10-Q Filing

8X8 INC /DE/ CIK: 1023731 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001136261-17-000248`
Period End Date	20170930
Filing Date	20171102
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	eght-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 72 Cash Flow Statement 70 Comprehensive Income 16

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.58M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$132.48M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$133.96M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$14.26M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.18M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.10M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$194.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$197.35M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$29.60M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$24.06M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$14.96M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$17.04M	USD	Point-in-time
Goodwill	`Goodwill`	$46.14M	USD	Point-in-time
Goodwill	`Goodwill`	$47.52M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$71.14M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$48.86M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$417.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$407.00K	USD	Point-in-time
Total assets	`Assets`	$357.84M	USD	Point-in-time
Total assets	`Assets`	$333.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.63M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$15.78M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$11.51M	USD	Point-in-time
Accrued taxes	`AccruedIncomeTaxesCurrent`	$5.29M	USD	Point-in-time
Accrued taxes	`AccruedIncomeTaxesCurrent`	$5.35M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$2.14M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$2.52M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$5.63M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$5.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$49.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.34M	USD	Point-in-time
Non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.56M	USD	Point-in-time
Non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$50.90M	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`	$92.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$412.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$412.96M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.43M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-114.61M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-99.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$306.94M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$288.60M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$357.84M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$333.86M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Service revenue	`SalesRevenueServicesGross`	$68.12M	USD	1 Quarter
Service revenue	`SalesRevenueServicesGross`	$57.72M	USD	1 Quarter
Service revenue	`SalesRevenueServicesGross`	$113.01M	USD	2 Qtrs
Service revenue	`SalesRevenueServicesGross`	$133.21M	USD	2 Qtrs
Product revenue	`SalesRevenueGoodsNet`	$5.47M	USD	1 Quarter
Product revenue	`SalesRevenueGoodsNet`	$8.37M	USD	2 Qtrs
Product revenue	`SalesRevenueGoodsNet`	$10.21M	USD	2 Qtrs
Product revenue	`SalesRevenueGoodsNet`	$4.36M	USD	1 Quarter
Total revenue	`Revenues`	$123.22M	USD	2 Qtrs
Total revenue	`Revenues`	$63.18M	USD	1 Quarter
Total revenue	`Revenues`	$141.58M	USD	2 Qtrs
Total revenue	`Revenues`	$72.48M	USD	1 Quarter
Cost of service revenue	`CostOfServices`	$21.07M	USD	2 Qtrs
Cost of service revenue	`CostOfServices`	$10.84M	USD	1 Quarter
Cost of service revenue	`CostOfServices`	$12.76M	USD	1 Quarter
Cost of service revenue	`CostOfServices`	$24.42M	USD	2 Qtrs
Cost of product revenue	`CostOfGoodsSold`	$9.98M	USD	2 Qtrs
Cost of product revenue	`CostOfGoodsSold`	$5.10M	USD	1 Quarter
Cost of product revenue	`CostOfGoodsSold`	$5.78M	USD	1 Quarter
Cost of product revenue	`CostOfGoodsSold`	$11.29M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$8.31M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$16.25M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$6.50M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.21M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$65.38M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$82.27M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$33.69M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$41.16M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.55M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.62M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.75M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$18.57M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$151.50M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$63.56M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$124.50M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$76.94M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.46M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.92M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.28M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-379.00K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$391.00K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$801.00K	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$2.52M	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$463.00K	USD	1 Quarter
Income (loss) before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.00M	USD	1 Quarter
Income (loss) before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.00K	USD	1 Quarter
Income (loss) before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-479.00K	USD	2 Qtrs
Income (loss) before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.40M	USD	2 Qtrs
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-15.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-4.69M	USD	2 Qtrs
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-3.45M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$22.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-501.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.71M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-546.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$27.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.03	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.03	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	91.69M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	89.17M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	91.67M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	89.99M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	89.17M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	91.67M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	91.69M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.45M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-501.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.71M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-546.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$27.00K	USD	1 Quarter
Depreciation	`Depreciation`	$3.96M	USD	2 Qtrs
Depreciation	`Depreciation`	$2.98M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.81M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.87M	USD	2 Qtrs
Amortization of capitalized software	`OtherDepreciationAndAmortization`	$296.00K	USD	2 Qtrs
Amortization of capitalized software	`OtherDepreciationAndAmortization`	$581.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$9.56M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$13.01M	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-153.00K	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.86M	USD	2 Qtrs
Gain on escrow settlement	`OtherNoncashIncome`	-	USD	2 Qtrs
Gain on escrow settlement	`OtherNoncashIncome`	$1.39M	USD	2 Qtrs
Other	`OtherNoncashExpense`	$761.00K	USD	2 Qtrs
Other	`OtherNoncashExpense`	$499.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.18M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.86M	USD	2 Qtrs
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.30M	USD	2 Qtrs
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.48M	USD	2 Qtrs
Accounts payable and accruals	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.40M	USD	2 Qtrs
Accounts payable and accruals	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.67M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$367.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$286.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$11.17M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.42M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.23M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.02M	USD	2 Qtrs
Proceeds from escrow settlement	`ProceedsFromCollectionOfOtherReceivables`	-	USD	2 Qtrs
Proceeds from escrow settlement	`ProceedsFromCollectionOfOtherReceivables`	$1.39M	USD	2 Qtrs
Cost of capitalized software	`PaymentsForSoftware`	$5.20M	USD	2 Qtrs
Cost of capitalized software	`PaymentsForSoftware`	$2.44M	USD	2 Qtrs
Proceeds from maturity of investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$29.23M	USD	2 Qtrs
Proceeds from maturity of investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$45.85M	USD	2 Qtrs
Sales of investments - available for sale	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$13.25M	USD	2 Qtrs
Sales of investments - available for sale	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$26.86M	USD	2 Qtrs
Purchase of investments - available for sale	`PaymentsToAcquireMarketableSecurities`	$57.56M	USD	2 Qtrs
Purchase of investments - available for sale	`PaymentsToAcquireMarketableSecurities`	$64.52M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.29M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-16.10M	USD	2 Qtrs
Capital lease payments	`RepaymentsOfLongTermCapitalLeaseObligations`	$616.00K	USD	2 Qtrs
Capital lease payments	`RepaymentsOfLongTermCapitalLeaseObligations`	$333.00K	USD	2 Qtrs
Payment of contingent consideration	`RepaymentsOfOtherDebt`	$200.00K	USD	2 Qtrs
Payment of contingent consideration	`RepaymentsOfOtherDebt`	$150.00K	USD	2 Qtrs
Repurchase and tax-related withholding of common stock	`PaymentsForRepurchaseOfCommonStock`	$842.00K	USD	2 Qtrs
Repurchase and tax-related withholding of common stock	`PaymentsForRepurchaseOfCommonStock`	$13.84M	USD	2 Qtrs
Proceeds from issuance of common stock under employee stock plans	`ProceedsFromStockPlans`	$2.60M	USD	2 Qtrs
Proceeds from issuance of common stock under employee stock plans	`ProceedsFromStockPlans`	$2.79M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-11.82M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.23M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-29.00K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$474.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.46M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.48M	USD	2 Qtrs
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$32.09M	USD	Point-in-time
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`	$34.57M	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 end of the period	`CashAndCashEquivalentsAtCarryingValue`	$32.09M	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`	$34.57M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$33.58M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$286.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$174.00K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$12.00K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$16.00K	USD	2 Qtrs
Property and equipment acquired under capital leases	`CapitalLeaseObligationsIncurred`	$823.00K	USD	2 Qtrs
Property and equipment acquired under capital leases	`CapitalLeaseObligationsIncurred`	$765.00K	USD	2 Qtrs

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-501.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.71M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-546.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$27.00K	USD	1 Quarter
Unrealized gain (loss) on investments in securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$-39.00K	USD	1 Quarter
Unrealized gain (loss) on investments in securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$107.00K	USD	2 Qtrs
Unrealized gain (loss) on investments in securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$198.00K	USD	1 Quarter
Unrealized gain (loss) on investments in securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$225.00K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.50M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$1.19M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-4.28M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$2.98M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$844.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$493.00K	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-4.68M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-1.51M	USD	1 Quarter

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