Real goods solar, inc. (RGSE)
CashFlow / Yearly
Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Operating activities:
Net loss

-42,084

-17,700

-25,328

-10,780

-57,111

-11,300

-47,206

-1,900

Loss from discontinued operations

-

-

-502

-972

-30,910

979

651

-

Loss from continuing operations

-

-

-25,830

-9,808

-26,201

-12,279

-47,857

-

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

401

415

424

484

515

912

1,189

811

Amortization of POWERHOUSE License

33

-

-

-

-

-

-

-

Share based compensation expense

263

249

708

784

1,294

509

325

524

Goodwill impairment

1,338

-

-

-

-

-

-

-

Change in fair value of derivative liabilities and loss on debt extinguishment

27,134

379

11,395

-

-

-

-

-

Amortization of debt discount and issuance costs

-

-

-

-

2,661

-

245

210

Amortization of debt discount and deferred loan cost

1,042

-

2,516

-

-

-

-

-

Deferred interest on related party debt

-

-

-

-

367

333

205

-

Bad debt expense

37

353

26

799

1,093

-

-7

-

Inventory obsolescence

32

398

-19

-

-

-

-

-

Gain on settlement of liability

942

-

-

-

-

-

-

-

Deferred income tax expense (benefit)

-

-

-

-

-1,404

-

8,655

-623

Change in valuation of derivative liabilities

-

-

-

7,127

14,160

2,026

-

-

Goodwill and other asset impairments

-

-

-

-

11,765

0

22,012

-

Other

-

-

-

-

117

-

-

-

Loss on sale of fixed assets

-

3

-21

160

-242

-

67

-

Loss on settlement of proxy contest

-

810

-

-

-

-

-

-

Warranty reserve

-

-

-

-

398

-

-

-

Deferred debt discount

-

-

-

-

-245

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-1,410

-397

-1,346

-3,564

-2,416

-386

503

-2,231

Contract assets

-51

-164

-

-

-

-

-

-

Costs in excess of billings on uncompleted contracts

-

-

-911

-1,995

1,272

3,824

5,165

5,328

Inventory

-386

872

-568

-2,588

-3,092

1,318

-4,903

862

Deferred costs on uncompleted contracts

-379

217

-537

-1,076

693

628

-181

-512

Net investment in sales-type leases and other current assets

-277

945

153

-

-

-

-

-

Net investment in sales-type leases and other assets

-

-

-

-420

-398

-860

814

-1,041

Other non-current assets

-364

-542

-

274

1,474

-

-

-

Accounts payable

-834

-804

-3,217

-4,721

3,681

5,537

-8,061

6,993

Accrued liabilities

97

-844

22

-738

-669

-2,101

2,189

-1,533

Billings in excess of costs on uncompleted contracts

-

107

-

-

-

-

-

-

Billings in excess of costs on uncompleted contracts

-

-

-751

-1,126

432

-2,185

3,805

83

Deferred revenue and other current liabilities

-854

664

115

-1,834

2,733

-

-

1,914

Other liabilities

-897

1,086

68

-110

-1,064

220

-2,310

-

Payable to Gaiam

-

-

-

-

-

-

1,326

-2,108

Net cash used in operating activities - continuing operations

-

-

-11,313

-14,188

-16,284

-15,604

-19,749

1,965

Net cash provided by (used in) operating activities - discontinued operations

-

-

-981

1,230

-14,433

-1,031

6,693

-

Net cash used in operating activities

-12,367

-16,035

-12,294

-12,958

-30,717

-16,635

-13,056

-

Investing activities:
Payments related to POWERHOUSE license

2,121

1,114

-

-

-

-

-

-

Purchases of property and equipment

25

432

67

26

945

349

-

678

Payments related to RGS 365 portal

-

413

-

-

-

-

-

-

Proceeds from sale of property and equipment

-

-

17

181

784

-

-

-

Change in restricted cash

-

-

-

-

-

-

-172

-730

Purchase of subsidiary

-

-

-

-

-

1,166

-

-

Cash from acquired businesses

-

-

-

-

12,140

-

-

3,416

Net cash (used in) provided by investing activities - continuing operations

-

-

-

-

-

-1,515

172

3,468

Net cash used in investing activities

-2,146

-1,959

-50

155

11,979

-

-

-

Financing activities:
Proceeds from warrant exercises

9,614

1,064

1,587

-

-

-

-

-

Proceeds from exercise of options

-

-

-

-

137

-

-

-

Principal borrowings (payments) on revolving line of credit, net

-

-

-

-

-

-

-

-3,119

Principal payments on related party debt

-

-

-

-

-

2,600

-5,150

-

Principal payments on debt

-

-

-

-

-

-

-

2,254

Proceeds from warrant exercises, net of costs

-

-

-

15,025

418

-

-

-

Proceeds from issuance of 2018 Notes

5,000

-

8,929

-

-

-

-

-

Proceeds from collection of Investor Notes

4,891

-

2,228

-

-

-

-

-

Principal payments on related party debt

-

-

-

-

-1,000

-

-

1,700

Proceeds from the issuance of common stock, net of costs

920

16,187

3,565

-

6,331

27,333

-

-

Payments for transaction costs

1,251

158

-

-

-

-

-

-

Restricted cash released upon conversion of debt

-

173

-

-

-

-

-

-

Principal borrowings on revolving line of credit

-

1,498

18,094

46,071

38,821

4,161

7,099

-

Principal payments on revolving line of credit

-

2,540

19,713

49,646

34,471

-10,659

-601

-

Payments on term loan

-

-

-

-

2,000

-

-

-

Principal borrowings (payments) on term loan

-

-

-

-

-

2,000

-

-

Principal payments on debt obligations

-

-

-

-

-

26

187

-

Repurchase of Class A common stock, including related costs

-

-

-

-

-

-

-

1,070

Net cash provided by financing activities

-

-

-

11,450

8,236

20,209

11,461

-4,743

Net cash provided by financing activities

19,174

16,224

14,690

-

-

-

-

-

Net decrease in cash

4,661

-1,770

2,346

-1,353

-10,502

2,059

-1,423

690

Income taxes paid

0

0

19

21

-

58

38

208

Interest paid

-

8

-

-

-

-

-

-

Interest paid

-

-

212

249

709

254

538

187

Non-cash items
Consideration transferred to Elemental Energy, LLC; released 38 shares of class A common stock

-

-

-

1,244

144

-

-

-

Common stock warrant liability recorded in conjunction with equity funding

-

-

-

12,246

1,957

-

-

-

Issuance of Class A common stock to related party for conversion of subordinated debt and accrued interest

-

-

-

4,238

-

-

-

-

Proxy contest settlement payment in shares of common stock

-

810

-

-

-

-

-

-

Change in common stock warrant liability in conjunction with exercise/extinguishment of warrants

-

-

133

-

-

-

-

-

Transfer from accounts payable to other liabilities for amounts paid by insurance carrier

-

-

1,510

-

-

-

-

-

Transfer of accounts payable to vendor line of credit

-

-

1,675

-

-

-

-

-

Issuance of warrants to purchase 14,317 shares in conjunction with bank debt extensions in 2014

-

-

-

-

245

-

-

-

Issuance of 551,476 shares of Class A common stock in conjunction with the acquisition of businesses

-

-

-

-

38,542

-

-

-

Change in common stock warrant liability in conjunction with exercise/extinguishment of warrants

-

-

-

7,262

621

-

-

-

Payment on line of credit in Class A common stock

-

-

167

-

-

-

-

-

Debt discount arising from 2018 Note Offering

10,088

-

20

-

-

-

-

-

Embedded derivative liability with 2018 Note Offering

12,987

-

45

-

-

-

-

-

Common stock warrant liability with 2018 Note Offering

6,818

-

-

-

-

-

-

-

Issuance of Class A common stock for conversion of 2018 Notes

31,824

-

-

-

-

-

-

-

Issuance of Class A common stock for exercise of common stock warrants

13,089

-

-

-

-

-

-

-

Interest paid with common stock

-

125

337

-

-

-

-

-

Issuance of 567,731 shares of Class A common stock in conjunction with the acquisition of businesses

-

-

-

-

-

-

-

21,576

Issuance of 400,000 shares of Class A common stock issued in conjunction with acquisition of subsidiary

-

-

-

-

-

916

-

-

Class A common stock issued in conjunction with debt conversion from related party, 62,111 shares

-

-

-

-

-

100

-

-

Accrued closing costs on the 2016 Note Offering

-

-

25

-

-

-

-

-