Digimarc corp (DMRC)
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

-8,908

-8,683

-7,761

-7,933

-8,463

-8,014

-8,342

-8,038

-8,112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-6,943

-6,218

-5,756

-5,198

-5,283

-5,435

-5,303

-4,469

-4,012

-4,150

-9,169

-1,985

-2,680

-1,986

-1,285

-795

602

971

1,054

1,003

1,216

4,999

453

639

3,626

938

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, amortization and write-off of property and equipment

374

351

351

390

357

387

403

384

380

406

360

365

299

320

328

349

339

307

326

276

328

266

249

228

231

229

193

162

158

156

152

149

143

139

165

156

153

Amortization and write-off of intangibles

201

225

161

192

180

152

150

141

146

221

289

229

257

245

237

349

290

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and write-off of intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

274

243

277

-

310

298

308

316

329

303

299

172

59

69

85

49

40

28

26

Changes in allowance for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23

0

6

10

-10

4

-10

-7

-

-

-

-

-

-

-

-

-

-

-

-

Gain on reversal of contingent merger consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

190

-

-

-

-

-

-

-

-

Stock-based compensation

2,195

2,120

2,041

2,016

2,037

1,953

1,865

1,809

1,671

1,885

1,779

1,590

1,503

1,391

1,455

1,424

1,283

1,220

1,377

1,263

1,217

1,318

1,454

1,372

1,259

1,283

1,050

1,077

1,092

-

-

-

1,356

1,178

1,057

995

986

Tax expense from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,278

-450

-1,443

-

-

-

-

Excess tax benefit from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72

-

-

-

-

1,243

263

203

1,335

-

-

-

-

Net loss from joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-1,107

-784

-695

-698

-537

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,253

-1,112

-509

-

-1,052

1,518

-112

-207

-139

-541

603

-

-

-

-

Changes in operating assets and liabilities:
Trade accounts receivable

-62

451

-669

512

-161

931

-886

53

-2,614

-626

3,133

93

-1,274

2,557

44

181

-2,320

1,906

-333

-594

-915

684

164

-355

-1,809

744

620

75

228

59

1,087

73

-1,032

82

574

121

-756

Other current assets

-338

-426

742

114

-74

-353

471

94

-304

-6

319

233

-70

-229

489

39

-91

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57

-93

-

147

713

699

-235

306

227

44

-264

177

34

-166

-109

165

237

-533

Other assets

-136

-211

-186

-110

33

-91

113

79

-44

15

30

5

-55

-63

92

-12

-24

26

8

-33

-41

-32

-76

0

-84

305

53

47

-1

-34

-26

-58

-83

-73

-30

50

-54

Accounts payable and other accrued liabilities

61

-384

-46

332

800

-445

-72

159

-386

212

37

208

128

-43

571

772

-663

-155

440

-61

-99

-295

-49

23

-314

-162

58

441

-213

-109

172

-264

-27

-741

118

-164

119

Deferred revenue

-146

694

-491

149

-393

1,407

-567

-439

-219

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability and other long-term liabilities

-159

-158

-156

-151

-174

-59

-54

13

-34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64

-754

778

-

-139

-46

1,060

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-412

-337

-498

1,231

-490

-460

-457

1,395

-644

-617

-668

1,801

-354

-500

-1,484

1,431

-374

-195

832

128

-185

-244

-83

729

-229

-173

-239

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-3,130

-4,877

-3,722

-3,057

-2,208

-2,714

-2,658

-2,332

-2,036

-827

-1,859

-2,667

-1,380

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-5,846

-5,649

-5,788

-5,521

-5,454

-5,106

-6,315

-6,197

-3,592

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,344

-

1,309

1,938

10,632

2,489

1,576

2,325

3,863

Cash flows from investing activities:
Purchase of property and equipment

235

363

288

210

194

269

466

255

302

764

486

333

605

272

810

265

490

471

423

199

125

389

431

462

117

112

1,257

189

86

194

122

106

148

66

255

192

165

Capitalized patent costs

137

135

165

206

153

176

169

194

208

194

219

206

200

167

187

219

217

249

218

234

194

268

361

266

295

274

318

278

228

272

241

192

465

179

240

164

129

Investments in joint ventures, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

692

0

700

700

700

Maturity of marketable securities

11,691

14,087

13,326

7,927

6,744

4,379

9,340

2,182

18,657

19,129

12,595

12,237

16,399

5,870

12,715

8,190

14,277

15,113

11,788

7,192

8,171

-19,887

15,585

21,184

11,192

8,283

11,870

12,358

23,116

26,534

48,544

46,143

22,993

14,385

6,536

11,534

42,234

Purchase of marketable securities

6,407

13,273

22,952

11,526

3,559

5,117

3,267

8,676

6,961

10,756

14,370

2,700

10,561

13,097

31,998

2,738

6,081

19,554

13,374

5,160

7,252

-8,969

13,030

16,544

9,266

6,404

11,126

15,127

21,933

24,312

46,908

46,732

28,492

15,247

6,674

14,808

28,315

Net cash provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

5,033

-7,666

-20,280

4,968

7,489

-5,161

-2,227

1,599

600

-11,575

1,763

3,912

1,514

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities

4,912

316

-10,079

-4,015

2,838

-1,183

5,438

-6,943

11,186

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

869

-

1,273

-1,579

-6,112

-1,107

-1,333

-4,330

12,925

Cash flows from financing activities:
Issuance of common stock, net of issuance costs

574

0

0

19,615

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

845

531

72

-

-

-

-

Exercise of stock options

135

885

0

194

99

192

150

354

560

390

225

391

177

192

167

164

145

193

192

255

874

168

143

464

712

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of common stock

738

753

885

1,382

486

400

569

592

528

967

715

765

583

658

775

584

520

610

798

539

496

461

491

590

850

968

112

94

648

-799

1,712

1,388

799

-1,197

3,947

1,942

15,705

Cash dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

830

824

802

799

800

801

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72

-

-

-

-

1,243

263

203

1,335

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-406

-466

39,092

-420

-375

-417

12,290

-284

378

15,820

-472

-1,028

-890

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-29

132

-885

18,427

-387

-208

-419

-238

32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,449

-

-1,386

-1,433

608

-82

-2,834

-708

-15,705

Net decrease in cash and cash equivalents

-963

-

-

-

-3,003

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-13,378

7,626

15,224

-8,643

21,107

1,497

-13,009

15,090

1,491

4,906

-8,292

7,405

-1,017

-1,058

3,418

-568

217

-756

-1,268

-3,226

-1,325

2,764

-1,803

1,196

-1,074

5,128

1,300

-2,591

-2,713

1,083

Supplemental disclosure of cash flow information:
Cash received (paid) for income taxes, net

16

1

-4

96

-3

-4

-6

-15

113

-8

-4

-12

-13

-65

13

8

6

1,211

20

0

2

251

0

24

-12

-92

0

10

36

-

-

-

-

-

-

-

0

Supplemental schedule of non-cash activities:
Property and equipment and patent costs in accounts payable

16

41

1

-9

2

-40

-47

72

-64

-402

271

98

-120

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment and patent costs in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

183

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment and patent costs in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26

-41

140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation capitalized to software and patent costs

35

40

44

49

41

40

37

49

44

46

53

53

45

43

46

43

32

37

46

54

37

44

46

42

45

51

22

31

33

-

-

-

-

-

-

-

-

Right of use assets obtained in exchange for lease obligations

0

0

0

0

2,709

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation capitalized to patent costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

-

22

15

11

Exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

845

531

72

-

-

-

-