Company: SWKH
Filing Date: 2025-04-29
Form Type: ARS
Source: 0001628280-25-020753
Chunk: 59

Company: SWK Holdings Corp
Filing Date: 2025-04-29
Form: ARS
Chunk 59
---
 |        |  — |     |                            |         — |     |                     |     13,488 |     |                            |  13,488 |
| Balances at December 31, 2024                      |     |              | 12,213,599 |     |        | 12 |     |                            | 4,419,991 |     |                     | -4,131,313 |     |                            | 288,690 |

<div align='center'>See accompanying notes to the consolidated financial statements.

36</div>

### SWK HOLDINGS CORPORATION

### CONSOLIDATED STATEMENTS OF CASH FLOWS
<div align='center'>( In thousands)</div>

|                                                                                                |     | Year Ended December 31, |    2024 |       |     |   |    2023 |       |
|:-----------------------------------------------------------------------------------------------|:----|:------------------------|--------:|------:|:----|:--|--------:|------:|
| Cash flows from operating activities:                                                          |     |                         |         |       |     |   |         |       |
| Net income                                                                                     |     | $                       |  13,488 |       |     | $ |  15,887 |       |
| Adjustments to reconcile net income to net cash provided by operating activities:              |     |                         |         |       |     |   |         |       |
| Provision for credit losses                                                                    |     |                         |  12,756 |       |     |   |   1,912 |       |
| Impairment of goodwill                                                                         |     |                         |       — |       |     |   |   8,404 |       |
| Loss on impairment of intangible assets                                                        |     |                         |   5,771 |       |     |   |       — |       |
| Right-of-use amortization and cease use costs                                                  |     |                         |     415 |       |     |   |     333 |       |
| Amortization of debt issuance costs                                                            |     |                         |   1,054 |       |     |   |     493 |       |
| Deferred income taxes, net                                                                     |     |                         |   4,807 |       |     |   |  -1,286 |       |
| Unrealized net (gain) loss on warrants                                                         |     |                         |  -2,406 |       |     |   |      55