Inogen, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Three months ended

Balance at beginning of period

Change in fair value

Balance at end of period

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Summary of Fair Value Assets Measured on Recurring Basis for Cash, Cash Equivalents and Marketable Securities

The following table summarizes fair value measurements by level for the assets measured at fair value on a recurring basis for cash, cash equivalents and marketable securities:

	As of March 31, 2020
			Gross				Cash
	Adjusted		unrealized				and cash		Marketable
	cost		gains		Fair value		equivalents		securities
Cash	$	50,238	$	—	$	50,238	$	50,238	$	—
Level 1:
Money market accounts		158,124		—		158,124		158,124		—

Level 2:
Corporate bonds		—		—		—		—		—
U.S. Treasury securities		—		—		—		—		—
Total	$	208,362	$	—	$	208,362	$	208,362	$	—

	As of December 31, 2019
			Gross				Cash
	Adjusted		unrealized				and cash		Marketable
	cost		gains		Fair value		equivalents		securities
Cash	$	51,560	$	—	$	51,560	$	51,560	$	—
Level 1:
Money market accounts		146,477		—		146,477		146,477		—

Level 2:
Corporate bonds		2,011		2		2,013		—		2,013
U.S. Treasury securities		9,038		6		9,044		—		9,044
Total	$	209,086	$	8	$	209,094	$	198,037	$	11,057

Summary of Components of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) were as follows:

	Foreign			Unrealized			Unrealized			Accumulated
	currency			gains on			gains (losses)			other
	translation			marketable			on cash			comprehensive
	adjustments			securities			flow hedges			income (loss)
Balance as of December 31, 2019	$	271		$	6		$	(364	)	$	(87	)
Other comprehensive income (loss)		(158	)		(6	)		673			509
Balance as of March 31, 2020	$	113		$	—		$	309		$	422

Summary of Quantitative Information about Level 3 Inputs for Fair Value Measurement of Earnout Liability

The following table provides quantitative information about Level 3 inputs for fair value measurement of the earnout liability as of March 31, 2020 and December 31, 2019. Significant increases or decreases in these inputs in isolation could result in a significant impact on our fair value measurement:

	As of			As of
Simulation input	March 31, 2020			December 31, 2019
Revenue volatility		35.00	%		35.00	%
WACC		12.50	%		13.00	%
20-year risk free rate		1.15	%		2.25	%
Market price of risk		9.00	%		10.00	%

Summary of Reconciliation of Earnout Liability Measured and Carried Fair Value on a Recurring Basis

The reconciliation of the earnout liability measured and carried at fair value on a recurring basis is as follows: