TransMedics Group Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
TMDX$90.95-3.0%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
Item 8. Consolidated Statements of Cash Flows
(In thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $35,464 | $(25,028) | $(36,231) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization expense | 19,758 | 8,177 | 3,478 |
| Stock-based compensation expense | 33,224 | 19,791 | 10,321 |
| Acquired in-process research and development expenses | — | 27,212 | — |
| Deferred taxes | — | (1,660) | — |
| Loss on extinguishment of debt | — | — | 575 |
| Loss on sale of marketable securities | — | — | 107 |
| Non-cash interest expense and end of term accretion expense | 3,111 | 2,128 | 465 |
| Non-cash lease expense | 1,564 | 1,041 | 717 |
| Net amortization of premiums on marketable securities | — | — | 381 |
| Unrealized foreign currency transaction (gains) losses | 665 | (342) | 1,129 |
| Loss on disposal of fixed assets | 17 | — | — |
| Changes in operating assets and liabilities, net of acquired assets and liabilities: | |||
| Accounts receivable | (34,310) | (33,816) | (21,678) |
| Inventory | (8,353) | (28,092) | (8,024) |
| Prepaid expenses and other current assets | (6,262) | (2,101) | 2,521 |
| Other non-current assets | (149) | (54) | — |
| Accounts payable | (1,396) | 6,957 | (3,270) |
| Accrued expenses and other current liabilities | 7,938 | 14,250 | 3,437 |
| Deferred revenue | (203) | 83 | — |
| Operating lease liabilities | (2,265) | (1,574) | 255 |
| Net cash provided by (used in) operating activities | 48,803 | (13,028) | (45,817) |
| Cash flows from investing activities: | |||
| Purchases of property, plant and equipment | (129,744) | (151,847) | (11,907) |
| Purchase of business, net of cash acquired | 441 | (14,894) | — |
| Purchase of in-process research and development assets | — | (27,212) | — |
| Purchases of marketable securities | — | — | (10,496) |
| Proceeds from sales and maturities of marketable securities | — | — | 76,916 |
| Net cash provided by (used in) investing activities | (129,303) | (193,953) | 54,513 |
| Cash flows from financing activities: | |||
| Proceeds from issuance of convertible senior notes, net of issuance costs paid of $14,620 | — | 445,380 | — |
| Purchases of capped calls related to convertible senior notes | — | (52,072) | — |
| Proceeds from issuance of long-term debt, net of issuance costs | — | — | 58,509 |
| Repayments of long-term debt | — | — | (36,050) |
| Proceeds from issuance of common stock in public offering, net of underwriting discounts and commissions and issuance costs paid | — | — | 139,854 |
| Proceeds from issuance of common stock upon exercise of stock options | 20,813 | 6,155 | 4,667 |
| Proceeds from issuance of common stock upon exercise of warrants | — | — | 438 |
| Proceeds from issuance of common stock in connection with employee stock purchase plan | 2,061 | 955 | 509 |
| Net cash provided by financing activities | 22,874 | 400,418 | 167,927 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (536) | 193 | (1,021) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (58,162) | 193,630 | 175,602 |
| Cash, cash equivalents and restricted cash, beginning of period | 395,312 | 201,682 | 26,080 |
| Cash, cash equivalents and restricted cash, end of period | $337,150 | $395,312 | $201,682 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $11,297 | $8,089 | $3,260 |
| Supplemental disclosure of non-cash activities: | |||
| Transfers of inventory to property, plant and equipment | $5,803 | $4,574 | $2,135 |
| Purchases of property, plant and equipment included in accounts payable and accrued expenses | $2,062 | $2,454 | $62 |
| Operating lease liabilities arising from obtaining right-of-use assets | $1,499 | $2,171 | $— |
| Conversion of convertible senior notes into common stock | $4 | $— | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.