Protalix biotherapeutics, inc. (PLX)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss

291

-3,560

-7,743

-7,264

-5,434

-5,322

-8,462

-7,239

-13,305

-11,437

450

-59,148

-2,624

-7,290

-10,853

-8,598

72,900

-3,820

-5,071

-5,972

-8,469

-8,010

-6,119

-7,345

-10,885

-5,747

-6,837

-4,321

-9,877

-5,479

9,642

-5,904

-8,913

-8,875

-13,689

-5,052

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-117

-72

81,471

2,195

1,112

541

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-2,624

-7,290

-10,736

-8,526

-8,571

-6,015

-6,183

-6,513

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments required to reconcile net loss to net cash used in operating activities:
Share based compensation

236

196

113

290

418

22

12

62

46

75

98

118

223

163

227

375

383

446

554

419

559

106

-93

670

636

954

1,132

1,367

1,686

2,306

3,630

129

156

209

279

242

Depreciation

412

421

379

405

414

411

416

430

451

483

494

492

494

483

490

516

559

588

607

616

722

790

800

828

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and write down of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

871

892

926

-

912

930

930

933

897

923

878

Financial expenses (income), net (mainly exchange differences)

-7

-221

-130

-20

-57

131

-66

-28

53

43

-65

9

-388

208

37

130

-22

-157

339

-284

-577

-1,002

147

-14

124

20

42

78

185

-17

-111

114

-194

-229

137

-64

Changes in accrued liability for employee rights upon retirement

-61

38

37

-24

68

35

3

-124

-72

-35

47

42

41

-138

64

43

43

53

-33

-4

-9

47

52

50

55

52

33

60

58

85

89

44

40

38

44

33

Gain on amounts funded in respect of employee rights upon retirement

-

-

-

-

1

2

-1

44

0

2

-1

20

-10

0

2

1

10

-5

-24

1

-3

0

24

1

32

12

-5

19

-

-

-

-

-

-

-

-

Loss on extinguishment of convertible notes

-

-

-

-

204

-18

32

-218

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss (income) in connection with conversion of convertible notes

-

-

-

-

-

-

-

-

703

-1,326

-706

1,445

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of convertible notes embedded derivative

-

-

-

-

-

-

-

-

0

0

14,260

-52,321

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on amounts funded in respect of employee rights upon retirement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

9

5

-

-4

9

7

Amortization of debt issuance costs and debt discount

794

762

731

704

686

659

638

619

624

569

551

590

235

112

111

110

112

112

111

110

112

112

111

109

112

15

0

0

-

-

-

-

-

-

-

-

Issuance of shares for interest payment in connection with conversions of convertible notes

-

-

-

-

29

0

0

205

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Increase (decrease) in contracts liability (including non-current portion)

-6,883

-2,255

45

-487

-384

18,223

23

18

25,015

-1,925

0

1,088

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in deferred revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-164

-127

0

-107

348

-60

181

7,058

-1,803

-1,468

-2,901

-

-1,186

-1,467

-2,740

6,262

-1,435

-1,141

-2,405

-2,014

-1,140

1,290

-1,141

Decrease (increase) in accounts receivable and other assets

-4,955

1,956

-797

3,608

-562

-328

477

3,512

-6,492

2,929

446

3,092

-225

-3,594

3,737

1,215

-2,358

1,846

-814

803

428

181

-347

744

-3,036

392

364

42

-2,342

1,637

1,732

-1,270

-1,081

-761

-3,703

1,654

Changes in right of use assets

18

23

33

36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in inventories

630

527

291

-1,862

610

981

-41

-814

354

420

-41

1,855

385

-1,207

330

-30

2,398

253

-319

-16

4,578

-305

608

-1,430

-

386

1,418

1,734

1,981

1,029

766

-16

-148

-110

-564

-88

Increase (decrease) in accounts payable and accruals

-2,170

3,434

607

864

1,044

-517

-279

-1,009

-3,796

3,320

3,008

2,370

1,772

-906

1,743

-470

-384

-849

-168

-472

3,103

-1,916

630

-450

6,282

-2,365

-43

-3,005

2,608

-1,759

2,370

-242

1,759

-382

2,209

2,561

Increase (decrease) in other long term liabilities

-562

24

58

-2

-862

896

86

121

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in continuing operations

-

-

-

-

-

-

-

-

-

-10,541

-8,611

-8,548

-7,338

-3,147

-12,334

-9,268

-7,995

-7,254

-4,354

-6,167

-4,708

-9,548

-6,519

-8,340

1,914

-8,216

-8,109

-9,586

-

-

-

-

-

-

-

-

Net cash provided by discontinued operations

-

-

-

-

-

-

-

-

-

2

-8

122

0

-296

642

-357

4,138

-1,406

-992

-254

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-3,687

-3,225

-5,170

-7,276

-4,004

13,639

-7,964

-9,413

17,590

-10,539

-8,619

-8,426

-7,338

-3,443

-11,692

-9,625

-3,857

-8,660

-5,346

-6,421

-

-

-

-

-

-

-

-

-

-8,029

13,124

-6,281

-

-8,147

-4,823

-3,988

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment

28

392

37

170

188

104

145

249

290

138

323

220

117

157

324

251

4

128

233

99

168

246

108

263

222

327

699

642

251

770

237

810

704

985

1,412

2,604

Decrease (increase) in restricted deposit

5

18

22

214

-309

85

-26

188

-190

-7

320

23

-

-

-

0

-

-

-

-

-3

0

36

57

0

42

0

0

-

-

-

-

-

-

-

-

Amounts funded in respect of employee rights upon retirement, net

-62

36

36

-13

37

39

0

-109

-63

-15

43

40

39

-91

42

42

40

41

15

0

15

21

51

50

49

50

24

47

45

49

2

42

43

45

31

46

Net cash used in continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-169

-267

-195

-370

-271

-419

-723

-689

-

-

-

-

-

-

-

-

Net cash used in investing activities

29

-446

-95

-371

84

-228

-119

-328

-34

-116

-686

-283

-242

-66

-366

-293

39,903

-169

-248

-99

-

-

-

-

-

-

-

-

-

-819

-239

-852

-

-1,028

-1,443

-2,650

CASH FLOWS FROM FINANCING ACTIVITIES:
Net payment for convertible notes

-

-

-

-

-

-

-

-

0

0

4,235

6,726

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of shares, net of issuance cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-150

-60

25,538

0

0

-30

20,680

Exercise of options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

12

0

31

82

0

30

0

134

10

1,050

36

14

4

3

256

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

3

12

0

31

-68

66,930

30

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

0

9,542

-4,235

-6,726

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-140

990

25,574

-

4

-27

20,936

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

8

17

-2

202

-140

130

-157

-103

125

62

56

171

-154

203

15

213

-21

-161

340

-289

-510

-1,024

168

-29

82

-24

58

110

240

-76

-200

163

-218

-319

120

29

NET DECREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-7,445

-

-

-

-9,844

-

-1,051

-13,484

-15,264

11,961

-3,306

-12,043

-9,705

42,126

-8,990

-4,720

-6,809

-5,550

-10,827

-6,546

-8,708

-4,999

58,271

-8,744

-10,165

1,819

-9,064

13,675

18,604

-7,563

-9,490

-6,173

14,327

SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:
Purchase of property and equipment

84

-315

201

128

-12

-5

-100

342

-140

173

-143

636

-47

-14

336

320

343

25

-73

194

-2

-48

32

138

-1

-117

-511

815

315

-536

528

829

-4

-518

801

1,194

Convertible note conversions

-

-

-

-

49

99

1,150

987

8,595

4,165

2,986

517

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance cost related to convertible note offering not yet paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-150

0

150

0

0

-30

90

Exercise of options granted to employees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

12

-

73

-28

28

-

-

-

2

-

-

-

1

SUPPLEMENTARY DISCLOSURE ON CASH FLOWS
Interest paid

-

-

-

-

2,174

3

2,263

145

2,241

283

1,898

432

554

1,552

0

1,553

0

1,552

0

1,553

0

1,552

0

1,527

-

-

-

-

-

-

-

-

-

-

-

-