Simulations Plus Inc
For the period ended Aug 31, 2024. Filed Oct 30, 2024.
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FY2024 · Filed Oct 30, 2024
SLP$18.500.0%Stored close · as of Oct 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Years ended August 31, | |||
|---|---|---|---|
| (in thousands) | 2024 | 2023 | 2022 |
| Cash flows from operating activities | |||
| Net income | $9,954 | $9,961 | $12,483 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation and amortization | 5,665 | 3,840 | 3,574 |
| Change in fair value of contingent consideration | (1,639) | 680 | 283 |
| Amortization of investment discounts | (1,116) | (1,134) | 1,678 |
| Stock-based compensation | 6,538 | 4,828 | 3,037 |
| Deferred income taxes | (1,765) | (2,095) | (270) |
| Loss from disposal of assets | — | 6 | — |
| Impairment of other intangibles | — | 500 | — |
| Currency translation adjustments | (105) | 167 | (265) |
| (Increase) decrease in | |||
| Accounts receivable | 3,129 | 4,097 | (3,936) |
| Prepaid income taxes | (1,393) | 587 | (379) |
| Prepaid expenses and other assets | (2,143) | (501) | 1,081 |
| Increase (decrease) in | |||
| Accounts payable | (477) | (81) | (162) |
| Other liabilities | (768) | 832 | (1,437) |
| Accrued income taxes | — | (7) | — |
| Deferred revenue | (2,560) | 176 | 2,213 |
| Net cash provided by operating activities | 13,320 | 21,856 | 17,900 |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (566) | (453) | (819) |
| Purchase of short-term investments | (67,159) | (95,045) | (100,846) |
| Proceeds from maturities of short-term investments | 71,089 | 114,907 | 109,121 |
| Proceeds from sales of investments | 45,177 | — | — |
| Purchased intangibles | (541) | (601) | — |
| Business acquisition, net of cash acquired | (98,773) | (8,223) | — |
| Capitalized computer software development costs | (3,194) | (3,219) | (3,151) |
| Net cash (used in) provided by investing activities | (53,967) | 7,366 | 4,305 |
| Cash flows from financing activities | |||
| Payment of dividends | (4,796) | (4,809) | (4,846) |
| Payments on contracts payable | (2,500) | — | (3,667) |
| Proceeds from the exercise of stock options | 731 | 1,543 | 891 |
| Repurchase and retirement of common shares | — | (20,000) | — |
| Net cash used in financing activities | (6,565) | (23,266) | (7,622) |
| Net (decrease) increase in cash and cash equivalents | (47,212) | 5,956 | 14,583 |
| Cash and cash equivalents, beginning of period | $57,523 | $51,567 | $36,984 |
| Cash and cash equivalents, end of period | $10,311 | $57,523 | $51,567 |
| Supplemental disclosures of cash flow information | |||
| Income taxes paid | $5,689 | $3,204 | $3,233 |
| Non-Cash Investing and Financing Activities | |||
| Stock issued for acquisition of Lixoft | $— | $— | $1,166 |
| Creation of contract liabilities from acquisition of subsidiaries | $— | $5,900 | $— |
| Right of use assets capitalized | $212 | $227 | $624 |
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