Company: IPAR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001753926-25-001236
Chunk: 32

Company: INTERPARFUMS INC
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 7
Chunk 32
---
-term debt

54,635

—

Repayment of long-term debt

(23,795
)

(15,956
)

Proceeds from exercise of options

2,112

1,370

Dividends paid

(51,394
)

(47,963
)

Dividends paid to noncontrolling interest

(26,875
)

(23,707
)

Purchase of subsidiary shares from noncontrolling interests

(408

)

—

Purchase of treasury stock

(2,043
)

—

Net cash used in financing activities

(12,608
)

(72,012
)

Effect of exchange rate changes on cash

9,885

(1,523
)

 Net increase (decrease) in cash and cash equivalents 

26,021

(49,489
)

Cash and cash equivalents - beginning of period

125,433

88,462

Cash and cash equivalents - end of period
 
$
151,454

$
38,973

Supplemental disclosure of cash flow information:

Cash paid for:

Interest
 
$
3,031

$
4,264

Income taxes

37,147

32,937

See notes to consolidated financial statements. 

Page 6

INTERPARFUMS, INC. AND SUBSIDIARIES
 
Notes
to Consolidated Financial Statements
(Unaudited) 

1.
Significant
                                         Accounting Policies:

The
accounting policies we follow are set forth in the notes to our consolidated financial statements included in our Form 10-K, which
was filed with the Securities and Exchange Commission for the year ended December 31, 2024.

2.
Recent Agreements:

Longchamp
 
In July 2025, we announced that our 72% owned French subsidiary, Interparfums SA, signed an exclusive license agreement with Longchamp, a Parisian Maison, through December 31, 2036. Interparfums SA will be responsible for the creation, development, production and distribution of fragrance lines in Longchamp-brand points of sale and selective distribution channels. The first launch is expected in 2027. Our rights under this license are subject to certain minimum advertising expenditures and royalty payments as are customary in our industry.  
 
Goutal
 
In March 2025, we announced that our 72% owned French subsidiary, Interparfums SA, acquired all intellectual property rights relating to Maison G