UPWORK INC.
Cash Flow Statement
| Line Item | FY2017 | FY2016 |
|---|---|---|
| Operating Activities | ||
| Net Income | $-4.1M | $-16.2M |
| Depreciation & Amortization | — | — |
| Depreciation | $1.5M | $1.8M |
| Amortization | $2.7M | $5.7M |
| Stock-Based Compensation | $6.8M | $7.3M |
| Net Cash from Operating Activities | $-4.0M | $3.1M |
| Investing Activities | ||
| Capital Expenditures | $1.8M | $846.0K |
| Business Acquisitions | — | — |
| Net Cash from Investing Activities | $-2.3M | $-475.0K |
| Financing Activities | ||
| Dividends Paid | — | — |
| Stock Repurchases | — | — |
| Net Cash from Financing Activities | $27.7M | $5.2M |
| Net Change in Cash | $21.4M | $7.9M |
| Free Cash Flow | $-5.8M | $2.3M |