Tilray, inc. (TLRY)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18
Operating activities
Net loss

-184,123

-220,137

-35,678

-35,053

-30,301

-31,009

-18,700

-12,833

-5,181

Adjusted for the following items:
Inventory valuation adjustments

4,044

-

-

-

-

-

-

-

-

Depreciation and amortization expenses

4,561

5,408

4,686

2,985

2,770

1,010

1,404

669

479

Impairment of assets

29,839

-

-

-

-

-

-

-

-

Stock-based compensation expenses

7,677

10,636

8,315

7,585

5,306

4,111

11,245

5,601

31

Change in fair value of warrant liability

71,978

-

-

-

-

-

-

-

-

Loss from equity method investments

-1,748

-

-

-

-

-

-

-

-

Loss (gain) from equity investments measured at fair value

-1,534

-

-

-

-

-

-

-

-

Loss from sale of investment

-65

-

-

-

-

-

-

-

-

Interest on debt securities

221

-

-

-

-

-

-

-

-

Deferred taxes

-1,272

-4,860

2,432

-2,642

-3,777

-

-

-

-

Amortization of discount on convertible notes

2,597

2,227

2,583

2,532

2,501

-

-

-

-

Amortization of transaction costs on Senior Facility

131

-

-

-

-

-

-

-

-

Foreign currency (gain) loss

-28,069

-

-

-126

214

-5,618

-3,309

3,549

-1,099

Accretion related to obligations under finance leases

-151

-

-

-

-

-

-

-

-

Issuance costs on registered offering recorded to net loss

3,953

-

-

-

-

-

-

-

-

Credit loss expenses

46

-

-

259

536

-

-

-

-

Provision for sales returns

-262

-

-

-

-

-

-

-

-

Non-cash interest expense

-

-

-

-463

322

-

-

-

-276

Loss on disposal of property and equipment

-457

-

-

-1

-111

-

-

-

-

Other non-cash items

-138

-

-

-

-

-

-

-

-

Changes in non-cash working capital:
Accounts receivable

1,906

1,718

11,109

5,023

-3,030

11,704

3,968

722

118

Other receivables

-

-

-

-

-

-

852

2,341

360

Inventory

11,594

28,885

35,029

25,746

12,983

1,472

7,802

-1,307

1,259

Prepayments and other current assets

-6,749

-8,395

22,644

29,820

2,143

-2,098

3,653

646

387

Accounts payable

-15,218

-18,770

38,081

927

-235

1,819

-4,620

4,472

3,547

Due to related parties

-

-

-

-72

-780

-

-

-

-

Accrued expenses and other current liabilities

-3,172

11,676

7,086

-2,207

11,660

3,890

3,939

1,441

148

Net cash used in operating activities

-54,031

-90,810

-57,028

-85,386

-24,841

-19,808

-23,535

-1,180

-1,725

Investing activities
Change in deposits and other assets

927

-

-

-

-

-

-

-172

195

Purchases of short-term and other investments

-

1,342,180

106

5,466

2,914

275,312

14,667

-230

29,624

Proceeds from the sale of other investments

437

-

-

-

-

-

-

-

-

Proceeds from sales and maturities of short-term investments

-

-

-

-

-

274,361

0

18

118

Purchases of property and equipment

18,290

23,320

24,158

17,246

9,017

12,122

9,839

15,381

12,856

Proceeds from disposal of property and equipment

661

-

-

-

-

-

-

-

-

Purchases of intangible assets

-

3,934

574

275

92

3,425

131

476

227

Net cash used in investing activities

-18,119

11,663

-66,267

-29,081

-169,496

-45,076

-24,591

13,831

-42,784

Financing activities
Proceeds from at-the-market equity offering, net of costs

27,027

-

-

-

-

-

-

-

-

Proceeds from ABG Profit Participation Arrangement

1,353

-

-

-

-

-

-

-

-

Proceeds from issuance of registered offering, net of issuance costs

85,465

-

-

-

-

-

-

-

-

Payment of ABG finance liability

1,000

-

-

-

-

-

-

-

-

Payment under Privateer Holdings debt facilities

-

-

-

-

-

-

-

-

95

Advances under Privateer Holdings debt and construction facilities

-

-

-

-

-

-

-

-

1,536

Proceeds from exercise of stock options

1,813

573

471

3,483

931

-

-

-

-

Payment of obligations under finance lease

105

-61

188

190

187

-

-

-

171

Payment on the settlement of stock options

748

-

-

-

-

-

-

-

-

Proceeds from issuance of Senior Facility, net of transaction costs

46,395

-

-

-

-

-

-

-

-

Repayment of Senior Facility

414

-

-

-

-

-

-

-

-

Proceeds from issuance of convertible notes, net of issuance costs

-

-

-

-

-

-

-

-

52,640

Net cash provided by financing activities

159,786

69,602

39,394

4,960

744

451,331

123,639

2,118

53,910

Effect of foreign currency translation on cash and cash equivalents

-10,437

6,177

-491

-147

543

-

-

-

416

Increase (decrease) in cash and cash equivalents

77,199

-3,368

-84,392

-109,654

-193,050

-

-

-

9,817

Supplemental Disclosure for Cash Flow Information
Cash paid for interest

-

-

5,834

11,706

73

-

357

331

242

Non-cash investing activities
Shares issued for employee compensation

-

-

-

-

649

-

-

-

-

Manitoba Harvest [Member]
Net loss

-

-

4,173

-2,692

-2,176

-

-

-

-

Acquisition of Manitoba Harvest, net of cash acquired

-

-

41,672

274

109,057

-

-

-

-

Acquisition of Manitoba Harvest

-

-

-37,490

0

195,407

-

-

-

-

Natura [Member]
Acquisition of Manitoba Harvest, net of cash acquired

-

-

0

0

15,083

-

-

-

-

Acquisition of Manitoba Harvest

-

-

0

0

38,980

-

-

-

-

Investment In ABG [Member]
Investment in ABG Profit Participation Arrangement

-

0

0

0

33,333

-

-

-

-

Investment in ABG Profit Participation Arrangement, net of receivable

-

-

0

0

94,805

-

-

-

-