,000	1,348,000	1,460,000	1,784,000	2,310,000	2,968,000	4,008,000	11,006,000	13,845,000	17,030,000	23,058,000	26,382,000	30,530,000	33,807,000	43,023,000	41,784,000	40,554,000	37,730,000	35,230,000	32,205,000
other liabilities, net of current portion in accrued expenses																					3,931,000	3,985,000	2,816,000	19,436,000	2,940,000	5,291,000	4,809,000	2,240,000	1,998,000	1,419,000	1,676,000	1,660,000	1,644,000	1,628,000	1,612,000	1,596,000	1,581,000	1,565,000	2,505,000	2,480,000	2,454,000	2,429,000		1,281,000	3,155,000	5,871,000	7,816,000	9,410,000	10,630,000	13,854,000	14,981,000
inventory, net of allowance of 117 and 686, respectively																						4,116,000
deferred tax assets, current																							23,985,000	23,985,000	23,985,000	23,985,000	21,849,000	21,849,000	21,849,000	21,849,000	18,361,000	18,361,000	18,361,000	18,361,000	15,947,000	15,947,000	15,947,000	15,947,000	19,546,000	19,546,000	19,546,000	19,546,000
debt related costs																						2,333,000	2,504,000	2,674,000	1,909,000	2,053,000	2,196,000	1,687,000	1,913,000	2,151,000	2,403,000	769,000	1,024,000	1,313,000	1,638,000	1,998,000	2,393,000	772,000	1,027,000	1,318,000	1,645,000	2,007,000	2,404,000	3,082,000	4,764,000	5,372,000	4,819,000	5,586,000	6,627,000	7,985,000	10,277,000	11,058,000	11,541,000
inventory, net of allowance of 189 and 686, respectively																							4,440,000
inventory, net of allowance of 406 and 686, respectively																								4,288,000
current portion of notes payables																								18,750,000	15,000,000		15,000,000	20,000,000	20,000,000		20,000,000	23,333,000	23,333,000		23,333,000	23,333,000	23,333,000		28,333,000	28,333,000	28,333,000	28,333,000	28,333,000	10,000,000	10,000,000	20,000,000	1,303,000
inventory, net of allowance of 394 and 686, respectively																									5,587,000
inventory, net of allowance of 686 and 181, respectively																										5,542,000
noncontrolling interest																															-740,000
inventory, net of allowance of 198 and 181, respectively																											7,828,000
inventory, net of allowance of 807 and 181, respectively																												7,887,000
inventory, net of allowance of 818 and 181, respectively																													10,963,000
inventory, net of allowance of 181 and 229, respectively																														10,081,000
redeemable noncontrolling interest																																-587,000	-440,000		233,000
inventory, net of allowance of 104 and 229, respectively																															7,651,000
total liabilities, redeemable noncontrolling interest, and stockholders’ equity																															592,637,000	592,645,000	596,701,000		534,986,000
inventory, net of allowance of 115 and 229, respectively																																7,266,000
inventory, net of allowance of 175 and 229, respectively																																	5,965,000
inventory, net of allowance of 229 and 268, respectively																																		10,584,000
inventory, net of allowance of 222 and 268, respectively																																			11,492,000
inventory, net of allowance of 231 and 268, respectively																																				10,299,000
inventory, net of allowance of 167 and 268, respectively																																					8,203,000
inventory, net of allowance of 268 and 269, respectively																																						5,470,000
inventory, net of allowance of 235 and 269, respectively																																							6,463,000
inventory, net of allowance of 161 and 269, respectively																																								9,747,000
inventory, net of allowance of 221 and 269, respectively																																									7,431,000
inventory, net of allowance of 269 and 763, respectively																																										6,715,000
notes payable, net of discount and current maturities																																										42,500,000	49,583,000	115,987,000	168,799,000	173,004,000	177,185,000
31, 2010; 227,858 and 223,454 shares issued at december 31, 2011 and december 31, 2010, respectively; 225,586 and 221,566 shares outstanding at december 31, 2011 and december 31, 2010, respectively																																										228,000
inventory, net of allowance of 253 and 763, respectively																																											7,161,000
liabilities and stockholders’ deficit
stockholders’ deficit
total stockholders’ deficit																																											-54,760,000	-74,953,000	-101,961,000	-129,647,000	-111,391,000	-59,559,000	-61,819,000						-85,803,000	-82,232,000
total liabilities and stockholders’ deficit																																											232,555,000	235,907,000		260,392,000	362,396,000	370,986,000	334,267,000						466,156,000	458,365,000
inventory, net of allowance of 151 and 763, respectively																																												5,172,000
inventory, net of allowance of 416 and 763, respectively																																													5,704,000
total liabilities and stockholders' deficit																																													251,717,000
inventory, net of allowance of 763 and 432, respectively																																														6,143,000
embedded features within notes payable, at fair value																																															79,520,000
inventory, net of allowance of 610 and 432, respectively																																															4,265,000
inventory, net of allowance of 250 and 432, respectively																																																10,636,000
current portion of long-term debt																																																1,303,000	1,303,000	1,303,000	1,303,000	1,303,000	1,303,000
notes payable, net of discount																																																188,350,000	202,624,000	195,398,000	201,782,000	196,354,000
embedded conversion option within convertible notes, at fair value																																																17,490,000	10,860,000
inventory, net of allowance of 398 and 432, respectively																																																	12,498,000
inventory, net of allowance of 1,127 and 1,405, respectively																																																		14,097,000
software, net of accumulated depreciation																																																		31,230,000	33,798,000	33,620,000	34,368,000
derivative embedded within convertible note, at fair value																																																		27,560,000	18,600,000	19,750,000
stock subscription receivable																																																		-5,195,000	-5,195,000	-5,195,000	-5,195,000	-5,195,000	-5,212,000	-5,232,000	-5,273,000	-5,542,000	-5,554,000
inventory, net of allowance of 1,452 and 1,405, respectively																																																			14,390,000
inventory, net of allowance of 1,692 and 1,405, respectively																																																				10,568,000
other liability, net of current portion in accrued expenses																																																				16,293,000	17,725,000	19,116,000	20,465,000	21,775,000
158,315 and 158,201 shares issued at march 31, 2009 and december 31, 2008, respectively;
156,746 and 156,648 shares outstanding at march 31, 2009 and december 31, 2008, respectively																																																				158,000
inventory, net of allowance of 1,405 and 3,080, respectively																																																					10,360,000
due from related parties																																																									4,000	64,000	61,000	60,000	63,000	73,000
long-term debt																																																					192,747,000
inventory, net of allowance of 1,377 and 3,080, respectively																																																						10,683,000
deferred financing costs																																																						690,000	1,517,000	2,344,000	6,371,000	6,868,000	7,364,000	7,861,000	8,357,000	8,854,000
convertible notes																																																						253,413,000	253,366,000	253,331,000	253,310,000	253,299,000	253,288,000	253,430,000	253,420,000	253,407,000
158,027 and 157,414 shares issued at september 30, 2008 and december 31, 2007, respectively;
156,500 and 156,014 shares outstanding at september 30, 2008 and december 31, 2007, respectively																																																						158,000
inventory, net of allowance of 1,799 and 3,080, respectively																																																							14,464,000
157,545 and 157,414 shares issued at june 30, 2008 and december 31, 2007, respectively;
156,125 and 156,014 shares outstanding at june 30, 2008 and december 31, 2007, respectively																																																							158,000
inventory, net of allowance of 2,903 and 3,080, respectively																																																								15,562,000
inventory, net of allowance of 2,131 and 1,270, respectively																																																									19,898,000
other liability, net of current portion																																																									26,000,000
157,235 and 156,353 shares issued at september 30, 2007 and december 31, 2006, respectively;
155,882 and 155,059 shares outstanding at september 30, 2007 and december 31, 2006, respectively																																																									157,000
inventory, net of allowance of 1,946 and 1,270, respectively																																																										29,211,000
inventory, net of allowance of 1,624 and 1,270, respectively																																																											28,800,000
inventory, net of allowance of 1,270 and 732, respectively																																																												24,390,000
liabilities, redeemable preferred stock and stockholders’ equity
redeemable preferred stock
series a redeemable convertible preferred stock, par value 0.001 per share...
series a-2 redeemable convertible preferred stock, par value 0.001 per share...
series a-2 redeemable convertible preferred stock warrant to purchase 900 shares
series b redeemable convertible preferred stock, par value 0.001 per share...
series c redeemable convertible preferred stock, par value 0.001 per share...
series d redeemable convertible preferred stock, par value 0.001 per share...
series e redeemable convertible preferred stock, par value 0.001 per share...
total redeemable preferred stock
deferred compensation
total liabilities, redeemable preferred stock and stockholders’ equity																																																												757,524,000	788,911,000	827,138,000
inventory, net of allowance of 1,036 and 732, respectively																																																													17,662,000
series c redeemable convertible preferred stock, par value 0.001per share; authorized 8,000 shares, 8,000 shares issued and outstanding
series d redeemable convertible preferred stock, par value 0.001per share; authorized 8,729 shares, 8,729 shares issued and outstanding
series e redeemable convertible preferred stock, par value 0.001per share; authorized 9,435 shares, 9,429 shares issued and outstanding
inventory, net of allowance of 626 and 732, respectively																																																														11,333,000
liabilities and stockholders' equity
stockholders' equity

Cashflow Statements:

Quarterly

Annual

Unit: USD	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	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30

cash flows from operating activities:
net loss	-17,122,000	-22,151,000	-2,032,000	62,000	-376,000				-3,755,000
adjustments to reconcile net loss to net cash from operating activities:
depreciation and amortization	15,697,000	12,740,000	11,765,000	11,484,000	9,614,000	11,847,000	9,564,000	6,636,000	6,331,000	7,717,000	6,978,000	6,464,000	6,656,000	7,032,000	6,897,000	10,096,000	7,419,000																																									8,078,000	7,707,000	7,374,000	6,297,000	5,713,000
amortization of intangibles	9,498,000	10,832,000	10,742,000	10,800,000	10,803,000	13,006,000	13,323,000	14,056,000	14,154,000	15,344,000	14,341,000	14,198,000	14,558,000	12,151,000	9,125,000	8,974,000	9,207,000	9,598,000	9,632,000	9,448,000	9,378,000	9,260,000	8,756,000	8,956,000	7,662,000	8,581,000	6,477,000	5,711,000	5,635,000	4,150,000	4,150,000	4,287,000	4,356,000	3,078,000	593,000	594,000	593,000	594,000	593,000	594,000	594,000	417,000	286,000	286,000	286,000	286,000	287,000	286,000	286,000	224,000	224,000	224,000	647,000	709,000	708,000	708,000	691,000	485,000	484,000	485,000	735,000
deferred income taxes	-4,302,000	-3,780,000	734,000	1,448,000	999,000	7,778,000	-6,178,000	-3,420,000	1,468,000	-5,781,000	17,222,000	-14,569,000	-10,283,000	4,697,000	799,000	350,000	-10,655,000	72,102,000	10,586,000
amortization of deferred customer acquisition costs	5,899,000	5,690,000	5,356,000	5,046,000	4,762,000	4,588,000	4,086,000	3,906,000	3,661,000	3,378,000	3,060,000	2,391,000	2,530,000	3,285,000	2,579,000	2,264,000	2,159,000
allowances for doubtful accounts	804,000		514,000	-125,000	964,000
amortization of financing costs and debt discount	698,000	4,005,000	3,950,000	3,819,000	3,863,000	3,811,000	3,760,000	3,711,000	3,656,000	3,596,000	3,542,000
loss on disposal of property and equipment and intangible assets	6,000	219,000
share-based expense	29,042,000	32,325,000	17,247,000	15,762,000	14,566,000	11,695,000	11,530,000	11,326,000	11,116,000	13,090,000	12,921,000	11,216,000	8,015,000	9,304,000	8,523,000	8,808,000	7,164,000	8,485,000	8,106,000	9,785,000	11,106,000	13,554,000	10,458,000	10,367,000	6,303,000	7,460,000	7,889,000	6,704,000	5,488,000	4,171,000	5,785,000	4,820,000	6,294,000	4,758,000	4,684,000	4,419,000	3,982,000	2,374,000	3,473,000	3,505,000	2,623,000	3,819,000	4,131,000	3,854,000	2,475,000	2,424,000	2,483,000	2,330,000	1,018,000	1,580,000	2,058,000	2,227,000	2,608,000	3,035,000
changes in operating assets and liabilities:
accounts receivable	-134,000	-11,141,000	-16,859,000	-11,657,000	737,000	5,807,000	-2,898,000	-19,288,000	2,361,000	-5,928,000	57,000	-24,351,000	1,083,000	-5,400,000	-7,829,000	-7,527,000	271,000	-3,283,000	-5,250,000	-3,145,000	4,425,000		1,932,000	-6,266,000	-910,000	2,176,000	4,138,000	-2,713,000	-3,416,000	7,124,000	-423,000	-1,945,000	131,000	2,637,000	1,422,000	-2,558,000	-265,000		-2,991,000	-3,810,000	1,397,000		-85,000	-2,101,000	-448,000	4,076,000	-677,000	-3,131,000	305,000	2,738,000	6,350,000	-2,377,000	-3,781,000	6,875,000	180,000	-3,181,000	-1,846,000	-3,170,000	-3,762,000	712,000
prepaid expenses and other current assets	-325,000	3,536,000	-2,496,000	2,671,000	-2,305,000	5,824,000	-11,866,000	6,800,000	-5,387,000	4,194,000	-3,732,000	1,324,000	170,000	-3,629,000	3,384,000	5,659,000	-2,627,000	-30,000	2,196,000	2,845,000	-1,672,000		426,000	492,000	-3,079,000		-1,040,000	-1,118,000	-2,409,000	3,850,000	7,050,000	-4,426,000	-2,368,000		4,352,000	-6,905,000	-1,324,000	3,533,000	-1,096,000	1,913,000	-3,005,000	1,435,000	897,000	-1,736,000	-184,000	2,583,000	-110,000	5,046,000	13,803,000	1,511,000	-20,967,000	1,510,000	-4,107,000	10,309,000	-5,747,000	-5,387,000	543,000	5,547,000	-4,888,000	-8,706,000
deferred customer acquisition costs	-6,436,000	-10,853,000	-10,651,000	-8,238,000	-7,187,000	-9,993,000	-6,953,000	-6,347,000	-9,042,000	-8,838,000	-6,336,000	-7,913,000	-7,459,000	-7,431,000	-6,171,000	-6,024,000	-5,813,000	445,000	155,000	173,000	956,000	-549,000	993,000	-171,000	1,084,000	-256,000	-134,000	257,000	554,000	-512,000	13,000	293,000	436,000	1,058,000	572,000	-1,404,000	395,000		-417,000	-166,000	421,000	91,000	-331,000	604,000	1,527,000	1,845,000	2,893,000	4,065,000	6,702,000	4,882,000	5,604,000	4,893,000	6,144,000	4,661,000	4,703,000	2,653,000	1,305,000	-1,614,000	-2,455,000	-4,215,000
accounts payable and accrued expenses	10,780,000	-2,853,000	31,856,000	10,342,000	16,416,000	-12,738,000	5,930,000	21,141,000	-25,459,000	13,984,000
deferred revenue	-6,946,000	5,803,000	-4,655,000	1,414,000	-4,821,000	1,046,000	-3,536,000	3,599,000	2,934,000	-2,920,000	468,000	6,711,000	-312,000	4,120,000	-991,000	-279,000	-1,434,000	-1,107,000	29,000	-132,000	-1,374,000		-1,251,000	-601,000	-933,000		-733,000	-278,000	-1,055,000		-128,000	-254,000	-638,000		-473,000	587,000	-1,053,000		-88,000	-567,000	-1,595,000		-578,000	-440,000	-1,899,000	-3,862,000	-2,794,000	-3,818,000	-8,972,000	-7,529,000	-5,262,000	-2,975,000	-6,387,000	-7,395,000	-5,445,000	1,367,000	1,349,000	3,722,000	4,462,000	9,059,000	6,500,000	7,347,000
other assets - deferred cloud computing implementation costs	-1,131,000		-1,056,000	-929,000	-1,017,000		-2,381,000	-2,344,000	-669,000		-3,619,000	-5,288,000	-3,022,000
other assets and liabilities	4,843,000	1,886,000	-50,000	305,000	307,000	5,075,000	6,652,000	1,349,000	-1,049,000	935,000	889,000	-279,000	1,231,000	4,590,000	-1,086,000	-2,914,000	768,000	-264,000	1,789,000
net cash from operating activities	40,871,000	25,304,000	43,886,000	42,203,000	47,318,000	32,449,000	12,628,000	36,300,000	2,503,000	33,076,000	31,783,000	25,317,000	2,750,000	28,742,000	28,528,000	42,467,000	23,468,000	47,458,000	47,907,000	15,432,000	17,261,000	21,757,000	26,694,000	23,989,000	14,572,000	46,105,000	37,665,000	35,237,000	10,724,000	31,309,000	27,764,000	24,082,000	9,387,000	36,089,000	23,550,000	18,852,000	9,752,000	61,046,000	18,157,000	29,521,000	11,119,000	38,645,000	45,533,000	45,151,000	17,457,000	18,858,000	30,836,000	93,270,000	51,248,000	21,736,000	-8,964,000	19,061,000	6,563,000	-5,516,000	-17,923,000	13,572,000	10,522,000	22,461,000	-52,731,000	-58,719,000
cash flows from investing activities:
capital expenditures	-2,773,000	-2,214,000	-2,058,000	-2,171,000	-2,553,000	-2,853,000	-2,863,000	-1,968,000	-2,887,000	-4,847,000	-5,970,000	-4,179,000	-5,277,000	-8,345,000	-2,900,000	-4,537,000	-3,250,000	-6,125,000	-6,795,000	-5,294,000	-3,701,000	0	-4,032,000	-7,053,000	-8,895,000	0	-4,618,000	-2,904,000	-2,056,000	0	-4,137,000	-2,157,000	-942,000	0	-1,205,000	-3,772,000	-2,031,000	0	-865,000	-1,659,000	-2,033,000	0	-3,686,000	-3,869,000	-1,298,000	-6,328,000	-3,980,000	-5,407,000	-1,959,000	-12,005,000	-6,447,000	-2,753,000	-2,519,000	-2,969,000	-3,124,000	-2,341,000	-2,952,000	-2,475,000	-5,187,000	-12,319,000
free cash flows	38,098,000	23,090,000	41,828,000	40,032,000	44,765,000	29,596,000	9,765,000	34,332,000	-384,000	28,229,000	25,813,000	21,138,000	-2,527,000	20,397,000	25,628,000	37,930,000	20,218,000	41,333,000	41,112,000	10,138,000	13,560,000	21,757,000	22,662,000	16,936,000	5,677,000	46,105,000	33,047,000	32,333,000	8,668,000	31,309,000	23,627,000	21,925,000	8,445,000	36,089,000	22,345,000	15,080,000	7,721,000	61,046,000	17,292,000	27,862,000	9,086,000	38,645,000	41,847,000	41,282,000	16,159,000	12,530,000	26,856,000	87,863,000	49,289,000	9,731,000	-15,411,000	16,308,000	4,044,000	-8,485,000	-21,047,000	11,231,000	7,570,000	19,986,000	-57,918,000	-71,038,000
proceeds from sale of intangible assets, net of payment for intangible assets	-21,000	-62,000
acquisition and development of software assets	-17,623,000	-11,459,000	-11,141,000	-10,514,000	-13,865,000	-11,584,000	-10,057,000	-9,926,000	-10,273,000	-7,652,000	-7,839,000	-7,500,000	-5,497,000	-1,516,000	-1,978,000	-1,073,000	-3,147,000	-1,936,000	-2,554,000	-3,504,000	-3,380,000		-3,332,000	-3,343,000	-2,312,000		-2,390,000	-3,284,000	-2,258,000		-2,938,000	-4,245,000	-2,786,000		-2,553,000	-3,884,000	-2,313,000		-537,000	-2,647,000	-7,000,000		-8,253,000	-4,704,000	-3,593,000	-9,446,000	-4,526,000	-6,699,000	-2,041,000	-10,138,000	-2,744,000	-4,777,000	-3,995,000	-2,941,000	-7,085,000	-9,141,000	-7,363,000	-7,963,000	-3,040,000	-1,734,000
net cash from investing activities	-20,417,000	-20,735,000	-12,768,000	-12,736,000	-16,480,000	-14,489,000	-12,990,000	-12,009,000	-13,235,000	-12,817,000	-16,809,000	-11,679,000	-10,774,000	-358,046,000	-37,177,000	-5,610,000	-6,397,000	-7,111,000	-9,349,000	-7,518,000	-6,759,000		-5,751,000	-171,993,000	-10,153,000		-101,148,000	-29,141,000	-7,994,000		-11,705,000	-5,403,000	-3,729,000		-3,760,000	-7,657,000	-3,087,000		-1,120,000	-4,307,000	-8,034,000		-11,938,000	-8,573,000	-3,844,000	24,735,000	-3,379,000	5,056,000	-31,098,000	-26,892,000	-9,192,000	-7,530,000	-6,951,000	-3,727,000	13,434,000	5,758,000	25,021,000	-38,605,000	41,557,000	3,877,000
cash flows from financing activities:
payments for short and long-term debt	-10,000,000		-20,000,000	-40,000,000	-5,000,000		-5,000,000				-12,500,000
proceeds from issuance of long-term debt	10,000,000						0	30,000,000	45,000,000		0
employee taxes paid on withholding shares	-24,318,000	-16,571,000	-3,473,000	-1,492,000	-16,641,000	-980,000	-2,001,000	-523,000	-12,656,000	-662,000	-1,349,000	-457,000	-18,566,000	-520,000	-2,446,000	-1,131,000	-27,487,000	-645,000	-365,000	-467,000	-14,095,000
proceeds from exercise of stock options	245,000	3,541,000	1,487,000	270,000	622,000	2,259,000	7,808,000	88,000	155,000	303,000	414,000	784,000	480,000	387,000	1,062,000	2,884,000	2,171,000	6,934,000	2,514,000	8,514,000	3,448,000	2,692,000	3,146,000	2,557,000	466,000	1,162,000	1,733,000	1,452,000	2,825,000																	823,000	729,000	38,000	30,000	2,000	56,000			-1,000	0	42,000	6,000	171,000	306,000	303,000	141,000	237,000
net cash from financing activities	-24,073,000	-33,030,000	-21,986,000	-41,222,000	-21,019,000	-23,721,000	807,000	-20,435,000	32,499,000	-15,687,000	-14,259,000	-12,761,000	20,786,000	308,342,000	7,903,000	-32,971,000	-25,062,000				-13,540,000	-23,125,000	-12,666,000	136,388,000	-26,099,000	-33,622,000	74,926,000	-9,959,000	8,860,000				-34,690,000	56,104,000	-19,292,000	-17,567,000	2,646,000		-15,513,000	-7,531,000	-7,084,000		-40,708,000	-53,201,000	-13,707,000	-101,672,000	-17,606,000	-23,836,000	-648,000	-665,000	-587,000	-1,132,000	-869,000	-56,236,000	-8,846,000	-187,000	-201,000	177,000	70,000	227,000	-1,920,000	-6,083,000
effect of exchange rate changes on cash	1,201,000		-359,000	-7,000	-980,000		313,000	643,000	-2,290,000		438,000	-1,361,000	260,000		448,000	-1,240,000	35,000	769,000	-110,000	532,000	128,000	46,000	628,000	58,000	-157,000		-152,000	125,000	-163,000		-1,436,000	283,000	-1,359,000		869,000	-974,000	-527,000	-504,000	802,000	-544,000	379,000	399,000	-458,000	129,000	815,000	762,000	500,000	-645,000	340,000	215,000	562,000	872,000	-148,000	-654,000	-486,000	158,000	-97,000	221,000	185,000	37,000	-39,000	-54,000
net increase in cash, cash equivalents, and restricted cash	-2,418,000	-30,538,000	8,773,000	-11,762,000	8,839,000	-5,372,000	758,000	4,499,000	19,477,000	4,840,000	1,153,000	-484,000	13,022,000	-20,615,000
cash, cash equivalents, and restricted cash, beginning of period	20,309,000	0	0	0	44,997,000	0	0	0	25,635,000	0	0	0	7,104,000	0	0	0	33,327,000		0	0	30,929,000
cash, cash equivalents, and restricted cash, end of period	17,891,000	-30,538,000	8,773,000	-11,762,000	53,836,000	-5,372,000	758,000	4,499,000	45,112,000	4,840,000	1,153,000	-484,000	20,126,000	-20,615,000	-298,000	2,646,000	25,371,000		3,069,000	608,000	28,019,000
supplemental disclosures of cash flow information:
cash paid during the periods for:
interest	1,430,000		1,902,000	4,798,000	1,863,000			5,990,000	2,866,000		3,646,000	6,533,000	6,929,000		2,759,000	2,914,000	2,781,000		3,425,000	3,512,000	3,210,000	3,405,000	3,383,000	2,643,000	2,190,000	2,408,000	1,895,000	1,744,000	1,787,000	1,265,000	1,297,000	1,299,000	1,391,000	1,566,000	1,124,000	1,061,000	971,000	1,042,000	1,081,000	1,173,000	1,357,000	1,484,000	2,975,000	5,149,000	5,955,000	41,137,000	9,125,000	6,177,000	7,375,000	6,621,000	8,618,000	6,554,000	6,878,000	6,486,000	4,628,000	4,672,000	4,733,000	4,781,000	6,464,000	3,922,000	3,944,000	3,892,000
income taxes	1,071,000		2,542,000	2,288,000	-3,965,000			-4,015,000	1,249,000		1,209,000	2,078,000	148,000		814,000	2,522,000	2,333,000		1,841,000	2,814,000	740,000	170,000	2,002,000	1,539,000	1,624,000	412,000	623,000	1,392,000	89,000	620,000	726,000	1,052,000	93,000	421,000	454,000	1,157,000	291,000	186,000	280,000	1,022,000	841,000	1,074,000	238,000	854,000	123,000	451,000	18,000	42,000	33,000	187,000	184,000	528,000	307,000	485,000
non-cash investing activities:
acquisition of long-term assets included in accounts payable and accrued expenses	1,354,000		1,599,000	1,224,000	1,302,000			-139,000	2,119,000
share-based compensation capitalized in internally developed software costs	1,712,000		1,227,000	1,166,000	1,266,000
allowance for doubtful accounts																543,000	586,000	1,425,000	110,000	109,000	343,000	333,000	123,000				1,000	17,000	-26,000		0	-85,000	-98,000		-35,000	0	-100,000	0	-27,000	1,155,000	-202,000		95,000	228,000	-251,000	-273,000	-8,000	193,000	-623,000	-882,000	-111,000	704,000	96,000	270,000	29,000	-1,000	-91,000	304,000	683,000	100,000	75,000	-23,000
change in derivatives
changes in operating assets and liabilities, net of acquisitions:
other assets - cloud computing implementation costs
payments for acquisitions of businesses
payments on short and long-term debt
proceeds from issuance of short and long-term debt
payment of debt issuance costs													-128,000	-4,000
payment for capped call transactions and costs
common stock repurchases										0	0							0	0	0	-9,542,000		0	-25,312,000	-7,590,000		-2,151,000	-5,591,000	-8,169,000	37,408,000	-13,222,000	-13,514,000	-10,011,000	45,106,000	-14,304,000	-13,354,000	-16,712,000	9,075,000
effect of exchange rate changes on cash and cash equivalents
changes in derivatives							0	1,188,000	-133,000		-133,000	-132,000	-133,000
cash flows provided by (used in) investing activities:
loss on disposal of property and equipment				-1,000	-7,000	146,000	3,000	-1,000	741,000	26,000	301,000	-70,000	514,000
purchase of intangible assets				-51,000	-62,000	-52,000	-70,000	-115,000	-75,000																	7,500,000																												0	0	0	-560,000
net income										-2,375,000	-21,097,000	4,524,000	-534,000	-6,943,000	9,588,000	8,559,000	24,524,000	-55,273,000	10,602,000	4,825,000	5,913,000	1,000	9,078,000	897,000	7,931,000	3,406,000	3,433,000	8,347,000	7,410,000	5,494,000	4,365,000	5,383,000	4,205,000	3,322,000	3,985,000	7,447,000	13,047,000	12,833,000	13,213,000	-3,340,000	13,921,000	350,146,000	16,037,000	21,748,000	21,113,000	-41,689,000	-55,382,000	-562,000	13,968,000	4,401,000	-54,555,000	2,285,000	5,271,000		-7,817,000	-6,882,000	-8,961,000	-161,828,000	-33,626,000	-72,334,000	-117,093,000	-62,184,000
adjustments to reconcile net income to net cash from operating activities:
loss on extinguishment of debt														0
acquisitions, net of cash acquired										0
principal payments on capital lease obligations and other financing obligations														-21,000	-24,000	-36,000	-59,000		-840,000	-1,198,000	-3,663,000
allowances for doubtful accounts and obsolete inventory							1,269,000	2,061,000	1,448,000
inventory							385,000	357,000	127,000	-525,000	108,000	265,000	179,000	-41,000	651,000	802,000	-179,000	-367,000	803,000	13,000	340,000	218,000	-324,000	931,000	-25,000	1,739,000	82,000	3,123,000	-2,129,000	-2,523,000	-541,000	-1,380,000	4,480,000		-1,457,000	-2,237,000	-2,881,000	714,000	3,163,000	-2,370,000	-759,000		-2,297,000	514,000	383,000	-2,235,000	5,995,000	1,061,000	-5,389,000	5,718,000	-522,000	-4,229,000	-764,000	-275,000	3,288,000	872,000	3,587,000	8,776,000	-569,000	-4,857,000
payments of debt issuance costs											-824,000
payments for capped call transactions and costs											0
debt issuance costs included in accounts payable and accrued liabilities											-826,000
allowance for doubtful accounts and obsolete inventory										863,000	909,000	395,000	80,000	367,000
gain on sale of business																		-502,000	-449,000
maturities and sales of marketable securities																		0	0	280,000	322,000	5,955,000	1,512,000	3,576,000	3,948,000	2,348,000	2,745,000	1,243,000	887,000																									1,000	23,537,000	17,922,000	59,857,000	71,282,000	144,914,000	134,836,000	181,073,000	128,902,000
proceeds from sale of business																		950,000	0
capital expenditures included in accounts payable and accrued liabilities											590,000	-267,000	334,000		467,000	58,000	1,315,000		-1,261,000
issuance of shares for asset acquisition
accounts payable												-5,071,000	-9,824,000			6,172,000	1,622,000	-2,052,000	9,512,000	-16,313,000	8,189,000		-22,347,000	973,000	4,122,000		-2,106,000	5,273,000	-11,867,000		2,608,000	5,067,000	-14,333,000		-4,119,000	-9,274,000	-21,123,000	23,411,000	-7,508,000	4,489,000	-12,591,000	18,044,000	1,286,000	12,680,000	-2,920,000	1,192,000	-9,527,000	29,383,000	4,558,000	1,009,000	-13,034,000	-8,252,000	-2,318,000	-10,785,000	-27,057,000	19,269,000	-3,456,000	11,677,000	-8,844,000	-3,941,000	1,675,000	12,785,000
accrued expenses												34,003,000	-969,000			6,655,000	-10,190,000	9,029,000	-8,603,000	432,000	-24,219,000		15,409,000	-2,182,000	-25,095,000	6,260,000	8,192,000	-4,695,000	-4,989,000		-2,250,000	-1,194,000	-5,349,000	-598,000	1,977,000	14,055,000	2,435,000		-5,015,000	-4,018,000	-2,140,000		10,679,000	-909,000	-14,555,000	-13,984,000	6,678,000	18,027,000	9,245,000	-8,637,000	-5,527,000	5,922,000	3,478,000	-10,550,000	-1,280,000	-7,836,000	6,928,000	117,040,000	-20,131,000	9,238,000
amortization of debt issuance costs													270,000	258,000	253,000	253,000	258,000		96,000	-72,000	276,000
payments on notes and revolving credit facility													-2,500,000
proceeds received from issuance of revolving credit facility and term note													41,500,000
change in contingent consideration
loss on disposal of fixed assets														-89,000	2,000	-8,000	174,000		-2,000	-106,000	240,000																																	0				71,000			304,000	7,000
purchase of marketable securities																							0	-2,046,000	-3,618,000		-2,746,000	-2,448,000	-2,061,000																									0	0	0	-21,375,000	-88,025,000	-22,325,000	-99,975,000
acquisition of businesses, net of cash acquired																							0				-91,638,000
principal payments on term notes and revolving credit facilities
proceeds received from issuance of revolving credit facilities and term notes
acquisition of business, net of cash acquired																													-3,505,000
allowance for obsolete inventory																84,000	214,000	73,000	46,000	155,000	138,000	75,000	162,000			520,000	128,000	54,000	1,180,000	451,000	90,000	113,000	103,000	143,000	290,000	118,000	112,000	264,000	171,000	24,000	68,000	418,000	255,000	21,000	79,000	365,000	397,000	784,000	667,000	603,000	891,000	480,000	540,000	403,000	437,000	229,000	450,000	604,000	392,000	447,000	614,000	650,000
principal payments on notes and revolving credit facility																-34,688,000	-9,687,000	-45,687,000	-36,688,000	-14,687,000	-4,688,000		-14,688,000	-19,687,000	-13,750,000		-3,750,000	-5,000,000	-5,000,000		-5,000,000	-5,833,000	-25,833,000
proceeds received from draw down of revolving credit facility and issuance of notes payable																0	10,000,000	0	0	0	15,000,000	0	0			0
net decrease in cash, cash equivalents, and restricted cash																2,646,000	-7,956,000		3,069,000
depreciation and impairment charges
loss on foreign currency																										0	0	0	1,358,000
amortization of debt related costs																						280,000	283,000	266,000	251,000	254,000	279,000	226,000	238,000	252,000	276,000	255,000	289,000	325,000	407,000	395,000	388,000	255,000	291,000	327,000	362,000	397,000	364,000	280,000	350,000	322,000	321,000	356,000	403,000	484,000	709,000	781,000	734,000
noncontrolling interest
principal payments on capital lease obligations																							-1,124,000	-1,104,000	-5,225,000		-899,000	-820,000	-796,000		-732,000	-704,000	-682,000		-626,000	-602,000	-582,000		-534,000	-511,000	-495,000		-452,000	-432,000	-419,000	-405,000	-381,000	-362,000	-352,000	-340,000	-318,000	-301,000	-292,000	-284,000	-262,000	-249,000	-241,000	-263,000	-248,000	-243,000
debt related costs																							0												-47,000	0	-2,009,000													-1,000	0	0	-251,000	-18,198,000
net change in cash and cash equivalents and restricted cash
cash and cash equivalents and restricted cash, beginning of period
cash and cash equivalents and restricted cash, end of period
depreciation, amortization and impairment charges																			8,549,000
net cash (used)/provided by financing activities																			-35,379,000
non-cash investing and financing activities:
issuance of common stock in connection with acquisition of business																						0	0			0	0
contingent consideration in connection with acquisition of business																						0
assumption of options in connection with acquisition of business																						0	0
depreciation and amortization and impairment charges																					8,569,000	9,810,000	9,262,000	9,262,000	9,317,000	9,398,000	8,969,000	8,752,000	8,501,000	10,114,000	8,196,000	8,172,000	7,982,000	8,349,000	7,866,000	7,611,000	7,382,000	7,458,000	7,517,000	7,924,000	8,050,000	8,221,000	8,397,000	8,378,000	10,780,000	12,441,000	12,362,000	13,643,000	13,482,000	13,542,000	12,657,000	13,624,000	12,249,000	13,233,000	12,639,000	10,406,000	9,518,000
deferred tax expense																					-5,803,000	-1,628,000	712,000	779,000	7,439,000	471,000	2,432,000	5,668,000	5,378,000	5,674,000	5,045,000	4,702,000	3,707,000	1,044,000	3,282,000	4,475,000	7,994,000	9,121,000	7,192,000	-1,087,000	4,262,000
other assets																					510,000		532,000	-687,000	356,000		-411,000	-333,000	-613,000		-6,488,000	258,000	174,000	114,000	188,000	1,514,000	154,000		-339,000	-340,000	-312,000	-3,000	-399,000	28,000	537,000	49,000	203,000	8,874,000	-8,000	-3,173,000	648,000	452,000	563,000	-8,131,000	3,196,000	-1,684,000	-879,000	72,000	40,000	73,000
other liabilities																					-54,000	1,169,000	-148,000	24,000	149,000	482,000	69,000	242,000	579,000		16,000	16,000	16,000	16,000	16,000	15,000	16,000		25,000	26,000	25,000		-1,281,000	-1,874,000	-1,819,000	-1,765,000	-1,714,000	-1,663,000	-1,614,000	-1,566,000	-1,679,000
net change in cash, cash equivalents, and restricted cash																					-2,910,000
non-cash transactions during the periods for:
decrease in restricted cash																						-24,000	101,000	-34,000	724,000	-1,000				-1,000	-2,000			-2,000	-2,000	-1,000	1,257,000	-2,000	282,000	-1,000	999,000
net change in cash and cash equivalents																							8,905,000	-11,558,000	-21,837,000	-2,051,000	11,291,000	-3,738,000	11,427,000		4,406,000	690,000	-30,391,000		1,367,000	-7,346,000	8,784,000	22,402,000	2,326,000	17,139,000	-3,620,000		-7,571,000	-16,494,000	721,000	-57,317,000	10,351,000	73,845,000	19,842,000	-5,606,000	-18,181,000	11,271,000	-1,405,000	-66,133,000	-13,821,000	19,301,000	35,245,000	-15,746,000	-10,919,000	-54,578,000	56,237,000	-158,219,000
cash and cash equivalents, beginning of period																						0	0	0	57,726,000	0	0	0	40,797,000	0	0	0	84,663,000	0	0	0	97,110,000	0	0	0	58,863,000	0	0	0	78,934,000	0	0	0	32,213,000	0	0	0	46,134,000	0	0	0	71,542,000	0	0	210,253,000	0	0
cash and cash equivalents, end of period																						-4,158,000	8,905,000	-11,558,000	35,889,000	-2,051,000	11,291,000	-3,738,000	52,224,000	-18,571,000	4,406,000	690,000	54,272,000	-15,252,000	1,367,000	-7,346,000	105,894,000	22,402,000	2,326,000	17,139,000	55,243,000	3,273,000	-7,571,000	-16,494,000	79,655,000	-57,317,000	10,351,000	73,845,000	52,055,000	-5,606,000	-18,181,000	11,271,000	44,729,000	-66,133,000	-13,821,000	19,301,000	106,787,000	-15,746,000	-10,919,000	155,675,000	56,237,000	-158,219,000
non-cash financing transactions during the periods for:
non-controlling interest																											0	0	907,000
variable payout amount in connection with acquisition of business
acquisition of redeemable noncontrolling interest
decrease (increase) in restricted cash																												-1,000	999,000													1,000	1,000	0	1,047,000
proceeds received from draw down of revolving credit facility																												0	20,000,000
income from abandonment of software assets
principal payments on capital lease obligations and other liability
proceeds from issuance of notes payable and revolving credit facility
proceeds from exercise of stock options and stock warrant																																						632,000	535,000	64,000	494,000	41,000	578,000	2,231,000	1,712,000
proceeds received from issuance of notes payable																																			0	0	27,500,000
proceeds from exercise of stock options, net of stock cancellation payment																															647,000	1,779,000	1,836,000		1,063,000	2,222,000	283,000
net cash from by financing activities
increase in restricted cash																																	-1,000														5,127,000	17,162,000	-27,098,000	-3,499,000	-1,000	0	-437,000	2,182,000	106,000	-682,000	-2,586,000	-11,424,000	-72,805,000	-16,931,000
change in fair value of embedded features in notes payable and stock warrant																																										0	0	0	950,000	29,782,000
loss on extinguishment of notes																																										0	7,985,000	3,228,000	593,000	26,531,000	1,545,000
amortization of discount on notes																																										0	92,000	362,000	460,000	1,009,000	1,125,000	1,228,000	1,370,000	1,360,000	1,380,000	1,382,000	1,347,000
principal payments on notes																																			-5,833,000	-5,833,000	-5,834,000		-7,083,000	-7,084,000	-7,083,000		-137,083,000	-55,000,000	-15,000,000	0	-17,954,000	-23,512,000	-326,000	-326,000	-325,000	-832,000	-326,000
extinguishment of notes
investments from redeemable noncontrolling interests
accrued interest paid in-kind																																														-239,000	4,609,000	4,942,000	3,920,000	4,641,000	2,990,000	4,878,000	4,645,000
proceeds from issuance of notes payable																																										0
discount on notes payable
conversion of convertible notes into common stock:
third lien convertible notes, net of discount and debt related costs																																														1,935,000	0	156,000	2,406,000	515,000
embedded conversion option within third lien convertible notes																																														17,795,000
loss from abandonment of software assets
change in fair value of stock warrant
deferred tax benefit
beneficial conversion on interest in kind on convertible notes																																																						15,000	47,000	35,000	11,000	11,000	11,000	10,000	10,000	13,000
due from related parties																																																						0	0	0	2,000	72,000	0	2,000	7,000	14,000
proceeds from subscription receivable																																																						0	0	0	9,000	267,000	0	12,000	38,000	78,000
proceeds from directed share program																																																						0	17,000
change in fair value of embedded conversion option and stock warrant																																																8,241,000	-835,000
embedded derivative liability within third lien convertible notes																																																1,169,000	13,394,000	3,570,000
gain on extinguishment of notes																																																	-1,038,000
change in fair value of derivatives																																																		1,055,000
(gain) loss on extinguishment of notes
extinguishment of convertible notes
(gain) loss on early extinguishment of notes
change in fair value of embedded derivative																																																				-1,150,000	-12,970,000
other liability																																																					-1,432,000	-1,391,000	-1,349,000	-1,310,000	-1,271,000
loss on early extinguishment of notes
amortization of discount on debt
accrued interest																																																						2,210,000	539,000	337,000	-72,000	-111,000	285,000	423,000	707,000	-931,000
other
principal payments on debt
proceeds from issuance of debt
early extinguishment of notes
proceeds from common stock issuance																																																													-457,000	-2,139,000
purchase of treasury stock
conversion of convertible notes
capital lease obligations incurred
conversion of preferred stock, preferred stock warrant and subscription receivable
amortization of deferred financing costs																																																							827,000	827,000	828,000	497,000	496,000	497,000	496,000	502,000
share-based compensation																																																								3,150,000	1,886,000	6,228,000	6,937,000	6,914,000	7,000,000
taxes
payments for directed share program																																																									25,000	2,000
proceeds from notes issuance																																																													0	0
debt issuance costs
proceeds from directed share program customers																																																												155,000
proceeds from preferred stock issuance
stock option compensation

Vonage Holdings Corp(NASDAQ:VG)

Vonage Holdings Corp
(NASDAQ:VG)