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Income Statement
Balance Sheet
Cash Flow Statement
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Winc, Inc. (WBEV)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsSep-30-22Sep-05-22Jun-30-22Jun-05-22Mar-31-22Mar-05-22Dec-31-21Dec-05-21
   10-Q8-K10-Q8-K10-Q8-K10-K8-K
Cash flows from operating activities          
Net loss  -4.2 -4.0 -4.2-4.2-5.6-14.6
   
Adjustments to reconcile net loss to net cash used in in operating activities:          
    Depreciation and amortization expense  0.3 0.3 0.30.30.20.7
    Amortization of debt issuance costs    0.0 0.00.00.00.2
    Stock-based compensation  0.5 0.6 0.80.80.31.3
    Bad debt expense  0.0 0.0 0.00.0 0.3
    Inventory reserve  0.2       
    Gain on debt forgiveness - Paycheck Protection Program note payable          
    Change in fair value of warrant liabilities        -1.0 
    Foregiveness of employee promissory notes          
    Other non-cash  0.3 -0.2 0.10.1  
    Change in operating assets and liabilities:          
        Accounts receivable  1.1 -0.7 -1.1-1.1 0.1
        Inventory, net  0.5 -3.3 0.70.7-1.5-9.9
        Prepaid expenses and other current assets  2.5 1.2 0.30.3-2.4-4.1
        Other assets  0.0 0.0 0.00.02.10.2
        Accounts payable  0.8 -1.0 0.50.5-1.4-1.4
        Accrued liabilities  0.3 0.8 -1.2-1.20.10.4
        Contract liabilities  0.4 0.8 0.6 1.1 
        Other liabilities  -1.8 0.0 0.00.0-0.1-0.1
            Net cash used in operating activities  0.9 -5.4 -3.3-3.3-7.4-21.2
   
Cash flows from investing activities          
Cash paid for asset acquisition          
Purchases of property and equipment  0.1 0.0 -0.3 -0.2 
Capitalized software development costs  -0.2 -0.2 0.00.0  
Loans for employee advances        0.0 
Proceeds from sale of property and equipment  0.0       
    Net cash used in investing activities  -0.1 -0.1 -0.3-0.3-0.2-9.5
   
Cash flows from financing activities          
Borrowings on line of credit    3.5 3.0   
Repayments on line of credit  -2.1       
Repayments of long-term debt        -1.3 
Proceeds from issuance of preferred stock and warrants, net of issuance costs        0.0 
Proceeds from exercise of employee stock options  0.0     0.00.1
Taxes paid for restricted stock unit net share settlement  0.0 0.0     
Advances received under financing arrangements, net of repayments  1.7       
Refund of issuance costs of Series E preferred stock  0.0       
    Net cash provided by financing activities  -3.0 6.1 3.03.010.928.6
    Net decrease in cash  -2.1       
   
Supplemental disclosure of cash flow information:          
    Interest paid  0.1 0.1 0.00.00.10.3
    Taxes paid  0.0 0.0 0.0 0.0 
    Noncash investing and financing activities          
    Deferred offering costs in accounts payable and accrued liabilities          
    Accrued preferred stock issuance costs          
    Vesting of early exercised stock options  0.0 0.2 0.3 0.1 
    Right of use assets recorded upon adoption of ASC 842      5.2   
    Employee promissory notes issued for stock option exercises          
    Forgiveness of employee promissory notes issued for stock option exercises       0.0  
    Forgiveness of Paycheck Protection Program          
    Issued shares of redeemable convertible preferred stock in connection with acquisitions          

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