Natera, Inc. NTRA Cash Flow

Natera, inc. (NTRA)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15
Operating activities
Net loss
-126,108	-124,827	-121,485	-127,964	-129,372	-128,154	-143,530	-141,779	-137,021	-137,628	-132,880	-131,032	-125,122	-100,327	-80,818	-72,431	-68,956	-70,275	0	0	0
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
7,636	7,730	7,848	7,774	7,561	7,501	7,397	7,202	7,245	7,143	7,319	7,368	6,740	6,176	5,349	4,989	5,088	5,535	0	0	0
Inventory excess adjustments
156	321	754	325	321	265	319	467	402	502	0	0	0	-	-	-	-	-	-	-	-
Premium amortization and discount accretion on investment securities
1,596	945	374	79	164	238	418	652	732	857	1,003	1,199	1,350	1,445	0	0	0	-	-	-	-
Impairment of assets
-	-	-	-	-	1,544	1,544	1,544	1,544	576	2,307	2,694	2,694	2,138	0	0	0	-	-	-	-
Stock-based compensation
31,990	28,624	24,162	17,531	15,095	14,198	13,134	12,504	12,013	11,402	11,042	10,729	10,748	10,601	10,385	9,878	8,575	7,326	0	0	0
Non-cash lease expense
7,798	7,748	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss realized on investment securities
-	-	-	-	-	-43	-51	-49	-56	-64	-56	32	67	191	0	0	0	-	-	-	-
(Gain) loss on sales of property and equipment
-	-	-	-	-	-	-	-	-	-12	0	0	0	-	-	-	-	-	-	-	-
Loss (gain) from changes in fair value of warrants
-	-	-	-	-	4,118	2,574	3,291	2	-1,148	631	-483	-389	143	-119	-2,138	8	1,481	0	0	0
Interest accrued for borrowings and claims related settlement
-	-	-	-	-	-	-	-	-	488	0	0	0	-	-	-	-	-	-	-	-
Amortization of debt discount
500	500	400	400	402	400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash charges
-	-	-	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash (benefits)
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
0	-	-	-	-	-	-	-	-	143	537	265	649	984	604	889	672	529	0	0	0
Gain from change in fair value of long term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	964	0	0	0
Changes in operating assets and liabilities
Accounts receivable
8,513	-2,418	4,124	6,068	9,664	18,093	15,891	11,922	3,507	-6,315	-5,690	-2,216	-60	3,956	4,193	1,788	1,391	450	0	0	0
Inventory
570	-917	1,023	3,238	2,157	4,900	3,376	5,431	4,091	3,086	2,462	763	3,789	431	-3,636	-5,220	-6,113	-2,929	0	0	0
Prepaid expenses and other current assets
15,048	13,956	9,049	3,385	2,016	-2,643	-196	1,300	-1,819	1,515	-2,640	432	4,297	2,077	4,186	1,870	1,083	3,797	0	0	0
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-84	43	318	273	0	0	0
Other assets
9,201	9,099	9,266	9,579	-321	-335	-426	-792	-650	-600	-692	2,057	2,086	2,812	3,496	1,236	1,381	1,041	0	0	0
Accounts payable
-579	-6,262	-2,380	-1,813	-1,736	3,781	5,732	-2,595	2,170	217	-4,945	1,134	-2,471	1,256	2,905	826	-2,539	1,354	0	0	0
Accrued compensation
5,134	3,419	4,651	1,534	886	3,069	159	510	605	-1,467	-786	-989	429	2,515	2,587	2,084	3,354	2,572	0	0	0
Other accrued liabilities
10,936	8,606	3,661	4,263	1,997	-1,820	7,397	3,674	6,508	14,919	1,794	7,271	3,631	-378	3,237	4,187	10,084	8,026	0	0	0
Deferred revenue
37,579	40,848	49,047	42,372	7,721	42,769	36,965	36,639	36,313	846	465	338	377	430	471	298	184	32	0	0	0
Deferred rent, net of current portion
-	-	-	-	-	-628	-365	-325	211	1,452	0	0	0	-	-	-	-	-	-	-	-
Net cash used in operating activities
-66,725	-63,444	-61,203	-71,835	-103,446	-70,581	-85,897	-93,928	-72,159	-97,825	-99,342	-92,256	-99,143	-74,052	-49,095	-42,162	-34,870	-37,832	0	0	0
Investing activities
Purchases of investments
481,874	446,626	252,211	311,860	178,911	170,268	203,622	289,184	278,809	272,819	189,266	27,623	43,438	53,522	0	0	0	-	-	-	-
Proceeds from sale of investments
0	-	-	-	-	37,387	47,305	56,374	68,113	65,270	55,352	79,210	73,639	59,185	0	0	0	-	-	-	-
Proceeds from maturity of investments
235,185	173,900	197,780	166,780	156,100	131,600	159,475	255,800	236,200	231,200	154,825	49,500	57,500	64,500	0	0	0	-	-	-	-
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Purchases of property and equipment, net
11,930	4,968	4,664	4,252	3,983	3,880	2,490	3,028	4,381	9,867	17,706	23,891	25,990	23,136	15,977	9,126	7,587	7,852	0	0	0
Net cash provided by investing activities
-235,778	-266,353	-49,420	-139,840	-17,303	-5,161	668	19,962	21,123	13,784	3,205	76,971	61,486	47,027	-147,785	-207,080	-203,669	-210,679	0	0	0
Financing activities
Proceeds from exercise of stock options
14,289	13,041	11,684	15,117	15,345	13,331	12,544	5,573	2,466	2,315	2,707	2,266	2,702	3,595	0	0	0	-	-	-	-
Proceeds from issuance of common stock, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Payment for debt issuance costs on long-term debt facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from issuance of preferred stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Repayments of equipment financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,850	0	0	0
Deferred offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net cash provided by financing activities
342,022	340,774	123,188	223,398	115,739	113,725	112,730	83,982	80,523	80,372	80,829	5,388	12,291	13,184	26,010	203,556	192,176	190,282	0	0	0
Net (decrease) increase in cash, cash equivalents and restricted cash
39,519	10,977	12,565	11,723	-5,010	37,983	27,501	10,016	29,487	-3,669	-15,308	-9,897	-25,366	-13,841	-170,870	-45,686	-46,363	-58,229	0	0	0
Supplemental non-cash investing and financing activities:
Obtaining right-of-use assets in exchange for lease liabilities
-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment in accounts payable and accruals
6,164	3,706	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-