Company: SWKH
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001628280-25-013989
Chunk: 74

Company: SWK Holdings Corp
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 74
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,887 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses12,756 1,912 Impairment of goodwill— 8,404 Loss on impairment of intangible assets5,771 — Right-of-use amortization and cease use costs415 333 Amortization of debt issuance costs1,054 493 Deferred income taxes, net4,807 (1,286)Unrealized net (gain) loss on warrants(2,406)55 Net (gain) loss on exercise and cancellation of warrants(445)799 Net loss on marketable investments266 — Change in fair value of acquisition-related contingent consideration(4,900)(6,300)Gain on revaluation of finance receivable(2,495)— Foreign currency transaction gain(1,414)(1,876)Loan discount amortization and fee accretion(3,918)(3,827)Interest paid-in-kind(2,807)(1,826)Stock-based compensation944 509 Depreciation and amortization expense1,399 2,577 Changes in operating assets and liabilities:Interest, accounts receivable 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)