Company: INGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029993
Chunk: 148

Company: Inogen Inc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 148
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Our principal uses of cash are funding our new rental asset deployments and other capital purchases, operations, and other working capital requirements and, from time-to-time, the acquisition of businesses. Over the past several years our cash flows from customer collections have remained consistent and our annual cash provided by operating activities has generally been a significant source of capital to the business. 

 71

Contractual obligations 

The following table reflects a summary of our contractual obligations as of December 31, 2024. 

    Payments due by period

    (amounts in thousands)

    Less than

    1-3

    3-5

    More than

    Contractual Obligations
     
    Total

    1 year

    years

    years

    5 years

    Operating leases - properties and other (1)
     
    $
    21,126

    $
    3,336

    $
    7,255

    $
    6,271

    $
    4,264

    Purchase obligations (2)

    58,400

    58,400

    —

    —

    —

    Total
     
    $
    79,526

    $
    61,736

    $
    7,255

    $
    6,271

    $
    4,264

(1)We lease manufacturing and office space in Plano, TX, Goleta, CA, Smyrna, TN, Huntsville, AL, Aurora, CO, Beverly, MA, De Meern, Netherlands and Montpellier, France with terms that expire between 2025 and 2031 and miscellaneous office and processing equipment in Texas and California with terms expiring between 2025 and 2028. Included in these amounts are the lease payments assumed by a third party, referred to as the Assignee, based on an Assignment and Assumption of Lease Agreement in which the Assignee assumed the rights, title, and interest in the lease. Commencing February 1, 2024 and ending May 31, 2031, the Assignee assumed responsibility for the monthly lease payments, and we remain the primary obligor under the lease to the landlord. 

(2)We obtain individual components for our products from a wide variety of individual suppliers. Consistent with industry practice, we acquire components through a combination of purchase orders, supplier contracts, and open orders based on projected demand information. Where appropriate, the purchases are applied