Pfenex inc. (PFNX)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Cash flows from operating activities
Net loss

-10,151

9,266

3,082

-5,232

-6,058

-6,823

-10,662

-11,081

-11,027

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-10,032

-

34,496

-10,166

-8,209

-8,671

-7,590

-5,983

-5,972

-3,574

-2,495

-2,183

-1,542

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

340

-

-

-

311

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

299

291

284

274

257

228

204

187

182

179

160

149

147

137

131

126

117

115

117

116

Amortization of intangible assets

126

126

126

130

133

132

134

133

133

132

132

134

132

133

132

133

133

133

132

133

133

131

133

132

133

Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

769

857

-

477

428

316

-

-

-

-

Stock-based compensation expense

878

516

671

933

777

628

793

849

909

628

767

814

914

-

-

-

-

-

-

-

-

-

107

76

8

(Gain)/Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

0

0

32

-12

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities
Accounts and unbilled receivables

-1,883

-10,587

12,899

-3,144

1,289

3,426

372

80

-13

-2,033

1,841

140

-1,464

1,505

28

-1,680

286

1,586

-333

180

-334

-201

430

-745

-1,361

Inventories

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-3

-5

Other assets

-614

-398

744

-402

254

-552

614

-240

-106

-46

411

-504

-112

-378

-825

993

370

-283

-377

297

305

1,324

-1,093

1,004

231

Other long-term assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

95

17

0

-95

Accounts payable

-275

-1,454

1,565

-643

-822

628

-1,190

963

-333

321

-168

554

-79

-588

457

360

202

-516

-325

-87

685

-351

353

-424

-253

Accrued liabilities

-2,403

-567

-703

128

-1,312

-874

1,014

-15

1,032

-2,143

726

2,793

-1,961

1,332

398

1,827

-307

655

590

1,649

424

-272

-1,710

1,391

226

Deferred revenue

332

-30

-173

-3,215

-1,824

-1,824

-1,824

3,125

-1,823

2,935

-1,621

-1,749

-1,657

-1,697

-32,273

-960

-910

-960

-898

-948

50,700

-566

-229

-267

11

Income tax receivable

-

-

-

-

-

-

0

-46

478

-

-

-

-

-2,133

-1

281

-31

2,367

103

-917

17

-1

0

0

-3

Net cash used in operating activities

-8,656

18,774

-8,683

-3,881

-10,338

-11,140

-12,423

-5,627

-10,238

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-10,908

-

5,015

-6,751

-8,772

-9,544

-6,643

-6,040

46,457

-5,428

-3,086

-1,414

-74

Cash flows from investing activities
Sales/maturities of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,250

Acquisitions of property and equipment

1,433

366

631

334

111

462

361

316

333

288

538

1,141

275

443

1,112

194

1,119

259

550

368

293

296

14

3

3

Net cash used in investing activities

-1,433

231

-631

-334

-111

-452

-371

-316

-333

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-275

-

-1,104

-194

-1,119

-259

-550

-368

-293

-296

-14

-3

1,247

Cash flows from financing activities
Proceeds from issuance of common stock, net of discount and offering costs

18,830

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of financial lease obligations

82

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of borrowings under line of credit agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,813

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,959

-

-

-

-

-51

126

0

-1

Repayments of capital lease obligations

-

-

59

60

130

26

85

72

55

66

21

9

13

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options and other stock issuances

1,319

4,182

270

142

113

13

127

15

55

-1

62

26

92

72

129

16

110

42

173

18

109

23

24

0

9

Payment for taxes related to net share settlement of equity awards

-

-

-

-

-

0

0

0

38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

20,067

4,101

211

82

-17

-13

433

39,074

-38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

33,131

-10,609

-

-

-

-

-16,096

4,040

-6,929

-9,635

-9,762

-7,075

31,004

46,273

-5,779

47,560

-1,194

1,181

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

79

-

129

16

256

41

118

37,412

109

-55

50,660

223

8

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

9,978

-

-

-

-10,466

-

-

-

-

9,291

-11,503

-10,321

-11,104

-

-

-

-

-

-

-

-

-

-

-

-

Cash, cash equivalents and restricted cash
Cash paid for taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

32

0

734

206

2

4

8

10

3

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

-

-

-

-

-

-56

0

0

154

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset acquisitions in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

403

-

-

-

-

-

-

-

-

-

-

-

-

Asset acquisitions in accounts payable and accrued expenses

203

-144

544

-19

222

118

34

-67

125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental schedule of cash flow information
Cash paid for interest

2

4

5

6

7

5

12

13

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

3

-

4

4

19

26

18

34

26

22

26

22

21

Accretion of preferred stock redemption value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-4,240

5,000