Real Goods Solar, Inc. RGSE Cash Flow

Real goods solar, inc. (RGSE)

CashFlow / TTM

Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12
Operating activities:
Net loss
-23,069	-39,554	-42,236	-42,084	-35,604	-21,732	-18,004	-17,700	-22,967	-26,278	-25,711	-25,328	-19,059	-15,602	-10,697	-10,780	-22,749	-23,220	-46,017	-57,111	-43,436	-40,782	-22,335	-11,300	-12,611	-49,533	-49,143	-47,206	0	0	0
Loss from discontinued operations
-	-	-	-	-	-	-	-	-689	-745	-708	-502	0	0	0	-	-	-	-	-30,910	0	0	0	-	-	-	-	-	-	-	-
Income/(loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-23,196	-26,561	-26,097	-25,830	-19,029	-15,176	-10,068	-9,808	-19,198	-17,826	-17,717	-26,201	0	0	0	-	-	-	-	-	-	-	-
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation
310	336	366	401	425	425	413	415	411	410	425	424	424	425	442	484	497	330	355	515	582	960	988	912	1,114	1,020	1,163	1,189	0	0	0
Amortization of POWERHOUSE License
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share based compensation expense
0	0	0	-	-	-	-	249	440	592	721	708	770	720	704	784	744	-312	1,336	1,294	1,306	2,313	599	509	350	240	285	325	0	0	0
Change in fair value of derivative liabilities and loss on debt extinguishment
10,578	25,533	27,105	27,134	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount and issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,661	0	0	0	-	-	-	289	245	0	0	0
Amortization of debt discount and deferred loan cost
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred interest on related party debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	333	0	0	0	-	-	-	0
Bad debt expense
150	-5	13	37	281	447	346	353	-31	-52	-38	26	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory obsolescence
0	0	0	-	-	169	170	398	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense (benefit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,655	0	0	0
Change in valuation of derivative liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-65	1,130	5,330	7,127	12,880	19,009	20,582	14,160	0	0	0	-	-	-	-	-	-	-	-
Loss on sale of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-21	-10	2	43	160	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
-846	-989	-867	-1,410	-980	-109	-431	-397	-125	-1,254	-1,922	-1,346	-3,388	-5,472	-1,977	-3,564	-5,780	-4,103	-3,080	-2,416	2,030	5,835	1,455	-386	5,712	3,786	3,719	503	0	0	0
Contract assets
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs in excess of billings on uncompleted contracts
-	-	-	-	-	-	-	-	-132	-348	-271	-911	-1,527	-1,376	-2,102	-1,995	2,688	1,505	709	1,272	1,234	4,940	7,424	3,824	0	0	0	-	-	-	-
Costs in excess of billings on uncompleted contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Inventory
3,383	3,042	1,299	-386	-933	431	747	872	1,166	126	-178	-568	-1,518	-1,913	-2,192	-2,588	-4,836	-3,961	-3,481	-3,092	-1,100	1,708	396	1,318	3,357	-1,827	-4,092	-4,903	0	0	0
Deferred costs on uncompleted contracts
-13	-399	-403	-379	-303	291	181	217	-170	-215	-271	-537	-432	-1,484	-1,866	-1,076	-3,841	-1,364	811	693	0	0	0	-	-	-	-	-	-	-	0
Net investment in sales-type leases and other current assets
-513	-815	-220	-277	452	773	876	945	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net investment in sales-type leases and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net investment in sales-type leases and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-288	-1,620	-660	-420	-392	425	-274	-398	0	0	0	-	-	-293	37	814	0	0	0
Other current assets
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-current assets
-1,284	-1,099	-582	-364	-1,317	-1,537	-837	-542	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
2,618	929	-652	-834	-743	487	1,079	-804	-4,059	-4,244	-3,118	-3,217	1,417	-1,274	-3,947	-4,721	-7,379	-2,578	338	3,681	10,565	13,672	13,782	5,537	4,214	6,202	-2,348	-8,061	0	0	0
Accrued liabilities
419	436	394	97	-971	-1,017	-1,086	-844	432	677	109	22	-242	-533	-312	-738	-1,073	-3,029	-1,734	-669	215	934	706	-2,101	4	1,474	982	2,189	0	0	0
Billings in excess of costs on uncompleted contracts
-	-	-	-	-	-	-	-	-	-	-	-751	-1,209	-2,379	-1,165	-1,126	0	0	0	-	-	-	-	-	-	2,914	4,363	3,805	0	0	0
Deferred revenue and other current liabilities
326	-558	-213	-854	-489	791	1,204	664	-276	-122	111	115	304	-482	-1,184	-1,834	902	365	1,853	2,733	0	0	0	-	-	0	0	-	-	-	0
Other liabilities
-1,835	-1,674	-1,158	-897	563	698	999	1,086	0	0	0	-	-	-	-	-110	-1,817	-460	-1,004	-1,064	0	0	0	-	-	-	-	-	-	-	-
Payable to Gaiam
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash used in operating activities - continuing operations
-	-	-	-	-	-	-	-	-17,736	-14,311	-11,567	-11,313	-5,562	-6,920	-10,267	-14,188	-18,552	-20,095	-20,300	-16,284	-15,943	-18,988	-13,851	-15,604	0	0	0	-	-	-	-
Net cash provided by (used in) operating activities - discontinued operations
-	-	-	-	-	-	-	-	-1,128	-1,232	-1,201	-981	256	-696	-1,467	1,230	4,975	3,580	-4,271	-14,433	0	0	0	-	-	-	-	-	-	-	-
Net cash used in operating activities
-11,944	-14,162	-13,627	-12,367	-11,920	-13,509	-14,342	-16,035	-18,864	-15,543	-12,768	-12,294	-5,306	-7,616	-11,734	-12,958	-13,577	-16,515	-24,571	-30,717	0	0	0	-	-	-	-	-13,056	0	0	0
Investing activities:
Payments related to POWERHOUSE license
2,062	2,160	2,080	2,121	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
83	24	25	25	-222	64	184	432	0	0	0	-	-	-	-	26	791	453	704	945	420	975	692	349	0	0	0	-	0	0	0
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	10	16	17	10	22	66	181	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-172	0	0	0
Cash from acquired businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,140	0	0	0	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities - continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,789	-1,515	0	0	0	-	-	-	-
Net cash provided by (used in) investing activities - discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-2,145	-2,184	-2,105	-2,146	-1,432	-1,697	-1,777	-1,959	-804	-429	-303	-50	134	146	169	155	107	578	2,691	11,979	0	0	0	-	-	-	-	-	0	0	0
Financing activities:
Proceeds from warrant exercises
1,445	10,314	9,674	9,614	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Transaction costs
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of warrants, net of costs
-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	137	0	0	0	-	-	-	-	-	-	-	-
Principal borrowings (payments) on revolving line of credit, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Proceeds from warrant exercises, net of costs
-	-	-	-	-	-	-	-	-	-	-	-	1,561	890	8,694	15,025	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of common stock, net of costs
-	-	-	-	-	-	988	16,187	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash released upon conversion of debt
-	-	-	-	-	-	-	173	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal borrowings on revolving line of credit
-	-	-	-	-	-	-	-	-	-	-	18,094	21,626	29,723	40,993	46,071	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on revolving line of credit
-	-	-	-	-	-	-	2,540	7,053	11,178	16,434	19,713	21,653	29,524	38,926	49,646	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on debt obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	9	105	163	187	0	0	0
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	5,309	2,622	10,761	11,450	12,942	19,591	11,761	8,236	27,032	20,798	22,049	20,209	0	0	0	-	-	-	-
Net cash provided by financing activities
6,295	16,501	17,567	19,174	17,287	7,002	2,345	16,224	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net decrease in cash
-	0	1,835	-	-	-8,204	-13,774	-1,770	3,280	9,255	13,889	2,346	137	-4,848	-804	-1,353	-528	3,654	-10,119	-10,502	-533	-5,175	7,589	2,059	-1,525	264	-4,166	-1,423	0	0	0
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21	0	0	0	-	47	56	56	58	24	-1	34	38	0	0	0
Interest paid
-	-	-	-	-	-	-	-	-	-	-	212	198	198	204	249	494	662	631	709	569	168	304	254	538	682	604	538	0	0	0
Non-cash items
Transaction costs paid through AP
-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Convertible notes interest paid with common stock
-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock warrant liability recorded in conjunction with equity funding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,246	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from accounts payable to other liabilities for amounts paid by insurance carrier
-	-	-	-	-	-	-	-	-	-	-	1,510	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of accounts payable to vendor line of credit
-	-	-	-	-	-	-	-	-	-	-	1,675	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in common stock warrant liability in conjunction with exercise/extinguishment of warrants
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of Class A common stock for conversion of 2018 Notes
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of Class A common stock for exercise of common stock warrants
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recognition of right-of-use asset upon adoption of ASC 842
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recognition of lease liability upon adoption of ASC 842
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of 567,731 shares of Class A common stock in conjunction with the acquisition of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Change in common stock warrant liability in conjunction with exercise/extinguishment of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-