Dynavax technologies corp (DVAX)
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

-125,523

-152,600

-155,813

-162,882

-159,613

-158,899

-146,351

-127,951

-108,825

-95,154

-89,474

-102,040

-110,708

-112,444

-117,565

-112,995

-107,600

-106,794

-102,218

-101,913

-103,099

-90,722

-81,492

-67,348

-59,735

-66,720

-74,207

-76,323

-74,269

-69,949

-53,673

-51,111

-46,636

-48,597

0

0

0

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

8,212

8,900

8,927

5,138

4,479

3,600

3,255

3,184

3,234

3,200

3,139

2,985

2,644

2,257

1,981

1,677

1,432

1,365

1,346

1,358

1,400

1,404

1,357

1,361

1,347

1,327

1,295

1,261

1,234

1,207

1,192

1,191

1,235

1,303

0

0

0

Amortization of right-of-use assets

2,707

3,375

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of property and equipment and from lease termination

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on disposal of property and equipment

-

-

-

-

-

-

-

-

-

10

0

0

0

-

-

-

-

-

-

-

-

24

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of discounts on marketable securities

1,226

1,462

1,706

1,753

1,706

1,559

1,235

839

359

193

81

-20

-93

-178

-339

-469

-564

-660

-643

-695

-788

-881

-945

-893

-907

-923

-1,020

-1,190

-1,274

-1,298

-1,247

-1,193

-1,122

-1,172

0

0

0

Change in fair value of warrant liability

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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")

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

843

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,190

2,110

2,031

1,950

1,871

0

0

0

Loss on lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of debt discount related to debt financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-115

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of end of term payment related to debt financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash-settled portion of stock compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

602

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock compensation expense

21,064

25,456

26,610

27,908

24,849

23,478

21,208

18,822

15,895

14,917

14,940

14,942

14,703

14,126

12,844

11,812

10,606

9,316

8,059

7,015

6,773

6,089

6,025

7,284

9,344

12,340

14,992

14,050

12,383

10,439

7,549

6,933

6,031

5,189

0

0

0

Cost of sales - amortization of intangible assets

9,217

9,217

9,262

10,762

10,762

10,862

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense

5,497

4,973

4,344

3,751

3,221

2,755

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tenant improvements provided by the landlord

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

299

0

0

0

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

2,344

5,182

7,315

6,278

5,028

2,850

724

494

-702

-488

-1,507

-1,054

301

-52

1,127

1,207

255

667

436

-635

-821

-900

-1,432

-733

183

622

-1,526

741

172

-8,522

2,902

145

248

8,526

0

0

0

Inventories, net

20,530

22,310

26,904

31,517

27,019

18,710

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

2,432

1,278

1,107

2,862

2,645

2,405

896

374

1,397

1,830

2,085

1,286

-822

-560

-866

-1,635

-750

-1,631

-1,089

-1,120

1,155

2,683

2,458

3,737

1,106

-677

-1,299

-2,904

-651

922

1,026

2,357

353

-230

0

0

0

Other assets

197

-1,632

-325

-305

1,837

3,706

2,564

1,851

26

936

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-277

565

417

-429

-176

-124

33

20

116

200

181

312

290

0

0

0

Accounts payable

-1,671

4,848

4,075

4,611

7,492

3,417

1,961

2,642

544

-1,915

-1,022

-3,357

-1,587

1,181

1,677

2,202

-139

1,246

-3,534

13

1,366

-523

3,504

368

-64

-657

-289

98

-631

126

265

-587

478

-289

0

0

0

Lease liabilities

2,566

2,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities and other liabilities

-5,226

-9,376

-918

7,693

4,443

12,597

10,636

6,192

4,837

3,198

-12,747

-10,263

-9,306

-11,759

8,367

8,491

7,558

9,017

840

-1,041

4,124

4,810

4,532

3,684

-2,057

-2,291

-1,584

-22

1,855

1,916

1,841

201

-1,226

-2,167

0

0

0

Deferred revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,546

-11,364

-10,534

-10,111

4,047

3,070

1,959

5,467

-2,378

-1,872

-846

-4,770

-70

1,995

1,530

1,472

2,935

1,802

2,923

3,512

0

0

0

Net cash used in operating activities

-108,216

-121,252

-131,870

-143,765

-141,331

-131,301

-115,420

-98,675

-82,140

-77,518

-86,051

-97,132

-105,167

-107,051

-102,615

-97,409

-95,554

-92,559

-87,580

-87,667

-86,701

-73,738

-68,714

-57,880

-50,963

-58,673

-54,422

-54,514

-54,514

-43,809

-41,505

-41,862

-35,802

-47,116

0

0

0

Investing activities
Acquisition of technology licenses

7,000

7,000

7,000

8,500

8,500

11,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of marketable securities

203,971

215,191

207,144

135,324

101,906

213,804

222,796

321,448

324,123

227,672

197,411

121,691

110,349

126,754

203,045

288,390

251,339

208,936

127,918

26,210

49,642

44,807

188,278

199,768

192,409

192,044

85,088

121,276

186,767

206,149

242,832

206,096

143,037

111,205

0

0

0

Proceeds from maturities and redemptions of marketable securities

185,010

201,810

212,842

218,317

247,342

284,457

254,040

224,213

173,578

119,638

112,388

146,465

174,215

220,760

233,860

230,695

205,780

130,110

120,491

105,862

116,872

137,071

140,716

133,204

120,930

142,321

143,407

174,213

192,302

169,387

0

0

0

-

-

-

0

Purchases of property and equipment, net

20,871

22,401

21,919

13,931

7,172

4,187

3,133

2,066

1,332

669

1,615

3,083

5,380

7,757

9,240

10,218

8,963

6,970

4,706

2,416

1,887

1,667

1,520

1,720

1,492

1,629

2,520

2,356

2,534

2,931

2,305

2,126

1,933

1,142

0

0

0

Net cash provided by investing activities

-46,832

-42,782

-23,221

60,562

129,764

55,466

17,111

-108,801

-161,377

-108,703

-86,638

21,691

58,486

86,249

21,575

-67,913

-54,522

-85,796

-12,133

77,236

65,343

90,597

-49,082

-68,284

-72,971

-51,352

55,799

50,581

3,001

-39,693

-92,998

-94,775

-57,961

-34,618

0

0

0

Financing activities
Proceeds from exercise of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

228

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt, net

-

74,250

74,250

74,250

74,250

99,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock, net

66,554

65,948

0

0

0

-

-

-

-

185,936

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

91,298

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

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

19

2

8

27

-115

-523

799

1,367

1,490

1,613

70

-486

-462

-84

0

0

0

-

0

0

0

-

-

-

-

112

196

642

894

1,955

1,630

1,288

1,016

10

0

0

0

Proceeds from Employee Stock Purchase Plan

469

565

565

746

746

594

595

393

393

293

291

509

509

615

616

449

449

291

291

163

164

130

130

147

146

224

224

326

326

307

307

220

220

132

0

0

0

Net cash provided by financing activities

80,628

154,351

154,357

88,972

88,504

99,071

117,143

198,496

257,284

187,842

169,548

88,223

29,582

531

1,047

153,666

174,156

173,959

183,417

30,471

9,971

9,901

125,433

125,449

125,455

125,401

-14,067

-13,213

56,804

59,042

140,274

144,131

92,754

91,440

0

0

0

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

-217

-184

-684

-266

-891

-482

-222

36

858

701

233

116

-291

-259

-17

-43

65

-303

-329

-586

-650

-371

-172

162

213

147

231

201

-28

118

-193

-443

-209

-218

0

0

0

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

-74,637

-9,867

-1,418

5,503

76,046

22,754

18,612

-8,944

14,625

2,322

-2,908

12,898

-17,390

-20,530

-80,010

-11,699

24,145

-4,699

83,375

19,454

-12,037

26,389

7,465

-553

1,734

15,523

-12,459

-16,945

5,263

-24,342

5,578

7,051

-1,218

9,488

0

0

0

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

13,619

12,147

10,655

9,170

7,710

6,583

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid during the period for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

720

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Release of accrual for litigation settlement and insurance recovery

-

-

-

-

-

-

-

-

-

4,975

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

0

0

0

-

-

-

-

2,354

2,425

2,590

2,586

1,436

337

181

571

841

753

742

359

86

148

158

165

169

365

355

350

1,181

0

0

0

Non-cash acquisition of technology license

-

-

-

-

-

12,773

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment, not yet paid

-4,124

2,698

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

40,626

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in unrealized (loss) gain on marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

80

112

11

-33

-39

-29

32

16

35

-15

-76

0

0

0

-

-

-

-

-

-

-

-