Codexis, inc. (CDXS)
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

-7,652

-635

343

-6,507

-5,136

-461

-1,988

-3,735

-4,694

970

-10,226

-6,280

-7,460

-5,260

1,437

2,239

-6,974

-2,053

5,394

-5,360

-5,562

345

-4,562

-8,479

-6,375

-9,814

-9,261

-12,605

-9,623

-15,539

-2,309

-5,519

-7,490

-5,296

-2,743

-5,040

-3,471

Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

281

844

843

844

843

844

843

844

843

844

843

844

843

844

843

844

844

859

890

916

929

929

917

941

Depreciation

438

452

425

374

319

335

309

265

238

247

241

228

326

369

441

459

465

466

489

522

558

632

601

1,062

1,016

1,637

1,766

1,743

1,798

2,086

2,278

2,341

2,203

2,077

1,918

1,865

1,895

Amortization expense - right-of-use assets - operating and finance leases

692

-

-

-

759

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of premium on marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

0

-1

-1

-173

15

5

43

-189

-131

-221

-156

-270

-450

-54

3

Loss on disposal of property and equipment

-

-

-

-

-

-8

1

0

-1

-14

2

2

1

7

8

0

27

-37

0

0

5

-139

37

12

66

62

79

-33

-108

-1,458

16

-30

-79

-

-

-

-

Accretion of asset retirement obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

7

8

7

12

-2

12

17

Stock-based compensation

2,169

1,160

1,732

1,988

2,063

1,682

1,770

2,457

1,980

1,879

1,833

1,710

1,669

1,812

1,230

1,242

1,389

1,367

1,223

1,251

1,285

990

1,055

1,346

1,229

1,028

626

1,263

1,472

533

1,466

1,908

1,169

2,038

2,537

2,549

2,307

Unrealized loss on investment in equity securities

0

1

-358

-65

-103

-63

-25

-21

26

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from extinguishment of asset retirement obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-124

Gain on sale of Hungarian subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

760

-

-

0

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable, net

-679

-3,298

514

-791

1,053

2,596

-499

546

-3,603

3,541

-122

2,422

-543

-6,041

8,625

-1,012

-2,977

-6,279

10,814

-421

-655

729

197

-1,963

-550

-796

5,121

-5,821

-133

-8,982

8,403

-10,423

-370

-408

8,018

-16

-4,011

Contract assets

-408

-166

1,193

0

-35

-1,833

1,314

554

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled receivables

-3,850

7,782

-20

-358

-7

2,349

-103

390

-287

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

330

-25

-323

87

44

-241

-206

-177

177

186

43

-318

299

-251

-79

133

30

314

-290

-24

-403

-548

-20

-81

557

-429

584

-354

384

-1,459

-1,440

-612

325

-752

1,053

963

407

Prepaid expenses and other current assets

469

927

-397

719

163

-1,151

1,056

-295

427

-1,460

-521

1,656

168

-25

208

-185

-5

153

58

-232

11

-395

31

-110

813

-846

3,112

-1,815

-1,301

227

25

1,051

1,748

-162

109

-236

971

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

883

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current assets

369

-

-15

-21

-38

-

-109

-79

0

-

-

-

-

-

-11

82

-109

-

-10

-18

-1

-

-4

-3

-8

1,820

-1

-426

464

-1,321

912

569

-160

20

-33

-35

48

Accounts payable

-246

866

331

-626

-999

1,162

-1,156

445

-975

-951

596

436

-882

1,988

-554

-97

-395

2,332

-585

-290

-2,731

2,131

-787

-159

-472

2,472

-56

-2,900

792

-2,633

1,974

-4,665

-1,386

2,855

-206

-2,530

1,037

Accrued compensation

-1,879

308

144

-1,917

1,196

110

1,345

-2,317

1,381

958

875

-2,414

1,020

1,290

181

-1,462

974

778

-62

-985

654

570

398

-1,660

162

285

5

-816

656

-1,213

519

-197

-2,399

620

1,146

1,236

-4,324

Other accrued liabilities

3,116

-213

2,285

-3,189

3,591

-1,349

881

-254

705

-888

2,016

-492

763

-653

-541

-571

1,172

-539

249

-215

-557

361

-808

-277

1,279

-3,804

4,289

-1,012

-2,197

-384

-217

-2,848

3,646

-3,004

4,801

-16

2,570

Long term lease incentive

-

-

-

-

-

-

-

-

-

-

107

106

106

-

107

106

106

-

107

106

106

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-624

81

-576

-99

-616

-194

-196

-304

-210

60

-4

-37

-19

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

6,492

-1,231

-5,824

3,749

-2,937

-396

-769

-3,595

-5,871

7,813

-700

2,856

1,048

-2,190

-507

-3,561

-184

-2,047

3,295

-63

723

-1,093

4,842

-1,103

1,549

-294

1,836

-2,033

2,120

-147

-1,408

-5,469

5,235

-5,230

3,094

-6,059

3,856

Net cash used in operating activities

-1,425

-3,661

-990

-5,058

-2,851

-720

-1,233

-7,956

-4,185

7,626

-4,850

-7,965

-3,566

5,163

-7,210

-32

219

7,156

431

-4,172

-3,848

4,974

1,686

-3,934

-2,405

-3,905

-8,533

-7,073

-3,487

-4,737

-3,863

-3,885

593

-2,896

2,749

-7,629

7,286

Investing activities:
Purchase of property and equipment

761

415

2,057

813

445

694

602

1,456

16

242

63

443

237

101

313

209

265

911

105

131

52

35

156

90

21

728

-194

593

48

301

81

444

2,107

2,923

3,626

3,296

891

Proceeds from sale of Hungarian subsidiary, net of selling costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,500

-

-

0

0

-

-

-

-

-

-

-

-

Proceeds from the sale of assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

277

-6

10

-

-

0

0

-

-

-

-

-

-

-

-

Proceeds from disposal of property and equipment

-

-

-

-

-

-

-

-

-

-3

2

2

1

7

8

0

27

13

0

0

5

1

-21

70

117

88

150

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,000

2,000

-

2,501

8,409

2,500

-

15,836

-1,060

6,024

-

-

-

-

Purchase of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,497

10,215

8,926

1,664

12,748

11,048

27,104

Proceeds from sale of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,021

-2,124

5,500

5,000

-

-

-

-

Changes in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

0

46

Net cash used in investing activities

-761

-414

-1,994

-812

-445

-693

-601

-1,456

-16

-245

-61

-441

-236

-98

-301

-209

-238

-899

-105

-206

-47

-33

100

974

3,606

-441

3,045

8,216

2,452

10,805

12,134

-6,219

-9

-1,557

-4,866

-14,344

-28,041

Financing activities:
Proceeds from exercises of stock options

39

2,499

1,800

2,000

800

380

2,400

1,466

434

91

33

43

99

95

102

830

7

54

40

95

100

15

118

0

62

30

7

18

263

363

607

193

94

103

86

905

1,485

Payments of lease obligations - Finance leases

51

62

61

60

59

60

60

60

58

58

57

50

10

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes paid related to net share settlement of equity awards

1,007

0

51

0

2,799

50

0

0

3,140

0

34

0

1,636

1

25

400

1,098

1

1

1,254

557

0

472

113

230

-

-

0

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

-1,019

2,422

1,688

51,933

-2,082

251

2,400

38,682

-2,764

33

-120

23,284

-1,547

94

77

430

-1,091

53

39

-1,183

-433

24

-354

-113

-168

-435

7

18

263

363

607

193

94

103

86

905

1,485

Net decrease in cash, cash equivalents and restricted cash

-3,205

-1,653

-1,296

46,063

-5,378

-1,162

566

29,270

-6,965

7,414

-5,031

14,878

-5,349

5,159

-7,434

189

-1,110

6,310

365

-5,561

-4,328

4,965

1,432

-3,073

1,033

-4,781

-5,481

1,161

-772

6,430

8,880

-9,911

842

-4,370

-1,950

-21,070

-19,244

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

2

0

164

-20

81

-2

26

Supplemental disclosure of cash flow information
Interest paid

4

33

7

-13

22

23

19

20

22

10

14

114

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

-

-

-

-

-

0

0

0

5

0

27

4

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental non-cash investing and financing activities:
Equipment acquired under finance leases

-

-

-

-

-

-

-

-

-

22

0

312

528

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property and equipment recorded in accounts payable and accrued expenses

182

-396

-237

631

142

-120

353

52

15

22

-14

-34

68

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-