Bridger Aerospace Group Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 13, 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 13, 2024
BAER$0.20-6.0%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
| For the Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows from Operating Activities: | ||
| Net loss | $(2,722) | $(46,219) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities, net of acquisition: | ||
| Loss on disposal of fixed assets | 251 | 423 |
| Depreciation and amortization | 14,759 | 10,234 |
| Impairment of long-lived assets | — | 627 |
| Stock-based compensation expense | 13,719 | 38,651 |
| Deferred tax benefit | (490) | — |
| Change in fair value of the Warrants | (3,997) | 1,865 |
| Change in fair value of freestanding derivative | — | 51 |
| Amortization of debt issuance costs | 692 | 726 |
| Change in fair value of embedded derivative | (885) | (45) |
| Change in fair value of earnout consideration | 479 | — |
| Realized gain on investments in marketable securities | (16) | (562) |
| Changes in operating assets and liabilities | ||
| Accounts and note receivable | (20,453) | (25,373) |
| Aircraft support parts | (46) | 1,273 |
| Prepaid expense and other current and noncurrent assets | 1,303 | (4,058) |
| Accounts payable, accrued expenses and other liabilities1 | (2,428) | (19,084) |
| Net cash provided by (used in) operating activities | 166 | (41,491) |
| Cash Flows from Investing Activities: | ||
| Proceeds from sales and maturities of marketable securities | 1,055 | 53,089 |
| Purchases of property, plant and equipment | (3,099) | (18,054) |
| Expenditures for capitalized software | (973) | — |
| Sale of property, plant and equipment | 505 | 817 |
| Cash acquired through acquisition | 2,592 | — |
| Net cash provided by investing activities | 80 | 35,852 |
| Cash Flows from Financing Activities: | ||
| Repayments on debt | (2,210) | (1,482) |
| Payment of issuance costs for Common Stock in offerings | (1,006) | — |
| Proceeds from issuance of Common Stock in the at-the-market offering | 168 | — |
| Proceeds from issuance of Common Stock in the registered direct offering | 9,169 | — |
| Payment of finance lease liability | (20) | (23) |
| Costs incurred related to the Closing | — | (6,794) |
| Proceeds from the Closing | — | 3,194 |
| Restricted stock units settled in cash | (694) | — |
| Net cash provided by (used in) financing activities | 5,407 | (5,105) |
| Effects of exchange rate changes | — | (44) |
| Net change in cash, cash equivalents and restricted cash | 5,653 | (10,788) |
| Cash, cash equivalents and restricted cash – beginning of the period | 36,937 | 42,460 |
| Cash, cash equivalents and restricted cash – end of the period | $42,590 | $31,672 |
| Less: Restricted cash – end of the period | 9,262 | 12,293 |
| Cash and cash equivalents – end of the period | $33,328 | $19,379 |
1 Includes related party accounts payable of $0.3 million for the nine months ended September 30, 2024.
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