Integer Holdings Corp
For the period ended Sep 27, 2024. Filed Oct 24, 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 27, 2024 · Filed Oct 24, 2024
ITGR$126.62+0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended | ||
|---|---|---|
| (in thousands) | September 27,2024 | September 29,2023 |
| Cash flows from operating activities: | ||
| Net income | $87,193 | $64,293 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 82,104 | 73,116 |
| Debt related charges included in interest expense | 2,962 | 7,126 |
| Inventory step-up amortization | 1,056 | — |
| Stock-based compensation | 18,729 | 17,099 |
| Non-cash lease expense | 6,928 | 8,124 |
| Non-cash (gain) loss on equity investments | (2,035) | 3,472 |
| Contingent consideration fair value adjustment | — | (526) |
| Other non-cash (gains) losses | 4,433 | (734) |
| Deferred income taxes | — | (5) |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable | (4,888) | (58) |
| Inventories | (31,515) | (25,785) |
| Prepaid expenses and other assets | (495) | (1,473) |
| Contract assets | (13,159) | (14,863) |
| Accounts payable | 4,295 | (869) |
| Accrued expenses and other liabilities | (5,355) | 7,401 |
| Income taxes | (8,279) | (11,692) |
| Net cash provided by operating activities | 141,974 | 124,626 |
| Cash flows from investing activities: | ||
| Acquisition of property, plant and equipment | (86,267) | (82,885) |
| Purchase of intangible asset | (250) | — |
| Proceeds from sale of property, plant and equipment | 30 | 100 |
| Acquisitions, net of cash acquired | (138,544) | — |
| Net cash used in investing activities | (225,031) | (82,785) |
| Cash flows from financing activities: | ||
| Principal payments of long-term debt | (2) | (415,938) |
| Proceeds from issuance of convertible notes, net of discount | — | 486,250 |
| Proceeds from revolving credit facility | 234,500 | 294,603 |
| Payments of revolving credit facility | (117,500) | (353,993) |
| Purchase of capped calls | — | (35,000) |
| Payment of debt issuance costs | (2,071) | (2,181) |
| Proceeds from the exercise of stock options | 742 | 2,303 |
| Tax withholdings related to net share settlements of restricted stock unit awards | (10,773) | (3,067) |
| Contingent consideration payments | — | (7,660) |
| Principal payments on finance leases | (9,772) | (854) |
| Other financing activities | 501 | — |
| Net cash provided by (used in) financing activities | 95,625 | (35,537) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (668) | 1,566 |
| Net increase in cash and cash equivalents | 11,900 | 7,870 |
| Cash and cash equivalents, beginning of period | 23,674 | 24,272 |
| Cash and cash equivalents, end of period | $35,574 | $32,142 |
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