ANGIODYNAMICS INC
For the period ended Nov 30, 2023. Filed Jan 8, 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.
Nov 30, 2023 · Filed Jan 8, 2024
ANGO$12.07-0.4%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows (unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands of dollars)
| Six Months Ended | ||
|---|---|---|
| Nov 30, 2023 | Nov 30, 2022 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $16,836 | $(21,490) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 13,373 | 15,478 |
| Non-cash lease expense | 957 | 1,248 |
| Stock based compensation | 6,021 | 6,374 |
| Gain on disposal of assets | (47,842) | — |
| Transaction costs for disposition | (2,427) | — |
| Change in fair value of contingent consideration | 91 | 1,857 |
| Deferred income taxes | 4,951 | (1,525) |
| Change in accounts receivable allowances | 549 | 392 |
| Fixed and intangible asset impairments and disposals | 239 | 87 |
| Write-off of other assets | 869 | — |
| Other | (138) | (43) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 677 | (1,019) |
| Inventories | (8,844) | (11,831) |
| Prepaid expenses and other | (4,979) | (3,931) |
| Accounts payable, accrued and other liabilities | (966) | (2,843) |
| Net cash used in operating activities | (20,633) | (17,246) |
| Cash flows from investing activities: | ||
| Additions to property, plant and equipment | (1,345) | (2,090) |
| Additions to placement and evaluation units | (2,006) | (3,442) |
| Cash paid for acquisitions | — | (540) |
| Proceeds from sale of assets | 100,000 | — |
| Net cash provided by (used in) investing activities | 96,649 | (6,072) |
| Cash flows from financing activities: | ||
| Repayment of long-term debt | (50,000) | (45,000) |
| Proceeds from borrowings on long-term debt | — | 70,000 |
| Deferred financing costs on long-term debt | — | (751) |
| Payment of acquisition related contingent consideration | (10,000) | — |
| Proceeds from exercise of stock options and employee stock purchase plan | 58 | 230 |
| Net cash (used in) provided by financing activities | (59,942) | 24,479 |
| Effect of exchange rate changes on cash and cash equivalents | 202 | (129) |
| Increase in cash and cash equivalents | 16,276 | 1,032 |
| Cash and cash equivalents at beginning of period | 44,620 | 28,825 |
| Cash and cash equivalents at end of period | $60,896 | $29,857 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Accrual for capital expenditures incurred during the period | $(138) | $113 |
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