Company: STAA
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024813
Chunk: 179

Company: STAAR SURGICAL CO
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 179
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 December 29, 2023 and December 30, 2022

(In thousands)

    2024

    2023

    2022

    Cash flows from operating activities:

    Net income (loss)
     
    $
    (20,208
    )
     
    $
    21,347

    $
    39,665

    Adjustments to reconcile net income (loss) to net cash provided by   operating activities:

    Depreciation of property, plant, and equipment

    6,891

    5,111

    4,481

    Amortization of intangibles

    —

    13

    28

    Impairment of intangibles

    —

    154

    —

    Accretion/amortization of investments available for sale

    (1,091
    )

    (2,501
    )

    (1,198
    )

    Deferred income taxes

    3,590

    3,264

    (2,254
    )

    Change in net pension liability

    26

    (956
    )

    53

    Loss on disposal of property and equipment

    1,694

    73

    65

    Stock-based compensation expense

    27,210

    23,516

    20,371

    Change in asset retirement obligation

    (53
    )

    (102
    )

    47

    Provision for sales returns and credit losses

    286

    663

    913

    Inventory provision

    2,782

    4,851

    2,423

    Changes in working capital:

    Accounts receivable

    16,493

    (32,760
    )

    (19,601
    )

    Inventories

    (10,000
    )

    (14,361
    )

    (7,943
    )

    Prepayments, deposits, and other assets

    (15,363
    )

    (3,413
    )

    (2,549
    )

    Accounts payable

    75

    (701
    )

    1,805

    Other current liabilities

    3,393

    10,396

    (591
    )

    Net cash provided by operating activities

    15,725