Convio, Inc. (CNVO) [Rocket]

In millions, except per share items	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04
	10-K	10-K	10-K	10-K	S-1/A	S-1/A	S-1/A	S-1/A
Cash flows from operating activities:
Net income	14.9	3.5	-2.1
Adjustments to reconcile net income (loss) to net cash from (used in) operating activities:
Depreciation and amortization	2.4	2.1	2.3
Amortization of intangible assets	1.6	1.0	2.4
Amortization of software development costs	0.5	0.1
Amortization of debt issuance costs		0.0	0.1
Deferred taxes	-12.3
Revaluation of warrants to fair value		0.0	0.8
Stock-based compensation	3.0	2.0	2.5
Gain on sale of fixed assets		-0.1
Changes in operating assets and liabilities:
Accounts receivable	-1.3	1.0	-0.3
Prepaid expenses and other assets	0.0	0.2	-0.4
Accounts payable	0.8	0.0	0.2
Accrued liabilities and accrued compensation	0.3	0.6	0.7
Deferred revenue	-1.5	-1.4	0.5
Net cash provided by operating activities	8.5	9.1	6.8

Cash flows from investing activities:
Purchases of marketable securities	-56.6	-46.9
Sales of marketable securities	54.8	9.9
Proceeds from maturities of marketable securities	29.9	9.9
Increase in restricted cash	-1.1	-1.2
Capitalized software development costs	-2.2	-0.9
Cost of acquisitions, net of cash acquired	-6.8
Purchase of property and equipment, net	-3.0	-2.6	-1.7
Net cash used in investing activities	-14.9	-41.7	-1.7

Cash flows from financing activities:
Payments made on long-term debt and capital lease obligations	0.0	-2.2	-2.2
Proceeds from common stock issuance in connection with initial public offering, net of issuance costs of $5,147		35.9
Shares acquired to settle employee tax withholding liability	-0.1
Proceeds from issuance of common stock upon exercise of options	2.2	0.7	0.0
Net cash provided by financing activities	2.0	34.4	-2.2
Net change in cash and cash equivalents	-4.4	1.8	2.8
Effect of exchange rates on cash and cash equivalents	0.0
Cash and cash equivalents at beginning of year	18.4	16.7	13.8
Cash and cash equivalents at end of year	14.0	18.4	16.7

Supplemental information:
Interest paid		0.1	0.2
Taxes paid, net of refunds	0.3	0.3	0.2
Noncash financing activities:
Conversion of convertible preferred stock to common stock upon initial public offering		-33.9
Conversion of Series P, Series Q, Series R and Series S common stock to undesignated common stock upon initial public offering		0.0
Reclassification of preferred stock warrant liability to additional paid-in capital upon initial public offering		-1.4