Support.com 2006 Annual Report Download - page 50

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SUPPORTSOFT, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Year Ended December 31,
2006 2005 2004
Operating activities:
Net income (loss) $ (8,235) $ 4,425 $ 10,154
Adjustments to reconcile net income (loss) to
net cash provided by (used in) operating
activities:
Depreciation 988 1,099 766
Stock−based compensation expenses 3,338 — 183
Amortization of intangible assets 1,090 1,090 363
In−process research and development — — 1,618
Changes in assets and liabilities:
Accounts receivable, net 2,293 (7,843) 2,985
Prepaid expenses and other current assets (443) 1,072 291
Other assets (91) (177) 195
Accounts payable (700) 686 (83)
Accrued compensation (556) (87) 904
Other accrued liabilities 828 378 726
Other long−term liabilities 91 142 —
Deferred revenue (1,416) (1,612) (4,281)
Other (223) (17) 673
Net cash provided by (used in) operating
activities (3,036) (844) 14,494
Investing activities:
Purchases of property and equipment (964) (963) (791)
Payment for business acquisition, net of cash
acquired — — (17,562)
Purchases of marketable securities (92,351) (91,493) (94,079)
Sales and maturities of marketable securities 85,266 97,994 88,264
Net cash provided by (used in) investing
activities (8,049) 5,538 (24,168)
Financing activities:
Proceeds from issuances of common stock 3,112 3,061 3,975
Repurchase of common stock — (922) —
Net cash provided by financing activities 3,112 2,139 3,975
Net increase (decrease) in cash and cash
equivalents (7,973) 6,833 (5,699)
Cash and cash equivalents at beginning of period 23,342 16,509 22,208
Cash and cash equivalents at end of period $ 15,369 $ 23,342 $ 16,509
Supplemental schedule of cash flow information:
Income taxes paid $ 294 $ 293 $ 247
See accompanying notes.
46
Source: SUPPORTSOFT INC, 10−K, March 16, 2007