Alphatec Holdings Inc
For the period ended Mar 31, 2024. Filed May 7, 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.
Mar 31, 2024 · Filed May 7, 2024
ATEC$7.00-5.1%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 (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net loss | $(48,495) | $(43,529) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 17,885 | 11,692 |
| Stock-based compensation | 17,322 | 16,462 |
| Amortization of debt discount and debt issuance costs | 1,058 | 697 |
| Amortization of right-of-use assets | 1,031 | 831 |
| Write-down for excess and obsolete inventories | 2,979 | 2,098 |
| Loss on disposal of assets | 832 | 716 |
| Other | 1,655 | 590 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (17,058) | (2,478) |
| Inventories | (19,514) | (8,540) |
| Prepaid expenses and other current assets | 812 | (2,309) |
| Other assets | (141) | 40 |
| Accounts payable | 6,780 | 5,820 |
| Accrued expenses | (2,551) | (705) |
| Lease liabilities | (1,047) | (763) |
| Contract liabilities | (184) | 1,883 |
| Other long-term liabilities | 198 | (829) |
| Net cash used in operating activities | (38,438) | (18,324) |
| Investing activities: | ||
| Purchase of property and equipment | (31,312) | (16,278) |
| Purchase of intangible assets | (2,306) | (538) |
| Net cash used in investing activities | (33,618) | (16,816) |
| Financing activities: | ||
| Proceeds from revolving credit facility | 42,000 | — |
| Repayment of revolving credit facility | (42,000) | (27,500) |
| Proceeds from term loan, net of debt discount | — | 98,500 |
| Payment of debt issuance costs | — | (3,193) |
| Net cash paid for common stock exercises | (4,697) | (1,106) |
| Proceeds from financed insurance | 1,156 | 1,328 |
| Other | (829) | (919) |
| Net cash (used in) provided by financing activities | (4,370) | 67,110 |
| Effect of exchange rate changes on cash | (459) | 32 |
| Net change in cash and cash equivalents | (76,885) | 32,002 |
| Cash and cash equivalents at beginning of period | 220,970 | 84,696 |
| Cash and cash equivalents at end of period | $144,085 | $116,698 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $5,463 | $3,734 |
| Supplemental disclosure of noncash activities: | ||
| Financed insurance | $1,156 | $1,328 |
| Purchases of property and equipment in accounts payable and accrued expenses | $5,795 | $1,851 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.