OPKO HEALTH INC
For the period ended Mar 31, 2024. Filed May 7, 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 7, 2024
OPK$1.710.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| For the three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(81,836) | $(18,267) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 25,820 | 26,446 |
| Non-cash interest | 3,843 | 678 |
| Amortization of deferred financing costs | 519 | 296 |
| Losses from investments in investees | 3 | 37 |
| Equity-based compensation – employees and non-employees | 2,590 | 2,717 |
| Realized loss (gain) on disposal of fixed assets and sales of equity securities | (47) | 1,845 |
| Change in fair value of equity securities and derivative instruments | 1,251 | (7,130) |
| Loss on conversion convertible senior notes | 757 | — |
| Change in fair value of contingent consideration | — | 136 |
| Deferred income tax (benefit) provision | (2,680) | 102 |
| Changes in assets and liabilities: | ||
| Accounts receivable, net | 9,518 | 7,364 |
| Inventory, net | 2,274 | 1,306 |
| Other current assets and prepaid expenses | (552) | (58,902) |
| Other assets | 7 | 772 |
| Accounts payable | 2,789 | 12,759 |
| Foreign currency measurement | 1,225 | (2,355) |
| Contract liabilities | — | 2 |
| Accrued expenses and other liabilities | (1,047) | 9,547 |
| Net cash used in operating activities | (35,566) | (22,647) |
| Cash flows from investing activities: | ||
| Investments in investees | — | (5,000) |
| Proceeds from the sale of property, plant and equipment | 48 | 320 |
| Capital expenditures | (4,443) | (3,037) |
| Net cash used in investing activities | (4,395) | (7,717) |
| Cash flows from financing activities: | ||
| Issuance of 3.00% convertible senior notes, net (including related parties) | 230,000 | — |
| Debt issuance costs | (8,562) | — |
| Share repurchase | (50,000) | — |
| Borrowings on lines of credit | 163,703 | 165,288 |
| Repayments of lines of credit | (168,241) | (175,407) |
| Redemption of 2025 Notes and 2033 Senior Notes | (146,287) | (3,000) |
| Net cash provided by (used in) financing activities | 20,613 | (13,119) |
| Effect of exchange rate changes on cash and cash equivalents | (894) | 1,122 |
| Net decrease in cash and cash equivalents | (20,242) | (42,361) |
| Cash and cash equivalents at beginning of period | 95,881 | 153,191 |
| Cash and cash equivalents at end of period | $75,639 | $110,830 |
| SUPPLEMENTAL INFORMATION: | ||
| Interest paid | $3,125 | $3,830 |
| Income taxes paid, net of refunds | $1,063 | $477 |
| Assets acquired by finance leases | $— | $960 |
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