Statement of Cash Flow

Quarterly Annual

Selected Quarter:

31-Jan
2021

Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc

27.5% - Contract liabilities

24.2% - Stock-based compensation

11.8% - Accrued compensation and employee benefits

9.7% - (Gain) loss on repayment of debt

8.3% - Amortization of deferred contract acquisition and fulfillment costs

5.7% - Depreciation and amortization

4.4% - Accrued expenses and other liabilities

2.4% - Accounts payable

2.1% - Amortization of debt original issue discount and issuance cost

1.9% - Operating lease expense

1.7% - Contract assets

0.2% - Prepaid expenses and other assets

0.1% - Other assets

SOURCEs

0.0% 5.7% 8.3% 9.7% 27.5% 11.8% 4.4% 24.2%

100 %

USES

18.0% 18.0% 18.4% 21.7% 20.9%

21.7% - Operating cash flow related to repayments of convertible senior notes

20.9% - Net income (loss)

18.4% - Deferred contract acquisition and fulfillment costs

18.0% - Accounts receivable

2.1% - Operating lease liabilities

0.4% - Other

0.4% - Deferred income taxes

	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
Net income (loss)	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	($45,722)	($68,632)	($46,598)	($47,407)	($47,804)	($64,560)	($58,491)	($72,412)	($243,267)	($289,648)
Depreciation and amortization	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	11,971	12,290	12,655	13,266	14,039	17,937	19,479	19,635	71,090	78,540
Operating lease right-of-use asset amortization	-	-	-	-	-	-	-	-	4,128	-	-	-	-	-	-	-	-	-
Operating lease expense	-	-	-	-	-	-	-	-	4,128	8,863	4,980	5,592	6,324	6,795	6,963	6,646	26,728	26,584
Amortization of deferred contract acquisition and fulfillment costs Amortization of deferred contract acquisition and fulfillment costs	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	14,260	16,889	18,211	20,387	21,360	23,834	25,593	28,597	99,384	114,388
Amortization of debt original issue discount and issuance cost Amortization of debt original issue discount and issuance cost	-	-	-	-	-	-	$45,679	$45,679	6,454	6,548	6,645	6,742	6,842	6,942	7,044	7,173	28,001	28,692
Stock-based compensation	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	42,271	55,792	52,736	55,605	53,551	68,767	80,920	83,639	286,877	334,556
Deferred income taxes	$45,679	-	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	52	(24)	14	1,245	(104)	(180)	(766)	(1,360)	(2,410)	(5,440)
(Gain) loss on repayment of debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,752	33,752	135,008
Operating cash flow related to repayments of convertible senior notes Operating cash flow related to repayments of convertible senior notes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	(75,165)	(75,165)	(300,660)
Accounts receivable	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	57,414	(21,518)	(20,812)	(78,377)	17,239	7,915	(36,583)	(62,484)	(73,913)	(249,936)
Prepaid expenses and other assets	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	(7,107)	3,950	1,121	(1,106)	(9,660)	4,272	3,553	680	(1,155)	2,720
Contract assets	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	(2,701)	(2,204)	(2,318)	5,715	(740)	2,310	(5,460)	5,802	1,912	23,208
Deferred contract acquisition and fulfillment costs	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	(20,487)	(27,952)	(29,361)	(37,923)	(41,037)	(51,377)	(52,225)	(63,871)	(208,510)	(255,484)
Other assets	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	541	418	(33)	612	(1,364)	(4,768)	(331)	457	(6,006)	1,828
Accounts payable	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	282	1,306	718	1,543	(2,554)	8,829	(2,620)	8,473	12,128	33,892
Accrued expenses	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	6,442	5,997	(5,203)	-	-	-	-	-	-	-
Accrued compensation and employee benefits	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	(19,869)	22,296	(9,120)	12,329	(1,536)	24,401	688	41,033	64,586	164,132
Accrued expenses and other liabilities	-	-	-	-	-	-	-	$45,679	4,710	9,792	(9,811)	9,353	(916)	12,626	10,242	15,203	37,155	60,812
Contract liabilities	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	4,274	17,472	22,563	85,957	44,594	62,892	65,034	95,230	267,750	380,920
Deferred rent	$45,679	$45,679	$45,679	$45,679	-	-	-	$45,679	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities	-	-	-	-	-	-	-	-	(3,705)	(3,493)	(3,688)	(3,738)	406	(7,504)	(7,296)	(7,379)	(21,773)	(29,516)
Other	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	(1,111)	(1,260)	229	401	504	(997)	1,699	(1,416)	(210)	(5,664)
Other liabilities	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	(1,732)	3,795	(4,608)	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,655	$26,405	($1,869)	$45,505	$59,144	$118,134	$57,443	$62,233	$296,954	$248,932

Selected Quarter:

31-Jan
2021

Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically

81.6% - Maturities of marketable securities

SOURCEs

18.4% 81.6%

100 %

USES

17.8% 82.2%

82.2% - Purchases of marketable securities

17.8% - (Purchase) sale of property and equipment

	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
Purchases of marketable securities	-	-	-	-	-	-	-	$45,679	(375,211)	(155,675)	(223,048)	(107,318)	-	(11,667)	(68,982)	(84,340)	(164,989)	(337,360)
Sale of marketable securities	-	-	-	-	-	-	-	-	-	-	-	-	28,986	-	-	-	28,986	-
Maturities of marketable securities	-	-	-	-	-	-	-	-	92,457	151,992	216,261	166,599	170,071	131,345	103,366	83,756	488,538	335,024
(Purchases) sale of investment securities	-	-	-	-	-	-	-	$45,679	-	-	-	-	-	-	-	-	-	-
Purchases of strategic investments	-	-	-	-	-	-	-	-	(15,500)	-	-	-	-	-	(5,300)	-	(5,300)	-
(Purchases) sale of other investments	-	-	-	-	-	-	-	-	-	-	-	-	(3,000)	(241)	-	-	(3,241)	-
(Purchase) sale of property and equipment	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	(15,237)	(14,554)	(12,280)	(29,975)	(26,389)	(18,362)	(19,393)	(18,251)	(82,395)	(73,004)
Acquisitions	-	-	-	$45,679	-	-	$45,679	$45,679	-	-	-	-	-	(180,370)	-	-	(180,370)	-
Sale of businesses	-	$45,679	$45,679	$45,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	($313,491)	($18,237)	($19,067)	$29,306	$169,668	($79,295)	$9,691	($18,835)	$81,229	($75,340)

Selected Quarter:

31-Jan
2021

Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.

85.7% - Issuance of senior convertible notes

1.2% - Issuance of common stock from exercise of stock options

SOURCEs

13.1% 85.7%

100 %

USES

47.1% 48.6% 4.0%

48.6% - Repayment of convertible senior notes

47.1% - Payment of tax withholding obligation on RSU settlement and ESPP purchase

4.0% - Purchase of convertible senior notes capped call

0.3% - Revolving credit facility costs

	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
Initial Public Offering (IPO) net	-	-	-	-	-	$45,679	$45,679	$45,679	-	-	-	-	-	-	-	-	-	-
Issuance of common stock from exercise of stock options Issuance of common stock from exercise of stock options	-	-	-	-	-	-	-	$45,679	-	42,448	19,815	9,914	-	13,038	1,945	9,322	24,305	37,288
Proceeds from issuance of common stock upon exercise of stock options Proceeds from issuance of common stock upon exercise of stock options	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	32,254	10,194	19,815	9,914	7,635	-	-	-	-	-
Proceeds (payments) related to employee stock compensation plans (ESPP) Proceeds (payments) related to employee stock compensation plans (ESPP)	-	-	-	-	-	-	-	-	10,563	-	13,309	-	13,590	-	16,269	-	29,859	-
Deferred offering costs	-	-	-	$45,679	$45,679	$45,679	$45,679	$45,679	-	-	-	-	-	-	-	-	-	-
Issuance of senior convertible notes	-	-	-	-	-	-	$45,679	$45,679	-	-	-	-	-	-	-	677,370	677,370	2,709,480
Repayment of convertible senior notes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	(384,199)	(384,199)	(1,536,796)
Revolving credit facility costs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	(2,453)	(2,453)	(9,812)
Holdback payment for prior business acquisition	-	-	$45,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of tax withholding obligation on RSU settlement and ESPP purchase Payment of tax withholding obligation on RSU settlement and ESPP purchase	-	-	-	-	-	-	-	$45,679	-	-	-	(166,504)	-	-	-	(372,463)	(372,463)	(1,489,852)
Employee withholding taxes paid upon settlement of restricted stock units Employee withholding taxes paid upon settlement of restricted stock units	-	-	-	-	-	-	-	$45,679	(56,137)	(29,841)	(39,310)	(41,216)	(46,723)	(87,137)	(113,417)	-	-	-
Purchase of convertible senior notes capped call	-	-	-	-	-	-	$45,679	$45,679	-	-	-	-	-	-	-	(31,395)	(31,395)	(125,580)
Other financing activities	-	-	-	$45,679	-	-	-	$45,679	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	($13,320)	($19,647)	($6,186)	($31,302)	($25,498)	($81,734)	($95,203)	$143,459	($58,976)	$573,836

Selected Quarter:

31-Jan
2021

Grand Total for sum of cash flows coming from operations, investing and financing

$191,071,000

	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
Cash and equivalents - Beginning of period	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$518,178	-	-	$198,111	$241,483	-	-	$375,265	-	$1,501,060
Effect of changes in foreign exchange rates on cash	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	(379)	(741)	810	(137)	(2,280)	4,920	(1,208)	4,214	-	16,856
(Decrease) increase in cash and cash equivalents	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	(281,535)	(12,220)	(26,312)	43,372	201,034	(37,975)	(29,277)	191,071	-	764,284
Cash and equivalents - End of period	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$236,643	($12,220)	($26,312)	$241,483	$442,517	($37,975)	($29,277)	$566,336	-	$2,265,344

DocuSign Inc

Short Description

Statement of Cash Flow