Inogen, inc. (INGN)
CashFlow / Quarterly
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'13Sep'13Jun'13Mar'13
Cash flows from operating activities
Net income (loss)

-1,589

-1,375

6,863

10,160

5,302

10,045

16,432

14,610

10,758

-606

7,338

8,338

5,932

5,260

5,246

7,492

2,521

3,858

2,696

3,459

1,572

1,519

2,133

2,286

888

21,971

774

1,960

730

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

4,462

4,618

3,662

2,760

2,794

2,774

2,712

2,816

2,993

3,045

2,936

3,117

3,204

3,268

3,416

3,426

3,448

3,544

3,560

3,464

3,444

3,301

3,193

2,928

2,658

2,549

2,342

1,992

1,661

Loss on rental assets and other fixed assets

-130

-95

-150

-152

-171

-312

-323

-241

-284

-202

-330

-279

-325

-311

-324

-261

-306

-325

-241

-443

-205

-694

-282

-583

-338

9

-162

-95

-73

Gain on sale of former rental assets

37

4

18

25

21

7

8

0

401

2

12

13

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for sales revenue returns and doubtful accounts

3,608

3,973

4,314

4,462

4,428

3,429

4,147

5,022

4,920

3,454

3,617

3,521

3,181

2,905

3,124

2,146

2,907

-

-

-

-

-

-

-

-

-

-

-

-

Provision for sales returns

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

966

-

1,380

230

948

680

330

398

362

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

297

-

630

375

196

692

384

487

482

Provision for rental revenue adjustments

808

532

474

637

590

521

728

710

719

1,229

925

1,172

1,731

2,994

2,313

2,826

2,644

2,179

2,078

1,805

2,481

2,368

2,119

1,739

1,672

2,556

2,557

341

1,159

Provision for inventory losses

347

379

183

-46

456

32

92

154

73

118

120

95

7

-8

33

91

17

-

-

-

32

77

46

53

26

-14

29

22

41

Recovery on other inventory losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

-

-

-

-

-

-

-

Stock-based compensation expense

2,784

2,199

1,565

1,779

3,586

3,007

3,216

3,186

3,381

3,010

2,523

2,216

1,891

1,890

1,953

2,156

1,295

1,297

1,016

809

518

328

457

535

131

114

65

27

24

Decrease in fair value of preferred stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-36

60

-41

263

-20

Deferred income taxes

-200

-3,035

1,841

3,233

834

-3,949

-5,546

-302

-1,798

5,912

1,373

716

-54

-617

199

620

834

-

-

-

-

2,563

-715

-342

58

-

-

-

-

Change in fair value of earnout liability

-952

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

870

1,818

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

10,511

-2,402

-626

10,218

9,517

6,730

1,753

8,274

9,206

1,437

4,457

7,354

5,015

6,926

7,376

8,950

9,486

3,448

1,140

5,908

6,203

5,040

6,545

-95

10,669

4,452

2,800

3,207

3,169

Inventories

3,721

2,400

9,472

-4,433

2,897

-2,856

3,758

4,743

4,327

2,413

1,327

2,203

-49

-1,762

4,240

2,810

2,170

-597

1,362

1,606

199

362

1,276

1,503

429

137

-41

182

-11

Deferred cost of revenue

-

-

-

-

-

-

20

46

-26

-

-27

3

-16

-41

-64

-17

123

-77

14

28

-83

92

-8

148

-6

6

87

33

4

Income tax receivable

-213

109

117

195

-100

301

-299

2,072

-726

-280

93

933

129

-

-

-

-

1,638

2,701

-1,855

-814

488

0

-174

87

-

-

-

31

Prepaid expenses and other current assets

3,710

-917

449

1,018

2,143

-959

1,399

2,892

1,192

-639

1,264

-616

773

189

-893

1,178

315

-1,026

173

439

162

142

-146

167

428

-26

-115

330

189

Operating lease right-of-use asset

2,262

-500

895

-475

5,936

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other noncurrent assets

-460

-24

162

1,435

491

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

2,759

-260

3,239

2,197

-1,974

169

-4,639

6,902

3,928

-1,665

637

4,421

4,045

-7,887

1,418

2,123

4,260

-1,448

-2,893

2,948

2,975

1,574

-1,127

2,425

765

-568

93

1,828

797

Accrued payroll

2,436

-486

-266

-864

-3,572

-495

2,798

2,509

-274

5

2,268

740

-2,291

279

1,316

1,511

-2,254

632

382

-395

586

334

891

-1,443

1,386

96

275

-153

325

Warranty reserve

1,000

1,095

1,151

568

227

288

512

1,485

1,074

604

914

643

528

83

376

592

456

185

182

215

276

-57

94

157

112

-34

117

66

213

Deferred revenue

149

-101

866

1,592

367

-35

1,234

1,553

608

667

759

1,607

621

903

441

957

458

415

674

720

221

655

307

711

556

302

152

549

166

Income tax payable

103

219

195

292

-277

30

27

43

-36

-

-

-

-

0

0

-6

-5

-

-

-

-

-

1,212

1,003

432

-

-

-

-

Operating lease liability

4,263

-601

855

-519

6,981

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other noncurrent liabilities

-

0

0

0

-832

-64

-42

225

-16

-88

569

-15

-19

-18

-40

19

-16

16

-18

-18

-18

1

-27

-27

-27

-

-

-

-

Net cash provided by (used in) operating activities

540

9,389

14,601

18,427

-1,824

12,337

14,377

21,023

12,240

13,008

17,375

16,899

13,212

5,182

9,055

12,020

4,777

12,557

11,853

7,690

6,061

4,329

3,208

9,490

-1,330

1,989

4,601

4,184

2,693

Cash flows from investing activities
Purchases of marketable securities

-

5

20,080

19,568

19,033

25,877

10,973

27,747

11,565

11,566

12,642

12,737

9,988

6,821

11,464

7,867

6,990

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of marketable securities

11,051

33,450

17,750

26,400

13,750

29,750

5,470

19,710

8,525

13,965

8,758

6,368

7,950

8,044

2,745

7,954

10,100

-

-

-

-

-

-

-

-

-

-

-

-

Investment in intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

10

0

11

21

4

11

169

-

-

-

-

Investment in property and equipment

1,479

868

302

1,040

933

803

2,699

2,466

2,075

831

1,114

376

593

235

257

512

714

-7,572

2,020

7,208

552

491

457

434

169

458

1,211

955

406

Production and purchase of rental equipment

735

930

706

700

781

1,105

1,028

1,000

1,447

1,315

848

646

1,188

1,597

1,631

1,502

1,455

-

-

-

3,477

4,349

3,380

3,862

2,890

3,157

4,172

4,584

3,162

Proceeds from sale of former assets

62

28

62

55

49

35

61

46

573

54

38

37

54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reimbursement of deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

Refund of deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

Net cash provided by (used in) investing activities

8,899

31,452

-73,677

5,116

-6,948

2,000

-9,519

-11,457

-5,989

-3,041

-5,828

-11,796

-3,765

-550

-10,689

-1,630

942

-476

-6,818

-17,971

-4,040

-4,878

-3,841

-4,307

-3,228

-3,645

-5,390

-5,538

-3,569

Cash flows from financing activities
Proceeds from redeemable convertible preferred stock warrants and common stock warrants exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

0

0

467

8

644

366

865

Proceeds from stock options exercised

60

1,073

158

243

1,635

6,192

4,447

2,058

4,459

3,282

2,613

4,508

2,222

2,374

2,608

1,900

92

614

622

213

166

717

120

98

11

-

-

-

1

Proceeds from initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

56,471

-

-

-

-

Costs associated with initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,089

31

9

4,902

-

-

-

-

Proceeds from employee stock purchases

1,088

0

1,223

0

1,525

0

1,360

0

988

0

798

0

581

0

555

0

500

0

359

0

342

-

-

-

-

-

-

-

-

Payment of employment taxes related to release of restricted stock

173

91

52

71

714

105

801

0

302

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt from investment in intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

80

79

79

77

76

60

82

81

83

44

33

53

53

53

52

54

Repayment of borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

12,711

1,743

1,407

1,250

917

916

917

Net cash provided by financing activities

975

982

1,329

172

2,446

6,087

5,006

2,058

5,145

3,282

3,411

4,508

2,803

2,294

3,084

1,821

515

-1,098

-1,767

1,001

2,245

1,225

-12,253

4,313

50,587

-1,882

3,674

1,397

-105

Excess tax benefits from stock-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

870

1,818

-

-

-

-

-

-

-

-

Effect of exchange rates on cash

-89

83

-69

-4

-72

-72

74

436

-65

11

24

-5

4

-84

59

-111

60

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

10,325

41,906

-57,816

23,711

-6,398

20,352

9,938

12,060

11,331

13,260

14,982

9,606

12,254

6,842

1,509

12,100

6,294

11,016

3,268

-9,280

4,266

676

-12,886

9,496

46,029

-3,538

2,885

43

-981

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

-

-

-

-

-

-

-

-

-

-

-

-

-

1

2

3

4

5

6

7

8

9

161

185

132

245

95

105

107

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

-

18

13

-6

214

22

0

1,645

-14

103

94

1,025

45

86

394

-932

5

-13

-1

0

33

388

871

763

39

187

64

46

14

Supplemental disclosure of non-cash transactions
Property and equipment in accounts payable and accrued liabilities

38

48

-224

48

194

-36

-43

111

93

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deemed dividend on redeemable convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

987

1,919

1,851

1,785

1,723