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Income Statement
Balance Sheet
Cash Flow Statement
Segments

Common Size IS
Op Efficiency
Credit Analysis

N-able, Inc.

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   8-K10-K10-K10-K8-K
Cash flows from operating activities       
Net income  16.70.1-7.2-2.5-13.7
   
Adjustments to reconcile net income to net cash from operating activities:       
    Depreciation and amortization  24.433.856.554.156.0
    Benefit from doubtful accounts   2.21.51.81.7
    Stock-based compensation expense  36.529.421.18.71.8
    Deferred taxes  -1.4-1.9-4.1-4.7-10.5
    Amortization of debt issuance costs  1.60.7   
    Operating lease right-of-use assets, net   -0.7   
    Loss (gain) on foreign currency exchange rates   1.41.7-0.6 
    Other non-cash expenses     -0.1 
    Changes in operating assets and liabilities, net of assets acquired and liabilities assumed in business combinations:       
        Accounts receivable  -3.4-5.6-3.5-5.0-4.9
        Income tax receivable   -6.0-0.2-0.3 
        Prepaid expenses and other assets   -10.7-0.6-1.0 
        Accounts payable  -1.6-0.53.3-0.20.8
        Due to and from affiliates   -8.36.2-3.8 
        Accrued liabilities and other   11.98.0-2.6 
        Income taxes payable   0.20.40.8 
        Deferred revenue   1.31.1-0.5 
        Other long-term assets  1.10.2   
        Other long-term liabilities      1.7
            Net cash provided by operating activities  71.445.385.725.552.3
   
Cash flows from investing activities       
Purchases of property and equipment   -30.7-11.9-5.8 
Purchases of intangible assets  -8.2-4.2-4.2-2.4-0.5
    Net cash used in investing activities  -30.2-34.8-16.1-23.0-22.9
   
Cash flows from financing activities       
Payments of tax withholding obligations related to restricted stock units   -2.2   
Exercise of stock options  0.10.0   
Proceeds from issuance of common stock under employee stock purchase plan  0.1    
Repayments of borrowings from Credit Agreement   -0.9   
    Net cash used in financing activities  -10.4-42.3-10.6-42.8 
Effect of exchange rate changes on cash and cash equivalents   -1.21.51.8 
   
Cash and cash equivalents       
   
Supplemental disclosure of cash flow information:       
    Cash paid for interest   20.426.652.724.9
    Cash paid for income taxes   19.014.28.93.8
    Supplemental disclosure of non-cash activities:       
        Right-of-use assets obtained in exchange for operating lease liabilities   31.15.82.3 

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