Support.com 2009 Annual Report Download - page 44

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Table of Contents
SUPPORT.COM, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Year Ended December 31,
2009 2008 2007
Operating activities:
Net loss $ (14,577) $ (19,106) $ (21,369)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Gain on the sale of discontinued operations, net of tax (4,190) — —
Depreciation 613 1,194 1,149
Write-off of fixed assets 323 105 —
Stock-based compensation expense 3,690 5,078 4,943
Amortization of premiums and discounts on marketable securities 249 (509) (1,062)
Amortization of intangible assets 177 202 2,815
Amortization of purchased technology 172 57 —
Realized (gain)/loss on investments (5,859) 7,221 —
(Gain)/loss on auction-rate security put option 5,859 (7,148) —
Changes in assets and liabilities:
Accounts receivable, net 2,494 (252) 5,057
Prepaid expenses and other current assets 103 892 386
Other assets 132 (213) 131
Accounts payable (843) 431 145
Accrued compensation (970) (186) 237
Other accrued liabilities (9,981) (203) (348)
Other long-term liabilities (294) 569 631
Deferred revenue (1,068) (454) (3,111)
Net cash used in operating activities (23,970) (12,322) (10,396)
Investing activities:
Proceeds from sale of discontinued operations 20,475 — —
Purchases of property and equipment (234) (566) (2,422)
Purchase of developed technology (350) (1,375) —
Acquisition of business, net of cash acquired (7,942) (2,778) —
Purchases of investments (44,932) (41,256) (106,850)
Sales of investments 2,630 39,941 40,549
Maturities of investments 13,050 69,467 71,938
Net cash provided by (used in) investing activities (17,303) 63,433 3,215
Financing activities:
Proceeds from issuances of common stock 485 381 4,806
Net cash provided by financing activities 485 381 4,806
Net increase (decrease) in cash and cash equivalents (40,788) 51,492 (2,375)
Effect of exchange rate changes on cash and cash equivalents 29 (112) (68)
Cash and cash equivalents at beginning of period 64,306 12,926 15,369
Cash and cash equivalents at end of period $ 23,547 $ 64,306 $ 12,926
Supplemental schedule of cash flow information:
Income taxes paid $ 311 $ 402 $ 274
See accompanying notes.
43
Source: Support.com, Inc., 10-K, March 12, 2010 Powered by Morningstar® Document Research℠