Company: SWKH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040420
Chunk: 22

Company: SWK Holdings Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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iation and amortization expense38 935 Changes in operating assets and liabilities:Interest, accounts receivable and other receivables177 (2,655)Foreign currency forward contract915 1,260 Collateral returned for foreign currency forward contract2,750 — Other assets850 (150)Accounts payable, accrued expenses, and other non-current liabilities(871)(903)Deferred income1,800 2,207 Net cash provided by operating activities16,081 9,843 Cash flows from investing activities:Proceeds from sale of property and equipment110 — Settlement of foreign currency forward contract1,560 — Sale of marketable investments— 574 Investment in finance receivables(23,500)(7,446)Proceeds from sale of finance receivables31,678 — Repayment of finance receivables33,141 11,693 Corporate debt securities principal payments15 13 Purchases of property and equipment(163)(21)Net cash provided by investing activities42,841 4,813 Cash flows from financing activities:Net settlement for employee taxes on stock options(89)(43)Net payments on credit facility(5,939)(12,350)Cash dividends(49,078)— Repurchases of common stock, including fees and expenses(1,737)(1,950)Net cash used in financing activities(56,843)(14,343)Net increase in cash and cash equivalents2,079 313 Cash and cash equivalents at beginning of period5,927 5,236 Cash and cash equivalents at end of period$8,006 $5,549 Supplemental non-cash investing and financing activities:Cash paid for interest$1,517 $875 Derecognition of right-of-use assets and operating lease liabilities upon termination of lease$— $82 

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See accompanying notes to the unaudited condensed consolidated financial statements.

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SWK HOLDINGS CORPORATION

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 1. SWK Holdings Corporation and Summary of Significant Accounting Policies

Nature of Operations SWK Holdings Corporation (the “Company,” “we,” or “us”) was incorporated in July 1996 in California and reincorporated in Delaware in September 1999. In July 2012, we commenced a strategy of building a specialty finance and asset management business. In