Neos therapeutics, inc. (NEOS)
CashFlow / TTM
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

-17,252

-16,902

-22,751

-33,395

-44,839

-51,675

-55,989

-59,549

-62,987

-65,772

0

0

0

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-36,839

-

0

0

0

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

2,945

2,917

2,951

3,164

3,228

3,321

3,859

4,171

4,033

4,051

4,092

3,963

3,822

3,460

3,091

2,377

1,707

1,181

0

0

0

Depreciation and amortization of property and equipment

2,001

2,059

2,017

1,949

1,878

1,750

1,696

1,570

1,449

1,363

1,242

1,312

1,494

1,598

1,754

1,810

1,748

1,724

0

0

0

Amortization of patents and other intangiable assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of patents and other intangible assets

-

-

-

-

-

-

0

0

1,686

-

0

0

0

-

-

-

-

-

-

-

-

Changes in fair value of earnout, derivative and warrant liabilities

-733

-958

-872

-682

-330

-387

0

0

0

-

-

-

-

-

-

-

1,953

1,313

0

0

0

Amortization of senior debt issuance costs and discounts

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of senior debt discounts

-

-

-

-

-

-

0

0

1,444

-

0

0

0

-

-

-

-

-

-

-

-

Amortization of patents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

-

0

0

0

Change in deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11

-

0

0

0

Net unrealized gain on short-term investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Amortization of short-term investment purchase discounts

97

90

68

83

112

131

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Gain on sale of equipment

-

3

0

0

0

-

-22

-11

4

23

478

540

734

922

695

830

831

831

0

0

0

Other adjustments

0

-

-

-

-

48

-94

-43

-92

-91

0

0

0

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,521

-

0

0

0

Deferred interest on debt

-

-

-

-

-

-

-

-

-

-

4,154

6,181

6,649

4,738

2,871

1,018

626

548

0

0

0

Amortization of senior debt fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

592

-

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

-2,440

-1,238

8,539

2,167

3,580

14,130

11,719

12,308

7,790

7,536

4,356

10

5,183

2,232

4,213

3,563

6,338

3,536

0

0

0

Inventories

-1,058

643

-298

-339

-2,123

-1,365

2,931

7,191

8,155

6,190

3,360

1,095

2,743

3,022

3,022

2,724

550

489

0

0

0

Deferred contract sales organization fees

-

-

-

-

-

-

-

-

-

-720

0

0

0

-

-

-

-

-

-

-

-

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

Other assets

354

63

581

474

121

444

-1,438

-1,107

-143

414

523

389

596

1,278

1,037

1,095

880

1,060

0

0

0

Accounts payable

4,481

-6,197

-955

496

-1,703

1,270

-3,449

-2,572

3,116

3,008

2,490

4,441

1,317

2,377

5,035

1,894

4,002

3,567

0

0

0

Accrued expenses

-3,562

4,368

7,947

-444

5,538

14,874

13,466

20,481

17,834

13,171

8,575

4,458

4,541

4,632

2,789

7,030

3,986

426

0

0

0

Operating lease liabilities

-111

-98

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-5,679

-10,783

-17,278

-28,104

-34,840

-41,441

-51,251

-52,203

-50,026

-53,261

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-31,225

-

0

0

0

Purchases of short-term investments

13,033

17,231

9,182

7,195

14,145

17,906

25,892

39,098

50,432

48,015

54,721

54,677

40,892

66,088

0

0

0

-

-

-

-

Sales and maturities of short-term investments

0

-

-

-

-

36,491

49,140

50,840

48,714

45,118

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale-leaseback of equipment

-

-

-

-

-

-

-

-

-

3,222

0

0

0

-

-

-

-

-

-

-

-

Net change in short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Capital expenditures

1,081

1,088

1,081

912

1,242

1,361

1,429

1,535

2,585

2,497

2,511

2,673

3,030

3,550

3,502

3,330

1,521

1,023

0

0

0

Intangible asset expenditures

71

59

0

0

0

-

-

0

0

-

-

-

-

500

0

0

0

-

-

-

-

Net cash provided by (used in) investing activities

2,162

-9,118

-3,068

4,367

4,105

17,219

21,529

9,867

-1,940

-2,533

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-35,751

-

0

0

0

Proceeds from senior debt note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,000

0

0

0

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

-

11

0

0

0

-

-

-

-

64,560

0

0

0

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Net proceeds from issuance of stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Payments made on borrowings

8,674

8,598

16,042

15,989

8,448

8,425

889

1,061

1,053

989

1,094

1,394

8,877

9,166

0

0

0

-

-

-

-

Proceeds from short-term line of credit

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments made on short-term line of credit

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt financing costs

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of payroll taxes withheld for releases of restricted stock units

3

2

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-1,385

-9,747

27,075

31,176

38,718

38,731

2,879

3,292

33,082

63,411

0

0

0

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-4,902

-29,648

6,729

7,439

7,983

14,509

-26,843

-39,044

-18,884

7,617

0

0

0

-

-

-

-

-

-

-

-

Payments made on borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83,199

-

0

0

0

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,223

-

0

0

0

Supplemental Disclosure of Noncash Transactions:
Acquired equipment under capital lease

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease liability from purchase of equipment

-

-

-

-

-

105

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid assets included in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease liability from sale-leaseback transactions

-

-

-

-

-

-

-

-

-

3,222

0

0

0

-

-

-

-

-

-

-

-

Deferred contract sales organization fees

-

-

-

-

-

-

-

-

-

-

70

550

-3,675

597

0

0

0

-

-

-

-

Issuance of stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,131

0

0

0

Preferred stock accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Preferred stock dividend

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,221

0

0

0

Supplemental Cash Flow Information:
Interest paid

6,304

6,565

7,026

7,552

7,882

8,158

8,384

8,636

8,790

6,769

0

0

0

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,713

-

0

0

0