Atricure, inc. (ATRC)
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
Cash flows from operating activities:
Net loss

-16,408

-16,096

-9,362

-4,101

-5,635

-3,430

-7,235

-338

-10,134

-2,580

-7,246

-6,883

-10,183

-8,625

-6,783

-8,206

-9,724

-10,914

-6,141

-4,891

-5,266

-5,344

-466

-2,692

-7,709

-4,980

-2,748

-1,791

-1,943

-2,020

-2,568

-1,326

-1,620

-2,080

-1,156

-946

-1,273

Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation expense

4,384

5,161

4,287

4,375

4,154

4,829

4,242

3,534

3,890

3,668

3,622

3,697

3,628

2,901

2,927

3,027

2,842

2,464

2,392

2,417

1,724

1,867

1,716

1,846

2,142

1,008

734

820

518

527

1,112

1,141

688

690

711

734

803

Depreciation

1,955

1,894

1,907

1,878

1,744

1,739

1,786

1,862

1,857

1,930

1,925

1,944

1,962

2,030

1,947

1,878

1,800

1,671

1,217

1,079

1,008

948

899

776

730

552

505

493

458

375

464

571

476

427

407

531

512

Write-off of deferred financing costs and discount on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-0

153

Amortization of discount on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

21

Amortization of intangible assets

489

489

486

484

484

484

342

342

342

341

342

342

342

411

411

411

411

395

302

303

303

355

355

356

355

3

3

3

3

4

3

3

3

3

7

17

16

Amortization of deferred financing costs

141

142

124

54

55

174

124

124

93

66

66

66

66

66

66

71

15

15

15

15

16

14

19

21

59

46

23

25

21

19

12

17

52

25

25

20

26

Loss on disposal of property and equipment

-32

-171

-101

-71

-261

-217

-9

-102

5

-241

-7

-26

-62

-326

10

24

-141

-193

-20

-6

-57

-107

3

0

-14

36

-1

-14

-15

-52

3

-4

13

-5

-6

-0

-44

Realized loss (gain) from foreign exchange on intercompany transactions

-

-

-

-

-

-71

-38

-138

82

10

153

31

-21

-430

8

10

5

-101

-31

-553

251

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of investments

3

40

147

344

391

241

65

41

15

12

17

-21

-38

-30

-22

-18

-56

-105

-133

-155

-184

-178

-159

-80

-83

-53

-2

3

3

4

3

-8

-11

-

-

-

-

Provision for doubtful accounts

-

-

-

-

-

179

361

7

51

-23

-15

2

-136

7

191

-49

0

89

-62

17

100

-107

41

49

-17

0

-16

-6

8

22

-40

5

14

5

5

11

6

Change in value of contingent consideration

2,458

2,018

-3,062

-2,205

-1,667

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash adjustments to income

360

-

-

-

175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

95

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-5,875

1,156

-814

1,312

1,547

2,110

-1,219

2,729

-783

434

-643

1,276

397

205

-120

1,927

-30

1,471

-1,039

-2,217

2,685

2,383

337

403

1,045

199

-414

232

1,231

542

-1,041

739

177

705

-974

647

-179

Inventories

2,728

1,508

1,677

267

1,699

256

593

-746

43

-155

2,538

949

1,145

-1,155

-361

363

1,232

489

484

873

1,104

-212

2,098

1,595

862

975

993

319

1

-1,184

358

-489

450

43

611

-23

292

Other current assets

499

265

224

-313

1,023

-58

-452

-663

1,540

-352

-503

-1,149

1,175

14

-372

-203

439

479

-89

-241

779

526

-261

-260

-312

1,374

-357

-394

634

65

-298

43

133

-185

-52

177

76

Accounts payable

2,522

2,088

-1,705

1,969

438

-906

940

-2,024

-408

1,235

-510

212

353

-316

-887

-903

1,034

1,832

1,053

-996

2,124

-405

397

-405

-531

1,018

382

-233

278

335

-83

-319

-65

482

-352

727

-69

Accrued liabilities

-14,545

3,608

5,345

2,807

-8,652

4,262

4,451

2,547

-4,244

696

3,423

936

-2,827

1,557

2,201

-104

-5,569

2,513

2,753

2,735

-4,931

1,757

3,100

1,265

-7,969

1,797

1,942

565

-190

-54

-335

99

193

215

-398

145

-938

Other noncurrent assets and liabilities

120

276

346

205

135

-44

-18

-48

-21

19

-79

313

155

-39

-146

47

291

105

-275

-100

-28

-770

-113

871

55

-23

-68

-12

-127

24

3

108

63

97

24

74

-14

Net cash used in operating activities

-16,087

-3,529

-2,590

3,746

-13,438

985

5,213

-935

-9,434

1,528

131

-1,057

-9,546

761

1,076

-6,025

-10,931

-4,080

2,632

2,576

-8,970

-2,013

-1,214

-3,975

-14,398

-3,064

674

-258

-2,574

-191

-463

-198

-1,084

-1,127

-355

367

-871

Cash flows from investing activities:
Purchases of available-for-sale securities

-

6,523

35,099

28,680

2,947

76,593

6,485

13,151

10,359

3,686

5,202

4,471

3,096

1,197

5,455

21,940

0

0

9,223

4,216

6,086

-

-

-

-

12,057

6,642

-5

2,549

698

1,846

5,196

1,496

47

2,586

6,734

3,281

Sales and maturities of available-for-sale securities

19,163

7,500

46,823

30,497

15,665

6,850

7,539

4,800

8,200

6,000

4,250

5,800

10,550

9,600

2,198

2,604

9,800

11,428

8,714

8,561

11,899

5,000

865

5,315

8,434

1,300

2,000

1,345

1,555

1,300

3,300

3,363

1,437

7,350

3,106

2,400

3,650

Purchases of property and equipment

1,832

4,357

3,369

2,747

1,709

1,083

1,655

1,387

2,086

1,249

1,647

1,760

1,728

1,590

1,761

1,537

2,804

5,158

4,210

2,643

1,434

1,119

1,914

1,455

1,020

934

739

736

455

613

977

733

662

670

214

249

388

Proceeds from sale of property and equipment

-

11

20

0

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

24

0

0

-0

89

Increases in property under build-to-suit obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,424

4,322

2,984

1,822

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities

17,331

-2,601

-9,633

-930

11,017

-70,826

-601

-9,732

-4,245

1,065

-2,599

-431

5,726

6,813

-5,015

-20,873

6,996

-2,735

-9,041

-1,282

2,557

-9,436

-5,139

-23,462

7,414

-7,937

-5,379

614

-1,449

-11

477

-2,566

-697

6,933

306

-4,584

69

Cash flows from financing activities:
Proceeds from sale of stock, net of offering costs of $229

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-42

65,872

0

0

-40

26,912

-

-

-

-

-

-

-

-

Proceeds from debt borrowings

-

-

-

-

-

0

0

0

17,381

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

10,000

0

0

0

7,500

Payments of debt and leases

94

170

156

153

150

147

139

143

1,326

1,324

124

121

120

-

-

-

-

227

11

11

14

20

10

9

6,343

508

533

507

507

528

505

511

6,552

385

383

382

2,895

Payments on capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

111

107

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increases in build-to-suit obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,322

2,984

1,822

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of debt fees

-

0

29

1

299

0

0

22

1,114

0

0

50

0

-

-

-

-

-

-

-

-

0

12

69

100

0

1

73

25

49

2

51

25

0

5

50

25

Proceeds from stock option exercises and employee stock purchase plan

4,036

-1,081

259

1,944

80

-945

1,532

3,638

1,787

-

-

-

631

742

294

405

1,896

282

567

1,338

516

259

20

242

1,395

441

37

238

1,002

97

128

221

213

-

-

-

221

Shares repurchased for payment of taxes on stock awards

11,776

57

281

94

8,601

35

698

59

3,665

22

90

166

1,735

623

45

34

999

132

78

69

503

133

45

65

88

119

10

24

245

29

144

30

198

-

-

-

-

Shares repurchased for payment of taxes on stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54

468

Net cash used in financing activities

-7,834

1,354

20,293

1,696

-8,970

84,129

-430

3,414

13,063

-209

882

3,311

-1,224

654

124

26,127

790

1,914

5,140

5,086

1,821

4,417

-47

765

60,736

278

-507

-80

27,137

-254

-523

1

3,438

422

-585

678

4,331

Effect of exchange rate changes on cash and cash equivalents

-127

77

-135

15

-120

-56

-49

-110

36

-19

17

36

-10

-127

5

-80

149

-49

-4

48

-233

-110

-52

11

-5

-206

-11

-16

-83

6

52

5

2

99

-46

-35

-74

Net decrease in cash and cash equivalents

-6,717

-4,699

7,935

4,527

-11,511

14,232

4,133

-7,363

-580

2,365

-1,569

1,859

-5,054

8,101

-3,810

-851

-2,996

-4,950

-1,273

6,428

-4,825

-7,142

-6,452

-26,661

53,747

-10,929

-5,223

260

23,031

-450

-457

-2,758

1,659

6,327

-680

-3,574

3,455

Supplemental cash flow information:
Cash paid for interest

1,101

1,080

893

832

914

1,127

1,533

794

416

505

512

497

488

463

466

333

244

228

1

1

2

2

4

7

102

92

102

139

140

150

160

169

128

115

123

109

57

Cash paid for income taxes

187

32

42

49

136

-

-

-

-

0

37

0

0

0

30

0

0

-

-

-

-

0

0

0

146

0

0

0

30

0

2

0

12

5

7

3

15

Non-cash investing and financing activities:
Accrued purchases of property and equipment

903

-1,137

1,313

228

649

13

-31

188

178

387

-440

144

559

97

-63

63

243

-1,165

790

901

751

-2,025

2,435

13

124

98

121

-9

72

-39

26

-32

55

-26

38

6

25

Assets obtained in exchange for finance lease obligations

-

-

-

-

-

0

0

-3

27

0

2

0

0

-

-

-

-

0

14

0

36

-

-

-

-

-

-

-

-

-

-

-

-

33

0

0

26

Finance lease early termination

-

-

-

-

-

0

12

3

-9

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-