Atricure, inc. (ATRC)
CashFlow / TTM
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

-45,967

-35,194

-22,528

-20,401

-16,638

-21,137

-20,287

-20,298

-26,843

-26,892

-32,937

-32,474

-33,797

-33,338

-35,627

-34,985

-31,670

-27,212

-21,642

-15,967

-13,768

-16,211

-15,847

-18,129

-17,228

-11,462

-8,502

-8,322

-7,857

-7,534

-7,594

-6,182

-5,802

-5,456

0

0

0

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

18,207

17,977

17,645

17,600

16,759

16,495

15,334

14,714

14,877

14,615

13,848

13,153

12,483

11,697

11,260

10,725

10,115

8,997

8,400

7,724

7,153

7,571

6,712

5,730

4,704

3,080

2,599

2,977

3,298

3,468

3,631

3,230

2,823

2,939

0

0

0

Depreciation

7,634

7,423

7,268

7,147

7,131

7,244

7,435

7,574

7,656

7,761

7,861

7,883

7,817

7,655

7,296

6,566

5,767

4,975

4,252

3,934

3,631

3,353

2,957

2,563

2,280

2,008

1,831

1,790

1,868

1,886

1,938

1,881

1,841

1,878

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

153

0

0

0

Amortization of discount on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

0

0

0

Amortization of intangible assets

1,948

1,943

1,938

1,794

1,652

1,510

1,367

1,367

1,367

1,367

1,437

1,506

1,575

1,644

1,628

1,519

1,411

1,303

1,263

1,316

1,369

1,421

1,069

717

364

12

13

13

13

13

12

16

30

44

0

0

0

Amortization of deferred financing costs

461

375

407

407

477

515

407

349

291

264

264

264

269

218

167

116

60

61

60

64

70

113

145

149

153

115

88

77

69

100

106

119

122

97

0

0

0

Loss on disposal of property and equipment

-375

-604

-650

-558

-589

-323

-347

-345

-269

-336

-421

-404

-354

-433

-300

-330

-360

-276

-190

-167

-161

-118

25

21

7

6

-82

-78

-68

-40

7

-2

1

-56

0

0

0

Realized loss (gain) from foreign exchange on intercompany transactions

-

-

-

-

-

-165

-84

107

276

173

-267

-412

-433

-407

-78

-117

-680

-434

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of investments

534

922

1,123

1,041

738

362

133

85

23

-30

-72

-111

-108

-126

-201

-312

-449

-577

-650

-676

-601

-500

-375

-218

-135

-49

8

13

2

-12

0

0

0

-

-

-

-

Provision for doubtful accounts

-

-

-

-

-

598

396

20

15

-172

-142

64

13

149

231

-22

44

144

-52

51

83

-34

73

16

-39

-14

8

-16

-5

1

-16

29

35

28

0

0

0

Change in value of contingent consideration

-791

-4,916

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash adjustments to income

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-4,221

3,201

4,155

3,750

5,167

2,837

1,161

1,737

284

1,464

1,235

1,758

2,409

1,982

3,248

2,329

-1,815

900

1,812

3,188

5,808

4,168

1,984

1,233

1,062

1,248

1,591

964

1,471

417

580

647

555

199

0

0

0

Inventories

6,180

5,151

3,899

2,815

1,802

146

-265

1,680

3,375

4,477

3,477

578

-8

79

1,723

2,568

3,078

2,950

2,249

3,863

4,585

4,343

5,530

4,425

3,149

2,288

129

-506

-1,314

-865

362

615

1,080

923

0

0

0

Other current assets

675

1,199

876

200

-150

367

73

22

-464

-829

-463

-332

614

-122

343

626

588

928

975

803

784

-307

541

445

311

1,257

-52

7

444

-57

-307

-61

73

17

0

0

0

Accounts payable

4,874

2,790

-204

2,441

-1,552

-2,398

-257

-1,707

529

1,290

-261

-638

-1,753

-1,072

1,076

3,016

2,923

4,013

1,776

1,120

1,711

-944

479

464

636

1,445

762

297

211

-132

15

-254

792

788

0

0

0

Accrued liabilities

-2,785

3,108

3,762

2,868

2,608

7,016

3,450

2,422

811

2,228

3,089

1,867

827

-1,915

-959

-407

2,432

3,070

2,314

2,661

1,191

-1,847

-1,807

-2,965

-3,665

4,114

2,263

-14

-480

-97

172

109

155

-976

0

0

0

Other noncurrent assets and liabilities

947

962

642

278

25

-131

-68

-129

232

408

350

283

17

153

297

168

21

-298

-1,173

-1,011

-40

43

790

835

-48

-230

-183

-112

8

198

271

292

258

181

0

0

0

Net cash used in operating activities

-18,460

-15,811

-11,297

-3,494

-8,175

-4,171

-3,628

-8,710

-8,832

-8,944

-9,711

-8,766

-13,734

-15,119

-19,960

-18,404

-9,803

-7,842

-5,775

-9,621

-16,172

-21,600

-22,651

-20,763

-17,046

-5,222

-2,349

-3,486

-3,426

-1,936

-2,872

-2,764

-2,198

-1,986

0

0

0

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

-

73,249

143,319

114,705

99,176

106,588

33,681

32,398

23,718

16,455

13,966

14,219

31,688

28,592

27,395

31,163

13,439

19,525

0

0

0

-

-

-

-

21,243

9,884

5,088

10,289

9,236

8,585

9,325

10,863

12,649

0

0

0

Sales and maturities of available-for-sale securities

103,983

100,485

99,835

60,551

34,854

27,389

26,539

23,250

24,250

26,600

30,200

28,148

24,952

24,202

26,030

32,546

38,503

40,602

34,174

26,325

23,079

19,614

15,914

17,049

13,079

6,200

6,200

7,500

9,518

9,400

15,450

15,256

14,293

16,506

0

0

0

Purchases of property and equipment

12,305

12,182

8,908

7,194

5,834

6,211

6,377

6,369

6,742

6,384

6,725

6,839

6,616

7,692

11,260

13,709

14,815

13,445

9,406

7,110

5,922

5,508

5,323

4,148

3,429

2,864

2,543

2,781

2,778

2,985

3,042

2,279

1,795

1,522

0

0

0

Proceeds from sale of property and equipment

-

39

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

24

24

23

89

0

0

0

Increases in property under build-to-suit obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,552

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities

4,167

-2,147

-70,372

-61,340

-70,142

-85,404

-13,513

-15,511

-6,210

3,761

9,509

7,093

-13,349

-12,079

-21,627

-25,653

-6,062

-10,501

-17,202

-13,300

-35,480

-30,623

-29,124

-29,364

-5,288

-14,151

-6,225

-369

-3,549

-2,797

4,147

3,976

1,957

2,724

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65,830

65,830

65,830

65,832

26,872

0

0

0

-

-

-

-

-

-

-

-

Proceeds from debt borrowings

-

-

-

-

-

17,381

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,000

10,000

10,000

10,000

7,500

0

0

0

Payments of debt and leases

573

629

606

589

579

1,755

2,932

2,917

2,895

1,689

0

0

0

-

-

-

-

263

56

55

53

6,382

6,870

7,393

7,891

2,055

2,075

2,047

2,051

8,096

7,953

7,831

7,702

4,046

0

0

0

Payments on capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increases in build-to-suit obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of debt fees

-

329

329

300

321

1,136

1,136

1,136

1,164

50

0

0

0

-

-

-

-

-

-

-

-

181

181

170

174

99

148

149

127

127

78

81

80

81

0

0

0

Proceeds from stock option exercises and employee stock purchase plan

5,158

1,202

1,338

2,611

4,305

6,012

0

0

0

-

-

-

2,072

3,337

2,877

3,150

4,083

2,703

2,680

2,133

1,037

1,916

2,098

2,115

2,111

1,718

1,374

1,465

1,448

659

0

0

0

-

-

-

0

Shares repurchased for payment of taxes on stock awards

12,208

9,033

9,011

9,428

9,393

4,457

4,444

3,836

3,943

2,013

2,614

2,569

2,437

1,701

1,210

1,243

1,278

782

783

750

746

331

317

282

241

398

308

442

448

401

0

0

0

-

-

-

-

Shares repurchased for payment of taxes on stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net cash used in financing activities

15,509

14,373

97,148

76,425

78,143

100,176

15,838

17,150

17,047

2,760

3,623

2,865

25,681

27,695

28,955

33,971

12,930

13,961

16,464

11,277

6,956

65,871

61,732

61,272

60,427

26,828

26,296

26,280

26,361

2,662

3,338

3,276

3,953

4,847

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-170

-163

-296

-210

-335

-179

-142

-76

70

24

-84

-96

-212

-53

25

16

144

-238

-299

-347

-384

-156

-252

-211

-238

-316

-104

-41

-20

65

158

60

19

-57

0

0

0

Net decrease in cash and cash equivalents

1,046

-3,748

15,183

11,381

-509

10,422

-1,445

-7,147

2,075

-2,399

3,337

1,096

-1,614

444

-12,607

-10,070

-2,791

-4,620

-6,812

-11,991

-45,080

13,492

9,705

10,934

37,855

7,139

17,618

22,384

19,366

-2,006

4,771

4,548

3,731

5,528

0

0

0

Supplemental cash flow information:
Cash paid for interest

3,906

3,719

3,766

4,406

4,368

3,870

3,248

2,227

1,930

2,002

1,960

1,914

1,750

1,506

1,271

806

474

232

6

9

15

115

205

303

435

473

531

589

619

607

572

535

475

405

0

0

0

Cash paid for income taxes

310

259

0

0

0

-

-

-

-

37

37

30

30

30

0

0

0

-

-

-

-

146

146

146

146

30

30

32

32

14

19

24

27

30

0

0

0

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

1,307

1,053

2,203

859

819

348

722

313

269

650

360

737

656

340

-922

-69

769

1,277

417

2,062

1,174

547

2,670

356

334

282

145

50

27

10

23

35

73

44

0

0

0

Assets obtained in exchange for finance lease obligations

-

-

-

-

-

24

24

26

29

2

0

0

0

-

-

-

-

50

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

60

0

0

0

Finance lease early termination

-

-

-

-

-

6

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-