Aerohive networks, inc. (HIVE)
CashFlow / Quarterly
Jun'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'13
Cash flows from operating activities
Net Income (Loss) Attributable to Parent

-6,082

-8,652

-5,755

-2,433

-2,832

-7,317

-4,115

-5,056

-3,817

-9,118

-8,569

-9,712

-7,412

-12,523

-7,046

-10,562

-10,826

-15,784

-6,468

-7,374

-6,268

-8,927

-7,794

-8,136

-6,979

-10,318

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

729

763

757

784

785

708

712

740

789

842

869

870

899

896

947

999

983

619

583

747

522

497

507

395

356

313

Stock-based compensation

3,153

3,585

3,797

3,831

3,584

3,671

3,714

4,964

4,444

3,553

4,937

6,415

5,454

4,896

5,000

5,185

4,364

3,822

3,945

2,802

1,939

1,566

1,782

956

843

706

Remeasurement of convertible preferred stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-90

222

1,200

447

356

Other

-28

-318

-292

-220

-158

-116

-89

-15

-15

-15

-2

56

101

123

82

0

0

296

-

-

-

-

-

-

-

-

Others

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-54

54

43

112

34

0

0

Changes in operating assets and liabilities:
Accounts receivable, net

-6,889

2,619

1,375

-2,377

-2,287

1,812

476

-5,743

1,301

-4,562

3,718

-7,021

8,609

-1,940

6,476

-4,435

3,170

-7,082

6,722

-5,680

7,807

-1,734

5,113

-6,827

4,260

2,313

Inventories

-1,015

-799

2,427

2,456

-2,324

63

289

-1,776

3,314

-961

-3,062

1,039

3,163

714

-982

-185

554

3,028

-1,127

-2,573

5,731

-487

1,284

3

-2,554

1,235

Prepaid expenses and other current assets

335

189

-31

-259

484

-191

-560

87

405

562

-497

-5,371

834

3,636

-178

992

2,081

-410

551

319

373

12

-330

251

426

-106

Operating lease right-of-use assets and other assets

-415

-339

-239

-26

261

109

-270

-42

168

57

-173

-109

-148

350

471

133

310

110

978

43

0

73

-452

438

-6

-6

Accounts payable

1,793

-3,743

1,153

2,979

-49

-56

2,233

-5,016

4,990

-885

-2,566

-3,051

1,779

-684

5,254

-1,808

-752

2,543

-97

-6,244

5,874

1,762

-210

1,764

-884

332

Accrued liabilities and other current liabilities

172

-1,819

374

-508

1,270

-792

-372

-40

-433

144

-1,404

-6,336

-616

5,713

-763

3,641

532

-343

-

-

2,017

-324

1,002

425

935

132

Operating lease liabilities, non-current and other liabilities

-154

-181

12

-32

0

12

33

40

59

-6

25

174

219

7

15

-290

-22

-97

-2,164

2,455

21

-147

-9

64

151

91

Deferred revenue

3,401

1,747

1,436

4,518

3,429

838

-677

2,348

3,103

-975

2,483

2,010

3,127

1,010

4,412

3,869

3,176

1,650

3,309

5,386

5,122

1,768

4,046

2,577

4,082

3,162

Net cash provided by operating activities

10,968

-10,288

-1,300

9,125

9,895

-4,845

1,504

5,439

3,932

-1,556

-4,213

1,888

-8,907

-3,322

2,114

4,529

-8,660

-2,940

-6,408

4,006

-4,630

-1,716

-5,957

5,414

-3,175

-8,662

Cash flows from investing activities
Purchases of property and equipment

146

290

315

690

254

1,185

85

44

243

223

424

1,002

398

337

264

1,070

484

452

746

508

768

363

1,159

788

544

419

Capitalized software development costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

124

1,789

1,238

1,110

946

1,070

-

-

-

-

Maturities of short-term investments

26,682

30,800

26,101

21,900

15,701

22,950

30,550

11,000

14,400

4,200

25,161

14,200

7,200

4,200

2,498

0

0

0

-

-

-

-

-

-

-

-

Purchases of short-term investments

22,754

25,620

29,580

31,287

11,773

21,587

39,093

14,407

14,073

7,709

32,336

9,896

2,186

2,406

49,223

0

0

0

-

-

-

-

-

-

-

-

Investment in privately held company

-

-

-

-

-

-

-

-

-

-

0

0

0

1,500

-

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by investing activities

3,782

4,890

-3,794

-10,077

3,674

178

-8,628

-3,451

84

-3,732

-7,599

3,302

4,616

-43

-46,989

-1,070

-608

-2,241

-1,984

-1,618

-1,714

-1,433

-1,159

-788

-544

-419

Cash flows from financing activities
Payment of offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

155

3,396

456

-

-

-

-

Payment for deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from exercise of convertible preferred stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

907

0

692

0

0

Proceeds from exercise of vested stock options

-

-

-

-

-

-

-

-

-

-

-

462

245

108

354

304

524

342

515

91

137

978

142

457

201

369

Proceeds from early exercise of stock options, net of repurchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

144

401

269

Proceeds from employee stock option exercises and employee stock purchase plan

1,441

21

-

47

1,584

28

-

14

2,881

218

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment for shares withheld for tax withholdings on vesting of restricted stock units

144

243

708

215

593

1,080

120

619

125

326

180

401

229

311

852

939

822

545

316

0

0

0

-

-

-

-

Payments for Repurchase of Common Stock

-

-

-

-

-

-

-

-

-

-

0

688

666

785

0

0

0

0

-

-

-

-

-

-

-

-

Payment on finance lease (capital lease prior to adoption of ASC 842)

48

49

47

47

48

46

56

43

40

43

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

10,000

0

0

0

0

-

-

-

-

Repayments of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

10,000

0

0

0

0

-

-

-

-

Repayments of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

239

Net cash provided by (used in) financing activities

1,249

-271

-1,330

-1,548

-80

-1,098

424

-2,658

1,696

-151

2,258

-627

2,240

-988

2,427

-635

1,973

-203

199

-64

76,954

1,429

8,252

1,236

10,841

399

Net increase in cash and cash equivalents

15,999

-5,669

-6,424

-2,500

13,489

-5,765

-6,700

-670

5,712

-5,439

-9,554

4,563

-2,051

-4,353

-42,448

2,824

-7,295

-5,384

-8,193

2,324

70,610

-1,720

1,136

5,862

7,122

-8,682

Supplemental disclosure of cash flow information
Income taxes paid

62

67

56

55

11

36

65

120

76

99

131

144

142

249

125

38

113

243

65

140

80

135

-5

376

-70

105

Interest paid

138

209

208

202

187

168

152

157

141

126

120

115

110

139

139

141

96

608

443

358

355

272

203

136

101

100

Supplemental disclosure of noncash investing and financing activities
Cashless exercise of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Unpaid property and equipment purchases

28

76

-141

-257

424

196

4

62

-22

22

-1,324

-458

1,890

97

-76

-232

87

281

-169

270

-171

382

-

-

-

-

Unpaid capitalized software development costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-62

156

168

107

164

0

-

-

-

-

Property and equipment purchased but not paid for

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

249

Reclassification of the convertible preferred stock warrant liability to additional paid-in capital on the exercise of the convertible preferred stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

0

-30

3,202

0

1,755

0

0

Vesting of early exercised stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15

15

15

18

15

21

381

349

15

101

16

Offering costs for common stock not yet paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,405

3,560

397

1,590

103

0

Stock-based compensation in capitalized software development

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

11

246

204

136

59

46

-

-

-

-