Company name:

Q2 Holdings Inc

  • IPO SHARE PRICE:
    $13.00
  • IPO DATE:
    March 20, 2014
  • TICKER:
    QTWO
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    1 3 7 8 5 R e s e a r c h B l v d S u i t e 1 5 0 A u s t i n T e x a s 7 8 7 5 0 5 1 2 2 7 5 - 0 0 7 2
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Q2 Holdings Inc

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Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
26.8% - Depreciation and amortization
26.2% - Stock-based compensation
11.9% - Amortization of deferred implementation solution and other costs
11.0% - Amortization of debt discount
10.5% - Deferred revenue
4.6% - (Gain) loss on repayment of debt
2.6% - Deferred rent and other liabilities
1.9% - Other assets
1.1% - Unoccupied lease charges
1.0% - Amortization of debt issuance costs
0.5% - Deferred income taxes
0.2% - Amortization of (discount) premium on investments
0.2% - Provision for credit losses
0.1% - (Gain) loss on sale of assets
0.0% - Allowance for sales credits
SOURCEs
1.5% 26.8% 11.9% 10.5% 4.6% 11.0% 26.2%
100 %
0%
USES
7.5% 8.7% 7.9% 71.1%
71.1% - Net income (loss)
8.7% - Deferred cost of implementation services
7.9% - Deferred solution and other costs
7.5% - Accounts receivable
1.9% - Contract assets
1.3% - Prepaid expenses and other assets
1.2% - Accounts payable
0.4% - Accrued liabilities
0.0% - Gain or loss on sale of marketable securities
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($35,397) ($70,877) ($137,620) ($137,620) ($151,284)
(Income) loss from discontinued operations
$45,679
$45,679
-
-
-
-
 - - - - -
Depreciation and amortization
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 16,802 28,457 51,840 51,840 51,460
Amortization of deferred implementation solution and other costs Amortization of deferred implementation solution and other costs
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 8,448 13,634 22,936 22,936 35,956
Amortization of (discount) premium on investments
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (3) 226 366 366 1,008
Amortization of debt discount
-
-
-
-
$45,679
$45,679
 7,646 15,154 21,317 21,317 23,744
Amortization of debt issuance costs
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 829 1,467 1,977 1,977 2,200
Stock-based compensation
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 29,545 40,510 50,682 50,682 50,424
Allowance for sales credits
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (141) 172 2 2 88
Provision for credit losses
-
-
-
-
-
-
 - - 306 306 (80)
Deferred income taxes
-
$45,679
$45,679
$45,679
$45,679
$45,679
 (2,050) (12,774) 946 946 2,532
Impairment of intangible assets
-
-
$45,679
$45,679
$45,679
$45,679
 17 6 - - -
(Gain) loss on sale of assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 19 287 151 151 228
Gain or loss on sale of marketable securities
-
-
-
-
-
-
 - - (14) (14) -
(Gain) loss on repayment of debt
-
-
-
-
-
-
 - - 8,932 8,932 35,728
Unoccupied lease charges
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 658 420 2,181 2,181 180
Accounts receivable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (4,677) 372 (14,560) (14,560) 22,812
Prepaid expenses and other assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 1,844 (822) (2,440) (2,440) 816
Contract assets
-
-
-
-
$45,679
$45,679
 (5,812) (5,191) (3,721) (3,721) 1,936
Deferred solution and other costs
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (8,780) (23,548) (15,333) (15,333) (2,888)
Deferred cost of implementation services
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (6,993) (14,296) (16,880) (16,880) (11,832)
Other assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (1,359) 6,141 3,711 3,711 1,264
Accounts payable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (263) 1,126 (2,297) (2,297) (8,912)
Accrued liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 952 14,718 (685) (685) 18,724
Deferred rent and other liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (1,144) (8,015) 4,962 4,962 (2,636)
Deferred revenue
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 4,454 13,400 20,351 20,351 4,888
Net cash provided by (used in) operating activities - continuing operations Net cash provided by (used in) operating activities - continuing operations
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Net cash provided by (used in) operating activities
-
-
-
$45,679
$45,679
$45,679
 $4,595 $567 ($2,890) ($2,890) $76,356
Selected Year:
31-Dec
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
20.4% - Maturities of investment securities
SOURCEs
79.6% 20.4%
100 %
0%
USES
15.2% 84.2%
84.2% - Purchases of investment securities
15.2% - (Purchase) sale of property and equipment
0.6% - Capitalized internal-use software development costs
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
(Increase) decrease in restricted cash and deposits
$45,679
$45,679
$45,679
$45,679
-
-
 - - - - -
(Purchases) sale of investment securities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (75,674) - - - -
Purchases of investment securities
-
-
-
-
-
$45,679
 (75,674) (27,330) (131,337) (131,337) (430,872)
Maturities of investment securities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 48,407 63,980 31,841 31,841 27,880
(Purchase) sale of property and equipment
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (13,285) (13,860) (23,715) (23,715) (28,708)
Purchases of intangible assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (46) (288) - - -
Capitalized internal-use software development costs
-
$45,679
$45,679
$45,679
$45,679
$45,679
 - (177) (952) (952) (1,196)
Business combinations and asset acquisitions net of cash Business combinations and asset acquisitions net of cash
-
-
-
$45,679
$45,679
$45,679
 (130,694) (505,577) - - -
Business combinations net of cash
-
$45,679
$45,679
-
-
-
 (130,694) (505,577) - - -
Cash included in distribution of spin-off
$45,679
$45,679
-
-
-
-
 - - - - -
Net cash provided by (used in) investing activities - continuing operations Net cash provided by (used in) investing activities - continuing operations
$45,679
-
-
-
-
-
 - - - - -
Net cash provided by (used in) investing activities
-
$45,679
$45,679
$45,679
$45,679
$45,679
 ($171,292) ($483,252) ($124,163) ($124,163) ($432,896)
Selected Year:
31-Dec
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
49.5% - Issuance of common stock
27.3% - Proceeds from (payments for) bond hedge related to convertible notes
21.1% - Issuance of Convertible Notes
2.1% - Proceeds from issuance of common stock upon exercise of stock options
SOURCEs
21.1% 27.3% 49.5%
100 %
0%
USES
69.1% 21.9% 6.3%
21.9% - Proceeds from (payments for) warrants related to convertible notes
6.3% - Purchase of capped calls
2.7% - Contingent consideration payment
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Issuance of common stock
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 - 195,289 311,321 311,321 -
Issuance of preferred stock
-
$45,679
-
-
-
-
 - - - - -
Proceeds from issuance of common stock upon exercise of stock options Proceeds from issuance of common stock upon exercise of stock options
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 12,730 14,551 13,317 13,317 18,996
Proceeds from issuance of warrants
-
-
-
-
$45,679
$45,679
 22,379 - - - -
Borrowing under Revolving Credit Facility
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Repayment of Revolving Credit Facility
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Issuance of Convertible Notes
-
-
-
-
$45,679
$45,679
 223,167 307,016 132,589 132,589 530,356
Payments on financing obligations
-
$45,679
$45,679
$45,679
$45,679
$45,679
 - - - - -
Repayments of capital leases
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 - - - - -
Contingent consideration payment
-
-
-
-
-
-
 - - (16,862) (16,862) -
Repurchase of shares to offset shares issued due to stock options excercise Repurchase of shares to offset shares issued due to stock options excercise
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Proceeds from (payments for) bond hedge related to convertible notes Proceeds from (payments for) bond hedge related to convertible notes
-
-
-
-
-
-
 (41,699) - 171,679 171,679 686,716
Proceeds from (payments for) warrants related to convertible notes Proceeds from (payments for) warrants related to convertible notes
-
-
-
-
-
-
 22,379 - (137,538) (137,538) (550,152)
Purchase of capped calls
-
-
-
-
-
-
 - (40,765) (39,830) (39,830) (159,320)
Purchase of convertible note hedges
-
-
-
-
$45,679
$45,679
 (41,699) - - - -
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $216,577 $476,091 $434,676 $434,676 $526,596
Selected Year:
31-Dec
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$307,623,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $60,276 $110,156 $103,562 - $1,474,684
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 49,880 (6,594) 307,623 - 170,056
Cash and equivalents - End of period
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $110,156 $103,562 $411,185 - $1,644,740