Iradimed corporation (IRMD)
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'14
Operating activities:
Net income

1,769

3,241

2,454

2,088

1,845

1,707

2,400

1,354

841

183

192

357

-233

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,560

2,231

2,282

2,404

1,867

1,770

1,487

270

237

1,018

523

Adjustments to reconcile net income to net cash provided by operating activities:
Change in allowance for doubtful accounts

36

3

12

-6

21

-10

14

3

8

2

-2

1

-8

-6

-14

17

15

-12

-42

14

43

-146

36

-136

136

Change in provision for excess and obsolete inventory

128

-56

-11

-4

120

13

24

12

61

31

14

30

-7

7

-0

11

74

-52

61

33

8

-

-

-

-

Depreciation and amortization

344

280

288

285

387

260

14

402

427

338

337

345

287

245

587

61

60

643

57

54

51

49

45

33

20

Excess tax benefit on the exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-53

-284

-209

-56

-

-

-

-

-

-

-

-

Excess tax benefit on the exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

715

49

112

-

-

-

-

Stock-based compensation

568

548

455

468

382

402

503

442

416

719

913

445

376

53

192

1,204

391

306

331

307

275

220

171

169

162

Deferred income taxes, net

32

622

9

23

-59

-127

104

43

123

-618

471

120

176

-67

24

434

179

-77

-237

172

158

-21

67

59

62

Impairment of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

55

-

-

-

-

Loss on maturities of investments

-

6

7

0

-3

-5

-21

-1

0

0

-0

-1

-5

-3

-33

-39

-7

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-1,404

372

1,059

542

1,140

-1,019

1,251

705

-490

272

-282

257

-47

-724

-1,310

1,162

796

423

-875

758

1,600

639

-1,065

119

174

Inventory

560

-693

76

160

333

-136

-43

145

155

60

-98

50

321

312

521

171

478

71

112

13

111

511

15

235

85

Prepaid expenses and other current assets

538

-60

-52

-65

665

-23

-418

595

254

585

201

174

201

80

691

-91

23

535

213

-60

-72

28

185

-18

-40

Other assets

60

20

139

5

4

-84

-0

2

18

7

4

5

-3

30

56

26

4

91

5

15

1

-2

3

11

1

Accounts payable

-266

-144

114

-196

375

-169

260

24

-80

-189

74

-88

-320

14

-188

-44

219

88

-18

153

152

-11

-27

114

125

Accrued payroll and benefits

-542

-70

677

135

-378

-8

474

155

-331

73

336

97

-30

-260

239

180

-413

153

90

368

-568

325

68

414

-219

Other accrued taxes

-469

511

32

-33

-46

46

23

28

-75

41

-19

-32

0

-72

170

-1

-8

7

10

-3

-48

25

6

0

-47

Warranty reserve

7

4

2

0

-0

34

-20

-10

10

12

8

-24

23

2

2

1

0

-28

3

0

31

-

-

-

-

Deferred revenue

308

162

166

33

338

-172

-360

569

-42

312

-151

613

170

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

772

393

94

154

-646

587

405

-52

-149

404

-16

Prepaid income taxes

-901

-264

183

376

-298

41

-1,733

29

410

196

500

-1,053

201

309

324

-962

1,246

792

563

-655

1,075

-297

49

140

59

Net cash provided by operating activities

1,196

3,948

3,138

2,480

665

3,542

727

1,521

1,583

1,401

1,907

291

-184

-

-

-

-

-

-

-

-

-

-

-

-

Investing activities:
Net cash (used in) provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,431

-

2,343

1,683

1,056

-901

1,239

1,785

462

Purchases of investments

-

-

-

-

-

-

-

-

-

1,372

0

0

1,321

708

1,521

2,034

728

-

-

-

-

7,948

0

1

1

Proceeds from maturity of investments

-

1,165

1,472

400

650

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturity of investments

-

-

-

-

-

-

-

-

-250

-

-225

-769

-1,500

-500

-1,772

-2,003

-300

-

-

-

-

-

-

-

-

Purchases of property and equipment

166

171

77

36

82

77

45

67

37

122

241

170

240

233

123

224

199

105

71

81

40

79

286

214

4

Capitalized intangible assets

63

57

25

24

9

22

6

6

0

20

19

9

0

155

21

277

289

3

7

5

0

0

4

14

3

Net cash (used in) provided by investing activities

-230

935

1,369

339

557

1,074

641

-412

211

-1,515

-36

590

-61

-597

106

-533

-917

145

-79

-86

-41

-8,028

-35

-229

-8

Financing activities:
Proceeds from stock option and warrant exercises

-

-

-

-

-

4

999

139

95

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock option exercises

322

-

-

-

456

-

-

-

-

-

-

16

33

-

126

16

73

-

121

7

191

-

-

-

-

Taxes paid for the net share settlement of equity awards

133

323

1

125

22

293

0

11

4

113

0

0

43

-

-

-

-

-

-

-

-

-

-

-

-

Income tax benefits credited to equity

-

-

-

-

-

-

-

-

-

-

-

-

-

53

284

209

56

850

715

49

112

-

-

-

-

Purchases of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4,464

5,505

-

-

-

-

-

-

-

-

Net cash provided by financing activities

188

-39

1,708

-82

434

-288

998

127

91

-86

-265

-1,537

-10

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

1,154

4,844

6,215

2,737

1,656

4,328

2,368

1,237

1,887

-200

1,605

-656

-257

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of officer note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,375

-

837

57

304

270

12,648

-203

-6

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,860

-

3,101

1,654

1,319

-8,659

13,852

1,352

447

Supplemental disclosure of cash flow information:
Right-of-use asset recognized in exchange for new lease obligation

-

0

0

0

3,182

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating and short-term lease payments recorded within cash flow from operating activities

107

107

107

106

106

63

149

103

101

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

164

-

600

1,797

5

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

307