Neophotonics corp (NPTN)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities
Net income (loss)

6,307

2,069

2,272

-7,326

-14,091

-6,729

-8,125

-10,537

-18,246

-14,283

-18,187

-9,341

-11,522

1,996

-7,187

2,676

2,310

399

1,378

1,791

100

1,585

-1,937

-6,779

-12,588

-4,452

-9,363

-8,284

-12,240

-2,989

723

-3,656

-11,608

-

-

-

-1,935

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization

6,674

-

7,014

8,091

8,851

-

7,640

7,906

8,005

-

7,332

7,113

6,185

-

5,784

5,684

5,453

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,793

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,364

5,465

5,740

6,306

5,911

6,031

5,933

5,528

5,518

5,351

5,360

4,152

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,475

4,474

5,353

-

-

-

-

Stock-based compensation expense

2,518

3,162

2,951

3,005

3,338

3,615

4,041

3,139

3,347

2,514

1,934

1,886

1,872

2,631

8,776

2,230

3,439

2,345

1,436

1,926

2,056

2,029

1,188

1,723

1,901

1,471

1,590

1,473

1,202

1,342

1,282

1,009

1,144

736

493

-35

1,962

Deferred taxes

1,214

-287

0

0

0

-286

0

0

-42

119

64

61

548

-

-

-

5

-

-

-

-

-

-

-

-

-

-

-

-

-166

0

0

387

-452

0

0

0

Adjustment to fair value of Rusnano payment derivative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-580

475

0

-186

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-338

333

-

-

-

-

-

-

-

-

-

-

-

-

Others

86

-

117

107

109

-

113

98

116

-

36

23

99

-

-

-

-

-

-

-

-

-

-

-

-

-

-

322

34

-

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

1

76

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of investment, debt and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-34

-31

-66

-28

-48

-32

-188

-28

111

-2

-139

-56

-144

-190

-354

-315

-

-

-

-

-

-

-

-

Loss (gain) on sale of assets and other write-offs

25

-

152

626

-85

-

-261

-41

-2

-

-46

-18

1,687

-

66

-17

-31

-

-

-

-

-

2

-118

-15

-

-16

2

-111

-

-

-

-18

364

-25

-90

-25

Loss (gain) on foreign currency hedges

-

-

-

-

-

0

-1,215

-2,562

1,557

603

431

418

652

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

750

-

-

-

0

Allowance for doubtful accounts

-

-

-

-

-

205

-43

284

-385

501

-16

12

80

33

-22

-54

-339

12

542

35

51

-553

274

97

-84

-231

122

-166

22

134

85

85

8

442

0

0

93

Write-down of inventories

3,011

1,097

1,271

4,715

764

2,933

1,343

62

1,795

1,266

4,804

2,083

196

988

255

998

742

2,930

1,421

818

1,317

-

-

1,028

567

-

-

819

30

-324

525

2,210

721

231

63

374

12

Loss (gain) on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-416

-5

-91

118

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of operating lease right-of-use assets

462

454

448

440

432

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency remeasurement and other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,125

-2,569

411

291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset impairment charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

-

-

-

0

Foreign currency remeasurement

1,118

-

3,148

1,204

-1,818

-

3,069

3,422

-2,299

-

-926

-635

-15

-

804

317

-565

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in assets and liabilities:
Accounts receivable

-7,209

3,624

5,701

-5,488

-9,675

8,393

-10,500

9,598

383

589

10,355

-14,284

-9,826

-14,665

8,881

-340

3,628

5,506

-565

-6,242

-1,228

-1,512

-517

8,655

6,643

-14,863

5,863

8,921

-7,155

1,321

-6,290

15,926

-9,155

1,201

-13,552

4,833

10,268

Inventories

2,699

-1,158

1,946

449

1,654

-1,886

-1,309

-5,917

1,744

-14,119

4,175

13,031

19,260

5,850

-2,626

1,145

-3,037

-2,072

4,458

5,630

6,883

234

-6,741

-2,896

4,413

4,275

4,606

-3,105

4,682

-858

4,605

3,401

4,680

-7,231

6,457

3,691

5,591

Prepaid expenses and other assets

469

1,549

1,075

-249

-2,804

-2,205

-392

-458

-5,107

-593

-2,801

17,909

-3,106

7,745

2,938

-1,621

2,122

3,653

1,064

-985

-2,041

1,642

485

1,273

2,512

239

1,603

-1,339

1,292

-2,363

1,259

-497

1,800

-80

-346

-1,344

-25

Accounts payable

523

1,055

5,837

-5,701

-1,232

3,547

-5,052

2,302

-2,208

-1,450

-11,875

6,363

-3,912

10,501

4,386

5,046

3,178

-2,974

622

-1,716

-624

-3,995

-851

-3,343

9,168

-6,020

11,424

182

2,126

-3,133

-3,622

3,179

584

-5,464

-4,505

2,582

6,935

Accrued and other liabilities

1,233

3,401

-423

-6,047

-2,200

2,684

3,006

-290

438

-2,485

2,106

10,473

-3,642

4,155

2,741

837

-7,515

6,058

1,528

-3,064

1,653

3,228

710

-5,173

1,719

-368

5,646

-4,124

4,228

-2,042

279

917

-184

1,086

-736

-223

-3,339

Net cash provided by operating activities

24,926

16,287

9,000

701

8,699

10,598

13,531

-1,078

-3,456

8,444

-24,715

2,252

-18,748

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,437

-10,176

-1,638

-2,600

1,293

-1,915

-9,288

Net cash (used in) provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,539

17,994

5,184

-

5,990

7,676

7,446

10,977

8,879

-12,950

-7,357

9,518

-901

-5,267

1,161

-

-

-

-

-

-

-

-

Cash flows from investing activities
Purchase of property, plant and equipment

2,578

3,285

2,205

442

3,600

490

3,724

2,360

8,293

5,948

6,864

17,027

17,570

21,731

15,367

9,945

4,650

5,786

5,417

3,474

2,160

1,903

3,217

3,837

2,070

5,220

3,893

5,319

5,134

3,775

3,998

2,946

2,019

3,087

3,255

2,676

2,659

Acquisition, net of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,851

892

14,087

-

-

-

-

-

-

-

-

Proceeds from sale of property, plant and equipment and other assets

109

104

152

1,982

4

0

17

6

9

3

22

39

21,745

40

120

13

6

45

102

-5

103

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of marketable securities

24

31

40

43

43

40

40

803

37

31

10,224

3,001

38,806

13,208

21,713

15,762

32,045

-

-

-

-

8

1

4,581

5,072

967

9,122

19,741

29,030

4,016

39,098

99,809

12,964

24,112

6,812

142,048

0

Proceeds from sale of marketable securities

-

-

-

-

-

-

-

-

-

0

1

6,985

45,286

14,862

14,297

19,166

15,516

-

-

-

-

0

0

-10

9,644

8,600

10,000

11,500

23,747

419

50,545

48,155

5,139

41,149

5,850

66,910

0

Proceeds from maturity of marketable securities

-

-

-

-

-

-

-

-

-

0

0

0

6,458

7,775

7,373

6,500

1,500

-

-

-

-

0

0

4,441

5,007

1,203

8,900

19,355

20,900

6,351

5,052

14,432

15,100

1,000

3,623

0

0

Settlement of foreign currency hedges

-

-

-

-

-

-

2,779

563

-1,566

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

245

-1

-18

-351

-764

-52

-8,968

-1,404

-3,767

15,139

879

476

-178

-335

-524

-137

176

-579

-68

273

-58

-219

52

Settlement of foreign currency hedges

-

-

-

-

-

-

-

-

-

-

-

389

616

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from initial public offering of common stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1,171

87,699

Proceeds received on sale of discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in investing activities

-2,493

-3,212

-2,093

1,497

-3,639

-530

-1,526

-2,970

-6,755

-5,911

-16,517

-12,615

17,729

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,325

-39,589

7,149

-24,384

-498

-56,270

-2,711

Proceeds received on sale of discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,825

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,535

-27

-19,655

-

-19,540

-3,436

6,911

-2,006

557

-19,126

6,630

3,140

8,006

5,238

-3,080

-

-

-

-

-

-

-

-

Cash flows from financing activities
Proceeds from exercise of stock options and issuance of stock under ESPP

231

1,642

397

1,650

157

1,813

1,868

1,809

124

1,325

432

2,637

499

1,504

1,545

2,305

1,233

1,531

166

1,000

20

-

-

-

-

1,170

1,548

501

151

-

-

-

-

-

-

-

-

Offering costs

-

-

-

-

-

-

-

-

-

-117

0

0

117

-

-

-

-

-

-

-

233

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

303

-

-

-

-

-

-

124

64

-

-

-

-

Tax withholding on restricted stock units

219

28

378

245

82

207

471

216

60

25

335

601

37

45

493

43

34

39

497

6

185

17

284

6

80

82

403

8

72

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55

109

127

Proceeds from bank loans, net of debt issuance costs

0

0

0

0

5,000

4,947

4,939

-23

24,442

16,795

47,045

25,369

23,625

23,800

23,800

23,800

23,800

23,744

23,696

20,682

12,134

-

-

-

-

0

0

0

26,443

-

-

-

-

-

-

-

-

Repayment of bank loans

1,772

5,772

783

5,765

5,764

5,717

17,720

17,759

21,844

222

20,225

24,025

24,020

24,029

24,043

24,030

24,017

23,870

21,070

41,397

7,695

-

-

-

-

1,750

0

13,750

8,610

-

-

1,250

1,250

2,333

2,506

539

8,836

Repayment of notes payable

0

-32

-54

2,301

2,559

1,164

892

808

868

1,850

3,190

2,877

3,722

3,938

4,786

4,236

5,047

5,426

8,316

6,278

5,478

6,239

6,064

5,339

4,448

3,709

5,796

6,179

6,482

5,503

7,034

8,197

7,867

6,465

7,252

7,027

7,413

Repayment of bank and acquisition-related loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,761

5,157

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of notes payable

-

-

-

-

-

2,342

2,756

1,341

698

779

1,607

1,269

2,966

2,888

3,927

4,233

4,984

4,260

5,409

6,015

5,575

6,442

6,503

6,141

6,178

5,391

4,681

4,590

4,881

6,308

6,892

5,021

7,738

7,952

7,967

6,033

7,438

Repayment of finance lease liabilities

21

27

14

13

33

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from government grants

-

-

-

-

-

-18

-29

785

472

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

533

2,029

919

-

-1,245

26,528

4,138

967

-1,565

6,831

-3,204

1,020

-1,132

-13,684

16,311

-

-

-

-

-

-

-

-

Net cash used in financing activities

-1,781

-4,153

-770

-6,674

-3,281

1,996

-9,549

-14,871

2,964

16,802

25,334

1,772

-806

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,352

36,257

-1,315

27,443

-1,736

-2,087

79,015

Effect of exchange rates on cash, cash equivalents and restricted cash

-254

283

-510

-287

353

-120

-384

-448

272

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rates on cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

-

129

653

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

20,398

9,216

5,583

-4,730

2,132

11,944

2,072

-19,367

-6,975

20,119

-15,506

-8,462

-1,172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rates on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

612

-259

203

-549

-90

-635

472

-2,172

-645

232

-114

-233

125

-133

72

184

-60

-153

209

524

118

58

58

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,851

19,737

-13,349

-1,162

-14,885

30,133

18,967

7,766

7,226

-25,013

-4,045

13,445

6,098

-13,846

14,464

-1,639

15,350

-13,661

4,405

983

-823

-60,214

67,074

Supplemental disclosure of non-cash investing and financing activities:
Decrease (increase) in unpaid property, plant and equipment

-

-

-

-

-

-368

1,973

496

6,447

-358

88

7,568

-1,226

-1,135

-7,622

-3,517

-1,355

372

-125

-807

164

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Modification of bank loan with Comerica

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15,786

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of note to seller of acquired business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15,482

-

-

-

-

-

-

0

11,130

-

-

-

-

-

-

-

-

Transfer of restricted investments to short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

8,296

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unpaid property, plant and equipment in accounts payable

1,130

-

-

-

1,887

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-