Mirion Technologies, Inc.
For the period ended Sep 30, 2025. Filed Oct 29, 2025.
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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, 2025 · Filed Oct 29, 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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Unaudited Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows
(In millions)
| Nine Months Ended September 30, 2025 | Nine Months Ended September 30, 2024 | |
|---|---|---|
| OPERATING ACTIVITIES: | ||
| Net income (loss) | $12.0 | $(52.5) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization expense | 102.4 | 115.8 |
| Stock-based compensation expense | 11.2 | 11.9 |
| Loss on debt extinguishment | 5.8 | — |
| Amortization of debt issuance costs | 2.8 | 2.3 |
| Provision for doubtful accounts | 2.0 | 2.3 |
| Inventory obsolescence write down | 1.5 | 3.7 |
| Change in deferred income taxes | (9.5) | (19.9) |
| Loss on disposal of property, plant and equipment | 0.1 | 0.1 |
| (Gain) loss on foreign currency transactions | (16.9) | 0.3 |
| Increase in fair values of warrant liabilities | — | 5.3 |
| (Gain) loss on disposal of business | — | (1.2) |
| Other | 1.0 | 1.4 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 31.4 | 21.6 |
| Costs in excess of billings on uncompleted contracts | (14.2) | (24.9) |
| Inventories | (6.3) | (12.1) |
| Prepaid expenses and other current assets | (18.8) | 6.7 |
| Accounts payable | (10.9) | (4.6) |
| Accrued expenses and other current liabilities | (10.7) | 2.6 |
| Deferred contract revenue and liabilities | (6.7) | (19.4) |
| Other assets | (1.5) | (0.5) |
| Other liabilities | (4.4) | (0.6) |
| Net cash provided by operating activities | 70.3 | 38.3 |
| INVESTING ACTIVITIES: | ||
| Acquisitions of businesses, net of cash and cash equivalents acquired | (79.9) | (1.0) |
| Proceeds from business disposal | — | 1.2 |
| Proceeds from disposal of property, plant, and equipment and badges | 0.3 | — |
| Purchases of property, plant, and equipment and badges | (26.6) | (37.1) |
| Proceeds from net investment hedge derivative contracts | 2.4 | 2.8 |
| Net cash used in investing activities | (103.8) | (34.1) |
| FINANCING ACTIVITIES: | ||
| Stock repurchased to satisfy tax withholding for vesting restricted stock units | (5.2) | (1.0) |
| Purchases of stock for treasury | (49.6) | — |
| Proceeds from issuance of convertible senior notes, net of bank costs | 755.0 | — |
| Third-party issuance costs | (0.9) | — |
| Purchase of capped calls related to convertible senior notes | (82.6) | — |
| Issuances of common stock | 425.0 | — |
| Common stock issuance costs | (14.9) | — |
| Term loan principal repayments | (244.6) | — |
| Financing costs | (3.1) | (1.3) |
| Proceeds from cash flow hedge derivative contracts | 0.5 | 0.9 |
| Other financing | (0.9) | (0.6) |
| Net cash provided by (used in) financing activities | 778.7 | (2.0) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 12.8 | 1.0 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 758.0 | 3.2 |
| Cash, cash equivalents, and restricted cash at beginning of period | 175.6 | 130.5 |
| Cash, cash equivalents, and restricted cash at end of period | $933.6 | $133.7 |
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