Corium international, inc. (CORI)
CashFlow / Quarterly
Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss and comprehensive loss

-12,391

-18,006

-13,292

-

-13,384

-11,037

-10,429

-

-7,492

-10,484

-9,400

-

-5,914

-7,142

-6,759

-

-

-

-2,098

Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation and amortization of property and equipment

242

236

225

301

224

259

318

480

433

463

479

469

444

549

553

588

588

620

434

Amortization of premium on modification of subordinated note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6

246

40

Change in fair value of preferred stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

231

43

Change in fair value of subordinated note embedded derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6,338

1,029

Loss on disposal and sale and leaseback of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7

-

24

32

37

Amortization of intangible assets

183

181

177

176

159

178

177

170

168

162

159

158

141

162

161

148

138

131

130

Noncash amortized debt issue costs on long-term debt and capital leases

-

-

100

-

-

-

68

53

52

55

48

40

40

42

45

74

86

86

85

Noncash amortized discount on long-term debt and capital leases

-

-

4

-

-

-

4

6

5

4

6

6

5

5

7

12

12

51

53

Stock-based compensation expense

1,237

1,247

1,135

951

920

921

870

895

891

871

778

695

655

676

688

669

710

194

56

Issuance of payment-in-kind notes in lieu of cash interest payments

-

-

-

0

460

451

458

454

444

441

441

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-609

-691

215

64

1,137

1,276

-2,172

245

559

410

-1,339

-179

-251

829

-106

-335

246

551

577

Unbilled accounts receivable

-46

-133

238

-91

77

-374

211

-171

-246

-120

71

-60

-360

-2

-151

-415

-543

-24

872

Inventories

-289

-551

226

-221

-147

736

-492

-406

-383

349

-38

-391

332

-505

874

-523

76

-1,036

-433

Prepaid expenses and other current assets

509

-848

281

-151

336

-638

94

-118

504

122

-534

-461

1,142

-298

-308

-36

745

-1,176

722

Accounts payable

-1,320

-1,896

3,415

-1,146

1,585

-108

1,053

-442

-182

887

-1,453

297

1,022

-956

1,077

101

455

273

-129

Accrued expenses and other current liabilities

1,096

2,157

-2,279

1,505

560

292

-742

376

7

792

-995

-754

767

1,233

-1,163

-796

137

134

1,278

Deferred contract revenues

-20

-233

-236

505

-120

-47

-67

63

-49

237

-30

-86

95

-179

3

-1,949

-135

-91

177

Recall liability

-55

-48

-6

-43

-79

-128

-144

-112

-172

-196

-190

-200

-162

-163

-196

-206

-289

-347

-280

Net cash used by operating activities

-9,367

-11,296

-11,717

-10,037

-10,965

-10,113

-6,075

-

-

-

-

-

-

-

-

-

-

-

-

Long-term interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

407

416

Net cash used by operating activities

-

-

-

-

-

-

-

-

-

-7,527

-8,317

-

-3,775

-5,797

-5,886

-5,131

-3,833

292

-2,679

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment

1,863

1,484

652

306

570

577

827

393

432

157

467

283

271

91

328

896

677

108

1,540

Increase in notes receivable - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

Payments for patents and licensing rights

352

267

209

90

294

307

212

154

289

169

266

228

167

183

198

75

201

208

100

Net cash used by investing activities

-2,215

-1,751

-861

270

-864

-884

-1,039

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used by investing activities

-

-

-

-

-

-

-

-

-

-992

-733

-

-428

-274

-526

-977

-872

-203

-1,641

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

0

0

0

10,000

-

-

-

-

Payments of convertible notes issuance costs

-

-

-

-

-

-

-

0

0

0

200

-

-

-

-

-

-

-

-

Payment of transaction costs associated with issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

0

0

150

-

-

-

-

Principal payments on long-term debt

12

52,514

11

19

20

19

19

19

18

17

18

17

17

17

16

16

16

227

225

Principal payments on capital lease obligations

-

-

-

0

0

0

73

215

208

203

199

194

191

193

187

252

277

269

256

Borrowings on bank line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

764

534

Payments on bank line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,500

1,157

608

1,905

Proceeds from exercise of stock options

154

83

140

689

5

2

222

141

4

157

9

14

17

4

9

26

1

0

7

Proceeds from issuance of common stock under Employee Stock Purchase Plan

214

0

213

0

211

-1

226

0

221

-1

268

0

272

0

298

-

-

-

-

Net cash provided by financing activities

-116

62,038

342

670

37,818

18,496

356

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE IN CASH AND CASH EQUIVALENTS

-11,698

48,991

-12,236

-9,097

25,989

7,499

-6,758

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided (used) by financing activities

-

-

-

-

-

-

-

-

-

-64

-140

-

82

-206

9,954

-1,742

43,617

-2,172

-1,845

NET INCREASE/( DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-8,583

-9,190

-

-4,121

-6,277

3,542

-7,850

38,912

-2,083

-6,165

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest

7

1,407

2,020

2,020

1,521

1,491

1,512

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

1,473

1,481

-

664

2,214

1,252

1,166

507

1,828

1,168

Cash paid for income taxes

-

-

-

0

2

1

1

0

0

0

3

1

0

0

1

-

-

-

1

SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Property and equipment purchases included in accounts payable

3

20

349

-280

145

-54

219

108

-158

3

220

22

22

108

46

-162

322

-1,062

1,100

Unpaid transaction costs associated with issuance of long-term debt

-

-

-

-

-

-

544

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of payment-in-kind notes in lieu of cash interest payments

-

-

-

-

-

-

-

-

-

-

-

-

429

421

365

-

324

321

326