Amneal Pharmaceuticals Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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 12, 2024
AMRX$21.38+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net (loss) income | $(53,134) | $44,622 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Depreciation and amortization | 170,061 | 172,467 |
| Unrealized foreign currency (gain) loss | (754) | 1,563 |
| Amortization of debt issuance costs and discount | 2,662 | 6,884 |
| Intangible asset impairment charges | 920 | 2,036 |
| Change in fair value of contingent consideration | (930) | (787) |
| Stock-based compensation | 20,558 | 20,848 |
| Inventory provision | 63,611 | 56,637 |
| Other operating charges and credits, net | (50) | 6,370 |
| Changes in assets and liabilities: | ||
| Trade accounts receivable, net | (134,031) | 49,055 |
| Inventories | (78,545) | (103,092) |
| Prepaid expenses, other current assets and other assets | (2,082) | 24,810 |
| Related party receivables | (483) | (1,131) |
| Accounts payable, accrued expenses and other liabilities | 168,879 | (74,685) |
| Related party payables | 20,339 | 4,157 |
| Net cash provided by operating activities | 177,021 | 209,754 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | (36,769) | (33,351) |
| Acquisition of intangible assets | (14,050) | (2,488) |
| Deposits for future acquisition of property, plant and equipment | (1,107) | (1,658) |
| Proceeds from sale of subsidiary | 4,989 | — |
| Net cash used in investing activities | (46,937) | (37,497) |
| Cash flows from financing activities: | ||
| Payments of deferred financing and refinancing costs | — | (542) |
| Payments of principal on debt, revolving credit facilities, financing leases and other | (133,383) | (151,510) |
| Borrowings on revolving credit facilities | 48,000 | 110,000 |
| Proceeds from exercise of stock options | 1,003 | 408 |
| Employee payroll tax withholding on restricted stock unit vesting | (7,565) | (2,222) |
| Tax distributions to non-controlling interests | (14,442) | (67,875) |
| Payment of principal on notes payable - related party | (44,200) | — |
| Net cash used in financing activities | (150,587) | (111,741) |
| Effect of foreign exchange rate on cash | (259) | (136) |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (20,762) | 60,380 |
| Cash, cash equivalents, and restricted cash - beginning of period | 99,107 | 35,227 |
| Cash, cash equivalents, and restricted cash - end of period | $78,345 | $95,607 |
| Cash and cash equivalents - end of period | $74,006 | $86,929 |
| Restricted cash - end of period | 4,339 | 8,678 |
| Cash, cash equivalents, and restricted cash - end of period | $78,345 | $95,607 |
Consolidated Statements of Cash Flows (continued)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $202,914 | $136,600 |
| Cash paid, net for income taxes | $9,056 | $426 |
| Supplemental disclosure of non-cash investing and financing activity: | ||
| Tax distributions to non-controlling interests | $— | $1,062 |
| Payable for acquisition of intangible assets | $2,000 | $8,500 |
| Note receivable for sale of subsidiary - related party | $7,177 | $— |
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