Inogen, inc. (INGN)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Cash flows from operating activities
Net income (loss)

20,950

51,845

21,002

20,519

11,585

6,826

25,435

564

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

13,834

11,295

12,302

13,558

14,012

12,080

8,544

4,984

Loss on rental assets and other fixed assets

-568

-1,160

-1,136

-1,202

-1,214

-1,897

-321

-258

Gain on sale of former rental assets

68

416

64

272

-

-

-

-

Provision for sales revenue returns and doubtful accounts

17,177

17,518

13,773

11,082

7,598

5,143

-

-

Loss on disposal of other fixed assets

-

-

-

-

-

-

-

-5

Provision for sales returns

-

-

-

-

-

-

1,770

627

Provision for doubtful accounts

-

-

-

-

-

-

2,045

1,071

Provision for rental revenue adjustments

2,233

2,678

5,057

10,777

8,543

7,898

6,613

3,102

Provision for inventory losses

972

351

340

133

89

202

78

42

Stock-based compensation expense

9,129

12,790

9,640

7,294

3,640

1,451

230

60

Decrease in fair value of preferred stock warrant liability

-

-

-

-

-

-36

262

-148

Deferred income taxes

2,873

-11,595

7,947

1,036

4,760

1,564

-21,788

-

Change in fair value of earnout liability

810

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation arrangements

-

-

-

-

-1,641

1,641

-

-

Changes in operating assets and liabilities:
Accounts receivable

16,707

25,963

18,263

32,738

16,699

22,159

13,628

7,462

Inventories

10,336

9,972

5,894

7,458

2,570

3,570

267

2,436

Deferred cost of revenue

-

-

-

1

-118

226

130

89

Income tax receivable

321

1,348

875

-1,725

1,670

401

87

-

Prepaid expenses and other current assets

2,693

4,524

782

789

-252

591

378

15

Operating lease right-of-use asset

5,856

-

-

-

-

-

-

-

Other noncurrent assets

2,064

1,626

-

-

-

-

-

-

Accounts payable and accrued expenses

3,202

6,360

7,438

-86

1,582

3,637

2,150

1,705

Accrued payroll

-5,188

4,538

722

852

1,205

1,168

543

893

Warranty reserve

3,041

3,359

2,689

1,507

858

306

362

197

Deferred revenue

2,724

3,360

3,654

2,759

2,030

2,229

1,169

500

Income tax payable

429

64

225

-11

11

-

-25

4

Operating lease liability

6,716

-

-

-

-

-

-

-

Deferred tax liabilities

-

-

-

-

-

-

10

-3

Other noncurrent liabilities

-832

103

447

-55

-38

-80

258

139

Net cash provided by (used in) operating activities

40,593

59,977

60,494

31,034

38,161

15,697

13,467

4,004

Cash flows from investing activities
Purchases of marketable securities

58,686

76,162

46,933

33,142

36,626

-

-

-

Maturities of marketable securities

91,350

63,455

37,041

28,843

19,810

-

-

-

Investment in intangible assets

254

350

3,316

113

45

205

37

63

Investment in property and equipment

3,143

8,043

2,914

1,718

2,208

1,551

3,030

2,024

Production and purchase of rental equipment

3,117

4,580

3,997

6,185

10,236

14,481

15,075

10,361

Proceeds from sale of former assets

194

715

183

388

-

-

-

-

Payment for acquisition, net of cash acquired

70,401

-

4,494

-

-

-

-

-

Payment of deposit

-

-

-

-

-

17

-

27

Net proceeds from issuance of Series G redeemable convertible preferred stock

-

-

-

-

-

-

-

19,945

Net cash provided by (used in) investing activities

-44,057

-24,965

-24,430

-11,927

-29,305

-16,254

-18,142

-12,475

Cash flows from financing activities
Proceeds from borrowings

-

-

-

-

-

6,000

6,000

6,000

Proceeds from redeemable convertible preferred stock warrants and common stock warrants exercised

-

-

-

-

5

506

1,883

422

Proceeds from stock options exercised

3,109

17,156

12,625

6,974

1,615

946

10

3

Proceeds from initial public offering

-

-

-

-

-

56,471

-

-

Costs associated with initial public offering

-

-

-

-

-

6,031

597

-

Proceeds from employee stock purchases

2,748

2,348

1,379

1,055

701

413

-

-

Payment of employment taxes related to release of restricted stock

928

1,208

-

-

-

-

-

-

Repayment of debt from investment in intangible assets

-

-

-

315

299

213

212

213

Repayment of borrowings

-

-

-

-

-

15,861

4,000

6,480

Net cash provided by financing activities

4,929

18,296

14,004

7,714

381

43,872

3,084

19,677

Excess tax benefits from stock-based compensation arrangements

-

-

-

-

-1,641

1,641

-

-

Effect of exchange rates on cash

-62

373

34

-76

33

-

-

-

Net increase (decrease) in cash and cash equivalents

1,403

53,681

50,102

26,745

9,270

43,315

-1,591

11,206

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

-

-

-

10

26

487

552

462

Cash paid during the period for income taxes, net of refunds received

239

1,653

1,267

-447

19

2,061

311

37

Supplemental disclosure of non-cash transactions
Accrued value of earnout related to acquisition

25,749

-

-

-

-

-

-

-

Property and equipment in accounts payable and accrued liabilities

66

125

70

-

-

-

-

-

Deemed dividend on redeemable convertible preferred stock

-

-

-

-

-

987

7,278

5,781