Question
Please analyze this company 10Q report and till me areas in which they are doing well and areas which need improvements. 2018 2017 Cash Flows
Please analyze this company 10Q report and till me areas in which they are doing well and areas which need improvements.
| 2018 |
|
| 2017 |
| |||
Cash Flows from Operating Activities |
|
|
|
|
|
|
|
|
Net loss |
| $ | (784,627 | ) |
| $ | (397,181 | ) |
Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
| 416,233 |
|
|
| 376,602 |
|
Stock-based compensation |
|
| 141,639 |
|
|
| 103,717 |
|
Amortization of debt discounts and issuance costs |
|
| 39,345 |
|
|
| 31,747 |
|
Inventory write-downs |
|
| 18,546 |
|
|
| 26,918 |
|
Loss on disposals of fixed assets |
|
| 52,237 |
|
|
| 41,120 |
|
Foreign currency transaction losses |
|
| 47,661 |
|
|
| 5,064 |
|
Loss related to SolarCity acquisition |
|
| - |
|
|
| 11,571 |
|
Non-cash interest and other operating activities |
|
| (3,984 | ) |
|
| (6,589 | ) |
Changes in operating assets and liabilities, net of effect of business combinations: |
|
|
|
|
|
|
|
|
Accounts receivable |
|
| (169,142 | ) |
|
| 91,541 |
|
Inventories |
|
| (322,081 | ) |
|
| (124,514 | ) |
Operating lease vehicles |
|
| (97,196 | ) |
|
| (458,965 | ) |
Prepaid expenses and other current assets |
|
| (50,001 | ) |
|
| (75,504 | ) |
MyPower customer notes receivable and other assets |
|
| (57,583 | ) |
|
| 8,006 |
|
Accounts payable and accrued liabilities |
|
| 317,983 |
|
|
| 2,531 |
|
Deferred revenue |
|
| 45,795 |
|
|
| 103,941 |
|
Customer deposits |
|
| 67,359 |
|
|
| (51,004 | ) |
Resale value guarantee |
|
| - |
|
|
| 184,579 |
|
Other long-term liabilities |
|
| (60,560 | ) |
|
| 56,609 |
|
Net cash used in operating activities |
|
| (398,376 | ) |
|
| (69,811 | ) |
Cash Flows from Investing Activities |
|
|
|
|
|
|
|
|
Purchases of property and equipment excluding capital leases, net of sales |
|
| (655,662 | ) |
|
| (552,624 | ) |
Purchases of solar energy systems, leased and to be leased |
|
| (72,975 | ) |
|
| (219,948 | ) |
Business combinations, net of cash acquired |
|
| - |
|
|
| (109,147 | ) |
Net cash used in investing activities |
|
| (728,637 | ) |
|
| (881,719 | ) |
Cash Flows from Financing Activities |
|
|
|
|
|
|
|
|
Proceeds from issuances of common stock in public offerings |
|
| - |
|
|
| 400,175 |
|
Proceeds from issuances of convertible and other debt |
|
| 1,775,481 |
|
|
| 1,838,166 |
|
Repayments of convertible and other debt |
|
| (1,389,388 | ) |
|
| (690,945 | ) |
Repayments of borrowings under Solar Bonds issued to related parties |
|
| (17,500 | ) |
|
| (90,000 | ) |
Collateralized lease (repayments) borrowings |
|
| (87,092 | ) |
|
| 186,355 |
|
Proceeds from exercises of stock options and other stock issuances |
|
| 94,018 |
|
|
| 57,307 |
|
Principal payments on capital leases |
|
| (18,787 | ) |
|
| (18,303 | ) |
Common stock and debt issuance costs |
|
| (2,913 | ) |
|
| (11,094 | ) |
Purchases of convertible note hedges |
|
| - |
|
|
| (204,102 | ) |
Proceeds from issuances of warrants |
|
| - |
|
|
| 52,883 |
|
Proceeds from investments by noncontrolling interests in subsidiaries |
|
| 73,704 |
|
|
| 142,003 |
|
Distributions paid to noncontrolling interests in subsidiaries |
|
| (52,942 | ) |
|
| (63,696 | ) |
Payments for buy-outs of noncontrolling interests in subsidiaries |
|
| (2,921 | ) |
|
| - |
|
Net cash provided by financing activities |
|
| 371,660 |
|
|
| 1,598,749 |
|
Effect of exchange rate changes on cash and cash equivalents and restricted cash |
|
| 10,102 |
|
|
| 11,643 |
|
Net (decrease) increase in cash and cash equivalents and restricted cash |
|
| (745,251 | ) |
|
| 658,862 |
|
Cash and cash equivalents and restricted cash, beginning of period |
|
| 3,964,959 |
|
|
| 3,766,900 |
|
Cash and cash equivalents and restricted cash, end of period |
| $ | 3,219,708 |
|
| $ | 4,425,762 |
|
Supplemental Non-Cash Investing and Financing Activities |
|
|
|
|
|
|
|
|
Acquisitions of property and equipment included in liabilities |
| $ | 286,975 |
|
| $ | 654,322 |
|
Estimated fair value of facilities under build-to-suit leases |
| $ | 56,169 |
|
| $ | 65,244 |
|
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