N-able, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Depreciation and amortization $54.1m $56.5m $33.8m $24.4m $21.6m $25.7m $44.1m
Amortization of debt issuance costs and discounts $0 $0 $732k $1.6m $1.6m $1.6m $2.8m
Deferred taxes ($4.7m) ($4.1m) ($1.9m) ($1.4m) $330k ($2.0m) ($3.8m)
Operating lease right-of-use assets, net $0 $0 ($741k) ($1.2m) ($1.6m) $438k ($836k)
Right-of-use assets obtained in exchange for operating lease liabilities $2.3m $5.8m $31.1m $967k $5.1m $2.6m $6.8m
Net (loss) income ($2.5m) ($7.2m) $113k $16.7m $23.4m $31.0m ($17.0m)
Provision for (benefit from) doubtful accounts $1.8m $1.5m $2.2m ($323k) ($159k) ($285k) $3.2m
Stock-based compensation expense $8.7m $21.1m $29.4m $36.5m $43.6m $45.4m $46.6m
Loss (gain) on contingent consideration $0 $0 ($83k) ($1.4m) ($6.3m) $2.1m
Deferred consideration expense $0 $0 $1.8m $14.3m
Loss on lease modification $0 $0 $271k $0 $0 $1.1m $998k
Other non-cash expenses (benefits) ($100k) $0 $0 $148k $220k ($263k) $532k
Accounts receivable ($5.0m) ($3.5m) ($5.6m) ($3.4m) ($7.1m) ($2.1m) ($8.5m)
Income taxes receivable ($271k) ($233k) ($6.0m) ($567k) ($174k) $4.7m $217k
Recoverable taxes $102k ($11.4m) ($13.0m) $14.6m
Current contract assets ($230k) ($894k) ($11.4m) ($6.7m)
Prepaid and other current assets ($1.0m) ($581k) ($10.7m) $283k ($10.8m) ($1.3m) ($8.2m)
Accounts payable ($236k) $3.3m ($455k) ($1.6m) $1.8m ($461k) $2.5m
Accrued liabilities and other ($2.6m) $8.0m $11.9m $3.0m $16.1m $630k $4.3m
Income taxes payable $752k $389k $158k ($3.2m) $3.0m $4.9m $311k
Deferred revenue ($495k) $1.1m $1.3m $1.4m $684k $2.3m ($732k)
Other long-term assets $0 $0 $231k $780k ($1.3m) ($5.7m) $927k
Other long-term liabilities $0 $0 $0 $0 ($90k) $44k $19k
Purchases of property and equipment ($5.8m) ($11.9m) ($30.7m) ($12.8m) ($13.8m) ($17.6m) ($18.1m)
Purchases of intangible assets ($2.4m) ($4.2m) ($4.2m) ($8.2m) ($8.6m) ($6.2m) ($11.1m)
Acquisitions, net of cash acquired ($14.8m) $0 $0 ($9.2m) $0 ($98.7m) $0
Return of deposits in escrow $0 $0 $299k
Payments of tax withholding obligations related to restricted stock $0 $0 ($2.2m) ($8.3m) ($12.0m) ($20.5m) ($13.2m)
Exercise of stock options $0 $0 $23k $108k $72k $12k $2k
Deferred acquisition payments $0 $0 ($1.4m) ($1.0m) ($57.1m)
Repayments of borrowings from credit agreement $0 $0 ($875k) ($3.5m) ($3.5m) ($3.5m) ($338.6m)
Proceeds from credit agreement $0 $0 $350.0m $0 $0 $0 $400.0m
Beginning of period $39.3m $99.8m $66.7m $98.8m $153.0m $85.2m $111.8m
Change in purchases of property, equipment and leasehold improvements included in accounts payable and accrued expenses $624k $2.7m $1.1m $728k ($378k) $24k $695k
Non-cash consideration exchanged in business combinations $0 $0 $14.7m $0
Net cash provided by operating activities $25.5m $85.7m $45.3m $71.4m $90.1m $79.4m $93.2m
Net cash used in investing activities ($23.0m) ($16.1m) ($34.8m) ($30.2m) ($22.3m) ($122.4m) ($29.0m)
Payments for debt issuance costs $0 $0 ($10.1m) $0 $0 $0 ($4.1m)
Proceeds from issuance of common stock under employee stock purchase plan $0 $0 $1.3m $1.7m $2.4m $2.4m
Repurchase of common stock $0 $0 ($30.0m)
Net cash used in financing activities ($42.8m) ($10.6m) ($42.3m) ($10.4m) ($15.2m) ($22.6m) ($40.6m)
Loss on foreign currency exchange rates ($601k) $1.7m $1.4m ($1.2m) $358k $2.7m $1.6m
Effect of exchange rate changes on cash and cash equivalents $1.8m $1.5m ($1.2m) $1.3m $1.6m ($2.3m) $3.0m
Net increase (decrease) in cash and cash equivalents ($38.5m) $60.4m ($33.1m) $32.1m $54.2m ($67.9m) $26.6m
Cash paid for interest $52.7m $26.6m $20.4m $15.6m $28.4m $28.7m $25.0m
Cash paid for income taxes $8.9m $14.2m $19.0m $16.3m $14.9m $12.8m $18.1m