Other Unaudited Financial Information

The following tables present certain historical unaudited consolidated financial information of Textura Corporation based on the new fiscal year end of December 31.

Consolidated Statements of Operations (unaudited)

(in thousands, except per share amounts)



	Year Ended December 31,
	2013			2012
Revenues	$	40,766		$	23,964
Operating expenses
Cost of services (exclusive of depreciation and amortization shown separately below)	12,808			6,588
General and administrative	25,152			12,272
Sales and marketing	15,153			6,736
Technology and development	20,820			11,315
Depreciation and amortization	5,325			3,940
Total operating expenses	79,258			40,851
Loss from operations	(38,492		)	(16,887		)
Other expense, net
Interest income and other expense, net	53			5
Interest expense	(2,734		)	(3,783		)
Change in fair value of conversion option liability	151			433
Total other expense, net	(2,530		)	(3,345		)
Loss before income taxes	(41,022		)	(20,232		)
Income tax provision (benefit)	(767		)	35
Net loss	$	(40,255	)	$	(20,267	)
Less: Net loss attributable to non-controlling interest	(1,771		)	(3,496		)
Net loss attributable to Textura Corporation	(38,484		)	(16,771		)
Accretion of redeemable Series A-1 preferred stock	3,384			3,185
Accretion of redeemable non‑controlling interest	319			76
Dividends on Series A-2 preferred stock	215			480
Beneficial conversion of Series A-2 preferred stock	7,161			—
Net loss attributable to Textura Corporation common stockholders	$	(49,563	)	$	(20,512	)
Net loss per share attributable to Textura Corporation common stockholders, basic and diluted	$	(2.82	)	$	(2.40	)
Weighted-average number of common shares outstanding, basic and diluted	17,550			8,557

Consolidated Statements of Cash Flows (unaudited)

(in thousands)



	Year Ended December 31,
	2013			2012
Cash flows from operating activities
Net loss	$	(40,255	)	$	(20,267	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	5,325			3,943
Deferred income taxes	(767		)	35
Non-cash interest expense	1,770			3,114
Change in fair value of conversion option liability	(152		)	(432		)
Share‑based compensation	13,550			2,677
Issuance of warrants for referral fees	202			—
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(3,086		)	(431		)
Prepaid expenses and other assets	(1,201		)	(292		)
Deferred revenue, including long-term portion	9,049			5,543
Accounts payable	(2,037		)	(298		)
Accrued expenses and other	1,740			1,739
Net cash used in operating activities	(15,862		)	(4,669		)
Cash flows from investing activities
Decrease (increase) in restricted cash	470			(100		)
Purchases of property and equipment	(3,118		)	(67		)
Acquisitions of businesses, net of cash acquired	(35,869		)	—
Net cash used in investing activities	(38,517		)	(167		)
Cash flows from financing activities
Partner’s investment in joint venture	199			208
Principal payments on loans and notes payable	(10,725		)	(500		)
Payments on capital leases	(428		)	—
Proceeds from debt issuances	6,994			—
Repayment of debt	(7,964		)	—
Proceeds from exercise of options and warrants	4,399			321
Buyout of non-controlling interest	—			—
Deferred finance and offering costs	(1,436		)	(386		)
Proceeds from issuance of common stock in IPO and follow-on offering, net of underwriting discounts and commissions	139,252			—
Repurchase of common shares (treasury)	(600		)	—
Other financing activities	—			(7		)
Net cash provided by (used in) financing activities	129,691			(364		)
Effect of changes in foreign exchange rates on cash and cash equivalents	(72		)	—
Net increase (decrease) in cash and cash equivalents	$	75,240		$	(5,200	)
Cash and cash equivalents
Beginning of period	$	1,890		$	7,090
End of period	$	77,130		$	1,890