Iridex corp (IRIX)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating activities:
Net loss

-8,813

-12,813

-

-12,867

-

-

-

-

-

-

-

-

Net loss

-

-

-12,867

-

-11,713

474

10,038

2,231

1,438

2,610

3,046

2,585

Less income from discontinued operations

-

-

-

-

-

-

-

-

1,608

469

1,393

-

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-170

2,141

1,653

-

Adjustments to reconcile net loss to net cash used in operating activities:
Gain on sale of intellectual property

-

-

175

175

-

-

-

-

-

-

-

-

Impairment of long-lived assets

-

-

35

35

120

-

-

-

-

-

-

-

Loss on disposal of property and equipment

-2

-4

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

688

809

858

858

648

522

420

490

427

-

-

-

Change in fair value of earn-out liability

47

149

260

260

95

5

1,258

355

215

-

-

-

Stock-based compensation

1,703

1,803

1,922

1,922

1,821

895

972

689

-

-

-

-

Deferred income taxes

-

-

-

-

8,985

-209

-8,776

-

-

-

-

-

Excess tax benefits from stock-based awards

-

-

-

-

-

-

36

-

-

-

-

-

Less income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

1,043

(Loss) income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

1,542

Depreciation and amortization

-

-

-

-

-

-

-

-

-

410

297

440

Change in fair value of earn-out liability

-

-

-

-

-

-

-

-

-

280

-

-

Change in fair value of earn-out liability

-

-

-

-

-

-

-

-

-

-

0

0

Stock-based compensation cost recognized

-

-

-

-

-

-

-

-

388

478

488

271

Tax effect of stock compensation expense

-

-

-

-

-

-

-

-

-

-2

-1

-84

Provision for doubtful accounts

25

-

-

-

122

62

86

61

33

-12

0

84

Changes in operating assets and liabilities:
Provision for inventory reserves

-

-

-

-

-

-

-

-

-

-

-

92

Accounts receivable

271

1,159

-2,162

-2,162

865

1,007

1,078

1,926

-38

82

30

-483

Inventories

-545

-463

-2,091

-2,091

537

1,987

-1,486

2,514

1,376

1,027

1,522

-165

Prepaid expenses and other current assets

-145

54

50

50

64

-124

-66

-553

665

-

-

-

Operating lease right-of-use assets

-1,219

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

75

30

97

Other long-term assets

-47

49

63

63

-84

-57

-82

16

88

-7

-104

-

Other long term assets

-

-

-

-

-

-

-

-

-

-

-

81

Accounts payable

76

788

-270

-270

-229

465

-520

173

525

66

7

-383

Accrued compensation

-563

503

113

113

774

-291

-28

328

383

-

-

69

Accrued compensation

-

-

-

-

-

-

-

-

-

-209

59

-

Accrued expenses

-752

614

25

25

478

-36

17

171

-756

285

49

350

Accrued warranty

-324

-875

1,132

1,132

-

134

1

15

-

-

-

-

Deferred revenue

-415

-295

-

1,137

-

-

-

-

-

-

-

-

Operating lease liabilities

-1,274

-

-

-

-

-

-

-

-

-

-

-

Accrued warranty

-

-

-

-

-

-

-

-

-103

-51

40

13

Deferred revenue

-

-

1,137

-

72

132

46

129

-10

12

-47

12

Other long-term liabilities

2

87

125

125

65

67

-20

28

21

26

67

-

Net cash used in operating activities

-

-

-3,565

-

-144

-593

4,014

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-149

Net cash used in operating activities

-7,913

-10,025

-

-3,565

-

-

-

767

-1,138

2,251

1,136

3,009

Investing activities:
Acquisition of property and equipment

128

440

575

575

1,062

875

568

380

394

203

193

190

Proceeds from sale of intellectual property

-

-

175

175

-

-

-

-

-

-

-

-

Payment on earn-out liability

381

387

382

382

406

423

459

383

328

-

-

-

Net cash used in investing activities

-509

-827

-

-782

-

-

-

-763

-722

-278

-418

-190

Financing activities:
Cash paid in business combination

-

-

-

-

-

-

-

-

-

75

225

0

Payment on earn-out liability

-

-

-

-

-

-

-

-

-

-

0

-

Net cash used in investing activities

-

-

-782

-

-1,468

-1,298

-1,027

-

-

-

-

-

Proceeds from issuance of common stock, net of issuance costs

-

10,475

2,263

2,263

14,813

-

-

-

-

-

-

-

Proceeds from stock option exercises

-

98

377

377

709

1,027

1,501

1,495

445

321

88

5

Excess tax benefits from stock-based awards

-

-

-

-

-

-

36

0

-

-

-

-

Taxes paid related to net share settlements of equity awards

156

194

333

333

99

606

-

-

-

-

-

-

Payment of legal costs in connection with tender offer

-

-

-

-

-

-

-

40

-

-

-

-

Proceeds from borrowings

-

-

-

-

-

-

-

-

-

-

3,938

28,346

Repayment of borrowings

-

-

-

-

-

-

-

-

-

-

6,297

30,007

Net cash (used in) provided by financing activities

-156

10,379

-

2,307

-

-

-

1,029

-2,390

-327

-2,271

-1,656

Effect of foreign exchange rate changes

37

-40

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-8,541

-513

-

-2,040

-

-

-

-

-

-

-

-

Repurchase of employee share awards

-

-

-

-

-

275

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

59

1,563

4,665

426

2,835

648

0

0

Net cash (used in) provided by financing activities

-

-

2,307

-

15,364

-1,417

-3,128

-

-

-

-

-

Net cash provided by operating activities from discontinued operations

-

-

-

-

-

-

-

-

695

797

2,688

3,606

Net cash provided by investing activities from discontinued operations

-

-

-

-

-

-

-

510

4,632

-

0

-42

Net cash used in financing activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-1,161

-819

Effect of foreign exchange rate changes from discontinued operations

-

-

-

-

-

-

-

-

35

-1

7

-20

Net cash provided by discontinued operations

-

-

-

-

-

-

-

510

5,362

796

1,534

2,725

Net (decrease) increase in cash and cash equivalents

-

-

-2,040

-

13,752

-3,308

-141

1,543

1,112

2,442

-19

3,888

Supplemental disclosure of cash flow information:
Cash paid during the year for Income taxes

14

13

7

7

22

27

35

-536

-145

522

-439

160

Supplemental disclosure of non-cash activities:
Transfer of inventory to property and equipment

67

166

171

171

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

1

-57

242

Share issued at acquisition

-

-

-

-

-

-

-

-

-

-

444

0

Contingent consideration  earn-out liability

-

-

-

-

-

-

-

-

-

105

380

-

Conversion of preferred stock to common stock

-

-

-

-

-

-

-

5

-

-

-

-

Contingent consideration - cash

-

-

-

-

-

-

-

-

-

-

-

0

Contingent consideration - shares

-

-

-

-

-

-

-

-

-

-

264

0