10-Q Filing

MARCHEX INC CIK: 1224133 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193125-16-676834`
Period End Date	20160630
Filing Date	20160809
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	mchx-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 86 Cash Flow Statement 56

Balance Sheet 41 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.78M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$25.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$24.62M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.39M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.78M	USD	Point-in-time
Refundable taxes	`IncomeTaxesReceivable`	$127.00K	USD	Point-in-time
Refundable taxes	`IncomeTaxesReceivable`	$124.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$133.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$135.69M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.78M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.45M	USD	Point-in-time
Intangible and other assets, net	`OtherAssets`	$222.00K	USD	Point-in-time
Intangible and other assets, net	`OtherAssets`	$222.00K	USD	Point-in-time
Goodwill	`Goodwill`	$63.30M	USD	Point-in-time
Total assets	`Assets`	$138.27M	USD	Point-in-time
Total assets	`Assets`	$204.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.61M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$7.58M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$6.71M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$692.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$333.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.53M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$407.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$662.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$17.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.94M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$95.00K	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$238.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$355.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$350.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-235.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-163.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$187.47M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$120.33M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$138.27M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$204.99M	USD	Point-in-time

Income Statement 86 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$35.35M	USD	1 Quarter
Revenue	`Revenues`	$71.26M	USD	2 Qtrs
Revenue	`Revenues`	$34.41M	USD	1 Quarter
Revenue	`Revenues`	$70.40M	USD	2 Qtrs
Service costs	`CostOfServices`	$39.16M	USD	2 Qtrs
Service costs	`CostOfServices`	$19.80M	USD	1 Quarter
Service costs	`CostOfServices`	$20.48M	USD	1 Quarter
Service costs	`CostOfServices`	$42.46M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$5.65M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$7.70M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$4.25M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$11.17M	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$7.55M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$15.03M	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$8.15M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$15.84M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.49M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.20M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.83M	USD	1 Quarter
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$308.00K	USD	2 Qtrs
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$118.00K	USD	1 Quarter
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$304.00K	USD	1 Quarter
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$118.00K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$39.82M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$73.03M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$36.81M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$79.46M	USD	2 Qtrs
Impairment of goodwill	`GoodwillImpairmentLoss`	$63.30M	USD	2 Qtrs
Impairment of goodwill	`GoodwillImpairmentLoss`	$63.30M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.77M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-72.37M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-68.71M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.47M	USD	1 Quarter
Interest and line of credit expense	`InterestAndDebtExpense`	$38.00K	USD	2 Qtrs
Interest and line of credit expense	`InterestAndDebtExpense`	$37.00K	USD	2 Qtrs
Interest and line of credit expense	`InterestAndDebtExpense`	$34.00K	USD	1 Quarter
Interest and line of credit expense	`InterestAndDebtExpense`	$18.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-37.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-4.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-34.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$2.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-68.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-41.00K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-16.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-75.00K	USD	2 Qtrs
Loss from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.48M	USD	1 Quarter
Loss from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.81M	USD	2 Qtrs
Loss from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-68.78M	USD	1 Quarter
Loss from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-72.44M	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-185.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$25.00K	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$12.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-180.00K	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-68.79M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-1.30M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-1.63M	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-72.47M	USD	2 Qtrs
Income (loss) from discontinued operations, net of tax	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$5.05M	USD	2 Qtrs
Income (loss) from discontinued operations, net of tax	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$-92.00K	USD	1 Quarter
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`	$27.08M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-72.47M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$20.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-68.79M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$25.45M	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
Net income (loss) applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$20.85M	USD	1 Quarter
Net income (loss) applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-68.79M	USD	1 Quarter
Net income (loss) applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$25.41M	USD	2 Qtrs
Net income (loss) applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-72.47M	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-1.75	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.03	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-1.65	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	2 Qtrs
Discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.53	USD	1 Quarter
Discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.66	USD	2 Qtrs
Basic and diluted net income (loss) per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-1.75	USD	2 Qtrs
Basic and diluted net income (loss) per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$0.62	USD	2 Qtrs
Basic and diluted net income (loss) per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-1.65	USD	1 Quarter
Basic and diluted net income (loss) per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$0.50	USD	1 Quarter
Dividends paid per share	`CommonStockDividendsPerShareCashPaid`	$0.02	USD	1 Quarter
Dividends paid per share	`CommonStockDividendsPerShareCashPaid`	$0.04	USD	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-72.47M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$20.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-68.79M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$25.45M	USD	2 Qtrs
Amortization and depreciation	`DepreciationAndAmortization`	$1.69M	USD	2 Qtrs
Amortization and depreciation	`DepreciationAndAmortization`	$1.83M	USD	2 Qtrs
Impairment of goodwill	`GoodwillImpairmentLoss`	$63.30M	USD	2 Qtrs
Impairment of goodwill	`GoodwillImpairmentLoss`	$63.30M	USD	1 Quarter
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$235.00K	USD	2 Qtrs
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$627.00K	USD	2 Qtrs
Gain on sale of discontinued operations	`DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax`	$22.20M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$5.46M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$5.47M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$4.81M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.31M	USD	2 Qtrs
Refundable taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-11.00K	USD	2 Qtrs
Refundable taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-3.00K	USD	2 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$131.00K	USD	2 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$600.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-299.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$148.00K	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.10M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-88.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-359.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-812.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-220.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-255.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.44M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.65M	USD	2 Qtrs
Proceeds from sale of discontinued operations, net of costs	`ProceedsFromSaleOfDiscontinuedOperations`	$25.76M	USD	2 Qtrs
Cash paid for sale of Archeo assets	`PaymentsForProceedsFromBusinessesAndInterestInAffiliates`	$224.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.88M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$362.00K	USD	2 Qtrs
Purchases of intangible assets and changes in other non-current assets	`PaymentsToAcquireIntangibleAssets`	$8.00K	USD	2 Qtrs
Purchases of intangible assets and changes in other non-current assets	`PaymentsToAcquireIntangibleAssets`	$39.00K	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`	$-594.00K	USD	2 Qtrs
Tax withholding related to restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$94.00K	USD	2 Qtrs
Tax withholding related to restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$74.00K	USD	2 Qtrs
Common stock dividend payments	`PaymentsOfDividendsCommonStock`	$1.69M	USD	2 Qtrs
Repurchase of Class B common stock	`PaymentsForRepurchaseOfCommonStock`	$365.00K	USD	2 Qtrs
Repurchase of Class B common stock	`PaymentsForRepurchaseOfCommonStock`	$1.28M	USD	2 Qtrs
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$166.00K	USD	2 Qtrs
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$328.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.88M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-131.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.40M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.38M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$109.16M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$80.03M	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`	$105.78M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$109.16M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$80.03M	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`	$105.78M	USD	Point-in-time

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