Guardian Pharmacy Services Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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.
Sep 30, 2024 · Filed Nov 12, 2024
GRDN$49.85+6.0%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
Consolidated Statements of Cash Flows
(UNAUDITED)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| (In thousands) | 2023 | 2024 |
| Operating activities | ||
| Net income (loss) | $23,161 | $(82,874) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 13,520 | 14,619 |
| Share-based compensation expense | 16,632 | 128,029 |
| Provision for losses on accounts receivable | 3,707 | 4,240 |
| Other | 257 | (31) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (11,958) | (17,285) |
| Inventories | 3,571 | (6,226) |
| Other current assets | (2,173) | 768 |
| Accounts payable | 10,213 | 14,158 |
| Accrued compensation | (2,396) | (3,373) |
| Other operating liabilities | 1,731 | (16,402) |
| Net cash provided by operating activities | 56,265 | 35,623 |
| Investing activities | ||
| Purchases of property and equipment | (11,793) | (11,867) |
| Payment for acquisitions | (985) | (12,460) |
| Other | 484 | 544 |
| Net cash used in investing activities | (12,294) | (23,783) |
| Financing activities | ||
| Proceeds from equity offering, net of underwriter fees | — | 119,784 |
| Payments of equity offering costs | — | (538) |
| Payments to Class B common stock stockholders | — | (55,176) |
| Borrowings from notes payable | — | 15,000 |
| Repayment of notes payable | (3,000) | (3,750) |
| Borrowings from line of credit | 198,000 | 189,300 |
| Repayments of line of credit | (196,000) | (188,300) |
| Principal payments on finance lease obligations | (3,091) | (3,309) |
| Contributions from non-controlling interests | 538 | 2,107 |
| Distributions to non-controlling interests | (11,732) | (14,279) |
| Member distributions | (28,422) | (36,050) |
| Other | (250) | (160) |
| Net cash provided by (used in) financing activities | (43,957) | 24,629 |
| Net change in cash and cash equivalents | 14 | 36,469 |
| Cash and cash equivalents, beginning of period | 607 | 752 |
| Cash and cash equivalents, end of period | $621 | $37,221 |
| Supplemental disclosure of cash flow information | ||
| Cash paid during the year for interest | $2,082 | $2,851 |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Purchases of property and equipment through finance leases | $5,562 | $2,256 |
| Accrued and capitalized offering costs recorded to additional paid-in capital | $— | $12,509 |
| Non-cash equity contributions from non-controlling members | $225 | $4,989 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.