Ardelyx, inc. (ARDX)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Operating activities
Net loss

-94,940

-91,298

-64,339

-112,387

-29,621

-

-

-

Net loss

-

-

-

-

-

-3,214

-6,564

-9,785

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

2,501

2,678

2,639

1,295

829

302

592

-

Amortization of deferred financing costs

670

236

375

346

351

-

-

-

Amortization of deferred compensation for services

309

253

192

194

107

-

-

-

Amortization of premium on investment securities

698

1,136

-11

86

-

-

-

-

Non-cash lease expense

1,839

-

-

-

-

-

-

-

Depreciation and amortization expense

-

-

-

-

-

-

-

675

Stock-based compensation

9,936

9,226

9,590

5,317

2,634

1,692

352

473

Change in derivative liabilities

436

111

-

-

-

-

-

-

Non-cash interest associated with debt discount accretion

478

303

-

-

-

-

-

-

Change in fair value of preferred stock warrant liability

-

-

-

-

-

1,593

3,506

950

Loss from disposal of fixed assets

-

-

-

-

-65

-

-

-

Changes in operating assets and liabilities:
Unbilled revenue

-4,250

-

-

-

-

-

-

-

Accounts receivable

-85

-10,711

10,796

-

-2,584

-3,852

3,364

3,072

Prepaid expenses and other assets

-93

-525

2,148

-1,562

4,083

-96

438

790

Accounts payable

39

-2,730

-1,027

2,148

-371

831

1,138

-105

Accrued compensation and benefits

1,730

-506

68

795

718

721

-38

760

Lease liabilities

-1,892

-

-

-

-

-

-

-

Accrued and other liabilities

-5,861

1,353

245

8,282

2,000

-

-

-

Accrued and other liabilities

-

-

-

-

-

647

-1,009

212

Deferred revenue

4,541

-

-

-

-47,053

6,755

7,636

32,662

Net cash used in operating activities

-76,484

-70,274

-65,190

-92,534

-71,840

-

-

-

Investing activities
Proceeds from maturities of investments

124,369

138,600

133,701

7,600

-

-

-

-

Other long-term liabilities

-

-

-

-

-

122

-

-

Net cash used in operating activities

-

-

-

-

-

13,397

1,811

21,980

Sales and redemptions of investments

2,000

850

17,957

-

-

-

-

-

Purchases of investments

102,671

169,033

84,013

133,810

-

-

-

-

Purchases of property and equipment

325

311

2,355

4,866

3,454

1,856

278

128

Net cash (used in) provided by investing activities

23,373

-29,894

65,290

-131,076

-3,454

-

-

-

Financing activities
Proceeds from underwritten public offering, net of issuance costs

134,927

53,770

-

-

-

-

-

-

Proceeds from issuance of common stock upon private placement, net of issuance costs

19,975

-

-

-

-

-

-

-

Proceeds from issuance of common stock under stock plans

396

491

623

-

-

-

-

-

Issuance of common stock upon exercise of options

178

-

62

-

-

-

1

290

Proceeds from loan payable, net of issuance costs

-

49,292

-

-

-

-

-

-

Proceeds from issuance of common stock, net of issuance costs

-

-

-

190,573

74,323

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-

-

-1,856

-278

-128

Proceeds from issuance of common stock, net of issuance costs

-

-

-

-

-

61,241

-

-

Proceeds from issuance of common stock under stock plans

-

-

-

631

659

71

-

-

Other

-

-

-

-

30

-2

-2

-

Net cash provided by financing activities

155,476

103,553

685

191,204

75,012

-

-

-

Net (decrease) increase in cash and cash equivalents

102,365

3,385

785

-

-

-

-

-

Repurchase of unvested common stock

-

-

-

-

-

-

-

20

Net cash provided by financing activities

-

-

-

-

-

61,310

-1

270

Net increase (decrease) in cash and cash equivalents

-

-

-

-32,406

-282

72,851

1,532

22,122

Supplementary disclosure of cash flow information:
Income taxes paid

2

4

3

-

69

-

160

-

Supplementary disclosure of non-cash activities:
Right-of-use assets obtained in exchange for lease obligations

5,810

-

-

-

-

-

-

-

Issuance of common stock for services

312

303

201

187

194

208

-

-

Issuance of derivative in connection with issuance of loan payable

-

546

-

-

-

-

-

-

Acquisition of property and equipment included in accounts payable and accrued liabilities

-

-

55

730

-

-

0

-

Reclassification of convertible preferred warrant liability to additional paid-in capital

-

-

-

-

-

8,049

-

-

Conversion of convertible preferred stock to common stock at closing of initial public offering

-

-

-

-

-

56,155

-

-