Verastem, inc. (VSTM)
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'12Sep'12Jun'12Mar'12
Operating activities
Net loss

-37,990

-38,774

-30,139

-42,194

-38,102

-11,349

-21,668

-18,367

-21,050

-18,235

-23,126

-13,436

-13,005

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,294

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,445

-15,377

-15,180

-

-13,332

-13,022

-13,062

-7,921

-10,367

-6,825

-6,871

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

94

65

108

114

113

108

100

667

125

172

138

144

146

152

159

176

183

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of acquired intangible asset

392

392

392

393

392

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of right-of-use asset and lease liability

17

27

42

55

57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

189

189

188

185

101

77

64

61

52

48

46

Stock-based compensation expense

1,370

1,311

1,915

3,065

2,248

1,763

2,041

1,539

1,328

963

1,660

1,213

1,197

1,547

1,307

1,727

1,706

2,039

2,375

2,537

3,134

2,286

3,164

2,925

3,985

2,773

1,615

1,483

1,529

Amortization of deferred financing costs, debt discounts and premiums and discounts on available-for-sale marketable securities

8,779

2,705

1,611

1,207

1,608

1,479

157

95

83

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of interest make whole provision for 2019 Notes

-1,313

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs, debt discounts and premiums and discounts on available-for-sale marketable securities

-

-

-

-

-

-

-

-

-

-

65

59

46

2

-50

-80

-12

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of premiums and discounts on available-for-sale marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-79

-77

-58

-

-

-

-

-

-

-

-

Common stock issued to purchase technology rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,197

-

-

-

-

Change in fair value of obligation to issue a warrant

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

431

Gain on sale of fixed assets

-

-

-

-

-

0

0

46

33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable, net

802

321

814

831

252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory

1,276

2,618

184

-12

-21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses, other current assets and other assets

2,109

-223

666

-660

1,094

22

688

-237

694

372

-908

387

1,092

722

-195

-335

376

-128

-231

-167

250

-481

130

26

298

78

-81

19

360

Accounts payable

-2,535

813

-2,689

2,938

-1,660

-1,060

3,544

642

-2,078

1,778

538

-1,864

4,594

2,133

-148

-485

-1,347

303

618

-949

891

240

234

58

-245

111

-713

514

-337

Accrued expenses and other liabilities

-1,256

-1,714

2,206

-88

-2,111

4,501

4,616

4,920

-135

-4,642

7,967

-210

-2,538

2,591

440

205

-2,613

-1,116

654

1,235

-355

798

948

865

-492

-

-

-

-

Accrued expenses and deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

639

-247

667

Liability classified stock-based compensation awards

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-69

22

-313

104

-213

244

-322

255

-425

-

-

-

-

Net cash used in operating activities

-34,003

-37,221

-27,848

-34,669

-38,780

-19,188

-22,560

-10,313

-22,454

-20,327

-11,850

-14,481

-10,652

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investing activities
Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,822

-

-11,612

-12,017

-11,727

-9,655

-9,255

-8,716

-9,276

-5,924

-6,736

-5,046

-4,895

Purchases of property and equipment

-

-

-

-

-

263

567

575

102

-

-

-

-

-

-

-

-

7

8

0

196

567

1,450

402

10

-11

154

37

130

Sales of property and equipment

-

-

-

-

-

0

0

45

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investments

-

20,937

35,549

0

37,637

-

-

-

-

-

-

0

6,461

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

21,880

19,823

4,052

36,346

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of investments

32,050

46,063

53,150

46,530

38,000

6,000

0

0

4,500

6,005

21,325

14,023

10,557

22,907

23,550

35,160

37,450

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56,168

17,007

78,326

-

5,930

17,468

9,172

8,118

28,987

44,165

72,758

Maturities of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52,385

25,949

31,123

-

15,000

35,995

13,300

13,000

31,250

39,529

24,700

Net cash provided by investing activities

32,050

25,126

17,594

46,530

363

-126,803

-15,479

-530

4,435

4,509

21,325

14,023

4,096

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing activities
Net cash provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,104

-

-3,791

8,942

-47,399

13,480

7,620

17,922

4,118

4,893

2,109

-4,673

-48,188

Proceeds from long-term debt, net

-

-

-

-

-

-

-

-

-

-

0

0

2,386

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the exercise of stock options and employee stock purchase program

1,242

0

494

0

75

-

-

-

-

-

-

-

-

-

-

-

-

0

4

2

7

8

1

0

11

-

-

-

-

Interest make-whole payments on the 2019 Notes

1,763

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from the issuance of common stock and restricted common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

57,599

Settlement of restricted stock for tax withholdings

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5

0

164

30

223

23

200

59

498

-

-

-

-

Proceeds from the issuance of common stock, net

93,942

-

-

-

-

0

-301

105,158

299

-

-

-

-

-

-

-

-

-

222

8,150

55,566

-

-

-

-

-

-

-

-

Net cash provided by financing activities

93,421

-12,704

494

9,694

75

145,469

74

115,320

299

46,724

14,212

-138

2,386

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash, cash equivalents and restricted cash

91,468

-24,799

-9,760

21,555

-38,342

-522

-37,965

104,477

-17,720

-

-

-596

-4,170

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

-

62

8,122

55,350

9,519

-199

-59

-487

1

2

0

57,599

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,925

-2,290

24,417

-9,723

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,341

5,047

-3,776

13,344

-1,834

9,147

-5,645

-1,030

-4,625

-9,719

4,516

Supplemental disclosure of non-cash investing and financing activities
Common stock issuance costs included in accounts payable and accrued expenses

128

0

0

0

15

0

-301

281

35

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of 2019 Notes into common stock

57,414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of redeemable convertible preferred stock to redemption value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6

Conversion of redeemable convertible preferred stock upon initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

0

68,148

Reclassification of obligation to issue warrant from liabilities to equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

837

Proceeds from the issuance of common stock included in prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,972

-

-

-

-

-

-

-

-

Public offering costs in accounts payable and accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55

-

-

-

-

-

-

-

-

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

13

-

-

-

-

-

-

358

169

-

-

-

-

-

-

-

-

-

-

-

8

-

-

-

-

-

-

-

-

Settlement of restricted stock units for tax withholdings included in accrued expenses

51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-