Company: UFPT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001171843-25-003049
Chunk: 74

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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41
			)

			-

			Deferred income taxes

			1,443

			591

			Changes in operating assets and liabilities:

			Receivables, net

			(8,904
			)

			3,120

			Inventories

			(2,204
			)

			(3,751
			)

			Prepaid expenses and other current assets

			(790
			)

			(752
			)

			Other assets

			(2,334
			)

			261

			Accounts payable

			5,284

			1,428

			Accrued expenses

			(1,922
			)

			(5,597
			)

			Deferred revenue

			124

			(2,089
			)

			Income taxes payable

			1,801

			1,401

			Non-qualified deferred compensation plan and other liabilities

			(2,940
			)

			(1,410
			)

			Net cash provided by operating activities

			13,810

			10,654

			Cash flows from investing activities:

			Additions to property, plant, and equipment

			(2,817
			)

			(1,732
			)

			Net cash used in investing activities

			(2,817
			)

			(1,732
			)

			Cash flows from financing activities:

			Proceeds from advances on revolving line of credit

			9,000

			7,000

			Payments on revolving line of credit

			(12,500
			)

			(3,000
			)

			Principal payments of long-term debt

			(3,125
			)

			(2,000
			)

			Payment of contingent consideration

			(250
			)

			-

			Principal payments on finance lease obligations

			(16
			)

			(20
			)

			Proceeds from the exercise of stock options

			107

			54

			Payment of statutory withholdings for restricted stock units vested

			(3,914
			)

			(4,751