Blackbaud, Inc. · NASDAQ:BLKB
Blackbaud — Q1 2018 Earnings Presentation
9 slides from Blackbaud's earnings presentation, Apr 30, 2018
Slide 1: Adjusted Unaudited Historical Financial Information and Non-GAAP Financial Measures
1 1 Blackbaud, Inc. Adjusted Unaudited Historical Financial Information and Non-GAAP Financial Measures Reclassifications to the unaudited historical financial information In order to provide comparability between periods presented, certain previously reported historical financial information has be
Slide 2: Historical Consolidated Balance Sheets (Unaudited) Restated for ASU 2014-09
2 2 Historical Consolidated Balance Sheets (Unaudited) Restated for ASU 2014-09 Previously Reported Change (in thousands) Q4 2016 Q4 2017 Q4 2016 Q4 2017 Q4 2016 Q4 2017 Assets Current assets: Cash and cash equivalents $ 16,902 $ 29,830 $ 16,902 $ 29,830 $ — $ — Restricted cash due to customers 353,
Slide 3: Historical Consolidated Statements of Comprehensive Income (Unaudited)
3 3 Historical Consolidated Statements of Comprehensive Income (Unaudited) Restated for ASU 2014-09 Previously Reported(2) Change (in thousands, except share and per share amounts) FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 Revenue Recurring $ 609,063 $ 684,583 $ 575,933 $ 651,031 $ 33,130 $ 33
Slide 4: Historical Reconciliations of GAAP to Non-GAAP (Unaudited)
4 4 Historical Reconciliations of GAAP to Non-GAAP Financial Measures (Unaudited) Restated for ASU 2014-09 Previously Reported Change (in thousands, except share and per share amounts) FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 GAAP Revenue $ 731,642 $ 788,487 $ 730,815 $ 788,306 $ 827 $ 181 No
Slide 5: Historical Consolidated Balance Sheets
5 5 Historical Consolidated Balance Sheets Reflecting the Adoption of ASU 2014-09 (Unaudited) (in thousands) Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Assets Current assets: Cash and cash equivalents $ 16,902 $ 13,872 $ 17,268 $ 17,050 $ 29,830 $ 25,013 Restricted cash due to customers 353,771
Slide 6: Historical Consolidated Statements of Comprehensive Income Reflecting the Adoption of ASU 2014-09
6 6 Historical Consolidated Statements of Comprehensive Income Reflecting the Adoption of ASU 2014-09 (Unaudited) (in thousands, except share and per share amounts) FY 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY 2017 Q1 2018 Revenue Recurring $ 609,063 $ 160,047 $ 166,389 $ 167,506 $ 190,641 $ 684,583 $
Slide 7: Historical Consolidated Statements of Cash Flows
7 7 Historical Consolidated Statements of Cash Flows Reflecting the Adoption of ASU 2014-09 (Unaudited) (in thousands) 12 months ending 12/31/2016 3 months ending 3/31/2017 6 months ending 6/30/2017 9 months ending 9/30/2017 12 months ending 12/31/2017 3 months ending 3/31/2018 Cash flows from opera
Slide 8: Historical Reconciliations of GAAP to Non-GAAP Reflecting the Adoption of ASU 2014-09
8 8 Historical Reconciliations of GAAP to Non-GAAP Financial Measures Reflecting the Adoption of ASU 2014-09 (Unaudited) (in thousands, except share and per share amounts) FY 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY 2017 Q1 2018 GAAP Revenue $ 731,642 $ 185,072 $ 191,589 $ 194,424 $ 217,402 $ 788,487
Slide 9: Free Cash Flow Reconciliation (in thousands)
9 9 (in thousands) 12 months ending 12/31/2016 3 months ending 3/31/2017 6 months ending 6/30/2017 9 months ending 9/30/2017 12 months ending 12/31/2017 3 months ending 3/31/2018 GAAP net cash provided by operating activities 153,628 12,764 54,551 123,385 176,290 11,753 Less: purchase of property an