Dynavax technologies corp (DVAX)
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
Operating activities
Net loss

-12,595

-36,756

-33,459

-42,713

-39,672

-39,969

-40,528

-39,444

-38,958

-27,421

-22,128

-20,318

-25,287

-21,741

-34,694

-28,986

-27,023

-26,862

-30,124

-23,591

-26,217

-22,286

-29,819

-24,777

-13,840

-13,056

-15,675

-17,164

-20,825

-20,543

-17,791

-15,110

-16,505

-4,267

-15,229

-10,635

-18,466

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

1,014

1,062

4,642

1,494

1,702

1,089

853

835

823

744

782

885

789

683

628

544

402

407

324

299

335

388

336

341

339

341

340

327

319

309

306

300

292

294

305

344

360

Amortization of right-of-use assets

634

633

696

744

1,302

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of property and equipment and from lease termination

76

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-22

8

3

21

-

-

-

-

-

-

-

-

0

0

4

20

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of discounts on marketable securities

87

169

418

552

323

413

465

505

176

89

69

25

10

-23

-32

-48

-75

-184

-162

-143

-171

-167

-214

-236

-264

-231

-162

-250

-280

-328

-332

-334

-304

-277

-278

-263

-354

Change in fair value of warrant liability

-8,610

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustment of the warrant and contingent liabilities to Holdings, including the impact of the anti-dilution provision associated with the common stock and warrants issued to Symphony Capital Partners, L.P. and Symphony Strategic Partners, LLC (collectively, "Symphony")

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

877

-17

-20

3

Interest associated with long-term note payable to Symphony Dynamo Holdings LLC (Holdings")

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

548

547

548

547

468

468

467

468

Loss on lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of debt discount related to debt financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-15

-49

-51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of end of term payment related to debt financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash-settled portion of stock compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

274

328

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock compensation expense

1,778

5,189

4,748

9,349

6,170

6,343

6,046

6,290

4,799

4,073

3,660

3,363

3,821

4,096

3,662

3,124

3,244

2,814

2,630

1,918

1,954

1,557

1,586

1,676

1,270

1,493

2,845

3,736

4,266

4,145

1,903

2,069

2,322

1,255

1,287

1,167

1,480

Cost of sales - amortization of intangible assets

2,300

2,317

2,300

2,300

2,300

2,362

3,800

2,300

2,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense

1,338

1,440

1,398

1,321

814

811

805

791

348

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tenant improvements provided by the landlord

-908

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

54

245

Changes in operating assets and liabilities:
Accounts and other receivables, net

-751

64

1,240

1,791

2,087

2,197

203

541

-91

71

-27

-655

123

-948

426

700

-230

231

506

-252

182

0

-565

-438

103

-532

134

478

542

-2,680

2,401

-91

-8,152

8,744

-356

12

126

Inventories, net

6,767

1,976

2,727

9,060

8,547

6,570

7,340

4,562

238

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

1,000

1,669

-1,034

797

-154

1,498

721

580

-394

-11

199

1,603

39

244

-600

-505

301

-62

-1,369

380

-580

480

-1,400

2,655

948

255

-121

24

-835

-367

-1,726

2,277

738

-263

-395

273

155

Other assets

-43

-165

1,710

-1,305

-1,872

1,142

1,730

837

-3

0

1,017

-988

907

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36

-

-

-

-

-852

-4

845

-266

-10

-152

-1

-13

42

5

-14

83

126

-14

117

61

Accounts payable

-2,095

1,813

218

-1,607

4,424

1,040

754

1,274

349

-416

1,435

-824

-2,110

477

-900

946

658

973

-375

-1,395

2,043

-3,807

3,172

-42

154

220

36

-474

-439

588

423

-1,203

318

727

-429

-138

-449

Lease liabilities

672

660

579

655

106

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities and other liabilities

-3,728

-2,025

-3,777

4,304

-7,878

6,433

4,834

1,054

276

4,472

390

-301

-1,363

-11,473

2,874

656

-3,816

8,653

2,998

-277

-2,357

476

1,117

4,888

-1,671

198

269

-853

-1,905

905

1,831

1,024

-1,844

830

191

-403

-2,785

Deferred revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1,759

-895

-7,892

-818

-929

-472

6,266

-1,795

-2,040

3,036

-1,579

-1,289

-1,014

-888

3,121

776

-1,479

-946

4,584

-357

-358

-357

Net cash used in operating activities

-26,866

-23,012

-21,977

-36,361

-39,902

-33,630

-33,872

-33,927

-29,872

-17,749

-17,127

-17,392

-25,250

-26,282

-28,208

-25,427

-27,134

-21,846

-23,002

-23,572

-24,139

-16,867

-23,089

-22,606

-11,176

-11,843

-12,255

-15,689

-18,886

-7,592

-12,347

-15,689

-8,181

-5,288

-12,704

-9,629

-19,495

Investing activities
Acquisition of technology licenses

7,000

0

0

0

7,000

0

1,500

0

9,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of marketable securities

17,985

34,043

72,807

79,136

29,205

25,996

987

45,718

141,103

34,988

99,639

48,393

44,652

4,727

23,919

37,051

61,057

81,018

109,264

0

18,654

0

7,556

23,432

13,819

143,471

19,046

16,073

13,454

36,515

55,234

81,564

32,836

73,198

18,498

18,505

1,004

Proceeds from maturities and redemptions of marketable securities

37,900

60,725

41,775

44,610

54,700

71,757

47,250

73,635

91,815

41,340

17,423

23,000

37,875

34,090

51,500

50,750

84,420

47,190

48,335

25,835

8,750

37,571

33,706

36,845

28,949

41,216

26,194

24,571

50,340

42,302

57,000

42,660

27,425

-

-

-

18,145

Purchases of property and equipment, net

2,352

1,831

9,187

7,501

3,882

1,349

1,199

742

897

295

132

8

234

1,241

1,600

2,305

2,611

2,724

2,578

1,050

618

460

288

521

398

313

488

293

535

1,204

324

471

932

578

145

278

141

Net cash provided by investing activities

10,563

24,851

-40,219

-42,027

14,613

44,412

43,564

27,175

-59,685

6,057

-82,348

-25,401

-7,011

28,122

25,981

11,394

20,752

-36,552

-63,507

24,785

-10,522

37,111

25,862

12,892

14,732

-102,568

6,660

8,205

36,351

4,583

1,442

-39,375

-6,343

-48,722

-335

-2,561

17,000

Financing activities
Proceeds from exercise of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-6

202

26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt, net

-

0

0

0

74,250

0

0

0

99,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock, net

14,229

0

51,999

326

13,623

-

-

-

-

16,749

80,987

58,665

29,535

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67,220

4,591

18,653

834

Proceeds from issuances of common stock and warrants, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-142

-

305

69,765

1,054

-

-

-

-

(Tax withholding) from exercise of stock options and restricted stock awards, net

-1

0

1

19

-18

6

20

-123

-426

1,328

588

0

-303

-215

32

24

75

-

128

99

10

-

-

-

-

82

0

20

10

166

446

272

1,071

-159

104

0

65

Proceeds from Employee Stock Purchase Plan

311

0

158

0

407

0

339

0

255

1

137

0

155

-1

355

0

261

0

188

0

103

0

60

1

69

0

77

0

147

0

179

0

128

0

92

0

40

Net cash provided by financing activities

14,539

0

65,744

345

88,262

6

359

-123

98,829

18,078

81,712

58,665

29,387

-216

387

24

336

300

153,006

20,514

139

9,758

60

14

69

125,290

76

20

15

-14,178

930

70,037

2,253

67,054

4,787

18,660

939

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-225

345

-485

148

-192

-155

-67

-477

217

105

191

345

60

-363

74

-62

92

-121

48

46

-276

-147

-209

-18

3

52

125

33

-63

136

95

-196

83

-175

-155

38

74

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

-1,989

2,184

3,063

-77,895

62,781

10,633

9,984

-7,352

9,489

6,491

-17,572

16,217

-2,814

1,261

-1,766

-14,071

-5,954

-58,219

66,545

21,773

-34,798

29,855

2,624

-9,718

3,628

10,931

-5,394

-7,431

17,417

-17,051

-9,880

14,777

-12,188

12,869

-8,407

6,508

-1,482

Supplemental disclosure of cash flow information
Cash paid during the period for interest

3,412

3,432

3,415

3,360

1,940

1,940

1,930

1,900

813

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid during the period for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

287

249

184

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Release of accrual for litigation settlement and insurance recovery

-

-

-

-

-

-

-

-

-

925

0

0

4,050

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing and financing activities:
Disposal of fully depreciated property and equipment

-

-

-

-

-

-

157

5

37

-

-

-

-

1,194

2

4

1,154

1,265

167

0

4

166

11

390

274

78

0

7

1

140

10

14

5

336

0

9

836

Non-cash acquisition of technology license

-

-

-

-

-

0

0

0

12,773

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment, not yet paid

408

-437

-3,785

-310

7,230

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets obtained in exchange for operating lease liabilities

-

1,522

4,297

0

34,807

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in unrealized (loss) gain on marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-61

-41

109

7

5

-9

8

-37

-1

1

69

-53

18

-49

8

-

-

-

-

-

-

-

-