Accuray incorporated (ARAY)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
Cash flows from operating activities
Net income (loss)

2,625

10,710

-9,356

-1,400

-1,184

-4,640

-9,206

-946

-8,852

-4,719

-9,382

-

-

-9,369

-9,926

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-28,083

-

-1,160

4,098

-4,640

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,207

756

-6,027

-13,026

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,967

-9,992

-21,650

-

-4,665

-5,441

-15,533

-18,715

-31,203

-25,513

-21,930

-

-

-

-

-

-

-

-

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14,305

-

-

-

-

-

-

-

-

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization

1,869

1,847

1,865

4,403

1,914

2,045

2,129

2,345

2,380

2,493

2,514

4,195

4,568

4,625

4,655

4,652

4,583

4,502

4,559

4,629

4,904

4,982

4,978

5,018

4,970

5,128

5,448

5,719

5,925

6,093

7,827

8,080

7,991

8,202

8,319

3,120

1,556

1,501

1,389

Impairment of indefinite lived intangible asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

12,200

-

-

-

-

-

-

-

-

Share-based compensation

2,016

2,149

1,700

2,822

2,880

1,687

3,212

3,215

3,204

3,438

2,432

3,644

3,598

2,914

3,473

3,192

3,567

3,365

2,514

3,426

3,377

3,854

3,273

3,070

3,260

2,803

2,180

2,097

2,068

2,296

1,755

2,157

1,745

1,947

2,609

6,970

1,944

1,955

2,496

Amortization of debt issuance costs

344

332

329

371

393

384

380

370

391

420

448

2,620

383

379

403

449

508

368

403

389

382

369

363

355

361

349

343

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and accretion of discount and premium on investments

-

-

-

-

-

-

-

-

-

-

-

3

-7

-22

-41

-70

-195

-266

-270

-286

-244

-222

-266

-288

-366

-440

-490

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of interest on debt

1,072

1,053

965

882

863

815

811

787

862

865

862

1,935

661

640

816

1,166

1,285

1,950

1,920

1,864

1,837

1,781

1,759

1,586

1,205

1,166

1,148

1,110

1,093

1,058

1,041

1,006

993

958

639

-

-

-

-

Provision for bad debt

316

831

22

42

24

-122

3,737

1

-96

14

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recovery of bad debt, net

-

-

-

-

-

-

-

-

-

-

-

-

-1

-36

-27

-

34

92

36

57

-20

76

-127

-161

-302

-234

-10

1,104

56

-446

73

395

-345

1,796

-454

128

-25

-15

151

Provision for write-down of inventories

669

1,216

992

241

797

589

713

499

-85

835

354

1,122

466

362

303

972

743

305

424

380

380

488

259

744

610

692

790

3,537

1,310

33

375

122

987

-558

1,578

1,011

12

254

421

Loss on disposal of property and equipment

-9

0

0

-2,338

-94

-137

-19

0

19

0

-11

-

-

-

-

-142

-3

0

-8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-334

-95

126

-9

Loss on extinguishment of debt

-

-

-

-

-

-

-

0

-260

0

-3,192

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on previously held equity interest in Morphormics

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

662

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

113

0

0

1,050

-1,890

-50

223

112

-

-

-

-

Accounts receivable

16,070

-16,804

-6,785

11,194

13,453

20,141

1,377

-15,658

-1,721

12,088

-1,932

-12,944

14,428

15,005

-757

-27,288

21,253

9,943

-20,902

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-827

11,107

-17,726

12,798

-14,936

12,924

4,000

2,380

-7,823

5,354

-10,769

-3,780

-2,094

-1,623

16,659

-14,854

14,636

-6,904

-1,576

Inventories

6,634

6,731

10,479

-3,598

6,045

1,568

10,150

-5,971

2,824

3,040

8,792

-10,061

-173

1,042

1,517

-833

5,666

-1,524

7,193

-3,446

5,912

5,481

13,147

-6,500

7,132

888

6,821

-7,101

4,940

6,988

320

-2,685

2,862

-559

-11,545

-3,505

-957

5,753

3,030

Prepaid expenses and other assets

304

-937

-2,049

5,667

3,795

2,491

1,096

-358

2,004

-3,349

-2,506

1,026

3,180

1,195

-964

-4,009

447

3,481

65

2,054

-387

483

-3,233

22

4,571

-1,436

2,084

-4,140

1,629

-5,544

3,673

1,845

3,335

-5,124

-2,579

1,993

-71

-1,885

1,089

Deferred cost of revenue

51

-134

2

-11

-115

54

-459

-1,792

576

-215

-991

-847

-1,003

-1,414

-57

-3,393

-737

1,974

704

-2,157

-3,686

-465

-1,468

3,501

-2,128

3,097

405

1,672

-618

2,629

322

-1,517

-2,314

-1,975

3,726

-2,083

-188

-5,773

458

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

87

-118

133

Accounts payable

4,352

-2,014

-5,704

3,991

-6,093

5,302

6,256

-3,461

-2,622

3,294

4,791

-6,060

-1,821

8,302

1,768

-6,320

2,009

6,005

710

-608

-2,527

1,304

9

-3,386

3,234

-3,124

2,219

1,057

-5,532

-6,470

9,805

-5,622

1,171

-2,964

-14,010

13,612

1,059

-2,650

-1,359

Operating lease liabilities, net

130

249

82

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-5,632

3,002

-14,086

9,399

7,567

2,455

-8,564

3,577

6,059

3,594

-11,653

6,196

4,722

2,383

-4,985

-3,233

-4,125

5,427

-13

-560

-5,004

10,187

-13,237

10,756

4,427

4,890

1,623

-6,212

1,558

1,001

-14,872

5,039

8,223

-4,143

-19,657

10,299

271

2,830

-3,632

Customer advances

-214

-378

-1,707

-2,656

3,129

701

-3,723

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenues

2,735

-225

2,088

1,991

6,672

1,126

-1,423

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer advances

-

-

-

-

-

-

-

-

-

-

2,374

-

-6,033

4,045

-926

2,310

-26

-3,315

3,609

236

-391

-19

751

-2,482

1,068

1,226

1,932

1,526

-2,234

-2,785

2,834

-711

-3,873

-813

-1,647

-887

-653

-1,822

2,453

Deferred revenues

-

-

-

-

-

-

-

-

-

-

-5,615

-

2,410

-2,698

-2,619

-11,446

7,896

8,010

-2,098

2,494

2,723

5,088

-643

2,676

-6,237

6,091

1,426

-4,538

4,537

6,295

-2,707

-3,248

6,931

9,441

7,763

-6,273

1,101

-4,487

-4,401

Net cash used in operating activities

-12,121

16,454

-24,621

9,086

-7,129

-13,775

-17,823

27,886

4,185

-713

-13,027

23,139

-12,497

-4,259

-6,763

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities
Net cash (used in) provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,186

8,024

12,256

-

382

1,734

-14,719

-488

13,744

-1,656

-11,254

-4,236

-20,130

-28,649

-13,162

-5,492

5,630

10,899

-49,316

21,492

-9,304

10,462

-10,247

Purchases of property and equipment

231

1,266

1,267

1,075

1,018

616

1,602

1,678

2,621

1,048

929

1,412

483

1,837

1,299

2,181

1,760

2,581

1,544

4,520

1,755

1,479

2,691

2,316

2,716

3,693

3,206

3,505

2,414

3,888

5,319

3,055

3,814

2,905

995

-39

811

1,918

1,332

Purchase of intangible asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

232

-

-

-

-

-

-

-

-

Purchases of investments

-

-

-

-

-

-

-

-

-

-

-

0

0

6,000

8,992

11,644

19,582

17,691

15,439

37,291

13,860

10,272

45,739

13,733

18,905

6,392

5,125

-

-

-

-

-

-

-

-

0

29,091

24,716

46,903

Sales and maturities of investments

-

-

-

-

-

-

-

-

-

-

-

0

14,989

7,808

15,382

34,989

16,190

17,505

12,000

26,874

13,002

1,950

79,470

19,985

21,764

15,978

6,851

-

-

-

-

-

-

-

-

85,597

45,888

20,593

54,336

Net cash used in investing activities

-401

-1,266

-1,267

-1,075

-1,018

-616

-1,602

-1,571

21,254

-988

-929

-1,745

14,506

-29

5,091

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities
Acquisition of business, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,861

0

0

0

1,384

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,152

-2,767

-4,983

-

-2,613

-9,801

31,040

3,936

143

5,893

-1,480

-105,908

-2,414

-3,888

-9,412

-3,055

-3,814

-2,905

-2,379

15,371

15,986

-6,041

6,101

Proceeds from employee stock plans

1

1,358

0

712

1,167

1,211

837

1,509

844

1,136

900

711

1,025

823

1,227

899

895

1,021

1,034

1,348

2,173

1,148

1,886

-

3,351

3,434

629

-

-

-

-

-

-

-

-

-

-

-

-

Taxes paid related to net share settlement of equity awards

0

0

207

-

-

0

0

0

0

274

19

578

104

638

99

-213

204

1,781

1,060

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

251

1,745

674

1,119

911

2,320

738

1,740

803

Payments made to note and loan holders

-

-

-

-

-

-

-

0

40,216

0

29,581

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from debt, net of costs

0

0

24,716

14,968

0

5,000

0

0

0

38,829

27,282

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments made to note holders

-

-

-

-

-

-

-

-

-

-

-

-

1,175

5,875

36,608

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under Revolving Credit Facility, net

5,441

-5,924

2,941

-1,920

7,645

2,116

-3,263

-4,322

3,024

-26,816

251

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

5,442

-4,566

27,450

13,760

8,812

8,327

-2,426

-2,813

-36,348

12,875

-1,167

-13,114

-254

-5,690

-35,480

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-703

1,880

-1,852

1,061

-671

111

-377

-2,879

1,642

207

684

2,546

1,297

-4,230

584

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from debt, net of costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

96,100

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-208

-760

-26

-

2,072

754

1,886

1,183

3,330

3,235

629

1,900

110,870

4,896

251

1,745

674

1,119

97,011

1,347

738

2,713

803

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,600

-1,630

-1,214

-

-1,665

-2,709

-3,258

-298

349

539

1,228

31

-1,573

553

680

-1,022

371

-796

-1,072

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,867

6,033

-

-1,824

-10,022

14,949

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

451

Net increase (decrease) in cash, cash equivalents and restricted cash

-7,783

12,502

-290

22,832

-6

-5,953

-22,228

20,623

-9,267

11,381

-14,439

10,826

3,052

-14,208

-36,568

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental schedule of non-cash investing and financing activities:
Net increase in cash and cash equivalent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,566

8,011

-10,877

-

86,753

-27,088

-21,643

-7,824

2,861

8,317

44,244

38,574

7,819

6,971

-2,892