AtriCure Inc
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
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, 2024, 2023 and 2022
(In Thousands)
| 2024 · 2023 · 2022 | |||||
|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||
| Net loss | $(44,698) | $(30,438) | $(46,466) | ||
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||||
| Share-based compensation expense | 40,405 | 35,728 | 28,771 | ||
| Depreciation | 11,214 | 9,460 | 8,057 | ||
| Amortization of intangible assets | 7,519 | 5,353 | 3,653 | ||
| Amortization of deferred financing costs | 478 | 486 | 507 | ||
| Amortization of investments | 107 | 632 | 1,478 | ||
| Acquired in-process research and development expense | 12,000 | — | — | ||
| Loss on debt extinguishment | 1,362 | — | — | ||
| Other non-cash adjustments | 2,175 | 1,503 | 739 | ||
| Changes in operating assets and liabilities: | |||||
| Accounts receivable | (8,301) | (9,872) | (8,989) | ||
| Inventories | (7,740) | (21,830) | (7,305) | ||
| Other current assets | (949) | (3,084) | (515) | ||
| Accounts payable | (1,531) | 6,177 | 2,677 | ||
| Accrued liabilities | 1,199 | 11,562 | (2,966) | ||
| Other noncurrent assets and liabilities | (1,036) | (1,193) | (1,782) | ||
| Net cash provided by (used in) operating activities | 12,204 | 4,484 | (22,141) | ||
| Cash flows from investing activities: | |||||
| Purchases of available-for-sale securities | — | — | (24,637) | ||
| Sales and maturities of available-for-sale securities | 53,668 | 63,815 | 85,524 | ||
| Purchases of property and equipment | (11,459) | (11,998) | (16,881) | ||
| Proceeds from sale of property and equipment | 25 | — | — | ||
| Acquisitions, including in-process research and development | (12,000) | (30,000) | — | ||
| Net cash provided by investing activities | 30,234 | 21,817 | 44,006 | ||
| Cash flows from financing activities: | |||||
| Proceeds from revolving credit facility, net of financing costs | 61,210 | — | — | ||
| Payments on debt and leases | (62,879) | (992) | (899) | ||
| Payment of financing costs and bank fees | (1,069) | (60) | — | ||
| Proceeds from stock option exercises | 1,022 | 2,316 | 1,816 | ||
| Shares repurchased for payment of taxes on stock awards | (6,951) | (6,557) | (12,201) | ||
| Proceeds from issuance of common stock under employee stock purchase plan | 5,064 | 5,261 | 4,225 | ||
| Net cash used in financing activities | (3,603) | (32) | (7,059) | ||
| Effect of exchange rate changes on cash and cash equivalents | (424) | (58) | (361) | ||
| Net increase in cash and cash equivalents | 38,411 | 26,211 | 14,445 | ||
| Cash and cash equivalents—beginning of period | 84,310 | 58,099 | 43,654 | ||
| Cash and cash equivalents—end of period | $122,721 | $84,310 | $58,099 | ||
| Supplemental cash flow information: | |||||
| Cash paid for interest | $5,951 | $6,376 | $4,270 | ||
| Cash paid for income taxes, net of refunds | 619 | 395 | 192 | ||
| Non-cash investing and financing activities: | |||||
| Accrued purchases of property and equipment | 334 | 1,427 | 272 | ||
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