Claritev Corp
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
CTEV$28.67+19.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Years Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net loss | $(1,645,831) | $(91,697) |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Depreciation | 88,190 | 77,323 |
| Amortization of intangible assets | 343,883 | 342,694 |
| Amortization of the right-of-use asset | 4,364 | 5,769 |
| Loss on impairment of goodwill and intangible assets | 1,488,863 | — |
| Stock-based compensation | 26,645 | 18,018 |
| Deferred income taxes | (198,008) | (114,060) |
| Amortization of debt issuance costs and discounts | 10,974 | 10,663 |
| Gain on extinguishment of debt | (5,913) | (53,968) |
| Loss on disposal of property and equipment | 8,595 | 851 |
| Change in fair value of Private Placement Warrants and Unvested Founder Shares | (477) | (1,965) |
| Changes in assets and liabilities, net of assets acquired and liabilities assumed from acquisitions: | ||
| Accounts receivable, net | (13,200) | 4,402 |
| Prepaid expenses and other assets | (31,761) | (6,615) |
| Prepaid taxes | (5,383) | (13) |
| Operating lease obligation | (5,541) | (6,601) |
| Accounts payable and accrued expenses and other | 42,216 | (13,081) |
| Net cash provided by operating activities | 107,616 | 171,720 |
| Investing activities: | ||
| Purchases of property and equipment | (118,123) | (108,852) |
| BST Acquisition, net of cash acquired | — | (140,940) |
| Net cash used in investing activities | (118,123) | (249,792) |
| Financing activities: | ||
| Repayments of Term Loan B | (13,250) | (13,250) |
| Repurchase of 5.750% Notes | — | (134,975) |
| Repurchase of Senior Convertible PIK Notes | (14,886) | (17,563) |
| Taxes paid on settlement of vested share awards | (3,356) | (465) |
Consolidated Statements of Cash Flows Continued
(in thousands)
| Years Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Purchase of treasury stock | (10,370) | (15,218) |
| Payment of debt issuance costs | (615) | — |
| Borrowings on finance leases, net | 67 | (30) |
| Proceeds from issuance of common stock under Employee Stock Purchase Plan | 1,095 | 508 |
| Net cash used in financing activities | (41,315) | (180,993) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (51,822) | (259,065) |
| Cash, cash equivalents and restricted cash at beginning of period | 81,494 | 340,559 |
| Cash, cash equivalents and restricted cash at end of period | $29,672 | $81,494 |
| Cash and cash equivalents | $16,848 | $71,547 |
| Restricted cash | 12,824 | 9,947 |
| Cash, cash equivalents and restricted cash at end of period | $29,672 | $81,494 |
| Noncash investing and financing activities: | ||
| Purchases of property and equipment not yet paid | $12,530 | $8,649 |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $5,015 | $1,304 |
| Debt issuance costs not yet paid | $4,267 | $— |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | $(315,245) | $(323,396) |
| Income taxes, net of refunds | $(80,089) | $(100,083) |
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