ORASURE TECHNOLOGIES INC
For the period ended Dec 31, 2023. Filed Mar 11, 2024.
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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.
FY2023 · Filed Mar 11, 2024
OSUR$3.33-5.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| OPERATING ACTIVITIES: | |||
| Net income (loss) | $53,655 | $(17,133) | $(22,998) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Stock-based compensation | 10,729 | 11,622 | 7,807 |
| Depreciation and amortization | 20,936 | 15,308 | 11,658 |
| Loss on impairments | 10,829 | 17,101 | — |
| Other non-cash amortization | 3 | 228 | 837 |
| Provision for credit losses | (462) | (1,032) | (253) |
| Unrealized foreign currency (gain) loss | 103 | (161) | (210) |
| Interest expense on finance leases | 51 | 94 | 82 |
| Deferred income taxes | 102 | (1,651) | 1,026 |
| Loss on sale of fixed assets | — | 729 | — |
| Change in the estimated fair value of acquisition-related contingent consideration | (99) | (188) | (1,485) |
| Payment of acquisition-related contingent consideration | (19) | — | (142) |
| Changes in assets and liabilities: | |||
| Accounts receivable | 31,116 | (25,162) | (6,451) |
| Inventories | 48,228 | (43,274) | (21,210) |
| Prepaid expenses and other assets | (2,499) | (7,091) | (8,674) |
| Accounts payable | (26,976) | 2,634 | 3,234 |
| Deferred revenue | (730) | (596) | (1,891) |
| Accrued expenses and other liabilities | (3,384) | 1,370 | 3,288 |
| Net cash provided by (used in) operating activities | 141,583 | (47,202) | (35,382) |
| INVESTING ACTIVITIES: | |||
| Purchases of short-term investments | (74,652) | (22,873) | (25,822) |
| Proceeds from maturities and redemptions of short-term investments | 102,440 | 47,415 | 67,925 |
| Proceeds from sale of assets | — | 121 | — |
| Purchases of property and equipment | (5,802) | (6,774) | (21,893) |
| Purchase of property and equipment under government contracts | (4,501) | (57,135) | (26,224) |
| Proceeds from funding under government contract | 48,669 | 60,331 | 531 |
| Other investing activities | — | — | (18) |
| Net cash provided by (used in) investing activities | 66,154 | 21,085 | (5,501) |
| FINANCING ACTIVITIES: | |||
| Cash payments for lease liabilities | (1,345) | (1,381) | (686) |
| Proceeds from exercise of stock options | 269 | 15 | 246 |
| Payment of acquisition-related contingent consideration | (46) | (208) | (264) |
| Repurchase of common stock | (1,901) | (2,254) | (2,113) |
| Net cash used in financing activities | (3,023) | (3,828) | (2,817) |
| EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH | 1,713 | (2,837) | (340) |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 206,427 | (32,782) | (44,040) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 83,980 | 116,762 | 160,802 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $290,407 | $83,980 | $116,762 |
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