Company: SWKH
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001628280-25-013989
Chunk: 157

Company: SWK Holdings Corp
Filing Date: 2025-03-20
Form: 10-K
Item: Item 8
Chunk 157
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ivable and other receivables, net(1,059)(1,635)Derivative assets and liabilities, net1,229 1,059 Other assets199 (787)Accounts payable, accrued expenses, and other non-current liabilities(1,326)371 Deferred income1,491 26 Net cash provided by operating activities23,049 14,888 Cash flows from investing activities:Sale of finance receivables— 13,942 Sale of marketable investments574 — Investment in finance receivables(63,706)(74,125)Repayment of finance receivables53,109 11,703 Corporate debt securities principal payments27 28 Purchases of property and equipment(138)(496)Net cash used in investing activities(10,134)(48,948)Cash flows from financing activities:Net settlement for employee taxes on stock options(43)— Net (payments on) proceeds from credit facility(6,117)9,905 Payments for financing costs(50)(3,407)Proceeds from senior unsecured notes— 32,969 Repurchases of common stock, including fees and expenses(6,014)(6,327)Net cash (used in) provided by financing activities(12,224)33,140 Net increase (decrease) in cash, cash equivalents, and restricted cash691 (920)Cash, cash equivalents, and restricted cash at beginning of period5,236 6,156 Cash, cash equivalents, and restricted cash at end of period5,9275,236Supplemental non-cash investing and financing activities:Derecognition of right-of-use assets and operating lease liabilities upon termination of lease82 — Cash paid for interest$3,082 $1,351 Fair value of warrants received with finance receivables$1,241 $1,364 See accompanying notes to the consolidated financial statements.

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SWK HOLDINGS CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Note 1. SWK Holdings Corporation and Summary of Significant Accounting Policies

Nature of OperationsSWK Holdings Corporation (the “Company,” “we,” or “us”) was incorporated in July 1996 in California and reincorporated in Delaware in September 1999. In July 2012, we commenced a strategy of building a specialty finance and asset management business. In August 2019, we commenced a complementary strategy of building a