LIPOCINE INC.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $-21.0M | $-19.0M | $-18.2M | $-20.4M | $-10.6M | $3.9M | $-5.2K |
| Depreciation & Amortization | $28.4K | $32.0K | $26.7K | $14.6K | $21.8K | $42.6K | — |
| Depreciation | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — |
| Stock-Based Compensation | $2.7M | $2.4M | $1.2M | $1.9M | $979.2K | $127.5K | — |
| Net Cash from Operating Activities | $-16.7M | $-18.3M | $-15.4M | $-17.3M | $-8.6M | $-3.2M | $-7.3K |
| Investing Activities | |||||||
| Capital Expenditures | $0 | $59.7K | $28.7K | $59.6K | $1.2K | $12.3K | — |
| Business Acquisitions | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $3.1M | $3.2M | $-25.0M | — | $-1.2K | $-12.3K | — |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $11.2M | $605.9K | $32.7M | — | $48.5M | $0 | $30.2K |
| Net Change in Cash | $-2.3M | $-14.4M | $-7.7M | $-17.6M | $39.9M | $-3.2M | $22.9K |
| Free Cash Flow | $-16.7M | $-18.3M | $-15.4M | $-17.4M | $-8.6M | $-3.2M | — |