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

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021
			Gross					Cash
	Adjusted		unrealized					and cash		Marketable
	cost		gains (losses)			Fair value		equivalents		securities
Cash	$	48,706	$	—		$	48,706	$	48,706	$	—
Level 1:
Money market accounts		171,308		—			171,308		171,308		—

Level 2:
Corporate bonds		5,477		(1	)		5,476		—		5,476
U.S. Treasury securities		4,053		1			4,054		—		4,054
Agency mortgage-backed securities		3,603		3			3,606		—		3,606
Total	$	233,147	$	3		$	233,150	$	220,014	$	13,136


	As of December 31, 2020
			Gross					Cash
	Adjusted		unrealized					and cash		Marketable
	cost		gains (losses)			Fair value		equivalents		securities
Cash	$	52,812	$	—		$	52,812	$	52,812	$	—
Level 1:
Money market accounts		159,150		—			159,150		159,150		—

Level 2:
Corporate bonds		11,549		(1	)		11,548		—		11,548
U.S. Treasury securities		4,107		—			4,107		—		4,107
Agency mortgage-backed securities		3,601		1			3,602		—		3,602
Total	$	231,219	$	—		$	231,219	$	211,962	$	19,257

Summary of Components of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income were as follows:

	Foreign			Unrealized		Unrealized			Accumulated
	currency			gains		gains (losses)			other
	translation			on marketable		on cash			comprehensive
	adjustments			securities		flow hedges			income
Balance as of December 31, 2020	$	1,128		$	—	$	(653	)	$	475
Other comprehensive income (loss)		(457	)		4		903			450
Balance as of March 31, 2021	$	671		$	4	$	250		$	925

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, 2021 and December 31, 2020. 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, 2021			December 31, 2020
Revenue volatility		35.00	%		35.00	%
WACC		12.50	%		12.00	%
20-year risk free rate		2.31	%		1.45	%
Market price of risk		9.00	%		8.00	%

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:

	Three months ended
	March 31,
	2021
Balance at beginning of period	$	27,612
Change in fair value		265
Balance at end of period	$	27,877