Inogen, inc. (INGN)
Balance Sheet / 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'13
Assets
Current assets
Cash and cash equivalents

208,362

198,037

156,131

213,947

190,236

196,634

176,282

166,344

154,284

142,953

129,693

114,711

105,105

92,851

86,009

84,500

72,400

66,106

55,090

51,822

61,102

56,836

56,160

69,046

59,550

13,521

Marketable securities

-

11,057

44,514

42,202

49,011

43,715

47,574

42,068

34,012

30,991

33,395

29,498

23,135

21,033

22,331

13,616

13,694

16,793

19,028

14,240

-

-

-

-

-

-

Accounts receivable, net

40,396

34,325

41,180

46,721

41,525

37,041

34,250

37,472

35,089

31,444

34,699

34,803

30,927

30,828

29,717

27,837

23,748

19,872

20,890

24,765

21,808

19,349

18,061

15,645

18,084

10,231

Inventories, net

37,600

35,664

34,072

24,485

28,820

27,071

30,621

27,407

22,965

18,842

16,855

15,920

13,961

14,343

16,499

12,514

10,275

8,648

9,357

9,308

7,792

7,616

7,331

6,101

4,651

4,248

Deferred cost of revenue

-

-

356

352

346

-

401

381

335

361

358

385

382

398

439

503

520

397

474

460

432

515

423

431

283

289

Income tax receivable

2,763

2,976

2,867

2,750

2,555

2,655

2,356

2,655

591

1,313

1,593

1,500

562

433

1,612

1,228

2,158

2,158

2,161

2,148

3,133

2,129

-

-

-

87

Deferred tax asset - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,540

4,976

4,976

4,976

6,360

5,345

3,923

3,923

Prepaid expenses and other current assets

13,868

10,160

10,716

10,269

9,263

7,467

8,066

6,667

3,778

2,584

3,186

2,030

2,432

1,659

1,470

2,363

1,185

870

1,896

1,723

1,284

1,122

980

1,126

959

531

Total current assets

302,989

292,219

289,836

340,726

321,756

314,583

299,550

282,994

251,054

228,488

219,779

198,847

176,504

161,545

158,077

142,561

123,980

114,844

114,436

109,442

100,527

92,543

89,315

97,694

87,450

32,830

Property and equipment
Rental equipment, net

38,995

39,308

39,821

40,587

41,996

43,038

44,515

46,638

47,420

49,349

51,010

52,183

53,482

54,582

54,684

55,074

54,876

54,677

54,369

52,597

51,130

48,359

45,532

42,859

39,832

37,573

Manufacturing equipment and tooling

10,267

9,704

9,455

9,034

7,469

7,338

7,669

7,272

7,011

6,858

6,693

6,470

6,323

6,133

5,850

5,640

4,818

4,680

4,391

4,271

4,179

3,985

2,745

2,641

2,584

2,551

Computer equipment and software

7,533

7,266

7,051

6,943

6,701

6,153

6,434

6,138

5,836

5,484

5,313

5,138

4,803

4,705

4,663

4,686

4,626

4,503

4,349

4,155

4,003

3,699

3,611

3,508

3,228

2,973

Furniture and equipment

1,730

1,730

1,678

1,463

1,463

1,445

1,385

975

878

746

781

780

779

779

757

802

802

732

795

778

731

649

608

604

603

601

Leasehold improvements

4,398

4,388

4,295

3,595

3,521

3,407

2,888

2,098

1,603

1,598

1,552

921

832

816

811

1,091

1,091

978

961

933

775

756

889

888

888

887

Land and building

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

126

125

126

126

126

126

126

-

-

-

Construction in process

2,443

1,773

1,461

2,616

3,432

3,128

3,660

3,069

1,934

408

265

230

305

75

430

478

847

578

593

400

146

193

1,186

1,067

971

1,093

Total property and equipment

65,491

64,294

63,886

64,363

64,707

64,634

66,676

66,315

64,807

64,568

65,739

65,847

66,649

67,215

67,320

67,896

67,186

66,273

65,584

63,260

61,090

57,767

54,697

51,567

48,106

45,678

Less accumulated depreciation

45,824

44,856

43,998

43,002

42,709

42,293

43,661

44,343

43,909

44,465

44,788

43,886

42,851

42,016

40,485

39,456

37,542

35,593

33,875

31,086

28,762

25,840

23,640

20,917

18,282

15,956

Property and equipment, net

19,667

19,438

19,888

21,361

21,998

22,341

23,015

21,972

20,898

20,103

20,951

21,961

23,798

25,199

26,835

28,440

29,644

30,680

31,709

32,174

32,328

31,927

31,057

30,650

29,824

29,722

Goodwill

32,912

32,954

33,277

2,242

2,212

2,257

2,288

2,304

2,430

2,363

2,330

2,253

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

75,282

77,533

79,536

3,127

3,411

3,755

4,103

4,093

4,456

4,717

1,650

1,684

214

241

268

184

206

229

227

238

260

270

274

315

345

215

Operating lease right-of-use asset

8,117

5,855

6,355

5,461

5,936

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset - noncurrent

14,652

14,452

11,176

26,063

29,296

30,130

26,282

20,736

20,434

18,636

24,619

25,992

26,708

26,654

9,514

11,504

14,474

15,464

11,002

15,248

15,248

15,248

16,427

16,727

17,807

17,865

Other assets

5,502

4,888

4,664

4,793

3,586

2,832

1,874

537

610

765

512

493

405

410

97

97

96

97

97

97

97

97

80

80

80

1,765

Total assets

459,121

447,339

444,732

403,773

388,195

375,898

357,112

332,636

299,882

275,072

269,841

251,230

227,629

214,049

194,791

182,786

168,400

161,314

157,471

157,199

148,460

140,085

137,153

145,466

135,506

82,397

Liabilities and stockholders' equity
Current liabilities
Accounts payable and accrued expenses

32,853

30,730

30,418

27,325

24,731

26,786

26,769

31,174

24,760

20,626

22,367

21,981

16,849

12,795

20,710

19,298

17,220

12,867

14,303

17,181

14,241

11,273

11,201

12,355

10,411

8,764

Accrued payroll

8,650

6,215

6,700

6,969

7,832

11,407

11,904

9,108

6,607

6,877

6,871

4,603

3,832

6,123

5,844

4,528

3,017

5,271

4,639

4,257

4,652

4,066

3,732

2,841

3,829

2,898

Current portion of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80

159

238

315

311

307

303

299

267

7,080

5,038

5,258

Warranty reserve - current

5,614

4,923

4,311

4,036

3,734

3,549

3,539

3,223

2,829

2,505

2,298

1,962

1,848

1,688

1,559

1,674

1,351

1,226

1,172

1,065

928

781

669

605

490

420

Operating lease liability - current

1,863

2,014

2,193

2,006

2,061

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue - current

5,957

5,478

5,835

5,616

5,283

4,451

3,549

3,383

3,152

3,533

3,646

3,585

2,760

2,239

2,035

2,318

2,212

2,323

2,412

2,278

2,244

2,316

1,959

1,984

1,716

1,487

Income tax payable

908

821

586

410

111

392

369

344

319

345

251

59

-

-

-

-

6

11

-

-

-

-

2,647

1,435

432

-

Total current liabilities

55,845

50,181

50,043

46,362

43,752

46,585

46,130

47,232

37,667

33,886

35,433

32,190

25,289

22,845

30,228

27,977

24,044

22,013

22,837

25,088

22,368

18,735

20,475

26,300

21,916

18,827

Long-term liabilities
Warranty reserve - noncurrent

7,957

7,648

7,165

6,289

6,023

5,981

5,703

5,507

4,416

3,666

3,269

2,691

2,160

1,792

1,838

1,347

1,078

747

616

541

463

334

503

473

431

389

Operating lease liability - noncurrent

9,116

4,702

5,123

4,456

4,920

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnout liability - noncurrent

25,607

26,559

25,749

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue - noncurrent

13,211

13,541

13,285

12,638

11,379

11,844

12,781

11,713

10,391

9,402

8,622

7,924

7,142

7,042

6,343

5,619

4,768

4,199

3,695

3,155

2,469

2,176

1,878

1,546

1,104

776

Preferred stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

260

Deferred tax liability - noncurrent

85

87

221

230

227

232

338

340

358

348

414

400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt - noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80

159

237

315

391

6,333

4,151

5,391

Other noncurrent liabilities

-

-

-

-

-

832

896

938

713

729

817

248

263

282

300

340

321

337

321

339

357

375

-

-

-

455

Total liabilities

111,821

102,718

101,586

69,975

66,301

65,474

65,848

65,730

53,545

48,031

48,555

43,453

34,854

31,961

38,709

35,283

30,211

27,296

27,549

29,282

25,894

21,935

23,247

34,652

27,602

26,098

Commitments and contingencies (Note 10)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Preferred stock, $0.001 par value per share; 10,000,000 authorized as of December 31,2013; 0 and 9,541,631 shares issued and outstanding; liquidation preference of $0 and $136,660 at December 31, 2014 and 2013, respectively (Note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

118,671

Stockholders' equity
Preferred stock, $0.001 par value per share; 10,000,000 and 100,000 shares authorized; 0 and 66,666 shares issued and outstanding; liquidation preference of $0 and $250 at December 31, 2014 and 2013, respectively (Note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

247

Common stock, $0.001 par value per share; 200,000,000 authorized; 22,044,527 and 22,031,410 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

22

22

22

22

22

22

21

21

21

21

21

21

20

20

20

20

20

20

19

19

19

19

18

18

18

1

Additional paid-in capital

267,011

263,252

260,071

257,177

255,226

249,194

240,101

231,879

226,635

218,109

211,817

205,883

199,160

194,466

190,202

185,086

181,030

179,143

178,869

179,560

177,668

174,824

172,100

171,141

170,517

-

Retained earnings

79,845

81,434

82,809

75,946

65,786

60,484

50,439

34,007

19,397

8,639

9,245

1,907

-6,431

-12,363

-34,146

-37,601

-42,743

-45,108

-48,966

-51,662

-55,121

-56,693

-58,212

-60,345

-62,631

-62,620

Accumulated other comprehensive income (loss)

422

-87

244

653

860

724

703

999

284

272

203

-34

26

-35

6

-2

-118

-37

-

-

-

-

-

-

-

-

Total stockholders' equity

347,300

344,621

343,146

333,798

321,894

310,424

291,264

266,906

246,337

227,041

221,286

207,777

192,775

182,088

156,082

147,503

138,189

134,018

129,922

127,917

122,566

118,150

113,906

110,814

107,904

-62,372

Total liabilities and stockholders' equity

459,121

447,339

444,732

403,773

388,195

375,898

357,112

332,636

299,882

275,072

269,841

251,230

227,629

214,049

194,791

182,786

168,400

161,314

157,471

157,199

148,460

140,085

137,153

145,466

135,506

82,397