Nanostring technologies, inc. (NSTG)
CashFlow / TTM
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'13
Operating activities
Net loss

-57,422

-40,696

-85,793

-79,532

-80,096

-77,400

-65,041

-59,958

-43,912

-43,562

-46,404

-45,088

-51,338

-47,089

-44,312

-43,691

-45,290

-45,581

-49,145

-51,826

-53,510

-50,038

-46,485

-42,037

-33,444

-29,281

0

0

0

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

18,879

17,458

15,498

13,585

11,412

11,475

11,851

12,108

12,047

11,369

10,735

9,838

9,378

9,038

8,033

7,685

6,953

6,278

6,071

5,530

5,139

4,926

3,983

2,955

1,953

1,145

0

0

0

Depreciation and amortization

4,955

4,919

4,720

4,477

4,342

4,070

3,921

3,663

3,445

3,354

3,170

3,187

3,099

2,977

3,172

2,721

2,584

2,377

1,895

1,952

1,679

1,590

1,745

1,834

1,922

1,990

0

0

0

Payment of accrued interest of long-term debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revaluation of preferred stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,156

0

0

0

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Gain (Loss) on Extinguishment of Debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

1,466

810

737

601

517

438

249

266

213

171

241

169

163

158

133

92

55

18

-696

0

-436

-348

-93

-508

-92

-259

0

0

0

Loss on equity securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of premium on short-term investments

339

204

106

-478

-206

-278

-458

-156

-175

-198

-3

15

1

20

-73

-191

-252

-270

-246

-264

-347

-86

0

0

0

-

-

-

-

Non-cash operating lease cost

2,955

2,831

2,069

1,332

651

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of accrued interest to long-term debt

1,740

2,193

1,965

1,724

1,613

1,530

1,505

1,495

1,483

1,472

1,461

1,449

1,401

1,357

1,245

1,161

1,115

1,067

0

0

0

-

-

-

0

-

-

-

-

Provision for bad debts

-94

-62

-62

60

298

467

467

605

568

361

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for inventory obsolescence

497

931

846

1,200

1,133

691

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Gain on sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

0

0

0

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

3,046

9,805

979

1,672

2,082

-1,807

713

-489

133

-2,277

-2,396

-6,555

1,208

2,476

8,181

12,063

5,096

7,328

-2,359

4,147

3,045

4,109

8,474

4,295

3,073

5,009

0

0

0

Inventory

10,722

8,475

5,378

746

-3,969

-5,251

-597

4,634

7,088

8,742

9,015

5,046

4,315

5,857

1,546

4,552

5,291

5,602

6,823

4,524

3,170

1,252

2,232

2,184

2,185

1,370

0

0

0

Prepaid expenses and other assets

-1,345

3,350

5,588

4,885

3,009

2,714

1,284

1,089

2,167

1,278

1,771

1,657

842

-109

-33

-2,550

-2,183

-1,199

280

2,287

1,790

2,132

1,397

1,402

1,405

1,679

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

0

45

-

222

165

42

7

86

134

171

70

-127

4

141

268

0

0

0

Accounts payable

1,034

-599

1,352

962

2,031

4,640

2,865

1,409

2,709

-110

333

-183

-1,504

869

-487

1,483

-993

-166

374

-313

1,853

21

-730

120

928

1,601

0

0

0

Accrued liabilities

-274

1,276

2,027

-193

2,434

-494

-787

-206

-293

1,312

2,446

3,809

4,371

-40

1,158

177

-943

-80

-301

340

1,283

3,379

1,307

2,299

2,228

2,678

0

0

0

Accrued compensation and other employee benefits

2,511

3,567

1,699

1,778

1,490

3,463

1,727

1,343

904

295

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-1,857

-1,778

-3,746

-2,133

-814

-778

1,493

8,728

5,927

8,335

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-4,588

-6,536

-7,234

-6,258

-2,790

-1,779

-10,342

-15,999

-28,739

-29,161

-21,415

-15,673

9,702

29,948

31,541

31,465

20,538

-127

256

5,109

9,051

9,497

9,797

5,800

597

1,025

0

0

0

Operating lease liabilities

-2,582

-2,506

-1,701

-920

-811

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent and other liabilities

-

-

-

-

-

-503

-479

-403

-343

1,171

2,696

2,881

3,722

3,236

5,610

5,296

4,007

2,793

-2,000

-1,701

-1,047

-607

579

657

711

764

0

0

0

Net cash used in operating activities

-89,027

-89,421

-84,300

-74,898

-64,392

-54,065

-52,003

-51,014

-54,241

-51,657

-45,734

-39,365

-28,926

-6,079

-4,249

-7,777

-19,061

-43,362

-43,641

-48,647

-41,723

-38,061

-43,045

-37,783

-35,394

-31,346

0

0

0

Investing activities
Investing activities
Purchases of property and equipment

11,659

7,885

3,462

3,900

3,544

4,485

3,335

2,632

2,897

4,284

5,086

5,144

5,656

3,991

4,658

4,463

3,992

3,796

2,463

2,228

2,086

1,900

1,543

1,741

1,069

759

0

0

0

Proceeds from sale of short-term investments

6,500

2,500

5,000

2,500

5,210

7,910

6,710

8,010

5,300

3,600

3,600

4,450

4,450

4,700

3,400

1,250

1,250

3,000

3,000

5,000

1,829

4,500

0

0

0

-

-

-

-

Proceeds from maturity of short-term investments

107,034

97,970

101,270

85,820

81,040

51,300

75,375

76,725

78,604

79,599

43,924

46,574

34,375

34,800

40,331

39,779

45,830

57,309

55,480

58,982

58,656

35,977

0

0

0

-

-

-

-

Purchases of short-term investments

158,448

147,744

137,584

174,229

99,750

77,650

95,250

52,620

77,280

81,405

65,479

71,934

63,449

65,774

58,200

42,225

33,300

32,750

38,790

42,661

45,180

62,911

0

0

0

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-59

0

0

0

-

-

-

-

Net cash provided by investing activities

-16,573

-15,159

-34,776

-89,809

-17,044

-22,925

-16,500

29,483

3,727

-2,490

-23,041

-26,050

-30,276

-30,261

-19,137

-5,673

9,794

23,769

17,247

19,113

13,219

-24,275

-16,770

-59,553

-57,166

-32,955

0

0

0

Financing activities
Proceeds from issuance of 2025 convertible senior notes

250,000

20,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fees paid for issuance of 2025 convertible senior notes

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt

0

-

-

-

0

-

-

-

-

58

92

149

190

226

260

271

271

271

266

255

17,153

18,214

18,199

18,196

1,285

211

0

0

0

Proceeds from sale of common stock, net

0

68,273

68,255

122,102

122,102

53,829

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock warrants

2,268

2,228

2,565

2,893

2,959

3,010

2,765

2,097

1,422

674

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Tax withholdings related to net share settlements of restricted stock units

2,181

1,474

1,484

1,398

1,398

207

201

173

173

313

309

248

248

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of common stock, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57,015

0

0

0

-

-

-

-

Proceeds from issuance of common stock for employee stock purchase plan

2,135

1,952

1,952

1,623

1,623

1,451

1,451

1,634

1,634

1,793

1,793

1,648

1,648

1,489

1,488

1,398

1,398

1,295

1,296

1,210

1,210

988

0

0

0

-

-

-

-

Proceeds from exercise of stock options

17,281

18,387

16,679

15,178

11,171

3,507

2,921

1,479

1,209

1,086

2,785

2,813

2,626

2,607

1,044

919

1,063

876

787

580

385

411

179

197

173

387

0

0

0

Net cash provided by financing activities

177,155

109,266

121,358

173,789

149,948

75,081

60,783

5,037

60,552

59,668

87,105

86,773

35,059

35,093

17,225

17,033

24,558

24,268

24,188

24,052

13,807

69,566

59,349

107,767

109,739

52,550

0

0

0

Net increase in cash and cash equivalents

71,555

4,686

2,282

9,082

68,512

-1,909

-7,720

-16,494

10,038

5,521

18,330

21,358

-24,143

-1,247

-6,161

3,583

15,291

4,675

-2,206

-5,482

-14,697

7,230

-466

10,431

17,179

-11,751

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-72

-9

-39

3

-52

-14

-21

-10

52

32

-1

-5

-28

-26

-6

-26

-52

-42

0

0

0

-

-

-

0

-

-

-

-

Supplemental disclosures
Operating lease right-of-use assets obtained in exchange for lease obligations

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-