10-Q Filing

MARCHEX INC CIK: 1224133 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-021878`
Period End Date	20170930
Filing Date	20171106
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	mchx-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 52 Cash Flow Statement 50

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.95M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$14.89M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$18.92M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.53M	USD	Point-in-time
Refundable taxes	`IncomeTaxesReceivable`	$86.00K	USD	Point-in-time
Refundable taxes	`IncomeTaxesReceivable`	$98.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$124.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$121.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.56M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.54M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$214.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$328.00K	USD	Point-in-time
Total assets	`Assets`	$124.13M	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`	$5.26M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$7.71M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$6.34M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$349.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$335.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.87M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$134.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$988.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$15.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$12.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$363.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$360.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-253.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-247.58M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$113.27M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$111.19M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$128.27M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$124.13M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$30.75M	USD	1 Quarter
Revenue	`Revenues`	$68.44M	USD	3 Qtrs
Revenue	`Revenues`	$22.05M	USD	1 Quarter
Revenue	`Revenues`	$101.15M	USD	3 Qtrs
Service costs	`CostOfServices`	$60.96M	USD	3 Qtrs
Service costs	`CostOfServices`	$37.69M	USD	3 Qtrs
Service costs	`CostOfServices`	$18.50M	USD	1 Quarter
Service costs	`CostOfServices`	$11.92M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$5.56M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$16.73M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$12.07M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$3.61M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$6.83M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$21.86M	USD	3 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$4.26M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$13.81M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.14M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.81M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.32M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.57M	USD	3 Qtrs
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$662.00K	USD	3 Qtrs
Acquisition and disposition related costs	`AcquisitionAndDispositionRelatedCosts`	$354.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$36.57M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$22.93M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$116.03M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$74.14M	USD	3 Qtrs
Impairment of goodwill	`GoodwillImpairmentLoss`	$63.30M	USD	3 Qtrs
Impairment of goodwill	`GoodwillImpairmentLoss`	$63.30M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.70M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-78.19M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-5.82M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-876.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-15.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$134.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$77.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-90.00K	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-78.28M	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.56M	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.84M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-799.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$40.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$37.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$15.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$12.00K	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.60M	USD	3 Qtrs
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.85M	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-811.00K	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-78.32M	USD	3 Qtrs
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	3 Qtrs
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-1.88	USD	3 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.60M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-78.32M	USD	3 Qtrs
Amortization and depreciation	`DepreciationAndAmortization`	$2.46M	USD	3 Qtrs
Amortization and depreciation	`DepreciationAndAmortization`	$2.27M	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`	$673.00K	USD	3 Qtrs
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$1.43M	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnDispositionOfAssets1`	$-3.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$7.25M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.50M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.61M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-3.36M	USD	3 Qtrs
Refundable taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-12.00K	USD	3 Qtrs
Refundable taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-10.00K	USD	3 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-51.00K	USD	3 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$223.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.52M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.48M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.00M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.81M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-329.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-14.00K	USD	3 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-396.00K	USD	3 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-23.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.87M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.69M	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`	$1.27M	USD	3 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$15.00K	USD	3 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$11.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-829.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.29M	USD	3 Qtrs
Tax withholding related to restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$154.00K	USD	3 Qtrs
Repurchase of Class B common stock	`PaymentsForRepurchaseOfCommonStock`	$365.00K	USD	3 Qtrs
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$24.00K	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 provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-178.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$427.00K	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`	$109.16M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$105.28M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$104.38M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$103.95M	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`	$105.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$104.38M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$103.95M	USD	Point-in-time

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