Ardelyx, inc. (ARDX)
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'14
Operating activities
Net loss

-22,373

-19,790

-23,539

-25,467

-26,144

-27,862

-24,126

-22,291

-17,019

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-25,721

-28,008

-

-29,031

-28,615

-23,467

-

-18,126

9,007

-3,502

-3,971

75

3,753

-3,071

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

492

508

640

678

675

673

662

669

674

674

723

648

594

391

273

321

310

289

262

159

119

-

-

-

-

Amortization of deferred financing costs

112

120

268

162

120

92

85

45

14

15

35

253

72

57

115

94

80

-

-

-

-

-

-

-

-

Amortization of deferred compensation for services

89

-

77

78

76

-

76

51

50

-

51

45

46

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred compensation for services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

54

47

-

-

-

-

-

-

-

-

Amortization of premium on investment securities

138

32

129

236

301

428

452

181

75

46

-56

-49

48

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash lease expense

502

483

465

452

439

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

73

Stock-based compensation

2,948

2,212

3,879

1,923

1,922

2,250

1,948

2,603

2,425

2,589

2,102

2,790

2,109

1,550

1,291

1,285

1,191

757

712

641

524

1,208

321

99

64

Change in derivative liabilities

82

190

185

24

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest associated with debt discount accretion

127

125

122

118

113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of preferred stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1,010

2,603

Loss from disposal of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-53

0

-11

-

-

-

-

Changes in operating assets and liabilities:
Unbilled revenue

-

-

-

-

-5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable and unbilled license revenue

-

-

-

-

-

-

137

30

-10,796

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-27

-2,016

-541

-76

-365

-1,952

-1,459

Prepaid expenses and other assets

928

-547

398

467

-411

-4,433

5,100

813

-2,005

-30

-783

733

2,228

-843

354

-192

-881

976

2,148

623

336

-466

372

-298

296

Accounts payable

-1,174

-502

1,428

-1,664

777

-1,121

-903

1,411

-2,117

2,155

-2,731

-1,309

858

-530

961

-385

2,102

-90

350

188

-819

2,093

-1,286

-222

246

Accrued compensation and benefits

-2,502

1,649

453

717

-1,089

417

103

586

-1,612

507

123

743

-1,305

934

189

719

-1,047

670

240

511

-703

542

304

201

-326

Lease liabilities

-614

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and other liabilities

-394

-2,624

-82

-4,206

1,051

2,758

659

-119

-1,945

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-651

1,149

-

1,696

1,433

3,656

-

6,738

1,020

-134

-42

-214

341

562

Deferred revenue

-1,175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-43,143

-3,910

-4,386

-4,952

18,527

-2,434

Net cash used in operating activities

-24,946

-11,137

-20,614

-27,820

-16,913

-18,436

-27,019

-18,015

-6,804

4,698

-19,241

-23,886

-26,761

-

-

-

-

-

-

-

-

-

-

-

-

Investing activities
Proceeds from maturities of investments

4,000

-

-

-

55,020

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-24,637

-24,902

-16,247

-

-11,804

-30,224

-8,209

-3,792

-5,685

23,994

-1,120

Proceeds from maturities of investments

-

-

-

-

-

-

39,400

18,965

37,085

-

34,489

43,562

31,872

-

-

-

-

-

-

-

-

-

-

-

-

Sales and redemptions of investments

-

-

-

-

-

-

0

0

850

-

6,375

0

10,482

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investments

54,858

66,346

5,468

5,983

24,874

20,673

29,339

80,006

39,015

13,629

25,636

26,480

18,268

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

25

0

114

46

165

287

-31

0

55

28

420

789

1,118

2,758

1,613

295

200

454

680

1,265

1,055

1,032

88

642

94

Net cash (used in) provided by investing activities

-50,883

-55,461

23,448

25,405

29,981

22,190

10,092

-61,041

-1,135

11,221

14,808

16,293

22,968

-

-

-

-

-

-

-

-

-

-

-

-

Financing activities
Proceeds from issuance of common stock under stock plans

375

-1

199

0

198

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock upon exercise of options

216

157

14

5

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

296

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-71,353

-295

-200

-

-680

-1,265

-1,055

-1,032

-88

-642

-94

Proceeds from issuance of common stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

109,737

0

80,837

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock under stock plans

-

-

-

-

-

-

-

-

301

-

251

16

408

215

-56

188

284

-

-

-

-

-

-

-

-

Net cash provided by financing activities

591

155,058

213

5

200

-1

191

103,062

301

10

251

16

408

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-75,238

88,460

3,047

-2,410

13,268

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

109,681

188

81,121

-

-3

74,705

296

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-7,638

-

-4,182

-7,577

-3,385

-85,762

13,691

-25,009

64,674

-22,043

-12,487

43,216

-8,968

-4,758

-5,770

84,593

-1,214

Supplementary disclosure of cash flow information:
Income taxes paid

-

-

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

0

-241

74

236

-

-

-

-

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

-

-

-

-

5,810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-100

234

-

-

-

-