Lantheus Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 22, 2024
LNTH$101.62+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating activities | |||
| Net income (loss) | $326,661 | $28,067 | $(71,279) |
| Adjustments to reconcile net income (loss) to net cash flows from operating activities: | |||
| Depreciation, amortization and accretion | 60,043 | 47,929 | 42,288 |
| Impairment of long-lived assets | 138,050 | — | 9,729 |
| Asset retirement obligation acceleration | — | 280 | 5,259 |
| Gain on interest rate swap termination | — | (5,494) | — |
| Amortization of debt related costs | 4,300 | 1,249 | 676 |
| Changes in fair value of contingent assets and liabilities | (9,275) | 34,700 | 72,400 |
| Charges incurred in connection with acquired IPR&D | — | 260,000 | — |
| Loss (gain) on extinguishment of debt | — | 588 | (889) |
| Provision for excess and obsolete inventory | 7,914 | 7,145 | 4,057 |
| Stock-based compensation | 50,507 | 29,262 | 15,934 |
| Gain on disposal of assets | (51,789) | — | (15,263) |
| Deferred taxes | (55,632) | (48,016) | 4,437 |
| Long-term indemnification receivable | 3,929 | 9,554 | 7,121 |
| Long-term income tax payable and other long-term liabilities | (3,103) | (12,477) | (7,912) |
| Other | 4,855 | 4,059 | 2,512 |
| Changes in assets and liabilities which provided (used) cash: | |||
| Accounts receivable | (68,637) | (128,460) | (33,102) |
| Inventory | (36,220) | (7,508) | (3,549) |
| Other current assets | (2,418) | (2,440) | (73) |
| Other long-term assets | — | (533) | — |
| Accounts payable | 17,189 | 301 | 5,425 |
| Accrued expenses and other liabilities | (81,114) | 63,575 | 16,145 |
| Net cash provided by operating activities | 305,260 | 281,781 | 53,916 |
| Investing activities | |||
| Capital expenditures | (46,555) | (18,347) | (12,140) |
| Proceeds from sale of assets, net | 97,839 | 1,800 | 15,823 |
| Acquisition of assets | (45,345) | (260,000) | — |
| Net cash provided by (used in) investing activities | 5,939 | (276,547) | 3,683 |
| Financing activities | |||
| Proceeds from issuance of common stock | 1,933 | 1,375 | 767 |
| Debt issuance costs | — | (95) | — |
| Proceeds from issuance of long-term debt, net | — | 557,750 | — |
| Contingent value rights settlement | (3,700) | — | — |
| Payments on long-term debt and other borrowings | (717) | (175,385) | (43,348) |
| Deferred financing costs | — | (2,315) | — |
| Proceeds from interest rate swap termination | — | 5,583 | — |
| Proceeds from stock option exercises | 3,816 | 7,537 | 5,295 |
| Payments for minimum statutory tax withholding related to net share settlement of equity awards | (14,394) | (7,759) | (2,046) |
| Repurchase of common stock | — | (75,000) | — |
| Net cash (used in) provided by financing activities | (13,062) | 311,691 | (39,332) |
| Effect of foreign exchange rates on cash and cash equivalents | (93) | (335) | (310) |
| Net increase in cash and cash equivalents and restricted cash | 298,044 | 316,590 | 17,957 |
| Cash and cash equivalents and restricted cash, beginning of year | 417,241 | 100,651 | 82,694 |
| Cash and cash equivalents and restricted cash, end of year | $715,285 | $417,241 | $100,651 |
Consolidated Statements of Cash Flows (Continued)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Reconciliation to amounts within the consolidated balance sheets | |||
| Cash and cash equivalents | $713,656 | $415,652 | $98,508 |
| Restricted cash included in other long-term assets | 1,629 | 1,589 | 2,143 |
| Cash, cash equivalents and restricted cash at end of period | $715,285 | $417,241 | $100,651 |
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Supplemental disclosure of cash flow information | |||
| Cash paid during the period for: | |||
| Interest | $15,387 | $5,064 | $6,284 |
| Income taxes, net of refunds of $25, $50 and $315, respectively | $151,579 | $54,049 | $215 |
| Schedule of non-cash investing and financing activities | |||
| Additions of property, plant and equipment included in liabilities | $6,978 | $2,370 | $1,262 |
| Right-of-use asset obtained in exchange for operating lease liabilities | $29,396 | $11,019 | $683 |
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