10-Q Filing

MARCHEX INC CIK: 1224133 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001564590-16-027975`
Period End Date	20160930
Filing Date	20161107
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	mchx-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 84 Cash Flow Statement 57

Balance Sheet 41 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.28M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$21.58M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$24.62M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.00M	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`	$117.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$128.97M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$135.69M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.91M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.78M	USD	Point-in-time
Intangible and other assets, net	`OtherAssets`	$220.00K	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`	$204.99M	USD	Point-in-time
Total assets	`Assets`	$133.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.96M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$6.71M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$8.30M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$362.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$692.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.62M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$266.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$662.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$16.89M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.53M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$238.00K	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$2.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$357.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$350.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-163.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-241.84M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$116.21M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$187.47M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$204.99M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$133.10M	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$101.15M	USD	3 Qtrs
Revenue	`Revenues`	$108.11M	USD	3 Qtrs
Revenue	`Revenues`	$30.75M	USD	1 Quarter
Revenue	`Revenues`	$36.85M	USD	1 Quarter
Service costs	`CostOfServices`	$59.17M	USD	3 Qtrs
Service costs	`CostOfServices`	$60.96M	USD	3 Qtrs
Service costs	`CostOfServices`	$20.00M	USD	1 Quarter
Service costs	`CostOfServices`	$18.50M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$4.27M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$16.73M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$5.56M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$11.97M	USD	3 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$6.83M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$23.61M	USD	3 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$7.77M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$21.86M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.32M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.81M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.72M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.93M	USD	3 Qtrs
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$81.00K	USD	1 Quarter
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$199.00K	USD	3 Qtrs
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$354.00K	USD	1 Quarter
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$662.00K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$36.84M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$36.57M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$116.03M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$109.87M	USD	3 Qtrs
Impairment of goodwill	`GoodwillImpairmentLoss`	$63.30M	USD	3 Qtrs
Impairment of goodwill	`GoodwillImpairmentLoss`	$63.30M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-1.75M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-5.82M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$12.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-78.19M	USD	3 Qtrs
Interest and line of credit expense	`InterestAndDebtExpense`	$41.00K	USD	3 Qtrs
Interest and line of credit expense	`InterestAndDebtExpense`	$11.00K	USD	1 Quarter
Interest and line of credit expense	`InterestAndDebtExpense`	$3.00K	USD	1 Quarter
Interest and line of credit expense	`InterestAndDebtExpense`	$48.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-1.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-49.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-12.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-4.00K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-12.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-90.00K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-15.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-52.00K	USD	3 Qtrs
Income (loss) from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.84M	USD	1 Quarter
Income (loss) from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.81M	USD	3 Qtrs
Income (loss) from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	1 Quarter
Income (loss) from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-78.28M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$191.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$15.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$40.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$11.00K	USD	3 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-191.00K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-1.82M	USD	3 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-78.32M	USD	3 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-5.85M	USD	1 Quarter
Income from discontinued operations, net of tax	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$37.00K	USD	1 Quarter
Income from discontinued operations, net of tax	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$5.08M	USD	3 Qtrs
Gain on sale of discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$163.00K	USD	1 Quarter
Gain on sale of discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$22.20M	USD	3 Qtrs
Discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$200.00K	USD	1 Quarter
Discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$27.28M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$9.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-78.32M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$25.46M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-5.85M	USD	1 Quarter
Dividends paid to participating securities	`DividendsPaidToParticipatingSecurities`	$37.00K	USD	3 Qtrs
Net income (loss) applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.85M	USD	1 Quarter
Net income (loss) applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-78.32M	USD	3 Qtrs
Net income (loss) applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$25.43M	USD	3 Qtrs
Net income (loss) applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.00K	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-1.88	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.14	USD	1 Quarter
Discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.66	USD	3 Qtrs
Basic and diluted net income (loss) per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$0.62	USD	3 Qtrs
Basic and diluted net income (loss) per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net income (loss) per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Basic and diluted net income (loss) per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-1.88	USD	3 Qtrs
Dividends paid per share	`CommonStockDividendsPerShareCashPaid`	$0.04	USD	3 Qtrs

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$9.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-78.32M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$25.46M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-5.85M	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$2.73M	USD	3 Qtrs
Amortization and depreciation	`DepreciationAndAmortization`	$2.46M	USD	3 Qtrs
Impairment of goodwill	`GoodwillImpairmentLoss`	$63.30M	USD	3 Qtrs
Impairment of goodwill	`GoodwillImpairmentLoss`	$63.30M	USD	1 Quarter
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$678.00K	USD	3 Qtrs
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$1.43M	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.00K	USD	3 Qtrs
Gain on sale of discontinued operations	`DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax`	$22.20M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$7.25M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$7.81M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$599.00K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.61M	USD	3 Qtrs
Refundable taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$4.00K	USD	3 Qtrs
Refundable taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-10.00K	USD	3 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$223.00K	USD	3 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-484.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.47M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.48M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.81M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$230.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-789.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-329.00K	USD	3 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-339.00K	USD	3 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-396.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.00M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.87M	USD	3 Qtrs
Proceeds from sale of discontinued operations, net of costs	`ProceedsFromSaleOfDiscontinuedOperations`	$25.25M	USD	3 Qtrs
Cash paid for sale of Archeo assets	`PaymentsForProceedsFromBusinessesAndInterestInAffiliates`	$224.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$594.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.62M	USD	3 Qtrs
Purchases of intangible assets and changes in other non-current assets	`PaymentsToAcquireIntangibleAssets`	$46.00K	USD	3 Qtrs
Purchases of intangible assets and changes in other non-current assets	`PaymentsToAcquireIntangibleAssets`	$11.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-829.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$21.58M	USD	3 Qtrs
Tax withholding related to restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$154.00K	USD	3 Qtrs
Tax withholding related to restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$74.00K	USD	3 Qtrs
Common stock dividend payments	`PaymentsOfDividendsCommonStock`	$1.69M	USD	3 Qtrs
Repurchase of Class B common stock	`PaymentsForRepurchaseOfCommonStock`	$365.00K	USD	3 Qtrs
Repurchase of Class B common stock	`PaymentsForRepurchaseOfCommonStock`	$3.20M	USD	3 Qtrs
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$284.00K	USD	3 Qtrs
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$341.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-178.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.68M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$28.90M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.88M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$80.03M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$109.16M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$108.94M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$105.28M	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`	$109.16M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$108.94M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$105.28M	USD	Point-in-time

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