Support.com 2007 Annual Report Download - page 56

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SUPPORTSOFT, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Year Ended December 31,
2007
2006
2005
Operating activities:
Net income (loss) $ (21,369) $ (8,235) $ 4,425
Adjustments to reconcile net income (loss) to net cash provided by (used in)
operating activities:
Depreciation 1,273 988 1,099
Stock-based compensation expense 4,943 3,338 —
Amortization of premiums and discounts on marketable securities (1,062) 51 165
Amortization/write-down of intangible assets 2,815 1,090 1,090
Changes in assets and liabilities:
Accounts receivable, net 5,057 2,293 (7,843)
Prepaid expenses and other current assets 363 (443) 1,072
Other assets 110 (91) (177)
Accounts payable 130 (700) 686
Accrued compensation 208 (556) (87)
Other accrued liabilities (392) 828 378
Other long-term liabilities 659 91 142
Deferred revenue (3,111) (1,416) (1,612)
Other (88) (274) (182)
Net cash used in operating activities (10,464) (3,036) (844)
Investing activities:
Purchases of property and equipment (2,422) (964) (963)
Purchases of marketable securities (106,850) (92,351) (91,493)
Sales of marketable securities 40,549 58,500 37,200
Maturities of marketable securities 71,938 26,766 60,794
Net cash provided by (used in) investing activities 3,215 (8,049) 5,538
Financing activities:
Proceeds from issuances of common stock 4,806 3,112 3,061
Repurchase of common stock — — (922)
Net cash provided by financing activities 4,806 3,112 2,139
Net increase (decrease) in cash and cash equivalents (2,443) (7,973) 6,833
Cash and cash equivalents at beginning of period 15,369 23,342 16,509
Cash and cash equivalents at end of period $ 12,926 $ 15,369 $ 23,342
Supplemental schedule of cash flow information:
Income taxes paid $ 274 $ 294 $ 293
See accompanying notes.
52
Source: SUPPORTSOFT INC, 10-K, March 13, 2008