Nlight, inc. (LASR)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Cash flows from operating activities:
Net loss

-19,124

-12,884

192

4,979

9,787

13,938

12,671

10,906

5,966

1,837

0

0

0

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

6,787

6,583

6,311

6,136

5,998

5,867

0

0

0

-

-

-

-

Amortization

3,726

2,981

2,459

2,515

2,556

2,421

0

0

0

-

-

-

-

Reduction in carrying amount of right-of-use assets

0

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

0

0

0

Provision for losses on accounts receivable

122

83

114

-128

10

22

23

272

147

232

0

0

0

Stock-based compensation

11,584

9,730

7,303

8,127

6,552

4,805

2,983

1,189

458

369

0

0

0

(Gain) loss on disposal of assets

489

483

6

-6

-4

-12

-13

-13

-15

-9

0

0

0

Changes in operating assets and liabilities:
Accounts receivable, net

-3,134

395

8,188

9,357

12,627

13,734

7,933

11,632

5,410

3,523

0

0

0

Inventory

8,170

10,670

10,129

7,488

7,090

6,145

9,902

12,117

13,933

9,875

0

0

0

Prepaid expenses and other current assets

688

111

-3,183

-4,167

-75

2,483

3,903

3,518

1,771

639

0

0

0

Other assets

3,569

2,669

3,527

2,836

2,565

2,262

2,163

1,888

1,165

1,148

0

0

0

Accounts payable

3,313

844

1,945

-2,256

-416

172

2,372

4,307

5,190

2,491

0

0

0

Accrued and other long-term liabilities

-1,159

92

-945

401

60

-310

1,109

984

3,271

3,160

0

0

0

Deferred revenues

1,712

-178

-183

-858

-959

-215

283

1,044

650

731

0

0

0

Operating lease liabilities

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

198

-

0

0

0

Non-current income taxes payable

-602

-205

2,077

2,384

2,632

2,542

1,985

1,729

1,339

1,358

0

0

0

Net cash used in operating activities

-381

-4,241

-701

4,497

2,566

3,335

5,360

-249

2,987

3,411

0

0

0

Cash flows from investing activities:
Purchases of property, plant and equipment

0

-

-

-

0

-

-

-

-

-

-

-

-

Capitalization of patents

0

-

-

-

0

-

-

-

-

-

-

-

-

Purchases of property, equipment and patents

-

-

-

-

-

11,714

11,114

9,505

8,158

5,483

0

0

0

Proceeds from sale of assets

669

628

0

0

0

-

-

-

-

6

0

0

0

Net cash used in investing activities

-43,134

-30,404

-13,021

-12,814

-11,023

-11,679

-11,106

-9,497

-8,158

-5,477

0

0

0

Cash flows from financing activities:
Principal payments on debt and capital leases

46

55

16,184

33,393

33,413

33,417

17,327

12,740

15,022

15,318

0

0

0

Net proceeds from debt financing

0

-

-

-

0

-

-

-

-

-

-

-

-

Payments of other financing costs

-

-

-

-

-

-

-

-

0

-

-

-

0

Proceeds from stock option exercises

1,618

1,560

1,233

1,139

801

362

219

393

336

336

0

0

0

Tax payments related to stock award issuances

535

524

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by financing activities

17,541

2,452

-15,464

20,913

122,232

121,301

137,848

100,958

24,202

24,419

0

0

0

Effect of exchange rate changes on cash

-142

-33

-133

340

-31

-166

9

-294

677

834

0

0

0

Net decrease in cash and cash equivalents

-26,116

-32,226

-29,319

12,936

113,744

112,791

132,111

90,918

19,708

23,187

0

0

0

Supplemental disclosures:
Cash received for interest

-3,187

-2,802

-2,126

-1,117

1,458

941

1,052

1,029

1,230

1,437

0

0

0

Cash paid for income taxes

2,127

2,335

2,703

2,939

3,488

3,665

3,801

4,711

4,142

3,493

0

0

0

Accrued purchases of property, equipment and patents

737

828

1,143

854

32

577

1,081

1,558

2,058

969

0

0

0

Supplemental disclosures of noncash investing and financing activities:
Right-of-use assets obtained for operating leases

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrued deferred offering costs

-

-

-

-

-

0

1,319

1,512

1,301

530

0

0

0