Mazor Robotics Reports Record First Quarter Results

 


 

Mazor Robotics Ltd.

CONSOLIDATED CASH FLOW STATEMENTS

 (U.S. Dollars in thousands)



Three month period


ended March 31,


2018

(Unaudited)



2017

(Unaudited)

Cash flows from operating activities:








Loss for the period


$

(1,277)



$

(5,232)

Adjustments:








Depreciation and amortization


$

421



$

342

Finance income, net


$

(174)



$

(50)

Share-based payments


$

1,535



$

1,201

Income tax expense (tax benefit)


$

(1)



$

(243)



$

1,781



$

1,250









Change in inventory


$

(140)



$

(1,362)

Change in trade and other accounts receivable


$

3,534



$

4,771

Change in prepaid lease fees


$

5



$

(21)

Change in trade and other accounts payable


$

(1,524)



$

1,103

Change in employee benefits


$

58



$

78



$

1,933



$

4,569









Interest received


$

281



$

72

Income tax paid


$

(28)



$

-



$

253



$

72

Net cash provided by operating activities


$

2,690



$

659









Cash flows from investing activities:








Proceeds from (investment in) short-term investments, net


$

(2,244)



$

8,957

Investments in long-term investments


$

(3,354)



$

(98)

Purchase of property and equipment


$

(488)



$

(809)

Net cash provided by investing activities


$

(6,086)



$

8,050









Cash flows from financing activities:








Proceeds from exercise of share options by employees


$

4,122



$

2,259

Net cash provided by financing activities


$

4,122



$

2,259









Net increase in cash and cash equivalents


$

726



$

10,968

Cash and cash equivalents at the beginning of the period


$

46,376



$

14,954

Effect of exchange rate differences on balances of








 cash and cash equivalents


$

(99)



$

(26)

Cash and cash equivalents at the end of the period


$

47,003



$

25,896

Supplementary cash flows information:








Purchase of property and equipment in credit


$

(7)



$

(148)

Classification of inventory to fixed assets


$

50



$

300












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