Pfenex inc. (PFNX)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Cash flows from operating activities
Net loss

1,058

-39,593

-25,684

5,481

-

-

-

-

Net loss

-

-

-

-

-28,216

-9,794

-4,062

-2,593

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

1,294

1,148

876

670

541

465

462

437

Amortization of intangible assets

515

532

530

531

531

529

531

531

Deferred income taxes

-

-

-

-1,955

1,955

-

2,719

1,654

Stock-based compensation expense

-

-

-

-

-

404

-

-

Stock-based compensation expense

2,897

3,179

3,123

3,156

1,840

-

126

108

(Gain)/Loss on disposal of property and equipment

97

-8

20

-250

-59

-

-

-

Losses and adjustments associated with assets held for sale

-

-

-

-

-

-

-14

-35

Changes in operating assets and liabilities
Accounts and unbilled receivables

457

3,865

-1,516

139

1,099

-1,877

758

-1,198

Inventories

-

-

-

-

-

-

-728

708

Other assets

198

-284

-251

160

-58

1,466

-512

556

Notes receivable from related parties

-

-

-

-

-

-95

-

-

Other long-term assets

90

-

53

-25

68

17

2

-1

Accounts payable

-1,354

68

628

431

-243

-675

-209

429

Accrued liabilities

-2,454

1,157

-585

3,250

3,318

-365

1,766

-327

Deferred revenue

-5,242

-2,346

-2,092

-35,840

47,894

-1,051

-1,090

1,262

Income tax receivable

-

-

-

-1,884

1,570

-4

100

-1,052

Net cash used in operating activities

-4,128

-39,428

-21,510

-22,274

-

-

-

-

Net cash used in operating activities

-

-

-

-

24,230

-10,002

-4,601

-2,889

Cash flows from investing activities
Purchases of investments

-

-

-

-

-

-

5,498

2,000

Sales/maturities of investments

-

-

-

-

-

1,250

3,250

-

Acquisitions of property and equipment

1,442

1,472

2,242

2,868

1,470

316

119

470

Proceeds from sales of equipment

597

-

45

8

-

-

-

-

Net cash used in investing activities

-845

-1,472

-2,197

-2,860

-

-

-

-

Proceeds from sales of equipment and assets held for sale

-

-

-

-

-

-

10

148

Net cash used in investing activities

-

-

-

-

-1,470

934

-2,357

-2,322

Cash flows from financing activities
Proceeds from issuance of common shares from initial public offering

-

-

-

-

-

50,614

-

-

Proceeds from issuance of common stock, net of discount and offering costs

-

39,999

-

-

37,342

-

-

-

Payments for offering costs

-

477

-

0

-

-

-

-

Repayments of financial lease obligations

330

-

-

-

-

-

-

-

Borrowings under line of credit agreement

-

-

-

-

-

223

2,450

-

Repayments of borrowings under line of credit agreement

-

-

-

3,813

-

-

-

-

Borrowings under line of credit agreement

-

-

-

-

-

-

-

1,140

Sales/maturities of investments in pledged accounts

-

-

-

-

-

-

3,000

-

Restricted cash

-

-

-

-

-4

74

-2,528

-1,339

Repayments of capital lease obligations

-

238

109

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

131

-

-

Proceeds from exercise of stock options and other stock issuances

4,707

210

179

327

342

56

24

-

Payment for taxes related to net share settlement of equity awards

-

38

-

-

-

-

-

-

Net cash provided by (used in) financing activities

4,377

39,456

70

-3,486

-

-

-

-

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

-

-

-

-28,620

60,440

41,768

-4,012

-5,405

Proceeds from exercise of stock options

-

-

-

-

-

-

-

5

Net cash (used in) provided by financing activities

-

-

-

-

37,680

50,836

2,946

-194

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

-596

-1,444

-23,637

-

-

-

-

-

Cash, cash equivalents and restricted cash
Cash paid for taxes

2

48

-

32

942

25

45

628

Supplemental disclosures of non-cash investing and financing activities
Transfer of investments to pledged accounts

-

-

-

-

-

-

3,000

-

Conversion of preferred stock to common stock

-

-

-

-

-

113,940

-

-

Preferred stock dividends paid in common shares

-

-

-

-

-

7,307

-

-

Beneficial dividend

-

-

-

-

-

1,067

-

-

Reclass from permanent to temporary equity and accretion of preferred stock redemption value

-

-

-

-

-

760

70,679

-42,500

Acquisitions under finance lease obligations or capital lease obligations (Note 4 and Note 8)

-

98

676

42

89

130

-

-

Restricted stock issuance for bonus payment

-

57

-

-

-

-

-

-

Asset acquisitions in accounts payable and accrued expenses

603

210

361

248

-

-

-

-

Supplemental schedule of cash flow information
Cash paid for interest

22

41

22

30

-

-

-

-

Cash paid for interest

-

-

-

-

104

91

46

13

ASC 606 [Member]
Adoption of ASC 606 - impact on deferred revenue

-2,500

-

-

-

-

-

-

-

ASC 842 [Member]
Adoption of ASC 842 - ROU assets

4,540

-

-

-

-

-

-

-

Adoption of ASC 842 - lease liabilities

-4,755

-

-

-

-

-

-

-