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OPKO HEALTH INC

For the period ended Sep 30, 2024. Filed Nov 7, 2024.

View on SEC.gov

About this filing

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 7, 2024

OPK$1.710.0%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 exhibits

Condensed Consolidated Statements of Cash Flows

(In thousands)

For the nine months ended September 30,
20242023
Cash flows from operating activities:
Net loss$(67,251)$(122,380)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization74,13779,315
Non-cash interest12,7532,057
Amortization of deferred financing costs1,328908
Losses from investments in investees799
Equity-based compensation – employees and non-employees7,9838,746
Realized loss (gain) on disposal of fixed assets and sales of equity securities(9,489)1,444
Change in fair value of equity securities and derivative instruments(94,626)14,406
Loss on conversion convertible senior notes725—
Change in fair value of contingent consideration—(1,023)
Deferred income tax (benefit) provision7,6957,307
Gain on sale of assets(121,493)—
Changes in assets and liabilities:
Accounts receivable, net15,6808,741
Inventory, net6,4524,082
Other current assets and prepaid expenses(8,395)10,220
Other assets564(2,666)
Accounts payable(6,527)191
Foreign currency measurement(3,575)24
Accrued expenses and other liabilities44,952(1,374)
Net cash (used in) provided by operating activities(139,080)10,097
Cash flows from investing activities:
Investments in investees—(5,000)
Proceeds from sale of equity securities46,731364
Purchase of marketable securities(1,454)—
Proceeds from the sale of property, plant and equipment1691,109
Capital expenditures(19,597)(13,253)
Proceeds from LabCorp Sale210,378—
Net cash provided by (used in) investing activities236,227(16,780)
Cash flows from financing activities:
Issuance of 3.00% convertible senior notes, net (including related parties)230,000—
Issuance of 2044 Notes250,000—
Debt issuance costs(13,385)—
Share repurchase(73,759)—
Proceeds from the exercise of common stock options(208)(273)
Repurchase of 2029 Convertible Notes(4,881)—
Borrowings on lines of credit448,459515,318
Repayments of lines of credit(465,301)(519,597)
Redemption of 2025 Notes and 2033 Senior Notes(146,287)(3,000)
Net cash provided by (used in) financing activities224,638(7,552)
Effect of exchange rate changes on cash, cash equivalents and restricted cash2,399(335)
Net decrease in cash, cash equivalents and restricted cash324,184(14,570)
Cash, cash equivalents and restricted cash at beginning of period95,881153,191
Cash, cash equivalents and restricted cash at end of period$420,065$138,621
SUPPLEMENTAL INFORMATION:
Interest paid$12,982$10,748
Income taxes paid, net of refunds$3,801$(823)
Assets acquired by finance leases$—$713
Operating lease right-of-use assets in exchange for lease obligations$—$5,966
Non-cash financing:
Shares issued upon the conversion of:
Common stock options, warrants, and restricted stock units surrendered in net exercise$208$301
Fair value of shares received related to milestone achieved from GeneDx Holdings$—$6,689
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.