10-Q Filing

MARCHEX INC CIK: 1224133 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-015671`
Period End Date	20170630
Filing Date	20170804
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	mchx-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 52 Cash Flow Statement 49

Balance Sheet 39 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$102.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.16M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$18.92M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.46M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.53M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.00M	USD	Point-in-time
Refundable taxes	`IncomeTaxesReceivable`	$98.00K	USD	Point-in-time
Refundable taxes	`IncomeTaxesReceivable`	$94.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$124.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$119.99M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.56M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.96M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$329.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$214.00K	USD	Point-in-time
Total assets	`Assets`	$123.28M	USD	Point-in-time
Total assets	`Assets`	$128.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.10M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$7.71M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$6.47M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$349.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$337.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.87M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$540.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$134.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$12.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.00M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$2.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$362.81M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$360.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-252.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-247.58M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$110.83M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$113.27M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$128.27M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$123.28M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$46.39M	USD	2 Qtrs
Revenue	`Revenues`	$70.40M	USD	2 Qtrs
Revenue	`Revenues`	$34.41M	USD	1 Quarter
Revenue	`Revenues`	$22.02M	USD	1 Quarter
Service costs	`CostOfServices`	$25.77M	USD	2 Qtrs
Service costs	`CostOfServices`	$20.48M	USD	1 Quarter
Service costs	`CostOfServices`	$12.18M	USD	1 Quarter
Service costs	`CostOfServices`	$42.46M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$8.46M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$5.65M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$11.17M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$3.47M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$7.55M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$15.03M	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$9.55M	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$4.28M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.83M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.42M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.39M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.49M	USD	2 Qtrs
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$308.00K	USD	2 Qtrs
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$304.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$39.82M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$51.21M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$79.46M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$23.32M	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	$63.30M	USD	2 Qtrs
Impairment of goodwill	`GoodwillImpairmentLoss`	$63.30M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.82M	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`	$-1.31M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-68.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-75.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$57.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$40.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-72.44M	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.27M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.76M	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-68.78M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$25.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$25.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$12.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$13.00K	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.79M	USD	2 Qtrs
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-72.47M	USD	2 Qtrs
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.28M	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-68.79M	USD	1 Quarter
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-1.75	USD	2 Qtrs
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-1.65	USD	1 Quarter
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	2 Qtrs

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.79M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-72.47M	USD	2 Qtrs
Amortization and depreciation	`DepreciationAndAmortization`	$1.48M	USD	2 Qtrs
Amortization and depreciation	`DepreciationAndAmortization`	$1.69M	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`	$506.00K	USD	2 Qtrs
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$627.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.34M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$5.47M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-2.96M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.31M	USD	2 Qtrs
Refundable taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-3.00K	USD	2 Qtrs
Refundable taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-4.00K	USD	2 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$391.00K	USD	2 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$600.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.70M	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`	$-875.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-359.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-12.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-134.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-255.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.65M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-624.00K	USD	2 Qtrs
Cash paid for sale of Archeo assets	`PaymentsForProceedsFromBusinessesAndInterestInAffiliates`	$224.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$362.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$906.00K	USD	2 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$6.00K	USD	2 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$8.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-594.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-912.00K	USD	2 Qtrs
Tax withholding related to restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$94.00K	USD	2 Qtrs
Repurchase of Class B common stock	`PaymentsForRepurchaseOfCommonStock`	$365.00K	USD	2 Qtrs
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$15.00K	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 provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-131.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.52M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.38M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$103.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$102.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$105.78M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$109.16M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$103.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$102.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$105.78M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$109.16M	USD	Point-in-time

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