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

-246,548

-254,337

-292,922

-319,983

-329,906

-324,277

-298,088

-255,524

-223,759

-192,649

-195,667

-188,248

-180,155

-176,273

-139,116

-132,318

-124,346

-118,183

-104,585

-97,613

-92,230

-79,159

-77,726

-71,063

-56,693

-56,073

-55,310

-47,365

-48,207

-41,374

-34,085

-59,293

-59,615

-59,664

0

0

0

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

6,385

5,188

4,174

4,124

3,877

3,577

3,385

3,145

2,954

2,901

2,850

2,810

2,640

2,438

2,396

2,185

2,064

1,982

1,718

1,610

1,338

1,073

902

718

699

680

624

591

573

561

522

463

404

343

0

0

0

Amortization of intangible assets

4,994

4,993

4,994

3,745

2,497

1,249

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

29,037

26,971

27,118

28,226

27,502

26,240

24,946

21,785

19,715

18,073

17,492

17,796

17,852

18,039

17,712

16,463

15,287

15,590

14,493

13,953

13,492

11,328

10,850

9,051

10,072

8,668

7,873

6,921

3,440

2,981

2,026

1,960

1,927

1,599

0

0

0

Loss on extinguishment of debt

-

-

-

-

-

-2,209

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of asset, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

2

2

2

5

6

6

6

1

0

0

0

Amortization of debt issuance costs

1,397

1,397

1,397

1,463

1,400

1,350

1,027

642

386

118

122

267

274

281

365

304

390

458

450

427

394

390

360

289

317

333

0

0

0

-

-

-

-

-

-

-

-

Accretion of debt discount and back-end fee on debt

18,229

17,985

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease amortization expense

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash operating lease expense

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of debt discount

-

-

-

-

-

-

-

-

3,021

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of back-end fee on debt

-

-

-

-

-

-

-

-

537

-

0

0

0

-

-

-

-

76

81

86

104

110

120

125

144

160

0

0

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

7,807

13,717

15,346

11,638

9,347

5,515

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-757

-440

-303

-169

286

0

0

0

Inventory

17,963

21,281

23,313

20,160

12,682

7,032

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

3,316

8,718

11,355

6,449

4,358

5,514

6,046

6,564

5,352

2,783

631

-1,495

-859

-191

-902

1,271

1,598

1,484

4,230

2,518

574

2,972

2,112

2,489

3,635

1,832

1,083

1,103

1,240

180

37

113

59

214

0

0

0

Other assets

10,532

16,008

15,305

12,087

7,044

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-10,296

-4,966

2,744

605

14,197

3,870

7,061

4,818

4,802

3,604

1,485

2,312

214

2,767

-2,760

422

135

-1,781

2,106

-1,311

-1,966

3,312

3,814

1,706

1,634

-1,131

1,676

4,667

5,305

4,726

1,481

1,277

-203

884

0

0

0

Accrued expenses and other

-738

4,789

21,092

22,269

18,128

19,916

13,279

12,653

7,810

5,201

1,679

-1,681

1,247

3,043

4,189

4,835

2,674

2,642

3,873

1,629

1,315

1,493

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses, deferred rent and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,799

1,293

3,318

922

402

1,726

104

667

0

0

0

Accrued lease expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-256

-257

-259

-259

1,008

1,072

1,137

1,201

0

0

0

Accrued compensation

-7,322

-3,068

2,567

2,847

11,775

10,011

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

372

1,040

849

1,412

464

-155

-312

-322

0

0

0

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-402

0

0

0

Net cash used in operating activities

-234,737

-250,649

-276,409

-289,529

-264,411

-257,977

-236,034

-208,784

-190,118

-159,617

-169,358

-162,101

-154,092

-146,708

-116,293

-109,342

-105,345

-100,700

-86,085

-82,960

-76,650

-64,416

-65,541

-60,922

-48,104

-46,664

-41,533

-34,435

-36,609

-31,012

-28,151

-26,971

-30,708

-30,205

0

0

0

Investing activities
Purchase of fixed assets

40,919

42,268

32,257

19,516

11,753

13,090

11,763

10,359

7,949

3,001

2,073

2,926

4,029

4,200

3,835

3,388

2,778

3,454

4,584

6,650

6,284

5,351

3,927

1,228

994

826

881

688

387

290

546

1,006

1,031

979

0

0

0

Proceeds from sale of asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

0

0

0

-

-

-

-

-

-

-

-

Sales of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81,464

27,532

36,782

32,819

36,500

0

0

0

Purchases of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,161

0

0

0

Net cash used in investing activities

-40,919

-42,268

-33,981

-21,240

-13,477

-14,814

-11,763

-10,359

-7,949

-3,001

-2,073

-2,926

-4,029

-4,200

-3,835

-3,388

-2,778

-3,454

-4,574

-6,640

-6,274

-5,341

-3,927

925

1,159

1,329

46,031

44,070

48,520

61,522

27,415

36,083

30,714

34,360

0

0

0

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

-

-

-

-

-

450,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment on extinguishment of debt

-

-

-

-

-

2,835

2,835

2,835

2,835

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt

-

-

-

-

-

55,000

55,000

55,000

55,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64

64

69

83

96

109

117

115

120

109

102

95

82

0

0

0

Proceeds from issuance of debt

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

19,078

19,701

17,391

16,534

11,722

8,815

6,870

6,784

3,010

3,433

3,909

3,390

1,568

1,084

239

1,064

3,718

5,112

5,544

5,157

2,512

1,390

1,002

1,358

1,928

1,626

0

0

0

-

-

-

-

-

-

-

-

Payments of finance lease principal

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

-

-

-

-

-

14,237

14,235

14,235

14,141

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

284,363

285,278

278,463

277,710

11,626

386,743

384,753

762,370

758,690

381,089

401,509

32,979

31,157

30,673

9,681

814

226,410

227,804

234,317

341,930

116,227

115,089

108,754

68,106

68,762

68,447

78,538

36,378

45,480

45,424

35,276

9,624

-63

-50

0

0

0

Effect of exchange rates on cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rates on cash and cash equivalents

-

-

-

-

-

-45

-60

38

119

103

82

3

-69

-50

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

8,711

-7,643

-31,942

-33,069

-266,350

113,907

136,896

543,265

560,742

218,574

230,160

-132,045

-127,033

-120,285

-110,451

-111,918

118,318

123,650

143,658

252,330

33,303

45,332

39,286

8,109

21,817

23,112

83,036

46,013

57,391

75,934

34,540

18,736

-57

4,105

0

0

0

Supplemental disclosures of cash flow information:
Cash paid for interest

8,325

7,883

9,194

8,954

8,953

6,289

6,264

3,867

5,167

5,165

5,013

4,610

3,906

3,608

3,189

3,014

3,260

2,948

2,630

2,379

2,003

1,803

1,796

1,795

1,796

1,809

1,650

1,339

872

398

183

20

12

10

0

0

0

Cash paid for income taxes

575

339

347

261

278

154

231

218

203

166

0

0

0

-

-

-

-

-3,008

4,046

4,046

6,034

9,429

4,389

4,389

4,389

1,221

0

0

0

-

0

0

0

-

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-450

1,050

605

938

543

0

0

0

Accretion of beneficial conversion charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,175

0

0

0