Cerus corporation (CERS)
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
Operating activities
Net loss

-68,918

-71,244

-70,526

-66,751

-62,471

-57,564

-52,845

-52,071

-55,872

-60,585

-62,600

-63,558

-64,641

-62,906

-64,161

-65,465

-63,271

-55,868

-61,294

-56,373

-47,990

-38,755

-24,433

-34,175

-33,310

-43,337

-39,193

-22,152

-17,335

-15,917

-21,936

-16,216

-20,718

-16,982

0

0

0

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

2,733

2,403

2,117

2,565

1,408

1,445

1,561

1,695

1,755

1,811

1,782

1,757

1,810

1,817

1,864

1,828

1,732

1,699

1,655

1,635

1,533

1,415

1,324

1,077

903

745

572

625

703

744

807

804

861

922

0

0

0

Stock-based compensation

14,188

13,312

12,427

11,503

10,957

10,394

9,926

9,646

9,523

9,355

9,107

8,820

8,436

8,065

7,784

7,413

7,032

6,730

6,301

6,046

5,681

5,153

4,617

4,000

3,501

3,268

3,045

2,879

2,712

2,541

2,375

2,143

1,920

1,850

0

0

0

Non-cash operating lease cost

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of available-for-sale securities

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in valuation of warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,566

1,857

1,228

-4,970

-7,708

-15,967

6,961

11,138

15,099

14,658

-5,659

-2,671

-2,059

-3,250

1,316

-2,697

486

0

0

0

Non-cash interest expense

308

386

699

958

1,176

1,248

1,161

803

625

551

479

699

912

1,017

1,098

972

744

508

0

0

0

-

-

-

0

-

-

-

-30

-20

10

-88

-48

-5

0

0

0

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-56

-105

-56

-56

0

0

0

0

-

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

29

22

26

28

13

18

15

7

19

20

21

26

26

27

26

27

0

0

0

-

-

0

0

-

-

-

-

Non-cash tax expense from realized gain on available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investment in marketable equity securities

-

-

-

-

-

-

-

-

-

3,466

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

4,409

8,130

4,026

2,044

3,267

-3,663

0

3,456

4,906

5,547

3,035

2,783

1,497

1,074

1,795

-275

-1,067

301

-1,720

946

210

-632

341

-1,390

210

1,681

3,075

2,143

-289

-1,652

-833

-695

222

1,304

0

0

0

Inventories

5,983

6,043

7,696

4,629

2,704

-806

-751

871

480

2,092

2,149

226

1,681

1,781

-589

-1,561

-4,723

-3,991

-5,635

-5,556

-696

-3,033

1,100

1,883

-928

1,813

1,847

2,144

2,897

3,740

467

-289

-13

601

0

0

0

Other assets

-741

-1,787

-1,856

-660

-896

2,744

1,238

1,184

58

-1,107

-594

-1,596

-1,230

-1,327

-931

-1,075

-1,282

-1,379

-2,007

466

1,007

1,655

2,728

656

1,388

-286

-497

1,157

629

1,663

1,934

160

-56

13

0

0

0

Accounts payable

112

5,017

5,668

8,758

8,402

5,683

1,485

1,556

2,167

2,487

5,721

2,444

2,464

3,261

781

2,212

-3,355

-3,866

-2,503

-2,524

1,692

-973

43

-1,986

-394

-1,512

-1,624

1,527

-263

2,506

1,920

-1,174

-1,081

1,450

0

0

0

Accrued liabilities and other non-current liabilities

1,748

1,295

210

2,082

2,577

6,046

5,310

1,385

-242

-626

-405

331

245

1,330

1,992

2,439

2,208

1,359

-4,485

-3,663

-1,575

-1,382

401

1,874

741

2,121

4,200

2,198

382

1,971

2,355

1,099

1,989

-336

0

0

0

Manufacturing and development obligations

-

-6,288

-6,367

-156

-548

-266

-107

113

768

680

290

-2,067

-2,568

-3,568

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred product revenue

379

72

28

-11

117

38

-176

248

138

265

-237

-401

-184

-445

538

123

219

190

-152

440

194

269

449

113

105

104

-605

17

-23

-34

642

13

36

-137

0

0

0

Net cash used in operating activities

-63,462

-65,838

-64,372

-47,051

-43,099

-31,246

-34,186

-42,143

-46,212

-52,235

-51,911

-55,309

-56,834

-53,529

-52,603

-48,212

-48,421

-51,129

-50,978

-50,859

-45,737

-39,811

-37,706

-32,057

-28,135

-26,662

-23,008

-18,668

-18,365

-13,917

-12,124

-13,885

-14,478

-15,632

0

0

0

Capital expenditures

6,072

8,935

8,980

7,515

4,407

1,144

623

145

220

353

558

798

705

563

520

515

706

722

634

1,002

1,326

2,106

2,256

1,912

1,476

663

424

198

105

81

138

151

109

158

0

0

0

Purchases of investments

111,427

43,907

35,004

32,967

24,760

80,701

99,062

123,505

115,575

68,792

61,234

33,000

42,425

82,811

83,906

90,984

70,969

90,407

89,435

92,472

95,503

25,981

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities and sale of investments

82,314

81,027

69,995

56,995

43,247

37,997

44,002

55,103

65,798

69,566

85,516

82,415

73,968

63,450

68,701

89,701

93,745

92,645

65,054

37,060

25,015

24,915

18,936

11,930

5,931

1,631

0

0

87

287

456

612

648

666

0

0

0

Proceeds from sales of certain other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-146

-147

-57

-55

0

0

0

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-35,185

28,185

26,011

16,513

14,080

-43,848

-55,683

-68,547

-49,997

421

23,724

48,617

30,838

-19,924

-15,610

-1,684

22,023

1,516

-25,155

-56,503

-71,742

-3,147

939

-23,621

-26,165

-29,192

-29,602

-214

-17

205

464

608

596

563

0

0

0

Financing activities
Net proceeds from equity incentives

3,693

3,210

3,552

4,206

7,263

7,848

7,157

5,288

3,301

2,428

2,779

4,213

2,792

3,068

8,868

8,202

12,466

12,767

7,932

14,205

11,166

11,592

11,358

4,352

2,957

1,684

646

297

407

332

282

349

210

143

0

0

0

Net proceeds from public offerings

0

-

-

-

-

85,036

90,658

89,670

87,731

30,197

18,815

17,218

29,350

22,121

22,119

14,523

-7,426

75,300

86,966

89,965

93,984

18,488

17,293

14,101

9,954

61,425

54,384

55,521

56,116

14,226

20,096

19,149

18,885

9,273

0

0

0

Net payment on revolving line of credit

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

Proceeds from loans

-

39,433

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt

-

31,104

31,114

31,113

31,111

133

131

17,760

18,386

19,625

19,624

2,492

1,861

622

619

117

117

113

113

111

3,377

3,474

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments on debt, revolving line of credit and landlord provided leasehold incentives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

354

4,123

4,573

5,008

0

0

0

Net cash provided by financing activities

103,038

43,487

40,402

39,724

43,057

92,751

97,684

107,198

102,706

43,000

31,970

18,939

15,823

24,567

30,368

22,608

29,321

97,954

104,785

114,059

111,621

36,454

34,755

26,039

9,129

58,643

50,304

50,416

56,096

14,911

23,560

22,777

21,732

11,618

0

0

0

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

4,391

5,834

2,041

9,186

14,038

17,657

7,815

-3,492

6,497

-8,814

3,783

12,247

-10,173

-48,886

-37,845

-27,288

2,923

48,341

28,652

6,697

-5,858

-6,504

-2,012

-29,639

-45,171

2,789

-2,306

31,534

37,714

1,199

11,900

9,500

7,850

-3,451

0

0

0

Supplemental disclosure of cash flow information:
Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

460

399

962

993

1,024

0

0

0

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-