CHEMED CORP
For the period ended Mar 31, 2024. Filed Apr 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 29, 2024
CHE$544.49+1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Statements of Cash Flows -
| CHEMED CORPORATION AND SUBSIDIARY COMPANIES | ||
|---|---|---|
| UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| (in thousands) | ||
| Three Months Ended March 31, | ||
| 2024 | 2023 | |
| Cash Flows from Operating Activities | ||
| Net income | $65,017 | $54,121 |
| Adjustments to reconcile net income to net cash provided | ||
| by operating activities: | ||
| Depreciation and amortization | 15,808 | 14,799 |
| Noncash long-term incentive compensation | 9,106 | 2,024 |
| Stock option expense | 9,025 | 8,482 |
| Benefit for deferred income taxes | (5,422) | (3,195) |
| Amortization of debt issuance costs | 80 | 95 |
| Changes in operating assets and liabilities: | ||
| Decrease/(increase) in accounts receivable | 5,345 | (14,318) |
| Decrease/(increase) in inventories | 1,302 | (391) |
| Decrease in prepaid expenses | 1,909 | 1,236 |
| Decrease in accounts payable and other current liabilities | (43,012) | (24,109) |
| Change in current income taxes | 23,871 | 19,118 |
| Net change in lease assets and liabilities | 25 | (632) |
| Increase in other assets | (12,243) | (2,173) |
| Increase in other liabilities | 13,332 | 5,313 |
| Other sources | 406 | 122 |
| Net cash provided by operating activities | 84,549 | 60,492 |
| Cash Flows from Investing Activities | ||
| Capital expenditures | (12,163) | (17,020) |
| Business combinations, net of cash acquired | (7,300) | - |
| Proceeds from sale of fixed assets | 86 | 146 |
| Other uses | (8) | (139) |
| Net cash used by investing activities | (19,385) | (17,013) |
| Cash Flows from Financing Activities | ||
| Purchases of treasury stock | (38,460) | - |
| Proceeds from exercise of stock options | 37,242 | 25,680 |
| Dividends paid | (6,050) | (5,685) |
| Capital stock surrendered to pay taxes on stock-based compensation | (5,725) | (3,166) |
| Change in cash overdrafts payable | (2,115) | - |
| Payments on other long-term debt | - | (76,250) |
| Other uses | (664) | (130) |
| Net cash used by financing activities | (15,772) | (59,551) |
| Increase/(Decrease) in Cash and Cash Equivalents | 49,392 | (16,072) |
| Cash and cash equivalents at beginning of period | 263,958 | 74,126 |
| Cash and cash equivalents at end of period | $313,350 | $58,054 |
| See Accompanying Notes to Unaudited Consolidated Financial Statements. | ||
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