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Income Statement
Balance Sheet
Cash Flow Statement
Segments

Common Size IS
Op Efficiency
Credit Analysis

Desktop Metal, Inc. (TRNE.U)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-K/AS-1/A
Cash flows from operating activities:       
    Net loss  -740.3-240.3-34.0-103.6-121.3
    Adjustments to reconcile net loss to net cash used in operating activities:       
        Depreciation and amortization  50.824.98.68.14.2
        Stockbased compensation  48.028.88.05.23.0
        Goodwill impairment     0.4 
        Amortization (accretion) of discount on investments  -0.93.00.1-1.6-0.5
        Amortization of deferred costs on convertible notes  0.5    
        Provision for bad debt  1.00.40.40.2 
        Loss on disposal of property and equipment  0.20.10.00.00.1
        Net increase (decrease) in accrued interest related to marketable securities  0.8-0.80.00.00.1
        Net unrealized (gain) loss on equity investment  6.39.7   
        Net unrealized (gain) loss on other investments  1.9-0.1 -1.4 
        Deferred tax benefit  -1.5-29.7-0.9  
        Change in fair value of contingent consideration  -1.6-0.4   
        Foreign currency transaction (gain) loss  0.00.0   
        Changes in operating assets and liabilities:       
            Accounts receivable  6.7-18.3-2.4-1.7-3.1
            Inventory  -28.2-17.0-1.3-1.7-7.0
            Prepaid expenses and other current assets  1.8-8.90.90.80.7
            Other assets  2.50.0   
            Accounts payable  -6.612.8-2.6-4.59.1
            Accrued expenses and other current liabilities  -10.6-8.8-2.43.3-0.5
            Customer deposits       
            Deferred revenue  -4.76.00.8-1.73.9
            Change in right of use assets and lease liabilities, net  -4.3-0.6-0.3-0.3 
            Other liabilities  0.01.6   
                Net cash used in operating activities  -181.5-155.0-80.6-97.2-111.0
   
Cash flows from investing activities:       
    Purchases of property and equipment  -11.5-7.7-1.4-6.9-14.0
    Proceeds from sale of property and equipment  0.00.0  0.0
    Purchase of marketable securities  -158.4-330.9-136.3-215.6-96.8
    Proceeds from sales and maturities of marketable securities  248.2243.3109.0196.8151.0
    Cash paid for acquisitions, net of cash acquired  0.0-287.6-5.3-0.1 
        Net cash provided by investing activities  81.6-427.3-37.0-26.039.0
   
Cash flows from financing activities:       
    Proceeds from the exercise of stock options  3.26.40.30.70.4
    Payment of taxes related to net share settlement upon vesting of restricted stock units  -0.2-0.5   
    Repayment of loans  -0.5-10.05.4  
    Proceeds from issuance of convertible notes  115.0    
    Costs incurred in connection with the issuance of convertible notes  -3.6    
        Net cash provided by financing activities  113.8166.6534.9160.445.4
Effect of exchange rate changes on cash, cash equivalents and restricted cash  -0.2-0.1   
    Net increase (decrease) in cash, cash equivalents, and restricted cash  13.7-415.9417.4  
   
Supplemental disclosures of cash flow information       
Cash and cash equivalents       
   
Noncash investing and financing activities:       
    Net unrealized (gain) loss on investments  1.9-0.1 -1.4 
    Additions to right of use assets and lease liabilities  10.85.6 0.3 
    Purchase of property and equipment included in accounts payable  0.50.1 0.10.3
    Purchase of property and equipment included in accrued expense   0.0   
    Transfers from property and equipment to inventory  5.01.1   
    Transfers from inventory to property and equipment  4.51.4   

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