FITBIT, INC. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2019 12 months to Dec 31, 2019	FY2018 12 months to Dec 31, 2018	FY2017 12 months to Dec 31, 2017	FY2016 12 months to Dec 31, 2016	FY2015 12 months to Dec 31, 2015
Cash Flows from Operating Activities
Net Income (Loss) Attributable to Parent
Adjustments to reconcile net loss to net cash provided by operating activities:
Provision for doubtful accounts
Provision for excess and obsolete inventory
Provision for inventory obsolescence related to Fitbit Force recall
Depreciation
Non-cash lease expense
Amortization of intangible assets
Accelerated depreciation of property and equipment
Amortization of issuance costs and discount on debt
Stock-based compensation
Deferred income taxes
Excess of tax benefit from stock-based compensation
Revaluation of redeemable convertible preferred stock warrant liability
Change in contingent consideration
Impairment of equity investment
Other

Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable
Inventories
Prepaid expenses and other assets
Fitbit Force recall reserve
Accounts payable
Accrued liabilities and other liabilities
Increase (Decrease) in Lease Liabilities
Deferred revenue
Income taxes payable
Net cash provided by (used in) operating activities
Cash Flows from Investing Activities
Purchase of property and equipment
Purchase of marketable securities
Sales of marketable securities
Maturities of marketable securities
Acquisitions, net of cash acquired
Change in restricted cash
Equity investment
Net cash provided by (used in) investing activities

Cash Flows from Financing Activities
Repayment of debt
Payment of offering costs
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs
Proceeds from exercise of stock options
Finance Lease, Principal Payments
Proceeds from issuance of common stock
Excess of tax benefit from stock-based compensation
Taxes paid related to net share settlement of restricted stock units
Proceeds from public offerings, net of underwriting discounts and commissions
Proceeds from issuance of debt and revolving credit facility
Payment of issuance costs
Proceeds from exercise of redeemable convertible preferred stock warrants
Net cash provided by (used in) financing activities

Net increase (decrease) in cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Supplemental Disclosure
Cash paid for interest
Cash paid (received) for income taxes, net of $72 million income tax refund in 2018
Supplemental Disclosure of Non-Cash Investing and Financing Activity
Purchase of property and equipment included in accounts payable and accrued liabilities
Conversion of redeemable convertible preferred stock into Class B common stock
Reclassification of redeemable convertible preferred stock warrant liability to additional paid in capital
Issuance of redeemable convertible preferred stock upon net exercise of redeemable convertible preferred stock warrants
Issuance of redeemable convertible preferred stock warrants in connection with debt financing
Deferred offering costs included in accounts payable and accruals
Issuance of common stock in connection with acquisitions
Property acquired under capital leases
Contingent consideration related to acquisitions

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