LivaNova PLC
For the period ended Mar 31, 2024. Filed May 3, 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.
Mar 31, 2024 · Filed May 3, 2024
LIVN$91.14-1.6%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
(In thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating Activities: | ||
| Net (loss) income | $(41,943) | $7,370 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Loss on debt extinguishment | 25,482 | — |
| Remeasurement of derivative instruments | 11,598 | (26,281) |
| Stock-based compensation | 10,226 | 10,579 |
| Depreciation | 6,266 | 5,956 |
| Amortization of debt issuance costs | 4,900 | 5,019 |
| Amortization of intangible assets | 4,329 | 6,355 |
| Deferred income tax expense (benefit) | 4,800 | (76) |
| Amortization of operating lease assets | 2,544 | 2,642 |
| Remeasurement of contingent consideration to fair value | (133) | 4,827 |
| Other | (534) | (108) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 1,991 | 7,558 |
| Inventories | (8,146) | (11,342) |
| Other current and non-current assets | (8,945) | (3,838) |
| Accounts payable and accrued current and non-current liabilities | (15,576) | 21,378 |
| Taxes payable | 6,887 | 972 |
| Litigation provision liability | 6,235 | (10,254) |
| Net cash provided by operating activities | 9,981 | 20,757 |
| Investing Activities: | ||
| Purchases of property, plant and equipment | (6,398) | (7,685) |
| Purchase of investments | — | (5,136) |
| Other | 35 | 1,337 |
| Net cash used in investing activities | (6,363) | (11,484) |
| Financing Activities: | ||
| Proceeds from long-term debt obligations | 335,513 | — |
| Repayment of long-term debt obligations | (234,375) | (1,875) |
| Payment of debt extinguishment costs | (38,953) | — |
| Purchase of capped calls | (31,637) | — |
| Proceeds from unwind of capped calls | 22,523 | — |
| Payment of contingent consideration | (13,750) | — |
| Shares repurchased from employees for minimum tax withholding | (316) | (1,577) |
| Payment of debt issuance costs | (1,893) | — |
| Repayments of short-term borrowings (maturities greater than 90 days) | — | (1,974) |
| Other | 35 | 191 |
| Net cash provided by (used in) financing activities | 37,147 | (5,235) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (2,954) | 3,302 |
| Net increase in cash, cash equivalents and restricted cash | 37,811 | 7,340 |
| Cash, cash equivalents and restricted cash at beginning of period | 577,872 | 515,618 |
| Cash, cash equivalents and restricted cash at end of period | $615,683 | $522,958 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.