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

14,059

20,950

32,370

41,939

46,389

51,845

41,194

32,100

25,828

21,002

26,868

24,776

23,930

20,519

19,117

16,567

12,534

11,585

9,246

8,683

7,510

6,826

27,278

25,919

25,593

25,435

0

0

0

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

15,502

13,834

11,990

11,040

11,096

11,295

11,566

11,790

12,091

12,302

12,525

13,005

13,314

13,558

13,834

13,978

14,016

14,012

13,769

13,402

12,866

12,080

11,328

10,477

9,541

8,544

0

0

0

Loss on rental assets and other fixed assets

-527

-568

-785

-958

-1,047

-1,160

-1,050

-1,057

-1,095

-1,136

-1,245

-1,239

-1,221

-1,202

-1,216

-1,133

-1,315

-1,214

-1,583

-1,624

-1,764

-1,897

-1,194

-1,074

-586

-321

0

0

0

Gain on sale of former rental assets

84

68

71

61

36

416

411

415

428

64

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for sales revenue returns and doubtful accounts

16,357

17,177

16,633

16,466

17,026

17,518

17,543

17,013

15,512

13,773

13,224

12,731

11,356

11,082

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Provision for sales returns

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

3,238

2,188

2,356

1,770

0

0

0

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,893

1,647

1,759

2,045

0

0

0

Provision for rental revenue adjustments

2,451

2,233

2,222

2,476

2,549

2,678

3,386

3,583

4,045

5,057

6,822

8,210

9,864

10,777

9,962

9,727

8,706

8,543

8,732

8,773

8,707

7,898

8,086

8,524

7,126

6,613

0

0

0

Provision for inventory losses

863

972

625

534

734

351

437

465

406

340

214

127

123

133

0

0

0

-

-

-

208

202

111

94

63

78

0

0

0

Recovery on other inventory losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Stock-based compensation expense

8,327

9,129

9,937

11,588

12,995

12,790

12,793

12,100

11,130

9,640

8,520

7,950

7,890

7,294

6,701

5,764

4,417

3,640

2,671

2,112

1,838

1,451

1,237

845

337

230

0

0

0

Decrease in fair value of preferred stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-36

24

-17

246

262

0

0

0

Deferred income taxes

1,839

2,873

1,959

-5,428

-8,963

-11,595

-1,734

5,185

6,203

7,947

1,418

244

148

1,036

0

0

0

-

-

-

-

1,564

0

0

0

-

-

-

-

Change in fair value of earnout liability

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

17,701

16,707

25,839

28,218

26,274

25,963

20,670

23,374

22,454

18,263

23,752

26,671

28,267

32,738

29,260

23,024

19,982

16,699

18,291

23,696

17,693

22,159

21,571

17,826

21,128

13,628

0

0

0

Inventories

11,160

10,336

5,080

-634

8,542

9,972

15,241

12,810

10,270

5,894

1,719

4,632

5,239

7,458

8,623

5,745

4,541

2,570

3,529

3,443

3,340

3,570

3,345

2,028

707

267

0

0

0

Deferred cost of revenue

-

-

-

-

-

-

0

0

-47

-

-81

-118

-138

1

-35

43

88

-118

51

29

149

226

140

235

120

130

0

0

0

Income tax receivable

208

321

513

97

1,974

1,348

767

1,159

20

875

0

0

0

-

-

-

-

1,670

520

-2,181

-500

401

0

0

0

-

-

-

0

Prepaid expenses and other current assets

4,260

2,693

2,651

3,601

5,475

4,524

4,844

4,709

1,201

782

1,610

-547

1,247

789

-426

640

-99

-252

916

597

325

591

423

454

617

378

0

0

0

Operating lease right-of-use asset

2,182

5,856

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other noncurrent assets

1,113

2,064

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

7,935

3,202

3,631

-4,247

458

6,360

4,526

9,802

7,321

7,438

1,216

1,997

-301

-86

6,353

2,042

2,867

1,582

4,604

6,370

5,847

3,637

1,495

2,715

2,118

2,150

0

0

0

Accrued payroll

820

-5,188

-5,197

-2,133

1,240

4,538

5,038

4,508

2,739

722

996

44

815

852

1,205

271

-1,635

1,205

907

1,416

368

1,168

930

314

1,604

543

0

0

0

Warranty reserve

3,814

3,041

2,234

1,595

2,512

3,359

3,675

4,077

3,235

2,689

2,168

1,630

1,579

1,507

1,609

1,415

1,038

858

616

528

470

306

329

352

261

362

0

0

0

Deferred revenue

2,506

2,724

2,790

3,158

3,119

3,360

4,062

3,587

3,641

3,654

3,890

3,572

2,922

2,759

2,271

2,504

2,267

2,030

2,270

1,903

1,894

2,229

1,876

1,721

1,559

1,169

0

0

0

Income tax payable

809

429

240

72

-177

64

0

0

0

-

-

-

-

-11

0

0

0

-

-

-

-

-

0

0

0

-

-

-

-

Operating lease liability

3,998

6,716

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other noncurrent liabilities

-

-832

-896

-938

-713

103

79

690

450

447

517

-92

-58

-55

-21

1

-36

-38

-53

-62

-71

-80

0

0

0

-

-

-

-

Net cash provided by (used in) operating activities

42,957

40,593

43,541

43,317

45,913

59,977

60,648

63,646

59,522

60,494

52,668

44,348

39,469

31,034

38,409

41,207

36,877

38,161

29,933

21,288

23,088

15,697

13,357

14,750

9,444

13,467

0

0

0

Cash flows from investing activities
Purchases of marketable securities

-

58,686

84,558

75,451

83,630

76,162

61,851

63,520

48,510

46,933

42,188

41,010

36,140

33,142

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of marketable securities

88,651

91,350

87,650

75,370

68,680

63,455

47,670

50,958

37,616

37,041

31,120

25,107

26,693

28,843

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Investment in intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

42

36

47

205

0

0

0

-

-

-

-

Investment in property and equipment

3,689

3,143

3,078

5,475

6,901

8,043

8,071

6,486

4,396

2,914

2,318

1,461

1,597

1,718

-6,089

-4,326

2,370

2,208

10,271

8,708

1,934

1,551

1,518

2,272

2,793

3,030

0

0

0

Production and purchase of rental equipment

3,071

3,117

3,292

3,614

3,914

4,580

4,790

4,610

4,256

3,997

4,279

5,062

5,918

6,185

0

0

0

-

-

-

15,068

14,481

13,289

14,081

14,803

15,075

0

0

0

Proceeds from sale of former assets

207

194

201

200

191

715

734

711

702

183

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reimbursement of deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Refund of deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by (used in) investing activities

-28,210

-44,057

-73,509

-9,351

-25,924

-24,965

-30,006

-26,315

-26,654

-24,430

-21,939

-26,800

-16,634

-11,927

-11,853

-7,982

-24,323

-29,305

-33,707

-30,730

-17,066

-16,254

-15,021

-16,570

-17,801

-18,142

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

506

475

1,119

1,485

1,883

0

0

0

Proceeds from stock options exercised

1,534

3,109

8,228

12,517

14,332

17,156

14,246

12,412

14,862

12,625

11,717

11,712

9,104

6,974

5,214

3,228

1,541

1,615

1,718

1,216

1,101

946

0

0

0

-

-

-

0

Proceeds from initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56,471

0

0

0

-

-

-

-

Costs associated with initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,031

0

0

0

-

-

-

-

Proceeds from employee stock purchases

2,311

2,748

2,748

2,885

2,885

2,348

2,348

1,786

1,786

1,379

1,379

1,136

1,136

1,055

1,055

859

859

701

0

0

0

-

-

-

-

-

-

-

-

Payment of employment taxes related to release of restricted stock

387

928

942

1,691

1,620

1,208

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt from investment in intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

315

311

292

295

299

306

290

241

213

183

192

211

212

0

0

0

Repayment of borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,861

17,111

5,317

4,490

4,000

0

0

0

Net cash provided by financing activities

3,458

4,929

10,034

13,711

15,597

18,296

15,491

13,896

16,346

14,004

13,016

12,689

10,002

7,714

4,322

-529

-1,349

381

2,704

-7,782

-4,470

43,872

40,765

56,692

53,776

3,084

0

0

0

Excess tax benefits from stock-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Effect of exchange rates on cash

-79

-62

-217

-74

366

373

456

406

-35

34

-61

-26

-132

-76

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

18,126

1,403

-20,151

47,603

35,952

53,681

46,589

51,633

49,179

50,102

43,684

30,211

32,705

26,745

30,919

32,678

11,298

9,270

-1,070

-17,224

1,552

43,315

39,101

54,872

45,419

-1,591

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

10

14

18

22

26

30

185

363

487

723

657

577

552

0

0

0

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

-

239

243

230

1,881

1,653

1,734

1,828

1,208

1,267

1,250

1,550

-407

-447

-546

-941

-9

19

420

1,292

2,055

2,061

1,860

1,053

336

311

0

0

0

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

-90

66

-18

163

226

125

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deemed dividend on redeemable convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

987

2,906

4,757

6,542

7,278

0

0

0