Assertio therapeutics, inc. (ASRT)
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'11
Operating Activities
Net (loss) income

41,230

-192,626

3,331

-13,605

-14,301

-24,138

48,270

-21,048

33,824

-33,104

-15,992

-26,659

-26,741

-44,368

-12,894

-10,541

-20,917

-30,668

-11,784

-21,653

-11,633

94,623

6,455

12,745

17,939

41,801

6,514

478

-5,480

-3,704

-1,495

-15,778

-8,804

-13,837

-8,575

-5,679

98,817

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Change in fair value of contingent consideration

-

-

-

-

-

-

-90

-261

-201

-

-1,341

-875

-5,301

719

391

374

153

1,149

-519

-1,115

-1,099

1,007

558

760

466

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,421

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

41,458

-5,594

-5,848

-6,384

-28,116

-1,901

-5,832

-5,505

56,205

7,144

10,061

13,968

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of convertible notes

-31,608

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss On Debt Prepayment

8,233

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense on PDL liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,364

4,903

5,379

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash PDL royalty revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

146,956

19,771

33,297

42,784

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

8,068

25,721

25,722

25,513

25,990

25,697

26,913

26,898

26,918

26,471

26,340

26,342

26,349

26,356

27,683

27,668

27,668

27,807

27,638

27,332

2,960

2,962

2,993

3,026

3,044

2,045

1,524

1,297

1,295

1,156

1,085

215

105

103

99

48

149

Amortization of Debt Issuance Costs and Discounts

5,387

5,674

5,870

6,056

6,164

5,579

5,490

5,390

5,418

5,166

4,838

4,761

4,650

4,589

4,460

4,389

4,235

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recurring fair value measurement of assets and liabilities

-3,147

-

-

-

-28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for inventory obsolescence

-

-

-

-

-

-

26

0

218

-

235

1,909

201

425

351

2

401

-935

645

90

424

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on disposal of equipment

-

-

-

-

-

-10

-793

0

134

-4

0

225

50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

1,934

2,256

3,004

2,634

2,702

2,310

2,771

5,270

2,234

3,094

2,963

3,403

3,556

4,570

4,364

4,328

3,910

4,531

3,631

3,253

2,813

2,433

2,327

2,299

1,871

1,563

1,573

1,562

1,411

1,248

1,281

1,182

1,359

1,062

940

1,165

702

Provision for inventory and other assets

1,554

-

-

-

359

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,738

1,114

1,159

1,038

649

739

764

-

-

-

-

-

-

-

-

-

-

-

-

Other

14

-1

3,472

-1,847

-1,297

-989

5

-5

-34

4

20

-72

-192

6

-145

-2

-470

33

-114

-5

-272

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

-29,792

-683

9,116

-9,178

6,278

-6,701

1,763

-20,278

-10,055

-5,243

-983

10,894

-34,775

15,069

7,479

9,579

-1,225

2,765

8,609

36,303

-3,560

14,320

3,715

-3,881

1,299

5,449

1,298

-525

1,616

-3,154

4,014

268

-1,935

-2,798

-472

-8,833

10,430

Receivables from collaborative partners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-67

-356

289

-327

141

-301

-21

-

-

-

2,067

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

2,381

103

408

-235

40

-505

-696

-390

-7,457

2,145

218

383

-873

2,199

1,173

-415

761

-1,796

1,623

-7,579

-1,577

1,164

-490

-711

-1,652

-1,410

-649

-1,363

-844

1,679

-235

-256

1,158

1,294

-1,721

1,549

1,894

Prepaid and other assets

-3,289

-2,169

-8,108

100

-30,592

-6,903

27,299

1,243

34,497

686

4,601

530

-703

-6,670

4,222

3,415

1,497

-8,293

-48

1,877

379

1,218

-250

188

1,034

-728

78

345

-1,235

3,893

-3,491

1,553

-446

-126

2,585

574

998

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,266

5,737

10,467

-606

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and other accrued liabilities

-10,510

-32,527

32,271

-2,529

-12,361

-5,539

16,251

-10,807

-33,515

14,212

-11,513

8,698

-17,833

2,586

6,336

19,878

-22,938

-48,802

48,990

55,427

3,404

-10,011

88

4,376

968

7,423

3,308

-3,699

316

3,391

-275

3,274

-729

949

2,788

2,576

1,498

Accrued rebates, returns and discounts

-26,584

-2,036

-2,829

-7,846

-4,105

-5,154

741

-12,926

-42,730

-1,171

-3,007

11,440

-2,970

6,864

6,865

-4,226

975

-

-

-

459

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest payable

-8,071

1,688

-2,507

401

-2,852

1,384

-2,022

1,117

-2,055

1,911

-1,900

-276

-2,440

2,156

-2,014

-561

-2,328

2,156

-4,324

20,125

-1,965

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,551

-

1,871

225

-2,512

980

2,068

808

-1,793

1,909

609

522

-1,260

408

-540

2,119

-1,390

Income taxes payable

-

-

-

-

-

0

0

-125

-1

-

-

-

42

-

-

-

-

-

-

-

1,281

-2,153

650

-905

-59,467

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,235

-761

-760

-760

-902

-619

-760

-992

-5,298

-1,141

-2,155

-3,542

3,560

-4,033

-4,579

-6,656

Amortization of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-62

-119

-81

-1,135

45

219

88

-64

217

-617

133

-

-

-

-

Net cash (used in) provided by operating activities

-25,063

7,855

33,911

21,514

27,195

15,762

70,772

12,938

-26,975

27,262

-3,206

22,105

16,006

41,035

17,286

29,019

-16,077

66,531

48,759

39,573

-2,493

3,166

-692

6,928

-65,319

-668

14,126

1,164

-4,868

-5,718

-402

-13,350

-11,515

-14,730

-9,703

2,286

79,798

Investing Activities
Purchases of property and equipment

9

-45

905

608

13

1,520

3,215

771

1

103

59

34

470

74

248

2,493

45

553

28

792

342

-254

70

123

660

442

224

685

461

4,731

1,647

368

134

33

221

282

162

Acquisition of a business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

0

550,000

500,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposal of property and equipment

-

-

-

-

-

0

0

0

145

-1

1

230

50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of patents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

150

-

-

-

-

-

-

-

-

Purchases of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

19,957

22,291

20,582

5,988

54,056

44,045

15,536

2,572

67,051

2,037

3,128

1,538

13,483

3,279

2,689

18,295

8,469

1,530

3,849

24,614

41,287

59,098

63,150

31,627

Proceeds from sale of other assets

-

-

-

-

-

0

0

0

80

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of marketable securities

-

-

-

-

-

-1,200

0

0

1,200

-60,681

2,400

5,450

52,831

-

4,500

1,831

101,876

12,379

5,400

1,996

65,109

2,201

1,600

8,234

15,011

1,068

11,545

24,223

16,220

16,525

6,143

12,440

26,297

17,378

19,718

9,408

11,991

Sales of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,296

10,842

3,900

25,666

-

-

-

0

Principal payments on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

145

1,064

1,034

Net cash provided by (used in) investing activities

449,036

45

6,209

-7,722

-13

-1,520

-6,215

-771

1,424

4,569

-2,341

3,255

52,411

-13,031

-16,032

-21,244

95,843

-67,241

-38,673

-564,332

-437,805

-64,596

-507

4,983

12,813

-60,564

4,042

21,172

-2,686

6,621

13,809

-14,313

27,215

18,403

-6,769

-54,024

-19,798

Financing Activities
Payment of contingent consideration liability

-

-

-

-

-

0

0

22

162

0

380

380

913

843

340

340

260

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of Senior Notes

-

-

-

-

-

25,000

0

57,500

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment for Debt Extinguishment or Debt Prepayment Cost

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,738

1,114

1,159

1,038

650

738

764

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

0

68

0

158

25

168

168

1,048

636

1,411

287

4,645

2,597

3,166

1,622

3,780

1,383

2,158

1,582

3,404

3,254

2,576

1,663

3,210

2,354

1,471

1,180

668

408

801

444

973

468

426

251

5,263

2,358

Shares withheld for payment of employee's withholding tax liability

272

42

19

293

216

365

54

153

114

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-360,107

-19,974

-54,287

-55,135

-28,440

-25,197

114

-56,627

360

-12,532

-93

-99,945

1,684

-652

1,282

-101,927

1,123

-5,706

3,320

566,070

4,413

3,400

336,752

3,948

3,118

241,624

1,180

668

408

801

444

973

468

425

106

4,199

1,324

Net increase (decrease) in cash and cash equivalents

63,866

-12,074

-14,167

-41,343

-1,258

-10,955

64,671

-44,460

-25,191

19,299

-5,640

-74,585

70,101

27,352

2,536

-94,152

80,889

-6,416

13,406

41,311

-435,885

-58,030

335,553

15,859

-49,388

180,392

19,348

23,004

-7,146

1,704

13,851

-26,690

16,168

4,098

-16,366

-47,539

61,324

Supplemental Disclosure of Cash Flow Information
Net cash paid for income taxes

100

3,981

0

420

0

1,601

4,705

165

1

-

-

-

-

-

-

-

-

-4,125

37

640

-600

-482

800

0

58,000

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

10,842

5,734

10,483

8,358

13,213

9,629

13,662

10,496

14,653

10,710

14,645

12,825

17,362

18,050

17,220

15,714

20,109

15,796

19,594

0

4,121

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures incurred but not yet paid

0

447

-234

157

130

182

-230

141

119

-87

-43

7

123

10

268

-741

865

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gralise
Gain (Loss) on sale of assets

127,500

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of assets

81,087

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NUCYNTA
Gain (Loss) on sale of assets

-15,755

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of assets

367,958

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior Notes
Loss on extinguishment of convertible notes

-8,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of Debt Issuance Costs and Discounts

2,699

-

-

-

1,357

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment for Debt Extinguishment or Debt Prepayment Cost

171,775

-

-

-

28,249

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible debt
Payment for Debt Extinguishment or Debt Prepayment Cost

188,060

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-