Glaukos corp (GKOS)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Operating Activities
Net loss

-54,058

36,581

-13,506

-6,309

-1,342

1,779

-6,621

-5,398

-2,711

1,006

1,325

-3,301

878

134

1,159

2,332

897

-2,290

-2,057

-32,512

-1,462

Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization

7,310

3,632

946

886

842

1,201

1,702

1,696

1,665

1,541

1,513

1,419

1,009

1,312

1,155

1,133

1,122

1,068

1,056

1,072

1,071

Amortization of lease right-of-use assets

1,311

1,152

1,009

996

400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax benefit

-709

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of fixed assets

-

-

-

-

-

-73

-5

-77

-1

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

17,176

12,470

8,547

8,247

7,129

6,668

7,173

6,461

5,402

4,939

4,718

4,733

3,202

2,669

2,652

2,048

1,417

1,558

1,552

4,426

353

Change in fair value of cash settled stock options

-3,171

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-43

2

-31

1,152

9

Unrealized foreign currency losses

-2,024

306

-700

300

-100

-147

-300

-1,699

499

3

324

282

342

-679

82

80

149

-

-

-

-

Amortization of premium on short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

79

82

-

-

-

-

Amortization of discount on short-term investments

-19

-40

-77

-109

-112

-90

-70

-77

-58

-35

-3

31

27

-

-

-

-

0

0

11

4

Other liabilities

207

1,686

1,576

1,401

689

428

141

511

839

145

915

-165

-173

-32

3

17

-19

-30

-72

2

9

Changes in operating assets and liabilities:
Accounts receivable, net

-9,246

804

2,475

1,394

1,959

-957

2,565

-219

863

-302

194

2,208

81

2,621

119

2,069

1,982

575

476

263

849

Inventory, net

-14,568

-3,664

-1,166

595

157

-208

-215

1,236

1,490

2,244

550

830

538

744

612

450

1,129

948

243

366

291

Prepaid expenses and other current assets

-2,235

1,409

-2,788

635

-173

-61

106

-1,093

-708

-74

-153

244

477

-366

-1,265

224

-355

-1,503

581

224

-57

Accounts payable and accrued liabilities

-4,750

839

1,951

3,123

-5,134

4,527

4,149

1,907

-8,056

6,967

629

4,461

-2,316

2,100

968

2,844

-816

356

-25

1,095

92

Other assets

-1

1,691

29

-5

62

-1,332

229

925

-26

-232

209

205

163

-

-

-

-

7

10

102

8

Net cash (used in) provided by operating activities

-13,099

-4,222

-2,988

6,602

208

17,164

4,362

3,826

-6,452

12,462

6,991

4,312

2,326

3,278

3,929

6,039

-937

-570

-557

-28

-1,033

Investing activities
Purchases of short-term investments

18,680

15,662

23,868

24,245

16,613

23,596

22,968

19,213

27,919

22,870

25,671

19,167

26,599

14,468

24,899

12,115

23,710

-

-

-

215

Proceeds from sales and maturities of short-term investments

19,676

18,624

20,801

24,880

16,189

14,666

17,763

22,325

24,097

17,701

26,610

19,323

25,257

13,652

17,748

8,354

15,600

-

-

-

-

Purchases of property and equipment

782

1,194

1,007

1,872

651

7,582

727

760

1,246

1,858

2,382

1,311

760

2,042

3,017

842

377

-

-

-

-

Investment in company-owned life insurance

-414

-

-

-

638

-

-

-

186

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

628

49,812

-4,074

-599

-1,713

-17,752

-5,932

2,538

-5,254

-7,690

-1,443

-1,155

-2,102

-2,858

-10,168

-4,603

-8,487

-70,126

-183

-15,104

-215

Proceeds from exercise of stock options

4,454

1,059

4,834

4,564

4,607

2,236

11,812

3,154

1,452

433

484

812

1,970

2,310

1,335

1,976

438

15

355

1,107

257

Proceeds from share purchases under Employee Stock Purchase Plan

1,278

0

2,486

0

902

0

2,121

0

1,388

-

-

-

-

-

-

-

-

-

-

-

-

Payment of employee taxes related to vested restricted stock units

1,512

599

654

4,246

102

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from senior secured term and draw-to term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,852

Payments of line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,750

0

0

1,850

Payments of subordinated notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,040

-2,246

-2,219

-2,191

-2,164

-2,137

-1,410

-2,093

Proceeds from exercise of stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

50

-

-

-

-

Net cash provided by financing activities

4,220

-22,036

6,666

318

5,407

1,974

13,926

2,836

2,840

433

484

1,780

1,970

422

-911

550

-1,703

-988

-10,075

115,007

3,166

Effect of exchange rate changes on cash and cash equivalents

-565

-244

-29

26

-5

-32

-19

154

-55

-95

-84

-138

-117

664

-201

-39

-53

-83

10

30

17

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

-8,816

23,341

-425

6,347

3,897

1,318

12,337

9,354

-8,921

5,110

5,948

4,799

2,077

1,506

-7,351

1,947

-11,180

-71,767

-10,805

99,905

1,935

Supplemental schedule of noncash investing and financing activities
Reduction of liability upon vesting of stock options previously exercised for unvested stock

-

-

-

-

-

-

-

-

-

0

1

0

3

8

12

21

21

21

21

21

23

Supplemental disclosures of cash flow information
Taxes paid

250

75

5

51

40

388

-352

362

3

-52

0

63

1

449

1

1

62

11

3

0

11

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

32

56

85

112

140

195

259

240