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

Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows

Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
Statements of Cash Flows - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net income	$ 7,727	$ 5,307
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	10,468	8,779
Loss on rental units and other fixed assets	889	1,203
Provision for sales returns	3,516	2,558
Provision for doubtful accounts	1,830	1,201
Provision for rental revenue adjustments	6,364	5,530
Provision for inventory obsolescence	75	125
Provision for other inventory losses	56
Stock-based compensation expense	2,343	1,123
Decrease in fair value of preferred stock warrant liability		(36)
Deferred tax assets	3,682	(999)
Changes in operating assets and liabilities:
Accounts receivable	(13,251)	(17,119)
Inventories	(3,167)	(3,208)
Deferred costs of revenue	41	(134)
Income tax receivable	(32)	87
Prepaid expenses and other current assets	(774)	(449)
Accounts payable and accrued expenses	3,030	2,063
Accrued payroll	573	834
Warranty reserve	673	363
Deferred revenue	1,615	1,574
Income tax payable		2,647
Other noncurrent liabilities	(54)	(81)
Net cash provided by operating activities	25,604	11,368
Cash flows from investing activities
Purchases of available-for-sale investments	(33,557)
Maturities of available-for-sale investments	14,529
Investment in intangible assets	(21)	(184)
Production and purchase of rental equipment	(7,953)	(10,132)
Purchases of property and equipment	(1,827)	(1,060)
Net cash used in investing activities	(28,829)	(11,376)
Cash flows from financing activities
Proceeds from borrowings		6,000
Proceeds from redeemable convertible preferred stock warrants and common stock warrants exercised		467
Proceeds from stock options exercised	1,001	229
Proceeds from initial public offering		56,471
Costs associated with initial public offering		(4,942)
Proceeds from employee stock purchases	701	413
Repayment of debt from investment in intangible assets	(223)	(130)
Repayment of borrowings		(15,861)
Net cash provided by financing activities	1,479	42,647
Net increase (decrease) in cash and cash equivalents	(1,746)	42,639
Cash and cash equivalents, beginning of period	56,836	13,521
Cash and cash equivalents, end of period	55,090	56,160
Supplemental disclosures of cash flow information
Cash paid during the period for interest	21	478
Cash paid during the period for income taxes, net of refunds received	$ 32	1,673
Non-cash transactions:
Deemed dividend on redeemable convertible preferred stock		$ 987