INDV: the cash flow

MyFinsight

For the year ending 2025-12-31, INDV had -$124M decrease in cash & cash equivalents over the period. -$93M in free cash flow.

Cash Flow	2025-12-31	2024-12-31
Net income (loss)	210	2
Depreciation and amortization	10	29
Amortization of right-of-use assets	10	-
Stock-based compensation expense	26	24
Impairment of tangible and intangible assets	19	8
Unrealized loss on equity investments	0	-9
Deferred income taxes	-46	6
Acquired in-process research and development	0	1
Impact from foreign exchange movements	-1	2
Other adjustments, net	-	0
Accounts receivable	-3	1
Current inventories	-18	45
Other current and noncurrent assets	-49	-378
Accounts payable	-	0
Accrued legal and settlement expenses	-368	-387
Other current and noncurrent liabilities	41	14
Net cash (used in) provided by operating activities	-27	36
Purchases of property and equipment	66	29
Purchases of in-process research and development and intangible assets	1	2
Acquisitions, net of cash acquired	0	0
Purchases of investments in debt securities	20	17
Sales of equity securities	1	-
Sales and maturities of debt securities	19	117
Other proceeds from investing activities	0	0
Net cash (used in) provided by investing activities	-66	69
Proceeds from the issuance of common stock	2	3
Cash paid for repurchases of common stock	11	173
Proceeds from debt, net	0	332
Repayments of debt	17	240
Other	-	-2
Transaction costs related to debt refinancing	0	-
Settlement of tax on equity awards	5	22
Net cash used in financing activities	-30	-102
Net (decrease) increase in cash and cash equivalents	-124	3
Exchange differences	-1	-
Cash and cash equivalents at beginning of period	319	316
Cash and cash equivalents at end of period	195	319

Unit: Million (M) dollars (except for numbers of shares and EPS).