Reservoir Media, Inc.
For the period ended Mar 31, 2025. Filed May 28, 2025.
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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.
FY2025 · Filed May 28, 2025
RSVR$10.29-1.4%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
| | | | | | | |
|---|---|---|---|---|---|---|
| | Fiscal Year Ended March 31, | |||||
| · · 2025 · 2024 | ||||||
| Cash flows from operating activities: · · | ||||||
| Net income | | $7,731,397 | | $837,261 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | |||
| Amortization of intangible assets | | 26,073,069 | | 24,743,082 | ||
| Depreciation of property, plant and equipment | | 226,164 | | 242,606 | ||
| Share-based compensation | | 4,385,255 | | 3,386,543 | ||
| Amortization of deferred financing costs | | 1,343,147 | | 1,339,413 | ||
| Loss on fair value of swaps | | 4,213,819 | | 1,124,770 | ||
| Loss from equity method investment | | | 100,000 | | | 100,000 |
| Impairment of equity investment | | | 499,998 | | | 991,105 |
| Gain on disposition of equity investment | | | (103,715) | | | — |
| Deferred income taxes | | 467,197 | | (220,936) | ||
| Changes in operating assets and liabilities: | | | | | ||
| Accounts receivable | | (4,621,229) | | (1,971,515) | ||
| Other current assets | | 1,496,423 | | (842,393) | ||
| Royalty advances | | (777,475) | | (2,745,666) | ||
| Other assets and liabilities | | 729,779 | | 736,801 | ||
| Accounts payable, accrued expenses and deferred revenue | | (3,578,183) | | 1,077,344 | ||
| Royalties payable | | | 6,729,653 | | | 7,159,970 |
| Income taxes payable | | 364,190 | | 234,165 | ||
| Net cash provided by operating activities | | 45,279,489 | | 36,192,550 | ||
| | | | | | | |
| Cash flows from investing activities: | | | | |||
| Purchases of music catalogs | | (96,482,556) | | (50,127,625) | ||
| Loan to third party | | | (2,517,896) | | | — |
| Repayment of loan from third party | | | 2,517,896 | | | — |
| Investments in equity affiliates | | (1,100,000) | | (200,000) | ||
| Sale of equity investment | | | 945,071 | | | — |
| Purchase of property, plant and equipment | | (81,538) | | (225,677) | ||
| Net cash used for investing activities | | (96,719,023) | | (50,553,302) | ||
| | | | | | | |
| Cash flows from financing activities: | | | ||||
| Proceeds from secured line of credit | | 66,000,000 | | 34,000,000 | ||
| Repayments of secured line of credit | | (10,000,000) | | (16,000,000) | ||
| Proceeds from stock option exercises | | 100,921 | | 288,543 | ||
| Taxes paid related to net share settlement of restricted stock units | | | (1,432,864) | | | (689,152) |
| Deferred financing costs paid | | — | | (39,387) | ||
| Distribution to noncontrolling interest holders | | | (149,701) | | | — |
| Net cash provided by financing activities | | 54,518,356 | | 17,560,004 | ||
| | | | | | | |
| Foreign exchange impact on cash | | 175,303 | | 30,687 | ||
| | | | | | | |
| Increase in cash and cash equivalents | | 3,254,125 | | 3,229,939 | ||
| Cash and cash equivalents beginning of period | | 18,132,015 | | 14,902,076 | ||
| Cash and cash equivalents end of period | | $21,386,140 | | $18,132,015 | ||
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