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10-Q Filing

8X8 INC /DE/ CIK: 1023731 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001136261-16-000571
Period End Date 20160630
Filing Date 20160729
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance eght-20160630.xml
Filing Contents
Balance Sheet 65 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $33.58M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $53.11M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $27.47M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $29.30M USD Point-in-time
Short-term investments ShortTermInvestments $139.61M USD Point-in-time
Short-term investments ShortTermInvestments $129.27M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $11.54M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $11.07M USD Point-in-time
Inventory InventoryNet $463.00K USD Point-in-time
Inventory InventoryNet $520.00K USD Point-in-time
Deferred cost of goods sold DeferredCostsCurrent $634.00K USD Point-in-time
Deferred cost of goods sold DeferredCostsCurrent $717.00K USD Point-in-time
Deferred tax asset DeferredTaxAssetsNetCurrent - USD Point-in-time
Deferred tax asset DeferredTaxAssetsNetCurrent $5.38M USD Point-in-time
Other current assets OtherAssetsCurrent $5.10M USD Point-in-time
Other current assets OtherAssetsCurrent $5.44M USD Point-in-time
Total current assets AssetsCurrent $185.90M USD Point-in-time
Total current assets AssetsCurrent $184.89M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $13.02M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $12.38M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $19.53M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $21.46M USD Point-in-time
Goodwill Goodwill $47.42M USD Point-in-time
Goodwill Goodwill $45.93M USD Point-in-time
Non-current deferred tax asset NoncurrentDeferredTaxAssetNet $43.19M USD Point-in-time
Non-current deferred tax asset NoncurrentDeferredTaxAssetNet $48.53M USD Point-in-time
Other assets OtherAssetsNoncurrent $3.10M USD Point-in-time
Other assets OtherAssetsNoncurrent $3.75M USD Point-in-time
Total assets Assets $315.65M USD Point-in-time
Total assets Assets $313.45M USD Point-in-time
Accounts payable AccountsPayableCurrent $10.95M USD Point-in-time
Accounts payable AccountsPayableCurrent $12.65M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $10.06M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $9.63M USD Point-in-time
Accrued warranty AccountsPayableAndOtherAccruedLiabilitiesCurrent $326.00K USD Point-in-time
Accrued warranty AccountsPayableAndOtherAccruedLiabilitiesCurrent $340.00K USD Point-in-time
Accrued taxes AccruedIncomeTaxesCurrent $5.39M USD Point-in-time
Accrued taxes AccruedIncomeTaxesCurrent $5.20M USD Point-in-time
Accrued outside commissions AccruedSalesCommissionCurrent $2.07M USD Point-in-time
Accrued outside commissions AccruedSalesCommissionCurrent $2.19M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $2.12M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $1.93M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $4.08M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $3.23M USD Point-in-time
Total current liabilities LiabilitiesCurrent $35.43M USD Point-in-time
Total current liabilities LiabilitiesCurrent $34.73M USD Point-in-time
Non-current liabilities OtherLiabilitiesNoncurrent $3.11M USD Point-in-time
Non-current liabilities OtherLiabilitiesNoncurrent $3.26M USD Point-in-time
Non-current deferred revenue DeferredRevenueNoncurrent $134.00K USD Point-in-time
Non-current deferred revenue DeferredRevenueNoncurrent $154.00K USD Point-in-time
Total liabilities Liabilities $38.67M USD Point-in-time
Total liabilities Liabilities $38.15M USD Point-in-time
Commitments and contingencies (Note 6) CommitmentsAndContingencies - USD Point-in-time
Common stock CommonStockValue $89.00K USD Point-in-time
Common stock CommonStockValue $89.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $389.26M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $394.10M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.18M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-6.82M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-110.39M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-109.86M USD Point-in-time
Total stockholders' equity StockholdersEquity $276.98M USD Point-in-time
Total stockholders' equity StockholdersEquity $275.31M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $315.65M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $313.45M USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Service revenue SalesRevenueServicesGross $44.17M USD 1 Quarter
Service revenue SalesRevenueServicesGross $55.30M USD 1 Quarter
Product revenue SalesRevenueGoodsNet $4.75M USD 1 Quarter
Product revenue SalesRevenueGoodsNet $3.72M USD 1 Quarter
Total revenue Revenues $47.89M USD 1 Quarter
Total revenue Revenues $60.04M USD 1 Quarter
Cost of service revenue CostOfServices $8.46M USD 1 Quarter
Cost of service revenue CostOfServices $10.23M USD 1 Quarter
Cost of product revenue CostOfGoodsSold $5.50M USD 1 Quarter
Cost of product revenue CostOfGoodsSold $4.38M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $5.08M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $6.71M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $31.69M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $23.82M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $6.07M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $6.80M USD 1 Quarter
Total operating expenses OperatingExpenses $60.94M USD 1 Quarter
Total operating expenses OperatingExpenses $47.81M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $-901.00K USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $79.00K USD 1 Quarter
Other income, net NonoperatingIncomeExpense $234.00K USD 1 Quarter
Other income, net NonoperatingIncomeExpense $410.00K USD 1 Quarter
Income (loss) before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $313.00K USD 1 Quarter
Income (loss) before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-491.00K USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $785.00K USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $37.00K USD 1 Quarter
Net loss NetIncomeLoss $-472.00K USD 1 Quarter
Net loss NetIncomeLoss $-528.00K USD 1 Quarter
Basic EarningsPerShareBasic $-0.01 USD 1 Quarter
Basic EarningsPerShareBasic $-0.01 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.01 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.01 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 89.43M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 88.23M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 89.43M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 88.23M shares 1 Quarter
Cash Flow Statement 80 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-472.00K USD 1 Quarter
Net loss NetIncomeLoss $-528.00K USD 1 Quarter
Depreciation Depreciation $1.47M USD 1 Quarter
Depreciation Depreciation $993.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $960.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $546.00K USD 1 Quarter
Amortization of capitalized software OtherDepreciationAndAmortization $146.00K USD 1 Quarter
Amortization of capitalized software OtherDepreciationAndAmortization $456.00K USD 1 Quarter
Net accretion of discount and amortization of premium on marketable securities AccretionExpense $100.00K USD 1 Quarter
Net accretion of discount and amortization of premium on marketable securities AccretionExpense $236.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $5.05M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $3.02M USD 1 Quarter
Deferred income tax (benefit) provision DeferredIncomeTaxExpenseBenefit $476.00K USD 1 Quarter
Deferred income tax (benefit) provision DeferredIncomeTaxExpenseBenefit $-44.00K USD 1 Quarter
Other OtherNoncashExpense $190.00K USD 1 Quarter
Other OtherNoncashExpense $74.00K USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $612.00K USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $1.04M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-88.00K USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-53.00K USD 1 Quarter
Other current and noncurrent assets IncreaseDecreaseInOtherOperatingAssets $508.00K USD 1 Quarter
Other current and noncurrent assets IncreaseDecreaseInOtherOperatingAssets $470.00K USD 1 Quarter
Deferred cost of goods sold IncreaseDecreaseInDeferredCharges $120.00K USD 1 Quarter
Deferred cost of goods sold IncreaseDecreaseInDeferredCharges $53.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $1.14M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $933.00K USD 1 Quarter
Accrued compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-354.00K USD 1 Quarter
Accrued compensation IncreaseDecreaseInEmployeeRelatedLiabilities $725.00K USD 1 Quarter
Accrued warranty IncreaseDecreaseInOtherCurrentLiabilities $14.00K USD 1 Quarter
Accrued warranty IncreaseDecreaseInOtherCurrentLiabilities $3.00K USD 1 Quarter
Accrued taxes IncreaseDecreaseInAccruedTaxesPayable $492.00K USD 1 Quarter
Accrued taxes IncreaseDecreaseInAccruedTaxesPayable $240.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-704.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $211.00K USD 1 Quarter
Accrued outside commissions IncreaseDecreaseInOtherAccruedLiabilities $-116.00K USD 1 Quarter
Accrued outside commissions IncreaseDecreaseInOtherAccruedLiabilities $199.00K USD 1 Quarter
Other current and noncurrent liabilities IncreaseDecreaseInOtherOperatingLiabilities $-1.27M USD 1 Quarter
Other current and noncurrent liabilities IncreaseDecreaseInOtherOperatingLiabilities $-324.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $6.54M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $4.66M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.60M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.07M USD 1 Quarter
Purchase of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $23.43M USD 1 Quarter
Purchase of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Cost of capitalized software PaymentsForSoftware $471.00K USD 1 Quarter
Cost of capitalized software PaymentsForSoftware $707.00K USD 1 Quarter
Proceeds from maturity of investments ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments $17.02M USD 1 Quarter
Proceeds from maturity of investments ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments $7.82M USD 1 Quarter
Sales of investments - available for sale ProceedsFromSaleAndMaturityOfMarketableSecurities $15.32M USD 1 Quarter
Sales of investments - available for sale ProceedsFromSaleAndMaturityOfMarketableSecurities $22.62M USD 1 Quarter
Purchase of investments - available for sale PaymentsToAcquireMarketableSecurities $34.41M USD 1 Quarter
Purchase of investments - available for sale PaymentsToAcquireMarketableSecurities $42.62M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-28.95M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-12.59M USD 1 Quarter
Capital lease payments RepaymentsOfLongTermCapitalLeaseObligations $54.00K USD 1 Quarter
Capital lease payments RepaymentsOfLongTermCapitalLeaseObligations $182.00K USD 1 Quarter
Payment of contingent consideration and escrow RepaymentsOfOtherDebt $200.00K USD 1 Quarter
Payment of contingent consideration and escrow RepaymentsOfOtherDebt - USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $629.00K USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $25.00K USD 1 Quarter
Proceeds from issuance of common stock under employee stock plans ProceedsFromStockPlans $1.04M USD 1 Quarter
Proceeds from issuance of common stock under employee stock plans ProceedsFromStockPlans $336.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $257.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $28.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-87.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $218.00K USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-23.81M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-6.11M USD 1 Quarter
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $33.58M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $53.11M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $27.47M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $29.30M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $33.58M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $53.11M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $27.47M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $29.30M USD Point-in-time
Income taxes paid IncomeTaxesPaid $87.00K USD 1 Quarter
Income taxes paid IncomeTaxesPaid $52.00K USD 1 Quarter
Interest paid InterestPaid $7.00K USD 1 Quarter
Interest paid InterestPaid $6.00K USD 1 Quarter
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-472.00K USD 1 Quarter
Net loss NetIncomeLoss $-528.00K USD 1 Quarter
Unrealized gain (loss) on investments in securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent $-48.00K USD 1 Quarter
Unrealized gain (loss) on investments in securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent $146.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $1.48M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-2.78M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-3.17M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $958.00K USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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