LifeLock 2013 Annual Report Download - page 68

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

      

Net income (loss) $ 52,451 $ 23,503 $ (4,257)
Adjustment to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization 12,796 10,427 3,740
Write-off of deferred financing costs from early payoff of debt - 1,443 -
Share-based compensation 14,700 6,758 3,285
Provision for doubtful accounts 231 46 (28)
Accretion of marketable securities 323 - -
Change in fair value of warrant liabilities - (3,117) 8,658
Change in fair value of embedded derivative - 2,785 -
Deferred income tax benefit (39,197) (14,185) -
Other 21 5 5
Change in operating assets and liabilities:
Trade and other receivables (3,127) (2,766) (1,067)
Prepaid expenses and other current assets (1,080) 1,334 (901)
Other non-current assets 328 (1,305) (287)
Accounts payable 518 (2,945) 1,677
Accrued expenses and other liabilities 6,920 5,913 542
Deferred revenue 28,115 20,782 13,440
Other non-current liabilities 4,374 (255) (463)
Net cash provided by operating activities 77,373 48,423 24,344

Acquisition of businesses, net of cash acquired (42,369) (157,430) -
Acquisition of property and equipment (10,417) (7,498) (2,031)
Purchase of marketable securities (50,775) - -
Sale and maturities of marketable securities 1,353 - -
Decrease in restricted cash - 1,748 500
Net cash used in investing activities (102,208) (163,180) (1,531)

Proceeds from:
Term loan - 68,000 -
Initial public offering, net of offering costs - 125,663 -
Issuance of convertible redeemable preferred stock, net of offering costs - 102,165 -
Issuance of warrants - 4,373 -
Stock based compensation plans 15,425 298 1,752
Payments for:
Term loan - (68,000)
Revolving line of credit - - (13,010)
Obligations under capital lease - - (154)
Payments to Series E-1 convertible redeemable preferred stockholders - (10,719) -
Employee tax withholdings related to restricted stock units (436) - -
Debt issuance costs (440) (1,676) (132)
Net cash provided by (used in) financing activities 14,549 220,104 (11,544)
Net increase (decrease) in cash and cash equivalents (10,286) 105,347 11,269
Cash and cash equivalents at beginning of year 134,197 28,850 17,581
Cash and cash equivalents at end of year $ 123,911 $ 134,197 $ 28,850
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