Penumbra inc (PEN)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Consolidated net income

37,438

47,004

44,167

10,741

7,873

2,910

5,529

28,193

13,254

4,657

-6,822

4,846

9,417

14,814

18,843

7,838

2,154

2,365

0

0

0

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

9,259

8,104

7,499

6,957

6,573

6,168

5,660

5,307

4,526

3,781

3,068

2,573

2,413

2,297

2,334

2,153

1,952

1,752

0

0

0

(Accretion of discount) amortization of premium on marketable investments

-

-

-

-

-

-

-

-

-

-

-765

-988

-1,107

-997

-816

-528

-272

-83

0

0

0

Stock-based compensation

22,079

21,485

21,342

19,513

19,363

18,422

18,271

18,346

17,954

17,812

16,929

16,705

15,634

14,637

12,945

10,192

9,931

7,271

0

0

0

Loss on non-marketable equity investments

-

-

-

-

-

-3,101

-3,828

-3,453

-2,381

-1,430

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

149

-13

0

0

0

Inventory write-downs

4,839

4,400

3,429

2,698

2,058

1,700

1,050

1,230

1,044

1,000

2,473

2,283

2,606

2,667

1,649

1,683

1,480

1,163

0

0

0

Write off of note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

(Release of) provision for sales returns

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-54

-

0

0

0

Realized (gain) loss on marketable investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Provision for product warranty

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Deferred taxes

-760

1,820

32

-687

-3,193

-6,480

-10,700

-11,802

-6,496

-4,288

0

0

0

-

-

-3,411

-1,793

-3,204

0

0

0

Change in fair value of contingent consideration

-

-

-

-

-

950

961

834

551

109

0

0

0

-

-

-

-

-

-

-

-

Other

-179

49

93

114

-94

-101

1,003

1,215

1,311

1,036

0

0

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

11,894

25,029

23,998

27,017

33,026

25,762

33,106

20,864

13,347

9,118

6,768

14,053

15,097

14,560

10,768

11,181

9,473

11,063

0

0

0

Inventories

49,769

41,407

34,753

36,861

29,224

22,288

19,505

15,947

12,561

18,826

20,435

14,529

16,711

19,737

21,132

25,840

27,152

25,126

0

0

0

Prepaid expenses and other current and non-current assets

5,590

4,001

1,890

2,986

710

-2,231

134

-938

-3,174

-2,436

-17,155

-3,707

2,036

9,043

25,202

11,101

9,695

4,013

0

0

0

Accounts payable

8,462

6,038

2,964

1,119

-796

1,329

2,666

2,183

1,584

1,851

1,301

338

914

1,375

-422

914

-162

132

0

0

0

Accrued expenses and other non-current liabilities

8,283

7,557

9,157

10,677

12,152

14,230

13,482

7,386

7,486

10,168

6,490

6,943

6,479

5,773

12,185

7,830

11,740

9,289

0

0

0

Net cash provided by (used in) operating activities

22,800

26,652

29,416

17,811

16,032

28,808

20,370

20,679

21,205

12,691

3,241

-1,781

-8,539

-12,807

-10,508

-20,540

-20,101

-20,689

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES:
Contributions to non-marketable investments

-

-

-

-

-

1,382

1,517

1,059

5,617

5,265

0

0

0

-

-

-

-

-

-

-

-

Purchases of marketable investments

-

-

-

-

-

108,227

147,310

160,769

187,433

189,658

157,636

126,263

98,592

63,346

176,298

158,738

142,460

135,340

0

0

0

Proceeds from sales of marketable investments

10,916

4,746

2,698

14,593

13,147

12,129

12,716

821

5,777

28,752

38,660

38,660

35,472

12,997

5,342

5,342

44,249

54,998

0

0

0

Proceeds from maturities of marketable investments

70,294

90,614

102,504

100,043

116,872

127,112

141,911

155,003

141,323

112,803

92,169

71,378

67,941

64,671

46,081

28,962

11,750

0

0

0

0

Purchases of property and equipment

29,777

22,109

17,165

10,706

9,243

9,603

12,290

12,273

12,161

12,532

13,362

15,304

15,714

13,635

8,045

6,096

5,291

5,474

0

0

0

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Net cash provided by (used in) investing activities

-34,529

-12,711

40,648

5,720

33,657

-385

-26,404

-29,576

-69,864

-77,653

-57,052

-37,057

-10,893

687

-132,920

-130,530

-91,752

-85,816

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock upon underwritten public offering, net of issuance cost

-

-

-

-

-

-

-

-

-

106,267

106,265

106,265

106,563

0

0

0

0

-

-

-

-

Proceeds from exercises of stock options

3,445

4,120

4,336

4,158

4,807

5,064

5,098

5,594

5,326

5,048

4,523

4,304

4,093

3,172

2,964

1,595

420

617

0

0

0

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Payment of employee taxes related to vested stock

18,542

18,535

17,823

17,259

16,293

17,725

17,138

16,341

13,127

11,686

11,169

9,968

3,071

2,624

2,024

1,846

4,167

2,525

0

0

0

Payments of finance lease obligations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of acquisition-related obligations

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of acquisition-related obligations

-

-

-

-

-

-

-

-

4,323

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from capital contribution from non-controlling interest

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

-11,599

-8,959

-5,289

-4,897

-4,781

-9,815

-10,538

-10,191

-7,909

104,359

104,388

106,310

114,163

7,126

2,292

129,238

120,995

122,834

0

0

0

Issuance cost not yet paid

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

Effect of foreign exchange rate changes on cash and cash equivalents

178

-53

-936

-1,078

-2,107

-1,395

-1,307

398

-1,714

-1,996

-812

-2,991

-1,250

-1,317

-2,106

-1,018

332

-72

0

0

0

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

-23,150

4,929

63,839

17,556

42,801

17,213

-17,879

-18,690

-58,282

37,401

49,765

64,481

93,481

-6,311

-143,242

-22,850

9,474

16,257

0

0

0

NONCASH INVESTING AND FINANCING ACTIVITIES:
Common shares issued as consideration in connection with a buyout agreement (Notes 7, 10 and 11)

-

-

-

-

-

5,256

5,256

5,256

5,256

0

0

0

0

-

-

-

-

-

-

-

-

Purchase of property and equipment funded through accounts payable and accrued liabilities

3,745

2,903

2,584

1,201

1,470

1,037

-578

1,692

1,065

977

2,178

1,293

1,447

1,442

2,140

220

-208

143

0

0

0

Right-of-use assets obtained in exchange for lease obligations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-