Company: NOTV
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001628280-25-004178
Chunk: 4

Company: Inotiv, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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— — — 1,897 Pension cost amortization—— — — 46 — 46 Foreign currency translation adjustment—— — — 1,201 — 1,201 Balance at December 31, 202325,790,680$6,409 $715,282 $(469,106)$1,577 $— $254,162 

The accompanying notes are an integral part of the unaudited condensed consolidated financial statements.

7

INOTIV, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

Three Months EndedDecember 31,20242023Operating activities:  Consolidated net loss$(27,630)$(15,828)Adjustments to reconcile net loss to net cash used in operating activities:  Depreciation and amortization14,179 14,250 Employee stock compensation expense1,770 1,897 Changes in deferred taxes(2,802)(5,318)Provision for expected credit losses(453)(438)Amortization of debt issuance costs and original issue discount1,288 846 Non-cash interest and accretion expense3,076 1,688 Other non-cash operating activities643 (1,147)Changes in operating assets and liabilities: Trade receivables and contract assets3,391 (1,497)Inventories(13,632)6,058 Prepaid expenses and other current assets19,606 7,096 Operating lease right-of-use assets and liabilities, net(353)138 Accounts payable(7,240)(2,845)Accrued expenses and other current liabilities(2,343)(2,497)Fees invoiced in advance5,071 (20,012)Other asset and liabilities, net932 11,064 Net cash used in operating activities(4,497)(6,545)  Investing activities:  Capital expenditures(4,459)(5,572)Proceeds from sale of property and equipment— 1,529 Net cash used in investing activities(4,459)(4,043)  Financing activities:  Payments on revolving credit facility(20,000)— Payments on senior term notes and delayed draw term loans(691)(691)Borrowings on revolving credit facility20,000 — Issuance