CHARLES RIVER LABORATORIES INTERNATIONAL INC
For the period ended Dec 30, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
CRL$345.80-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for fiscal years
| Fiscal Year | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows relating to operating activities | |||
| Net income | $480,370 | $492,608 | $398,837 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 314,124 | 303,870 | 265,540 |
| Stock-based compensation | 72,048 | 73,617 | 71,474 |
| Loss on debt extinguishment and amortization of other financing costs | 3,967 | 4,118 | 29,964 |
| Deferred income taxes | (50,903) | (35,884) | (24,006) |
| Long-lived asset impairment charges | 41,911 | 5,816 | 733 |
| (Gain) loss on venture capital and strategic equity investments, net | (97,827) | 26,775 | 30,420 |
| Provision for credit losses | 18,225 | 6,706 | 1,657 |
| Loss (gain) on divestitures, net | 961 | (123,405) | (25,026) |
| Changes in fair value of contingent consideration arrangements | 1,810 | (3,753) | (34,303) |
| Other, net | 1,592 | 21,726 | 2,567 |
| Changes in assets and liabilities: | |||
| Trade receivables and contract assets, net | (33,434) | (150,570) | (26,633) |
| Inventories | (62,301) | (78,523) | (25,159) |
| Accounts payable | (20,427) | (2,652) | 44,901 |
| Accrued compensation | 12,447 | (42,164) | 44,304 |
| Deferred revenue | (21,743) | 57,658 | (13,402) |
| Customer contract deposits | (15,564) | 30,457 | 16,925 |
| Other assets and liabilities, net | 38,642 | 33,240 | 2,006 |
| Net cash provided by operating activities | 683,898 | 619,640 | 760,799 |
| Cash flows relating to investing activities | |||
| Acquisition of businesses and assets, net of cash acquired | (194,785) | (283,392) | (1,293,095) |
| Capital expenditures | (318,528) | (324,733) | (228,772) |
| Purchases of investments and contributions to venture capital investments | (54,215) | (158,274) | (45,555) |
| Proceeds from sale of investments | 6,667 | 4,549 | 6,532 |
| Proceeds from sale of businesses, net | — | 163,275 | 122,694 |
| Other, net | (2,294) | (9,347) | 264 |
| Net cash used in investing activities | (563,155) | (607,922) | (1,437,932) |
| Cash flows relating to financing activities | |||
| Proceeds from long-term debt and revolving credit facility | 776,353 | 2,952,430 | 6,951,113 |
| Proceeds from exercises of stock options | 25,597 | 25,110 | 45,652 |
| Payments on long-term debt, revolving credit facility, and finance lease obligations | (851,676) | (2,932,636) | (6,242,877) |
| Purchase of treasury stock | (24,155) | (38,651) | (40,707) |
| Payment of debt extinguishment and financing costs | — | — | (38,255) |
| Payments of contingent consideration | (2,711) | (10,356) | (2,328) |
| Purchases of additional equity interests, net | (4,784) | (30,533) | — |
| Other, net | (4,145) | (7,761) | — |
| Net cash (used in) provided by financing activities | (85,521) | (42,397) | 672,598 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 8,044 | 25,579 | 17,730 |
| Net change in cash, cash equivalents, and restricted cash | 43,266 | (5,100) | 13,195 |
| Cash, cash equivalents, and restricted cash, beginning of period | 241,214 | 246,314 | 233,119 |
| Cash, cash equivalents, and restricted cash, end of period | $284,480 | $241,214 | $246,314 |
| See Notes to Consolidated Financial Statements. | |||
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