Alphatec Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities: | |||
| Net loss | $(162,123) | $(186,638) | $(151,293) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 78,418 | 56,139 | 41,168 |
| Stock-based compensation | 73,277 | 81,244 | 40,556 |
| Amortization of debt discount and debt issuance costs | 4,462 | 3,634 | 2,038 |
| Amortization of right-of-use assets | 4,902 | 3,543 | 2,760 |
| Write-down for excess and obsolete inventories | 15,421 | 13,608 | 9,792 |
| Loss on disposal of assets | 3,072 | 3,708 | 2,594 |
| Other | 5,194 | 455 | 1,187 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (14,589) | (12,795) | (18,832) |
| Inventories | (54,660) | (45,562) | (20,704) |
| Prepaid expenses and other current assets | (97) | (11,098) | 552 |
| Other assets | (466) | (541) | (109) |
| Accounts payable | 9,671 | 6,989 | 9,796 |
| Accrued expenses and other current liabilities | (1,781) | 17,000 | 13,508 |
| Lease liabilities | (5,495) | (3,602) | (2,678) |
| Contract liabilities | (3,261) | 1,793 | (2,280) |
| Other long-term liabilities | 3,404 | (6,362) | (3,189) |
| Net cash used in operating activities | (44,651) | (78,485) | (75,134) |
| Investing activities: | |||
| Purchases of property and equipment | (83,223) | (80,508) | (49,453) |
| Purchase of intangible assets | (9,913) | (6,467) | (8,827) |
| Acquisition of business, net of cash acquired | — | (55,000) | — |
| Net cash used in investing activities | (93,136) | (141,975) | (58,280) |
| Financing activities: | |||
| Proceeds from Revolving Credit Facility and line of credit | 174,975 | 134,000 | 62,500 |
| Repayment of Revolving Credit Facility and line of credit | (164,175) | (119,500) | (27,500) |
| Proceeds from term debt, net of debt discount | 48,000 | 148,473 | — |
| Net cash paid for common stock exercises | (560) | (1,064) | (3,041) |
| Payment of debt issuance costs | (140) | (3,321) | (1,315) |
| Proceeds from common stock offerings, net of offering costs | — | 213,181 | — |
| Repayment of OCEANEs | — | (13,315) | — |
| Other | (1,892) | (1,535) | 584 |
| Net cash provided by financing activities | 56,208 | 356,919 | 31,228 |
| Effect of exchange rate changes on cash | (551) | (185) | (366) |
| Net change in cash and cash equivalents | (82,130) | 136,274 | (102,552) |
| Cash and cash equivalents at beginning of year | 220,970 | 84,696 | 187,248 |
| Cash and cash equivalents at end of year | $138,840 | $220,970 | $84,696 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $20,316 | $17,269 | $3,860 |
| Cash paid for income taxes | $275 | $333 | $272 |
| Supplemental disclosure of noncash investing and financing activities: | |||
| Debt issuance costs | $— | $— | $2,760 |
| Financed insurance | $1,156 | $1,328 | $1,959 |
| Financed property and equipment | $— | $— | $600 |
| Purchases of property and equipment in accounts payable and accrued expenses | $8,668 | $10,406 | $2,128 |
| Purchases of intangible assets | $250 | $99 | $750 |
| Recognition of lease liability | $11,923 | $424 | $1,694 |
| Modification of lease liability for lease amendment | $— | $— | $4,288 |
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