SUPERNUS PHARMACEUTICALS INC
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
SUPN$28.75+4.1%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
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net earnings | $73,865 | $1,316 | $60,711 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 80,414 | 84,859 | 85,543 |
| Other income from Navitor (see Note 4) | — | — | (12,888) |
| Intangible asset impairment charges | — | 20,189 | — |
| Amortization of deferred financing costs and debt discount | — | 532 | 2,112 |
| Realized gains from sales of marketable securities | (9) | — | (14) |
| Amortization of premium/discount on marketable securities | 1,823 | (122) | 3,233 |
| Change in fair value of contingent consideration | (6,110) | (1,517) | (510) |
| Share-based compensation expense | 27,755 | 26,759 | 17,568 |
| Deferred income tax benefit | (20,136) | (25,714) | (26,324) |
| Inventory valuation write-down | 8,876 | 8,023 | 10,442 |
| Other noncash adjustments, net | 7,525 | 5,897 | 1,196 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 2,078 | 18,765 | (16,366) |
| Inventories | 15,806 | 6,110 | (17,858) |
| Prepaid expenses and other assets | (19,352) | (334) | 12,303 |
| Accrued product returns and rebates | 14,431 | 2,609 | 18,941 |
| Accounts payable and other liabilities | (15,015) | (36,287) | (19,163) |
| Payment of contingent consideration | — | — | (2,100) |
| Net cash provided by operating activities | 171,951 | 111,085 | 116,826 |
| Cash flows from investing activities | |||
| Purchases of marketable securities | (688,013) | (101,621) | (406,990) |
| Maturities of marketable securities | 498,871 | 370,901 | 190,739 |
| Purchases of property and equipment | (725) | (551) | (412) |
| Net cash provided by (used in) investing activities | (189,867) | 268,729 | (216,663) |
| Cash flows from financing activities | |||
| Proceeds from Credit Line | — | 93,000 | — |
| Payments on Credit Line | — | (93,000) | — |
| Payment on convertible notes | — | (402,500) | — |
| Proceeds from issuance of common stock | 14,908 | 6,610 | 12,423 |
| Employee taxes paid related to net share settlement of equity awards | (2,715) | (1,990) | — |
| Payment of contingent consideration | — | — | (22,900) |
| Net cash provided by (used in) financing activities | 12,193 | (397,880) | (10,477) |
| Net change in cash and cash equivalents | (5,723) | (18,066) | (110,314) |
| Cash and cash equivalents at beginning of year | 75,054 | 93,120 | 203,434 |
| Cash and cash equivalents at end of year | $69,331 | $75,054 | $93,120 |
| Supplemental cash flow information | |||
| Cash paid for income taxes | $53,254 | $36,602 | $16,200 |
| Cash paid for interest on debt | $— | $1,946 | $2,516 |
| Noncash investing and financing activities | |||
| Property and equipment additions from utilization of tenant improvement allowance | — | — | $580 |
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