Certara Inc
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
CERT$12.13-0.8%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
| YEAR ENDED DECEMBER 31, | |||
|---|---|---|---|
| (IN THOUSANDS) | 2024 | 2023 | 2022 |
| Cash flows from operating activities: | |||
| Net income (loss) | $(12,051) | $(55,357) | $14,731 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization of property and equipment | 1,994 | 1,552 | 1,731 |
| Amortization of intangible assets | 66,039 | 54,519 | 50,739 |
| Amortization of debt issuance costs | 1,035 | 1,527 | 1,540 |
| Provision for credit losses | 1,464 | 684 | 1,072 |
| Equity-based compensation expense | 34,774 | 28,300 | 30,345 |
| Change in fair value of contingent considerations | 8,089 | 24,118 | — |
| Goodwill impairment | — | 46,984 | — |
| Deferred income taxes | (12,695) | (16,523) | (11,511) |
| Changes in assets and liabilities | |||
| Accounts receivable | (16,225) | 152 | (15,009) |
| Prepaid and other assets | (2,873) | 711 | 126 |
| Accounts payable and accrued expenses, and other liabilities | (4,765) | (5,607) | 9,080 |
| Deferred revenue | 13,834 | 28 | 9,530 |
| Other operating activities, net | 1,846 | 1,667 | 169 |
| Net cash provided by operating activities | 80,466 | 82,755 | 92,543 |
| Cash flows from investing activities: | |||
| Capital expenditures | (1,625) | (1,777) | (1,430) |
| Capitalized software development costs | (19,416) | (13,491) | (11,099) |
| Investment in intangible assets | — | (54) | — |
| Business acquisitions, net of cash acquired | (91,327) | (64,228) | (15,308) |
| Net cash used in investing activities | (112,368) | (79,550) | (27,837) |
| Cash flows from financing activities: | |||
| Proceeds from borrowings on term loan debt | 6,305 | — | — |
| Payment of debt issuance costs | (1,216) | — | — |
| Payments on long-term debt and finance lease obligations | (2,255) | (3,045) | (3,313) |
| Payments for business acquisition related contingent consideration | (15,156) | — | — |
| Payments on financing component of interest rate swap | — | — | (1,088) |
| Payment of taxes on shares and units withheld for employee taxes | (8,688) | (6,402) | (2,962) |
| Net cash used in financing activities | (21,010) | (9,447) | (7,363) |
| Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | (2,856) | 1,505 | (4,279) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (55,768) | (4,737) | 53,064 |
| Cash, cash equivalents, and restricted cash, at beginning of year | 234,951 | 239,688 | 186,624 |
| Cash, cash equivalents, and restricted cash, at end of year | $179,183 | $234,951 | $239,688 |
| Supplemental disclosures of cash flow information | |||
| Cash paid for interest | $22,737 | $19,089 | $17,268 |
| Cash paid for taxes | $14,658 | $19,320 | $10,141 |
| Supplemental schedule of noncash investing and financing activities | |||
| Contingent liabilities established in connection with business acquisition | $— | $11,308 | $19,813 |
| Stock issuance related to business acquisition contingent consideration | $3,707 | $— | $— |
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