Company: IPAR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001753926-25-001703
Chunk: 31

Company: INTERPARFUMS INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 7
Chunk 31
---
rolling interest, end of period

233,608

206,653

233,608

206,653

Total equity

$
1,104,495

$
985,129

$
1,104,495

$
985,129

See notes to consolidated financial statements.

Page 5

INTERPARFUMS, INC. AND SUBSIDIARIES 
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)

Nine Months Ended

September 30,

2025

2024

Cash flows from operating activities:

Net income
 
$
179,879

$
176,736

Adjustments to reconcile net income to net cash used in operating activities:

Depreciation and amortization

18,836

18,201

Provision for doubtful accounts

1,716

613

Noncash stock compensation

1,313

1,768

Share of income of equity investment

(673
)

(109
)

Noncash lease expense

4,809

4,533

Deferred tax provision

3,454

(4,909
)

Change in fair value of derivatives

(7,064
)

(153
)

Changes in:

Accounts receivable

 (62,901
)

(102,576
)

Inventories

18,749

(35,237
)

Other assets

(4,035
)

3,770

Operating lease liabilities

(5,037
)

(4,378
)

Accounts payable and accrued expenses

(77,469
)

(17,571
)

Income taxes, net

(3,204
)

8,993

Net cash provided by operating activities

68,373

49,681

Cash flows from investing activities:

Purchases of short-term investments

(93,244
)

(146,868
)

Proceeds from sale of short-term investments

137,150

162,176

Purchases of property, equipment and leasehold improvements

(22,866
)

(2,889
)

Payment for intangible assets acquired

(22,882
)

(850
)

Net cash (used in) provided by investing activities

(1,842
)

11,569

Cash flows from financing activities:

Proceeds from loans payable, bank

—

4,348

Proceeds of issuance of long-term debt

55,940

43,484

Repayment of long-term debt

(37,046
)

(24,781
)

Proceed