Support.com 2014 Annual Report Download - page 41

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Table of Contents
SUPPORT.COM, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Year Ended December 31,
2014 2013 2012
Operating activities:
Net income (loss) $ (3,483) $ 10,383 $ (5,424)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation expense 2,874 3,481 4,525
Amortization of intangible assets and other 1,091 1,321 1,522
Warrant-related charges — 777 —
Amortization of premiums and discounts on investments 726 646 588
Depreciation 275 351 503
Amortization of purchased technology — 62 81
Changes in assets and liabilities:
Accounts receivable, net (634) (4,304) 747
Prepaid expenses and other current assets (82) 32 (342)
Other assets (80) 76 (460)
Accounts payable 764 414 (752)
Accrued compensation 634 539 (67)
Other accrued liabilities (331) (623) (527)
Other long-term liabilities 336 316 201
Deferred revenue (632) (3,295) 1,357
Net cash provided by operating activities 1,458 10,176 1,952
Investing activities:
Purchases of property and equipment (231) (221) (523)
Acquisition of business, net of cash acquired — — (1,327)
Purchases of investments (63,510) (61,779) (37,764)
Sales of investments — 104 2,400
Maturities of investments 56,275 42,544 40,445
Net cash (used in) provided by investing activities (7,466) (19,352) 3,231
Financing activities:
Utilized excess tax benefits (8) 34 —
Proceeds from issuance of common stock 1,096 11,045 3,530
Repurchase of common stock — (4,114) —
Net cash provided by financing activities 1,088 6,965 3,530
Net (decrease) increase in cash and cash equivalents (4,920) (2,211) 8,713
Effect of exchange rate changes on cash and cash equivalents (116) (251) (20)
Cash and cash equivalents at beginning of year 28,390 30,852 22,159
Cash and cash equivalents at end of year $ 23,354 $ 28,390 $ 30,852
Supplemental schedule of cash flow information:
Cash paid for income taxes $ 225 $ 120 $ 86
See accompanying notes.
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