VERACYTE, INC. VCYT Cash Flow

Veracyte, inc. (VCYT)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Operating activities
Net loss
-11,716	-7,458	-730	-2,494	-1,917	-3,105	-4,469	-6,248	-9,177	-8,439	-7,049	-7,298	-8,217	-4,403	-5,637	-11,243	-10,075	-8,013	-8,945	-9,136	-7,610	-8,142	-7,902	-6,655	-6,674	-5,892	-6,303	-6,490	-6,895
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
1,972	1,281	967	924	945	970	981	989	980	1,002	993	944	902	909	899	941	762	612	646	644	352	342	292	277	264	282	289	231	197
Gain on disposal of property and equipment
0	-	6	1	16	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bad debt expense
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2	66	25	26	32	22	-13	28	11	28	-75	67	24	93
Genzyme co-promotion fee amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	227	291	430	474	474	475	474	475	544	625	625	625	625	625	625
Stock-based compensation
2,905	2,842	2,640	2,566	1,759	1,533	1,519	1,731	1,175	1,792	1,611	1,642	1,572	1,633	1,572	1,677	1,496	1,416	1,474	1,489	1,223	1,146	1,035	875	492	396	362	285	204
Other income
-	-	-	-	-	0	0	0	-93	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
0	0	0	75	8	8	8	8	8	393	26	27	26	27	27	27	92	12	11	12	11	16	27	28	26	-	-	-	-
Interest on end-of-term debt obligation
54	-	54	56	64	-	81	79	70	-	0	0	0	-	0	0	206	-	20	20	19	21	20	20	20	-	-	-	-
Write-down of excess supplies
1,088	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash lease expense
232	-	-	-	212	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revaluation of acquisition-related contingent consideration
-484	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in value of preferred stock liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1,068	-1,002
Changes in operating assets and liabilities:
Accounts receivable
-238	-4,284	3,987	3,011	3,447	906	-744	-192	482	1,081	608	1,902	369	2,444	2,925	159	-207	8	-39	1,055	-466	1,857	-222	250	76	354	-210	551	-12
Supplies
376	198	1,504	1,336	366	-61	414	-1,508	-767	1,564	443	-126	-32	59	-86	-150	-115	-217	9	243	36	346	50	579	154	1,175	622	33	-313
Prepaid expenses and other current assets
818	31	-377	181	11	578	37	-337	239	247	-215	-269	244	452	10	-223	176	-2,182	1,529	387	-38	-514	645	370	-463	-1,461	1,537	502	144
Operating lease liability
331	-	-102	-119	292	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-135	209	167	12	-37	249	239	132	140	148	44	7	-7	-69	31	-36	49	-11	14	10	29	0	35	8	3	8	-4	-14	-14
Accounts payable
5,450	-2,646	759	20	1,726	1,068	-724	-1,402	-510	837	625	-262	528	-1,054	418	-1,106	301	-1,715	2,806	-4,281	-356	-1,424	-79	1,332	2,045	-465	3,778	222	-187
Accrued liabilities
-3,650	3,970	-61	1,032	287	-110	767	-161	228	38	-429	1,551	-2,323	1,542	-1,803	1,825	-1,113	2,885	2,147	1,924	-2,493	1,782	1,099	37	-2,563	3,099	-985	2,351	-603
Net cash used in operating activities
-5,301	1,790	-1,556	-2,455	-1,011	-1,226	-1,783	-3,099	-7,413	-5,816	-5,103	-4,910	-8,086	-4,232	-7,438	-7,714	-8,598	-2,830	-3,802	-11,466	-8,867	-8,436	-6,532	-5,907	-6,757	-3,298	-5,238	-4,004	-6,619
Investing activities
Purchases of property and equipment
665	1,100	232	659	765	454	659	534	227	300	727	113	615	450	173	732	2,855	4,190	1,123	341	511	533	587	780	124	271	120	385	556
Proceeds from disposal of property and equipment
0	0	6	1	16	0	0	0	0	0	0	0	440	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-118	120	0	0	603	-70	-	-	-	-	0	0	0	-50
Net cash used in investing activities
-665	-41,100	-226	-658	-749	-454	-659	-534	-227	-300	-727	-113	-175	-448	-173	-614	-2,975	-4,190	-1,123	-944	-441	-533	-7,573	-780	-124	-271	-120	-385	-506
Financing activities
Proceeds from the issuance of common stock in a public offering, net of costs
-	-	-	-	-	-	-	-	-	-	0	0	200	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of long-term debt, net of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-148	24,600	-	-	-	-	-	-	-	-	-	-	-	-
Payment of convertible preferred stock issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52
Payment of deferred stock offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	129	-	-	-	-
Payment of long-term debt
0	0	0	12,400	12,500	0	0	0	0	-	-	-	-	0	0	0	5,000	-	-	-	-	-	-	-	-	-	-	-	-
Payment of end-of-term debt obligation and prepayment penalty
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	288	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from legal settlement regarding short-swing profits
-	-	-	-	-	0	0	0	403	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of taxes on vested restricted stock units
2,304	-	-	-	556	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of financial lease liability
0	79	77	77	75	75	73	73	71	70	69	69	66	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the exercise of common stock options and employee stock purchases
2,085	3,044	4,874	1,992	4,737	1,905	1,564	312	569	923	511	49	414	253	317	13	633	38	193	399	92	91	109	448	27	78	154	73	247
Net cash used in financing activities
-219	2,965	4,797	127,919	-8,394	1,829	56,530	239	901	-1,188	442	-20	548	32,202	317	-135	19,945	-12	-4	37,657	92	-19	109	448	-102	59,363	101	18,000	195
Supplementary cash flow information of non-cash investing and financing activities:
Operating lease liability arising from obtaining right-of-use assets - operating lease at beginning of period
-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplementary cash flow information:
Purchases of property and equipment included in accounts payable and accrued liability
113	-	749	-23	95	-	-40	7	56	-	188	0	0	-	-42	-381	423	-	888	90	195	-	-	-	-	-	-	-	-
Interest paid on debt
1	2	11	91	228	312	494	385	356	400	778	770	770	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash, cash equivalents and restricted cash
-6,185	-36,345	3,015	124,806	-10,154	149	54,088	-3,394	-6,739	-7,304	-5,388	-5,043	-7,713	27,522	-7,294	-8,463	8,372	-7,032	-4,929	25,247	-9,216	-8,988	-13,996	-6,239	-6,983	55,794	-5,257	13,611	-6,930
Unpaid deferred stock offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	148	-	-	-	-	-	-	-	-	-	-	-	-