Tabula rasa healthcare, inc. (TRHC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Cash flows from operating activities:
Net loss

-14,437

-6,824

-8,104

-6,529

-10,979

-10,565

10,416

-29,026

-18,094

10,902

6,165

-1,683

-2,593

-5,302

-142

-286

209

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

9,913

9,757

9,142

9,078

6,299

4,692

4,096

3,966

4,048

3,782

2,166

1,799

1,765

1,700

1,276

1,135

1,004

Amortization of deferred financing costs and debt discount

3,252

3,188

3,086

3,028

1,575

37

25

20

21

20

26

24

22

24

79

596

580

Payment of imputed interest on debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,304

273

316

Deferred taxes

-3,367

-5,604

-4,116

-3,252

-3,381

888

-1,469

-2,973

-94

-2,323

-7,382

143

95

525

-160

111

22

Stock-based compensation

7,137

6,295

7,225

6,906

6,852

3,240

2,996

2,180

1,945

976

939

3,016

3,821

3,769

223

131

127

Change in fair value of warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-626

121

-134

Change in fair value of acquisition-related contingent consideration

700

-700

1,510

1,830

1,176

9,083

-8,419

35,283

13,521

-7,133

923

16

21

-484

47

45

54

Acquisition-related contingent consideration paid

-

0

30

22

24,428

-

-

-

-

-

-

-

-

-

-

-

-

Other noncash items

-

-8

0

0

-12

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities, net of effect from acquisitions:
Accounts receivable, net

7,114

-1,861

-1,966

-875

3,258

2,421

2,840

910

3,285

406

-730

-74

2,163

-973

1,682

222

-175

Inventories

1,435

-114

131

-28

117

-19

225

717

-124

14

-421

181

110

302

-240

560

-15

Rebates receivable

-

-

-

-

-

-

-

-

-

-

17

10

3

-

-446

-296

-17

Prepaid expenses and other current assets

-4,625

5,079

1,158

-561

2,029

-3,264

2,763

1,647

505

-313

242

-499

275

669

-93

45

162

Other assets

-54

216

-87

-214

354

727

-71

86

-282

-

-

-

1

-172

247

-110

34

Accounts payable

1,528

-2,022

-216

-4,113

-1,458

4,385

-3,106

-287

-1,770

-

-

-

-

856

-1,120

574

355

Accrued expenses and other liabilities

-1,633

238

-187

2,197

3,464

-5,822

6,621

-2,264

4,064

-648

1,304

674

1,296

-1,508

1,094

-1,659

905

Other long-term liabilities

-20

-20

-20

-20

-20

514

57

-16

-48

-22

-34

364

102

232

-2,050

2,305

1,718

Net cash used in operating activities

-797

996

9,054

10,781

-26,646

6,587

5,482

3,552

209

6,608

4,884

4,839

1,977

4,297

-4,437

2,379

4,535

Cash flows from investing activities:
Purchases of property and equipment

763

2,272

1,694

2,489

1,019

1,504

920

1,442

1,122

685

668

1,085

865

866

46

489

2,412

Software development costs

4,228

4,202

3,667

3,988

2,630

1,994

1,409

1,095

1,060

1,091

709

714

800

653

625

328

248

Proceeds from repayment of note receivable

-

0

0

0

1,000

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-200

Acquisitions of businesses, net of cash acquired

-

0

0

36

158,726

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-4,991

-6,474

-6,563

-6,513

-161,375

-14,750

-17,352

-9,524

-2,182

-1,775

-35,829

-1,799

-1,665

-6,119

-1,671

-846

-2,460

Cash flows from financing activities:
Payments for repurchase of common stock

-

-

-

-

-

0

0

0

2,866

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

1,153

1,199

967

499

1,037

933

417

1,253

920

286

15

129

50

-

-

-

-

Payments for employee taxes for shares withheld

-

-

-

-

-

-

-

-

-

0

0

2,035

88

-

-

-

-

Payments for debt financing costs

-

-2

155

59

9,418

72

101

0

2

1

202

0

18

-

-

-

-

Borrowings on line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,500

2,500

2,000

Repayments of line of credit

-

0

0

0

45,000

-

-

-

-

-

-

-

-

-

-

-

-

Payments of equity offering costs

-

-

-

-

-

0

7

0

357

233

0

0

132

1,155

1,209

581

401

Payments of acquisition-related contingent consideration

-

-

-

-

-

-

-

-

-

600

0

0

1,498

0

0

0

1,895

Payments of acquisition-related consideration

-

-

-

1,620

18,722

-

-

0

1,646

-

-

-

-

0

0

0

180

Repayments of long-term debt and finance leases

49

211

216

265

276

272

265

260

254

-

-

-

-

-

-

-

-

Proceeds from issuance of convertible senior subordinated notes

-

0

0

0

325,000

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of warrants

-

0

0

0

65,910

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of convertible note hedges

-

0

0

0

101,660

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

-

-

-

-

-

-

-

-

-

-

190

169

166

33,760

10,944

1,327

1,338

Net cash provided by financing activities

1,104

990

-8,124

-1,445

216,871

19,245

18,544

8,993

-4,205

-342

34,073

-3,034

-1,852

4,174

3,602

479

-1,814

Net (decrease) increase in cash and restricted cash

-4,684

-4,488

-5,633

2,823

28,850

11,082

6,674

3,021

-6,178

4,491

3,128

6

-1,540

2,352

-2,506

2,012

261

Supplemental disclosure of cash flow information:
Acquisition of equipment under capital leases

-

-

-

-

-

0

0

0

442

-

-

0

50

135

389

763

318

Purchases of property and equipment and software development included in accounts payable and accrued expenses

223

-784

512

-1,309

1,600

-215

-62

62

390

490

-503

223

330

135

52

104

82

Deferred offering costs included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-874

-285

-296

1,587

Cash paid for interest

2,844

4

2,813

-120

484

469

130

78

43

453

40

55

51

556

6,286

844

771

Cash paid for taxes

49

64

38

275

4

-

-

-

-

-

-

-

-

-

-

-

-

Interest costs capitalized to property and equipment and software development costs

64

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Employee payroll taxes on exercise of stock options included in accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

1,970

-

-

-

-

Stock issued in connection with acquisitions

-

9,504

9,504

9,504

9,504

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of redeemable convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

605

-403