SIGA TECHNOLOGIES INC
For the period ended Dec 31, 2023. Filed Mar 12, 2024.
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FY2023 · Filed Mar 12, 2024
SIGA$3.13-4.0%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Years Ended December 31
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income | $68,068,826 | $33,904,806 | $69,450,766 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and other amortization | 538,293 | 517,643 | 522,368 |
| Gain on change in fair value of warrant liability | — | (400,663) | (117,770) |
| Stock-based compensation | 2,052,462 | 1,779,310 | 1,265,809 |
| Write down of inventory, net | 579,239 | 201,472 | 618,771 |
| Deferred income taxes (benefit) provision | (4,797,733) | (3,827,778) | 121,446 |
| Changes in assets and liabilities: | |||
| Accounts receivable | 24,276,009 | 38,243,490 | (80,310,187) |
| Inventory | (25,524,485) | (19,964,183) | 136,369 |
| Prepaid expenses and other assets | (3,011,346) | 171,811 | 48,963 |
| Accounts payable, accrued expenses and other liabilities | 1,996,838 | 1,533,804 | 1,470,614 |
| Income tax payable | 20,381,228 | (17,897,370) | 18,287,487 |
| Deferred IV TPOXX® revenue | 10,240,000 | 7,348,720 | — |
| Net cash provided by operating activities | 94,799,331 | 41,611,062 | 11,494,636 |
| Cash flows from investing activities: | |||
| Capital expenditures | (21,686) | — | (50,620) |
| Cash used in investing activities | (21,686) | — | (50,620) |
| Cash flows from financing activities: | |||
| Payment of employee tax obligations for common stock tendered | (214,794) | (12,533) | (173,918) |
| Repurchase of common stock | (11,072,511) | (13,006,331) | (26,021,519) |
| Payment of dividend | (32,135,118) | (32,940,395) | — |
| Cash used in financing activities | (43,422,423) | (45,959,259) | (26,195,437) |
| Net increase/(decrease) in cash and cash equivalents | 51,355,222 | (4,348,197) | (14,751,421) |
| Cash and cash equivalents at the beginning of period | 98,790,622 | 103,138,819 | 117,890,240 |
| Cash and cash equivalents at end of period | $150,145,844 | $98,790,622 | $103,138,819 |
| Supplemental disclosure of cash flows information: | |||
| Non-cash lease right-of-use asset and associated liability | $— | $— | $733,715 |
| Conversion of warrant to common stock | $— | $6,120,778 | $— |
| Issuance of common stock upon cashless exercise | $87,540 | $— | $— |
| Cash income taxes paid, net | $3,500,873 | $31,372,881 | $1,063,744 |
The accompanying notes are an integral part of these financial statements
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