ORASURE TECHNOLOGIES INC
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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FY2024 · Filed Mar 7, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| OPERATING ACTIVITIES: | |||
| Net (loss) income | $(19,500) | $53,655 | $(17,133) |
| Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities | |||
| Stock-based compensation | 11,920 | 10,729 | 11,622 |
| Depreciation and amortization | 10,872 | 20,936 | 15,308 |
| Loss on impairments | 4,392 | 10,829 | 17,101 |
| Other non-cash amortization | (564) | 3 | 228 |
| Provision for credit losses | 71 | (462) | (1,032) |
| Unrealized foreign currency (gain) loss | (263) | 103 | (161) |
| Interest expense on finance leases | 22 | 51 | 94 |
| Loss on equity investment | 1,700 | — | — |
| Deferred income taxes | (657) | 102 | (1,651) |
| Loss on sale of fixed assets | 563 | — | 729 |
| Change in the estimated fair value of acquisition-related contingent consideration | — | (99) | (188) |
| Payment of acquisition-related contingent consideration | — | (19) | — |
| Changes in assets and liabilities: | |||
| Accounts receivable | 15,872 | 31,116 | (25,162) |
| Inventories | 13,096 | 48,228 | (43,274) |
| Prepaid expenses and other assets | 4,089 | (2,499) | (7,091) |
| Accounts payable | (7,577) | (26,976) | 2,634 |
| Deferred revenue | (219) | (730) | (596) |
| Accrued expenses and other liabilities | (6,443) | (3,384) | 1,370 |
| Net cash provided by (used in) operating activities | 27,374 | 141,583 | (47,202) |
| INVESTING ACTIVITIES: | |||
| Purchases of short-term investments | (53,244) | (74,652) | (22,873) |
| Purchase of equity method investee | (30,000) | — | — |
| Proceeds from maturities and redemptions of short-term investments | 53,052 | 102,440 | 47,415 |
| Acquisition of business, net of cash acquired | (5,037) | — | — |
| Proceeds from sale of assets | — | — | 121 |
| Purchases of property and equipment | (3,797) | (5,802) | (6,774) |
| Purchase of property and equipment under government contracts | — | (4,501) | (57,135) |
| Proceeds from funding under government contract | — | 48,669 | 60,331 |
| Net cash (used in) provided by investing activities | (39,026) | 66,154 | 21,085 |
| FINANCING ACTIVITIES: | |||
| Cash payments for lease liabilities | (842) | (1,345) | (1,381) |
| Proceeds from exercise of stock options | 214 | 269 | 15 |
| Payment of acquisition-related contingent consideration | — | (46) | (208) |
| Repurchase of common stock | (3,548) | (1,901) | (2,254) |
| Net cash used in financing activities | (4,176) | (3,023) | (3,828) |
| EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH | (6,816) | 1,713 | (2,837) |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (22,644) | 206,427 | (32,782) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 290,407 | 83,980 | 116,762 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $267,763 | $290,407 | $83,980 |
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