Lantheus Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 6, 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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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $324,232 | $223,281 |
| Adjustments to reconcile net income to net cash flows from operating activities: | ||
| Depreciation, amortization and accretion | 47,339 | 45,028 |
| Impairment of long-lived assets | — | 138,050 |
| Amortization of debt related costs | 3,217 | 3,227 |
| Changes in fair value of contingent assets and liabilities | (1,405) | (9,475) |
| Inventory adjustments | 738 | 5,251 |
| Stock-based compensation | 54,229 | 36,335 |
| Gain on disposal of assets | (6,254) | — |
| Gain on sale of RELISTOR licensed intangible asset associated with net sales royalties | — | (51,789) |
| Unrealized gain on investment in equity securities | (75,492) | — |
| Charges incurred in connection with acquired IPR&D | 66,000 | — |
| Deferred taxes | (4,402) | (57,649) |
| Long-term indemnification receivable | — | 3,929 |
| Long-term income tax payable and other long-term liabilities | 2,619 | (2,744) |
| Other | 7,172 | 3,118 |
| Changes in assets and liabilities which provided (used) cash: | ||
| Accounts receivable | (44,887) | (43,044) |
| Inventory | (7,101) | (25,995) |
| Other current assets | 1,335 | 2,496 |
| Accounts payable | 1,151 | 12,150 |
| Accrued expenses and other liabilities | 18,529 | (89,196) |
| Net cash provided by operating activities | 387,020 | 192,973 |
| Cash flows from investing activities: | ||
| Capital expenditures | (35,256) | (34,486) |
| Acquisition of assets, net | (80,911) | (45,345) |
| Proceeds from sale of assets | 8,000 | 97,839 |
| Purchases of investment in equity securities | (83,246) | — |
| Acquisition of exclusive license option | (28,000) | — |
| Net cash (used in) provided by investing activities | (219,413) | 18,008 |
| Cash flows from financing activities: | ||
| Payments on long-term debt and other borrowings | (376) | (685) |
| Contingent value rights settlement | — | (3,700) |
| Proceeds from stock option exercises | 3,772 | 3,462 |
| Proceeds from issuance of common stock | 3,450 | 1,933 |
| Payments for minimum statutory tax withholding related to net share settlement of equity awards | (21,723) | (13,621) |
| Net cash used in financing activities | (14,877) | (12,612) |
| Effect of foreign exchange rates on cash, cash equivalents and restricted cash | 34 | 139 |
| Net increase in cash, cash equivalents and restricted cash | 152,764 | 198,508 |
| Cash, cash equivalents and restricted cash, beginning of period | 715,285 | 417,241 |
| Cash, cash equivalents and restricted cash, end of period | $868,049 | $615,749 |
Condensed Consolidated Statements of Cash Flows (Continued)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Reconciliation to amounts within the condensed consolidated balance sheets | ||
| Cash and cash equivalents | $866,386 | $614,131 |
| Restricted cash included in other long-term assets | 1,663 | 1,618 |
| Cash, cash equivalents and restricted cash at end of period | $868,049 | $615,749 |
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Schedule of non-cash investing and financing activities | ||
| Additions of property, plant and equipment included in liabilities | $8,502 | $8,573 |
| Lease liability settled through transfer of lease | $762 | $— |
| Right-of-use asset obtained in exchange for operating lease liabilities | $63 | $29,625 |
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