Trevena, Inc. (TRVN) Cash Flow Statement
Where TRVN’s cash came from and went, 2023
December 31, 2023 · U.S. dollars- Cash from operations
- −$33.0M
- Capital expenditures
- $41,000 1.3% of revenue
- Free cash flow
- −$33.1M −1,058.4% margin
- Returned to shareholders
- $2,000
- Change in cash
- −$6.8M cash at year-end $33.5M
Drawn to scale: where the cash came from and how it was used. Hover for values.
TRVN operating cash flow, capex and free cash flow
TRVN cash flow trends, 2014–2023
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$39.8M2014 | −$33.0M2023 | — | |
| Capital expenditures | $440,3812014 | $41,0002023 | −23.2%/yr | |
| Free cash flow | −$40.2M2014 | −$33.1M2023 | — | |
| Free cash flow margin | −647.2%2015 | −1,058.4%2023 | −411.2 pts | |
| Stock-based compensation | $2.4M2014 | $2.9M2023 | +2.3%/yr | |
| Dividends paid | $02014 | $37,0002022 | — | |
| Share buybacks (net) | $02014 | $2,0002023 | — | |
| Capex / revenue | 6.0%2015 | 1.3%2023 | −4.7 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TRVN cash flow by activity
TRVN net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
TRVN cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$40.3M | −$53.7M | −$51.6M | −$29.4M | −$24.9M | −$30.8M | −$71.9M | −$103.0M | −$50.5M | −$49.7M |
| Depreciation & amortization | $334,000 | $382,000 | $428,000 | $477,000 | $562,000 | $645,000 | $490,000 | $246,000 | $207,897 | $239,390 |
| Stock-based compensation | $2.9M | $3.7M | $4.4M | $3.3M | $3.2M | $4.4M | $6.4M | $5.9M | $3.4M | $2.4M |
| Change in working capital | −$355,000 | −$849,000 | −$3.9M | $3.9M | −$2.9M | −$375,000 | −$7.8M | $3.5M | $5.3M | $7.4M |
| Other non-cash items | $4.3M | −$1.0M | $407,000 | $364,000 | $272,000 | $772,000 | $1.5M | $1.8M | $1.5M | −$83,955 |
| Cash from operating activities | −$33.0M | −$51.5M | −$50.2M | −$21.4M | −$23.7M | −$25.4M | −$71.3M | −$91.6M | −$40.1M | −$39.8M |
| Investing activities | ||||||||||
| Capital expenditures | −$41,000 | −$28,000 | −$16,000 | −$27,000 | −$27,000 | −$169,000 | −$3.5M | −$605,000 | −$376,247 | −$440,381 |
| Investments (net) | $18.0M | $18,000 | −$16,000 | $3.5M | $25.6M | $21.2M | $32.8M | $37.8M | −$56.6M | −$70.7M |
| Acquisitions & other investing | −$18.0M | $28,000 | $16,000 | $0 | $27,000 | $0 | $3.5M | $605,000 | $0 | $0 |
| Cash from investing activities | −$41,000 | $18,000 | −$16,000 | $3.5M | $25.6M | $21.0M | $32.8M | $37.8M | −$56.9M | −$71.2M |
| Financing activities | ||||||||||
| Dividends paid | — | −$37,000 | −$393,000 | −$1.1M | −$158,000 | — | $0 | $0 | $0 | $0 |
| Share repurchases & issuance (net) | −$2,000 | −$37,000 | −$393,000 | −$1.1M | −$158,000 | $33.3M | $21.1M | $32.3M | $91.2M | $107.4M |
| Net borrowing (repayment) | $14.8M | $13.9M | −$8,000 | −$5.0M | −$12.7M | −$12.7M | $9.9M | −$4,000 | $16.4M | $1.8M |
| Shares issued | $15.5M | $9.6M | $7.9M | $101.0M | $10.3M | $33.2M | $0 | $0 | $0 | $0 |
| Other financing | −$4.0M | $37,000 | $580,000 | $1.2M | $174,000 | −$33.2M | $0 | $0 | $0 | $0 |
| Cash from financing activities | $26.3M | $23.5M | $7.7M | $95.0M | −$2.5M | $20.6M | $31.0M | $32.3M | $107.6M | $109.2M |
| Summary | ||||||||||
| Net change in cash | −$6.8M | −$28.0M | −$42.5M | $77.1M | −$581,000 | $16.2M | −$7.5M | −$21.4M | $10.6M | −$1.8M |
| Cash at end of period | $33.5M | $40.3M | $68.2M | $110.7M | $33.6M | $34.2M | $18.0M | $25.5M | $46.8M | $36.2M |
| Free cash flow | −$33.1M | −$51.5M | −$50.2M | −$21.4M | −$23.7M | −$25.5M | −$74.8M | −$92.2M | −$40.5M | −$40.2M |
| Free cash flow margin | −1,058.4% | — | −8,855.9% | −698.0% | −76,345.2% | −445.6% | — | −2,457.6% | −647.2% | — |
| Capex / revenue | 1.3% | — | 2.8% | 0.9% | 87.1% | 2.9% | — | 16.1% | 6.0% | — |
| Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$4.9M | −$4.9M | −$7.7M | −$16.5M | −$7.9M | −$8.0M | −$7.8M | −$7.0M | −$15.3M | −$15.0M | −$16.4M | −$14.0M |
| Depreciation & amortization | $95,000 | $89,000 | $88,000 | $85,000 | $84,000 | $83,000 | $82,000 | $82,000 | $90,000 | $105,000 | $105,000 | $106,000 |
| Stock-based compensation | $556,000 | $588,000 | $681,000 | $733,000 | $689,000 | $702,000 | $806,000 | $749,000 | $764,000 | $1.0M | $1.2M | $1.1M |
| Change in working capital | $63,000 | −$1.5M | −$811,000 | $3.0M | −$1.5M | −$1.6M | −$1.7M | −$1.1M | $1.8M | $1.7M | −$3.2M | −$14,000 |
| Other non-cash items | −$278,000 | −$1.5M | −$1.7M | $6.7M | −$282,000 | $1.6M | −$2.3M | −$3.4M | $2.0M | $201,000 | $114,000 | $109,000 |
| Cash from operating activities | −$4.5M | −$7.2M | −$9.4M | −$6.0M | −$8.9M | −$7.2M | −$10.9M | −$10.7M | −$10.6M | −$11.9M | −$18.3M | −$12.6M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | $0 | −$21,000 | −$21,000 | $0 | −$20,000 | $0 | −$27,972 | −$28,000 | −$28,000 | −$28,000 | −$16,000 |
| Investments (net) | $0 | — | — | −$21,000 | $0 | — | — | $18.0M | $12.0M | −$30.0M | −$30.0M | $1.2M |
| Acquisitions & other investing | — | — | $0 | — | — | $0 | — | $27,972 | $0 | $28,000 | $28,000 | $16,000 |
| Cash from investing activities | — | — | −$21,000 | — | — | −$20,000 | — | $18.0M | $12.0M | −$30.0M | −$30.0M | $1.2M |
| Financing activities | ||||||||||||
| Dividends paid | — | — | — | — | — | — | — | −$37,000 | −$14.5M | — | — | — |
| Share repurchases & issuance (net) | — | — | −$2,000 | — | — | — | — | −$37,000 | −$14.5M | — | — | −$276,000 |
| Net borrowing (repayment) | $1.7M | −$2,000 | −$3,000 | — | — | — | — | −$4,000 | $13.9M | −$1,000 | −$2,000 | −$2,000 |
| Shares issued | $0 | $0 | $0 | $2.0M | $1.0M | $0 | $0 | $8.0M | $1.6M | $0 | $0 | $0 |
| Other financing | $0 | $0 | $2,000 | $2.0M | $14.8M | $6.5M | −$2,000 | $37,000 | $14.5M | $14.5M | $0 | $7,000 |
| Cash from financing activities | $1.7M | −$2,000 | −$3,000 | $4.0M | $15.8M | $6.5M | −$2,000 | $8.0M | $1.1M | $14.5M | −$2,000 | −$271,000 |
| Summary | ||||||||||||
| Net change in cash | −$2.6M | −$7.2M | −$9.4M | −$2.0M | $6.9M | −$767,000 | −$10.9M | $15.3M | $2.5M | −$27.5M | −$18.3M | −$11.7M |
| Cash at end of period | $14.1M | $16.4M | $23.6M | $35.0M | $35.5M | $28.6M | $29.4M | $40.3M | $25.0M | $22.5M | $50.0M | $68.2M |
| Free cash flow | −$4.5M | −$7.2M | −$9.4M | −$6.0M | −$8.9M | −$7.3M | −$10.9M | −$10.6M | −$10.6M | −$11.9M | −$18.3M | −$12.6M |
| Free cash flow margin | −1,591.2% | −2,210.2% | −47,100.0% | — | −4,958.9% | −240.6% | −181,233.3% | — | — | — | −91,285.0% | — |
| Capex / revenue | 0.0% | 0.0% | 105.0% | — | 0.0% | 0.7% | 0.0% | — | — | — | 140.0% | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
TRVN cash generation
In fiscal 2023 (ended December 31, 2023), Trevena generated -$33.0 million of cash from operations and spent $0.0 million on capital expenditures, leaving free cash flow of -$33.1 million, −1,058.4% of revenue. It returned $0.0 million to shareholders through dividends ($0) and net share buybacks ($0.0 million). Cash and equivalents fell by $6.8 million over the year.
Related: TRVN income statement, TRVN balance sheet. See the TRVN stock overview for the latest quote and news.
TRVN cash flow FAQ
What is Trevena's free cash flow?
Trevena's free cash flow was -$33.1 million in fiscal 2023: -$33.0 million of operating cash flow minus $0.0 million of capital expenditures It was -$51.5 million a year earlier..
How much cash does Trevena generate from operations?
Trevena generated -$33.0 million of cash from operating activities in fiscal 2023.
How much does Trevena spend on capital expenditures?
Trevena spent $0.0 million on capital expenditures in fiscal 2023, 1.3% of revenue, compared with $0.0 million the year before.
How much stock does Trevena buy back?
Trevena spent $0.0 million on net share repurchases in fiscal 2023.