{ "docId": "019de50f-41d5-718d-9ff2-590703f134df", "docSlug": "dd5b955b3f99ab53b79e65aa0a43c681", "documentTitle": "Wix | Results Presentation Deck | 24 slides", "authorId": "wix", "authorName": "Wix", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2018-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2938006, "pageNumber": 8, "pageCount": 24, "prevPage": 7, "nextPage": 9, "slideType": "kpi_overview", "function": "analyze_data", "density": "overcrowded", "nDataPoints": 18, "notes": "The slide uses a light blue background for the right-hand column containing the charts.", "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de50f-41d5-718d-9ff2-590703f134df/8", "deckHref": "/decks/019de50f-41d5-718d-9ff2-590703f134df", "deckJsonHref": "/decks/019de50f-41d5-718d-9ff2-590703f134df.json", "deckAnchorHref": "/decks/019de50f-41d5-718d-9ff2-590703f134df#slide-8", "components": [ { "bbox": { "h": 0.1, "w": 0.35, "x": 0.6, "y": 0.78 }, "kind": "callout", "text": "We view free cash flow as the best metric by which to measure the profitability of our business, due to the large amount of deferred revenue we recognize in a given period", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f38a94b6-d9e1-46fc-b8b6-83a6e6fe8f87", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.3, "w": 0.35, "x": 0.6, "y": 0.45 }, "kind": "chart", "text": "Free Cash Flow (in millions)", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "96ba0cc5-acff-40b2-becc-027f324c2f1c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.3, "w": 0.35, "x": 0.6, "y": 0.05 }, "kind": "chart", "text": "Non-GAAP Operating Income (Loss) (in millions)", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b651db0d-a0ba-4a3c-934a-3562080a866d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.45, "x": 0.05, "y": 0.52 }, "kind": "paragraph", "text": "Our total employee headcount was 2,303 as of the end of the third quarter.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "322d5329-7d67-4f85-84e8-a894d7a15650", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.45, "x": 0.05, "y": 0.3 }, "kind": "paragraph", "text": "Capital expenditures of $3.9M in Q3 2018 were slightly higher than prior quarters due to leasehold improvements to office space and the purchase of technology equipment as our employee headcount grows.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "547f6424-27b5-4262-834b-2435fe1c2643", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.45, "x": 0.05, "y": 0.06 }, "kind": "paragraph", "text": "Non-GAAP operating income was $16.3M, an all-time high and a 376% increase over the year ago period's result of $3.4M. Non-GAAP operating income was $12.9M in Q2 2018.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "872da282-75d6-429c-9069-723d528e0e67", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.45, "x": 0.05, "y": 0.18 }, "kind": "paragraph", "text": "Free cash flow was $23.7M, compared to $23.9M in Q2 2018 and $18.9M in Q3 2017, an increase of 25% y/y. The increase was primarily driven by a record $27.6M in net cash provided by operating activities as we continue to realize leverage in our model.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "94e831ed-8ed6-4cb5-a68c-c5f76e443261", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.45, "x": 0.05, "y": 0.39 }, "kind": "paragraph", "text": "We ended Q3 2018 with $716.6M in cash on the balance sheet and $334.0M in long-term debt. The cash and debt balance at Q3 reflects $385 million in net proceeds from the convertible notes we issued in June. As required by GAAP, a portion of the convertible note was booked in equity.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a138a127-c814-43c2-ae5a-089923edcf80", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.45, "x": 0.05, "y": 0.56 }, "kind": "paragraph", "text": "At the end of Q3 2018, our basic weighted average share count was approximately 48.5 million and our weighted average fully diluted share count was approximately 58.3 million, which includes the impact from the cashless net exercise of options that began in Q1 2018.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d7887897-d458-49f7-8c1a-ef248d92a1fb", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Audience Definition", "slug": "audience-definition", "agent": "Storyteller", "layer": "slide", "matchId": "21e6a824-6685-4ac0-8e28-d02fb773688b", "evidence": "We view free cash flow as the best metric by which to measure the profitability of our business, due to the large amount of deferred revenue we recognize in a given period", "confidence": 0.7 }, { "name": "Waterfall chart", "slug": "waterfall-chart", "agent": null, "layer": "slide", "matchId": "5d06455d-1dcb-46e0-8f36-5751af82b7c4", "evidence": "chart/bar-vertical: Non-GAAP Operating Income (Loss) (in millions), chart/bar-vertical: Free Cash Flow (in millions)", "confidence": 0.8 } ], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }