Mirion Technologies Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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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.
FY2024 · Filed Feb 26, 2025
MIR$19.26-1.1%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
(In millions)
| Fiscal Year Ended December 31, 2024 | Fiscal Year Ended December 31, 2023 | Fiscal Year Ended December 31, 2022 | |
|---|---|---|---|
| OPERATING ACTIVITIES: | |||
| Net loss | $(36.6) | $(98.7) | $(288.4) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 150.4 | 162.8 | 174.5 |
| Stock-based compensation expense | 15.6 | 21.9 | 31.8 |
| Loss on debt extinguishment | — | 2.6 | — |
| Amortization of debt issuance costs | 3.1 | 3.1 | 3.5 |
| Provision for doubtful accounts | 3.4 | 1.8 | 0.3 |
| Inventory obsolescence write down | 5.2 | 2.3 | 0.9 |
| Change in deferred income taxes | (23.8) | (30.9) | (37.2) |
| Loss on disposal of property, plant and equipment | 0.5 | 0.6 | 3.4 |
| Loss (gain) on foreign currency transactions | 2.2 | (0.3) | 4.9 |
| Increase (decrease) in fair values of warrant liabilities | 5.3 | 24.8 | (37.6) |
| Amortization of inventory step-up | — | — | 6.3 |
| Goodwill impairment | — | — | 211.8 |
| (Gain) loss on disposal of business | (1.2) | 6.5 | — |
| Other | 1.8 | (0.6) | 3.6 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (12.0) | (5.0) | (14.8) |
| Costs in excess of billings on uncompleted contracts | (23.9) | 1.9 | (4.5) |
| Inventories | 1.3 | (0.5) | (34.8) |
| Deferred cost of revenue | 0.3 | 0.7 | (0.8) |
| Prepaid expenses and other current assets | (2.6) | (14.0) | (2.4) |
| Accounts payable | (1.5) | (9.9) | 4.5 |
| Accrued expenses and other current liabilities | 11.3 | 2.6 | 5.5 |
| Deferred contract revenue | (1.1) | 23.9 | 6.9 |
| Other assets | 0.9 | 0.3 | 5.4 |
| Other liabilities | 0.5 | (0.7) | (3.4) |
| Net cash provided by operating activities | 99.1 | 95.2 | 39.4 |
| INVESTING ACTIVITIES: | |||
| Acquisitions of businesses, net of cash and cash equivalents acquired | (1.0) | (31.4) | (6.6) |
| Purchases of property, plant, and equipment and badges | (48.8) | (37.1) | (34.2) |
| Sales of property, plant, and equipment | — | — | 0.8 |
| Proceeds from net investment hedge derivative contracts | 3.6 | 3.8 | 0.5 |
| Proceeds from business disposal | 2.5 | 1.0 | — |
| Other investing | — | (1.0) | — |
| Net cash used in investing activities | (43.7) | (64.7) | (39.5) |
| FINANCING ACTIVITIES: | |||
| Issuances of common stock | — | 150.0 | — |
| Common stock issuance costs | — | (0.3) | — |
| Stock repurchased to satisfy tax withholding for vesting restricted stock units | (2.0) | (1.0) | — |
| Principal repayments | — | (127.3) | (6.6) |
| Deferred financing costs | (1.3) | — | — |
| Proceeds from net cash flow hedge derivative contracts | 1.0 | 0.6 | — |
| Other financing | (1.0) | 0.6 | (0.4) |
| Net cash (used in) provided by financing activities | (3.3) | 22.6 | (7.0) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (7.0) | 2.4 | (3.2) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 45.1 | 55.5 | (10.3) |
| Cash, cash equivalents, and restricted cash at beginning of period | 130.5 | 75.0 | 85.3 |
| Cash, cash equivalents, and restricted cash at end of period | $175.6 | $130.5 | $75.0 |
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