DMC Global Inc
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 24, 2025
BOOM$7.77-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net (loss) income | $(151,960) | $34,759 | $13,833 |
| Adjustments to reconcile net (loss) income to net cash from operating activities: | |||
| Depreciation | 13,891 | 13,840 | 14,281 |
| Amortization of purchased intangible assets | 21,155 | 22,667 | 36,926 |
| Amortization of deferred debt issuance costs | 841 | 553 | 553 |
| Amortization of acquisition-related inventory valuation step-up | — | — | 430 |
| Stock-based compensation | 6,902 | 10,270 | 10,058 |
| Bad debt expense | 4,930 | 1,146 | 720 |
| Deferred income taxes | 4,219 | 970 | (599) |
| Asset impairments | 1,182 | 2,471 | — |
| Goodwill impairment | 141,725 | — | — |
| Unrealized gain on marketable securities | — | (148) | — |
| Other | (1,318) | (181) | 1,526 |
| Change in: | |||
| Accounts receivable, net | (3,484) | (12,280) | (23,828) |
| Inventories | 12,914 | (9,461) | (33,766) |
| Prepaid expenses and other | 6,885 | 15,619 | 9,118 |
| Accounts payable | 5,184 | (6,727) | 7,086 |
| Contract liabilities | 1,728 | (10,527) | 11,183 |
| Accrued expenses and other liabilities | (18,198) | 2,956 | (2,585) |
| Net cash provided by operating activities | 46,596 | 65,927 | 44,936 |
| Cash flows from investing activities: | |||
| Consideration adjustments related to acquisition of business | — | — | (2,404) |
| Investment in marketable securities | — | (12,471) | — |
| Proceeds from maturities of marketable securities | 3,000 | — | — |
| Proceeds from sales of marketable securities | 9,619 | — | — |
| Acquisition of property, plant and equipment | (17,284) | (15,974) | (18,584) |
| Proceeds from property, plant and equipment reimbursements | 993 | — | — |
| Proceeds on sale of property, plant and equipment | 103 | 344 | 62 |
| Net cash used in investing activities | (3,569) | (28,101) | (20,926) |
| Cash flows from financing activities: | |||
| Repayments on term loan | (119,375) | (17,500) | (15,000) |
| Borrowings on term loan | 50,000 | — | — |
| Borrowings on revolving loans | 90,150 | — | — |
| Repayments on revolving loans | (65,775) | — | — |
| Payments of debt issuance costs | (2,735) | — | (180) |
| Distributions to redeemable noncontrolling interest holder | (8,445) | (13,515) | (12,300) |
| Payment of deemed dividend to noncontrolling interest holder | (2,500) | — | — |
| Net proceeds from issuance of common stock to employees | 132 | 314 | 201 |
| Treasury stock purchases | (1,240) | (2,481) | (1,231) |
| Net cash used in financing activities | (59,788) | (33,182) | (28,510) |
| Effects of exchange rates on cash | 10 | 1,252 | (1,166) |
| Net (decrease) increase in cash and cash equivalents | (16,751) | 5,896 | (5,666) |
| Cash and cash equivalents, beginning of the period | 31,040 | 25,144 | 30,810 |
| Cash and cash equivalents, end of the period | $14,289 | $31,040 | $25,144 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Supplemental cash flow information: | |||
|---|---|---|---|
| Non-cash lease liabilities arising from obtaining right-of-use assets | 6,301 | 4,335 | 3,978 |
| Non-cash consideration for acquisition of business, net of cash acquired | $— | $— | $740 |
| Cash paid during the period for - | |||
| Interest | 7,486 | 9,188 | 6,236 |
| Income taxes, net | 8,695 | 4,418 | 2,860 |
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