VERACYTE, 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 ($23.0m) ($12.6m) ($34.9m) ($75.6m) ($36.6m) ($74.4m) $24.1m $66.4m
Net Income (Loss) Available to Common Stockholders, Basic ($31.4m) ($31.0m) ($23.0m) ($12.6m) ($34.9m) ($75.6m) ($36.6m) ($74.4m) $24.1m $66.4m
Depreciation, Depletion and Amortization $3.5m $3.8m $3.9m $4.1m $7.9m $19.6m $25.9m $27.2m $23.5m $21.4m
Depreciation $3.5m $3.8m $3.9m $4.1m $7.9m $3.6m $4.6m $6.6m $8.6m $8.3m
Amortization $1.1m $1.1m $1.4m
Amortization of Debt Issuance Costs and Discounts $173k $472k $32k $83k $0 $0
Amortization of Intangible Assets $1.1m $3.0m $1.1m $1.4m $5.1m $16.0m $21.4m $20.6m $14.8m $13.2m
Deferred Income Tax Expense (Benefit) ($6.2m) ($427k) ($3.9m) ($230k) ($580k)
Share-based Payment Arrangement, Noncash Expense $6.4m $6.6m $6.0m $9.8m $13.0m $22.5m $26.7m $33.1m $36.2m $43.6m
Payment, Tax Withholding, Share-based Payment Arrangement $3.8m $9.0m $3.2m $6.7m $10.6m $18.3m
Share-based Payment Arrangement, Expense $6.0m $9.8m $13.0m $22.5m $26.7m $33.1m $36.2m $43.6m
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount $1.0m $0 $3.3m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets, Finite-lived $0 $0 $0 $0 $0 $0 $3.3m $66.9m $2.7m $0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $0 $0 $0 $0 $0
Gain (Loss) on Disposition of Property Plant Equipment ($12k) ($12k) $0 $23k $0 $0 ($206k) ($271k) ($202k) ($15k)
Income Tax Expense (Benefit) $0 $0 $0 $0 $0 ($6.1m) $133k ($2.2m) $1.6m $1.8m
Operating Lease, Expense $1.9m $1.9m $3.5m $4.4m $5.3m $6.7m $8.0m
Other Nonoperating Income (Expense) $202k $476k $1.2m $3.2m $709k $254k $4.7m $9.2m $9.6m $10.4m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $5.3m $4.0m $452k $6.2m ($955k) $8.6m $4.5m ($3.9m) $6.4m $708k
Increase (Decrease) in Inventories ($292k) $1.8m ($1.9m) $3.4m ($1.1m) $1.5m $3.0m $1.7m $5.9m $2.9m
Increase (Decrease) in Accounts Payable ($1.4m) $1.7m ($1.6m) ($141k) $711k $5.2m $152k ($134k) ($4.3m) ($1.0m)
Proceeds from Stock Options Exercised $1.2m $1.9m $4.3m $14.6m $13.7m $11.5m $7.9m $9.6m $20.0m $14.1m
Deconsolidation, Gain (Loss), Amount ($6.7m)
Foreign Currency Transaction Gain (Loss), before Tax $34k ($1.2m) ($522k) $1.1m ($2.1m) $3.8m
General and Administrative Expense $23.8m $23.1m $24.0m $29.0m $36.7m $101.4m $76.5m $86.2m $110.6m $110.8m
Goodwill $1.1m $1.1m $1.1m $2.7m $2.7m $707.9m $695.9m $703.0m $745.8m $767.2m
Inventory Write-down $1.1m $0 $0
Operating Expenses $93.9m $98.5m $114.2m
Net Cash Provided by (Used in) Operating Activities ($28.0m) ($23.9m) ($13.5m) ($3.2m) ($9.7m) ($31.6m) $7.5m $44.2m $75.1m $136.3m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $4.2m $1.8m $1.9m $2.8m $2.8m $5.4m $8.5m $10.0m $11.3m $9.7m
Payments to Acquire Businesses, Net of Cash Acquired $0 ($440k) $574.4m $0 $0 ($5.0m) $0
Net Cash Provided by (Used in) Investing Activities ($4.2m) ($1.2m) ($1.9m) ($42.7m) ($3.8m) ($739.2m) ($29.4m) $15.1m ($56.3m) ($9.2m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $24.5m $24.9m $0 $0
Repayments of Long-term Debt $5.0m $25.4m $0 $24.9m $100k $0 $1.3m $0 $0
Dividends Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Net Cash Provided by (Used in) Financing Activities $52.3m ($218k) $59.5m $127.3m $203.6m $596.3m $3.5m $2.8m $4.9m ($4.2m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $0 $0 ($1.5m) ($592k) $163k ($424k) $719k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $44.1m $81.3m $190.0m ($176.0m) ($18.9m) $62.3m $23.3m $123.6m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $78.6m $159.9m $350.0m $173.9m $155.0m $217.3m $240.6m $364.2m
Cash, Cash Equivalents, and Short-term Investments $178.9m $216.5m $289.4m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.5m $332k $13k $9k $9k $0 $0
Income Taxes Paid, Net $3.6m