Redfin corporation (RDFN)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Operating Activities
Net Income (Loss) Attributable to Parent

-73,742

-80,805

-85,245

-88,550

-72,719

-41,978

-31,555

-24,472

-23,375

-15,002

0

0

0

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

10,900

9,230

8,708

8,372

8,099

8,465

7,973

7,539

7,274

7,176

0

0

0

Stock-based compensation

28,619

27,814

25,758

23,746

22,648

20,438

17,545

14,755

12,616

11,101

0

0

0

Amortization of debt discount and issuance costs

6,608

6,385

6,130

5,615

4,091

2,584

0

0

0

-

-

-

-

Non-cash lease expense

7,978

6,940

0

0

0

-

-

-

-

-

-

-

-

Impairment costs

0

-

-

-

0

-

-

-

-

-

-

-

-

Other

-1,652

-663

0

0

0

-

-

-

-

-

-

-

-

Change in assets and liabilities:
Prepaid expenses

-

-

-

-

-

-

-

-

-

-

0

0

0

Accounts receivable, net

5,569

3,861

11,180

19,784

4,160

2,029

-83

4,392

-182

2,709

0

0

0

Inventory

32,343

51,896

80,299

71,135

31,638

19,312

0

0

0

-

-

-

-

Prepaid expenses and other assets

1,571

3,539

7,615

8,177

7,658

5,725

0

0

0

-

-

-

-

Other current assets

-

-

-

-

-

-

-

-

-

-

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

0

0

0

Accounts payable

-14,728

-394

494

33

14,436

617

-778

781

3,689

-252

0

0

0

Accrued liabilities and other payables

6,321

7,459

12,146

23,522

19,025

4,509

7,959

4,115

6,524

5,115

0

0

0

Lease liabilities

-8,443

-7,209

0

0

0

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-1,249

-1,165

-931

-20

749

0

0

0

Origination of loans held for sale

478,485

395,638

315,048

210,109

126,396

86,023

61,410

37,235

20,485

11,008

0

0

0

Proceeds from sale of loans originated as held for sale

450,784

378,566

298,724

183,526

112,129

83,001

56,214

34,195

19,004

9,117

0

0

0

Net cash used in operating activities

-103,902

-107,610

-148,532

-154,070

-63,367

-36,702

-26,226

-20,733

6,677

5,355

0

0

0

Investing activities
Purchases of short-term investments

-

-

-

-

-

-

-

-

-

-

0

0

0

Purchases of property and equipment

15,788

15,533

15,596

13,762

9,149

8,303

7,142

6,723

9,637

12,113

0

0

0

Purchases of investments

169,532

136,265

0

0

0

-

-

-

-

-

-

-

-

Sales of investments

43,094

11,486

0

0

0

-

-

-

-

-

-

-

-

Maturities of investments

0

-

-

-

0

-

-

-

-

0

0

0

0

Net cash used in investing activities

-116,229

-115,912

-117,754

-85,974

-11,149

-10,303

-5,884

-5,221

-7,887

-10,364

0

0

0

Financing activities
Proceeds from the issuance of shares resulting from employee equity plans

16,478

16,107

16,962

17,978

21,193

23,407

0

0

0

-

-

-

0

Tax payments related to net share settlements on restricted stock units

7,615

5,126

3,577

2,991

2,185

1,426

705

227

59

0

0

0

0

Borrowings from warehouse credit facilities

0

-

-

-

0

-

-

-

-

-

-

-

-

Repayments to warehouse credit facilities

0

-

-

-

0

-

-

-

-

-

-

-

-

Borrowings from secured revolving credit facility

0

-

-

-

0

-

-

-

-

-

-

-

-

Repayments to secured revolving credit facility

0

-

-

-

0

-

-

-

-

-

-

-

-

Borrowings from warehouse credit facilities

-

-

-

-

-

83,842

59,949

36,365

20,011

10,746

0

0

0

Repayments of warehouse credit facilities

-

-

-

-

-

81,125

54,863

33,403

18,654

8,730

0

0

0

Other payables—deposits held in escrow

599

883

-4,889

129

-682

2,158

1,892

6,090

2,430

273

0

0

0

Payment of initial public offering costs

-

-

-

-

-

-

-

-

-

3,558

0

0

0

Principal payments for finance lease obligations

0

-

-

-

0

-

-

-

-

-

-

-

-

Net cash provided by financing activities

44,747

31,883

24,540

287,598

278,708

273,402

270,508

171,542

158,235

149,822

0

0

0

Effect of exchange rate changes on cash and cash equivalents

7

32

0

0

0

-

-

-

-

-

-

-

-

Net change in cash, cash equivalents, and restricted cash

-175,377

-191,607

-241,718

47,592

204,192

226,397

238,398

145,588

157,025

144,813

0

0

0

Supplemental disclosure of cash flow information
Cash paid for interest

2,840

2,460

2,460

1,202

1,202

0

0

0

0

-

-

-

-

Non-cash transactions
Temporary Equity, Accretion to Redemption Value, Adjustment

-

-

-

-

-

-

-

-

-

175,915

0

0

0

Stock-based compensation capitalized in property and equipment

1,514

1,280

1,090

839

668

522

437

381

318

268

0

0

0

Deferred initial public offering cost accruals

-

-

-

-

-

-

-

-

-

-

0

0

0

Property and equipment additions in accounts payable and accrued liabilities

-

-

-

-

-

-

0

0

49

-

0

0

0

Leasehold improvements paid directly by lessor

4,267

6,230

5,352

4,498

3,943

1,980

1,644

1,644

718

822

0

0

0

Cash in transit for exercised stock options

-

-

-

-

-

-

-

-

-

-

0

0

0