Organogenesis holdings inc. (ORGO)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Mar'16
Cash flows from operating activities:
Net loss

-41,101

-40,454

-45,311

-47,648

-58,009

-64,831

-61,505

-50,544

-30,153

-7,525

0

0

0

0

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

3,388

3,388

3,254

3,323

3,339

3,309

0

0

0

-

-

-

-

-

Amortization of intangible assets

5,362

6,043

5,443

4,832

4,250

3,669

0

0

0

-

-

-

-

-

Non-cash interest expense

174

243

446

654

721

845

0

0

0

-

-

-

-

-

Deferred interest expense

1,880

1,446

1,044

-176

265

249

0

0

0

-

-

-

-

-

Deferred rent expense

925

882

620

354

91

56

0

0

0

-

-

-

-

-

Gain on settlement of deferred acquisition consideration

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-off of deferred offering costs

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Provision (benefit) recorded for sales returns and doubtful accounts

532

239

1,147

1,492

1,289

1,157

0

0

0

-

-

-

-

-

Loss on disposal of property and equipment

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustment for excess and obsolete inventories

0

-

-

-

0

-

-

-

-

-

-

-

-

-

Provision recorded for inventory reserve

-

-

-

-

-

2,473

0

0

0

-

-

-

-

-

Stock-based compensation

921

936

955

965

982

1,075

0

0

0

-

-

-

-

-

Change in fair value of warrant liability

-

-

-

-

-

469

0

0

0

-

-

-

-

-

Loss on extinguishment of debt

-

-1,862

0

0

0

-

-

-

-

-

-

-

-

-

Changes in fair value of forfeiture rights

-

-

-

-

-

589

0

0

0

-

-

-

-

-

Changes in operating assets and liabilities:
Accrued interest/dividends receivable held in Trust Account

-

-

-

-

-

-

-

-

-

-

0

0

0

-

Accounts receivable

840

4,691

5,742

11,729

12,183

7,110

0

0

0

-

-

-

-

0

Inventory

10,274

11,063

9,509

5,963

4,318

1,524

0

0

0

-

-

-

-

-

Prepaid expenses and other current assets

1,761

625

-552

342

1,025

1,414

0

0

0

-

-

-

-

-

Accounts payable

-2,092

4,700

5,796

-5,804

-4,884

-60

0

0

0

-

-

-

-

-

Accrued expenses and other current liabilities

1,492

2,942

3,114

1,952

3,319

2,354

0

0

0

-

-

-

-

-

Accrued interest - affiliate debt

-

-

-

-

-

9,241

0

0

0

-

-

-

-

-

Other liabilities

-831

-930

-977

-547

-65

316

0

0

0

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

0

0

0

-

Accrued expenses

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Net cash used in operating activities

-41,253

-33,528

-44,532

-62,071

-65,736

-60,635

-46,228

-23,404

-7,823

-3,493

0

0

0

0

Cash flows from investing activities:
Purchases of property and equipment

9,910

5,984

2,888

2,551

2,109

1,857

0

0

0

-

-

-

-

-

Net cash used in investing activities

-10,160

-6,234

-3,138

-2,800

-2,108

-1,856

0

0

0

-

-

-

-

-

Cash flows from financing activities:
Line of credit borrowings

-

7,000

13,250

11,039

10,291

8,866

0

0

0

-

-

-

-

-

Payment of equity issuance costs

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Proceeds from term loan

0

-

0

0

0

-

-

-

-

-

-

-

-

-

Repayment of notes payable

-

17,585

17,585

17,585

17,585

10

0

0

0

-

-

-

-

-

Proceeds from the exercise of stock options

0

-

-

-

-

119

0

0

0

-

-

-

-

-

Redemption of redeemable common stock placed into treasury

-

6,762

0

0

0

-

-

-

-

-

-

-

-

-

Principal repayments of capital lease obligations

1,601

1,266

950

644

295

104

0

0

0

-

-

-

-

-

Payment of deferred acquisition consideration

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

-

924

924

895

979

177

0

0

0

-

-

-

-

-

Net cash provided by financing activities

67,824

78,727

44,942

83,720

97,589

81,538

87,547

39,041

22,376

18,867

0

0

0

0

Change in cash and restricted cash

16,411

38,965

-2,728

18,849

29,745

19,047

24,951

205

-386

500

0

0

0

0

Supplemental disclosure of cash flow information:
Cash paid for interest

8,430

8,148

7,533

6,806

5,195

5,423

0

0

0

-

-

-

-

-

Cash paid for income taxes

-9

49

56

13

65

8

0

0

0

-

-

-

-

-

Supplemental disclosure of non-cash investing and financing activities:
Debt issuance costs included in accounts payable

-

537

0

0

0

-

-

-

-

-

-

-

-

-

Purchases of property and equipment included in accounts payable and accrued expenses

6,541

4,014

3,831

1,281

-128

172

0

0

0

-

-

-

-

-

Exercise of common stock warrants included in prepaid expenses and other current assets

-

-

-

-

0

-

-

-

-

-

-

-

-

-

Change in ordinary shares subject to possible redemption

-

-

-

-

-

-

-

-

-

-

0

0

0

-