Company: INGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029993
Chunk: 251

Company: Inogen Inc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 251
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1.00
        %

        1.32
        %

        Change in fair value

        -1.73
        %

        -1.40
        %

        3.88
        %

        Nondeductible compensation

        -0.83
        %

        -0.09
        %

        -1.50
        %

        Valuation allowance

        -17.83
        %

        -14.80
        %

        -27.75
        %

        Goodwill impairment charge

        —

        -6.75
        %

        —

        Other

        0.23
        %

        0.17
        %

        -0.07
        %

        Effective income tax rate

        1.61
        %

        -0.10
        %

        -0.61
        %
       
      The Company operates in several taxing jurisdictions, including U.S. federal, multiple U.S. states, Netherlands, France and Germany. The statute of limitations has expired for all tax years prior to 2021 for federal and prior to 2017 for various state tax purposes. The statute of limitations has expired for all tax years prior to 2022 for France, prior to 2021 for Germany, and prior to 2020 for Netherlands purposes. However, the net operating loss generated on the Company’s federal and state tax returns in prior years may be subject to adjustments by the federal and state tax authorities.As of December 31, 2024, the Company had $126,180, $70,477 and $15,189 of federal, state and foreign net operating loss carryforwards, respectively. Federal net operating loss carryforwards of $118,384 have an indefinite life while the remaining federal and state net operating loss carryforwards begin to expire in 2034 and 2028, respectively, if not utilized. Foreign net operating loss carryforwards of $15,189 also have an indefinite life. As of December 31, 2024, the Company had federal and California research and development credit carryforwards of $7,471 and $4,654, respectively. The federal credit will begin to expire in 2025; the California credit has indefinite carryforward. As of December 31, 2024, the Company had a federal foreign tax credit carryforward of $774. The federal credit will begin to expire in 2027.Utilization of the Company’s net operating loss and tax credit