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

-149,097

-149,209

-121,784

-113,313

-89,486

-72,434

-79,320

-80,778

-75,847

-67,802

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-31,984

0

0

0

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

381

400

443

435

988

1,000

1,064

1,102

579

600

580

601

633

670

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of acquired intangible asset

1,569

1,569

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of right-of-use asset and lease liability

141

181

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

751

663

551

427

0

0

0

207

0

0

0

Stock-based compensation expense

7,661

8,539

8,991

9,117

7,591

6,671

5,871

5,490

5,164

5,033

5,617

5,264

5,778

6,287

6,779

7,847

8,657

10,085

10,332

11,121

11,509

12,360

0

0

0

7,400

0

0

0

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

14,302

7,131

5,905

4,451

3,339

1,814

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

172

57

-82

-140

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Common stock issued to purchase technology rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Change in fair value of obligation to issue a warrant

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

431

0

0

0

Gain on sale of fixed assets

-

-

-

-

-

79

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable, net

2,768

2,218

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory

4,066

2,769

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses, other current assets and other assets

1,892

877

1,122

1,144

1,567

1,167

1,517

-79

545

943

1,293

2,006

1,284

568

-282

-318

-150

-276

-629

-268

-75

-27

0

0

0

376

0

0

0

Accounts payable

-1,473

-598

-2,471

3,762

1,466

1,048

3,886

880

-1,626

5,046

5,401

4,715

6,094

153

-1,677

-911

-1,375

863

800

416

1,423

287

0

0

0

-425

0

0

0

Accrued expenses and other liabilities

-852

-1,707

4,508

6,918

11,926

13,902

4,759

8,110

2,980

577

7,810

283

698

623

-3,084

-2,870

-1,840

418

2,332

2,626

2,256

2,119

0

0

0

-

-

-

-

Accrued expenses and deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Liability classified stock-based compensation awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-69

-47

-360

-256

-400

-178

-187

-36

-248

0

0

0

-

-

-

-

Net cash used in operating activities

-133,741

-138,518

-120,485

-115,197

-90,841

-74,515

-75,654

-64,944

-69,112

-57,310

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investing activities
Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-44,654

-

-45,011

-42,654

-39,353

-36,902

0

0

0

-22,601

0

0

0

Purchases of property and equipment

-

-

-

-

-

1,507

0

0

0

-

-

-

-

-

-

-

-

211

771

2,213

2,615

2,429

0

0

0

310

0

0

0

Sales of property and equipment

-

-

-

-

-

82

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investments

-

94,123

0

0

0

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

82,101

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of investments

177,793

183,743

143,680

90,530

44,000

10,500

10,505

31,830

45,853

51,910

68,812

71,037

92,174

119,067

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

154,028

0

0

0

Maturities of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

108,479

0

0

0

Net cash provided by investing activities

121,300

89,613

-62,316

-95,389

-142,449

-138,377

-7,065

29,739

44,292

43,953

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing activities
Net cash provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,446

-

-28,768

-17,357

-8,377

43,140

0

0

0

-45,859

0

0

0

Proceeds from long-term debt, net

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

1,736

569

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

13

21

18

16

20

0

0

0

-

-

-

-

Interest make-whole payments on the 2019 Notes

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57,599

0

0

0

Settlement of restricted stock for tax withholdings

-

-

-

-

-

-

-

-

-

-

-

-

-

5

5

169

199

417

440

476

505

780

0

0

0

-

-

-

-

Proceeds from the issuance of common stock, net

0

-

-

-

-

105,156

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by financing activities

90,905

-2,441

155,732

155,312

260,938

261,162

162,417

176,555

61,097

63,184

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

78,464

-51,346

-27,069

-55,274

27,648

48,270

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,230

-

73,053

72,792

64,611

8,774

0

0

0

57,602

0

0

0

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

7,479

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-726

12,781

16,881

15,012

0

0

0

-10,858

0

0

0

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

128

15

15

-286

-5

15

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of 2019 Notes into common stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of redeemable convertible preferred stock to redemption value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

0

0

0

Conversion of redeemable convertible preferred stock upon initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

68,147

0

0

0

Reclassification of obligation to issue warrant from liabilities to equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

837

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

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

0

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

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

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-