Company: IPAR
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001753926-25-000738
Chunk: 27

Company: INTERPARFUMS INC
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 7
Chunk 27
---
,007,519

$
907,887

See notes to consolidated financial statements.

Page 5    

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

Three Months Ended

March 31,

2025

2024

Cash flows from operating activities:

Net income
 
$
55,403

$
53,303

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

Depreciation and amortization

5,927

6,018

Provision for doubtful accounts

(36
)

(153
) 

Noncash stock compensation

559

589

Share of income of equity investment

(79
)

32

Noncash lease expense

1,745

1,485

Deferred tax provision

1,524

(1,461
) 

Change in fair value of derivatives

(2,415
)

(24
) 

Changes in:

Accounts receivable

(20,774
)

(50,436
) 

Inventories

(12,252
)

(34,388
) 

Other assets

247

(5,245
) 

Operating lease liabilities

(1,851
)

(1,468
) 

Accounts payable and accrued expenses

(42,539
)

(27,736
) 

Income taxes, net

7,183

7,524

Net cash used in operating activities

(7,358
)

(51,960
) 

Cash flows from investing activities:

Purchases of short-term investments

(31,653
)

(59,619
) 

Proceeds from sale of short-term investments

69,097

74,905

Purchases of property, equipment and leasehold improvements

(1,440
)

(1,059
) 

Payment for intangible assets acquired

(22,495
)

(305
) 

Net cash provided by investing activities

13,509

13,922

Cash flows from financing activities:

Repayment of (proceeds from) loans payable, bank

(1,052
)

4,000

Repayment of long-term debt

(12,451
)

(9,425
) 

Proceeds from exercise of options

1,077

1,326

Dividends paid

(25,700
)

(24,032
) 

Dividends paid to noncontrolling interest