10-K Filing

MARCHEX INC CIK: 1224133 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001564590-19-008264`
Period End Date	20181231
Filing Date	20190318
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	mchx-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 29 Cash Flow Statement 57 Stockholders Equity 16

Balance Sheet 48 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`	$45.23M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$14.86M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$16.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$121.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$64.08M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.92M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$917.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$326.00K	USD	Point-in-time
Goodwill	`Goodwill`	$24.44M	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Intangible assets from acquisitions, net	`IntangibleAssetsNetExcludingGoodwill`	$20.70M	USD	Point-in-time
Total assets	`Assets`	$123.82M	USD	Point-in-time
Total assets	`Assets`	$113.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.93M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$5.81M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$5.58M	USD	Point-in-time
Current portion of acquisition-related liabilities	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$1.22M	USD	Point-in-time
Deferred revenue and deposits	`ContractWithCustomerLiabilityCurrent`	$1.78M	USD	Point-in-time
Deferred revenue and deposits	`ContractWithCustomerLiabilityCurrent`	$313.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$21.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.77M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.09M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.29M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$1.53M	USD	Point-in-time
Non-current portion of acquisition-related liabilities	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$446.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$33.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.04M	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`	$350.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$343.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-256.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-253.71M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$90.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$113.27M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$95.03M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$113.06M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$123.82M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$85.25M	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$90.29M	USD	Annual
Service costs	`CostOfGoodsAndServicesSold`	$49.34M	USD	Annual
Service costs	`CostOfGoodsAndServicesSold`	$47.80M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$13.79M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$15.65M	USD	Annual
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$781.00K	USD	Annual
Product development	`ResearchAndDevelopmentExpense`	$18.09M	USD	Annual
Product development	`ResearchAndDevelopmentExpense`	$15.42M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$10.88M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$13.57M	USD	Annual
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$781.00K	USD	Annual
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$462.00K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$89.14M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$96.65M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-3.89M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-6.36M	USD	Annual
Interest income and other, net	`InterestIncomeAndOtherNet`	$316.00K	USD	Annual
Interest income and other, net	`InterestIncomeAndOtherNet`	$1.05M	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.04M	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.83M	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$42.00K	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-156.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-6.09M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.68M	USD	Annual
Dividends applicable to participating securities	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$355.00K	USD	Annual
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.68M	USD	Annual
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.44M	USD	Annual
Dividends per share	`EarningsPerShareBasicUndistributed`	$0.50	USD	Annual

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-6.09M	USD	Annual
Net loss	`ProfitLoss`	$-2.68M	USD	Annual
Amortization and depreciation	`DepreciationAndAmortization`	$2.60M	USD	Annual
Amortization and depreciation	`DepreciationAndAmortization`	$2.79M	USD	Annual
Accretion of interest expense	`AccretionExpense`	$50.00K	USD	Annual
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$399.00K	USD	Annual
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$226.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-185.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$3.04M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$4.60M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-3.84M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-254.00K	USD	Annual
Prepaid expenses, other current assets, and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-48.00K	USD	Annual
Prepaid expenses, other current assets, and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-76.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$618.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.96M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.76M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-211.00K	USD	Annual
Deferred revenue and deposits	`IncreaseDecreaseInContractWithCustomerLiabilityAndDeposits`	$1.09M	USD	Annual
Deferred revenue and deposits	`IncreaseDecreaseInContractWithCustomerLiabilityAndDeposits`	$-36.00K	USD	Annual
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$3.00K	USD	Annual
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$43.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.69M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.05M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.65M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.56M	USD	Annual
Purchases of intangibles and changes in other non-current assets	`PaymentsToAcquireProductiveAssets`	$577.00K	USD	Annual
Purchases of intangibles and changes in other non-current assets	`PaymentsToAcquireProductiveAssets`	$15.00K	USD	Annual
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$34.34M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.56M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.58M	USD	Annual
Repurchase of Class B common stock for treasury stock	`PaymentsForRepurchaseOfCommonStock`	$5.67M	USD	Annual
Common stock dividends payments	`PaymentsOfDividendsCommonStock`	$21.91M	USD	Annual
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$136.00K	USD	Annual
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$125.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-27.45M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$125.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$240.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-58.96M	USD	Annual
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$45.23M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$104.19M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$103.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$45.23M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$104.19M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$103.95M	USD	Point-in-time
Cash received (paid) during the period for income taxes, net of refunds	`IncomeTaxesPaidNet`	$-49.00K	USD	Annual
Cash received (paid) during the period for income taxes, net of refunds	`IncomeTaxesPaidNet`	$16.00K	USD	Annual
Cash received during the period for interest, net	`InterestPaidNetOfInterestReceived`	$297.00K	USD	Annual
Cash received during the period for interest, net	`InterestPaidNetOfInterestReceived`	$1.07M	USD	Annual
Deferred issuance of Class B common stock in connection with acquisition	`StockIssued1`	$10.02M	USD	Annual
Common stock cash dividends declared and not paid	`EstimatedDividendToBePaid`	$21.91M	USD	Annual
Leasehold improvement incentive recorded in other current/non-current assets and other non-current liabilities	`LeaseholdImprovementIncentiveRecordedInOtherCurrentAndNonCurrentAssetsAndOtherNonCurrentLiabilities`	$113.00K	USD	Annual
Leasehold improvement incentive recorded in other current/non-current assets and other non-current liabilities	`LeaseholdImprovementIncentiveRecordedInOtherCurrentAndNonCurrentAssetsAndOtherNonCurrentLiabilities`	$553.00K	USD	Annual
Property and equipment acquired in accounts payable and accrued expenses	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$88.00K	USD	Annual
Property and equipment acquired in accounts payable and accrued expenses	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$33.00K	USD	Annual
Acquisition-related liabilities not paid	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$1.51M	USD	Annual
Retirement of treasury stock	`TreasuryStockValueRetired`	$5.65M	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$90.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$113.27M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$95.03M	USD	Point-in-time
Issuance of common stock upon exercise of options, issuance and vesting of restricted stock and under employee stock purchase plan, net	`StockIssuedDuringPeriodValueShareBasedCompensation`	$125.00K	USD	Annual
Issuance of common stock upon exercise of options, issuance and vesting of restricted stock and under employee stock purchase plan, net	`StockIssuedDuringPeriodValueShareBasedCompensation`	$136.00K	USD	Annual
Stock compensation from options and restricted stock, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.60M	USD	Annual
Stock compensation from options and restricted stock, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.04M	USD	Annual
Repurchase of Class B common stock	`TreasuryStockValueAcquiredParValueMethod`	$5.67M	USD	Annual
Deferred issuance of Class B common stock in connection with acquisition	`AdjustmentsToAdditionalPaidInCapitalDeferredIssuanceOfClassBCommonStockInConnectionWithAcquisition`	$10.02M	USD	Annual
Common stock cash dividends declared	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$-4.00K	USD	Annual
Common stock cash dividends declared	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$-21.91M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.09M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.68M	USD	Annual
Ending Balance	`StockholdersEquity`	$90.00M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$113.27M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$95.03M	USD	Point-in-time

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