Alphatec Holdings Inc
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Oct 30, 2024
ATEC$7.00-5.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net loss | $(128,791) | $(137,560) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 58,410 | 40,120 |
| Stock-based compensation | 51,744 | 60,729 |
| Amortization of debt discount and debt issuance costs | 3,279 | 2,586 |
| Amortization of right-of-use assets | 3,499 | 2,598 |
| Write-down for excess and obsolete inventories | 10,970 | 9,188 |
| Loss on disposal of assets | 3,262 | 2,209 |
| Other | 4,993 | 1,717 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (9,479) | (4,938) |
| Inventories | (57,044) | (36,087) |
| Prepaid expenses and other current assets | 683 | (6,499) |
| Other assets | (673) | (52) |
| Accounts payable | 16,016 | 10,290 |
| Accrued expenses | (8,202) | 7,984 |
| Lease liabilities | (3,628) | (2,677) |
| Contract liabilities | (2,308) | 1,906 |
| Other long-term liabilities | 2,095 | (4,995) |
| Net cash used in operating activities | (55,174) | (53,481) |
| Investing activities: | ||
| Purchase of property and equipment | (81,248) | (54,791) |
| Purchase of intangible assets | (8,142) | (3,971) |
| Acquisition of business | — | (55,000) |
| Net cash used in investing activities | (89,390) | (113,762) |
| Financing activities: | ||
| Proceeds from revolving credit facility | 122,175 | 92,000 |
| Repayment of revolving credit facility | (110,400) | (82,500) |
| Net cash paid for common stock exercises | (4,732) | (2,334) |
| Proceeds from financed insurance | 1,156 | 1,328 |
| Proceeds from term loan, net of debt discount | — | 148,473 |
| Repayment of debt issuance costs | — | (3,321) |
| Proceeds from common stock offering, net of offering costs | — | 67,428 |
| Repayment of OCEANEs | — | (13,315) |
| Other | (2,633) | (2,411) |
| Net cash provided by financing activities | 5,566 | 205,348 |
| Effect of exchange rate changes on cash | (996) | (275) |
| Net change in cash and cash equivalents | (139,994) | 37,830 |
| Cash and cash equivalents at beginning of period | 220,970 | 84,696 |
| Cash and cash equivalents at end of period | $80,976 | $122,526 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $15,342 | $11,202 |
| Cash paid for income taxes | $275 | $247 |
| Supplemental disclosure of noncash activities: | ||
| Financed insurance | $1,156 | $1,328 |
| Purchase of property and equipment in accounts payable and accrued expenses | $— | $7,156 |
| Recognition of lease liabilities | $11,923 | $424 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.