XML 21 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net loss attributable to Marketo $ (71,497) $ (54,337) $ (47,360)
Net loss and adjustment attributable to redeemable non-controlling interests (Note 3) (2,418) 618  
Net loss (69,079) (54,955) (47,360)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 13,937 9,475 4,621
Stock-based compensation expense 39,182 25,120 8,075
Deferred income taxes 568 (672) (65)
Provision for doubtful accounts 738 417 452
Loss on disposal of assets 7 1  
Changes in operating assets and liabilities:      
Accounts receivable (13,952) (11,779) (13,154)
Prepaid expenses and other current assets (4,489) (1,388) (698)
Other assets (834) (709) (46)
Accounts payable 1,628 (342) 2,050
Accrued expenses and other current liabilities 5,213 (1,599) 13,177
Deferred revenue 29,686 22,371 20,438
Deferred rent (355) 37 141
Net cash provided by (used in) operating activities 2,250 (14,023) (12,369)
Cash flows from investing activities:      
Increase in restricted cash (215)    
Purchase of property and equipment (15,849) (8,378) (11,401)
Cash provided by (used in) acquisition, net of cash acquired   326 (6,216)
Capitalized software development (1,017) (645) (459)
Net cash used in investing activities (17,081) (8,697) (18,076)
Cash flows from financing activities:      
Proceeds from initial public offering, net of underwriting discount     80,506
Proceeds from private placement     6,500
Proceeds from follow-on offering, net of underwriting discount     22,519
Proceeds from issuance of common stock upon exercise of stock options 5,999 5,540 4,985
Proceeds from employee stock purchase plan 5,629 6,143  
Repurchase of unvested common stock from terminated employees (38) (49) (22)
Withholding taxes remitted for the net share settlement of an equity awards (740) (2,638) (124)
Proceeds from issuance of debt     4,500
Repayment of debt (2,719) (2,187) (582)
Investment from non-controlling interest 1,678 1,953  
Payment incurred for common stock registration related to acquisition   (319) (35)
Payment of initial public offering costs and follow-on offering costs   (104) (3,820)
Net cash provided by financing activities 9,809 8,339 114,427
Effect of foreign exchange rate changes on cash and cash equivalents (404) (1,274) 70
Net increase (decrease) in cash and cash equivalents (5,426) (15,655) 84,052
Cash and cash equivalents - beginning of period 112,644 128,299 44,247
Cash and cash equivalents - end of period 107,218 112,644 128,299
Supplemental disclosures of cash flow information:      
Cash paid for interest 168 272 211
Cash paid for income taxes 394 80 33
Supplemental disclosure of noncash investing and financing activities:      
Conversion of convertible preferred stock into common stock upon initial public offering     119,121
Convertible preferred stock and common stock issued in connection with acquisitions, including options assumed   4,756 14,069
Vesting of early exercised options 140 279 655
Unpaid and accrued fixed assets 115 1,330 376
Property and equipment acquired through tenant improvement allowance $ 211 $ 973 $ 1,262