Company: NOTV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039017
Chunk: 5

Company: Inotiv, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 credit losses(451)(1,282)Amortization of debt issuance costs and original issue discount3,862 2,575 Non-cash interest and accretion expense9,176 5,553 Other non-cash operating activities1,083 (711)Changes in operating assets and liabilities: Trade receivables and contract assets(4,338)24,876 Inventories(26,846)17,520 Prepaid expenses and other current assets6,877 942 Operating lease right-of-use assets and liabilities, net1,382 1,092 Accounts payable11,384 (4,931)Accrued expenses and other current liabilities3,340 2,254 Fees invoiced in advance(1,868)(17,017)Other asset and liabilities, net(9,085)24,455 Net cash used in operating activities(24,760)(4,433)  Investing activities:  Capital expenditures(13,938)(17,015)Proceeds from sale of property and equipment1,522 5,432 Net cash used in investing activities(12,416)(11,583)  Financing activities:  Payments on revolving credit facility(20,000)— Payments on senior term notes and delayed draw term loans(4,254)(2,073)Borrowings on revolving credit facility20,000 — Issuance of common shares27,524 — Other financing activities, net(1,187)(2,816)Net cash provided by (used in) financing activities22,083 (4,889)  Effect of exchange rate changes on cash and cash equivalents(124)(153)Net decrease in cash and cash equivalents(15,217)(21,058)Cash and cash equivalents at beginning of period21,432 35,492 Cash and cash equivalents at end of period$6,215 $14,434   Supplemental disclosure of cash flow information:  Cash paid for interest$30,950 $27,398 Income taxes paid, net$714 $1,517 

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

9

Index to Unaudited Condensed Consolidated Financial Statements

PageNOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS111. DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION