NEA accounts for subscriptions that are received in advance the...

NEA accounts for subscriptions that are received in advance the same as all software Co's , Although the cash is received it is only booked on a monthly basis ( normally in arrears ). I assume it's the same for the 4c. ie 12 mnth subscriptions are not full accounted for, in the month of receipt into the bank .Assuming you don't have a roll off of previous 9- 12 month subscriptions in the next 3 to 9 months the current qtly cash flow is approx the base line cash flow for the next 9-12 months. Any new subscriptions will only increase this base line cash flow.This accounting methoed allows great base line cash flow visability going forward...this was not explained furing the conference call