Eargo, Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020
Operating activities:
Net loss
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
Stock-based compensation
Non-cash interest expense and amortization of debt discount
Debt issuance costs from convertible notes
Change in fair value of convertible notes
Loss on extinguishment of debt
Non-cash operating lease expense
Bad debt expense
Loss on disposal of property and equipment
Change in fair value of financial instruments
Changes in operating assets and liabilities:
Accounts receivable
Inventories
Prepaid expenses and other noncurrent and current assets
Other assets
Accounts payable
Accrued expenses
Other current liabilities
Deferred revenue
Other liabilities
Sales returns reserve
Settlement liability
Other current and noncurrent liabilities
Operating lease liabilities
Net cash used in operating activities
Investing activities:
Purchases of property and equipment
Capitalized software development costs
Cash paid for acquisition of business
Net cash used in investing activities
Financing activities:
Proceeds from issuance of convertible notes, net of issuance costs
Payment of convertible notes issuance costs to third parties
Proceeds from issuance of common stock upon rights offering, net of issuance costs
Proceeds from debt financing
Debt repayments
Proceeds from issuance of common stock upon initial public offering, net of underwriting discounts and commissions and other offering costs
Proceeds from PPP loan
Repayment of PPP loan
Proceeds from stock options exercised
Proceeds from employee stock purchase plan purchases
Payment of taxes related to net share settlement of restricted stock units
Restricted stock units settled in cash
Payments of other offering costs related to the initial public offering
Net cash provided by financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Supplemental disclosure of cash flow information:
Cash paid for taxes
Cash paid for interest
Non-cash operating activities:
Lease liability obtained in exchange for right-of-use asset
Non-cash investing and financing activities:
Property and equipment and capitalized software costs in accounts payable and accrued liabilities
Stock-based compensation included in capitalized software costs
Convertible preferred stock issuance costs included in accounts payable
Common stock issued on conversion of convertible preferred stock upon initial public offering
Common stock issued upon conversion of convertible notes
Conversion of convertible preferred stock warrants to common stock warrants and related reclassification of convertible preferred stock warrant liability to additional paid in capital
Offering costs in accounts payable and accrued liabilities
Issuance of Series E convertible preferred stock upon extinguishment of convertible notes
Series E Convertible Preferred Stock
Total issuance of Series E convertible preferred stock upon extinguishment of convertible notes

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