Insmed inc (INSM)
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'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities
Net loss

-66,364

-52,988

-60,682

-66,514

-74,153

-91,573

-87,743

-76,437

-68,524

-65,384

-45,179

-44,672

-37,414

-68,402

-37,760

-36,579

-33,532

-31,245

-30,962

-28,607

-27,369

-17,647

-23,990

-23,224

-14,298

-16,214

-17,327

-8,854

-13,678

-15,451

-9,382

-9,696

-6,845

-8,162

-34,590

-10,018

-6,894

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

2,266

1,939

1,004

1,176

1,069

925

954

929

769

733

714

738

716

682

674

568

514

640

463

447

432

376

355

175

167

205

171

156

148

149

138

138

136

110

79

79

75

Amortization of intangible assets

1,249

1,248

1,249

1,248

1,248

1,249

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

9,002

5,888

6,794

7,353

6,936

6,035

7,902

6,629

5,674

4,741

4,741

4,559

4,032

4,160

5,045

4,615

4,219

3,833

3,796

3,439

4,522

2,736

3,256

2,978

2,358

2,258

1,457

3,999

954

1,463

505

518

495

508

439

485

167

Loss on extinguishment of debt

-

-

-

-

-

0

0

-9

-2,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of asset, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2

0

0

0

5

1

0

0

0

Amortization of debt issuance costs

349

350

349

349

349

350

415

286

299

27

30

30

31

31

175

37

38

115

114

123

106

107

91

90

102

77

20

118

118

-

-

-

-

-

-

-

-

Accretion of debt discount and back-end fee on debt

4,650

4,587

4,526

4,466

4,406

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease amortization expense

360

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash operating lease expense

1,536

-

-

-

2,276

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of debt discount

-

-

-

-

-

-

-

-

3,021

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of back-end fee on debt

-

-

-

-

-

-

-

-

50

-

164

171

171

-

-

-

-

19

19

11

27

24

24

29

33

34

29

48

49

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-2,078

3,886

3,708

2,291

3,832

5,515

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-757

317

137

134

-302

Inventory

2,332

5,000

3,153

7,478

5,650

7,032

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-4,341

-1,438

5,568

3,527

1,061

1,199

662

1,436

2,217

1,731

1,180

224

-352

-421

-946

860

316

-1,132

1,227

1,187

202

1,614

-485

-757

2,600

754

-108

389

797

5

-88

526

-263

-138

-12

472

-108

Other assets

1,568

703

3,218

5,043

7,044

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

4,169

-6,376

2,694

-10,783

9,499

1,334

555

2,809

-828

4,525

-1,688

2,793

-2,026

2,406

-861

695

527

-3,121

2,321

408

-1,389

766

-1,096

-247

3,889

1,268

-3,204

-319

1,124

4,075

-213

319

545

830

-417

-1,161

1,632

Accrued expenses and other

-7,480

-6,210

3,609

9,343

-1,953

10,093

4,786

5,202

-165

3,456

4,160

359

-2,774

-66

800

3,287

-978

1,080

1,446

1,126

-1,010

2,311

-798

812

-832

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses, deferred rent and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,459

-338

1,787

891

-1,047

1,687

-609

371

277

65

-46

Accrued lease expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-63

-63

-64

-66

-64

-65

-64

1,201

0

0

0

Accrued compensation

-10,191

5,186

3,736

-6,053

-5,937

10,821

4,016

2,875

-7,701

-

-

-

-

-

-

-

-

-

-

-

-

-

-

700

-1,468

-

64

530

-848

626

732

339

-285

-322

113

182

-295

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-421

226

-49

-158

Net cash used in operating activities

-57,935

-44,404

-52,368

-80,030

-73,847

-70,164

-65,488

-54,912

-67,413

-48,221

-38,238

-36,246

-36,912

-57,962

-30,981

-28,237

-29,528

-27,547

-24,030

-24,240

-24,883

-12,932

-20,905

-17,930

-12,649

-14,057

-16,286

-5,112

-11,209

-8,926

-9,188

-7,286

-5,612

-6,065

-8,008

-11,023

-5,109

Investing activities
Purchase of fixed assets

2,679

13,038

14,592

10,610

4,028

3,027

1,851

2,847

5,365

1,700

447

437

417

772

1,300

1,540

588

407

853

930

1,264

1,537

2,919

564

331

113

220

330

163

168

27

29

66

424

487

54

14

Proceeds from sale of asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2

-

-

-

-

-

-

-

-

Sales of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64,414

-1

4,144

12,907

10,482

9,249

181

16,588

Purchases of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-424

122

1,376

87

Net cash used in investing activities

-2,679

-13,038

-14,592

-10,610

-4,028

-4,751

-1,851

-2,847

-5,365

-1,700

-447

-437

-417

-772

-1,300

-1,540

-588

-407

-853

-930

-1,264

-1,527

-2,919

-564

-331

-113

1,933

-330

-161

44,589

-28

4,120

12,841

10,482

8,640

-1,249

16,487

Financing activities
Proceeds from issuance of 1.75% convertible senior notes due 2025

-

-

-

-

-

0

0

0

450,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment on extinguishment of debt

-

-

-

-

-

0

0

0

2,835

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt

-

-

-

-

-

0

0

0

55,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

16

16

16

16

21

30

29

29

29

28

34

18

22

21

21

Proceeds from issuance of debt

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options, ESPP, and RSU vesting

2,426

4,735

1,462

10,455

3,049

2,425

605

5,643

142

480

519

1,869

565

956

0

47

81

111

825

2,701

1,475

543

438

56

353

155

794

626

51

-

-

-

-

-

-

-

-

Payments of finance lease principal

292

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

-

-

-

-

-

2

0

94

14,141

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

2,134

9,238

1,358

271,633

3,049

2,423

605

5,549

378,166

433

378,222

1,869

565

20,853

9,692

47

81

-139

825

225,643

1,475

6,374

108,438

-60

337

39

67,790

596

22

10,130

25,630

9,698

-34

-18

-22

11

-21

Effect of exchange rates on cash and cash equivalents

-7

-

-

-

-15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rates on cash and cash equivalents

-

-

-

-

-

-10

-21

-42

28

-25

77

39

12

-46

-2

-33

31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-58,487

-48,203

-65,628

181,029

-74,841

-72,502

-66,755

-52,252

305,416

-49,513

339,614

-34,775

-36,752

-37,927

-22,591

-29,763

-30,004

-28,093

-24,058

200,473

-24,672

-8,085

84,614

-18,554

-12,643

-14,131

53,437

-4,846

-11,348

45,793

16,414

6,532

7,195

4,399

610

-12,261

11,357

Supplemental disclosures of cash flow information:
Cash paid for interest

4,381

3

3,939

2

3,939

1,314

3,699

1

1,275

1,289

1,302

1,301

1,273

1,137

899

597

975

718

724

843

663

400

473

467

463

393

472

468

476

234

161

1

2

19

-2

-7

0

Cash paid for income taxes

414

19

120

22

178

27

34

39

54

104

21

24

17

-

-

-

-

-2,014

0

-1,988

994

5,040

0

0

4,389

0

0

0

1,221

-

0

2

2

-

0

-2

0

Supplemental disclosures of non-cash investing and financing activities:
Unrealized loss on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-835

199

-30

216

665

-246

303

-179

Accretion of beneficial conversion charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-9,175