Microvision, Inc. MVIS Cash Flow

Microvision, inc. (MVIS)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	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	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities
Net loss
-4,934	-3,284	-6,141	-8,990	-8,068	-11,948	289	-8,459	-7,132	-8,119	-5,762	-5,656	-5,949	-5,370	-4,070	-3,476	-3,556	-4,298	-3,513	-2,769	-3,962	-3,346	-3,355	-3,401	-8,018	-2,421	-3,667	-3,436	-3,654	-4,074	-3,845	-4,971	-9,803	-9,806	-7,790	-9,175	-9,037
Adjustments to reconcile net loss to net cash used in operations:
Depreciation
-	-	-	-	-	-	-	-	-	462	507	87	85	518	206	209	187	132	117	97	83	83	81	92	158	196	241	247	239	303	262	267	613	465	850	573	518
Depreciation and amortization
246	267	279	551	552	457	471	462	448	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal of fixed assets
-450	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	29	29	29	29	32	31	32	32	32	32	32	32	33	33	33	33	40	39	39	40	46	46	46	46	46	46	46	47
Gain on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33	0	2	32	46	1	0	0	4	0	7
Share-based compensation expense
189	692	258	268	351	340	182	219	320	261	324	393	310	243	306	374	300	289	294	234	190	-4	211	201	305	610	515	96	385	539	876	481	373	597	961	1,397	401
Loss on warrant exchange
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-4,967	1,882	18	0	0	-	-	-	-	-	-	-	-
Inventory write-downs
168	0	1,351	852	0	3,275	1,135	0	4	802	165	37	0	0	16	49	122	0	0	148	139	0	17	25	0	-	-	-	-	791	-791	0	1,094	619	0	483	461
Other non-cash adjustments
-	-	-	-	-	104	122	-13	-10	5	-16	-15	-16	-20	-15	61	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16	-15	-	-17	-44	-15	-	-	0	0	0	-30	-44	-44	-43	-159	-69	-69
Change in:
Accounts receivable, net
-527	574	-2,019	2,250	-202	-4,568	2,372	170	2,487	-225	-609	689	-85	-1,576	-266	1,091	-691	1,113	-746	842	-191	92	523	-81	111	-113	-951	-418	391	136	421	169	-74	-414	193	-196	-236
Costs and estimated earnings in excess of billings on uncompleted contracts
0	0	0	-1,199	212	-93	1,080	-258	-422	555	0	-256	256	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs and estimated earnings in excess of billings on uncompleted contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-51	-7	-187	125	9	-14
Inventory
-24	-49	1,538	-156	-47	1,037	-23	-14	-18	1,090	1,784	619	819	-19	150	261	166	593	-79	64	455	37	65	7	0	21	-16	130	-280	-125	-244	-253	-2,041	430	-599	102	-191
Other current and non-current assets
451	-110	1,685	116	220	761	195	409	-702	-93	1,068	-3,210	-79	-195	165	-36	48	-104	-13	16	-46	-37	76	-279	85	1,673	-1,688	390	509	-602	-118	441	-140	123	-378	-53	87
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8	0	4	0	0	12	0	-4	0	0	-12
Accounts payable
242	714	-570	-219	-193	337	-201	-205	-1,010	-622	2,046	43	-320	-29	-507	221	141	546	-301	-133	381	-135	91	293	-274	-73	-367	-292	-754	-664	-437	-2,184	-792	986	-498	-35	-985
Accrued liabilities
-1,208	-2,019	-752	-276	-332	-186	-471	-472	755	2,125	-855	641	315	522	-127	-533	383	578	-514	301	207	340	225	-502	272	-491	-125	-265	-506	-80	-369	-620	-106	658	321	-313	142
Deferred revenue
-6	-7	28	0	0	-	-	-	-	-	-	-	-	-1,437	28	452	-1,165	868	-534	-189	8,126	0	0	0	0	0	-28	-335	-246	609	0	0	0	-	-	-	-
Billings on uncompleted contracts in excess of related costs
0	0	-101	96	5	-1	-445	442	-1	-1,448	-1,974	3,390	-106	168	0	0	0	-5	0	-404	179	127	-17	-227	-333	471	-654	171	594	12	-101	-415	446	106	3	0	-34
Other currrent liabilities
-525	-170	-34	-53	-59	127	-36	-40	-39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
-161	-161	-160	-161	-160	0	0	0	0	-	-	-	-8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
-	-	-	-	-	0	-21	-142	-142	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	94	-330	-94
Net cash used in operating activities
-5,437	-4,310	-3,375	-8,711	-7,647	-3,110	-7,209	-2,697	-9,556	-7,632	-5,688	4,570	-6,729	-3,963	-3,760	-4,116	-2,982	-3,666	-3,622	-3,589	5,050	-3,043	-3,243	-3,735	-2,931	-	-	-2,794	-3,502	-3,670	-3,939	-6,821	-6,191	-6,082	-6,273	-7,391	-8,141
Cash flows from investing activities
Sales of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1	0	0	0	-350	-	-	-	-
(Increase) decrease in restricted investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-170
Proceeds on sale of property and equipment
525	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	33	0	2	33	46	1	0	0	4	0	7
Purchases of property and equipment
75	74	158	200	313	147	469	320	182	652	448	1,245	755	613	89	111	82	129	292	650	69	34	64	32	77	102	187	82	4	55	78	7	393	58	297	131	64
Net cash provided by (used in) investing activities
450	-74	-158	-200	-313	-147	-469	-320	-182	-593	-448	-1,245	-755	-609	-89	-111	-82	-129	-292	-650	-69	-34	-58	-4	-77	-	-	-82	-1	-22	-32	5	-43	175	13	-131	113
Cash flows from financing activities
Principal payments under finance leases
6	5	6	5	4	10	2	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5	10	14	31	38	37	36	34	33	33	-	-	-	-
Principal payments under capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12
Principal payments under long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20
Net proceeds from issuance of common stock
1,481	3,584	5,567	6,551	1,177	3,823	-242	16,782	0	-	-	-	-	13,923	2,461	209	6,385	523	-11	2,639	3,355	530	1,733	870	12,981	-121	6,156	5,607	0	-	-	-	-	9,648	6,316	2,426	3,116
Net cash provided by financing activities
1,475	3,579	5,561	6,546	1,173	3,813	-105	16,782	0	-	-	-	-	-	-	209	6,385	523	-11	2,639	3,355	530	1,733	865	12,971	-135	6,125	5,569	-37	-201	-50	14,772	-33	9,613	6,290	2,392	3,084
Change in cash and cash equivalents, and restricted cash
-3,512	-805	2,028	-2,365	-6,787	556	-7,783	13,765	-9,738	-8,337	7,559	10,089	-7,484	9,336	-1,388	-4,018	3,321	-3,272	-3,925	-1,600	8,336	-2,547	-1,568	-2,874	9,963	-2,946	2,318	2,693	-3,540	-3,893	-4,021	7,956	-6,267	3,706	30	-5,130	-4,944
Supplemental disclosure of cash flow information
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	0	2	2	3	5	6	7	8	9	12	9	12	13
Supplemental schedule of non-cash investing and financing activities
Non-cash additions to property and equipment
37	-11	33	-206	221	296	-237	285	101	-80	-40	-428	713	75	160	-38	154	10	-32	-59	246	101	-29	29	0	-24	45	353	33	-11	-1	-74	86	18	3	-21	229
Issuance of common stock for exchange of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,869	-	-	3,755	0	-	-	-	-	-	-	-	-