Carbonite Inc (CARB) [Rocket]

In millions, except per share items	Sep-30-19	Jun-30-19	Mar-31-19	Dec-31-18	Sep-30-18	Jun-30-18	Mar-31-18	Dec-31-17
	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Operating activities
Net (loss) income	-14.0	-11.3	2.0	0.7	0.6	-5.7	11.9	-1.6

Adjustments to reconcile net (loss) income to net cash from operating activities:
Depreciation and amortization	23.5	23.1	11.1	12.2	11.9	11.7	6.1	5.7
Amortization of right-of-use assets	2.2	2.3	1.3
Amortization of deferred costs	0.8	0.8	0.6	0.6	0.6	0.5	0.4
Gain on disposal of equipment	-0.1	0.0	0.0	0.1	-0.1	-0.2	0.1	0.0
Impairment of intangible assets	6.0
Impairment of other long-lived assets	0.1						0.7
Stock-based compensation expense	5.3	5.5	4.2	4.1	5.0	4.7	3.7	3.5
Benefit for deferred income taxes	-2.9	-4.9	-7.3	-0.4	0.1	1.3	-17.7	-0.3
Non-cash interest expense related to amortization of debt discount	2.3	2.2	1.7	1.6	1.6	1.6	1.5	1.5
Other non-cash items, net	-0.4	-0.3	0.0	-0.3	0.1	0.0	0.1	-0.2
Changes in assets and liabilities:
Accounts receivable	3.2	3.8	-0.4	1.0	-0.6	-1.8	-4.6	1.3
Prepaid expenses and other current assets	-0.6	5.0	-5.4	-1.4	-0.7	-1.6	0.1	-0.6
Other assets	-0.6	-1.6	0.1	-0.6	-0.9	-1.6	-2.2	-0.4
Accounts payable	0.1	5.4	-0.9	-1.5	-1.9	0.3	-4.2	4.7
Accrued expenses and other current liabilities	4.5	-13.6	7.3	2.3	0.8	-0.5	3.0	1.2
Other long-term liabilities	-2.3	-5.5	-1.4	-0.2	-0.1	-0.2	0.3	0.0
Deferred revenue	2.0	9.4	5.7	1.6	0.7	5.0	4.1	-1.4
Net cash provided by operating activities	29.3	20.3	18.7	19.8	17.0	13.6	3.3	13.9

Investing activities
Purchases of property and equipment	-3.5	-3.3	-2.8	-3.2	-2.1	-4.5	-3.3	-5.4
Proceeds from sale of property and equipment and businesses	0.1	0.0	0.1	0.2	0.1	0.2	0.3	0.0
Proceeds from maturities of derivatives	0.5	1.3	0.0		0.9	1.7
Purchases of derivatives			0.0	1.4			-1.4	4.8
Payment for intangibles					-4.5		-1.3	-1.3
Payment for acquisition, net of cash acquired	0.3	-132.4	-489.6			0.0	-144.6
Net cash used in investing activities	-2.7	-134.3	-492.3	-1.6	-5.6	-2.6	-150.2	-6.7

Financing activities
Proceeds from exercise of stock options	0.1	1.7	0.1	1.5	0.2	1.4	0.7	1.9
Proceeds from issuance of common stock for secondary offering				0.0	199.3
Proceeds from issuance of treasury stock under employee stock purchase plan	0.1	1.7	0.1	1.5	0.2	1.4	0.7	1.9
Payments of withholding taxes in connection with restricted stock unit vesting		-0.2	-0.8	-0.7	-1.0	-0.6	-0.6	-0.5
Proceeds from long-term borrowings, net of debt issuance costs	-0.5	-2.4	531.9			-0.9	89.0
Payments on long-term borrowings	-10.0	-55.0		90.0	-80.0	-10.0		39.2
Net cash provided by financing activities	-10.4	-55.8	531.3	-20.7	118.5	-10.1	89.2	1.3
Effect of currency exchange rate changes on cash	-1.0	0.4	-0.5	-0.3	0.1	-0.8	0.5	0.3
Net (decrease) increase in cash, cash equivalents and restricted cash	-97.1				72.8

Supplemental disclosure of cash flow information
Cash paid for income taxes, net	2.8	0.4	0.2	0.3	-0.2	0.2	0.3	-0.1
Cash paid for interest	2.8	10.5		1.8	0.4	2.6

Supplemental disclosure of non-cash investing and financing activities:
Capitalization of stock-based compensation	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1
Acquisition of property and equipment included in accounts payable and accrued expenses	-0.8	1.1	0.0	-0.5	0.4	-2.8	2.8	-3.3