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10-Q Filing

8X8 INC /DE/ CIK: 1023731 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001136261-17-000162
Period End Date 20170630
Filing Date 20170803
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance eght-20170630.xml
Filing Contents
Balance Sheet 53 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $41.03M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $53.17M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $33.58M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $27.47M USD Point-in-time
Short-term investments ShortTermInvestments $133.96M USD Point-in-time
Short-term investments ShortTermInvestments $124.63M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $14.26M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $14.48M USD Point-in-time
Other current assets OtherAssetsCurrent $8.10M USD Point-in-time
Other current assets OtherAssetsCurrent $9.82M USD Point-in-time
Total current assets AssetsCurrent $202.10M USD Point-in-time
Total current assets AssetsCurrent $197.35M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $26.97M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $24.06M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $17.04M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $15.95M USD Point-in-time
Goodwill Goodwill $46.93M USD Point-in-time
Goodwill Goodwill $46.14M USD Point-in-time
Non-current deferred income taxes DeferredTaxAssetsNetNoncurrent $48.86M USD Point-in-time
Non-current deferred income taxes DeferredTaxAssetsNetNoncurrent $67.76M USD Point-in-time
Other assets OtherAssetsNoncurrent $432.00K USD Point-in-time
Other assets OtherAssetsNoncurrent $407.00K USD Point-in-time
Total assets Assets $333.86M USD Point-in-time
Total assets Assets $360.15M USD Point-in-time
Accounts payable AccountsPayableCurrent $18.63M USD Point-in-time
Accounts payable AccountsPayableCurrent $20.51M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $11.51M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $12.20M USD Point-in-time
Accrued taxes AccruedIncomeTaxesCurrent $5.35M USD Point-in-time
Accrued taxes AccruedIncomeTaxesCurrent $6.73M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $2.14M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $2.12M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $4.86M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $5.71M USD Point-in-time
Total current liabilities LiabilitiesCurrent $43.34M USD Point-in-time
Total current liabilities LiabilitiesCurrent $46.42M USD Point-in-time
Non-current liabilities OtherLiabilitiesNoncurrent $1.90M USD Point-in-time
Non-current liabilities OtherLiabilitiesNoncurrent $1.91M USD Point-in-time
Total liabilities Liabilities $48.33M USD Point-in-time
Total liabilities Liabilities $45.25M USD Point-in-time
Commitments and contingencies (Note 5) CommitmentsAndContingencies - USD Point-in-time
Common stock CommonStockValue $91.00K USD Point-in-time
Common stock CommonStockValue $91.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $418.69M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $412.76M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-9.64M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-7.82M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-114.61M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-99.14M USD Point-in-time
Total stockholders' equity StockholdersEquity $311.82M USD Point-in-time
Total stockholders' equity StockholdersEquity $288.60M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $360.15M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $333.86M USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Service revenue SalesRevenueServicesGross $55.30M USD 1 Quarter
Service revenue SalesRevenueServicesGross $65.09M USD 1 Quarter
Product revenue SalesRevenueGoodsNet $4.75M USD 1 Quarter
Product revenue SalesRevenueGoodsNet $4.01M USD 1 Quarter
Total revenue Revenues $69.10M USD 1 Quarter
Total revenue Revenues $60.04M USD 1 Quarter
Cost of service revenue CostOfServices $10.23M USD 1 Quarter
Cost of service revenue CostOfServices $11.66M USD 1 Quarter
Cost of product revenue CostOfGoodsSold $4.88M USD 1 Quarter
Cost of product revenue CostOfGoodsSold $5.50M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $6.71M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $7.94M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $31.69M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $41.11M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $6.80M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $8.96M USD 1 Quarter
Total operating expenses OperatingExpenses $74.56M USD 1 Quarter
Total operating expenses OperatingExpenses $60.94M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-5.46M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-901.00K USD 1 Quarter
Other income, net NonoperatingIncomeExpense $410.00K USD 1 Quarter
Other income, net NonoperatingIncomeExpense $2.05M USD 1 Quarter
Loss before provision (benefit) for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-491.00K USD 1 Quarter
Loss before provision (benefit) for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-3.40M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $-1.24M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $37.00K USD 1 Quarter
Net loss NetIncomeLoss $-2.17M USD 1 Quarter
Net loss NetIncomeLoss $-528.00K USD 1 Quarter
Basic EarningsPerShareBasic $-0.02 USD 1 Quarter
Basic EarningsPerShareBasic $-0.01 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.01 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.02 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 91.64M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 89.43M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 91.64M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 89.43M shares 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-2.17M USD 1 Quarter
Net loss NetIncomeLoss $-528.00K USD 1 Quarter
Depreciation Depreciation $1.47M USD 1 Quarter
Depreciation Depreciation $1.90M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $960.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $1.52M USD 1 Quarter
Amortization of capitalized software OtherDepreciationAndAmortization $146.00K USD 1 Quarter
Amortization of capitalized software OtherDepreciationAndAmortization $308.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $6.35M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $5.05M USD 1 Quarter
Deferred income tax benefit DeferredIncomeTaxExpenseBenefit $-44.00K USD 1 Quarter
Deferred income tax benefit DeferredIncomeTaxExpenseBenefit $-1.49M USD 1 Quarter
Gain on escrow settlement OtherNoncashIncome $1.39M USD 1 Quarter
Gain on escrow settlement OtherNoncashIncome - USD 1 Quarter
Other OtherNoncashExpense $290.00K USD 1 Quarter
Other OtherNoncashExpense $101.00K USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $1.04M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $147.00K USD 1 Quarter
Other current and noncurrent assets IncreaseDecreaseInOtherOperatingAssets $575.00K USD 1 Quarter
Other current and noncurrent assets IncreaseDecreaseInOtherOperatingAssets $1.62M USD 1 Quarter
Accounts payable and accruals IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $2.89M USD 1 Quarter
Accounts payable and accruals IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $597.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-61.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $211.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $6.18M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $6.54M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.60M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.29M USD 1 Quarter
Proceeds from escrow settlement ProceedsFromCollectionOfOtherReceivables - USD 1 Quarter
Proceeds from escrow settlement ProceedsFromCollectionOfOtherReceivables $1.39M USD 1 Quarter
Cost of capitalized software PaymentsForSoftware $2.12M 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 $25.45M USD 1 Quarter
Sales of investments - available for sale ProceedsFromSaleAndMaturityOfMarketableSecurities $15.32M USD 1 Quarter
Sales of investments - available for sale ProceedsFromSaleAndMaturityOfMarketableSecurities $5.25M USD 1 Quarter
Purchase of investments - available for sale PaymentsToAcquireMarketableSecurities $21.33M USD 1 Quarter
Purchase of investments - available for sale PaymentsToAcquireMarketableSecurities $42.62M USD 1 Quarter
Net cash provided by (used) in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-12.59M USD 1 Quarter
Net cash provided by (used) in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $6.35M USD 1 Quarter
Capital lease payments RepaymentsOfLongTermCapitalLeaseObligations $182.00K USD 1 Quarter
Capital lease payments RepaymentsOfLongTermCapitalLeaseObligations $351.00K 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 and withholding of common stock PaymentsForRepurchaseOfCommonStock $1.05M USD 1 Quarter
Repurchase and withholding of common stock PaymentsForRepurchaseOfCommonStock $629.00K USD 1 Quarter
Proceeds from issuance of common stock under employee stock plans ProceedsFromStockPlans $720.00K USD 1 Quarter
Proceeds from issuance of common stock under employee stock plans ProceedsFromStockPlans $1.04M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $28.00K USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-685.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-87.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $294.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $12.14M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-6.11M USD 1 Quarter
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $41.03M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $53.17M USD Point-in-time
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 $27.47M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $41.03M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $53.17M 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 $27.47M USD Point-in-time
Income taxes paid IncomeTaxesPaid $87.00K USD 1 Quarter
Income taxes paid IncomeTaxesPaid $69.00K USD 1 Quarter
Interest paid InterestPaid $7.00K USD 1 Quarter
Interest paid InterestPaid $7.00K USD 1 Quarter
Property and equipment acquired under capital leases CapitalLeaseObligationsIncurred - USD 1 Quarter
Property and equipment acquired under capital leases CapitalLeaseObligationsIncurred $765.00K USD 1 Quarter
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-2.17M USD 1 Quarter
Net loss NetIncomeLoss $-528.00K USD 1 Quarter
Unrealized gain on investments in securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent $146.00K USD 1 Quarter
Unrealized gain on investments in securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent $27.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $1.79M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-2.78M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-351.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-3.17M USD 1 Quarter

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

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