Company: NOTV
Filing Date: 2025-12-05
Form Type: 10-K
Source: 0001628280-25-055483
Chunk: 54

Company: Inotiv, Inc.
Filing Date: 2025-12-05
Form: 10-K
Item: Item 7
Chunk 54
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 as of September 30, 2024. As of September 30, 2025, we had a $3,000 outstanding balance on our $15,000 revolving credit facility. Information about other debt outstanding as of each date is set forth below under “Capital Resources.”

Net cash used in operating activities was $10,455 for the fiscal year ended September 30, 2025, compared to $6,805 for the fiscal year ended September 30, 2024. Contributing factors to our cash used in operations for fiscal 2025 were a consolidated net loss of $68,625, a $21,612 decrease in deferred taxes and $1,144 for net changes in operating assets and 

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liabilities, partially offset by noncash charges of $55,928 for depreciation and amortization, $6,028 for stock compensation expense, $12,535 of non-cash interest and accretion expense and $5,206 of amortization of debt issuance costs and original issue discount. Contributing factors to our cash used in operating activities for fiscal 2024 were a consolidated net loss of $108,885, a $23,251 decrease in deferred taxes, and a gain on debt extinguishment of $1,860, partially offset by $57,118 for depreciation and amortization, $52,604 for net changes in operating assets and liabilities, $7,378 of non-cash interest and accretion expense, $6,740 for employee stock compensation expense and $3,745 of amortization of debt issuance costs and original issue discount. Refer to the Statements of Cash Flows within Part II, Item 8 of this Report for further details of net operating cash flows. 

Net cash used in investing activities was $12,891 for the fiscal year ended September 30, 2025 compared to net cash used in investing activities of $16,832 for the fiscal year ended September 30, 2024. 

Our cash used in investing activities in fiscal 2025 was primarily related to capital expenditures of $16,615, partially offset by proceeds from the sale of property and equipment. Capital expenditures in fiscal 2025 primarily consisted of investments in facility improvements for animal welfare and capacity expansions to support future NHP colony management service revenue growth.

Our cash used in investing activities during fiscal 2024 was primarily related to capital expenditures of $22,310, partially offset by proceeds from sale of property and equipment of $5,478. The capital expenditures reflect