ACCURAY INCORPORATED ARAY Cash Flow

Accuray incorporated (ARAY)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10
Cash flows from operating activities
Net income (loss)
2,579	-1,230	-16,580	-16,430	-15,976	-23,644	-23,723	-23,899	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25,504	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-44,354	-70,892	-90,964	-97,361	0	0	0	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
9,984	10,029	10,227	10,491	8,433	8,899	9,347	9,732	11,582	13,770	15,902	18,043	18,500	18,515	18,392	18,296	18,273	18,594	19,074	19,493	19,882	19,948	20,094	20,564	21,265	22,220	23,185	25,564	27,925	29,991	32,100	32,592	27,632	21,197	14,496	7,566	0	0	0
Impairment of indefinite lived intangible asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,200	0	0	0	-	-	-	-	-	-	-	-
Share-based compensation
8,687	9,551	9,089	10,601	10,994	11,318	13,069	12,289	12,718	13,112	12,588	13,629	13,177	13,146	13,597	12,638	12,872	12,682	13,171	13,930	13,574	13,457	12,406	11,313	10,340	9,148	8,641	8,216	8,276	7,953	7,604	8,458	13,271	13,470	13,478	13,365	0	0	0
Amortization of debt issuance costs
1,376	1,425	1,477	1,528	1,527	1,525	1,561	1,629	3,879	3,871	3,830	3,785	1,614	1,739	1,728	1,728	1,668	1,542	1,543	1,503	1,469	1,448	1,428	1,408	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization and accretion of discount and premium on investments
-	-	-	-	-	-	-	-	-	-	-	-67	-140	-328	-572	-801	-1,017	-1,066	-1,022	-1,018	-1,020	-1,142	-1,360	-1,584	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of interest on debt
3,972	3,763	3,525	3,371	3,276	3,275	3,325	3,376	4,524	4,323	4,098	4,052	3,283	3,907	5,217	6,321	7,019	7,571	7,402	7,241	6,963	6,331	5,716	5,105	4,629	4,517	4,409	4,302	4,198	4,098	3,998	3,596	0	0	0	-	-	-	-
Provision for bad debt
1,211	919	-34	3,681	3,640	3,520	3,656	-73	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recovery of bad debt, net
-	-	-	-	-	-	-	-	-	-	-	-	0	0	64	-	219	165	149	-14	-232	-514	-824	-707	558	916	704	787	78	-323	1,919	1,392	1,125	1,445	-366	239	0	0	0
Provision for write-down of inventories
3,118	3,246	2,619	2,340	2,598	1,716	1,962	1,603	2,226	2,777	2,304	2,253	2,103	2,380	2,323	2,444	1,852	1,489	1,672	1,507	1,871	2,101	2,305	2,836	5,629	6,329	5,670	5,255	1,840	1,517	926	2,129	3,018	2,043	2,855	1,698	0	0	0
Loss on disposal of property and equipment
-2,347	-2,432	-2,569	-2,588	-250	-137	0	8	0	0	0	-	-	-	-	-153	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-312	0	0	0
Loss on extinguishment of debt
-	-	-	-	-	-	-	-3,452	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on previously held equity interest in Morphormics
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	662	0	0	0	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,163	-840	-890	-667	-1,605	0	0	0	-	-	-	-
Accounts receivable
3,675	1,058	38,003	46,165	19,313	4,139	-3,914	-7,223	-4,509	11,640	14,557	15,732	1,388	8,213	3,151	-16,994	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,352	-8,757	-6,940	14,786	4,368	11,481	3,911	-10,858	-17,018	-11,289	-18,266	9,162	-1,912	14,818	9,537	-8,698	0	0	0
Inventories
20,246	19,657	14,494	14,165	11,792	8,571	10,043	8,685	4,595	1,598	-400	-7,675	1,553	7,392	4,826	10,502	7,889	8,135	15,140	21,094	18,040	19,260	14,667	8,341	7,740	5,548	11,648	5,147	9,563	7,485	-62	-11,927	-12,747	-16,566	-10,254	4,321	0	0	0
Prepaid expenses and other assets
2,985	6,476	9,904	13,049	7,024	5,233	-607	-4,209	-2,825	-1,649	2,895	4,437	-598	-3,331	-1,045	-16	6,047	5,213	2,215	-1,083	-3,115	1,843	-76	5,241	1,079	-1,863	-5,971	-4,382	1,603	3,309	3,729	-2,523	-2,375	-5,781	-2,542	1,126	0	0	0
Deferred cost of revenue
-92	-258	-70	-531	-2,312	-1,621	-1,890	-2,422	-1,477	-3,056	-4,255	-3,321	-5,867	-5,601	-2,213	-1,452	-216	-3,165	-5,604	-7,776	-2,118	-560	3,002	4,875	3,046	4,556	4,088	4,005	816	-880	-5,484	-2,080	-2,646	-520	-4,318	-7,586	0	0	0
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Accounts payable
625	-9,820	-2,504	9,456	2,004	5,475	3,467	2,002	-597	204	5,212	2,189	1,929	5,759	3,462	2,404	8,116	3,580	-1,121	-1,822	-4,600	1,161	-3,267	-1,057	3,386	-5,380	-8,726	-1,140	-7,819	-1,116	2,390	-21,425	-2,191	-2,303	-1,989	10,662	0	0	0
Operating lease liabilities, net
0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities
-7,317	5,882	5,335	10,857	5,035	3,527	4,666	1,577	4,196	2,859	1,648	8,316	-1,113	-9,960	-6,916	-1,944	729	-150	4,610	-8,614	2,702	12,133	6,836	21,696	4,728	1,859	-2,030	-18,525	-7,274	-609	-5,753	-10,538	-5,278	-13,230	-6,257	9,768	0	0	0
Customer advances
-4,955	-1,612	-533	-2,549	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenues
6,589	10,526	11,877	8,366	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer advances
-	-	-	-	-	-	-	-	-	-	-1,858	-	-604	5,403	-1,957	2,578	504	139	3,435	577	-2,141	-682	563	1,744	5,752	2,450	-1,561	-659	-2,896	-4,535	-2,563	-7,044	-7,220	-4,000	-5,009	-909	0	0	0
Deferred revenues
-	-	-	-	-	-	-	-	-	-	-11,659	-	-14,353	-8,867	1,841	2,362	16,302	11,129	8,207	9,662	9,844	884	1,887	3,956	-3,258	7,516	7,720	3,587	4,877	7,271	10,417	20,887	17,862	12,032	-1,896	-14,060	0	0	0
Net cash used in operating activities
-11,202	-6,210	-36,439	-29,641	-10,841	473	13,535	18,331	13,584	-3,098	-6,644	-380	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from investing activities
Net cash (used in) provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	10,242	-	-13,091	271	-3,119	346	-3,402	-37,276	-64,269	-66,177	-67,433	-41,673	-2,125	-38,279	-11,295	-26,229	-26,666	12,403	0	0	0
Purchases of property and equipment
3,839	4,626	3,976	4,311	4,914	6,517	6,949	6,276	6,010	3,872	4,661	5,031	5,800	7,077	7,821	8,066	10,405	10,400	9,298	10,445	8,241	9,202	11,416	11,931	13,120	12,818	13,013	15,126	14,676	16,076	15,093	10,769	7,675	4,672	3,685	4,022	0	0	0
Purchase of intangible asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	232	0	0	0	-	-	-	-	-	-	-	-
Purchases of investments
-	-	-	-	-	-	-	-	-	-	-	14,992	26,636	46,218	57,909	64,356	90,003	84,281	76,862	107,162	83,604	88,649	84,769	44,155	0	0	0	-	-	-	-	-	-	-	-	100,710	0	0	0
Sales and maturities of investments
-	-	-	-	-	-	-	-	-	-	-	38,179	73,168	74,369	84,066	80,684	72,569	69,381	53,826	121,296	114,407	123,169	137,197	64,578	0	0	0	-	-	-	-	-	-	-	-	206,414	0	0	0
Net cash used in investing activities
-4,009	-4,626	-3,976	-4,311	-4,807	17,465	17,093	17,766	17,592	10,844	11,803	17,823	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from financing activities
Acquisition of business, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,861	3,861	3,861	3,861	1,384	0	0	0	-	-	-	-
Net cash provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-32,334	-	22,562	25,318	41,012	8,492	-101,352	-103,909	-113,690	-121,622	-18,769	-20,169	-19,186	-12,153	6,273	26,073	22,937	31,417	0	0	0
Proceeds from employee stock plans
2,071	3,237	3,090	3,927	4,724	4,401	4,326	4,389	3,591	3,772	3,459	3,786	3,974	3,844	4,042	3,849	4,298	5,576	5,703	6,555	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid related to net share settlement of equity awards
0	0	0	-	-	0	274	293	871	975	1,339	1,419	628	728	1,871	2,832	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,789	4,449	5,024	5,088	5,709	5,601	0	0	0
Payments made to note and loan holders
-	-	-	-	-	-	-	69,797	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt, net of costs
39,684	39,684	44,684	19,968	5,000	5,000	38,829	66,111	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments made to note holders
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under Revolving Credit Facility, net
538	2,742	10,782	4,578	2,176	-2,445	-31,377	-27,863	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
42,086	45,456	58,349	28,473	11,900	-33,260	-28,712	-27,453	-37,754	-1,660	-20,225	-54,538	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash, cash equivalents and restricted cash
386	418	-1,351	124	-3,816	-1,503	-1,407	-346	5,079	4,734	297	197	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt, net of costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,983	-	5,895	7,153	9,634	8,377	9,094	116,634	118,295	117,917	117,762	7,566	3,789	100,549	100,151	100,215	101,809	5,601	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-3,602	-	-7,930	-5,916	-2,668	1,818	2,147	225	239	-309	-1,362	582	-767	-2,519	0	0	0	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-21,711	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net increase (decrease) in cash, cash equivalents and restricted cash
27,261	35,038	16,583	-5,355	-7,564	-16,825	509	8,298	-1,499	10,820	-14,769	-36,898	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental schedule of non-cash investing and financing activities:
Net increase in cash and cash equivalent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	30,198	-53,694	-18,289	47,598	93,996	98,954	97,608	50,472	0	0	0