10-Q Filing

MARCHEX INC CIK: 1224133 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-284947`
Period End Date	20150630
Filing Date	20150810
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	mchx-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 98 Cash Flow Statement 58

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.03M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$25.94M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$30.51M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.62M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.14M	USD	Point-in-time
Refundable taxes	`IncomeTaxesReceivable`	$131.00K	USD	Point-in-time
Refundable taxes	`IncomeTaxesReceivable`	$120.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$109.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$137.68M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.43M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.47M	USD	Point-in-time
Intangible and other assets, net	`OtherAssets`	$245.00K	USD	Point-in-time
Intangible and other assets, net	`OtherAssets`	$313.00K	USD	Point-in-time
Goodwill	`Goodwill`	$63.30M	USD	Point-in-time
Goodwill	`Goodwill`	$65.68M	USD	Point-in-time
Total assets	`Assets`	$207.70M	USD	Point-in-time
Total assets	`Assets`	$180.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.77M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$7.94M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$7.51M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$2.12M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$22.62M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.12M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$898.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$24.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.51M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$144.00K	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$2.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$348.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$348.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-164.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-190.24M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$184.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$156.15M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$207.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$180.67M	USD	Point-in-time

Income Statement 98 line items

Line Item	Tag	Value	Unit	Period
Service costs	`AmortizationOfIntangibleAssetsFromAcquisitionsServiceCosts`	$434.00K	USD	2 Qtrs
Service costs	`AmortizationOfIntangibleAssetsFromAcquisitionsServiceCosts`	$31.00K	USD	1 Quarter
Revenue	`Revenues`	$95.14M	USD	2 Qtrs
Revenue	`Revenues`	$47.04M	USD	1 Quarter
Revenue	`Revenues`	$71.26M	USD	2 Qtrs
Revenue	`Revenues`	$35.35M	USD	1 Quarter
Service costs	`CostOfServices`	$39.16M	USD	2 Qtrs
Service costs	`CostOfServices`	$19.80M	USD	1 Quarter
Service costs	`CostOfServices`	$62.96M	USD	2 Qtrs
Service costs	`CostOfServices`	$31.45M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$5.95M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$4.25M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$7.70M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$2.71M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$8.15M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$7.46M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$15.84M	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$15.02M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.20M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.75M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.39M	USD	1 Quarter
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$434.00K	USD	2 Qtrs
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$31.00K	USD	1 Quarter
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$118.00K	USD	1 Quarter
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$-68.00K	USD	1 Quarter
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$-68.00K	USD	2 Qtrs
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$118.00K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$73.03M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$46.97M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$36.81M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$95.03M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-1.47M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$103.00K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-1.77M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$69.00K	USD	1 Quarter
Interest and line of credit expense	`InterestAndDebtExpense`	$37.00K	USD	2 Qtrs
Interest and line of credit expense	`InterestAndDebtExpense`	$18.00K	USD	1 Quarter
Interest and line of credit expense	`InterestAndDebtExpense`	$18.00K	USD	1 Quarter
Interest and line of credit expense	`InterestAndDebtExpense`	$37.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$13.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$-4.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$2.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-4.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-41.00K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-22.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-16.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-24.00K	USD	2 Qtrs
Income (loss) from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.81M	USD	2 Qtrs
Income (loss) from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.48M	USD	1 Quarter
Income (loss) from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$47.00K	USD	1 Quarter
Income (loss) from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$79.00K	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-185.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$260.00K	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$149.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-180.00K	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-181.00K	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-1.63M	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-102.00K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-1.30M	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$-92.00K	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$1.08M	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$5.05M	USD	2 Qtrs
Income (loss) from discontinued operations, net of tax	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$2.02M	USD	2 Qtrs
Gain on sale of discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$22.26M	USD	1 Quarter
Gain on sale of discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$22.03M	USD	2 Qtrs
Discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$22.16M	USD	1 Quarter
Discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$2.02M	USD	2 Qtrs
Discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$27.08M	USD	2 Qtrs
Discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.08M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.83M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$20.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.45M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$980.00K	USD	1 Quarter
Dividends paid to participating securities	`DividendsPaidToParticipatingSecurities`	$69.00K	USD	2 Qtrs
Dividends paid to participating securities	`DividendsPaidToParticipatingSecurities`	$37.00K	USD	2 Qtrs
Dividends paid to participating securities	`DividendsPaidToParticipatingSecurities`	$19.00K	USD	1 Quarter
Dividends paid to participating securities	`DividendsPaidToParticipatingSecurities`	$33.00K	USD	1 Quarter
Net income applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.77M	USD	2 Qtrs
Net income applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$947.00K	USD	1 Quarter
Net income applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$20.85M	USD	1 Quarter
Net income applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$25.41M	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.03	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	2 Qtrs
Discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.02	USD	1 Quarter
Discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.66	USD	2 Qtrs
Discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.05	USD	2 Qtrs
Discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.53	USD	1 Quarter
Basic and diluted net income per share applicable to Class A and Class B common stockholders	`EarningsPerShareBasicAndDiluted`	$0.62	USD	2 Qtrs
Basic and diluted net income per share applicable to Class A and Class B common stockholders	`EarningsPerShareBasicAndDiluted`	$0.50	USD	1 Quarter
Basic and diluted net income per share applicable to Class A and Class B common stockholders	`EarningsPerShareBasicAndDiluted`	$0.02	USD	1 Quarter
Basic and diluted net income per share applicable to Class A and Class B common stockholders	`EarningsPerShareBasicAndDiluted`	$0.05	USD	2 Qtrs
Dividends paid per share	`CommonStockDividendsPerShareCashPaid`	$0.04	USD	2 Qtrs
Dividends paid per share	`CommonStockDividendsPerShareCashPaid`	$0.02	USD	1 Quarter
Dividends paid per share	`CommonStockDividendsPerShareCashPaid`	$0.04	USD	2 Qtrs
Dividends paid per share	`CommonStockDividendsPerShareCashPaid`	$0.02	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.83M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$20.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.45M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$980.00K	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$2.29M	USD	2 Qtrs
Amortization and depreciation	`DepreciationAndAmortization`	$1.83M	USD	2 Qtrs
Acquisition and disposition related costs	`OtherNoncashIncomeExpense`	$68.00K	USD	2 Qtrs
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$235.00K	USD	2 Qtrs
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$649.00K	USD	2 Qtrs
Gain on sale of discontinued operations	`DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax`	$22.20M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$6.00M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$5.46M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.28M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$5.34M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$4.81M	USD	2 Qtrs
Refundable taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-11.00K	USD	2 Qtrs
Refundable taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.00K	USD	2 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$92.00K	USD	2 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$131.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.92M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-299.00K	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$272.00K	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-88.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-812.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$800.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-171.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-220.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.44M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.37M	USD	2 Qtrs
Proceeds from sale of discontinued operations, net of costs	`ProceedsFromSaleOfDiscontinuedOperations`	$25.76M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.19M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.88M	USD	2 Qtrs
Purchases of intangible assets and changes in other non-current assets	`PaymentsToAcquireIntangibleAssets`	$39.00K	USD	2 Qtrs
Purchases of intangible assets and changes in other non-current assets	`PaymentsToAcquireIntangibleAssets`	$162.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$22.84M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.35M	USD	2 Qtrs
Proceeds from offering, net	`ProceedsFromIssuanceOfCommonStock`	$32.67M	USD	2 Qtrs
Tax withholding related to restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$467.00K	USD	2 Qtrs
Tax withholding related to restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$74.00K	USD	2 Qtrs
Common stock dividend payments	`PaymentsOfDividendsCommonStock`	$1.62M	USD	2 Qtrs
Common stock dividend payments	`PaymentsOfDividendsCommonStock`	$1.69M	USD	2 Qtrs
Repurchase of Class B common stock	`PaymentsForRepurchaseOfCommonStock`	$1.28M	USD	2 Qtrs
Proceeds from exercises of stock options and issuance of restricted stock to employees, net of repurchases of forfeited unvested restricted stock	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$116.00K	USD	2 Qtrs
Proceeds from exercises of stock options and issuance of restricted stock to employees, net of repurchases of forfeited unvested restricted stock	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.40M	USD	2 Qtrs
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$50.00K	USD	2 Qtrs
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$29.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.88M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$34.02M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.40M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$44.04M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.91M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$104.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$80.03M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.91M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$104.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$74.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$80.03M	USD	Point-in-time

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