Wix Results Presentation Deck
Reconciliation of GAAP to Non-GAAP Financial Measures
in 000s
Net cash provided by operating activities
Capital expenditures, net
Free Cash Flow
Capital expenditures related to future Wix
HQ office build out
Free Cash Flow (excluding future Wix HQ
office build out)
in millions
Cumulative Cohort Revenue
Cumulative Cohort change in deferred revenues
Cumulative Cohort Collections
2018
Q3
Q4
$27,607 $36,055
$ (3,916) $ (3,391)
$23,691 $32,664
4
$0
$0
$23,691 $32,664
Q2
Q3
Q1
$35,074 $37,180 $36,073
$(5,028) $ (6,426) $ (6,846)
$30,
$30,046 $30,754 $29,227
$0
2019
$0
$0
Q4
$41,237
$ (3,766)
$37,471
$0
1 $3
$30,046 $30,754 $29,227 $37,471
Q1
Q2
$45,027 $49,958
$(5,075) ($3,264)
$39,952 $46,694
2020
$483
$408
$40,435 $47,102
Q1'10 Q1'11 Q1'12 Q1'13 Q1'14 Q1'15 Q1'16 Q1'17 Q1'18 Q1'19 Q1'20
$26 $36 $44 $87 $116 $112 $118 $119 $101 $63 $19
$2 $2 $5 $7 $9 $12 $15 $19 $21 $22
$38 $46 $92 $123 $121 $130 $134 $120 $84 $41
$1
$27
2017
2018
2019
FY
FY
FY
$83,052 $115,709 $149,564
$(12,369) $ (14,076) $ (22,066)
$70,683 $101,633 $127,498
$0
$0
$0
$70,683 $101,633 $127,498
Q2'19 (after
1 quarter)
$6
$17
$23
Q2'20
$10
$28
$38
Note: non-GAAP items exclude the impact of share-based compensation expense, amortization, amortization of debt discount and debt issuance costs and acquisition-related expense. Numbers may not
add due to rounding.
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