Company: CRL
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001100682-25-000011
Chunk: 111

Company: CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 111
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 fiscal year 2024, from $474.6 million in the corresponding period of 2023. The decrease in net income available to common shareholders of $464.3 million was due principally to the decreases in operating income described above.

During fiscal year 2024, our cash flows from operations was $734.6 million compared with $683.9 million for fiscal year 2023. The increase in net cash provided by operating activities was primarily due to favorable performance across our revenue related accounts, including collections on trade receivables, deferred revenue, and customer deposits; benefiting cash provided by operations by $46.7 million, lower purchases of inventory supporting our Safety Assessment business, benefiting our cash provided by operations by $16.8 million; partially offset by $27.6 million related to accrued compensation, and timing of payments to our suppliers and vendors reducing our cash provided by operations by $14.3 million.

Revenue and Operating Income

The following tables present consolidated revenue by type and by reportable segment:

Fiscal Year20242023$ change% change(in thousands, except percentages)Service revenue$3,304,138 $3,440,019 $(135,881)(4.0)%Product revenue745,851 689,390 56,461 8.2 %$4,049,989 $4,129,409 $(79,420)(1.9)%

Fiscal Year20242023$ change% changeImpact of FX(in thousands, except percentages)RMS$829,377 $792,343 $37,034 4.7 %(0.2)%DSA2,451,280 2,615,623 (164,343)(6.3)%0.2 %Manufacturing769,332 721,443 47,889 6.6 %(0.2)%Total revenue$4,049,989 $4,129,409 $(79,420)(1.9)%0.1 %

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CHARLES RIVER LABORATORIES INTERNATIONAL, INC.

Analysis of Segment Results

The following table presents operating income (loss) by reportable segment:

Fiscal Year20242023$ change% changeImpact of FX(in thousands, except percentages)RMS$114,411 $154,666 $(40,255)(26.0)%(0.3)%DSA442,510 606,076 (163,566)(27.0)%0