Organogenesis Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
ORGO$0.94+3.1%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, in thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(6,812) | $5,513 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 10,008 | 7,466 |
| Amortization of intangible assets | 2,569 | 3,688 |
| Reduction in the carrying value of right-of-use assets | 6,377 | 5,964 |
| Non-cash interest expense | 313 | 321 |
| Deferred interest expense | 274 | 367 |
| Provision recorded for credit losses | 3,723 | 1,320 |
| Deferred tax benefit | (7,887) | — |
| Loss on disposal of property and equipment | 444 | 104 |
| Adjustment for excess and obsolete inventories | 5,884 | 4,351 |
| Stock-based compensation | 7,687 | 6,630 |
| Impairment of property and construction (Note 6) | 18,842 | — |
| Write down of capitalized internal-use software costs (Note 6) | 3,959 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (22,996) | (1,761) |
| Inventories | (5,749) | (7,473) |
| Prepaid expenses and other current assets and other assets | (4,052) | (4,491) |
| Operating leases | (9,253) | (6,282) |
| Accounts payable | (6,022) | (3,661) |
| Accrued expenses and other current liabilities | 5,882 | 8,179 |
| Other liabilities | 80 | 68 |
| Net cash provided by operating activities | 3,271 | 20,303 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (6,671) | (21,040) |
| Net cash used in investing activities | (6,671) | (21,040) |
| Cash flows from financing activities: | ||
| Payments of term loan under the 2021 Credit Agreement | (4,219) | (3,281) |
| Principal repayments of finance lease obligations | (804) | (114) |
| Payments of withholding taxes in connection with RSUs vesting | (1,173) | (333) |
| Proceeds from the exercise of stock options | 184 | — |
| Net cash used in financing activities | (6,012) | (3,728) |
| Change in cash, cash equivalents and restricted cash | (9,412) | (4,465) |
| Cash, cash equivalents, and restricted cash, beginning of period | 104,338 | 103,290 |
| Cash, cash equivalents, and restricted cash, end of period | $94,926 | $98,825 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $4,105 | $3,896 |
| Cash paid for income taxes | $5,493 | $3,021 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Cumulative effect adjustment for adoption of ASU No. 2016-13 | $— | $615 |
| Change in purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities | $(222) | $4,146 |
| Right-of-use assets obtained through operating lease obligations | $1,201 | $5,138 |
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