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Table of Contents
GoDaddy Inc.
Consolidated Statements of Cash Flows
(In millions)
Year Ended December 31,
2015
2014
2013
Operating activities
Net loss $ (120.4)
$ (143.3)
$ (199.9)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization 158.8
152.8
140.6
Equity-based compensation 40.4
30.1
16.4
Amortization of original issue discount and debt issuance costs 7.9
9.1
9.3
Loss on debt extinguishment 21.4
—
—
Deferred taxes (3.0)
(6.8)
(3.5)
Other 4.0
1.3
(0.1)
Changes in operating assets and liabilities, net of amounts acquired:
Accounts and other receivables (1.2)
1.8
(2.4)
Registry deposits (0.9)
(2.7)
0.2
Prepaid domain name registry fees (30.7)
(21.6)
(29.2)
Prepaid expenses and other current assets 1.4
7.0
(11.7)
Other assets (7.6)
(6.6)
1.5
Accounts payable 13.5
8.5
1.9
Accrued expenses and other current liabilities 9.5
(22.3)
60.6
Deferred revenue 165.6
166.4
169.1
Other long-term liabilities 0.7
6.9
0.5
Net cash provided by operating activities 259.4
180.6
153.3
Investing activities
Purchases of short-term investments (7.3)
(9.0)
(12.7)
Maturities of short-term investments 5.8
9.2
12.7
Business acquisitions, net of cash acquired (66.2)
(40.7)
(156.8)
Purchases of intangible assets (23.5)
—
—
Purchases of property and equipment, excluding improvements (45.3)
(51.9)
(42.7)
Purchases of leasehold and building improvements (10.5)
(16.0)
(9.4)
Other investing activities, net 1.1
1.1
0.4
Net cash used in investing activities (145.9)
(107.3)
(208.5)
Financing activities
Proceeds received from:
Issuance of Class A common stock sold in initial public offering, net of offering costs 482.4
(1.8)
—
Option and warrant exercises and other 12.7
2.4
3.3
Issuance of Class A common stock under employee stock purchase plan 11.5
—
—
Term loan —
263.8
100.0
Revolving credit loan —
75.0
—
Payments made for:
Distributions to LLC Unit and option holders (0.8)
(349.0)
—
Repayment of senior note (300.0)
—
—
Repayment of revolving credit loan (75.0)
—
—
Repayment of term loan (11.0)
(7.6)
(7.8)
Financing-related costs (13.5)
(8.4)
(4.1)
Other financing obligations (10.6)
(4.1)
(0.3)
Net cash provided by (used in) financing activities 95.7
(29.7)
91.1
Effect of exchange rate changes on cash and cash equivalents (0.2)
—
—
Net increase in cash and cash equivalents 209.0
43.6
35.9
Cash and cash equivalents, beginning of period 139.0
95.4
59.5
Cash and cash equivalents, end of period $ 348.0
$ 139.0
$ 95.4