ARTIVION INC
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
AORT$20.47-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Six Months EndedJune 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Net cash flows from operating activities: | ||
| Net income (loss) | $5,412 | $(16,914) |
| Adjustments to reconcile net income (loss) to net cash from operating activities: | ||
| Depreciation and amortization | 11,800 | 11,501 |
| Non-cash compensation | 7,730 | 7,279 |
| Non-cash lease expense | 3,897 | 3,631 |
| Loss on extinguishment of debt | 3,669 | — |
| Write-down of inventories and deferred preservation costs | 1,508 | 2,021 |
| Deferred income taxes | 994 | (8,073) |
| Fair value adjustment of long-term loan | — | 5,000 |
| Gain from sale of non-financial assets | — | (14,250) |
| Change in fair value of contingent consideration | (15,680) | 15,700 |
| Other | 1,178 | 1,836 |
| Changes in operating assets and liabilities: | ||
| Inventories and deferred preservation costs | (2,165) | (6,921) |
| Prepaid expenses and other assets | (5,224) | (2,317) |
| Accounts payable, accrued expenses, and other liabilities | (6,031) | 1,607 |
| Receivables | (6,446) | 655 |
| Net cash flows provided by operating activities | 642 | 755 |
| Net cash flows from investing activities: | ||
| Proceeds from sale of non-financial assets, net | — | 14,250 |
| Payments for Endospan Agreement | — | (5,000) |
| Capital expenditures | (6,124) | (5,015) |
| Net cash flows (used in) provided by investing activities | (6,124) | 4,235 |
| Net cash flows from financing activities: | ||
| Proceeds from issuance of debt | 190,000 | — |
| Proceeds from revolving credit facility | 30,000 | — |
| Proceeds from exercise of stock options and issuance of common stock | 3,587 | 2,581 |
| Proceeds from financing insurance premiums | — | 3,558 |
| Principal payments on short-term notes payable | (1,027) | (529) |
| Payment of debt issuance costs | (10,044) | — |
| Repayment of debt | (211,688) | (1,381) |
| Other | (272) | (825) |
| Net cash flows provided by financing activities | 556 | 3,404 |
| Effect of exchange rate changes on cash and cash equivalents | 1,005 | 1,030 |
| (Decrease) increase in cash and cash equivalents | (3,921) | 9,424 |
| Cash and cash equivalents beginning of period | 58,940 | 39,351 |
| Cash and cash equivalents end of period | $55,019 | $48,775 |
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