Company: SWKH
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001628280-25-013989
Chunk: 156

Company: SWK Holdings Corp
Filing Date: 2025-03-20
Form: 10-K
Item: Item 8
Chunk 156
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 — 15,887 15,887 Balances at December 31, 202312,497,770 12 4,425,104 (4,144,801)280,315 Stock-based compensation— — 944 — 944 Forfeiture of unvested restricted stock(6,446)— — — — Issuance of restricted common stock73,364 — — — — Repurchases of common stock in open market(353,684)— (6,014)— (6,014)Net settlement for employee taxes on stock options— — (43)— (43)Stock options exercised, net2,595 — — — — Net income— — — 13,488 13,488 Balances at December 31, 202412,213,599 12 4,419,991 (4,131,313)288,690 

See accompanying notes to the consolidated financial statements.

36

SWK HOLDINGS CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)Year Ended December 31,20242023Cash 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 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 rece