K2M GROUP HOLDINGS, INC. KTWO Cash Flow

K2m group holdings, inc. (KTWO)

CashFlow / TTM

Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Operating activities
Net loss
-46,753	-39,405	-37,670	-37,145	-40,864	-40,309	-42,348	-41,660	-37,687	-39,992	-35,116	-39,216	-41,789	-47,714	-59,175	-59,637	-60,542	-50,580	-41,781	-37,913	0	0	0
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
22,612	23,529	25,136	26,785	29,184	29,789	29,664	29,212	27,996	26,707	25,647	24,940	24,381	25,990	29,655	33,324	36,867	38,451	37,586	36,776	0	0	0
Provision for inventory reserves
5,040	4,387	4,530	4,371	5,942	5,888	5,705	5,572	3,369	2,681	1,454	1,680	343	410	1,101	583	2,619	1,757	2,285	2,285	0	0	0
Provision for allowance for doubtful accounts
-	-	-	-	-	-	-	68	124	32	221	319	295	428	373	469	447	265	209	167	0	0	0
Stock-based compensation expense
6,462	6,191	5,842	5,932	5,897	5,981	6,391	6,956	7,706	11,134	11,393	11,188	10,840	7,958	7,333	5,807	4,972	3,476	2,763	2,879	0	0	0
Accretion of discounts and amortization of issuance costs of Convertible Notes
0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	4,928	4,965	4,996	156	98	0	0	0
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-5,546	-8,492	0	0	0
Changes in operating assets and liabilities:
Accounts receivable
14,148	9,658	3,592	2,834	1,645	4,572	6,081	9,381	2,645	5,608	6,599	5,082	10,306	8,159	3,697	2,860	2,043	3,522	5,751	5,825	0	0	0
Inventory
14,447	11,793	12,561	6,965	6,483	-292	2,563	3,439	8,393	15,087	9,369	8,766	3,309	750	9,121	13,660	21,353	21,316	19,502	15,697	0	0	0
Prepaid expenses and other assets
-364	2,246	4,832	9,741	10,820	10,043	11,583	10,256	12,112	11,445	9,698	9,738	9,240	9,957	6,890	8,450	5,618	3,773	5,591	1,284	0	0	0
Accounts payable, accrued expenses, and accrued payroll liabilities
13,817	8,774	5,546	5,750	8,709	4,718	11,841	8,059	1,012	9,546	-641	6,365	14,172	8,671	7,760	9,552	4,985	390	10,866	7,916	0	0	0
Net cash used in operating activities
-28,763	-22,432	-16,505	-12,813	-7,018	-5,426	-6,708	-13,298	-20,105	-22,032	-22,729	-18,310	-14,831	-23,341	-27,997	-30,162	-35,628	-32,784	-24,306	-19,090	0	0	0
Investing activities
Purchases of surgical instruments
17,210	14,387	12,388	11,066	8,488	10,905	12,093	12,275	15,296	14,342	12,814	10,905	10,332	9,885	12,220	12,848	9,545	8,937	9,037	8,323	0	0	0
Purchases of property, plant and equipment
3,198	2,949	3,207	3,920	4,343	5,735	12,851	17,439	16,701	15,371	8,279	2,787	3,822	3,509	2,896	2,905	2,248	2,397	2,056	1,494	0	0	0
Changes in cash restricted for leasehold improvements
-	0	0	-	-	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Purchase of intangible assets
1,908	2,950	2,952	2,958	1,075	75	48	1,307	1,332	1,482	1,853	588	636	487	117	118	-29	119	118	117	0	0	0
Net cash used in investing activities
-22,255	-20,286	-18,547	-17,883	-13,451	-14,495	-21,656	-24,413	-27,176	-26,746	-19,613	-14,280	-21,457	-20,548	-21,900	-22,538	-11,764	-11,453	-11,211	-9,934	0	0	0
Financing activities
Borrowings on bank line of credit
18,000	18,000	7,000	0	0	0	14,500	19,500	19,500	19,500	30,000	25,000	0	0	0	-	-	-	-	3,500	0	0	0
Proceeds from issuances of common stock, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	54,209	54,401	34,369	156,414	121,898	120,453	122,011	1,939	0	0	0	0
Payments under capital lease
1,083	1,046	1,009	973	938	688	442	219	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of convertible senior notes, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,574	0	0	0
Proceeds from issuances of notes to stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,634	19,652	19,652	29,518	14,884	0	0	0
Issuances and exercise of stock-based compensation plans, net of income tax
0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Payment of public offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Issuances and exercise of stock-based compensation benefit plans, net of income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Net cash provided by financing activities
73,165	72,349	12,783	8,424	8,358	36,610	46,289	49,133	49,737	40,264	24,754	56,226	57,168	36,818	78,042	56,836	60,674	63,780	32,276	29,380	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-457	53	881	725	-65	21	-522	-557	-15	-437	-255	-401	-389	-367	-271	-144	-25	134	101	52	0	0	0
Net change in cash and cash equivalents
21,690	29,684	-21,388	-21,547	-12,176	16,710	17,403	10,865	2,441	-8,951	-17,843	23,235	20,491	-7,438	27,874	3,992	13,257	19,677	-3,140	408	0	0	0
Significant non-cash investing activities
Leasehold improvements, including property under capital lease
-	-	-	-	-	-	-	171	7,482	9,487	15,446	6,884	0	0	0	-	-	-	-	-	-	-	-
Additions to property, plant and equipment
0	-100	-350	250	250	500	-484	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Reductions to property, plant and equipment from earned grant incentives
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of discount on convertible senior notes
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Adjustment of preferred stock to fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,035	0	0	0
Convertible senior notes due 2025 issuance costs
-	-	-	-	-	-	-	-	-	-	-	52	-476	-1,805	-1,284	0	0	0	0	-	0	0	0
Cash paid for:
Income taxes
226	197	105	168	114	115	114	159	210	268	183	126	189	131	184	132	0	0	0	-	-	-	-
Interest
2,383	2,348	2,228	2,231	2,233	1,335	849	382	676	531	1,027	428	5,045	5,042	6,459	6,690	2,924	3,442	2,410	2,405	0	0	0