|
Net income (loss) attributable to nCino, Inc.
|
|
($27.6m)
|
($40.5m)
|
($49.4m)
|
($102.7m)
|
($42.3m)
|
($37.9m)
|
$5.2m
|
|
Net income (loss) attributable to redeemable non-controlling interest
|
|
($141k)
|
($734k)
|
($675k)
|
$876k
|
($1.2m)
|
$4.8m
|
$4.5m
|
|
Net income (loss)
|
|
($27.7m)
|
($41.3m)
|
($50.1m)
|
($101.8m)
|
($43.5m)
|
($33.0m)
|
$9.7m
|
|
Depreciation and amortization
|
|
$4.6m
|
$7.4m
|
$10.0m
|
$34.7m
|
$45.3m
|
$36.3m
|
$42.3m
|
|
Amortization of costs capitalized to obtain revenue contracts
|
|
$3.2m
|
$4.7m
|
$5.8m
|
$8.5m
|
$9.9m
|
$12.0m
|
$15.1m
|
|
Amortization of debt issuance costs
|
|
—
|
$0
|
$0
|
$177k
|
$184k
|
$131k
|
$287k
|
|
Deferred income taxes
|
|
$195k
|
$168k
|
($24.3m)
|
$1.6m
|
($2.3m)
|
($7.1m)
|
($6.2m)
|
|
Non-cash operating lease costs
|
|
$0
|
$0
|
$2.5m
|
$3.8m
|
$4.5m
|
$5.0m
|
$4.0m
|
|
Operating lease liabilities
|
|
$0
|
$0
|
($2.6m)
|
($4.8m)
|
($4.1m)
|
($3.8m)
|
($4.1m)
|
|
Stock-based compensation
|
|
$5.7m
|
$25.2m
|
$28.5m
|
$50.2m
|
$58.0m
|
$71.6m
|
$73.9m
|
|
Change in fair value of contingent consideration
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$1.6m
|
|
Provision for bad debt
|
|
($105k)
|
$100k
|
$90k
|
$806k
|
$1.1m
|
$85k
|
$1.7m
|
|
Net foreign currency (gains) losses
|
|
$0
|
($1.7m)
|
$1.9m
|
$1.5m
|
$670k
|
$8.7m
|
($16.3m)
|
|
Gains on investments
|
|
—
|
—
|
$0
|
$0
|
($263k)
|
$0
|
($1.7m)
|
|
Loss on disposal of long-lived assets
|
|
—
|
—
|
$0
|
$0
|
$150k
|
$35k
|
$463k
|
|
Accounts receivable
|
|
($9.3m)
|
($20.6m)
|
($13.5m)
|
($26.8m)
|
($14.3m)
|
($31.4m)
|
($16.2m)
|
|
Costs capitalized to obtain revenue contracts
|
|
($5.6m)
|
($9.0m)
|
($11.0m)
|
($12.2m)
|
($10.3m)
|
($21.5m)
|
($25.1m)
|
|
Prepaid expenses and other assets
|
|
($1.6m)
|
($3.3m)
|
($2.5m)
|
($3.4m)
|
$1.9m
|
($7.1m)
|
$182k
|
|
Accounts payable
|
|
($65k)
|
$346k
|
$8.8m
|
$35k
|
$525k
|
($190k)
|
$1.1m
|
|
Accrued expenses and other current liabilities
|
|
$2.4m
|
$6.7m
|
$7.3m
|
($1.2m)
|
($6.0m)
|
$10.2m
|
($2.1m)
|
|
Deferred revenue
|
|
$20.9m
|
$38.3m
|
$24.3m
|
$33.5m
|
$15.9m
|
$13.8m
|
$10.9m
|
|
Other long-term liabilities
|
|
—
|
—
|
—
|
$0
|
$0
|
$1.4m
|
$582k
|
|
Acquisition of assets
|
|
—
|
$0
|
$0
|
($563k)
|
($356k)
|
($450k)
|
$0
|
|
Purchases of property and equipment
|
|
($5.8m)
|
($4.3m)
|
($5.5m)
|
($18.3m)
|
($3.5m)
|
($1.8m)
|
($7.5m)
|
|
Proceeds from sale of property and equipment
|
|
—
|
—
|
$0
|
$0
|
$43k
|
$0
|
$0
|
|
Investment from redeemable non-controlling interest
|
|
$4.5m
|
$0
|
$0
|
$0
|
$983k
|
$0
|
$0
|
|
Proceeds from borrowings on revolving credit facility
|
|
—
|
$0
|
$0
|
$50.0m
|
$0
|
$241.0m
|
$112.5m
|
|
Payments on revolving credit facility
|
|
—
|
$0
|
$0
|
($20.0m)
|
($30.0m)
|
($75.0m)
|
($65.0m)
|
|
Exercise of stock options
|
|
$1.0m
|
$8.7m
|
$13.9m
|
$3.8m
|
$4.5m
|
$2.8m
|
$2.0m
|
|
Stock issuance under the employee stock purchase plan
|
|
$0
|
$0
|
$2.5m
|
$4.5m
|
$4.7m
|
$4.5m
|
$4.2m
|
|
Principal payments on financing obligations
|
|
$0
|
($37k)
|
($318k)
|
($1.1m)
|
($1.2m)
|
($1.3m)
|
($1.6m)
|
|
Restricted cash included in long-term prepaid expenses and other assets
|
|
—
|
—
|
$385k
|
$5.4m
|
$5.4m
|
$339k
|
$169k
|
|
Fair value of contingent consideration in connection with business acquisition in accrued expenses and other current liabilities
|
|
$197k
|
$0
|
$0
|
—
|
$0
|
$0
|
$8.1m
|
|
Measurement period adjustment relating to business acquisitions
|
|
—
|
$0
|
$0
|
$1.3m
|
$0
|
$0
|
$10.0m
|
|
Noncash consideration for settlement of preexisting contract
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$1.4m
|
|
Accrued purchase price related to acquisitions
|
|
$0
|
$0
|
$54k
|
$356k
|
$0
|
$13.2m
|
$0
|
|
Net cash provided by operating activities
|
|
($9.0m)
|
$9.2m
|
($19.2m)
|
($15.4m)
|
$57.3m
|
$55.2m
|
$90.1m
|
|
Acquisition of business, net of cash acquired
|
|
($52.3m)
|
$0
|
($269.0m)
|
$676k
|
$0
|
($216.9m)
|
($50.3m)
|
|
Purchase of investments
|
|
$0
|
$0
|
($4.0m)
|
($2.5m)
|
($2.5m)
|
$0
|
$0
|
|
Sale of investment
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$3.7m
|
|
Net cash used in investing activities
|
|
($58.0m)
|
($4.3m)
|
($278.5m)
|
($20.7m)
|
($6.3m)
|
($219.2m)
|
($54.1m)
|
|
Payments of debt issuance costs
|
|
—
|
$0
|
$0
|
($367k)
|
$0
|
($1.5m)
|
$0
|
|
Repurchases of common stock
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($125.1m)
|
|
Excise tax on repurchases of common stock
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$503k
|
|
Net cash provided by (used in) financing activities
|
|
$84.1m
|
$274.1m
|
$15.9m
|
$36.7m
|
($21.1m)
|
$170.5m
|
($73.0m)
|
|
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash
|
|
($229k)
|
$1.2m
|
($1.2m)
|
($1.6m)
|
$182k
|
($2.7m)
|
$4.5m
|
|
Net increase (decrease) in cash, cash equivalents, and restricted cash
|
|
$16.8m
|
$280.2m
|
($283.0m)
|
($981k)
|
$30.0m
|
$3.8m
|
($32.6m)
|
|
Cash, cash equivalents, and restricted cash, beginning of period
|
|
$91.2m
|
$371.4m
|
$88.4m
|
$87.4m
|
$117.4m
|
$121.3m
|
$88.7m
|
|
Cash and cash equivalents
|
|
$91.2m
|
$371.4m
|
$88.0m
|
$82.0m
|
$112.1m
|
$120.9m
|
$88.4m
|
|
Restricted cash included in prepaid expenses and other current assets
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$142k
|
|
Cash paid for interest
|
|
$0
|
$130k
|
$1.5m
|
$2.6m
|
$4.3m
|
$8.7m
|
$16.0m
|