Docebo Investor Presentation Deck
Appendix:
Non-IFRS Measures and Reconciliation of Non-IFRS Measures
Free Cash Flow:
Free Cash Flow is defined as cash used in operating activities less cash used for purchases of property and equipment and capitalized internal-use software costs, plus non-recurring
expenditures such as the payment of acquisition-related compensation, the payment of transaction-related costs, and the payment of restructuring costs. Free Cash Flow is not a
recognized measure under IFRS. See "Non-IFRS Measures and Reconciliation of Non-IFRS Measures". The IFRS measure most directly comparable to Free Cash Flow presented in our
financial statements is cash flow used in operating activities.
The following table reconciles our cash flow used in operating activities to Free Cash Flow for the periods 2016 to 2023
(In thousands of US dollars)
Cash flow used in operating activities
Additions to property and equipment and
non-current assets
Acquisition related compensation paid
Transaction related expenses paid
Restructuring costs paid
Free Cash Flow
2016
(1,037)
(258)
(1,295)
2017
(2,983)
(689)
(3,672)
2018
(2,300)
(410)
(2,710)
2019
(4,582)
(366)
(4,948)
2020
4,791
(1,081)
3,710
2021
(3,254)
(1,081)
(4,399)
2022
2,287
(1,081)
docebo
1,206
Q3 2023 YTD
9,488
(386)
189
991
2,831
13,113View entire presentation