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Pluralsight, Inc. – ‘8-K’ for 7/31/19 – ‘EX-99.1’

On:  Wednesday, 7/31/19, at 4:06pm ET   ·   For:  7/31/19   ·   Accession #:  1725579-19-42   ·   File #:  1-38498

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 7/31/19  Pluralsight, Inc.                 8-K:2,9     7/31/19    2:543K

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
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Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     17K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML    191K

‘EX-99.1’   —   Miscellaneous Exhibit

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  Exhibit  
Exhibit 99.1

Pluralsight Announces Second Quarter 2019 Results

•
Second quarter revenue grew 42 percent period over period to $75.9 million

Silicon Slopes, Utah - July 31, 2019 - Pluralsight, Inc. (NASDAQ: PS), the enterprise technology skills company, today announced financial results for the second quarter ended June 30, 2019.
“Our Q2 revenue and Non-GAAP EPS were both above guidance with revenue growing 42% and Non-GAAP EPS improving by 71%.” said Aaron Skonnard, co-founder and CEO of Pluralsight. “Our continued penetration with our top customers, our best in class net revenue retention and our early wins with GitPrime give us a strong base for continued success, and I’m excited about the insights and capabilities our platform and content provide to technology leaders.”
Second Quarter Financial Highlights
•
Billings - Q2 2019 billings were $80.6 million, an increase of 23% period over period. Q2 2019 billings from business customers were $69.1 million, an increase of 27% period over period.
•
Revenue - Q2 2019 revenue was $75.9 million, an increase of 42% period over period.
•
Gross margin - Q2 2019 gross margin was 77%, compared to 70% in Q2 2018. Q2 2019 non-GAAP gross margin was 78%, compared to 76% in Q2 2018.
•
Net loss per share - GAAP net loss per share for Q2 2019 was $0.30. Adjusted pro forma net loss per share for Q2 2019 was $0.06, compared to $0.21 in Q2 2018.
•
Cash flows - Cash used in operations was $7.2 million for Q2 2019, compared to cash used in operations of $5.8 million in Q2 2018. Free cash flow was negative $11.1 million for Q2 2019, compared to negative free cash flow of $9.2 million in Q2 2018.
For information regarding the non-GAAP financial measures discussed in this press release, please see the section titled “Non-GAAP Financial Measures.” Reconciliations between GAAP and non-GAAP financial measures are provided in the tables of this press release.
Financial Outlook
Pluralsight is providing the following financial guidance for the third quarter of 2019 and the full year 2019:
Third Quarter 2019 Guidance
•
Revenue is expected to be in the range of $79.5 million to $80 million.
•
Adjusted pro forma net loss per share is expected to be in the range of $0.15 to $0.13, assuming weighted-average shares outstanding of approximately 138 million.



Full Year 2019 Guidance
•
Revenue is expected to be in the range of $312 million to $318 million.
•
Adjusted pro forma net loss per share is expected to be in the range of $0.42 to $0.38, assuming weighted-average shares outstanding of approximately 137 million.
Guidance for non-GAAP financial measures excludes equity-based compensation, amortization of acquired intangible assets, employer payroll taxes on employee stock transactions, secondary offering costs, acquisition-related costs, amortization of debt discount and issuance costs, and loss on debt extinguishment. Pluralsight has not reconciled its expectations as to adjusted pro forma net loss per share to their most directly comparable GAAP measures because certain items cannot be reasonably predicted. Accordingly, a reconciliation for expectations of adjusted pro forma net loss per share is not available without unreasonable effort.
Conference Call Information
Pluralsight will host a conference call for analysts and investors to discuss its second quarter 2019 results and outlook for its third and fourth quarters and full year 2019, today at 2:30 p.m. Mountain time (4:30 p.m. Eastern time).
Date:
July 31, 2019
Time:
2:30 p.m. MT (4:30 p.m. ET)
Webcast:
https://investors.pluralsight.com/
Dial-in number:
(877) 350-6732 or (629) 228-0693, conference ID: 3377505
A live audio webcast of the conference call will also be accessible from the Pluralsight website at investors.pluralsight.com. A telephonic replay of the call will be available three hours after the call, will run for seven days, and may be accessed by dialing (855) 859-2056 or (404) 537-3406 and entering the passcode 3377505.
About Pluralsight
Pluralsight is an enterprise technology skills platform that delivers a unified, end-to-end learning experience for businesses across the globe. Through a subscription service, companies are empowered to move at the speed of technology, increasing proficiency, innovation and efficiency. Founded in 2004 and trusted by Fortune 500 companies, Pluralsight provides customers with on-demand access to a digital ecosystem of learning tools, including adaptive skill tests, directed learning paths, expert-authored courses, interactive labs and analytics. For more information, visit pluralsight.com.
Pluralsight and the Pluralsight logo are trademarks of Pluralsight, LLC in the United States and in jurisdictions throughout the world.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws that involve risks and uncertainties, including statements regarding our future financial and operating performance, including our financial outlook for the third quarter 2019, the full year 2019 and future periods. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: the pace of market adoption of


cloud-based learning solutions; our ability to expand our course library and develop new platform features; our ability to successfully integrate GitPrime into our platform; competition; our ability to attract and retain customers; our ability to increase sales of subscriptions to our platform to customers; our ability to expand our sales and marketing capabilities and to improve sales management and execution; and general market, political, economic, and business conditions.
Additional risks and uncertainties that could affect our financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K/A filed with the SEC on June 27, 2019 and in our quarterly report on Form 10-Q filed with the SEC on July 31, 2019, which is available on our website at investors.pluralsight.com and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.
Key Business Metrics
Billings. Billings represents total revenue plus the change in deferred revenue in the period, as presented in our condensed consolidated statements of cash flows, less the change in contract assets and unbilled accounts receivable in the period. Billings in any particular period represents amounts invoiced to customers and reflects subscription renewals and upsells to existing customers plus sales to new customers. We use billings to measure our ability to sell subscriptions to our platform to both new and existing customers. We use billings from business customers and our percentage of billings from business customers to measure and monitor our ability to sell subscriptions to our platform to business customers.
Non-GAAP Financial Measures
Pluralsight has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). Pluralsight uses the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating loss, adjusted pro forma net loss, adjusted pro forma net loss per share, and free cash flow in analyzing its financial results and believes that the use of these metrics is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Pluralsight’s financial results with other companies in its industry, many of which present similar non-GAAP financial measures.
The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. A reconciliation of our historical non-GAAP financial measures to their most directly comparable GAAP measures have been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations.
Non-GAAP gross profit. We define non-GAAP gross profit as gross profit plus equity-based compensation, amortization of acquired intangible assets, and employer payroll taxes on employee stock transactions.


Non-GAAP gross margin. We define non-GAAP gross margin as non-GAAP gross profit divided by our revenue.
Non-GAAP operating loss. We define non-GAAP operating loss as loss from operations plus equity-based compensation, amortization of acquired intangible assets, employer payroll taxes on employee stock transactions, secondary offering costs, and acquisition-related costs.
Adjusted pro forma net loss and adjusted pro forma net loss per share. We define adjusted pro forma net loss as net loss attributable to Pluralsight, Inc. adjusted for the reallocation of loss attributable to non-controlling interests from the assumed exchange of LLC Units of Pluralsight Holdings for newly-issued shares of Class A common stock of Pluralsight, Inc. and further adjusted for equity-based compensation, amortization of acquired intangible assets, employer payroll taxes on employee stock transactions, secondary offering costs, acquisition-related costs, amortization of debt discount and issuance costs, and loss on debt extinguishment. We define adjusted pro forma net loss per share as adjusted pro forma net loss divided by the weighted-average shares of Class A common stock outstanding, assuming the full exchange of all outstanding LLC Units of Pluralsight Holdings for newly-issued shares of Class A common stock of Pluralsight, Inc.
Free cash flow. We define free cash flow as cash used in operating activities less purchases of property and equipment and purchases of our content library.



PLURALSIGHT, INC.
Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
(unaudited)

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Revenue
 
$
75,862

 
$
53,572

 
$
145,479

 
$
103,216

Cost of revenue(1)(2)
 
17,801

 
15,933

 
34,511

 
30,819

Gross profit
 
58,061

 
37,639

 
110,968

 
72,397

Operating expenses(1)(2):
 
 
 
 
 
 
 
 
Sales and marketing
 
49,994

 
41,857

 
94,125

 
71,324

Technology and content
 
24,786

 
18,396

 
45,030

 
31,721

General and administrative
 
20,601

 
26,002

 
42,774

 
37,294

Total operating expenses
 
95,381

 
86,255

 
181,929

 
140,339

Loss from operations
 
(37,320
)
 
(48,616
)
 
(70,961
)
 
(67,942
)
Other (expense) income:
 
 
 
 
 
 
 
 
Interest expense
 
(7,697
)
 
(2,424
)
 
(9,721
)
 
(6,134
)
Loss on debt extinguishment
 
—

 
(4,085
)
 
—

 
(4,085
)
Other income, net
 
4,040

 
48

 
5,654

 
35

Loss before income taxes
 
(40,977
)
 
(55,077
)
 
(75,028
)
 
(78,126
)
Provision for income taxes
 
(143
)
 
(143
)
 
(297
)
 
(252
)
Net loss
 
$
(41,120
)
 
$
(55,220
)
 
$
(75,325
)
 
$
(78,378
)
Less: Net loss attributable to non-controlling interests
 
(11,740
)
 
(13,910
)
 
(26,690
)
 
(13,910
)
Net loss attributable to Pluralsight, Inc.
 
$
(29,380
)
 
$
(41,310
)
 
$
(48,635
)
 
$
(64,468
)
Less: Accretion of Series A redeemable convertible preferred units
 
—

 
(156,750
)
 
—

 
(176,275
)
Net loss attributable to common shares
 
$
(29,380
)
 
$
(198,060
)
 
$
(48,635
)
 
$
(240,743
)
Net loss per share, basic and diluted(3)
 
$
(0.30
)
 
$
(0.20
)
 
$
(0.56
)
 
$
(0.20
)
Weighted-average common shares used in computing basic and diluted net loss per share(3)
 
97,608

 
62,252

 
86,827

 
62,252


(1) Includes equity-based compensation as follows:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Cost of revenue
 
$
133

 
$
89

 
$
217

 
$
89

Sales and marketing
 
7,952

 
7,356

 
14,228

 
7,895

Technology and content
 
5,137

 
4,571

 
8,847

 
4,952

General and administrative
 
9,510

 
16,963

 
19,708

 
19,416

Total equity-based compensation
 
$
22,732

 
$
28,979

 
$
43,000

 
$
32,352






PLURALSIGHT, INC.
Condensed Consolidated Statements of Operations (cont.)
(in thousands)
(unaudited)

(2) Includes amortization of acquired intangible assets as follows:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Cost of revenue
 
$
702

 
$
2,961

 
$
1,227

 
$
5,923

Sales and marketing
 
29

 
194

 
29

 
389

Technology and content
 
176

 
177

 
353

 
353

Total amortization of acquired intangible assets
 
$
907

 
$
3,332

 
$
1,609

 
$
6,665


(3) Net loss per share, basic and diluted and weighted-average common shares used in computing basic and diluted net loss per share for the three and six months ended June 30, 2018 reflect only the activity for the portion of the period following following Pluralsight, Inc.'s initial public offering and the related reorganization transactions.























PLURALSIGHT, INC.
Key Business Metrics and Non-GAAP Financial Measures
(dollars in thousands)
(unaudited)


Key Business Metrics
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Billings
 
$
80,552

 
$
65,297

 
$
158,480

 
$
120,716

Billings from business customers
 
$
69,104

 
$
54,623

 
$
136,260

 
$
99,875

% of billings from business customers
 
86
%
 
84
%
 
86
%
 
83
%
Non-GAAP Financial Measures
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Reconciliation of gross profit to non-GAAP gross profit:
 
 
 
 
 
 
 
 
Gross profit
 
$
58,061

 
$
37,639

 
$
110,968

 
$
72,397

Equity-based compensation
 
133

 
89

 
217

 
89

Amortization of acquired intangible assets
 
702

 
2,961

 
1,227

 
5,923

Employer payroll taxes on employee stock transactions
 
13

 
—

 
16

 
—

Non-GAAP gross profit
 
$
58,909

 
$
40,689

 
$
112,428

 
$
78,409

Gross margin
 
77
%
 
70
%
 
76
%
 
70
%
Non-GAAP gross margin
 
78
%
 
76
%
 
77
%
 
76
%
Reconciliation of loss from operations to non-GAAP operating loss:
 
 
 
 
 
 
 
 
Loss from operations
 
$
(37,320
)
 
$
(48,616
)
 
$
(70,961
)
 
$
(67,942
)
Equity-based compensation
 
22,732

 
28,979

 
43,000

 
32,352

Amortization of acquired intangible assets
 
907

 
3,332

 
1,609

 
6,665

Employer payroll taxes on employee stock transactions
 
1,329

 
—

 
2,773

 
—

Secondary offering costs
 
—

 
—

 
918

 
—

Acquisition-related costs
 
835

 
—

 
835

 
—

Non-GAAP operating loss
 
$
(11,517
)
 
$
(16,305
)
 
$
(21,826
)
 
$
(28,925
)


PLURALSIGHT, INC.
Key Business Metrics and Non-GAAP Financial Measures (cont.)
(in thousands, except per share amounts)
(unaudited)

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Adjusted pro forma net loss per share
 
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
 
GAAP net loss attributable to common shares
 
$
(29,380
)
 
$
(198,060
)
 
$
(48,635
)
 
$
(240,743
)
Accretion of Series A redeemable convertible preferred units
 
—

 
156,750

 
—

 
176,275

Reallocation of net loss attributable to non-controlling interests from the assumed exchange of LLC Units of Pluralsight Holdings for Class A common stock
 
(11,740
)
 
(13,910
)
 
(26,690
)
 
(13,910
)
Equity-based compensation
 
22,732

 
28,979

 
43,000

 
32,352

Amortization of acquired intangibles
 
907

 
3,332

 
1,609

 
6,665

Employer payroll taxes on employee stock transactions
 
1,329

 
—

 
2,773

 
—

Secondary offering costs
 
—

 
—

 
918

 
—

Acquisition-related costs
 
835

 
—

 
835

 
—

Amortization of debt discount and issuance costs
 
6,749

 
53

 
8,294

 
126

Loss on debt extinguishment
 
—

 
4,085

 
—

 
4,085

Adjusted pro forma net loss
 
$
(8,568
)
 
$
(18,771
)
 
$
(17,896
)
 
$
(35,150
)
Denominator:
 
 
 
 
 
 
 
 
Weighted-average shares of Class A common stock outstanding
 
97,608

 
*
 
86,827

 
*
Weighted-average LLC Units of Pluralsight Holdings that are convertible into Class A common stock
 
39,006

 
*
 
48,923

 
*
Adjusted pro forma weighted-average common shares outstanding, basic and diluted
 
136,614

 
89,006

 
135,750

 
68,819

Adjusted pro forma net loss per share
 
$
(0.06
)
 
$
(0.21
)
 
$
(0.13
)
 
$
(0.51
)
(*) Weighted-average shares of Class A common stock and LLC Units of Pluralsight Holdings are not presented for the three and six months ended June 30, 2018 as these amounts are only presented on a GAAP basis for the portion of the period following Pluralsight, Inc.'s initial public offering and related reorganization transactions.

Reconciliation of net cash used in operating activities to free cash flow:
 
 
 
 
 
 
 
 
Net cash used in operating activities
 
$
(7,181
)
 
$
(5,793
)
 
$
(1,641
)
 
$
(16,217
)
Less: Purchases of property and equipment
 
(2,457
)
 
(2,706
)
 
(4,590
)
 
(4,574
)
Less: Purchases of content library
 
(1,504
)
 
(735
)
 
(2,441
)
 
(1,504
)
Free cash flow
 
$
(11,142
)
 
$
(9,234
)
 
$
(8,672
)
 
$
(22,295
)











PLURALSIGHT, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(unaudited)

 
 
June 30,
2019
 
December 31,
2018
 
 
 
 
 
Assets
 
 
 
 
Current assets:
 
 
 
 
Cash and cash equivalents
 
$
260,313

 
$
194,306

Short-term investments
 
276,818

 
—

Accounts receivable, net
 
57,625

 
63,436

Deferred contract acquisition costs, net
 
17,079

 
—

Prepaid expenses and other current assets
 
13,115

 
8,323

Total current assets
 
624,950

 
266,065

Restricted cash
 
27,970

 
16,765

Long-term investments
 
35,654

 
—

Property and equipment, net
 
49,028

 
31,641

Content library, net
 
7,510

 
7,050

Intangible assets, net
 
25,483

 
1,759

Goodwill
 
261,722

 
123,119

Deferred contract acquisition costs, noncurrent, net
 
3,252

 
—

Other assets
 
1,367

 
1,064

Total assets
 
$
1,036,936

 
$
447,463

Liabilities and stockholders' equity
 
 
 
 
Current liabilities:
 
 
 
 
Accounts payable
 
$
8,608

 
$
7,160

Accrued expenses
 
29,332

 
32,047

Accrued author fees
 
11,301

 
10,002

Deferred revenue
 
172,310

 
157,695

Total current liabilities
 
221,551

 
206,904

Deferred revenue, noncurrent
 
13,748

 
14,886

Convertible senior notes, net
 
487,915

 
—

Facility financing obligations
 
31,668

 
15,777

Other liabilities
 
1,948

 
1,303

Total liabilities
 
756,830

 
238,870

Stockholders' equity:
 
 
 
 
Preferred stock
 
—

 
—

Class A common stock
 
10

 
7

Class B common stock
 
2

 
6

Class C common stack
 
1

 
1

Additional paid-in capital
 
599,558

 
456,899

Accumulated other comprehensive income (loss)
 
237

 
(41
)
Accumulated deficit
 
(394,048
)
 
(355,446
)
Total stockholders’ equity attributable to Pluralsight, Inc.
 
205,760

 
101,426

Non-controlling interests
 
74,346

 
107,167

Total stockholders’ equity
 
280,106

 
208,593

Total liabilities and stockholders' equity
 
$
1,036,936

 
$
447,463



PLURALSIGHT, INC.
Condensed Consolidated Statements of Cash Flows
(in thousands)
(unaudited)
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Operating activities
 
 
 
 
 
 
 
 
Net loss
 
$
(41,120
)
 
$
(55,220
)
 
$
(75,325
)
 
$
(78,378
)
Adjustments to reconcile net loss to net cash used in operating activities:
 
 
 
 
 
 
 
 
Depreciation of property and equipment
 
2,140

 
2,167

 
4,196

 
4,358

Amortization of acquired intangible assets
 
907

 
3,332

 
1,609

 
6,665

Amortization of course creation costs
 
611

 
483

 
1,190

 
930

Equity-based compensation
 
22,732

 
28,979

 
43,000

 
32,352

Amortization of deferred contract acquisition costs
 
5,444

 
—

 
11,311

 
—

Amortization of debt discount and issuance costs
 
6,749

 
339

 
8,294

 
1,215

Investment discount and premium amortization, net
 
(706
)
 
—

 
(706
)
 
 
Provision for doubtful accounts
 
(5
)
 
136

 
22

 
358

Deferred tax benefit
 
48

 
(64
)
 
21

 
(64
)
Debt extinguishment costs
 
—

 
4,180

 
—

 
4,180

Other
 
232

 
—

 
257

 
—

Changes in assets and liabilities, net of acquired assets and liabilities:
 
 
 
 
 
 
 
 
Accounts receivable
 
(4,276
)
 
(5,467
)
 
7,116

 
1,335

Deferred contract acquisition costs
 
(5,579
)
 
—

 
(11,430
)
 
—

Prepaid expenses and other assets
 
(2,277
)
 
(1,892
)
 
(4,194
)
 
(3,858
)
Accounts payable
 
35

 
(2,651
)
 
1,070

 
(588
)
Accrued expenses and other liabilities
 
2,605

 
7,364

 
(2,374
)
 
(2,839
)
Accrued author fees
 
564

 
796

 
1,299

 
617

Deferred revenue
 
4,715

 
11,725

 
13,003

 
17,500

Net cash used in operating activities
 
(7,181
)
 
(5,793
)
 
(1,641
)
 
(16,217
)
Investing activities
 
 
 
 
 
 
 
 
Purchases of property and equipment
 
(2,457
)
 
(2,706
)
 
(4,590
)
 
(4,574
)
Purchases of content library
 
(1,504
)
 
(735
)
 
(2,441
)
 
(1,504
)
Cash paid for acquisition, net of cash acquired
 
(163,871
)
 
—

 
(163,871
)
 
—

Purchases of investments
 
(317,080
)
 
—

 
(317,080
)
 
—

Proceeds from sales of investments
 
4,967

 
—

 
4,967

 
—

Net cash used in investing activities
 
(479,945
)
 
(3,441
)
 
(483,015
)
 
(6,078
)
Financing activities
 
 
 
 
 
 
 
 
Proceeds from issuance of convertible senior notes, net of discount and issuance costs
 
(1,009
)
 
—

 
616,654

 
—

Purchase of capped calls related to issuance of convertible senior notes
 
—

 
—

 
(69,432
)
 
—

Proceeds from issuance of common stock from employee equity plans
 
12,010

 
 
 
14,631

 
—

Proceeds from initial public offering, net of underwriting discounts and commissions
 
—

 
332,080

 
—

 
332,080

Payments of costs related to initial public offering
 
—

 
(1,186
)
 
—

 
(3,085
)
Borrowings of long-term debt
 
—

 
—

 
—

 
20,000

Repayments of long-term debt
 
—

 
(137,710
)
 
—

 
(137,710
)
Payments of debt extinguishment costs
 
—

 
(2,162
)
 
—

 
(2,162
)
Payments of debt issuance costs
 
—

 
—

 
—

 
(450
)
Payments to settle equity appreciation rights
 
—

 
(325
)
 
—

 
(325
)
Taxes paid related to net share settlement
 
—

 
(78
)
 
—

 
(78
)
Other
 
(3
)
 
(4
)
 
(7
)
 
(8
)
Net cash provided by financing activities
 
10,998

 
190,615

 
561,846

 
208,262

Effect of exchange rate changes on cash, cash equivalents, and restricted cash
 
(4
)
 
(95
)
 
22

 
(86
)
Net increase in cash, cash equivalents, and restricted cash
 
(476,132
)
 
181,286

 
77,212

 
185,881

Cash, cash equivalents, and restricted cash, beginning of period
 
764,415

 
33,072

 
211,071

 
28,477

Cash, cash equivalents, and restricted cash, end of period
 
$
288,283

 
$
214,358

 
$
288,283

 
$
214,358



Investor Relations Contact:
Mark McReynolds
Investor Relations
Pluralsight
801-784-9007
ir@pluralsight.com

Media Contact:
DJ Anderson
Communications/Press
Pluralsight
801-784-9007
dj@pluralsight.com


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on / For Period end:7/31/19
6/30/19
6/27/1910-K/A
12/31/1810-K,  10-K/A,  4
6/30/1810-Q
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