Nevro corp. (NVRO)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Cash flows from operating activities
Net loss

-103,686

-49,205

-36,658

-31,778

-67,431

-30,680

-26,014

-18,967

Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization

4,600

3,900

2,500

1,717

614

96

47

39

Amortization of operating lease assets

3,237

-

-

-

-

-

-

-

Stock-based compensation expense

41,697

36,637

26,143

15,760

7,325

1,998

1,577

1,125

Accretion of discount on short-term investments

2,037

1,257

116

231

458

-82

-540

-538

Non-cash research and development expense

-

-

-

-

-

523

-

-

Non-cash loss on extinguishment of debt

-

-

-

-1,156

-

-

-

-

Payment of original issue discount

-

-

-

1,500

-

-

-

-

Provision for doubtful accounts

-27

-501

293

909

90

-172

2

180

Write-down of inventory

1,456

2,005

3,984

4,056

2,767

754

1,066

-

Non-cash interest expense

7,912

7,382

6,884

3,681

231

11

-

-

Loss on disposal of equipment

-

-

-

-287

-

-

-

-

Unrealized (gains) losses on foreign currency transactions

450

-1,188

799

-1,854

682

-

-

-

Changes in operating assets and liabilities
Accounts receivable

2,153

12,214

13,899

32,181

16,233

-167

750

2,427

Inventories

938

-3,846

16,297

27,031

49,407

5,487

1,600

3,597

Prepaid expenses and other current assets

3,222

767

501

1,997

1,197

1,337

-1,246

994

Other assets

-514

2,601

892

505

1,432

204

138

35

Accounts payable

-7,472

5,170

2,162

-5,586

17,051

1,283

1,227

624

Accrued liabilities

13,205

-242

12,269

12,136

7,987

1,763

1,888

1,082

Other long-term liabilities

-2,824

964

647

750

345

55

-186

-35

Net cash used in operating activities

-50,200

-5,708

-14,273

-58,503

-100,430

-31,148

-21,095

-22,467

Purchases of short-term investments

211,006

213,723

287,938

372,309

190,000

159,265

70,404

40,350

Proceeds from sales of short-term investments

-

-

5,993

-

-

-

-

-

Proceeds from maturity of short-term investments

254,308

228,373

290,341

243,890

235,272

51,835

50,760

55,706

Investment in private company

7,500

-

-

-

-

-

-

-

Changes in restricted cash

-

-

-

-

606

-

200

50

Purchases of property and equipment

3,472

8,217

4,327

3,368

5,008

625

55

30

Net cash provided by (used in) investing activities

32,330

6,433

4,069

-131,787

39,658

-108,055

-19,899

15,276

Cash flows from financing activities
Proceeds from issuance of notes payable

-

-

-

-

-

19,500

-

-

Proceeds from issuance of convertible preferred stock, net

-

-

-

-

-

-

47,674

-

Proceeds from issuance of common stock in public offering, net

-

-

-

-

118,439

131,617

-

-

Proceeds from issuance of convertible notes

-

-

-

172,500

-

-

-

-

Convertible notes initial issuance discount and debt issuance costs

-

-

-

6,171

-

-

-

-

Proceeds from issuance of warrants

-

-

-

33,120

-

-

-

-

Purchase of convertible note hedges

-

-

-

45,092

-

-

-

-

Repayment of debt

-

-

-

19,500

-

-

-

-

Minimum tax withholding paid on behalf of employees for net share settlement

3,057

1,742

991

-

-

-

-

-

Proceeds from issuance of common stock to employees

35,150

9,496

12,190

10,307

4,388

964

111

1,532

Net cash provided by financing activities

32,093

7,754

11,199

145,164

122,827

152,081

47,785

1,532

Effect of exchange rate changes on cash and cash equivalents

259

-258

444

-604

-306

-

-

-

Net increase (decrease) in cash, cash equivalents and restricted cash

14,457

8,221

1,439

-45,730

61,749

12,878

6,791

-5,659

Supplemental disclosures of cash flow information
Cash paid for income taxes

1,338

1,847

687

492

670

243

179

32

Cash paid for interest

3,019

3,019

3,019

2,469

2,332

-

-

-

Purchases of property and equipment in accounts payable

285

245

592

725

752

-

-

-

Vesting of early-exercised stock options

-

-

7

47

53

154

460

265