Vericel Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $16.5M | $10.4M | $-3.2M | $-16.7M | $-7.5M | $2.9M | $-9.7M | $-8.1M |
| Depreciation & Amortization | $11.5M | $5.5M | $4.6M | $4.0M | $3.0M | $2.4M | $1.7M | $1.4M |
| Depreciation | $10.9M | $4.9M | $4.0M | $4.0M | $3.0M | $2.4M | $1.7M | $1.4M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $38.8M | $36.5M | $32.3M | $37.2M | $34.3M | $13.8M | $13.2M | $7.2M |
| Net Cash from Operating Activities | $51.9M | $58.2M | $35.3M | $17.7M | $29.0M | $17.6M | $-7.2M | $-412.0K |
| Investing Activities | ||||||||
| Capital Expenditures | $27.2M | $64.0M | $20.0M | $7.6M | $7.9M | $2.6M | $2.6M | $2.7M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-43.9M | $-79.0M | $-3.1M | $-36.2M | $-3.5M | $-17.2M | $10.6M | $-67.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $7.1M | $19.1M | $3.6M | $1.0M | $9.2M | $6.4M | $5.3M | $58.9M |
| Net Change in Cash | $15.0M | $-1.8M | $35.8M | $-17.5M | $34.7M | $6.9M | $8.7M | $-8.6M |
| Free Cash Flow | $24.7M | $-5.8M | $15.3M | $10.1M | $21.1M | $14.9M | $-9.8M | $-3.1M |