Acacia communications, inc. (ACIA)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

15,644

12,782

15,105

-2,025

6,977

9,088

8,151

-3,245

-9,078

-20,364

18,499

4,664

35,709

64,494

34,888

17,597

14,598

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation

2,700

3,300

3,000

3,100

3,200

3,500

3,500

3,334

3,266

3,199

3,260

2,964

2,877

2,632

2,716

2,154

1,666

Stock-based compensation

9,384

9,436

8,710

8,999

8,008

7,728

7,739

7,588

6,538

6,211

6,420

6,110

4,632

4,609

6,675

9,171

290

Deferred income taxes

-387

-4,787

-3,788

-3,057

-1,449

11,914

1,042

-6,584

-3,239

5,201

-9,630

-12,449

-1,490

-7,191

-4,699

356

-810

Non-cash lease expense

1,206

1,205

1,261

1,332

1,074

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash benefits

247

274

531

796

643

443

309

92

-45

-187

-101

-82

-76

-191

61

-8

8

Fair Value Adjustment of Warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,609

-248

Changes in operating assets and liabilities:
Increase (Decrease) in Accounts Receivable

-1,122

-1,796

10,248

6,105

-7,440

9,366

25,066

-18,366

-11,837

-9,020

12,711

-31,980

6,764

6,378

23,860

13,756

22,873

Inventory

-4,520

3,513

-1,244

11,839

1,201

-9,188

-15,951

-6,506

-5,076

12,249

8,297

8,002

2,003

2,487

5,930

-2,418

-2,238

Prepaid expenses and other current assets

1,662

-1,759

1,247

-4,763

-805

2,396

-10,851

1,571

665

1,384

-1,565

1,286

5,435

8,296

1,599

637

389

Deferred product costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206

-513

-1,481

Other assets

-324

190

-135

151

96

-376

-124

-405

-208

-40

98

994

3,566

440

63

52

57

Accounts payable

-2,828

392

-837

-2,048

1,658

15,452

3,364

-5,334

-12,105

7,507

2,486

-831

-11,533

-634

982

9,505

13,424

Accrued liabilities

-3,803

-1,064

7,598

15,555

4,661

-3,004

1,590

-9,580

5,527

699

5,333

-865

1,790

-1,623

13,173

508

2,318

Deferred revenue

-2,155

-7,584

7,623

-1,439

519

2,647

2,884

-532

3,358

-456

-247

-56

211

-6,582

867

-519

-153

Income taxes payable

0

0

0

-812

-862

-10,414

0

0

-1,829

21,034

0

0

0

-

-

-

-

Lease liabilities

1,852

800

2,044

882

815

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

119

92

293

156

9

1,124

44

-541

121

-179

533

103

356

-116

625

162

406

Net cash provided by operating activities

22,055

12,535

26,218

4,738

29,328

35,408

29,863

8,754

9,060

18,446

7,214

21,373

14,860

38,475

21,449

31,021

11,899

Purchases of property and equipment

2,742

2,726

3,039

3,348

2,724

3,373

1,604

2,979

6,704

4,081

2,025

2,398

5,608

4,987

4,234

1,812

6,221

Purchases of marketable securities

81,937

116,629

129,883

124,489

105,206

132,711

107,113

69,080

73,534

130,267

73,081

116,594

116,652

-

-

-

-

Sales and maturities of marketable securities

111,701

76,540

124,439

93,198

90,290

115,331

60,081

77,678

87,830

65,382

77,053

61,400

38,900

-

-

-

-

Deposits

7

0

2

0

0

52

27

0

-20

-116

22

30

0

44

19

12

11

Net cash provided by (used in) investing activities

27,015

-42,815

-8,485

-34,639

-17,640

-20,805

-48,663

5,619

7,612

-68,850

1,925

-57,622

-83,360

-56,463

-56,972

-1,824

-6,232

Payment of capital lease obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

10

24

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

Payment of public offering costs

-

-

-

-

-

-

-

-

-

0

0

13

188

1,374

645

992

479

Proceeds from the issuance of common stock under stock-based compensation plans

323

2,429

560

2,544

1,400

2,493

433

1,919

968

2,138

458

2,199

883

2,278

73

165

118

Net cash provided by financing activities

323

2,429

560

2,544

1,400

-24,520

-11,495

1,148

968

2,138

458

2,186

695

103,106

-572

96,928

-393

Net increase in cash and cash equivalents

49,393

-27,851

18,293

-27,357

13,088

-9,917

-30,295

15,521

17,640

-48,266

9,597

-34,063

-67,805

85,118

-36,095

126,119

5,280

Effect of exchange rates on cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

Supplemental cash flow disclosures:
(Refunds received) cash paid for income taxes, net

545

-1,101

1,968

-118

-878

-11,927

6,215

731

-72

625

7

967

-134

298

-18

579

2,240

Supplemental disclosure of non-cash investing and financing activities:
Right of use assets acquired under operating leases

4,846

0

0

3,756

3,328

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures incurred but not yet paid

787

715

-995

756

862

-1,530

701

-530

1,555

2,133

469

-1,007

1,147

1,675

-1,167

835

639

Public offering costs incurred but not yet paid

-

-

-

-

-

-

-

-

-

-

-

-

13

-746

418

204

324

Accretion of redemption value on redeemable convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

562

1,066

Accretion of redeemable convertible preferred stock issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

74

20