Vocera communications, inc. (VCRA)
CashFlow / Quarterly
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'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities
Net loss

-10,470

-1,686

298

-4,857

-11,735

-1,101

-249

-3,554

-4,770

374

1,391

-6,012

-6,650

-3,913

-1,197

-2,706

-3,584

-2,984

-4,464

-5,171

-4,487

-7,009

-7,891

-7,008

-6,389

-1,842

-3,102

-2,022

-3,499

811

1,737

1,181

-836

-237

-900

-1,497

155

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

1,333

1,581

1,911

1,907

1,890

1,994

1,892

1,809

1,967

1,888

1,964

1,987

1,804

1,499

815

730

726

786

831

809

845

783

737

760

734

744

687

575

536

683

654

725

553

1,489

212

148

161

Amortization of purchased intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

253

252

250

Non-cash interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

30

36

-14

-21

27

12

0

-

-

-

-

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-25

1

0

-3

0

0

0

0

Bad debt expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

5

-14

23

-

-

-

-

-

-

-

-

Allowance for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1

52

-9

Inventory provision

42

-

-

-

0

-

-

-

-

201

93

35

51

43

6

116

3

15

4

4

95

13

246

36

15

0

66

44

26

17

66

137

4

545

0

15

3

Change in lease-related performance liabilities

-346

-322

-279

-306

-266

-1,296

866

-284

-284

-266

-175

-254

-169

-180

-181

-256

-194

-237

-198

-224

-266

-163

-188

-138

-106

-103

-104

0

0

-

-

-

-

-

-

-

-

Stock-based compensation expense

5,841

6,043

6,169

6,109

5,544

5,487

5,494

5,396

4,587

4,992

4,718

4,903

3,583

3,444

2,900

3,145

2,546

2,476

3,191

2,744

2,594

2,924

2,784

2,778

2,598

2,554

2,393

2,016

1,704

-

-

-

317

892

199

214

153

Amortization of debt discount and issuance costs

1,735

1,726

1,693

1,637

1,582

1,598

1,568

733

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

729

460

405

127

24

-2

0

-1

25

-2

14

2

12

99

-63

3

3

40

18

317

144

51

-10

-16

106

-

-

-

-

-

-

-

-

-

-

-

-

Non-employee stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

-

444

11

0

Excess tax benefits from employee stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-175

257

25

300

0

0

-

-

-

-

Change in fair value of warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-3,337

1,706

-1,896

-286

734

467

Change in fair value of option liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37

-24

254

183

Changes in operating assets and liabilities:
Accounts receivable

-16,264

5,781

7,064

5,256

-15,681

3,144

3,494

3,293

-4,914

-347

10,409

472

429

5,155

-1,349

4,688

-8,172

7,144

961

730

-3,760

2,099

-3,504

-684

-3,571

3,285

1,171

4,194

-6,789

1,054

2,721

2,096

45

-869

1,500

3,541

2,498

Other receivables

102

-123

719

312

1,156

1,852

771

273

-86

216

-37

13

-72

20

-17

-226

103

-221

104

-296

647

-174

-192

259

-81

-74

517

106

-115

221

-1,229

430

161

-170

60

-162

346

Inventories

1,494

242

-783

-803

1,637

1,035

-246

346

763

-99

-304

-197

-761

489

-277

870

903

807

178

-945

-672

-756

62

-889

-311

868

651

-309

1,819

-439

362

-26

-264

1,174

50

290

-411

Prepaid expenses and other assets

417

-415

754

127

414

-13

1,277

-1,867

1,195

-673

718

285

536

143

784

-448

354

27

-41

-307

616

-641

463

-242

750

-444

-685

-249

932

397

-595

799

747

-397

-483

410

733

Deferred commissions

-171

510

49

-404

19

828

146

-405

-567

-902

991

131

-341

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long term assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

258

0

0

Accounts payable

-2,826

2,681

-365

332

-1,173

1,092

619

-1,999

1,815

-175

186

-484

-138

584

-962

-20

568

-167

566

-824

1,475

-633

-472

308

-881

643

-85

-1

133

86

799

-88

-1,942

2,867

413

-415

104

Increase (Decrease) in Other Accrued Liabilities

-17

-341

584

-985

-1,689

760

867

771

-5,027

-2,029

1,381

2,452

-2,908

2,116

269

2,535

-2,565

2,616

845

2,113

-2,813

479

1,174

434

-987

1,234

-13

736

-3,844

1,701

482

526

94

-

-

-

-

Deferred revenue

-4,799

5,296

3,574

-340

-5,687

4,325

899

-952

-790

6,121

-922

-471

706

4,638

1,023

1,954

-752

5,522

172

-73

-1,477

3,257

676

-132

-974

2,483

988

1,902

-1,175

2,836

505

1,470

1,029

1,855

1,572

1,568

1,306

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-884

3,346

-1,593

Warranty reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66

133

-14

Other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

18

0

Net cash used in operating activities

5,644

9,510

6,187

-864

945

6,373

6,514

279

1,132

12,909

-3,127

1,454

-3,500

3,617

3,469

617

3,563

310

-237

513

-721

-826

227

-1,422

-2,671

2,061

-767

-367

-2,186

6,480

4,049

1,497

268

7,077

-319

754

-2,000

Cash flows from investing activities
Purchase of property and equipment

682

1,769

1,029

925

853

1,268

1,695

1,374

555

414

679

1,141

600

819

875

2,280

733

308

458

121

264

424

875

459

264

286

842

1,140

1,502

1,186

470

364

545

552

920

522

398

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,450

0

3,500

0

0

0

0

-

-

-

-

-

-

-

-

Purchase of short-term investments

28,009

94,124

0

12,035

31,349

35,785

22,811

142,198

6,030

7,818

20,816

24,438

14,354

3,610

14,249

29,510

39,182

29,176

11,931

34,795

33,408

24,957

14,430

31,594

41,318

5,462

27,390

85,809

0

-

-

-

-

-

-

-

-

Maturities of short-term investments

28,569

20,307

40,013

31,604

29,624

30,752

19,724

16,165

5,542

7,868

7,862

12,966

25,135

17,884

25,461

31,449

37,015

32,401

19,121

19,261

35,887

31,909

13,950

23,792

33,005

24,424

5,094

11,225

24,971

55,916

13,986

0

0

-

-

-

-

Sale of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

27,185

645

3,518

713

0

0

0

0

-1

3,478

0

446

0

0

0

0

-

-

-

-

-

-

-

-

Changes in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-40

0

-265

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-122

-75,586

38,984

18,644

-2,578

-6,301

-4,782

-127,407

-1,043

-364

-13,633

-12,613

10,181

-11,860

10,982

3,177

-2,187

2,917

6,732

-15,655

2,255

6,527

-1,062

-8,261

-11,631

18,676

-23,138

-75,724

23,469

37,244

-13,964

-60,267

-545

-613

-921

-522

-398

Cash flows from financing activities
Cash from lease-related performance obligations

43

397

693

645

0

20

231

0

89

346

347

0

0

139

517

553

387

132

191

439

170

70

258

0

307

104

189

448

106

401

713

0

0

-

-

-

-

Payment for purchase of capped calls

8,907

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payment of borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,833

500

500

501

166

405

Payment for repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

0

11

0

11

0

3

4

0

0

6

4

0

0

0

Excess tax benefits from employee stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-175

257

25

300

0

0

-

-

-

-

Proceeds from issuance of common stock from the employee stock purchase plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

649

0

653

0

-

-

-

-

421

976

0

1,596

0

0

0

0

-

-

-

-

Proceeds from exercise of stock options

731

192

157

527

1,564

888

4,477

1,004

958

772

1,178

4,055

1,912

1,385

594

117

406

294

287

509

105

222

81

360

433

332

412

593

421

857

479

96

288

-67

68

990

820

Tax withholdings paid on behalf of employees for net share settlement

864

698

696

8,796

1,271

1,319

745

7,027

1,007

1,281

1,483

5,668

542

252

829

1,283

341

180

636

714

167

205

280

573

167

227

33

443

0

-

-

-

-

-

-

-

-

Proceeds from Warrant Exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

226

0

0

0

0

-

-

-

-

Common stock issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250

132

1,025

382

0

Net cash provided by financing activities

-90

1,554

154

-5,815

293

1,233

3,759

125,753

40

1,341

42

-367

1,370

2,176

282

173

452

897

-49

887

108

730

58

732

562

630

1,451

423

2,603

1,111

37,484

64,734

-468

-701

-1,460

4,944

415

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect

5,432

-64,522

45,325

11,965

-1,340

1,305

5,491

-1,375

129

13,886

-16,718

-11,526

8,051

-6,067

14,733

3,967

1,828

4,124

6,446

-14,255

1,642

6,431

-777

-8,951

-13,740

21,367

-22,454

-75,668

23,886

44,835

27,569

5,964

-745

5,763

-2,700

5,176

-1,983

Supplemental disclosure of non-cash investing and financing activities:
Costs related to the initial public offering in accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12

-1,786

1,988

-52

-244

382

0

Property and equipment in accounts payable and accrued liabilities

390

-473

814

-44

161

-28

-767

625

284

62

-301

255

86

-346

-11

-375

776

14

-312

240

122

-36

1

-12

63

-8

-145

0

257

321

-109

-7

116

132

-417

363

87