Company: VCYT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001384101-25-000130
Chunk: 18

Company: VERACYTE, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 Ended September 30, 20252024Operating activities  Net income$25,204 $19,025 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization16,117 17,206 Loss on disposal of property, plant and equipment15 131 Stock-based compensation32,700 26,620 Deferred income taxes(13)10 Noncash lease expense2,289 3,628 Revaluation of acquisition-related contingent consideration(2,713)1,242 Effect of foreign currency on operations(3,845)(785)Amortization of discount on short-term investments(2,619)— Impairment loss20,505 614 Non-cash loss on deconsolidation of subsidiary3,863 — Changes in operating assets and liabilities:Accounts receivable(3,858)(8,396)Supplies and inventory(2,642)(4,175)Prepaid expenses and other current assets(6,416)149 Other assets331 (1,710)Operating lease liabilities(1,681)(3,929)Accounts payable(547)(2,950)Accrued liabilities and deferred revenue7,034 3,892 Net cash provided by operating activities83,724 50,572 Investing activitiesAcquisition of C2i, net of cash acquired— 5,012 Purchase of short-term investments(99,998)— Proceeds from maturity of short-term investments102,116 — Purchases of property, plant and equipment(5,897)(7,146)Net cash used in investing activities(3,779)(2,134)Financing activitiesPayment of taxes on vested restricted stock units(14,645)(7,315)Proceeds from the exercise of common stock options and employee stock purchases10,572 16,729 Net cash (used in) provided by financing activities(4,073)9,414 Increase in cash, cash equivalents and restricted cash75,872 57,852 Effect of foreign currency on cash, cash equivalents and restricted cash707 (23)Net increase in cash, cash equivalents and restricted cash76,579 57,829 Cash, cash equivalents and restricted cash at beginning of period240,631 217,330 Cash, cash equivalents and restricted cash at end of period$317,210 $275,159 Supplementary cash flow information:Purchases of property,