SUPERNUS PHARMACEUTICALS INC
For the period ended Mar 31, 2024. Filed May 8, 2024.
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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, 2024 · Filed May 8, 2024
SUPN$28.75+4.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (unaudited) | ||
| Cash flows from operating activities | ||
| Net earnings | $124 | $16,948 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||
| Depreciation and amortization | 20,749 | 20,601 |
| Amortization of deferred financing costs and debt discount | — | 532 |
| Amortization of premium/discount on marketable securities | 1,894 | (1,056) |
| Change in fair value of contingent consideration | (1,095) | (1,647) |
| Other noncash adjustments, net | 2,449 | 2,459 |
| Share-based compensation expense | 5,897 | 6,306 |
| Deferred income tax benefit | (5,482) | (435) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (3,579) | 21,971 |
| Inventories | 1,990 | (1,851) |
| Prepaid expenses and other assets | (7,517) | (341) |
| Accrued product returns and rebates | 12,952 | (3,813) |
| Accounts payable and other liabilities | 10,019 | (10,548) |
| Net cash provided by operating activities | 38,401 | 49,126 |
| Cash flows from investing activities | ||
| Purchases of marketable securities | (193,700) | — |
| Sales and maturities of marketable securities | 142,324 | 240,058 |
| Purchases of property and equipment | (248) | (278) |
| Net cash provided by (used in) investing activities | (51,624) | 239,780 |
| Cash flows from financing activities | ||
| Proceeds from Credit Line | — | 93,000 |
| Payments on Credit Line | — | (14,637) |
| Proceeds from issuance of common stock | 2,910 | 2,256 |
| Employee taxes paid related to net share settlement of equity awards | (1,340) | (445) |
| Net cash provided by financing activities | 1,570 | 80,174 |
| Net change in cash, cash equivalents, and restricted cash | (11,653) | 369,080 |
| Cash and cash equivalents at beginning of year | 75,054 | 93,120 |
| Cash, cash equivalents, and restricted cash at end of period | $63,401 | $462,200 |
| Supplemental cash flow information | ||
| Cash paid for income taxes | $336 | $203 |
| Cash paid for operating leases | 4,002 | 3,457 |
| Noncash operating and investing activities | ||
| Lease assets obtained for new operating leases | $2,604 | $2,601 |
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