Sientra, inc. (SIEN)
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

-28,612

-20,247

-22,433

-37,654

-26,484

-24,631

-20,545

-18,028

-19,423

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-14,380

-20,390

-11,422

-

-9,964

-10,193

-11,937

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-28,250

-6,604

-2,992

-3,384

-3,197

-1,452

-160

-1,002

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

6,432

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

1,228

986

813

894

831

821

800

820

880

997

878

589

570

443

309

281

144

86

79

70

83

79

71

62

63

Provision for doubtful accounts

357

494

959

503

342

1,047

507

256

233

409

57

19

8

53

53

31

300

193

36

-16

20

-

-

-

-

Provision for sales return reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67

1,698

208

Provision for warranties

236

86

169

401

273

323

-570

389

183

161

14

62

57

-62

59

59

15

-60

159

143

143

84

117

131

115

Provision for inventory

1,081

417

1,419

501

289

247

-1

510

199

2,657

518

-157

107

804

128

128

263

114

300

34

21

-

-

-

15

Fair value adjustments of liabilities held at fair value

-91

-

-

-

-98

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of acquired inventory step-up

-

-

-

-

-

-

0

47

59

-

385

216

201

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of warrants

-

-

-

-

-

-414

169

285

-121

-56

68

92

-9

-18

51

-9

15

-86

-562

206

82

85

42

44

49

Change in fair value of contingent consideration

-

-

-

-

-

350

470

1,087

621

367

305

399

64

-

-

-

-

-

-

-

-

-

-

-

-

Change in deferred revenue

-

-

-

-

-

352

436

-62

-99

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt discount and issuance costs

-

-

-

-

-

42

47

34

51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense

-

-

-

-

-

-

-

-

-

-

-

-

8

-20

11

11

1

-1

1,099

145

143

140

142

93

115

Stock-based compensation expense

2,133

2,797

3,070

2,911

3,700

3,747

4,391

3,138

2,548

1,989

1,595

1,822

1,360

606

966

925

739

623

677

539

543

226

169

121

78

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2

0

-122

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-91

16

29

25

-

-

-

-

-

-

-

-

-

-

-

-

Payments of contingent consideration liability in excess of acquisition-date fair value

-

0

1,338

0

630

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash adjustments

-397

-

-

-

-56

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-1,766

3,252

1,862

-377

2,583

4,618

3,133

608

5,735

2,301

-364

318

-365

126

461

-278

-1,236

796

-3,253

1,273

469

-990

-726

1,208

-367

Inventories

3,720

2,592

1,884

3,072

3,373

1,317

422

1,214

1,191

-318

508

-739

-977

-1,254

270

-1,127

-279

47

1,156

280

-585

926

-260

-680

-1,345

Prepaid expenses, other current assets and other assets

587

7,702

-624

1,831

-396

-866

-350

1,509

1,009

-2,796

-312

975

1,420

471

-516

175

399

-127

-677

531

126

-171

614

125

296

Accounts payable, accrueds, and other liabilities

-9,867

-

-

-

-75

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-1,284

-2,258

-107

-687

-956

-2,230

-1,681

-594

-8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Legal settlement payable

-

-

-

-

-

-

-

-

-

-

-

-

-10,900

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

-

-

-

-

-290

-1,032

335

-

-758

-1,213

-1,317

1,922

-632

-1,097

681

1,357

955

938

457

Sales return liability

592

553

543

-996

1,968

713

453

-3,424

4,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance recovery receivable

-

-

-

-

-

-6

0

-43

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance recovery receivable

-

-

-

-

-

-

-

-

-

-

-

-

9,301

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

1,722

2,550

-454

4,684

1,768

786

-408

-856

422

-351

-13

-622

1,251

815

393

-913

549

-1,546

-580

-689

Accrued and other liabilities

-

-

-

-

-

4,096

2,146

695

948

-395

-1,035

1,608

3,040

-1,882

32

1,664

-1,236

489

412

1,052

-382

1,216

406

829

-1,066

Legal settlement payable

-

0

0

0

-410

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-27,189

-13,530

-24,873

-23,984

-24,646

-14,772

-10,261

-18,383

-12,774

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-8,189

-

-8,011

-7,099

-12,397

-10,157

-1,447

-3,607

-2,973

-1,096

-657

2,444

-241

Purchase of property and equipment

1,206

891

1,124

1,446

610

441

254

18

142

691

-407

628

952

210

42

268

606

284

333

374

137

119

171

138

11

Business acquisitions, net of cash and restricted cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

4,950

0

0

6,759

-

-

-

-

-

-

-

-

Net cash used in investing activities

-1,206

-18,834

-1,124

-1,446

-610

-441

-254

-18

-142

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities:
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-952

-

-42

-268

-7,365

-284

-333

-374

-137

-119

-171

-138

-11

Proceeds from option exercises and employee stock purchase plan

534

10

9

-683

789

-

-

-

-

19

231

344

752

13

853

33

24

6

21

54

38

29

0

5

4

Net proceeds from issuance of common stock

264

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock under ESPP

-

-

-

-

-

0

602

0

391

0

323

0

324

0

323

0

430

-

-

-

-

-

-

-

-

Tax payments related to shares withheld for vested restricted stock units (RSUs)

1,201

108

131

100

2,725

216

122

1

1,296

156

0

179

390

-

-

-

-

-

-

-

-

-

-

-

-

Gross borrowings under the Revolving Loan

-

6,508

7,352

4,253

4,183

0

0

3,076

9,033

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred equity issuance costs, IPO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

1

0

71

-

-

-

-

Repayment of the Revolving Loan

6,508

7,352

4,253

2,618

1,565

0

0

6,374

5,735

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of the Convertible Note

60,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of contingent consideration up to acquisition-date fair value

-

0

5,396

0

370

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs

240

-

-

-

-

0

16

0

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

52,849

-943

824

109,563

312

-896

904

114,961

2,387

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

24,454

-33,307

-25,173

84,133

-24,944

-16,109

-9,611

96,560

-10,529

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

686

-

1,176

33

454

-25,697

61,060

54

-33

78,128

-993

9,857

4

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-8,455

-

-6,877

-7,334

-19,308

-36,138

59,280

-3,927

-3,143

76,913

-1,821

12,163

-248

Supplemental disclosure of cash flow information:
Interest paid

1,067

1,074

1,184

928

903

594

1,179

761

586

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

314

519

526

525

525

456

281

315

Supplemental disclosure of non-cash investing and financing activities:
Property and equipment in accounts payable and accrued liabilities

222

-368

1,452

-612

273

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued equity issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-747

59

461

298

Property and equipment in accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

1,530

-

239

247

214

-

-

-

-

-14

-49

-76

161

-

-

-

-

Acquisition of business, deferred and contingent consideration obligations at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

1,050

0

0

550

-

-

-

-

-

-

-

-

Deferred financing costs in accrued liabilities

1,275

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of warrants to be issued

-

-

-

-

-

-

-

-

-

-

-

-

88

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2