Digimarc corp (DMRC)
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
Cash flows from operating activities:
Net loss

-33,285

-32,840

-32,171

-32,752

-32,857

-32,506

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-24,115

-22,455

-21,672

-21,219

-20,490

-19,219

-17,934

-21,800

-19,316

-17,984

-15,820

-7,936

-6,746

-3,464

-507

1,832

3,630

4,244

8,272

7,671

7,307

9,717

5,656

0

0

0

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

1,466

1,449

1,485

1,537

1,531

1,554

1,573

1,530

1,511

1,430

1,344

1,312

1,296

1,336

1,323

1,321

1,248

1,237

1,196

1,119

1,071

974

937

881

815

742

669

628

615

600

583

596

603

613

0

0

0

Amortization and write-off of intangibles

779

758

685

674

623

589

658

797

885

996

1,020

968

1,088

1,121

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and write-off of intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1,232

1,251

1,256

1,247

1,103

833

599

385

262

243

202

143

0

0

0

Changes in allowance for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7

6

10

-6

-23

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on reversal of contingent merger consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

190

0

0

0

-

-

-

-

-

-

-

-

Stock-based compensation

8,372

8,214

8,047

7,871

7,664

7,298

7,230

7,144

6,925

6,757

6,263

5,939

5,773

5,553

5,382

5,304

5,143

5,077

5,175

5,252

5,361

5,403

5,368

4,964

4,669

4,502

0

0

0

-

-

-

4,586

4,216

0

0

0

Tax expense from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Excess tax benefit from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

3,044

0

0

0

-

-

-

-

Net loss from joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,107

-1,891

-2,586

-3,284

-2,714

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

147

1,060

-999

-284

0

0

0

-

-

-

-

Changes in operating assets and liabilities:
Trade accounts receivable

232

133

613

396

-63

-2,516

-4,073

-54

-14

1,326

4,509

1,420

1,508

462

-189

-566

-1,341

64

-1,158

-661

-422

-1,316

-1,256

-800

-370

1,667

982

1,449

1,447

187

210

-303

-255

21

0

0

0

Other current assets

92

356

429

158

138

-92

255

103

242

476

253

423

229

208

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

1,324

1,483

997

342

313

184

-9

-219

-64

-76

127

-240

0

0

0

Other assets

-643

-474

-354

-55

134

57

163

80

6

-5

-83

-21

-38

-7

82

-2

-23

-40

-98

-182

-149

-192

145

274

321

404

65

-14

-119

-201

-240

-244

-136

-107

0

0

0

Accounts payable and other accrued liabilities

-37

702

641

615

442

-744

-87

22

71

585

330

864

1,428

637

525

394

-439

125

-15

-504

-420

-635

-502

-395

23

124

177

291

-414

-228

-860

-914

-814

-668

0

0

0

Deferred revenue

206

-41

672

596

8

182

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability and other long-term liabilities

-624

-639

-540

-438

-274

-134

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-16

-94

-217

-176

-12

-166

-323

-534

-128

162

279

-537

-907

-927

-622

1,694

391

580

531

-384

217

173

244

88

0

0

0

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-14,786

-13,864

-11,701

-10,637

-9,912

-9,740

-7,853

-7,054

-7,389

-6,733

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-22,804

-22,412

-21,869

-22,396

-23,072

-21,210

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

16,368

16,635

17,022

10,253

0

0

0

Cash flows from investing activities:
Purchase of property and equipment

1,096

1,055

961

1,139

1,184

1,292

1,787

1,807

1,885

2,188

1,696

2,020

1,952

1,837

2,036

1,649

1,583

1,218

1,136

1,144

1,407

1,399

1,122

1,948

1,675

1,644

1,726

591

508

570

442

575

661

678

0

0

0

Capitalized patent costs

643

659

700

704

692

747

765

815

827

819

792

760

773

790

872

903

918

895

914

1,057

1,089

1,190

1,196

1,153

1,165

1,098

1,096

1,019

933

1,170

1,077

1,076

1,048

712

0

0

0

Investments in joint ventures, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

692

692

1,392

2,092

2,100

0

0

0

Maturity of marketable securities

47,031

42,084

32,376

28,390

22,645

34,558

49,308

52,563

62,618

60,360

47,101

47,221

43,174

41,052

50,295

49,368

48,370

42,264

7,264

11,061

25,053

28,074

56,244

52,529

43,703

55,627

73,878

110,552

144,337

144,214

132,065

90,057

55,448

74,689

0

0

0

Purchase of marketable securities

54,158

51,310

43,154

23,469

20,619

24,021

29,660

40,763

34,787

38,387

40,728

58,356

58,394

53,914

60,371

41,747

44,169

45,340

16,817

16,473

27,857

29,871

45,244

43,340

41,923

54,590

72,498

108,280

139,885

146,444

137,379

97,145

65,221

65,044

0

0

0

Net cash provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-17,945

-15,489

-12,984

5,069

1,700

-5,189

-11,603

-7,613

-5,300

-4,386

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities

-8,866

-10,940

-12,439

3,078

150

8,498

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-7,525

-10,131

-12,882

6,155

0

0

0

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

20,189

19,615

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Exercise of stock options

1,214

1,178

485

635

795

1,256

1,454

1,529

1,566

1,183

985

927

700

668

669

694

785

1,514

1,489

1,440

1,649

1,487

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of common stock

3,758

3,506

3,153

2,837

2,047

2,089

2,656

2,802

2,975

3,030

2,721

2,781

2,600

2,537

2,489

2,512

2,467

2,443

2,294

1,987

2,038

2,392

2,899

2,520

2,024

1,822

55

1,655

2,949

3,100

2,702

4,937

5,491

20,397

0

0

0

Cash dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,654

2,456

3,255

3,225

3,202

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

3,044

0

0

0

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

37,800

37,831

37,880

11,078

11,214

11,967

28,204

15,442

14,698

13,430

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

17,645

17,287

16,947

17,413

-1,252

-833

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-2,293

-3,741

-3,016

-19,329

0

0

0

Net decrease in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

829

35,314

29,185

952

24,685

5,069

8,478

13,195

5,510

3,002

-2,962

8,748

775

2,009

2,311

-2,375

-5,033

-6,575

-3,055

-3,590

832

1,083

3,447

6,550

2,763

1,124

-2,921

0

0

0

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

109

90

85

83

-28

88

84

86

89

-37

-94

-77

-57

-38

1,238

1,245

1,237

1,233

273

253

277

263

-80

-80

-94

-46

0

0

0

-

-

-

-

-

-

-

0

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

49

35

-46

-94

-13

-79

-441

-123

-97

-153

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment and patent costs in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment and patent costs in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation capitalized to software and patent costs

168

174

174

167

167

170

176

192

196

197

194

187

177

164

158

158

169

174

181

181

169

177

184

160

149

137

0

0

0

-

-

-

-

-

-

-

-

Right of use assets obtained in exchange for lease obligations

0

2,709

2,709

2,709

2,709

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation capitalized to patent costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-