Evolus, inc. (EOLS)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Cash flows from operating activities
Net loss

-19,735

-14,508

-26,984

-37,567

-10,975

-12,442

-11,825

-16,400

-6,200

4,448

-2,634

-2,296

-3,998

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

1,749

1,468

1,202

978

484

2

3

4

0

0

0

107

111

Stock-based compensation

2,628

2,537

2,526

2,457

1,998

1,860

1,481

2,624

1,006

114

226

103

143

Provision for bad debts

2,607

-

-

-

0

-

-

-

-

-

-

-

-

Amortization of discount on short-term investments

169

1,950

-326

-706

120

0

0

0

0

-

-

-

-

Amortization of operating lease right-of-use assets

169

171

179

304

219

-

0

0

0

-

-

-

-

Amortization of debt discount and issuance costs

647

643

624

608

281

114

321

321

107

-

-

-

-

Interest expense

-

-

-

-

-

-

-

-

-

-

0

0

0

Deferred income taxes

256

-156

-149

-227

-14,523

24

19

12

10

-6,311

16

20

20

Revaluation of contingent royalty obligation payable to Evolus Founders

-9,884

-3,817

1,795

1,269

4,913

-900

2,300

8,200

900

0

0

0

0

Changes in assets and liabilities:
Inventories

1,929

-1,743

-5,297

8,944

2,578

0

0

0

0

-

-

-

-

Accounts receivable

2,352

3,842

5,796

1,410

0

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-1,771

468

-591

348

1,649

253

-115

498

356

-105

176

92

-3

Accounts payable

332

-

-

-

305

-

-

-

205

122

-208

-355

-1,991

Related party accounts payable

-

-

-

-

-

-

-

-

730

-

-

-

0

Accrued expenses

-3,949

-

-

-

2,667

-

-

-

1,361

136

575

-542

134

Operating lease liabilities

-181

-123

-122

-187

-222

-

5

-3

-2

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-1

-3

-2

0

Other assets

-93

-

-

-

0

-

-

-

-

-

-

-

-

Net cash used in operating activities

-27,947

-15,939

-25,061

-33,200

-19,200

-12,039

-5,761

-5,699

-2,201

-978

-3,430

-3,214

-5,578

Cash flows from investing activities
Purchases of property and equipment

565

-1

0

346

0

-

-

-

-

-

-

-

-

Additions to capitalized software

935

1,142

639

1,618

823

0

0

0

0

-

-

-

-

Purchases of short-term investments

49,688

14,885

4,971

14,809

79,202

0

0

0

0

-

-

-

-

Maturities of short-term investments

5,000

30,000

40,000

25,000

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-46,188

13,974

34,390

8,227

-80,025

0

0

-9

0

-

-

-

-

Cash flows from financing activities
Payment of contingent royalty obligation to Evolus Founders

583

395

69

0

9,213

0

0

0

0

-

-

-

-

Milestone payment for intangible assets

0

1,000

0

0

2,000

0

0

0

0

-

-

-

-

Proceeds from issuance of long-term debt, net of discounts

0

0

0

0

73,906

0

0

0

0

-

-

-

-

Payments for debt issuance costs

0

0

0

0

2,205

0

0

0

0

-

-

-

-

Payment for debt obligation

522

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from initial public offering, net of underwriting fees

-

-

-

-

-

-

-

-

-

0

0

0

0

Proceeds from follow-on offering, net of underwriting fees

-

-

-

-

-

11,350

0

0

56,330

-

-

-

-

Payments for offering costs

-

-

-

-

-

0

300

74

686

1,286

0

0

0

Related party borrowings

-

-

-

-

-

0

0

0

1,127

2,286

3,430

3,214

5,391

Repayments of Related Party Debt

-

-

-

-

-

0

0

0

5,000

0

0

0

0

Tax withholding paid on behalf of employees for stock-based awards

0

-

-

-

58

-

-

-

0

-

-

-

-

Net cash (used in) provided by financing activities

-1,105

72,724

-460

853

60,430

0

67,379

-312

51,771

1,000

3,430

3,214

5,391

Change in cash and cash equivalents

-75,240

70,776

8,827

-24,078

-38,795

-12,006

61,583

-5,985

49,570

0

0

0

-187

Supplemental disclosure of cash flow information
Cash paid for interest

1,801

1,801

1,821

1,208

336

0

0

0

0

-

-

-

-

Cash paid for operating leases

-

-

-

-

-

-

0

0

0

-

-

-

-

Non-cash investing and financing information:
Related party receivable

-

-

-

-

-

0

0

0

73,690

-625

-3,431

-68,583

0

Related party borrowings

-

-

-

-

-

0

0

0

68,767

0

0

0

0

Note obligation

-

-

-

-

-

0

0

281,376

-140,688

-

-

-

-

Contingent royalty obligation payable to related party

-

-

-

-

-

-

-

-

-

-

-

-

0

Contingent royalty obligation payable to Evolus Founders

-

-

-

-

-

0

0

0

39,700

0

0

0

0

Contingent promissory note payable to Evolus Founders

-

-

-

-

-

0

0

0

16,042

0

0

0

0

Capital contribution from Parent, convertible note write-off

-

-

-

-

-

0

0

0

66,998

0

0

0

0

Capital contribution from Parent, forgiveness of related party borrowings

-

-

-

-

-

0

0

0

13,188

0

0

0

0

Deferred offering costs

-

-

-

-

-

0

0

0

2,885

0

0

0

0

Deferred offering costs, unpaid

-

-

-

-

-

-

-

-52

74

-

-

0

0

Accounts payable, paid by Parent

-

-

-

-

-

0

0

0

163

0

0

0

0

Operating lease right-of-use assets obtained in exchange for operating lease liabilities

0

1

-1

4,537

1,029

-

0

0

0

-

-

-

-

Capitalized software recorded in accounts payable and accrued expenses

168

-60

92

-295

350

0

0

0

0

-

-

-

-