HUDSON TECHNOLOGIES INC NY
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 8, 2024
HDSN$4.43+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
- Consolidated Statements of Cash Flows
(Amounts in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| | Nine month-period | |||||
| · · ended September 30, | ||||||
| | 2024 | 2023 | ||||
| Cash flows from operating activities: | | | | | | |
| Net income | | $26,953 | | $48,302 | ||
| Adjustments to reconcile net income to cash provided by operating activities: | | | | | ||
| Depreciation | | 2,274 | | | 2,213 | |
| Amortization of intangible assets | | 2,368 | | | 2,095 | |
| Impairment of long lived assets | | | 441 | | | — |
| Lower of cost or net realizable value inventory adjustment | | 3,811 | | | (2,195) | |
| Allowance for credit losses | | 14 | | | 800 | |
| Share based compensation | | | 808 | | | 2,061 |
| Amortization of deferred finance costs | | 171 | | | 669 | |
| Loss on extinguishment of debt | | | — | | | 3,427 |
| Deferred tax expense | | (1,020) | | | 4,280 | |
| Changes in assets and liabilities: | | | | | | |
| Trade accounts receivable | | (733) | | | (24,863) | |
| Inventories | | 52,189 | | | 8,341 | |
| Prepaid and other assets | | (6,732) | | | (684) | |
| Lease obligations | | | (6) | | | 1 |
| Income taxes receivable | | | 1,794 | | | (4,212) |
| Accounts payable and accrued expenses | | (11,229) | | | 3,283 | |
| Cash provided by operating activities | | 71,103 | | | 43,518 | |
| | | | | | | |
| Cash flows from investing activities: | | | | | | |
| Payments for acquisition | | | (20,670) | | | — |
| Additions to property, plant, and equipment | | | (3,752) | | | (2,215) |
| Cash used in investing activities | | (24,422) | | | (2,215) | |
| | | | | | | |
| Cash flows from financing activities: | | | | | ||
| Proceeds from issuance of common stock | | — | | | 39 | |
| Repurchase of common shares | | | (2,636) | | | — |
| Excess tax benefits from exercise of stock options | | | (4) | | | (693) |
| Borrowing of short-term debt – net | | | — | | | 5,000 |
| Repayment of long-term debt | | — | | | (47,161) | |
| Cash used in financing activities | | (2,640) | | | (42,815) | |
| | | | | | | |
| Increase (decrease) in cash and cash equivalents | | 44,041 | | | (1,512) | |
| Cash and cash equivalents at beginning of period | | 12,446 | | | 5,295 | |
| Cash and cash equivalents at end of period | | $56,487 | | $3,783 | ||
| | | | | | | |
| Supplemental disclosure of cash flow information: | | | | | | |
| Cash paid for interest | | $529 | | $4,232 | ||
| | | | | | | |
| Cash paid for income taxes – net | | $7,042 | | $16,955 | ||
See Accompanying Notes to the Consolidated Financial Statements
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