Neos therapeutics, inc. (NEOS)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Cash Flows From Operating Activities:
Net loss

-7,950

-3,488

-2,051

-3,763

-7,600

-9,337

-12,695

-15,207

-14,436

-13,651

-16,255

-18,645

-17,221

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,614

-

-9,368

-5,753

-6,556

Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation expense

902

385

636

1,022

874

419

849

1,086

967

957

1,161

948

985

998

1,032

807

623

629

318

137

97

Depreciation and amortization of property and equipment

491

508

502

500

549

466

434

429

421

412

308

308

335

291

378

490

439

447

434

428

415

Amortization of patents and other intangiable assets

434

-

-

-

618

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of patents and other intangible assets

-

-

-

-

-

-

434

435

434

-

409

409

408

-

-

-

-

-

-

-

-

Changes in fair value of earnout, derivative and warrant liabilities

96

-180

-134

-515

-129

-94

56

-163

-186

-

-

-

-

-

-

-

-4

-139

1,557

539

-644

Amortization of senior debt issuance costs and discounts

465

-

-

-

357

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of senior debt discounts

-

-

-

-

-

-

229

218

209

-

365

164

81

-

-

-

-

-

-

-

-

Amortization of patents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

-

5

6

6

Change in deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26

-

9

9

8

Net unrealized gain on short-term investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-59

-

-

-

-

Amortization of short-term investment purchase discounts

23

22

10

42

16

0

25

71

35

-

-

-

6

-

-

-

-

-

-

-

-

Gain on sale of equipment

-

-3

4

1

1

-

-1

-2

1

-20

10

13

20

435

72

207

208

208

207

208

208

Other adjustments

-6

-

-

-

-

119

-24

-23

-24

-23

27

-72

-23

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

435

400

-

374

373

374

Deferred interest on debt

-

-

-

-

-

-

-

-

-

-

0

24

2,087

2,043

2,027

492

176

176

174

100

98

Amortization of senior debt fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

154

-

146

142

138

Changes in operating assets and liabilities:
Accounts receivable

-5,781

-2,314

8,733

-3,078

-4,579

7,463

2,361

-1,665

5,971

5,052

2,950

-6,183

5,717

1,872

-1,396

-1,010

2,766

3,853

-2,046

1,765

-36

Inventories

-792

-666

-698

1,098

909

-1,607

-739

-686

1,667

2,689

3,521

278

-298

-141

1,256

1,926

-19

-141

958

-248

-80

Deferred contract sales organization fees

-

-

-

-

-

-

-

-

-

0

0

-123

-597

-

-

-

-

-

-

-

-

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,012

-

-

-22

-7

Other assets

-1,186

2,339

-55

-744

-1,477

2,857

-162

-1,097

-1,154

975

169

-133

-597

1,084

35

74

85

843

93

-141

265

Accounts payable

6,500

-15

-8

-1,996

-4,178

5,227

1,443

-4,195

-1,205

508

2,320

1,493

-1,313

-10

4,271

-1,631

-253

2,648

1,130

477

-688

Accrued expenses

-9,630

2,338

4,164

-434

-1,700

5,917

-4,227

5,548

7,636

4,509

2,788

2,901

2,973

-87

-1,329

2,984

3,064

-1,930

2,912

-60

-496

Operating lease liabilities

-37

-20

-29

-25

-24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-999

1,236

-4,159

-1,757

-6,103

-5,259

-14,985

-8,493

-12,704

-15,069

-15,937

-6,316

-15,939

-

-

-

-

-

-

-

-

Cash Flows From Investing Activities:
Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,972

-

-2,123

-5,182

-7,614

Purchases of short-term investments

2,992

8,049

1,989

3

7,190

0

2

6,953

10,951

7,986

13,208

18,287

8,534

14,692

13,164

4,502

33,730

-

-

-

-

Sales and maturities of short-term investments

7,087

-

-

-

-

0

9,748

9,750

16,993

12,649

11,448

7,624

13,397

-

-

-

-

-

-

-

-

Proceeds from sale-leaseback of equipment

-

-

-

-

-

-

-

-

-

0

0

2,741

481

-

-

-

-

-

-

-

-

Net change in short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-3,000

Capital expenditures

160

340

383

198

167

333

214

528

286

401

320

1,578

198

415

482

1,935

718

367

310

126

220

Intangible asset expenditures

30

2

2

37

18

-

-

11

17

-

-

-

-

-125

18

107

500

-

-

-

-

Net cash provided by (used in) investing activities

3,905

-6,391

2,128

2,520

-7,375

-341

9,563

2,258

5,739

3,969

-2,099

-9,549

5,146

-

-

-

-

-

-

-

-

Cash Flows From Financing Activities:
Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-34,948

-

-310

-126

2,780

Proceeds from senior debt note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5,000

5,000

Proceeds from the issuance of common stock, net of issuance costs

-

0

0

0

11

-

-

-

-

-4

4,477

29,822

30,265

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

12

1

-

-

-

-

Net proceeds from issuance of stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,318

750

13,051

Payments made on borrowings

326

297

286

7,765

250

7,741

233

224

227

205

405

216

163

310

705

7,699

452

-

-

-

-

Proceeds from short-term line of credit

22,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments made on short-term line of credit

13,931

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt financing costs

119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of payroll taxes withheld for releases of restricted stock units

2

0

0

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

8,122

-1,299

-442

-7,766

-240

35,523

3,659

-224

-227

-329

4,072

29,566

30,102

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

11,028

-6,454

-2,473

-7,003

-13,718

29,923

-1,763

-6,459

-7,192

-11,429

-13,964

13,701

19,309

-

-

-

-

-

-

-

-

Payments made on borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

391

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-451

-

79,698

4,770

17,660

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-48,371

-

77,265

-538

12,826

Supplemental Disclosure of Noncash Transactions:
Acquired equipment under capital lease

-

-

-

-

-

-

-

-

105

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease liability from purchase of equipment

-

-

-

-

-

0

0

0

105

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid assets included in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

407

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease liability from sale-leaseback transactions

-

-

-

-

-

-

-

-

-

0

0

2,741

481

-

-

-

-

-

-

-

-

Deferred contract sales organization fees

-

-

-

-

-

-

-

-

-

-

-242

-188

500

0

238

-4,413

4,772

-

-

-

-

Issuance of stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,131

Preferred stock accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

485

Preferred stock dividend

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

736

-54

539

Supplemental Cash Flow Information:
Interest paid

1,503

1,514

1,541

1,746

1,764

1,975

2,067

2,076

2,040

2,201

2,319

2,230

19

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

687

-

714

608

498