Edwards Lifesciences Corp
For the period ended Dec 31, 2024. Filed Feb 28, 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 28, 2025
EW$104.01-0.7%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
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net income | $4,169.7 | $1,399.4 | $1,521.9 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 155.2 | 144.9 | 139.6 |
| Non-cash operating lease cost | 27.8 | 28.2 | 27.2 |
| Stock-based compensation (Notes 2 and 16) | 162.3 | 139.4 | 126.8 |
| Gain on sale of product group (Note 5) | (3,348.2) | — | — |
| Impairment charges (Note 4) | — | — | 55.1 |
| Change in fair value of contingent consideration liabilities (Note 13) | — | (26.2) | (35.8) |
| (Gain) loss on investments, net | (5.2) | 0.1 | 51.5 |
| Deferred income taxes | (323.4) | (272.1) | (254.5) |
| Gain on remeasurement of previously held equity interest upon acquisition (Note 10) | (55.0) | — | — |
| Other | 18.4 | 8.4 | 7.8 |
| Changes in operating assets and liabilities: | |||
| Accounts and other receivables, net | 121.2 | (141.2) | (84.1) |
| Inventories | (256.1) | (289.0) | (213.4) |
| Prepaid expenses and other current assets | 22.7 | (81.8) | 0.1 |
| Accounts payable and accrued liabilities | 89.5 | 146.0 | (21.4) |
| Intellectual property agreement accrual | (36.8) | (33.0) | (45.0) |
| Income taxes | (186.7) | (5.8) | (5.6) |
| Long-term prepaid royalties (Note 3) | 8.3 | (109.9) | — |
| Other | (21.4) | (11.6) | (52.0) |
| Net cash provided by operating activities | 542.3 | 895.8 | 1,218.2 |
| Cash flows from investing activities | |||
| Capital expenditures | (252.4) | (253.0) | (244.6) |
| Purchases of held-to-maturity investments (Note 8) | (45.9) | (66.4) | (353.5) |
| Proceeds from sales and maturities of held-to-maturity investments (Note 8) | 57.5 | 97.9 | 419.5 |
| Purchases of available-for-sale investments (Note 8) | (899.9) | (9.1) | (315.8) |
| Proceeds from sales and maturities of available-for-sale investments (Note 8) | 800.1 | 617.9 | 939.6 |
| Business combinations, net of cash (Note 10) | (1,061.8) | (95.2) | — |
| Payments for acquisition options (Note 9) | (46.2) | (30.0) | (109.6) |
| Issuances of notes receivable | (63.0) | (62.5) | (52.3) |
| Collections of notes receivable | — | — | 18.0 |
| Investments in intangible assets | (30.0) | (13.3) | (20.2) |
| Proceeds from sale of product group | 3,927.4 | — | — |
| Other | (72.9) | (12.5) | (28.8) |
| Net cash provided by investing activities | 2,312.9 | 173.8 | 252.3 |
| Cash flows from financing activities | |||
| Purchases of treasury stock | (1,159.4) | (879.6) | (1,727.1) |
| Proceeds from stock plans | 179.5 | 169.9 | 146.4 |
| Other | (3.1) | (1.3) | (3.8) |
| Net cash used in financing activities | (983.0) | (711.0) | (1,584.5) |
| Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash | 38.6 | 16.8 | 19.2 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 1,910.8 | 375.4 | (94.8) |
| Cash, cash equivalents, and restricted cash at beginning of year | 1,148.0 | 772.6 | 867.4 |
| Cash, cash equivalents, and restricted cash at end of year (Note 6) | $3,058.8 | $1,148.0 | $772.6 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.