AtriCure, 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 ($33.3m) ($26.9m) ($21.1m) ($35.2m) ($48.2m) $50.2m ($46.5m) ($30.4m) ($44.7m) ($11.4m)
Depreciation $7.7m $7.8m $7.2m $7.4m $7.9m $7.5m $8.1m $9.5m $11.2m $12.1m
Amortization of Debt Issuance Costs $218k $264k $515k $375k $509k $759k $507k $486k $478k $478k
Amortization of Intangible Assets $1.6m $1.4m $1.5m $1.9m $1.7m $2.9m $3.7m $5.4m $7.5m $8.4m
Deferred Income Tax Expense (Benefit) ($102k) $51k $26k ($12k) $21k $8k ($15k) $6k ($62k)
Share-based Payment Arrangement, Noncash Expense $11.7m $14.6m $16.5m $18.0m $22.6m $28.1m $28.8m $35.7m $40.4m $44.7m
Payment, Tax Withholding, Share-based Payment Arrangement $1.7m $2.0m $4.5m $9.0m $13.0m $18.0m $12.2m $6.6m $7.0m $11.2m
Share-based Payment Arrangement, Expense $11.7m $14.6m $16.5m $18.0m $22.6m $28.1m $28.8m $35.7m $40.4m $44.7m
Impairment of Intangible Assets, Finite-lived $82.3m $0 $0
Gain (Loss) on Disposition of Property Plant Equipment ($433k) ($336k) ($323k) ($604k) ($277k)
Gain (Loss) on Extinguishment of Debt $0 $0 ($1.4m) $0
Income Tax Expense (Benefit) $40k $14k $226k $199k $114k $188k $268k $591k $1.0m $1.3m
Interest Expense Nonoperating $6.4m $5.9m
Other Nonoperating Income (Expense) ($586k) $138k ($183k) ($160k) ($24k) ($366k) ($537k) ($31k) ($326k) $683k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $2.0m $1.5m $2.8m $3.2m ($5.1m) $10.1m $9.0m $9.9m $8.3m $5.6m
Increase (Decrease) in Inventories $79k $4.5m $146k $5.2m $5.3m $4.3m $7.3m $21.8m $7.7m $2.3m
Increase (Decrease) in Accounts Payable ($1.1m) $1.3m ($2.4m) $2.8m ($1.6m) $4.7m $2.7m $6.2m ($1.5m) ($960k)
Proceeds from Stock Options Exercised $3.3m $4.4m $6.0m $1.2m $10.8m $8.2m $1.8m $2.3m $1.0m $1.4m
Foreign Currency Transaction Gain (Loss), before Tax ($407k) $173k ($165k) ($181k)
Gain (Loss) on Investments $0 $0 $0 $0 $0 $0 $0
Goodwill $105.3m $105.3m $105.3m $234.8m $234.8m $234.8m $234.8m $234.8m $234.8m $234.8m
Investment Income, Interest $227k $227k $1.0m $2.4m $1.1m $466k $2.0m $3.8m $4.4m $4.5m
Operating Expenses $142.2m $151.1m $164.2m $203.5m $193.5m $150.7m $288.6m $327.1m $387.5m $410.2m
Unrealized Gain (Loss) on Investments ($21k) ($6k) ($37k) $100k $54k ($887k) ($3.7m) ($800k)
Net Cash Provided by (Used in) Operating Activities ($15.1m) ($8.9m) ($4.2m) ($15.8m) ($19.9m) ($13.8m) ($22.1m) $4.5m $12.2m $57.3m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $7.7m $6.4m $6.2m $12.2m $5.3m $9.8m $16.9m $12.0m $11.5m $9.1m
Net Cash Provided by (Used in) Investing Activities ($12.1m) $3.8m ($85.4m) ($2.1m) ($156.2m) $23.5m $44.0m $21.8m $30.2m ($14.6m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $20.0m $5.0m $0 $0 $61.2m $0
Proceeds from Issuance of Common Stock $1.6m $2.1m $82.9m $2.7m $189.0m $0 $0 $5.3m $5.1m $5.9m
Proceeds from (Payments for) Other Financing Activities $6.2m
Net Cash Provided by (Used in) Financing Activities $27.7m $2.8m $100.2m $14.4m $189.4m ($7.6m) ($7.1m) ($32k) ($3.6m) $1.2m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($53k) $24k ($179k) ($163k) $136k ($372k) ($361k) ($58k) ($424k) $747k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($53k) $24k ($179k) ($3.7m) $13.5m $1.7m $14.4m $26.2m $38.4m $44.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $58.1m $84.3m $122.7m $167.4m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $2.0m $3.9m $3.7m $4.4m $4.2m $4.3m $6.4m $6.0m $5.3m
Income Taxes Paid, Net $65k $259k $217k $190k $192k $395k $619k $1.3m