Support.com 2008 Annual Report Download - page 54

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Table of Contents
SUPPORTSOFT, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Year Ended December 31,
2008 2007 2006
Operating activities:
Net loss $ (19,106) $ (21,369) $ (8,235)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation 1,194 1,149 982
Write-off of fixed assets 105 — —
Stock-based compensation expense 5,078 4,943 3,338
Amortization of premiums and discounts on marketable securities (509) (1,062) 51
Amortization/write-down of intangible assets 202 2,815 1,090
Amortization of purchased technology 57 — —
Realized loss on investments 7,221 — —
Gain on auction rate security put option (7,148) — —
Changes in assets and liabilities:
Accounts receivable, net (252) 5,057 2,293
Prepaid expenses and other current assets 892 386 (501)
Other assets (213) 131 (137)
Accounts payable 431 145 (725)
Accrued compensation (186) 237 (609)
Other accrued liabilities (203) (348) 720
Other long-term liabilities 569 631 63
Deferred revenue (454) (3,111) (1,416)
Net cash used in operating activities (12,322) (10,396) (3,086)
Investing activities:
Purchases of property and equipment (566) (2,422) (964)
Purchase of developed technology (1,375) — —
Acquisition of business, net of cash acquired (2,778) — —
Purchases of investments (41,256) (106,850) (92,351)
Sales of investments 39,941 40,549 58,500
Maturities of investments 69,467 71,938 26,766
Net cash provided by (used in) investing activities 63,433 3,215 (8,049)
Financing activities:
Proceeds from issuances of common stock 381 4,806 3,112
Net cash provided by financing activities 381 4,806 3,112
Net increase (decrease) in cash and cash equivalents 51,492 (2,375) (8,023)
Effect of exchange rate changes on cash and cash equivalents (112) (68) 50
Cash and cash equivalents at beginning of period 12,926 15,369 23,342
Cash and cash equivalents at end of period $ 64,306 $ 12,926 $ 15,369
Supplemental schedule of cash flow information:
Income taxes paid $ 402 $ 274 $ 294
See accompanying notes.
51
Source: SUPPORTSOFT INC, 10-K, March 11, 2009