Cadiz inc (CDZI)
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

-20,514

-7,348

-7,444

-7,476

-7,260

-8,030

-6,240

-6,032

-5,971

-7,075

-5,992

-13,570

-7,227

-6,724

-5,175

-5,645

-8,795

-7,216

-5,965

-5,990

-4,842

-5,106

-4,566

-4,515

-4,694

-

-

-4,461

-7,439

-5,806

-4,736

-4,584

-4,448

-4,750

-4,105

-3,729

-4,253

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

79

65

68

66

66

64

64

64

66

62

69

72

71

73

73

73

73

72

72

65

61

64

63

63

64

-

-

-

64

65

97

95

93

92

92

92

89

Amortization of debt discount and issuance costs

351

-

1,031

1,022

1,009

-

1,016

994

992

815

994

1,093

742

462

703

625

1,949

956

230

227

222

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

220

210

207

-66

56

51

1,311

927

771

724

701

607

608

583

574

Interest expense added to loan principal

1,854

2,508

2,545

2,489

2,489

2,521

2,475

2,410

2,361

2,385

2,350

2,496

2,038

1,237

2,211

2,126

2,062

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense added to lease liability

347

325

325

322

300

284

284

281

262

246

247

245

226

212

213

210

120

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on equity method investments

-626

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense added to loan principal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,538

1,126

-

895

873

860

856

842

792

771

Loss on early extinguishment of debt and debt refinancing

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-2,250

-

-

-

-

-

-

-

-

0

0

0

-835

-

-

-

-

-

-

-

-

Interest expense added to loan principal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,083

2,011

1,971

-

1,970

1,851

1,838

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt conversion and extinguishment of debt

-12,396

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt conversions

-

-

-

-

-

-92

-26

-56

-1

-2

-1

-55

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt conversion expense

-

0

0

0

197

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

52

177

-121

Compensation charge for stock and share option awards

1,250

152

165

123

122

123

123

122

105

277

106

105

1,816

322

215

594

165

395

211

250

260

532

484

31

30

33

30

14

439

69

82

73

159

307

276

567

1,226

Unrealized loss on warrant derivative liabilities

561

-

-

-

-

-254

-409

-343

-516

-1,139

3,747

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

27

-44

-15

49

21

-68

0

68

2

-20

6

-34

45

-27

8

20

-149

-96

188

26

-170

-291

287

-58

10

-65

267

45

-216

-112

206

29

-2

-5

120

-349

96

Prepaid expenses and other current assets

246

-137

-49

-80

244

-127

-69

-98

291

-114

9

-147

-2,728

-64

3,124

-231

253

-184

-232

-99

478

-205

-57

-40

298

-121

-314

-32

413

-806

-304

-266

1,176

102

-234

98

339

Other assets

271

-29

-28

-41

284

-28

-29

-29

13

230

-29

-28

271

-29

-143

86

271

-28

-29

-29

272

-28

-57

0

271

-30

-143

-34

2,951

140

0

-22

-9

-146

166

32

-115

Accounts payable

738

-473

-263

5

663

-600

388

-414

528

-26

-93

-374

414

-220

413

-258

195

-244

-71

9

315

-284

362

135

-746

-130

593

-138

-282

52

908

-210

-622

104

-307

1,004

-497

Accrued liabilities

-1,523

192

-362

513

-1,072

1,007

-50

321

-1,459

1,616

-4,957

4,591

-3,127

-58

2,747

-1,191

876

224

-718

614

-43

416

-292

4

-554

511

374

-918

372

-701

399

401

174

-

-

-

-

Increase in deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-303

325

228

-

-

-

-

Increase (decrease) in accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-411

Net cash used in operating activities

-4,379

-3,004

-3,832

-2,837

-4,035

-3,549

-2,225

-2,482

-3,937

-2,740

-2,859

-2,232

-2,635

-3,104

-1,589

-3,341

-1,480

-3,135

-4,085

-2,712

-2,636

-1,632

-1,932

-2,123

-4,434

-3,141

-2,075

-3,829

-6,722

-3,231

-2,105

-2,044

-4,020

-2,170

-2,530

-828

-1,986

Cash flows from investing activities:
Contributions to equity-method investments

1,240

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to property, plant and equipment and water programs

3,453

171

610

653

165

468

331

425

502

335

510

45

116

0

0

0

0

555

111

221

19

-

-

-

-

0

0

0

167

1,777

591

601

257

1,037

994

999

1,110

Increase in other assets (restricted cash)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-365

0

200

228

-

-

-

-

Net cash used in investing activities

-4,693

-1,075

-610

-653

-165

-2,468

-331

-425

-502

-335

-510

-45

-116

0

0

0

0

-555

-111

-221

-19

-

-

-

-

0

0

0

-167

-1,412

-591

-801

-485

-1,037

-994

-999

-1,110

Cash flows from financing activities:
Net proceeds from issuance of stock

3,923

4,505

248

6,751

7,891

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Up-front payment related to lease liability

-

-

-

-

-

-

-

-

-

-

-

-

-

491

0

0

11,509

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

9,890

0

0

17,500

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

863

-5

0

102

0

0

0

0

-

-

-

-

0

0

0

1,243

-

-

-

-

-

-

-

-

Principal payments on long-term debt

15

15

15

15

14

14

14

14

14

13

10

44,886

14

-845

441

444

10,514

15

15

9

3

3

3

2

3

3

3

3

2

3

3

0

4

4

4

4

4

Net cash provided by (used in) financing activities

3,908

4,490

233

6,736

7,877

908

-14

14,567

-14

50

-10

12,304

-14

11,383

-436

7,156

893

-15

-15

-9

-3

14,520

-3

-2

-3

9,887

-3

-3

16,255

4,955

53

0

-4

11,125

3,996

1,996

-4

Net (decrease) increase in cash, cash equivalents and restricted cash

-5,164

411

-4,209

3,246

3,677

-5,109

-2,570

11,660

-4,453

-3,025

-3,379

10,027

-2,765

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

8,279

-2,025

3,815

-587

-3,705

-4,211

-2,942

-2,658

12,841

-1,946

-2,139

-4,437

6,746

-2,078

-3,832

9,366

312

-2,643

-2,845

-4,509

7,918

472

169

-3,100