Stock Analysis on Net
Stock Analysis on Net

DexCom Inc. (NASDAQ:DXCM)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 26, 2023.

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

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DexCom Inc., consolidated cash flow statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Net income (loss)
Depreciation and amortization
Share-based compensation
Collaborative research and development fee
Loss on extinguishment of debt
Non-cash interest expense
Non-cash collaborative research and development fee through issuance of common stock
Unrealized gain on equity investment
Realized (gain) loss on equity investment
Deferred income taxes
Other non-cash income and expenses
Accounts receivable, net
Inventory
Prepaid and other assets
Operating lease right-of-use assets and liabilities, net
Accounts payable and accrued liabilities
Accrued payroll and related expenses
Deferred revenue and other liabilities
Changes in operating assets and liabilities
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities
Net cash provided by (used in) operating activities
Purchases of marketable securities
Proceeds from sale and maturity of marketable securities
Purchases of property and equipment
Acquisitions, net of cash acquired
Other investing activities
Net cash (used in) provided by investing activities
Net proceeds from issuance of common stock
Purchases of treasury stock
Proceeds from issuance of senior convertible notes, net of issuance costs
Repurchase of convertible notes
Purchases of capped call transactions
Payments for conversions of senior convertible notes
Proceeds from sale of warrants
Purchase of convertible note hedge
Other financing activities
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash, cash equivalents and restricted cash
Increase (decrease) in cash, cash equivalents and restricted cash

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The financial data over the observed periods indicate variable performance with certain notable trends in profitability, operating efficiency, investing, and financing activities.

Profitability
The net income shows considerable volatility, moving from losses to gains without a consistent pattern. There were significant losses at the end of 2018 and intermittent losses in later quarters, while certain quarters, particularly in 2020 and 2023, recorded substantial net income gains. The lack of consistent profitability highlights sensitivity to operational and external factors.
Non-Cash Adjustments
Depreciation and amortization expenses steadily increased over time, suggesting ongoing capital investment and asset aging. Share-based compensation also trended upward, which could reflect an expanding workforce or increased incentive structures. Non-cash interest expense remained relatively stable until a marked decrease in late periods. Other non-cash income and expenses displayed fluctuations, occasionally showing significant positive adjustments that affected operating cash flows.
Working Capital Components
Accounts receivable and inventory figures fluctuated widely, with large negative balances in some quarters indicating possible write-downs, returns, or collection challenges. Accounts payable and accrued liabilities generally increased, especially in later years, which may imply extended payment terms or increased operational scale. Accrued payroll and related expenses showed instability, oscillating between positive and negative extremes, potentially indicating changes in staff levels or payroll timing. Deferred revenue and other liabilities were variable but with no clear directional trend.
Operating Activities
Net cash from operating activities exhibited a general upward trend, with higher positive cash inflows particularly after 2019, reflecting improved operational cash generation despite net income volatility. Adjustments to reconcile net income to operating cash flow also varied but showed substantial positive amounts in key quarters supporting strong cash flow generation.
Investing Activities
Purchases of marketable securities demonstrated a pattern of significant investment outflows with occasional sell-offs generating large inflows, pointing to active portfolio management. Purchases of property and equipment consistently showed substantial outlays, peaking in certain periods, confirming ongoing investment in fixed assets. The net cash from investing activities was sporadic, alternating between substantial inflows and heavy outflows, underscoring fluctuating capital deployment and liquidity management strategies.
Financing Activities
Financing cash flows were marked by significant one-off transactions such as issuance of senior convertible notes and repurchases, with large cash inflows in some quarters and substantial cash uses in others. Issuance of common stock was steady but moderate. Purchases of treasury stock were minimal and sporadic except for isolated spikes indicating share repurchase programs. Other financing activities remained relatively small and consistent in scale over time.
Currency Effects and Overall Cash Position
Effects of exchange rate changes on cash were relatively minor but occasionally negative, reflecting some currency exposure. The overall increase or decrease in cash and equivalents was highly variable, with some quarters showing strong cash accumulation while others experienced sizable reductions, aligned with the combined volatility in operating, investing, and financing cash flows.

In summary, the data illustrate a company undergoing dynamic financial changes with strong cash flow generation from operations despite fluctuations in net income. Capital expenditures and marketable securities activities highlight active asset management and investment strategies. Financing activity is characterized by episodic large transactions impacting cash position. Working capital elements exhibit considerable variability, which may influence liquidity and operational efficiency. The patterns suggest a business adapting to growth opportunities and financial structuring challenges over the periods analyzed.