Seaspine holdings corporation (SPNE)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

-12,551

-8,588

-9,663

-12,036

-8,989

-9,526

-9,532

-7,361

-7,105

-7,507

-7,462

-8,043

-9,103

-9,768

-9,454

-11,983

-12,007

-13,750

-14,199

-17,685

-9,898

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

2,608

2,418

2,473

2,686

2,770

2,745

2,681

2,626

2,643

2,687

2,742

2,727

2,715

2,774

2,736

3,086

3,162

3,276

3,277

2,887

3,005

Instrument replacement expense

379

668

646

438

548

518

400

555

345

654

422

230

494

439

190

171

589

284

448

296

200

Impairment of spinal instruments

-

-

-

-

-

-

-

0

0

-

-

-

-

0

247

569

103

0

175

0

0

Impairment of Intangible Assets, Finite-lived

1,325

0

0

4,993

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Asset Impairment Charges

234

-

-

-

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for excess and obsolete inventories

2,104

1,265

1,029

588

741

490

1,418

859

663

1,170

432

1,706

1,091

1,345

405

1,127

2,525

1,258

4,630

1,009

430

Amortization of debt issuance costs

19

19

19

19

19

19

25

34

35

35

35

34

35

34

34

36

35

0

0

0

0

Deferred income tax provision

14

109

162

8

6

90

-27

19

44

-181

52

33

18

70

8

-53

-35

-282

0

0

0

Stock-based compensation

1,983

1,899

1,990

1,970

1,947

2,351

1,671

943

835

1,562

1,797

1,482

1,226

1,032

1,819

1,613

1,974

2,041

1,578

108

89

(Gain)/loss from change in fair value of contingent consideration liabilities

-16

308

-65

-570

64

-909

-176

-791

74

-78

-1,242

160

185

-270

0

0

0

-

-

-

-

Non-cash lease expense, net

40

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allocation of non-cash charges from Integra

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-24

340

247

Changes in assets and liabilities:
Accounts receivable

-4,853

1,090

744

2,329

458

-314

-204

390

-1,255

2,017

-1,958

2,176

-1,623

-113

-1,658

27

-2,551

-95

1,748

2,876

-2,525

Inventories

2,354

-489

1,697

1,826

2,890

8

1,369

149

1,928

608

-877

714

-1,651

-1,317

-96

-1,013

1,022

-387

4,162

5,436

-846

Prepaid expenses and other current assets

-937

184

918

75

-757

341

258

624

-260

-442

-657

819

491

-826

430

53

-1,534

8,479

-6,193

943

-362

Other non-current assets

7

48

0

1

1

31

106

112

0

-83

1

-10

20

23

-97

96

-101

-7,499

7,377

-1,217

4

Accounts payable

3,458

-3,575

246

-1,911

3,782

-1,903

1,120

1,889

754

-920

-1,337

1,047

-870

-1,065

-258

-289

-3,394

-

-

-

676

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-726

316

247

-157

Accrued commissions

-2,021

467

1,164

915

-161

691

-412

658

-1,278

1,228

-237

-32

435

443

-516

439

-200

-

-

-

-478

Other accrued expenses and current liabilities

-3,628

987

1,884

526

-3,423

1,399

2,613

-298

-1,417

30

1,216

785

599

-1,122

471

1,095

-277

-3,310

7,046

-3,286

2,866

Other non-current liabilities

-7

-327

137

15

85

-430

-17

-17

174

371

-78

-18

60

-9

-9

43

170

2,020

-1,889

-3

-101

Net cash used in operating activities

-2,710

-5,147

-3,367

-6,590

-5,173

-3,957

-1,816

-2,139

-4,646

-4,513

-169

-3,588

-352

-3,864

-2,906

-3,309

-4,191

-3,115

-5,736

-24,323

608

INVESTING ACTIVITIES:
Purchases of property and equipment

2,196

2,497

5,437

2,692

2,208

1,783

3,163

1,711

1,691

1,928

2,545

2,071

902

1,862

2,261

2,463

983

1,729

2,759

3,496

3,571

Payments to Acquire Intangible Assets

850

-

-

-

0

-

-

-

-

0

0

0

200

0

1,150

0

0

-

-

-

-

Payments to Acquire Debt Securities, Available-for-sale

25,007

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Sale and Maturity of Debt Securities, Available-for-sale

0

5,000

10,000

10,000

5,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-28,053

2,503

4,563

7,308

2,792

-31,539

-3,163

-1,711

-1,691

-1,928

-2,545

-2,071

-1,102

-1,862

-3,411

-2,463

-983

-1,729

-2,909

-3,496

-3,571

FINANCING ACTIVITIES:
Repayments of short term debt

-

-

-

-

-

-

-

-

-

0

0

67

378

379

378

0

0

-

-

-

-

Proceeds from issuance of common stock, net of offering costs- ATM transactions

91,622

0

0

0

0

54,097

0

0

8,514

0

10,991

4,566

0

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

902

-

11

76

143

-

636

250

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock for income tax withheld upon vesting of restricted stock awards and restricted stock units

1,855

59

162

59

1,849

27

68

20

512

2

2

1

45

135

23

0

2

-

-

-

-

Payment of contingent consideration liabilities in connection with acquisition of business

33

42

42

26

30

24

46

28

39

23

0

0

0

-

-

-

-

-

-

-

-

Other financing activity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Integra net investment prior to the spin-off

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,024

40,187

2,962

Net cash provided by (used in) financing activities

90,636

438

-193

662

-1,736

47,964

3,522

4,748

7,963

508

6,969

4,986

-423

-179

4,101

356

-2

-80

34,061

40,187

2,962

Effect of exchange rate changes on cash and cash equivalents

-66

91

-152

31

-64

-17

-24

-105

56

32

147

234

37

-337

37

-199

349

-150

70

1

-3

Net change in cash and cash equivalents

59,807

-2,115

851

1,411

-4,181

12,451

-1,481

793

1,682

-5,901

4,402

-439

-1,840

-6,242

-2,179

-5,615

-4,827

-5,074

25,486

12,369

-4

Fair value of contingent consideration liabilities in connection with acquisition of business (see Note 6)

-

-

-

-

-

-

-

-

-

-

-

0

2,548

7,980

0

0

0

-

-

-

-

Interest Paid, Excluding Capitalized Interest, Operating Activities

38

-

-

-

38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest Paid, Including Capitalized Interest, Operating and Investing Activities

-

-

-

-

-

-

-

40

30

-

-

-

-

-

-

-

-

-

-

-

-

Income Taxes Paid, Net

14

-

10

82

6

-

8

121

-3

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of bonus in payment of restricted stock units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Non-cash investing activities:
Property and equipment in liabilities

1,055

-645

-2,246

1,713

1,891

435

-1,026

1,105

459

-47

-1,303

1,243

1,032

-754

103

455

998

-781

888

-10

541