Company: IPAR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001753926-25-001236
Chunk: 31

Company: INTERPARFUMS INC
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 7
Chunk 31
---
49
)

Dividends

(26,566
)

(23,707
)

(26,875
)

(23,707
)

Noncontrolling interest, end of period

217,393

184,129

217,393

184,129

Total equity

$
1,056,752

$
901,206

$
1,056,752

$
901,206

See notes to consolidated financial statements.

Page 5

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

Six Months Ended

June 30,

2025

2024

Cash flows from operating activities:

Net income
 
$
96,600

$
99,901

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

Depreciation and amortization

12,291

12,020

Provision for doubtful accounts

108

715

Noncash stock compensation

946

1,169

Share of income of equity investment

(410
)

(70
)

Noncash lease expense

3,969

3,006

Deferred tax provision

5,821

(2,721
)

Change in fair value of derivatives

(5,869
)

(299
)

Changes in:

Accounts receivable

3,637

(59,603
)

Inventories

(16,802
)

(71,184
)

Other assets

(5,631
)

6,581

Operating lease liabilities

(4,217
)

(2,873
)

Accounts payable and accrued expenses

(74,044
)

(12,664
)

Income taxes, net

(11,889
)

(437
)

Net cash provided by (used in) operating activities

4,510

(26,459
)

Cash flows from investing activities:

Purchases of short-term investments

(47,361
)

(80,879
)

Proceeds from sale of short-term investments

112,078

134,078

Purchases of property, equipment and leasehold improvements

(16,631
)

(2,122
)

Payment for intangible assets acquired

(23,852
)

(572
)

Net cash provided by investing activities

24,234

50,505

Cash flows from financing activities:

Proceeds from loans payable, bank

35,160

14,244

Proceeds of issuance of long