Sientra, inc. (SIEN)
CashFlow / TTM
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

-108,946

-106,818

-111,202

-109,314

-89,688

-82,627

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

0

0

-39,651

-

0

0

0

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-41,230

-16,177

-11,025

-8,193

-5,811

0

0

0

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

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

3,921

3,524

3,359

3,346

3,272

3,321

3,497

3,575

3,344

3,034

2,480

1,911

1,603

1,177

820

590

379

318

311

303

295

275

0

0

0

Provision for doubtful accounts

2,313

2,298

2,851

2,399

2,152

2,043

1,405

955

718

493

137

133

145

437

577

560

513

233

0

0

0

-

-

-

-

Provision for sales return reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Provision for warranties

892

929

1,166

427

415

325

163

747

420

294

71

116

113

71

73

173

257

385

529

487

475

447

0

0

0

Provision for inventory

3,418

2,626

2,456

1,036

1,045

955

3,365

3,884

3,217

3,125

1,272

882

1,167

1,323

633

805

711

469

0

0

0

-

-

-

0

Fair value adjustments of liabilities held at fair value

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of acquired inventory step-up

-

-

-

-

-

-

0

0

857

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of warrants

-

-

-

-

-

-81

277

176

-17

95

133

116

15

39

-29

-642

-427

-360

-189

415

253

220

0

0

0

Change in fair value of contingent consideration

-

-

-

-

-

2,528

2,545

2,380

1,692

1,135

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in deferred revenue

-

-

-

-

-

627

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt discount and issuance costs

-

-

-

-

-

174

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense

-

-

-

-

-

-

-

-

-

-

-

-

10

3

22

1,110

1,244

1,386

1,527

570

518

490

0

0

0

Stock-based compensation expense

10,911

12,478

13,428

14,749

14,976

13,824

12,066

9,270

7,954

6,766

5,383

4,754

3,857

3,236

3,253

2,964

2,578

2,382

1,985

1,477

1,059

594

0

0

0

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-124

0

0

0

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-21

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

1,968

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash adjustments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

2,971

7,320

8,686

9,957

10,942

14,094

11,777

8,280

7,990

1,890

-285

540

-56

-927

-257

-3,971

-2,420

-715

-2,501

26

-39

-875

0

0

0

Inventories

11,268

10,921

9,646

8,184

6,326

4,144

2,509

2,595

642

-1,526

-2,462

-2,700

-3,088

-2,390

-1,089

-203

1,204

898

1,777

361

-599

-1,359

0

0

0

Prepaid expenses, other current assets and other assets

9,496

8,513

-55

219

-103

1,302

-628

-590

-1,124

-713

2,554

2,350

1,550

529

-69

-230

126

-147

-191

1,100

694

864

0

0

0

Accounts payable, accrueds, and other liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-4,336

-4,008

-3,980

-5,554

-5,461

-4,513

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Legal settlement payable

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

-

-

-

-

0

0

-1,508

-

-1,366

-1,240

-1,124

874

309

1,896

3,931

3,707

0

0

0

Sales return liability

692

2,068

2,228

2,138

-290

2,142

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance recovery receivable

-

-

-

-

-

-39

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance recovery receivable

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

8,502

8,548

6,784

6,830

1,290

-56

-1,193

-798

-564

265

1,431

1,837

1,546

844

-1,517

-2,490

-2,266

0

0

0

Accrued and other liabilities

-

-

-

-

-

7,885

3,394

213

1,126

3,218

1,731

2,798

2,854

-1,422

949

1,329

717

1,571

2,298

2,292

2,069

1,385

0

0

0

Legal settlement payable

-

-410

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-89,576

-87,033

-88,275

-73,663

-68,062

-56,190

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-30,222

-

-37,664

-31,100

-27,608

-18,184

-9,123

-8,333

-2,282

450

0

0

0

Purchase of property and equipment

4,667

4,071

3,621

2,751

1,323

855

1,105

444

1,054

1,864

1,383

1,832

1,472

1,126

1,200

1,491

1,597

1,128

963

801

565

439

0

0

0

Business acquisitions, net of cash and restricted cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

11,709

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-22,610

-22,014

-3,621

-2,751

-1,323

-855

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-6,422

-

-7,959

-8,250

-8,356

-1,128

-963

-801

-565

-439

0

0

0

Proceeds from option exercises and employee stock purchase plan

-130

125

0

0

0

-

-

-

-

1,346

1,340

1,962

1,651

923

916

84

105

119

142

121

72

38

0

0

0

Net proceeds from issuance of common stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock under ESPP

-

-

-

-

-

993

993

714

714

647

647

647

647

753

0

0

0

-

-

-

-

-

-

-

-

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

1,540

3,064

3,172

3,163

3,064

1,635

1,575

1,453

1,631

725

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gross borrowings under the Revolving Loan

-

22,296

15,788

8,436

7,259

12,109

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred equity issuance costs, IPO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

0

0

0

-

-

-

-

Repayment of the Revolving Loan

20,731

15,788

8,436

4,183

7,939

12,109

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of the Convertible Note

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of contingent consideration up to acquisition-date fair value

-

5,766

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs

0

-

-

-

-

22

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

162,293

109,756

109,803

109,883

115,281

117,356

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

50,107

709

17,907

33,469

45,896

60,311

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

1,908

-

-24,034

35,850

35,871

35,384

139,209

77,156

86,959

86,996

0

0

0

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-34,736

-

-69,657

-3,500

-93

16,072

129,123

68,022

84,112

87,007

0

0

0

Supplemental disclosure of cash flow information:
Interest paid

4,253

4,089

3,609

3,604

3,437

3,120

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,884

2,095

2,032

1,787

1,577

0

0

0

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

694

745

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued equity issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

0

0

0

Property and equipment in accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

2,404

-

0

0

0

-

-

-

-

22

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

1,600

0

0

0

-

-

-

-

-

-

-

-

Deferred financing costs in accrued liabilities

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of warrants to be issued

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0