Harmony Biosciences Holdings Inc
For the period ended Sep 30, 2024. Filed Oct 29, 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 Oct 29, 2024
HRMY$33.55-0.7%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 (Unaudited)
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| | | | | | | |
|---|---|---|---|---|---|---|
| | Nine Months Ended September 30, | |||||
| · 2024 · 2023 | ||||||
| CASH FLOWS FROM OPERATING ACTIVITIES · · | ||||||
| Net income | | $96,018 | | $102,246 | ||
| Adjustments to reconcile net income to net cash used in operating activities: | | | | |||
| Depreciation | | 261 | | 350 | ||
| Intangible amortization | | 17,883 | | 17,884 | ||
| Acquired in-process research & development (IPR&D) expense | | | 42,595 | | | — |
| Stock-based and employee stock purchase compensation expense | | 32,530 | | 22,842 | ||
| Stock appreciation rights market adjustment | | 315 | | (531) | ||
| Debt issuance costs amortization | | 531 | | 2,089 | ||
| Deferred taxes | | | (22,586) | | | (14,542) |
| Amortization of premiums and accretion of discounts on Investment securities | | | (1,770) | | | (2,031) |
| Loss on debt extinguishment | | | — | | | 9,766 |
| Other non-cash expenses | | | 1,619 | | | 1,258 |
| Change in operating assets and liabilities: | | | | |||
| Trade receivables | | (7,362) | | (12,524) | ||
| Inventory | | (1,552) | | (790) | ||
| Prepaid expenses and other assets | | (4,851) | | (1,759) | ||
| Trade payables | | (8,596) | | 2,753 | ||
| Other liabilities | | (776) | | 15,711 | ||
| Net cash provided by operating activities | | 144,259 | | 142,722 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | ||||
| Purchase of investment securities | | | (69,604) | | | (105,856) |
| Proceeds from maturities and sales of investment securities | | | 68,516 | | | 95,687 |
| Purchase of property and equipment | | (640) | | (205) | ||
| Acquisition of Epygenix Therapeutics, Inc., net of cash acquired | | (33,069) | | — | ||
| Payment of license fee | | (25,500) | | — | ||
| Net cash used in investing activities | | (60,297) | | (10,374) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | | | ||||
| Proceeds from long-term debt | | — | | 200,000 | ||
| Debt issuance costs | | — | | (2,997) | ||
| Extinguishment of debt | | — | | (196,500) | ||
| Extinguishment of debt exit fees | | — | | (5,846) | ||
| Principal repayment of long-term debt | | | (11,250) | | | (1,000) |
| Repurchase of common stock | | | — | | | (50,000) |
| Payments of employee withholding taxes related to stock-based awards | | | (269) | | | (514) |
| Proceeds from exercised options | | 3,264 | | 4,828 | ||
| Net cash (used in) provided by financing activities | | (8,255) | | (52,029) | ||
| NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | | 75,707 | | 80,319 | ||
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—Beginning of period | | 311,930 | | 244,534 | ||
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—End of period | | $387,637 | | $324,853 | ||
| Supplemental Disclosure of Cash Flow Information: | | | ||||
| Cash paid during the year for interest | | $13,170 | | $15,653 | ||
| Cash paid during the year for taxes | | | 58,549 | | | 36,543 |
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