Invitae corp (NVTA)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Mar'14
Cash flows from operating activities:
Net loss

-98,527

-76,905

-78,707

-48,676

-37,677

-29,841

-31,723

-31,671

-36,120

-40,493

-27,402

-28,557

-26,928

-24,848

-24,971

-24,847

-25,590

-24,360

-22,527

-24,258

-18,637

-9,033

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

6,056

5,071

4,410

3,439

3,286

3,272

3,341

3,494

3,433

3,305

2,385

1,758

1,733

1,619

1,683

1,696

1,555

1,603

1,423

1,278

1,017

471

Stock-based compensation

29,278

28,122

28,286

14,317

5,223

5,139

5,206

6,112

4,393

4,834

4,780

6,329

3,278

4,349

3,008

1,877

1,465

1,640

762

537

538

132

Amortization of debt discount and issuance costs

3,632

-

-

-

0

-

-

-

-

-108

28

40

40

58

62

100

91

87

216

264

65

-

Loss on disposal of assets

-

-

-

-

-

-

-

-

-

-

0

0

-268

-97

0

-747

-186

-8

0

0

-15

-

Remeasurements of liabilities associated with business combinations

-3,367

-

-

-156

-130

-

-

-384

1,093

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

659

-

281

-794

-388

-

-164

-430

-32

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities, net of businesses acquired:
Accounts receivable

5,167

5,687

3,597

-557

-2,596

808

446

3,813

224

162

682

514

605

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

7,053

3,555

-2,401

460

3,365

385

548

-644

1,156

2,402

-1,959

-308

506

2,222

-3,343

301

1,969

716

118

-740

1,273

229

Other assets

-602

343

41

-1,391

-1,019

-392

-873

-1,120

2,548

140

9

25

11

-450

-51

-802

-162

172

-54

226

-380

191

Accounts payable

13,085

1,471

4,041

-3,647

-307

809

1,880

-1,532

-1,574

-1,813

-771

191

1,858

835

-783

231

-394

724

-1,578

3,137

-1,775

326

Accrued expenses and other liabilities

-240

6,605

5,425

3,666

601

2,642

1,318

-165

-231

-98

1,072

146

-1,157

3,055

825

1,598

506

729

338

-1,748

1,487

327

Net cash used in operating activities

-62,360

-47,266

-36,696

-32,725

-28,366

-15,473

-18,080

-25,765

-32,902

-31,255

-24,895

-19,801

-22,030

-17,045

-16,876

-18,408

-23,988

-20,766

-21,430

-20,276

-18,183

-8,197

Cash flows from investing activities:
Purchases of marketable securities

0

240,136

0

0

20,781

8,105

675

675

225

7,304

37,376

12,074

45,113

11,321

9,017

9,579

60,319

30,682

21,098

34,373

130,841

-

Proceeds from sales of marketable securities

12,532

0

0

0

0

0

0

0

19,965

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities of marketable securities

24,965

0

500

28,000

6,000

21,501

8,879

0

2,078

15,850

17,750

17,675

17,493

14,450

33,637

32,335

37,500

75,042

46,044

21,090

4,500

-

Acquisition of businesses, net of cash acquired

32,199

24,045

12,994

-3,193

0

-

-

-

-

-4,310

1,381

54

54

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

3,831

6,517

4,706

6,060

2,764

1,712

1,174

1,213

1,871

2,560

639

2,133

1,343

4,508

3,315

2,765

1,037

1,160

1,932

2,256

1,116

867

Other

667

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

800

-270,698

-17,200

25,133

-17,545

11,184

6,530

-1,888

19,947

7,318

-18,884

3,522

-28,909

-1,379

21,305

19,991

-23,856

47,897

18,370

299

-127,457

-867

Cash flows from financing activities:
Proceeds from public offerings of common stock, net

0

0

19,534

0

184,490

-39

59,000

53,480

0

-

-

-

-

-

-

-

-

4

0

-31

107,147

-

Proceeds from Issuance of Common Stock

1,172

3,736

611

3,016

2,107

6,779

5,799

4,742

191

2,932

69,423

1,568

696

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

210

-

210

6

57

19

Proceeds from loan agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,500

2,500

2,500

-

-

-

-

-

Proceeds from issuance of debt, net

-

-

-

-

-

74,365

-237

-11

19,792

0

0

0

39,661

-

-

-

-

-

-

-

-

-

Loan payments

-

-

-

-

-

-

-

-

-

0

18,355

0

12,102

843

680

529

386

-

-

-

-

-

Finance lease principal payments

621

485

559

554

477

468

462

532

638

799

696

755

702

400

394

391

404

482

482

719

327

185

Net cash provided by financing activities

551

2,341

273,848

2,462

186,120

16,028

64,100

57,679

19,345

2,133

50,372

813

27,553

47,504

1,554

2,731

1,920

1,789

4,541

-769

106,877

-166

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

-61,009

-315,623

219,952

-5,130

140,209

11,739

52,550

30,026

6,390

-21,804

6,593

-15,466

-23,386

29,080

5,983

4,314

-45,924

28,920

1,481

-20,746

-38,763

-9,230

Supplemental cash flow information:
Interest paid

-

-

-

-

-

-

-

-

-

-

-

913

296

122

115

100

84

86

61

37

27

16

Supplemental cash flow information of non-cash investing and financing activities:
Equipment acquired through finance leases

-

-

-

-

-

-

-

-

-

1,940

970

1,939

1,940

-

-

-

-

-

-

-

-

-

Purchases of property and equipment in accounts payable and accrued liabilities

3,956

1,083

280

-1,330

2,389

-1,097

1,369

-420

658

-1,822

375

-1,403

3,050

-226

886

574

410

509

-366

-1,964

2,424

49

Investment in privately-held company in other assets and accrued liabilities

-

-

-

-

-

-

-

-450

1,125

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of convertible preferred stock to common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

202,305

-

Warrants issued pursuant to 2017 Loan Agreement

-

-

-

-

-

0

0

0

383

0

0

0

740

-

-

-

-

-

-

-

-

-

Common stock issued for acquisition of businesses

42,453

3,772

45,359

59,026

416

2

2,470

3,973

0

27,932

11,874

5,527

5,475

-

-

-

-

-

-

-

-

-

Consideration payable for acquisition of businesses

5,773

-

-

-

0

-

-

-

-

840

4,914

613

6,909

-

-

-

-

-

-

-

-

-

Deferred offering costs included in accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

263

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease assets obtained in exchange for lease obligations, net

2,131

-

-

-

1,617

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-