NEOGEN CORP
For the period ended May 31, 2026. Filed Jul 30, 2026.
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FY2026 · Filed Jul 30, 2026
NEOG$11.67-3.4%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| Year Ended May 31, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Cash Flows provided by Operating Activities | |||
| Net loss | $(7.9) | $(1,092.0) | $(9.4) |
| Adjustments to reconcile net loss to net cash from operating activities: | |||
| Depreciation and amortization | 116.3 | 119.5 | 116.7 |
| Deferred income taxes | (24.3) | (57.8) | (27.4) |
| Share-based compensation | 13.4 | 17.3 | 13.8 |
| Loss on disposal of property and equipment | 1.2 | — | 1.1 |
| Amortization of debt issuance costs | 2.0 | 3.2 | 3.4 |
| Goodwill and other asset impairment | — | 1,068.7 | 0.6 |
| Loss on refinancing and extinguishment of debt | 0.4 | 1.9 | — |
| Right of use asset amortization | 5.6 | 6.2 | 4.5 |
| Gain on sale of business | (76.4) | — | — |
| Other | 0.8 | (2.8) | 4.7 |
| Changes in operating assets and liabilities, net of business acquisitions: | |||
| Accounts receivable, net | 6.8 | 11.6 | (20.1) |
| Inventories, net | 38.2 | (16.1) | (55.9) |
| Prepaid expenses and other current assets | (6.7) | (1.5) | 11.1 |
| Accounts payable and accrued liabilities | 19.8 | (0.4) | 13.8 |
| Changes in other non-current assets and non-current liabilities | (6.0) | 0.4 | (21.6) |
| Net Cash provided by Operating Activities | 83.2 | $58.2 | $35.3 |
| Cash Flows provided by (used for) Investing Activities | |||
| Purchase of property, equipment and other non-current intangible assets | (51.3) | (104.6) | (111.4) |
| Proceeds from the maturities of marketable securities | — | 0.3 | 82.0 |
| Proceeds from sale of business, net of cash divested | 121.7 | — | — |
| Proceeds from the sale of property and equipment and other | 0.1 | 5.1 | 0.1 |
| Net Cash provided by (used for) Investing Activities | 70.5 | $(99.2) | $(29.3) |
| Cash Flows (used for) provided by Financing Activities | |||
| Issuance of shares related to equity compensation and employee stock purchase plan shares | 1.6 | 2.2 | 2.4 |
| Tax payments related to share-based awards | (0.9) | (1.5) | (0.1) |
| Proceeds from issuance of long-term debt | — | 450.0 | — |
| Repayment of long-term debt | (100.0) | (550.0) | — |
| Proceeds from issuance of revolving credit facility | — | 100.0 | — |
| Debt issuance costs paid | — | (2.0) | — |
| Repayment of finance lease and other | (0.1) | (0.3) | (0.4) |
| Net Cash (used for) provided by Financing Activities | (99.4) | $(1.6) | $1.9 |
| Effects of Foreign Exchange Rate on Cash | 2.2 | 1.0 | (0.5) |
| Net Increase (Decrease) in Cash and Cash Equivalents | 56.5 | (41.6) | 7.4 |
| Cash and Cash Equivalents, Beginning of Year | 129.0 | 170.6 | 163.2 |
| Cash and Cash Equivalents, End of Year | $185.5 | $129.0 | $170.6 |
| Supplementary Cash Flow Information | |||
| Cash paid for interest | $58.3 | $68.1 | $73.2 |
| Property and equipment obtained for noncash consideration | $— | $0.9 | $— |
| Income taxes paid, net of refunds | $17.7 | $26.5 | $22.3 |
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