Microvision, Inc. MVIS Cash Flow

Microvision, inc. (MVIS)

CashFlow / TTM

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
-23,349	-26,483	-35,147	-28,717	-28,186	-27,250	-23,421	-29,472	-26,669	-25,486	-22,737	-21,045	-18,865	-16,472	-15,400	-14,843	-14,136	-14,542	-13,590	-13,432	-14,064	-18,120	-17,195	-17,507	-17,542	-13,178	-14,831	-15,009	-16,544	-22,693	-28,425	-32,370	-36,574	-35,808	0	0	0
Adjustments to reconcile net loss to net cash used in operations:
Depreciation
-	-	-	-	-	-	-	-	-	1,141	1,197	896	1,018	1,120	734	645	533	429	380	344	339	414	527	687	842	923	1,030	1,051	1,071	1,445	1,607	2,195	2,501	2,406	0	0	0
Depreciation and amortization
1,343	1,649	1,839	2,031	1,942	1,838	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal of fixed assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	116	119	121	124	127	127	128	128	128	129	130	131	132	139	145	151	158	164	171	178	184	184	184	184	185	0	0	0
Gain on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67	80	81	79	47	5	4	11	0	0	0
Share-based compensation expense
1,407	1,569	1,217	1,141	1,092	1,061	982	1,124	1,298	1,288	1,270	1,252	1,233	1,223	1,269	1,257	1,117	1,007	714	631	598	713	1,327	1,631	1,526	1,606	1,535	1,896	2,281	2,269	2,327	2,412	3,328	3,356	0	0	0
Loss on warrant exchange
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,967	-3,085	-3,067	-3,067	1,900	0	0	0	-	-	-	-	-	-	-	-
Inventory write-downs
2,371	2,203	5,478	5,262	4,410	4,414	1,941	971	1,008	1,004	202	53	65	187	187	171	270	287	287	304	181	42	0	0	0	-	-	-	-	1,094	922	1,713	2,196	1,563	0	0	0
Other non-cash adjustments
-	-	-	-	-	203	104	-34	-36	-42	-67	-66	10	27	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-30	-74	-118	-161	-290	-315	-340	0	0	0
Change in:
Accounts receivable, net
278	603	-4,539	-148	-2,228	461	4,804	1,823	2,342	-230	-1,581	-1,238	-836	-1,442	1,247	767	518	1,018	-3	1,266	343	645	440	-1,034	-1,371	-1,091	-842	530	1,117	652	102	-126	-491	-653	0	0	0
Costs and estimated earnings in excess of billings on uncompleted contracts
-1,199	-987	-1,080	0	941	307	955	-125	-123	555	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs and estimated earnings in excess of billings on uncompleted contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-58	-245	-120	-60	-67	0	0	0
Inventory
1,309	1,286	2,372	811	953	982	1,035	2,842	3,475	4,312	3,203	1,569	1,211	558	1,170	941	744	1,033	477	621	564	109	93	12	135	-145	-291	-519	-902	-2,663	-2,108	-2,463	-2,108	-258	0	0	0
Other current and non-current assets
2,142	1,911	2,782	1,292	1,585	663	-191	682	-2,937	-2,314	-2,416	-3,319	-145	-18	73	-105	-53	-147	-80	9	-286	-155	1,555	-209	460	884	-1,391	179	230	-419	306	46	-448	-221	0	0	0
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	4	16	12	8	8	-4	-16	0	0	0
Accounts payable
167	-268	-645	-276	-262	-1,079	-2,038	209	457	1,147	1,740	-813	-635	-174	401	607	253	493	-188	204	630	-25	37	-421	-1,006	-1,486	-2,077	-2,147	-4,039	-4,077	-2,427	-2,488	-339	-532	0	0	0
Accrued liabilities
-4,255	-3,379	-1,546	-1,265	-1,461	-374	1,937	1,553	2,666	2,226	623	1,351	177	245	301	-86	748	572	334	1,073	270	335	-496	-846	-609	-1,387	-976	-1,220	-1,575	-1,175	-437	253	560	808	0	0	0
Deferred revenue
15	21	0	0	0	-	-	-	-	-	-	-	-	-2,122	183	-379	-1,020	8,271	7,403	7,937	8,126	0	0	-28	-363	-609	0	28	363	609	0	0	0	-	-	-	-
Billings on uncompleted contracts in excess of related costs
-5	0	-1	-345	1	-5	-1,452	-2,981	-33	-138	1,478	3,452	62	168	-5	-5	-409	-230	-98	-115	62	-450	-106	-743	-345	582	123	676	90	-58	36	140	555	75	0	0	0
Other currrent liabilities
-782	-316	-19	-21	-8	12	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
-643	-642	-481	-321	-160	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
-	-	-	-	-	-305	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-330	0	0	0
Net cash used in operating activities
-21,833	-24,043	-22,843	-26,677	-20,663	-22,572	-27,094	-25,573	-18,306	-15,479	-11,810	-9,882	-18,568	-14,821	-14,524	-14,386	-13,859	-5,827	-5,204	-4,825	-4,971	-12,952	0	0	0	-	-	-13,905	-17,932	-20,621	-23,033	-25,367	-25,937	-27,887	0	0	0
Cash flows from investing activities
Sales of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-1	-1	-350	0	0	0	-	-	-	-
(Increase) decrease in restricted investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Proceeds on sale of property and equipment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35	68	81	82	80	47	5	4	11	0	0	0
Purchases of property and equipment
507	745	818	1,129	1,249	1,118	1,623	1,602	2,527	3,100	3,061	2,702	1,568	895	411	614	1,153	1,140	1,045	817	199	207	275	398	448	375	328	219	144	533	536	755	879	550	0	0	0
Net cash provided by (used in) investing activities
18	-745	-818	-1,129	-1,249	-1,118	-1,564	-1,543	-2,468	-3,041	-3,057	-2,698	-1,564	-891	-411	-614	-1,153	-1,140	-1,045	-811	-165	-173	0	0	0	-	-	-137	-50	-92	105	150	14	170	0	0	0
Cash flows from financing activities
Principal payments under finance leases
22	20	25	21	16	12	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	15	29	60	93	120	142	145	140	136	0	0	0	-	-	-	-
Principal payments under capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Principal payments under long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net proceeds from issuance of common stock
17,183	16,879	17,118	11,309	21,540	20,363	0	0	0	-	-	-	-	22,978	9,578	7,106	9,536	6,506	6,513	8,257	6,488	16,114	15,463	19,886	24,623	11,642	0	0	0	-	-	-	-	21,506	0	0	0
Net cash provided by financing activities
17,161	16,859	17,093	11,427	21,663	20,490	0	0	0	-	-	-	-	-	-	7,106	9,536	6,506	6,513	8,257	6,483	16,099	15,434	19,826	24,530	11,522	11,456	5,281	14,484	14,488	24,302	30,642	18,262	21,379	0	0	0
Change in cash and cash equivalents, and restricted cash
-4,654	-7,929	-6,568	-16,379	-249	-3,200	-12,093	3,249	-427	1,827	19,500	10,553	-3,554	7,251	-5,357	-7,894	-5,476	-461	264	2,621	1,347	2,974	2,575	6,461	12,028	-1,475	-2,422	-8,761	-3,498	-6,225	1,374	5,425	-7,661	-6,338	0	0	0
Supplemental disclosure of cash flow information
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	5	7	12	16	21	26	30	36	38	42	46	0	0	0
Supplemental schedule of non-cash investing and financing activities
Non-cash additions to property and equipment
-147	37	344	74	565	445	69	266	-447	165	320	520	910	351	286	94	73	165	256	259	347	101	-24	50	374	407	420	374	-53	0	29	33	86	229	0	0	0
Issuance of common stock for exchange of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-	-	-	-	-	-