Company: CRL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001100682-25-000043
Chunk: 40

Company: CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 40
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 in 2024. Our effective tax rate was 31.1% for the nine months ended September 27, 2025 compared to 22.9% for the corresponding period in 2024. The increase in our effective tax rate in the nine months ended September 27, 2025 compared to the corresponding period in 2024 was primarily attributable to an increase in net U.S. taxation of foreign operations, as well as the current and deferred impact of tax legislation enacted in the third quarter of fiscal 2025 in a foreign jurisdiction.

34 

CHARLES RIVER LABORATORIES INTERNATIONAL, INC.

Liquidity and Capital Resources 

Liquidity and Cash Flows

In general we require cash to fund our working capital needs, capital expansion, acquisitions, debt payments, lease payments, venture capital and strategic equity investments, restructuring initiatives, and pension obligations. Our principal sources of liquidity have been our cash flows from operations supplemented by long-term borrowings. Based on our current business plan, we believe that our existing funds, when combined with cash generated from operations and our access to financing resources, are sufficient to fund our operations for the foreseeable future.

The following table presents our cash, cash equivalents and short-term investments: 

September 27, 2025December 28, 2024(in thousands)Cash and cash equivalents:Held in U.S. entities$7,255 $4,219 Held in non-U.S. entities199,842 190,387 Total cash and cash equivalents207,097 194,606 Short-term investments:Held in non-U.S. entities65 62 Total cash, cash equivalents and short-term investments$207,162 $194,668 

The following table presents our net cash provided by operating activities:

Nine Months EndedSeptember 27, 2025September 28, 2024(in thousands)Net income$134,127 $239,038 Adjustments to reconcile net income to net cash provided by operating activities448,690 324,110 Changes in assets and liabilities7,309 12,067 Net cash provided by operating activities$590,126 $575,215 

Net cash provided by cash flows from operating activities represents the cash receipts and disbursements related to all of our activities other than investing and financing activities. Operating cash flow is derived by adjusting our net income for (1) non-cash operating items such as depreciation and amortization, stock-based compensation, goodwill impairment