Source document: everbridge-inc_2019

Question: What does Adjusted gross margin represent?
Facts: gross profit plus amortization of acquired intangibles and stock-based compensation.
Answer: gross profit plus amortization of acquired intangibles and stock-based compensation.

Question: What was the Gross Profit in 2019, 2018 and 2017 respectively?
Facts: 100,284; 137,347; 72,849
Answer: 137,347; 100,284; 72,849 thousand

Question: What is the near term forecast for expenses by the company?
Facts: expenses to continue to negatively impact our gross profit.
Answer: expenses to continue to negatively impact our gross profit.

Question: What is the average Gross Profit for 2017-2019?
Facts: 100,284; 137,347; 72,849
Derivation: (137,347 + 100,284 + 72,849) / 3
Answer: 103493.33 thousand

Question: In which year was Amortization of acquired intangibles lower than 2,000 thousands?
Facts: 2017; 2018
Derivation: locate and analyze Gross Profit in row 4
Answer: 2018; 2017

Question: What is the change in the Stock-based compensation from 2018 to 2019?
Facts: 1,966; 2,306
Derivation: 1,966 - 2,306
Answer: -340 thousand

Question: What was the increase in the General and administrative in 2018?
Facts: $8.6 million
Answer: $8.6 million

Question: What was the General and administrative in 2018 and 2017?
Facts: 22,895; 31,462
Answer: 31,462; 22,895 thousand

Question: What was the increase in depreciation and amortization from 2017 to 2018?
Facts: $2.8 million
Answer: $2.8 million

Question: What is the average General and administrative expense for 2017 and 2018?
Facts: 22,895; 31,462
Derivation: (31,462 + 22,895) / 2
Answer: 27178.5 thousand

Question: In which year was General and administrative expense less than 40,000 thousands?
Facts: 2017; 2018
Derivation: locate and analyze General and administrative in row 4
Answer: 2018; 2017

Question: What is the change in the gross margin between 2017 and 2018?
Facts: 21; 22
Derivation: 21 - 22
Answer: -1 thousand

Question: What was the decrease in the Other net expense in 2019?
Facts: $31 thousand
Answer: $31 thousand

Question: What was the increase in interest income?
Facts: $2.7 million
Answer: $2.7 million

Question: What was the % of revenue in 2019 and 2018?
Facts: 2; 3
Answer: 2; 3 percent

Question: What was the average Other expense, net for 2018 and 2019?
Facts: 4,597; 4,628
Derivation: (4,597 + 4,628) / 2
Answer: 4612.5 thousand

Question: In which year was Other expense, net less than 5,000 thousands?
Facts: 2018; 2019
Derivation: locate and analyze the other expenses in row 4
Answer: 2019; 2018

Question: What is the change in the % of revenue from 2018 to 2019?
Facts: 2; 3
Derivation: 2 - 3
Answer: -1 percent

Question: What was the income tax expense in 2019,2018 and 2017 respectively?
Facts: $128,000; $143,000; $76,000
Answer: $128,000; $143,000; $76,000

Question: What was the accrued interest and penalties in 2019, 2018 and 2017 respectively?
Facts: $11,000; $15,000; $22,000
Answer: $22,000; $15,000; $11,000

Question: What was the company's unremitted earnings in 2019?
Facts: $0.6 million
Answer: $0.6 million

Question: What was the change in the Additions for current year tax positions from 2018 to 2019?
Facts: 106; 142
Derivation: 106 - 142
Answer: -36 thousand

Question: In which year was Interest and penalties less than 20 thousand?
Facts: 2017; 2018
Derivation: locate and analyze Interest and Penalties in row 8
Answer: 2018; 2017

Question: What was the average Reductions for prior year tax positions from 2017-2019?
Facts: 0; 14
Derivation: -(0 + 14 + 0) / 3
Answer: -4.67 thousand

Question: What is the net carrying amount in 2019?
Facts: $79,224
Answer: $79,224 thousand

Question: How much was the market premium at December 31, 2019?
Facts: $36.7 million
Answer: $36.7 million

Question: What does market premium of $36.7 million represent?
Facts: the excess of the total consideration delivered over the fair value of the liability recognized related to the $23.0 million principal balance repurchase of the 2022 Notes.
Answer: the excess of the total consideration delivered over the fair value of the liability recognized related to the $23.0 million principal balance repurchase of the 2022 Notes.

Question: What is the change in Principal from December 31, 2019 to December 31, 2018?
Facts: 115,000; 92,000
Derivation: 92,000-115,000
Answer: -23000 thousand

Question: What is the change in the debt discount, net of amortization from December 31, 2019 to December 31, 2018?
Facts: 12,776; 20,903
Derivation: 12,776-20,903
Answer: -8127 thousand

Question: What is the change in Net carrying amount from December 31, 2019 to December 31, 2018?
Facts: 79,224; 94,097
Derivation: 79,224-94,097
Answer: -14873 thousand

Question: What was the Depreciation and amortization expense for the years ended December 31, 2019?
Facts: $2.2 million
Answer: $2.2 million

Question: What was the Depreciation and amortization expense for the years ended December 31, 2018?
Facts: $1.8 million
Answer: $1.8 million

Question: What was the Depreciation and amortization expense for the years ended December 31, 2017?
Facts: $1.9 million
Answer: $1.9 million

Question: What is the change in Furniture and equipment from December 31, 2019 to December 31, 2018?
Facts: 1,189; 1,785
Derivation: 1,785-1,189
Answer: 596 thousand

Question: What is the change in Leasehold improvements from December 31, 2019 to December 31, 2018?
Facts: 2,776; 4,074
Derivation: 4,074-2,776
Answer: 1298 thousand

Question: What is the change in System hardware from December 31, 2019 to December 31, 2018?
Facts: 1,404; 1,596
Derivation: 1,596-1,404
Answer: 192 thousand

Question: How is basic net loss per common share computed?
Facts: by dividing net loss by the weighted-average number of shares of common stock outstanding during the period.
Answer: by dividing net loss by the weighted-average number of shares of common stock outstanding during the period.

Question: What is the average Convertible senior notes for the period December 31, 2019 to December 31, 2018?
Facts: 3,411,199; 6,733,914
Derivation: (6,733,914+3,411,199) / 2
Answer: 5072556.5

Question: What is the average Stock-based compensation grants for the period December 31, 2019 to December 31, 2018?
Facts: 2,038,174; 2,562,274
Derivation: (2,038,174+2,562,274) / 2
Answer: 2300224

Question: In which year was Convertible senior notes less than 4,000,000?
Facts: 2017; 2018
Derivation: locate and analyze Convertible senior notes in row 3
Answer: 2018; 2017

Question: What was Stock-based compensation grants in 2019, 2018 and 2017 respectively?
Facts: 2,038,174; 2,562,274; 3,268,610
Answer: 2,038,174; 2,562,274; 3,268,610

Question: What was the amount paid by the company to enter into capped call option agreements to reduce the potential dilution?
Facts: $44.9 million
Answer: $44.9 million

Question: What was the increase in the cost of revenue in 2018?
Facts: $15.3 million
Answer: $15.3 million

Question: What was the cost of revenue in 2018 and 2019?
Facts: 31,503; 46,810
Answer: 46,810; 31,503 thousand

Question: What caused the decrease in gross margin percentage?
Facts: due to our continued investment in personnel and infrastructure to support our growth in revenue.
Answer: due to our continued investment in personnel and infrastructure to support our growth in revenue.

Question: What is the average cost of revenue for 2018 and 2019?
Facts: 31,503; 46,810
Derivation: (46,810 + 31,503) / 2
Answer: 39156.5 thousand

Question: In which year was cost of revenue less than 40,000 thousands?
Facts: 2017
Derivation: locate and analyze cost of revenue in row 4
Answer: 2017

Question: What is the change in the gross margin between 2018 and 2019?
Facts: 68; 70
Derivation: 68 - 70
Answer: -2 percent

Question: How much cash, cash equivalents and restricted cash was held by foreign subsidiaries at December 31, 2019?
Facts: $6.7 million of the $539.7 million of cash, cash equivalents and restricted cash
Answer: $6.7 million of the $539.7 million of cash, cash equivalents and restricted cash

Question: Where is foreign earnings reinvested?
Facts: in our foreign subsidiaries.
Answer: in our foreign subsidiaries.

Question: What would happen if earnings were used to fund domestic operations?
Facts: subject to additional income taxes upon repatriation.
Answer: subject to additional income taxes upon repatriation.

Question: What is the change in Cash, cash equivalents and restricted cash at beginning of period from December 31, 2019 to December 31, 2018?
Facts: 103,051; 60,068
Derivation: 60,068-103,051
Answer: -42983 thousand

Question: What is the change in Cash provided by operating activities from December 31, 2019 to December 31, 2018?
Facts: 10,317; 3,295
Derivation: 10,317-3,295
Answer: 7022 thousand

Question: What is the change in Cash used in investing activities from December 31, 2019 to December 31, 2018?
Facts: 24,574; 48,413
Derivation: 24,574-48,413
Answer: -23839 thousand

Question: What was the increase in the Sales and marketing expense in 2018 compared to 2017?
Facts: $22.6 million
Answer: $22.6 million

Question: What was the Sales and marketing expense in 2018 and 2017?
Facts: 46,998; 69,608
Answer: 69,608; 46,998

Question: What is the % change in the sales and marketing expense between 2017 and 2018?
Facts: 48.1
Answer: 48.1 percent

Question: What is the average Sales and marketing expense for 2017 and 2018?
Facts: 46,998; 69,608
Derivation: (69,608 + 46,998) / 2
Answer: 58303 thousand

Question: In which year was Sales and marketing expenses less than 50,000 thousands?
Facts: 2017
Derivation: locate and analyze sales and marketing in row 4
Answer: 2017

Question: What is the change in the gross margin between 2017 and 2018?
Facts: 45; 47
Derivation: 47 - 45
Answer: 2 thousand

Question: What was the increase in the General and administrative expense in 2019?
Facts: $15.4 million
Answer: $15.4 million

Question: What was the increase in the cost of depreciation and amortization from 2018 to 2019?
Facts: $3.7 million
Answer: $3.7 million

Question: What was the % of revenue for General and administrative expense in 2019 and 2018?
Facts: 21; 23
Answer: 23; 21 percent

Question: What was the average General and administrative expense for 2018 and 2019?
Facts: 31,462; 46,820
Derivation: (46,820 + 31,462) / 2
Answer: 39141 thousand

Question: In which year was General and administrative expenses less than 50,000 thousands?
Facts: 2018; 2019
Derivation: locate and analyze General and administrative in row 4
Answer: 2019; 2018

Question: What is the change in the % of revenue from 2018 to 2019?
Facts: 21; 23
Derivation: 23 - 21
Answer: 2 percent

Question: What was the cost of the purchased capped calls?
Facts: The cost of the purchased capped calls of $12.9 million was recorded to shareholders’ equity and will not be re-measured.
Answer: The cost of the purchased capped calls of $12.9 million was recorded to shareholders’ equity and will not be re-measured.

Question: What is the average fair value for the period December 31, 2019 to December 31, 2018?
Facts: 189,802; 215,801
Derivation: (215,801+189,802) / 2
Answer: 202801.5 thousand

Question: What is the average Carrying Value for the period December 31, 2019 to December 31, 2018?
Facts: 79,224; 94,097
Derivation: (79,224+94,097) / 2
Answer: 86660.5 thousand

Question: In which year was the 2022 Notes fair value less than 200,000 thousands?
Facts: 2018
Derivation: locate and analyze 2022 Notes in row 4
Answer: 2018

Question: What was the initial strike price?
Facts: $33.71 per share
Answer: $33.71 per share

Question: What was the 2022 Notes cap price?
Facts: $47.20
Answer: $47.20

Question: What was the increase in the Sales and marketing expense in 2019?
Facts: $18.1 million
Answer: $18.1 million

Question: What was increase in the trade show and advertising cost in 2019?
Facts: $1.2 million
Answer: $1.2 million

Question: What was the % of revenue in 2019 and 2018?
Facts: 44; 47
Answer: 44; 47 percent

Question: What was the average Sales and marketing expenses for 2018 and 2019?
Facts: 69,608; 87,731
Derivation: (87,731 + 69,608) / 2
Answer: 78669.5 thousand

Question: In which year was Sales and marketing expenses less than 90,000 thousands?
Facts: 2018; 2019
Derivation: locate and analyze Sales and marketing in row 4
Answer: 2019; 2018

Question: What is the change in the % of revenue from 2018 to 2019?
Facts: 44; 47
Derivation: 44 - 47
Answer: -3 percent

Question: What was the revenue in 2019 and 2018?
Facts: 147,094; 200,882
Answer: 200,882; 147,094 thousand

Question: What was the cost of revenue in 2019?
Facts: 63,535
Answer: 63,535 thousand

Question: What was the Gross profit in 2018?
Facts: 100,284
Answer: 100,284 thousand

Question: In which year was revenue less than 100,000 thousands?
Facts: 2015; 2016
Derivation: locate and analyze revenue in row 4
Answer: 2016; 2015

Question: What is the average cost of revenue from 2015-2019?
Facts: 19,789; 23,767; 31,503; 46,810; 63,535
Derivation: (63,535 + 46,810 + 31,503 + 23,767 + 19,789) / 5
Answer: 37080.8 thousand

Question: What is the change in the Gross Profit from 2018 to 2019?
Facts: 100,284; 137,347
Derivation: 137,347 - 100,284
Answer: 37063 thousand

Question: What was the company capitalized software development costs during the years ended December 31, 2019?
Facts: $8.8 million
Answer: $8.8 million

Question: What was the company capitalized software development costs during the years ended December 31, 2018?
Facts: $8.8 million
Answer: $8.8 million

Question: What was the company capitalized software development costs during the years ended December 31, 2017?
Facts: $6.2 million
Answer: $6.2 million

Question: What is the increase/ (decrease) in Gross carrying amount: Capitalized software development costs from December 31, 2019 to December 31, 2018?
Facts: 45,677; 49,909
Derivation: 49,909-45,677
Answer: 4232 thousand

Question: What is the increase/ (decrease) in Accumulated amortization: Capitalized software development costs from December 31, 2019 to December 31, 2018?
Facts: 32,784; 35,622
Derivation: 35,622-32,784
Answer: 2838 thousand

Question: What is the increase/ (decrease) in Net carrying amount: Capitalized software development costs from December 31, 2019 to December 31, 2018?
Facts: 12,893; 14,287
Derivation: 14,287-12,893
Answer: 1394 thousand

Question: What does the Adjusted EBITDA represent?
Facts: Adjusted EBITDA represents our net loss before interest and investment income, net and interest expense, provision for income taxes, depreciation and amortization expense, loss on extinguishment of convertible notes and stock-based compensation expense
Answer: Adjusted EBITDA represents our net loss before interest and investment income, net and interest expense, provision for income taxes, depreciation and amortization expense, loss on extinguishment of convertible notes and stock-based compensation expense

Question: What are the non-cash items included in Adjusted EBITDA?
Facts: depreciation and amortization expense and stock-based compensation expense.
Answer: depreciation and amortization expense and stock-based compensation expense.

Question: What was the Net Loss in 2019, 2018 and 2017 respectively?
Facts: (19,634); (47,515); (52,250)
Answer: (52,250); (47,515); (19,634) thousand

Question: Which year has the highest adjusted EBITDA?
Facts: 2019
Derivation: locate and analyze Adjusted EBITDA in row 9
Answer: 2019

Question: What is the average Interest and investment (income) expense, net for 2017-2019?
Facts: 2,979; 216; 4,504
Derivation: (2,979 + 4,504 + 216) / 3
Answer: 2566.33 thousand

Question: What is the change in the Provision for income taxes from 2018 to 2019?
Facts: 425; 796
Derivation: 425 - 796
Answer: -371 thousand

Question: What was the notional tax rate?
Facts: 26%
Answer: 26%

Question: What was the Income tax at federal statutory rate in 2019, 2018 and 2017?
Facts: $(10,883); $(6,659); $(9,811)
Answer: $(10,883); $(9,811); $(6,659) thousand

Question: What was the reason for difference between he statutory federal income tax rate and the Company’s effective tax rate in 2019, 2018 and 2017?
Facts: the effect of state income taxes, difference between the U.S. and foreign tax rates, deferred tax state rate adjustment, share-based compensation, true up of deferred taxes, other non-deductible permanent items, and change in valuation allowance.
Answer: the effect of state income taxes, difference between the U.S. and foreign tax rates, deferred tax state rate adjustment, share-based compensation, true up of deferred taxes, other non-deductible permanent items, and change in valuation allowance.

Question: In which year was State income tax expense, net of federal tax effect less than (1,000) thousands?
Facts: 2017
Derivation: locate and analyze State income tax expense, net of federal tax effect in row 5
Answer: 2017

Question: What is the average Nondeductible permanent items from 2017-2019?
Facts: 1,506; 1,522; 3,522
Derivation: (3,522 - 1,522 + 1,506) / 3
Answer: 1168.67 thousand

Question: What was the average Tax rate change from 2017-2019?
Facts: 0; 134; 7,226
Derivation: (0 + 134 + 7,226) / 3
Answer: 2453.33 thousand

Question: What was the decrease in the Other expense, net in 2018?
Facts: $4.3 million
Answer: $4.3 million

Question: What was the Other expense, net in 2018 and 2017 respectively?
Facts: 302; 4,628
Answer: 4,628; 302 thousand

Question: What is the % change for other expense, net between 2017 and 2018?
Facts: 1432.5
Answer: 1432.5 percent

Question: What is the average Other expense, net for 2017 and 2018?
Facts: 302; 4,628
Derivation: (4,628 + 302) / 2
Answer: 2465 thousand

Question: In which year was Other expense, net less than 1,000 thousands?
Facts: 2017
Derivation: locate and analyze other expense in row 4
Answer: 2017

Question: What is the change in the % of revenue between 2017 and 2018?
Facts: 0; 3
Derivation: 3 - 0
Answer: 3 percent

Question: How much was the Bad debt expense for the years ended December 31, 2019?
Facts: $0.7 million
Answer: $0.7 million

Question: How much was the Bad debt expense for the years ended December 31, 2018?
Facts: $0.1 million
Answer: $0.1 million

Question: How much was the Bad debt expense for the years ended December 31, 2017?
Facts: $0.6 million
Answer: $0.6 million

Question: What is the change in Accounts receivable from December 31, 2019 to December 31, 2018?
Facts: 41,818; 69,767
Derivation: 69,767-41,818
Answer: 27949 thousand

Question: What is the change in Allowance for doubtful accounts from December 31, 2019 to December 31, 2018?
Facts: 1,125; 711
Derivation: 1,125-711
Answer: 414 thousand

Question: What is the change in Net accounts receivable from December 31, 2019 to December 31, 2018?
Facts: 41,107; 68,642
Derivation: 68,642-41,107
Answer: 27535 thousand

Question: What does Free Cash Flow represent?
Facts: net cash provided by operating activities minus capital expenditures and capitalized software development costs.
Answer: net cash provided by operating activities minus capital expenditures and capitalized software development costs.

Question: What is Free Cash Flow used as?
Facts: by management to understand and evaluate our core operating performance and trends and to generate future operating plans.
Answer: by management to understand and evaluate our core operating performance and trends and to generate future operating plans.

Question: What was the Net cash provided by operating activities in 2019, 2018 and 2017 respectively?
Facts: 10,317; 3,295; 4,863
Answer: 10,317; 3,295; 4,863

Question: What was the average Net cash provided by operating activities from 2017-2019?
Facts: 10,317; 3,295; 4,863
Derivation: (10,317 + 3,295 + 4,863) / 3
Answer: 6158.33 thousand

Question: What was the change in the Capital expenditures from 2018 to 2019?
Facts: 1,721; 5,269
Derivation: -5,269 - (- 1,721)
Answer: -3548 thousand

Question: In which year was Net cash provided by operating activities less than 5,000 thousands?
Facts: 2017; 2018
Derivation: locate and analyze Net cash provided by operating activities in row 3
Answer: 2018; 2017