# IDEXX LABORATORIES INC /DE (IDXX) FY2024 Annual Statement of Cash Flows

- Company: IDEXX LABORATORIES INC /DE (IDXX)
- Period: 2024-01-01 to 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-21, accession number 0000874716-25-000037
- Page: https://plicit.ai/financials/idxx/fy2024-annual-cash-flow
- Chart image: https://plicit.ai/charts/idxx-fy2024-annual-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 31, 2023**: 453,932,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 929,001,000 US dollars. Net cash provided.
- **Net income**: 887,867,000 US dollars
- **Other assets and liabilities**: negative 80,665,000 US dollars
- **Provision for uncollectible accounts**: 6,867,000 US dollars
- **Accounts receivable**: negative 28,280,000 US dollars
- **Share-based compensation expense**: 60,295,000 US dollars
- **Accounts payable**: 8,086,000 US dollars
- **Inventories**: negative 28,001,000 US dollars
- **Depreciation and amortization**: 129,936,000 US dollars
- **Impairment charges**: 250,000 US dollars
- **Deferred revenue**: negative 4,378,000 US dollars
- **Other**: 1,218,000 US dollars
- **Deferred income taxes**: negative 24,194,000 US dollars
- **Investing activities**: negative 207,062,000 US dollars. Net cash used.
- **Purchases of property and equipment**: negative 120,922,000 US dollars
- **Acquisitions of intangible assets**: negative 10,000,000 US dollars
- **Acquisitions of businesses, net of cash acquired**: negative 76,694,000 US dollars
- **Equity investments**: negative 1,004,000 US dollars
- **Proceeds from net investment hedges**: 1,558,000 US dollars
- **Financing activities**: negative 878,073,000 US dollars. Net cash used.
- **Payments of acquisition-related contingent consideration and holdbacks**: 0 US dollars
- **Shares withheld for statutory tax withholding payments on restricted stock**: negative 10,531,000 US dollars
- **Proceeds from exercises of stock options and employee stock purchase plans**: 44,492,000 US dollars
- **Payments of senior notes**: negative 75,000,000 US dollars
- **(Payments) borrowings on credit facility, net**: 0 US dollars
- **Repurchases of common stock**: negative 837,034,000 US dollars
- **Debt issuance costs**: 0 US dollars
- **Operating adjustment reconciliation**: 206,652,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 922,565,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 208,620,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: negative 9,532,000 US dollars
- **Ending cash on Dec 31, 2024**: 288,266,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 1,382,933,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: negative 165,666,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 1.05×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- **Operating cash flow**: 929,001,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 120,922,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 808,079,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $41.13M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 929,001,000 US dollars minus 120,922,000 US dollars equals 808,079,000 US dollars.