Edwards Lifesciences Corp
For the period ended Sep 30, 2024. Filed Nov 6, 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 6, 2024
EW$104.01-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Statements of Cash Flows
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income | $3,785.4 | $1,029.7 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 112.6 | 108.2 |
| Non-cash operating lease cost | 21.6 | 20.7 |
| Stock-based compensation (Note 11) | 130.6 | 108.9 |
| Gain on sale of business (Note 5) | (3,337.4) | — |
| Change in fair value of contingent consideration liabilities (Note 9) | — | (26.2) |
| Deferred income taxes | (224.9) | (180.7) |
| Gain on remeasurement of previously held interest upon acquisition (Note 8) | (24.6) | — |
| Other | 2.7 | 8.8 |
| Changes in operating assets and liabilities: | ||
| Accounts and other receivables, net | 15.3 | (123.0) |
| Inventories | (204.9) | (189.7) |
| Accounts payable and accrued liabilities | 92.6 | 112.6 |
| Income taxes | 301.8 | 106.3 |
| Prepaid expenses and other current assets | 27.4 | (63.7) |
| Intellectual property agreement accrual | (24.3) | (26.0) |
| Long-term prepaid royalties (Note 3) | 6.2 | (111.9) |
| Other | (10.3) | (14.8) |
| Net cash provided by operating activities | 669.8 | 759.2 |
| Cash flows from investing activities | ||
| Capital expenditures | (202.6) | (164.7) |
| Purchases of held-to-maturity investments (Note 6) | (36.3) | (23.5) |
| Proceeds from held-to-maturity investments (Note 6) | 50.4 | 91.5 |
| Purchases of available-for-sale investments (Note 6) | (518.8) | (8.4) |
| Proceeds from available-for-sale investments (Note 6) | 539.1 | 486.9 |
| Investments in intangible assets | (25.4) | (13.3) |
| Proceeds from sale of business | 3,927.4 | — |
| Business combination, net of cash | (763.6) | (141.2) |
| Payment for acquisition options (Note 7) | (16.2) | (15.0) |
| Issuances of notes receivable | (28.0) | (47.5) |
| Other | (36.4) | (5.1) |
| Net cash provided by investing activities | 2,889.6 | 159.7 |
| Cash flows from financing activities | ||
| Purchases of treasury stock | (1,059.3) | (431.2) |
| Equity forward contract related to accelerated share repurchase agreement (Note 12) | (100.0) | — |
| Proceeds from stock plans | 150.9 | 136.7 |
| Other | (3.2) | (3.3) |
| Net cash used in financing activities | (1,011.6) | (297.8) |
| Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash | (12.4) | 20.2 |
| Net increase in cash, cash equivalents, and restricted cash | 2,535.4 | 641.3 |
| Cash, cash equivalents, and restricted cash at beginning of period | 1,148.0 | 772.6 |
| Cash, cash equivalents, and restricted cash at end of period (Note 2) | $3,683.4 | $1,413.9 |
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