Natera, inc. (NTRA)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Dec'14
Assets
Current assets:
Cash and cash equivalents

74,100

61,926

51,609

29,928

34,281

46,407

34,535

12,306

33,674

12,620

11,211

7,138

9,086

15,256

25,322

16,557

33,985

28,947

196,192

62,243

87,176

Restricted cash, current portion

55

55

55

55

399

4,597

4,222

5,612

5,674

59

45

764

775

1,092

1,188

1,274

1,322

901

186

145

503

Short-term investments

331,700

379,065

186,700

208,053

93,805

107,461

130,891

70,901

80,023

106,247

135,017

94,988

106,692

130,860

157,717

198,647

196,597

201,586

26,389

-

-

Accounts receivable, net of allowance of $3,020 in 2020 and $2,919 in 2019

61,577

53,351

58,905

62,974

60,293

62,223

60,397

57,002

50,326

44,089

7,342

7,107

7,478

13,396

9,408

6,171

6,105

5,862

5,820

5,273

5,942

Inventory

14,161

12,394

12,514

15,236

13,748

13,633

12,244

12,324

11,911

8,998

9,188

7,359

8,223

6,414

9,249

8,893

6,689

8,093

12,724

14,633

11,542

Prepaid expenses and other current assets, net

15,590

16,376

13,954

5,721

5,555

6,197

6,399

7,225

5,915

8,612

6,437

5,748

7,907

7,097

9,394

5,633

3,927

5,337

4,982

3,537

1,314

Total current assets

497,208

523,167

323,737

321,967

208,081

240,518

248,688

165,370

187,523

180,625

169,240

123,104

140,161

174,115

212,278

237,175

248,625

250,726

246,293

85,831

106,477

Property and equipment, net

26,718

23,283

19,027

22,039

23,302

24,336

24,833

25,313

26,878

29,667

30,417

31,268

31,752

32,289

25,616

19,096

15,098

12,710

13,992

15,047

14,574

Operating lease right-of-use assets

22,620

23,730

24,807

26,229

27,260

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash, long term portion

-

-

-

-

-

-

342

342

342

342

342

342

342

342

342

342

342

683

1,428

1,428

808

Other assets

12,093

12,476

12,679

13,091

2,802

3,317

3,446

3,336

3,912

3,979

4,057

3,711

3,769

3,934

4,149

4,654

1,683

1,121

654

4,446

1,764

Total assets

558,639

582,656

380,250

383,326

261,445

268,171

277,309

194,361

218,655

214,613

204,056

158,425

176,024

210,680

242,385

261,267

265,748

265,240

262,367

106,752

123,623

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable

8,369

8,604

9,236

8,319

8,917

14,587

9,884

7,689

8,608

8,529

3,753

10,389

6,610

11,479

8,811

9,194

8,980

7,332

6,067

8,949

8,867

Accrued compensation

15,953

16,088

14,238

10,149

10,818

12,668

9,587

8,615

9,933

9,599

9,428

8,106

9,328

11,067

10,214

9,095

8,899

8,552

7,627

7,011

5,980

Other accrued liabilities

50,393

49,043

38,702

39,157

37,839

32,442

31,067

30,520

31,523

33,257

23,022

25,612

23,928

19,879

23,347

23,586

20,715

18,708

17,488

14,024

10,341

Deferred revenue, current portion

51,840

56,016

25,667

19,154

4,928

4,100

1,156

1,174

1,443

1,420

1,041

669

592

574

576

331

215

144

105

34

112

Equipment loan, current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,340

2,340

Short-term debt financing

50,100

50,123

50,131

50,146

50,154

50,153

50,135

50,132

50,125

50,112

50,097

50,022

49,807

49,624

49,473

49,327

42,205

42,090

-

-

-

Warrants

-

-

-

-

-

-

-

-

2,751

2,644

4,189

3,472

2,750

3,792

3,558

3,955

3,139

3,649

3,741

6,157

2,232

Total current liabilities

176,642

179,874

137,974

126,925

112,656

113,981

101,829

98,130

104,383

105,561

91,530

98,270

93,015

96,415

95,979

95,488

84,153

80,475

35,028

38,515

29,872

Long-term debt financing

72,881

73,656

73,583

73,511

73,431

73,357

73,284

73,211

73,138

73,065

73,202

-

-

-

-

-

-

-

-

-

-

Deferred rent, net of current portion

-

-

-

-

-

8,613

8,775

8,922

9,548

9,241

9,140

9,247

9,337

7,789

6,092

1,964

-

-

-

-

-

Deferred revenue, long-term portion

25,152

23,808

56,174

60,527

39,698

40,058

36,850

36,135

35,462

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities, long-term portion

24,727

26,297

27,825

29,275

30,674

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

310

310

-

-

-

-

-

-

-

1,329

-

-

-

-

-

-

-

-

-

-

-

Equipment loan, long term portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,340

3,510

Senior secured term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,276

23,086

20,964

Total long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,276

25,426

24,474

Total liabilities

299,712

303,945

295,556

290,238

256,459

236,009

220,738

216,398

222,531

189,196

173,872

107,517

102,352

104,204

102,071

97,452

84,153

80,475

56,304

63,941

54,346

Commitments and contingencies (Note 8)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

Convertible preferred stock issuable in series, $0.0001 par value: 50,000 and 51,233 shares authorized at December 31, 2015 and December 31, 2014, respectively, 0 and 31,397 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively; aggregate liquidation preference of $133,757 as of December 31, 2014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

240,585

240,612

Stockholders' equity:
Preferred stock, $0.0001 par value: 50,000 shares authorized; no shares issued and outstanding at December 31, 2019 and 2018, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

0

Common stock, $0.0001 par value: 750,000 shares authorized at both March 31, 2020 and December 31, 2019, respectively; 78,652 and 78,005 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

8

8

7

7

7

7

7

6

6

6

6

6

6

5

6

6

6

5

5

1

1

Additional paid in capital

988,199

976,955

747,817

733,137

613,680

607,236

600,146

491,887

476,270

472,552

467,234

460,906

456,000

453,044

447,915

444,790

439,962

436,259

433,145

11,719

8,664

Notes receivable from officers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

192

Accumulated deficit

-734,900

-699,171

-663,988

-640,851

-608,435

-574,500

-542,688

-513,072

-479,248

-446,375

-436,660

-409,541

-381,809

-345,848

-307,941

-281,924

-258,769

-250,083

-227,123

-209,494

-179,808

Accumulated other comprehensive income

5,666

919

858

795

-266

-600

-894

-858

-904

-766

-396

-463

-525

-725

334

943

396

-1,416

36

-

-

Total stockholders' equity

258,927

278,711

84,694

93,088

4,986

32,162

56,571

-22,037

-3,876

25,417

30,184

50,908

73,672

106,476

140,314

163,815

181,595

184,765

206,063

-197,774

-171,335

Total liabilities and stockholders' equity

558,639

582,656

380,250

383,326

261,445

268,171

277,309

194,361

218,655

214,613

204,056

158,425

176,024

210,680

242,385

261,267

265,748

265,240

262,367

106,752

123,623