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26 VONAGE ANNUAL REPORT 2013
For the years ended December 31,
(dollars in thousands) 2013 (1) 2012 2011 2010 2009
Statement of Cash Flow Data:
Net cash provided by operating activities $88,243 $ 119,843 $ 146,786 $ 194,212 $38,396
Net cash used in investing activities (120,985) (25,472) (37,604) (4,686) (50,565)
Net cash provided by (used in) financing activities 21,891 (56,257) (130,138)(143,762)(3,253)
December 31,
(dollars in thousands) 2013 (1) 2012 2011 2010 2009
Balance Sheet Data:
Cash, cash equivalents and marketable securities $84,663 $97,110 $58,863 $78,934 $32,213
Property and equipment, net 52,243 60,533 67,978 79,050 90,548
Goodwill and intangible assets, net 160,477 6,681 9,056 4,186 5,331
Total deferred tax assets, including current portion, net 264,900 306,113 325,601 — —
Restricted cash 4,405 5,656 6,929 7,978 43,700
Total assets 642,749 547,389 566,215 260,392 313,384
Total notes payable and indebtedness under revolving credit
facility, including current portion 121,666 42,500 70,833 193,004 201,771
Capital lease obligations 13,090 15,561 17,665 19,448 20,948
Total liabilities 304,713 225,974 266,648 390,039 405,293
Total stockholders’ equity (deficit) 338,074 321,415 290,567 (129,647) (91,909)
(1) The year ended December 31, 2013 includes the impact of the acquisition of Vocalocity Inc., which was completed in the fourth quarter.
(2) Excludes depreciation and amortization of $14,892 for 2013, $15,115 for 2012, $15,824 for 2011, $18,725 for 2010, and $18,958 for
2009.
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