ARTIVION, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $10.8m $3.7m ($2.8m) $1.7m ($16.7m) ($14.8m) ($19.2m) ($30.7m) ($13.4m) $9.8m
Net Income (Loss) Available to Common Stockholders, Basic $10.6m $3.6m ($2.8m) $1.7m ($16.6m) ($14.7m) ($19.1m) ($30.6m) ($13.3m) $9.8m
Depreciation, Depletion and Amortization $8.4m $9.7m $18.1m $18.3m $20.7m $24.0m $22.4m $23.1m $24.2m $22.5m
Depreciation $4.0m $4.6m $7.3m $7.5m $6.9m $7.2m $7.1m $7.9m $8.3m $8.7m
Amortization of Intangible Assets $4.4m $5.1m $10.8m $10.8m $13.8m $16.8m $15.3m $15.2m $15.9m $13.8m
Deferred Income Tax Expense (Benefit) $2.7m ($1.2m) ($6.2m) ($2.2m) $816k ($5.8m) ($885k) ($1.3m) ($1.5m) $37k
Share-based Payment Arrangement, Noncash Expense $6.3m $6.9m $6.3m $8.8m $6.9m $10.7m $12.3m $14.4m $14.2m $24.4m
Payment, Tax Withholding, Share-based Payment Arrangement $697k $1.6m $2.1m $2.7m $2.0m $1.9m $1.8m $559k $0 $0
Share-based Payment Arrangement, Expense $3.7m
Impairment of Intangible Assets, Finite-lived $4.9m
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $0 $0 $0 $0 $0 $0 $0
Share-based Payment Arrangement, Expensed and Capitalized, Amount $6.6m $7.3m $6.8m $7.5m $11.3m $12.9m $15.1m $15.0m $24.4m
Gain (Loss) on Disposition of Assets $14.2m $0 $7.0m
Gain (Loss) on Disposition of Business $7.9m $15.9m $0
Gain (Loss) on Extinguishment of Debt ($3.7m)
Income Tax Expense (Benefit) $7.6m ($143k) ($3.6m) ($76k) ($492k) $7k $4.2m $9.1m $5.8m $5.0m
Interest Expense Nonoperating $34.3m $26.6m
Other Nonoperating Income (Expense) ($437k) $260k ($141k) ($1.2m) ($3.1m) ($6.1m) ($3.1m) ($3.1m) ($9.9m) $9.5m
Additional Financial Items
Foreign Currency Transaction Gain (Loss), before Tax ($5.5m) ($3.1m) $2.1m ($5.4m) $7.2m
Goodwill $78.3m $188.3m $188.8m $186.7m $260.1m $250.0m $243.6m $247.3m $241.0m $254.1m
Inventory Write-down $467k $1.2m $212k $601k $1.7m $4.8m $4.0m $4.4m $3.8m $3.3m
Investment Income, Interest $72k $212k $226k $738k $217k $79k $147k $1.1m $1.5m $763k
Operating Expenses $105.0m $120.7m $163.7m $166.0m $165.3m $205.3m $196.3m $237.7m $209.9m $257.5m
Pension Expense (Reversal of Expense), Noncash $1.9m $1.9m
Realized Investment Gains (Losses) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Net Cash Provided by (Used in) Operating Activities $19.7m $10.8m $9.9m $15.8m $12.4m ($2.6m) ($5.2m) $18.8m $22.2m $39.9m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $6.2m $6.6m $5.8m $8.1m $7.3m $13.1m $9.0m $7.4m $11.2m $39.0m
Payments to Acquire Businesses, Net of Cash Acquired $59.1m $0
Payments for (Proceeds from) Other Investing Activities $126k $86k $929k $871k $1.7m $249k $0 $2.3m
Net Cash Provided by (Used in) Investing Activities ($73.9m) ($171.0m) ($6.7m) ($23.9m) ($73.1m) $5.7m ($10.7m) ($502k) ($28.2m) ($42.0m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $0 $0 $184.0m $0
Repayments of Long-term Debt $2.8m $211.8m $210k
Proceeds from Issuance of Common Stock $2.2m $3.1m $3.9m $4.8m $2.4m $3.8m $3.4m $4.0m $5.7m $13.1m
Proceeds from (Payments for) Other Financing Activities $617k ($910k) ($902k) ($728k) ($651k) ($561k) ($459k) ($537k) ($623k) ($699k)
Net Cash Provided by (Used in) Financing Activities $73.4m $143.2m ($2.6m) ($1.5m) $93.6m ($12.2m) ($1.6m) $865k $2.2m $11.3m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($317k) $412k $879k $1.7m ($5.2m) $2.2m $1.8m $401k ($1.7m) $2.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($317k) $412k $1.5m ($7.9m) $27.7m ($6.9m) ($15.7m) $19.6m ($5.5m) $11.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $42.2m $34.3m $62.0m $55.0m $39.4m $58.9m $53.5m $64.9m
Supplemental disclosure of cash flow information:
Income Taxes Paid, Net $2.5m