| (1) | Adjustment for revenue not recognized under GAAP due to acquisition accounting adjustments associated with the accounting for deferred revenue in significant business combinations. |
The following table provides a reconciliation of Non-GAAP total software product revenue to total software product revenue, the most comparable GAAP financial measure:
| (Unaudited) | ||||||||||||||||
|
Three Months Ended
September 30, |
Nine Months Ended
September 30, | |||||||||||||||
| (in thousands) | 2019 | 2018 | 2019 | 2018 | ||||||||||||
| Total software product revenue | $ | 77,816 | $ | 64,182 | $ | 265,515 | $ | 224,458 | ||||||||
| Acquisition related deferred revenue(1) | 2,250 | — | 6,750 | — | ||||||||||||
| Non-GAAP total software product revenue | $ | 80,066 | $ | 64,182 | $ | 272,265 | $ | 224,458 | ||||||||
| (1) | Adjustment for revenue not recognized under GAAP due to acquisition accounting adjustments associated with the accounting for deferred revenue in significant business combinations. |
The following table provides a recompilation of Free Cash Flow to net cash provided by operating activities, the most comparable GAAP financial measure:
| (Unaudited) | ||||||||||||||||
|
Three Months Ended
September 30, |
Nine Months Ended
September 30, | |||||||||||||||
| (in thousands) | 2019 | 2018 | 2019 | 2018 | ||||||||||||
| Net cash (used in) provided by operating activities | $ | (1,863 | ) | $ | 3,109 | $ | 30,005 | $ | 40,422 | |||||||
| Capital expenditures | (1,453 | ) | (2,203 | ) | (8,120 | ) | (5,333 | ) | ||||||||
| Free cash flow | $ | (3,316 | ) | $ | 906 | $ | 21,885 | $ | 35,089 | |||||||
Effective January 1, 2018, we adopted Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (ASC 606). The following table sets forth selected quarterly information under ASC 606 for 2018:
