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Mazor Robotics Ltd. | |||||||||
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CONSOLIDATED CASH FLOW STATEMENTS
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(U.S. Dollars in thousands) | |||||||||
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Three month period | ||||||||
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ended March 31, | ||||||||
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2018 (Unaudited) |
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2017 (Unaudited) | |||||
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Cash flows from operating activities: |
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Loss for the period |
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$ |
(1,277) |
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$ |
(5,232) | ||
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Adjustments: |
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Depreciation and amortization |
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$ |
421 |
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$ |
342 | ||
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Finance income, net |
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$ |
(174) |
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$ |
(50) | ||
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Share-based payments |
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$ |
1,535 |
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$ |
1,201 | ||
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Income tax expense (tax benefit) |
|
$ |
(1) |
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$ |
(243) | ||
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$ |
1,781 |
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$ |
1,250 | ||
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Change in inventory |
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$ |
(140) |
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$ |
(1,362) | ||
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Change in trade and other accounts receivable |
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$ |
3,534 |
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$ |
4,771 | ||
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Change in prepaid lease fees |
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$ |
5 |
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$ |
(21) | ||
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Change in trade and other accounts payable |
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$ |
(1,524) |
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$ |
1,103 | ||
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Change in employee benefits |
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$ |
58 |
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$ |
78 | ||
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$ |
1,933 |
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$ |
4,569 | ||
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Interest received |
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$ |
281 |
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$ |
72 | ||
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Income tax paid |
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$ |
(28) |
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$ |
- | ||
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|
$ |
253 |
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$ |
72 | ||
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Net cash provided by operating activities |
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$ |
2,690 |
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$ |
659 | ||
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Cash flows from investing activities: |
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Proceeds from (investment in) short-term investments, net |
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$ |
(2,244) |
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$ |
8,957 | ||
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Investments in long-term investments |
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$ |
(3,354) |
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$ |
(98) | ||
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Purchase of property and equipment |
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$ |
(488) |
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$ |
(809) | ||
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Net cash provided by investing activities |
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$ |
(6,086) |
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$ |
8,050 | ||
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Cash flows from financing activities: |
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Proceeds from exercise of share options by employees |
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$ |
4,122 |
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$ |
2,259 | ||
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Net cash provided by financing activities |
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$ |
4,122 |
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$ |
2,259 | ||
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Net increase in cash and cash equivalents |
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$ |
726 |
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$ |
10,968 | ||
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Cash and cash equivalents at the beginning of the period |
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$ |
46,376 |
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$ |
14,954 | ||
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Effect of exchange rate differences on balances of |
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cash and cash equivalents |
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$ |
(99) |
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$ |
(26) | ||
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Cash and cash equivalents at the end of the period |
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$ |
47,003 |
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$ |
25,896 | ||
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Supplementary cash flows information: |
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Purchase of property and equipment in credit |
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$ |
(7) |
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$ |
(148) | ||
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Classification of inventory to fixed assets |
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$ |
50 |
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$ |
300 | ||
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