AtriCure Inc
For the period ended Dec 31, 2023. Filed Feb 16, 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 Feb 16, 2024
ATRC$56.26-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2023, 2022 and 2021
(In Thousands)
| 2023 · 2022 · 2021 | |||||
|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||
| Net (loss) income | $(30,438) | $(46,466) | $50,199 | ||
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | |||||
| Share-based compensation expense | 35,728 | 28,771 | 28,078 | ||
| Depreciation | 9,460 | 8,057 | 7,534 | ||
| Amortization of intangible assets | 5,353 | 3,653 | 2,907 | ||
| Amortization of deferred financing costs | 486 | 507 | 759 | ||
| Amortization of investments | 632 | 1,478 | 2,482 | ||
| Change in fair value of contingent consideration | — | — | (184,800) | ||
| Intangible asset impairment | — | — | 82,300 | ||
| Other non-cash adjustments | 1,503 | 739 | 1,607 | ||
| Changes in operating assets and liabilities: | |||||
| Accounts receivable | (9,872) | (8,989) | (10,087) | ||
| Inventories | (21,830) | (7,305) | (4,274) | ||
| Other current assets | (3,084) | (515) | (700) | ||
| Accounts payable | 6,177 | 2,677 | 4,710 | ||
| Accrued liabilities | 11,562 | (2,966) | 8,271 | ||
| Other noncurrent assets and liabilities | (1,193) | (1,782) | (2,766) | ||
| Net cash provided by (used in) operating activities | 4,484 | (22,141) | (13,780) | ||
| Cash flows from investing activities: | |||||
| Purchases of available-for-sale securities | — | (24,637) | (173,105) | ||
| Sales and maturities of available-for-sale securities | 63,815 | 85,524 | 206,362 | ||
| Purchases of property and equipment | (11,998) | (16,881) | (9,753) | ||
| Acquisition of intellectual property | (30,000) | — | — | ||
| Net cash provided by investing activities | 21,817 | 44,006 | 23,504 | ||
| Cash flows from financing activities: | |||||
| Proceeds from debt borrowings | — | — | 5,000 | ||
| Payments on debt and finance leases | (992) | (899) | (5,816) | ||
| Payment of debt fees | (60) | — | (1,171) | ||
| Proceeds from stock option exercises | 2,316 | 1,816 | 8,175 | ||
| Shares repurchased for payment of taxes on stock awards | (6,557) | (12,201) | (18,011) | ||
| Proceeds from issuance of common stock under employee stock purchase plan | 5,261 | 4,225 | 4,181 | ||
| Net cash used in financing activities | (32) | (7,059) | (7,642) | ||
| Effect of exchange rate changes on cash and cash equivalents | (58) | (361) | (372) | ||
| Net increase in cash and cash equivalents | 26,211 | 14,445 | 1,710 | ||
| Cash and cash equivalents—beginning of period | 58,099 | 43,654 | 41,944 | ||
| Cash and cash equivalents—end of period | $84,310 | $58,099 | $43,654 | ||
| Supplemental cash flow information: | |||||
| Cash paid for interest | $6,376 | $4,270 | $4,223 | ||
| Cash paid for income taxes, net of refunds | 395 | 192 | 190 | ||
| Non-cash investing and financing activities: | |||||
| Accrued purchases of property and equipment | 1,427 | 272 | 1,552 | ||
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