10-Q Filing

MARCHEX INC CIK: 1224133 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-019486`
Period End Date	20180630
Filing Date	20180806
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	mchx-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 48 Cash Flow Statement 45

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	137.50M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	137.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$102.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.95M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$14.86M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.32M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.04M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$121.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$94.39M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.57M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$877.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$326.00K	USD	Point-in-time
Total assets	`Assets`	$123.82M	USD	Point-in-time
Total assets	`Assets`	$97.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.14M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$5.58M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$5.87M	USD	Point-in-time
Deferred revenue and deposits	`ContractWithCustomerLiabilityCurrent`	$313.00K	USD	Point-in-time
Deferred revenue and deposits	`ContractWithCustomerLiabilityCurrent`	$1.08M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$21.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.73M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.11M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$33.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.20M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$343.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$339.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-253.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-255.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$90.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$84.63M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$97.83M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$123.82M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$20.22M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$22.02M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$42.11M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$46.39M	USD	2 Qtrs
Service costs	`CostOfServices`	$12.18M	USD	1 Quarter
Service costs	`CostOfServices`	$11.38M	USD	1 Quarter
Service costs	`CostOfServices`	$24.21M	USD	2 Qtrs
Service costs	`CostOfServices`	$25.77M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$3.47M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$8.46M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$3.33M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$6.95M	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$9.55M	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$7.52M	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$4.28M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$3.87M	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`	$5.51M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.54M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$51.21M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$23.32M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$21.14M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$44.19M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-4.82M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-917.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.31M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.07M	USD	2 Qtrs
Interest income and other, net	`InterestIncomeAndOtherNet`	$40.00K	USD	1 Quarter
Interest income and other, net	`InterestIncomeAndOtherNet`	$57.00K	USD	2 Qtrs
Interest income and other, net	`InterestIncomeAndOtherNet`	$269.00K	USD	1 Quarter
Interest income and other, net	`InterestIncomeAndOtherNet`	$509.00K	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.27M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.56M	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.76M	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-648.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$25.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$21.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$13.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$10.00K	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.28M	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.79M	USD	2 Qtrs
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.58M	USD	2 Qtrs
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-658.00K	USD	1 Quarter
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`	$-0.02	USD	1 Quarter
Basic and diluted net loss per Class A and Class B share applicable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
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 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.79M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.58M	USD	2 Qtrs
Amortization and depreciation	`DepreciationAndAmortization`	$1.48M	USD	2 Qtrs
Amortization and depreciation	`DepreciationAndAmortization`	$934.00K	USD	2 Qtrs
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$506.00K	USD	2 Qtrs
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$258.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.63M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.34M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$415.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-2.96M	USD	2 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$153.00K	USD	2 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$387.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$297.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.70M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-875.00K	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-19.00K	USD	2 Qtrs
Deferred revenue and deposits	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$766.00K	USD	2 Qtrs
Deferred revenue and deposits	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$-12.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-134.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$20.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.74M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-624.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$906.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.03M	USD	2 Qtrs
Purchases of intangible assets and other assets	`PaymentsToAcquireProductiveAssets`	$578.00K	USD	2 Qtrs
Purchases of intangible assets and other assets	`PaymentsToAcquireProductiveAssets`	$6.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.61M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-912.00K	USD	2 Qtrs
Repurchases of Class B common stock	`PaymentsForRepurchaseOfCommonStock`	$5.67M	USD	2 Qtrs
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$71.00K	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
Common stock cash dividends paid	`PaymentsOfDividendsCommonStock`	$21.90M	USD	1 Quarter
Common stock cash dividends paid	`PaymentsOfDividendsCommonStock`	$21.91M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-27.51M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.52M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-27.39M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$104.19M	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`	$76.80M	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`	$104.19M	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`	$76.80M	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.