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

-16,715

-17,980

-17,395

-17,942

-16,639

-9,674

-8,199

-6,559

-9,017

-10,897

-15,184

-17,772

-14,466

-11,400

-10,471

-13,738

-16,203

-17,106

-21,131

-24,558

-26,395

-28,297

-23,130

-18,341

-13,355

-10,465

-7,812

-2,973

230

2,893

1,845

-792

-3,470

-2,479

0

0

0

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

6,732

7,289

7,702

7,683

7,585

7,662

7,556

7,628

7,806

7,643

7,254

6,105

4,848

3,770

3,057

3,073

3,152

3,271

3,268

3,174

3,125

3,014

2,975

2,925

2,740

2,542

2,481

2,448

2,598

2,615

3,421

2,979

2,402

2,010

0

0

0

Amortization of purchased intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Non-cash interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

31

28

4

18

0

0

0

-

-

-

-

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-25

-24

-24

-27

-2

-3

-3

0

0

0

0

Bad debt expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

0

0

0

-

-

-

-

-

-

-

-

Allowance for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Inventory provision

0

-

-

-

0

-

-

-

-

380

222

135

216

168

140

138

26

118

116

358

390

310

297

117

125

136

153

153

246

224

752

686

564

563

0

0

0

Change in lease-related performance liabilities

-1,253

-1,173

-2,147

-1,002

-980

-998

32

-1,009

-979

-864

-778

-784

-786

-811

-868

-885

-853

-925

-851

-841

-755

-595

-535

-451

-313

-207

0

0

0

-

-

-

-

-

-

-

-

Stock-based compensation expense

24,162

23,865

23,309

22,634

21,921

20,964

20,469

19,693

19,200

18,196

16,648

14,830

13,072

12,035

11,067

11,358

10,957

11,005

11,453

11,046

11,080

11,084

10,714

10,323

9,561

8,667

0

0

0

-

-

-

1,622

1,458

0

0

0

Amortization of debt discount and issuance costs

6,791

6,638

6,510

6,385

5,481

3,899

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

1,721

1,016

554

149

21

22

22

36

39

26

127

50

51

42

-17

64

378

519

530

502

169

131

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Non-employee stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Excess tax benefits from employee stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

407

582

325

0

0

0

-

-

-

-

Change in fair value of warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,631

-3,527

-3,813

258

-981

0

0

0

Change in fair value of option liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

450

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

1,837

2,420

-217

-3,787

-5,750

5,017

1,526

8,441

5,620

10,963

16,465

4,707

8,923

322

2,311

4,621

663

5,075

30

-4,435

-5,849

-5,660

-4,474

201

5,079

1,861

-370

1,180

-918

5,916

3,993

2,772

4,217

6,670

0

0

0

Other receivables

1,010

2,064

4,039

4,091

4,052

2,810

1,174

366

106

120

-76

-56

-295

-120

-361

-240

-310

234

281

-15

540

-188

-88

621

468

434

729

-1,017

-693

-417

-808

481

-111

74

0

0

0

Inventories

150

293

1,086

1,623

2,772

1,898

764

706

163

-1,361

-773

-746

321

1,985

2,303

2,758

943

-632

-2,195

-2,311

-2,255

-1,894

-270

319

899

3,029

1,722

1,433

1,716

-367

1,246

934

1,250

1,103

0

0

0

Prepaid expenses and other assets

883

880

1,282

1,805

-189

592

-68

-627

1,525

866

1,682

1,748

1,015

833

717

-108

33

295

-373

131

196

330

527

-621

-628

-446

395

485

1,533

1,348

554

666

277

263

0

0

0

Deferred commissions

-16

174

492

589

588

2

-1,728

-883

-347

-121

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long term assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accounts payable

-178

1,475

-114

870

-1,461

1,527

260

-173

1,342

-611

148

-1,000

-536

170

-581

947

143

1,050

584

-454

678

-1,678

-402

-15

-324

690

133

1,017

930

-1,145

1,636

1,250

923

2,969

0

0

0

Increase (Decrease) in Other Accrued Liabilities

-759

-2,431

-1,330

-1,047

709

-2,629

-5,418

-4,904

-3,223

-1,104

3,041

1,929

2,012

2,355

2,855

3,431

3,009

2,761

624

953

-726

1,100

1,855

668

970

-1,887

-1,420

-925

-1,135

2,803

0

0

0

-

-

-

-

Deferred revenue

3,731

2,843

1,872

-803

-1,415

3,482

5,278

3,457

3,938

5,434

3,951

5,896

8,321

6,863

7,747

6,896

4,869

4,144

1,879

2,383

2,324

2,827

2,053

2,365

4,399

4,198

4,551

4,068

3,636

5,840

4,859

5,926

6,024

6,301

0

0

0

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Warranty reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net cash used in operating activities

20,477

15,778

12,641

12,968

14,111

14,298

20,834

11,193

12,368

7,736

-1,556

5,040

4,203

11,266

7,959

4,253

4,149

-135

-1,271

-807

-2,742

-4,692

-1,805

-2,799

-1,744

-1,259

3,160

7,976

9,840

12,294

12,891

8,523

7,780

5,512

0

0

0

Cash flows from investing activities
Purchase of property and equipment

4,405

4,576

4,075

4,741

5,190

4,892

4,038

3,022

2,789

2,834

3,239

3,435

4,574

4,707

4,196

3,779

1,620

1,151

1,267

1,684

2,022

2,022

1,884

1,851

2,532

3,770

4,670

4,298

3,522

2,565

1,931

2,381

2,539

2,392

0

0

0

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,450

6,950

6,950

3,500

3,500

0

0

0

0

-

-

-

-

-

-

-

-

Purchase of short-term investments

134,168

137,508

79,169

101,980

232,143

206,824

178,857

176,862

59,102

67,426

63,218

56,651

61,723

86,551

112,117

109,799

115,084

109,310

105,091

107,590

104,389

112,299

92,804

105,764

159,979

118,661

0

0

0

-

-

-

-

-

-

-

-

Maturities of short-term investments

120,493

121,548

131,993

111,704

96,265

72,183

49,299

37,437

34,238

53,831

63,847

81,446

99,929

111,809

126,326

119,986

107,798

106,670

106,178

101,007

105,538

102,656

95,171

86,315

73,748

65,714

97,206

106,098

94,873

69,902

0

0

0

-

-

-

-

Sale of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

32,061

4,876

4,231

713

0

-1

3,477

3,477

3,923

3,924

446

446

0

0

0

0

-

-

-

-

-

-

-

-

Changes in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-40

-40

-305

-305

-265

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-18,080

-20,536

48,749

4,983

-141,068

-139,533

-133,596

-142,447

-27,653

-16,429

-27,925

-3,310

12,480

112

14,889

10,639

-8,193

-3,751

-141

-7,935

-541

-14,427

-2,278

-24,354

-91,817

-56,717

-38,149

-28,975

-13,518

-37,532

-75,389

-62,346

-2,601

-2,454

0

0

0

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

1,778

1,735

1,358

896

251

340

666

782

782

693

486

656

1,209

1,596

1,589

1,263

1,149

932

870

937

498

635

669

600

1,048

847

1,144

1,668

1,220

1,114

0

0

0

-

-

-

-

Payment for purchase of capped calls

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payment of borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,333

8,833

9,334

1,667

1,572

0

0

0

Payment for repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

12

12

22

22

14

18

7

7

10

10

10

10

4

0

0

0

Excess tax benefits from employee stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

407

582

325

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,302

0

0

0

-

-

-

-

2,993

2,572

1,596

1,596

0

0

0

0

-

-

-

-

Proceeds from exercise of stock options

1,607

2,440

3,136

7,456

7,933

7,327

7,211

3,912

6,963

7,917

8,530

7,946

4,008

2,502

1,411

1,104

1,496

1,195

1,123

917

768

1,096

1,206

1,537

1,770

1,758

2,283

2,350

1,853

1,720

796

385

1,279

1,811

0

0

0

Tax withholdings paid on behalf of employees for net share settlement

11,054

11,461

12,082

12,131

10,362

10,098

10,060

10,798

9,439

8,974

7,945

7,291

2,906

2,705

2,633

2,440

1,871

1,697

1,722

1,366

1,225

1,225

1,247

1,000

870

703

0

0

0

-

-

-

-

-

-

-

-

Proceeds from Warrant Exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

226

226

226

226

0

0

0

0

-

-

-

-

Common stock issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,789

1,539

0

0

0

Net cash provided by financing activities

-4,197

-3,814

-4,135

-530

131,038

130,785

130,893

127,176

1,056

2,386

3,221

3,461

4,001

3,083

1,804

1,473

2,187

1,843

1,676

1,783

1,628

2,082

1,982

3,375

3,066

5,107

5,588

41,621

105,932

102,861

101,049

62,105

2,315

3,198

0

0

0

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

-1,800

-8,572

57,255

17,421

4,081

5,550

18,131

-4,078

-14,229

-6,307

-26,260

5,191

20,684

14,461

24,652

16,365

-1,857

-2,043

264

-6,959

-1,655

-17,037

-2,101

-23,778

-90,495

-52,869

-29,401

20,622

102,254

77,623

38,551

8,282

7,494

6,256

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

138

-94

2,074

86

0

0

0

Property and equipment in accounts payable and accrued liabilities

687

458

903

-678

-9

114

204

670

300

102

-306

-16

-646

44

404

103

718

64

14

327

75

16

44

-102

-90

104

433

469

462

321

132

-176

194

165

0

0

0