BIOLIFE SOLUTIONS INC
For the period ended Dec 31, 2024. Filed Mar 3, 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 Mar 3, 2025
BLFS$38.61+3.5%Stored close · as of Oct 5, 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, | |||
|---|---|---|---|
| (In thousands) | 2024 | 2023 | 2022 |
| Cash flows from operating activities | |||
| Net loss | $(20,184) | $(68,002) | $(139,805) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities | |||
| Impairment of intangible assets | — | 5,758 | 110,364 |
| Impairment of long-lived assets | — | 9,727 | — |
| Gain on settlement of Global Cooling escrow | — | (5,115) | — |
| Depreciation | 5,160 | 7,114 | 6,775 |
| Amortization of intangible assets | 3,501 | 5,181 | 9,697 |
| Amortization of loan costs | — | 13 | 18 |
| Stock-based compensation | 30,923 | 33,245 | 25,334 |
| Non-cash lease expense | 424 | 404 | 3,486 |
| Deferred income tax benefit | (64) | (62) | (5,238) |
| Change in fair value of contingent consideration | — | (2,193) | (4,754) |
| Change in fair value of investments | 4,074 | — | (697) |
| Accretion of investments | (474) | (1,262) | (447) |
| Loss on disposal of assets held for rent, net | 567 | 594 | 773 |
| Loss on disposal of property and equipment, net | 154 | 633 | 745 |
| Net gain on disposal of subsidiaries | (15,877) | — | — |
| Other | — | — | 166 |
| Change in operating assets and liabilities | |||
| Accounts receivable, trade, net | (2,899) | 15,351 | (10,753) |
| Inventories | 781 | (8,552) | (6,559) |
| Prepaid expenses and other current assets | (2,407) | 137 | 26 |
| Accounts payable | 26 | (8,425) | 414 |
| Accrued expenses and other current liabilities | 6,485 | 2,002 | 1,787 |
| Sales taxes payable | (973) | 1,311 | 1,526 |
| Warranty liability | (528) | (454) | (1,086) |
| Other | (258) | 97 | (260) |
| Net cash provided by (used in) operating activities | 8,431 | (12,498) | (8,488) |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (3,227) | (6,381) | (10,385) |
| Purchases of assets held for rent | (2,068) | (4,856) | (3,536) |
| Proceeds from sale of available-for-sale securities | 3,518 | 3,469 | 420 |
| Maturities of available-for-sale securities | 18,400 | 52,700 | 8,500 |
| Investment in available-for-sale securities | (18,415) | (27,095) | (53,116) |
| Purchases of intangible assets | (300) | — | — |
| Proceeds from sale of SciSafe and CBS | 73,431 | — | — |
| Payments on divestiture of Global Cooling | (13,039) | — | — |
| Net cash provided by (used in) investing activities | 58,300 | 17,837 | (58,117) |
| Cash flows from financing activities | |||
| Proceeds from term loan | — | — | 20,000 |
| Payments on term loan | (5,000) | (300) | (1,666) |
| Payments on equipment loans | (1,608) | (198) | (498) |
| Issuance of common stock | — | 10,244 | — |
| Fees paid related to issuance of common stock | — | — | (131) |
| Proceeds from exercise of common stock options | 202 | 507 | 323 |
| Proceeds from financed insurance premium | 2,094 | 2,639 | — |
| Payments on financed insurance premium | (2,397) | (2,365) | (1,375) |
| Other | (74) | 64 | (337) |
| Net cash (used in) provided by financing activities | (6,783) | 10,591 | 16,316 |
| Net increase in cash and cash equivalents | 59,948 | 15,930 | (50,289) |
| Cash and cash equivalents – beginning of period | 35,438 | 19,473 | 69,870 |
| Effects of currency translation on cash and cash equivalents | — | 35 | (108) |
| Cash and cash equivalents – end of period | $95,386 | $35,438 | $19,473 |
| Non-cash investing and financing activities | |||
| Assets acquired under operating leases | $5,833 | $880 | $243 |
| Assets acquired under finance leases | $— | $1,682 | $— |
| Purchase of property and equipment not yet paid | $107 | $359 | $478 |
| Unrealized (gain) loss on available-for-sale securities | $(18) | $(56) | $50 |
| Unrealized gain on currency translation | $— | $(12) | $— |
| Cashless issuance of SciSafe earnout shares | $— | $2,263 | $817 |
| Returned shares from settlement of Global Cooling escrow | $— | $(5,115) | $— |
| Cash interest paid | $1,608 | $1,927 | $586 |
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