Inspire Medical Systems Inc
For the period ended Jun 30, 2024. Filed Aug 6, 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.
Jun 30, 2024 · Filed Aug 6, 2024
INSP$64.33+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
Consolidated Statements of Cash Flows (unaudited)
(in thousands)
| Six Months EndedJune 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net loss | $(212) | $(27,376) |
| Adjustments to reconcile net loss: | ||
| Depreciation and amortization | 2,222 | 1,252 |
| Accretion of investment discount | (4,907) | (1) |
| Non-cash lease expense | 477 | 593 |
| Stock-based compensation expense | 58,644 | 39,792 |
| Non-cash stock issuance for services rendered | 186 | 181 |
| Provision (benefit) for estimated credit losses | (1,133) | 881 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 11,247 | (3,116) |
| Inventories | (25,139) | (8,954) |
| Prepaid expenses and other current assets | (18,917) | (3,791) |
| Accounts payable | (5,004) | 11,782 |
| Accrued expenses and other liabilities | (8,682) | (7,495) |
| Net cash provided by operating activities | 8,782 | 3,748 |
| Investing activities | ||
| Purchases of property and equipment | (24,089) | (8,608) |
| Purchases of investments | (112,035) | — |
| Proceeds from sales or maturities of investments | 122,209 | 10,000 |
| Purchases of strategic investments | — | (250) |
| Net cash (used in) provided by investing activities | (13,915) | 1,142 |
| Financing activities | ||
| Proceeds from the exercise of stock options | 9,134 | 20,490 |
| Payment of taxes on net share settlement of equity awards | (4,710) | (2,717) |
| Proceeds from issuance of common stock from employee stock purchase plan | 3,431 | 2,792 |
| Net cash provided by financing activities | 7,855 | 20,565 |
| Effect of exchange rate on cash | (224) | 4 |
| Increase in cash and cash equivalents | 2,498 | 25,459 |
| Cash and cash equivalents at beginning of period | 185,537 | 441,592 |
| Cash and cash equivalents at end of period | $188,035 | $467,051 |
| Supplemental cash flow information | ||
| Property and equipment included in accounts payable and accrued expenses | $3,868 | $2,678 |
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