INSULET CORP
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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.
Mar 31, 2025 · Filed May 9, 2025
PODD$148.06-1.2%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 (Unaudited) for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, | ||
|---|---|---|
| (in millions) | 2025 | 2024 |
| Cash flows from operating activities | ||
| Net income | $35.4 | $51.5 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 21.7 | 18.8 |
| Stock-based compensation expense | 18.2 | 14.2 |
| Non-cash interest expense | 2.5 | 2.0 |
| Loss on extinguishment of debt | 39.5 | — |
| Provision for credit losses | 4.8 | 1.2 |
| Other | 6.7 | 0.1 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (27.2) | 3.5 |
| Accounts receivable — related party | (6.2) | 33.1 |
| Inventories | (6.6) | (29.6) |
| Prepaid expenses and other assets | (12.8) | (0.4) |
| Accounts payable | 36.5 | 55.5 |
| Accrued expenses and other liabilities | (48.8) | (62.4) |
| Accrued expenses and other liabilities — related party | 0.1 | 0.1 |
| Net cash provided by operating activities | 63.8 | 87.6 |
| Cash flows from investing activities | ||
| Capital expenditures | (12.3) | (22.1) |
| Investments in developed software | (3.4) | (1.9) |
| Net cash used in investing activities | (15.7) | (24.0) |
| Cash flows from financing activities | ||
| Proceeds from issuance of senior unsecured notes, net of issuance costs | 440.7 | — |
| Repayment of convertible debt | (163.9) | — |
| Settlement of capped call options | 23.1 | — |
| Repayment of term loan B | (1.3) | (1.3) |
| Repayment of equipment financings | (3.5) | (7.2) |
| Financing lease payments | — | (5.8) |
| Repayment of mortgage | (0.6) | (0.6) |
| Proceeds from secured borrowing (note 3) | 15.4 | — |
| Repayment of secured borrowing (note 3) | (13.4) | — |
| Proceeds from exercise of stock options | 2.5 | 5.8 |
| Payment of withholding taxes in connection with vesting of restricted stock units | (21.2) | (5.0) |
| Net cash provided by (used in) financing activities | 277.8 | (14.1) |
| Effect of exchange rate changes on cash and cash equivalents | 3.8 | (2.5) |
| Net increase in cash, cash equivalents and restricted cash | 329.7 | 47.0 |
| Cash and cash equivalents at beginning of period | 953.4 | 704.2 |
| Cash and cash equivalents at end of period | $1,283.1 | $751.2 |
| Supplemental noncash information: | ||
| Purchases of property and equipment included in accounts payable and accrued expenses | $3.5 | $7.0 |
| Purchases of property, plant and equipment included in long-term debt | $2.4 | $— |
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