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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Operating activities      
Net loss $ (930) $ (32,488) $ (40,834)
Loss on discontinued operations 4,042 6,836 3,404
Income (loss) from continuing operations 3,112 (25,652) (37,430)
Adjustments to reconcile income (loss) from continuing operations to net cash provided by (used in) operating activities:      
Stock-based compensation expense 8,034 7,404 8,768
Depreciation and amortization 3,430 3,678 3,363
Deferred rent reversal due to lease termination 0 0 (538)
Operating lease amortization, net of accretion 2,998 0 0
Tenant improvement allowance recognition due to lease termination 0 0 (582)
Goodwill impairment 0 0 2,666
Accretion of net premium on short-term investments 258 (30) 192
Equity in net (income) of equity method investees (876) 0 0
Gain on sale of intellectual property and workforce to Grab (45) 0 0
Non-cash revenue associated with grant of perpetual license to Grab (5,831) 0 0
Unrealized gain on investments 0 (1,174) 0
Other (361) (32) (9)
Changes in operating assets and liabilities:      
Accounts receivable 35,698 (28,624) 10,526
Deferred income taxes (541) (153) 52
Deferred costs (891) (21,377) (22,999)
Prepaid expenses and other current assets 435 (354) 496
Other assets (249) (177) (681)
Trade accounts payable (3,875) 3,359 6,836
Accrued expenses and other liabilities (13,941) 12,489 (12,439)
Income taxes payable (74) 583 23
Deferred rent 0 360 1,193
Operating lease liabilities (3,763) 0 0
Deferred revenue 3,753 60,597 35,424
Net cash provided by (used in) operating activities 27,271 10,897 (5,139)
Investing activities      
Purchases of property and equipment (933) (1,398) (4,651)
Purchases of short-term investments (80,673) (45,816) (49,287)
Proceeds from sales and maturities of short-term investments 63,513 43,737 58,404
Purchases of long-term investments (9,920) 0 0
Net cash provided by (used in) investing activities (28,013) (3,477) 4,466
Financing activities      
Proceeds from exercise of stock options 8,432 8,853 681
Repurchase of common stock (9,353) (1,303) 0
Tax withholdings related to net share settlements of restricted stock units (1,334) (1,982) (2,327)
Net cash provided by (used in) financing activities (2,255) 5,568 (1,646)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (241) (478) 529
Net increase (decrease) in cash, cash equivalents and restricted cash, continuing operations (3,238) 12,510 (1,790)
Net cash used in discontinued operations (3,975) (3,384) (2,269)
Cash, cash equivalents and restricted cash, beginning of period 29,225 20,099 24,158
Cash, cash equivalents and restricted cash, end of period 22,012 29,225 20,099
Supplemental disclosure of cash flow information      
Income taxes paid, net 2,153 1,128 1,053
Non-cash investing: Investment in inMarket Media, LLC acquired in exchange for sale of Advertising business 15,600 0 0
Non-cash sale of assets to Grab in exchange for equity investment and software 7,012 0 0
Non-cash transfer of non-marketable equity securities to short-term investments 0 1,348 0
Cash flows from discontinued operations:      
Net cash used in operating activities (3,569) (3,384) (2,269)
Net cash used in financing activities (406) 0 0
Net cash transferred from continuing operations 3,975 3,384 2,269
Net change in cash and cash equivalents from discontinued operations 0 0 0
Cash and cash equivalents of discontinued operations, beginning of period 0 0 0
Cash and cash equivalents of discontinued operations, end of period 0 0 0
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets      
Total cash, cash equivalents and restricted cash $ 29,225 $ 20,099 $ 20,099