← Axogen, 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 ($14.4m) ($10.4m) ($22.4m) ($29.1m) ($23.8m) ($27.0m) ($28.9m) ($21.7m) ($10.0m) ($15.7m)
Depreciation, Depletion and Amortization $362k $488k $774k $933k $1.5m $2.7m $2.8m $4.2m $6.5m $6.7m
Amortization of Debt Issuance Costs $125k $247k $81k — $232k — $891k $891k $893k $891k
Amortization of Debt Issuance Costs and Discounts $875k $247k $81k — — $831k — — — —
Amortization of Intangible Assets $75k $79k $77k $123k $153k $202k $265k $273k $267k $315k
Share-based Payment Arrangement, Noncash Expense $1.4m $3.6m $7.6m $10.3m $8.5m $10.9m $15.6m $14.4m $15.9m $30.1m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — $670k $0 $0 — — —
Share-based Payment Arrangement, Expense — — — $10.3m — $10.9m — — — —
Goodwill and Intangible Asset Impairment — — — $104k $0 $0 — — — —
Gain (Loss) on Disposition of Property Plant Equipment — — ($1k) — ($3k) $0 $0 ($56k) $0 $0
Gain (Loss) on Extinguishment of Debt — — ($2.2m) — $0 — — — — —
Income Tax Expense (Benefit) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Interest Expense Nonoperating — — — — — — — — $8.2m $7.7m
Other Nonoperating Income (Expense) ($20k) ($31k) — — — — ($230k) ($437k) ($199k) $167k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $3.3m $3.2m $5.1m $2.1m $635k $499k $4.6m $2.7m ($392k) $2.5m
Increase (Decrease) in Inventories $1.5m $1.9m $6.0m $3.8m $910k $7.5m $3.7m $6.1m $10.2m $9.2m
Proceeds from Stock Options Exercised $1.1m $1.4m $3.9m $4.0m $3.3m $5.5m $1.8m $2.0m $2.3m $10.5m
General and Administrative Expense $10.1m $14.7m $23.1m $31.3m $26.4m $32.3m $36.8m $34.9m $39.0m $44.6m
Inventory Write-down — — $1.3m $1.9m $2.2m $3.3m $1.8m $1.9m $7.0m $4.5m
Nonoperating Income (Expense) ($6.3m) ($2.5m) ($1.9m) $2.3m ($604k) ($1.6m) $759k ($254k) ($6.7m) ($7.9m)
Unrealized Gain (Loss) on Investments — — $721k $972k $47k ($68k) $228k $666k $155k $329k
Derivative, Gain (Loss) on Derivative, Net — — — — ($117k) ($28k) $1.0m $1.5m $587k ($1.5m)
Gain (Loss) on Derivative Instruments, Net, Pretax — — — — ($117k) ($28k) — — — —
Net Cash Provided by (Used in) Operating Activities ($11.2m) ($9.2m) ($17.9m) ($19.9m) ($9.6m) ($13.4m) ($16.1m) ($5.7m) $4.5m $812k
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $964k $1.1m $6.3m $4.7m $21.9m $27.8m $20.1m $13.9m $3.1m $3.7m
Payments to Acquire Investments — — $114.7m $121.1m $77.8m $68.7m $39.2m $10.2m $5.8m $13.7m
Net Cash Provided by (Used in) Investing Activities ($1.2m) ($1.3m) ($98.2m) $27.3m ($17.0m) ($23.6m) ($3.2m) $19.3m ($10.3m) ($5.3m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — — $35.0m $15.0m $0 $0 — —
Repayments of Long-term Debt $2.4m $21k $22.5m — $0 — — — — —
Proceeds from Issuance of Common Stock $18.7m $15.7m $133.0m — $3.5m $0 $0 — — —
Net Cash Provided by (Used in) Financing Activities $16.5m $17.0m $109.8m $4.0m $40.5m $20.5m $1.8m $2.0m $2.3m $10.5m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — ($6.2m) $11.4m $13.9m ($16.6m) ($17.5m) $15.5m ($3.5m) $6.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $4.1m $6.5m $30.3m $41.7m $55.6m $39.0m $21.5m $37.0m $33.6m $39.5m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $5.8m $2.2m $1.3m $34k $822k $495k $0 $1.9m $7.3m $6.8m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.