Company: NOTV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023370
Chunk: 18

Company: Inotiv, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 — 2 Stock-based compensation—— 1,884 — — — 1,884 Pension cost amortization—— — — 47 — 47 Foreign currency translation adjustment—— — — (854)— (854)Balance at March 31, 202425,905,395$6,438 $717,139 $(517,185)$770 $— $207,162 

The accompanying notes are an integral part of the unaudited condensed consolidated financial statements.

7

INOTIV, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

Six Months EndedMarch 31,20252024Operating activities:  Consolidated net loss$(42,496)$(63,907)Adjustments to reconcile net loss to net cash used in operating activities:  Depreciation and amortization28,003 28,405 Employee stock compensation expense3,205 3,781 Changes in deferred taxes(4,028)(10,391)Provision for expected credit losses(975)(245)Amortization of debt issuance costs and original issue discount2,556 1,686 Non-cash interest and accretion expense6,090 3,336 Other non-cash operating activities1,178 (655)Changes in operating assets and liabilities: Trade receivables and contract assets3,370 22,265 Inventories(20,001)10,781 Prepaid expenses and other current assets7,483 (3,565)Operating lease right-of-use assets and liabilities, net(167)807 Accounts payable(129)(3,119)Accrued expenses and other current liabilities(1,374)5,276 Fees invoiced in advance(814)(14,100)Other asset and liabilities, net787 30,018 Net cash (used in) provided by operating activities(17,312)10,373   Investing activities:  Capital expenditures(9,932)(12,594)Proceeds from sale of property and equipment22 3,964 Net cash used in investing activities(9,910)(8,630)  Financing activities:  Payments on revolving credit facility(20,000)— Payments on senior term notes and delayed draw term loans(1,382)(1,382)Borrow