Vericel corporation (VCEL)
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
Operating activities:
Net loss

-11,526

-9,665

-13,924

-18,463

-3,322

-8,137

-13,092

-17,430

-15,167

-17,286

-23,770

-25,038

-25,694

-19,566

-18,279

-16,020

-15,128

-16,340

-13,800

-16,301

-18,787

-19,920

0

0

0

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization

1,953

1,744

1,467

1,311

1,323

1,426

1,559

1,641

1,630

1,612

1,679

1,747

1,850

1,886

1,803

1,843

1,709

1,592

1,438

1,178

983

752

0

0

0

Stock compensation expense

14,319

13,179

11,579

10,226

8,509

7,223

6,366

5,189

3,520

2,680

2,579

2,478

2,513

2,499

2,532

2,452

2,313

2,747

2,374

2,002

1,491

839

0

0

0

Change in fair value of warrants

-

-

-

-

-

2,524

2,269

3,749

3,271

257

611

-246

-1,747

0

-167

-831

999

-324

-384

-872

-1,008

27

0

0

0

Inventory provision

-

-

-

-

-

-

-

-

-

-

0

0

213

-

0

0

0

-

-

-

-

-

-

-

-

Bargain purchase gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Gain (loss) on sale of fixed assets

-

-

-

-

-

-22

92

92

93

115

0

0

0

-

-

-

-

35

-104

-104

-104

-139

0

0

0

Foreign currency translation loss

-43

-42

-23

-15

-13

-51

-66

-73

-80

-37

-8

-7

4

-5

-79

-68

-93

-67

0

0

0

-

-

-

0

Amortization of premiums and discounts on marketable securities

415

610

856

735

542

327

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and interest accretion related to operating leases

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash lease cost

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Inventory

3,219

3,258

3,185

1,063

158

-235

-643

410

-146

305

576

836

2,091

2,108

2,072

1,028

581

86

654

316

-34

-119

0

0

0

Accounts receivable

5,397

8,714

4,430

3,585

5,612

5,184

98

2,770

1,035

1,177

7,559

5,698

2,458

6,174

232

51

503

2,728

3,657

4,672

9,114

8,139

0

0

0

Prepaid and other current assets

823

106

934

841

1,322

1,267

817

55

184

261

625

268

326

701

227

-1,422

-152

-572

-921

1,680

281

455

0

0

0

Accounts payable

285

-1,024

216

-290

-240

899

-1,505

-2,006

-1,290

-1,361

29

825

600

-1,076

452

-167

-710

1,726

1,943

-409

3,434

2,773

0

0

0

Accrued expenses

1,905

1,018

1,504

-274

308

1,493

1,078

976

-2,023

1,050

1,116

1,243

1,087

920

140

-17

970

-764

827

-1,392

2,827

3,007

0

0

0

Operating lease liabilities

-2,952

-2,512

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current assets and liabilities, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and liabilities, net

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Net cash provided by operating activities

-2,651

-7,183

-7,722

-13,601

-663

-412

-2,189

-9,443

-9,656

-13,183

-23,325

-22,266

-21,745

-19,892

-14,621

-11,157

-10,502

-13,346

-15,553

-23,258

-24,849

-25,410

0

0

0

Investing activities:
Purchases of short-term investments

58,082

63,092

68,372

98,951

77,235

66,549

44,480

-273

-70

0

-1,314

-801

57

0

0

0

-340

-

2,330

4,055

1,803

1,450

0

0

0

Maturities of short term investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of short-term investments

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenditures for property, plant and equipment

3,101

2,616

2,832

2,923

2,726

2,678

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-93

-93

-35

-136

-136

-136

-101

0

0

0

Net cash provided by investing activities

8,695

10,615

4,773

-54,197

-51,181

-67,027

-47,299

-2,216

-1,624

-1,510

-893

-707

-1,565

-1,415

-1,411

-1,853

-1,994

-2,392

-2,941

-4,734

-2,496

-2,178

0

0

0

Financing activities:
Net proceeds from equity offering

-

-

-

-

-

-

-

-

-

0

-469

-352

-187

0

0

0

0

-

0

0

0

-

0

0

0

Net proceeds from common stock issuance due to stock option exercises

4,708

5,286

4,813

4,324

4,374

4,361

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on employee's behalf for taxes related to vesting of restricted stock unit awards

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of warrants

-

-

-

-

-

2,716

6,726

5,975

5,737

4,010

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37

35

35

28

19

13

8

0

0

0

Fee on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-97

0

0

0

0

-

-

-

-

-

-

-

-

Repayments of short-term debt

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other

-27

-26

-6

20

2

0

229

-9

-8

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

4,584

5,260

-13,435

-13,209

57,151

58,863

87,311

92,587

21,210

18,577

30,804

27,179

29,613

29,704

6,188

2,627

137

-24

-319

41,001

44,466

49,926

0

0

0

Net increase in cash, cash equivalents, and restricted cash

10,628

8,692

-16,384

-81,007

5,307

-8,576

37,823

80,928

9,930

3,884

6,586

4,206

6,303

8,397

-9,844

-10,383

-12,359

-15,762

-18,854

12,955

17,067

22,284

0

0

0

Supplemental cash flow information (non-cash):
Additions to equipment in process included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

0

Stock Issued

-

-

-

-

-

-

-

-

-

-

-

-

-

3,150

0

0

0

-

-

-

-

-

-

-

-

Warrants exchanged for common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

965

0

0

0

Interest paid, net of interest capitalized

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-