Park Dental Partners, Inc.
For the period ended Mar 31, 2026. Filed May 14, 2026.
View on SEC.govAbout this filing
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.
Mar 31, 2026 · Filed May 14, 2026
PARK$21.50+2.4%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
Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
(in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three Months Ended | ||||||
| · · March 31, | ||||||
| · · 2026 · · 2025 | ||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: · · · · · | ||||||
| Net income (loss) | | $(390) | | $1,566 | ||
| Adjustments to reconcile net income to net cash flows from operating activities: | | | | | ||
| Depreciation and amortization | | 2,383 | | 2,274 | ||
| Deferred income taxes | | (470) | | — | ||
| Change in cash surrender value of life insurance | | 440 | | 335 | ||
| Loss on disposal of property and equipment | | 37 | | 63 | ||
| Noncash lease expense | | (6) | | (78) | ||
| Share based compensation | | 4,024 | | — | ||
| Changes in operating assets and liabilities | | | | | ||
| Accounts receivable | | 172 | | 299 | ||
| Prepaid expenses and other current assets | | (196) | | (261) | ||
| Accounts payable and other accrued liabilities | | 942 | | 1,120 | ||
| Payroll, benefits and deferred compensation | | | (761) | | | (246) |
| Accrued taxes | | (1,118) | | | 614 | |
| Deferred revenue and other liabilities | | | (31) | | | 173 |
| Net cash flows from operating activities | | 5,026 | | 5,859 | ||
| NET CASH FLOWS USED IN INVESTING ACTIVITIES: | | | | | ||
| Purchases of property and equipment | | $(2,305) | | $(2,420) | ||
| Life insurance premiums paid | | (273) | | (664) | ||
| Payments for purchases of dental practices | | (1,595) | | — | ||
| Issuance of notes to related parties | | | (600) | | | — |
| Net cash flows used in investing activities | | (4,773) | | (3,084) | ||
| CASH FLOWS USED IN FINANCING ACTIVITIES: | | | | | ||
| Gross borrowings on line of credit | | $— | | $5,760 | ||
| Gross repayments on line of credit | | — | | (5,760) | ||
| Dental practice purchase installment payments | | (8) | | (8) | ||
| Net change in checks issued in excess of cash balances | | (573) | | (1,328) | ||
| Payments of long-term debt | | (473) | | (478) | ||
| Payments of capital lease obligation | | (12) | | (11) | ||
| Cash paid for share repurchase | | — | | (154) | ||
| Net cash flows used in financing activities | | (1,066) | | (1,979) | ||
| NET CHANGE IN CASH AND CASH EQUIVALENTS | | (813) | | 796 | ||
| CASH AND CASH EQUIVALENTS – Beginning of period | | 25,185 | | 2,672 | ||
| CASH AND CASH EQUIVALENTS – End of period | | $24,372 | | $3,468 | ||
| SUPPLEMENTAL CASH FLOW INFORMATION – Cash paid during the period for: | | | | | ||
| Interest | | $284 | | $341 | ||
| Purchases of property and equipment in accounts payable | | $1,473 | | $1,012 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.