SeaSpine Holdings Corporation SPNE Cash Flow

Seaspine holdings corporation (SPNE)

CashFlow / TTM

Mar'20	Dec'19	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
OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent
-42,838	-39,276	-40,214	-40,083	-35,408	-33,524	-31,505	-29,435	-30,117	-32,115	-34,376	-36,368	-40,308	-43,212	-47,194	-51,939	-57,641	-55,532	0	0	0
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
10,185	10,347	10,674	10,882	10,822	10,695	10,637	10,698	10,799	10,871	10,958	10,952	11,311	11,758	12,260	12,801	12,602	12,445	0	0	0
Instrument replacement expense
2,131	2,300	2,150	1,904	2,021	1,818	1,954	1,976	1,651	1,800	1,585	1,353	1,294	1,389	1,234	1,492	1,617	1,228	0	0	0
Impairment of spinal instruments
-	-	-	-	-	-	-	0	0	-	-	-	-	919	919	847	278	175	0	0	0
Impairment of Intangible Assets, Finite-lived
6,318	4,993	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Asset Impairment Charges
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for excess and obsolete inventories
4,986	3,623	2,848	3,237	3,508	3,430	4,110	3,124	3,971	4,399	4,574	4,547	3,968	5,402	5,315	9,540	9,422	7,327	0	0	0
Amortization of debt issuance costs
76	76	76	82	97	113	129	139	139	139	138	137	139	139	105	71	35	0	0	0	0
Deferred income tax provision
293	285	266	77	88	126	-145	-66	-52	-78	173	129	43	-10	-362	-370	-317	-282	0	0	0
Stock-based compensation
7,842	7,806	8,258	7,939	6,912	5,800	5,011	5,137	5,676	6,067	5,537	5,559	5,690	6,438	7,447	7,206	5,701	3,816	0	0	0
(Gain)/loss from change in fair value of contingent consideration liabilities
-343	-263	-1,480	-1,591	-1,812	-1,802	-971	-2,037	-1,086	-975	-1,167	75	-85	-270	0	0	0	-	-	-	-
Non-cash lease expense, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allocation of non-cash charges from Integra
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	563	0	0	0
Changes in assets and liabilities:
Accounts receivable
-690	4,621	3,217	2,269	330	-1,383	948	-806	980	612	-1,518	-1,218	-3,367	-4,295	-4,277	-871	1,978	2,004	0	0	0
Inventories
5,388	5,924	6,421	6,093	4,416	3,454	4,054	1,808	2,373	-1,206	-3,131	-2,350	-4,077	-1,404	-474	3,784	10,233	8,365	0	0	0
Prepaid expenses and other current assets
240	420	577	-83	466	963	180	-735	-540	211	-173	914	148	-1,877	7,428	805	1,695	2,867	0	0	0
Other non-current assets
56	50	33	139	250	249	135	30	-92	-72	34	-64	42	-79	-7,601	-127	-1,440	-1,335	0	0	0
Accounts payable
-1,782	-1,458	214	1,088	4,888	1,860	2,843	386	-456	-2,080	-2,225	-1,146	-2,482	-5,006	0	0	0	-	-	-	0
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-320	0	0	0
Accrued commissions
525	2,385	2,609	1,033	776	-341	196	371	-319	1,394	609	330	801	166	0	0	0	-	-	-	0
Other accrued expenses and current liabilities
-231	-26	386	1,115	291	2,297	928	-469	614	2,630	1,478	733	1,043	167	-2,021	4,554	173	3,316	0	0	0
Other non-current liabilities
-182	-90	-193	-347	-379	-290	511	450	449	335	-45	24	85	195	2,224	344	298	27	0	0	0
Net cash used in operating activities
-17,814	-20,277	-19,087	-17,536	-13,085	-12,558	-13,114	-11,467	-12,916	-8,622	-7,973	-10,710	-10,431	-14,270	-13,521	-16,351	-37,365	-32,566	0	0	0
INVESTING ACTIVITIES:
Purchases of property and equipment
12,822	12,834	12,120	9,846	8,865	8,348	8,493	7,875	8,235	7,446	7,380	7,096	7,488	7,569	7,436	7,934	8,967	11,555	0	0	0
Payments to Acquire Intangible Assets
0	-	-	-	0	-	-	-	-	200	200	1,350	1,350	1,150	0	0	0	-	-	-	-
Payments to Acquire Debt Securities, Available-for-sale
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale
25,000	30,000	25,000	15,000	5,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-13,679	17,166	-16,876	-24,602	-33,621	-38,104	-8,493	-7,875	-8,235	-7,646	-7,580	-8,446	-8,838	-8,719	-8,586	-8,084	-9,117	-11,705	0	0	0
FINANCING ACTIVITIES:
Repayments of short term debt
-	-	-	-	-	-	-	-	-	445	824	1,202	1,135	757	0	0	0	-	-	-	-
Proceeds from issuance of common stock, net of offering costs- ATM transactions
91,622	0	54,097	54,097	54,097	62,611	8,514	19,505	24,071	15,557	0	0	0	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock for income tax withheld upon vesting of restricted stock awards and restricted stock units
2,135	2,129	2,097	2,003	1,964	627	602	536	517	50	183	204	203	160	0	0	0	-	-	-	-
Payment of contingent consideration liabilities in connection with acquisition of business
143	140	122	126	128	137	136	90	62	23	0	0	0	-	-	-	-	-	-	-	-
Other financing activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Integra net investment prior to the spin-off
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net cash provided by (used in) financing activities
91,543	-829	46,697	50,412	54,498	64,197	16,741	20,188	20,426	12,040	11,353	8,485	3,855	4,276	4,375	34,335	74,166	77,130	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-96	-94	-202	-74	-210	-90	-41	130	469	450	81	-29	-462	-150	37	70	270	-82	0	0	0
Net change in cash and cash equivalents
59,954	-4,034	10,532	8,200	7,582	13,445	-4,907	976	-256	-3,778	-4,119	-10,700	-15,876	-18,863	-17,695	9,970	27,954	32,777	0	0	0
Fair value of contingent consideration liabilities in connection with acquisition of business (see Note 6)
-	-	-	-	-	-	-	-	-	-	-	10,528	10,528	7,980	0	0	0	-	-	-	-
Interest Paid, Excluding Capitalized Interest, Operating Activities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Paid, Including Capitalized Interest, Operating and Investing Activities
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income Taxes Paid, Net
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of bonus in payment of restricted stock units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Non-cash investing activities:
Property and equipment in liabilities
-123	713	1,793	3,013	2,405	973	491	214	352	925	218	1,624	836	802	775	1,560	1,095	638	0	0	0