TransMedics Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	91.77	35.46	-25.03	-36.23	-44.22	-28.75
Depreciation & Amortization	24.6	19.76	8.18	3.48	1.82	1.58
Loss (Gain) From Sale of Assets	0.08	0.02	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	27.21	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	0.49	1.36	0.63
Stock-Based Compensation	38.23	33.22	19.79	10.32	6.88	2.41
Other Operating Activities	4.63	5.34	1.17	2.89	2.3	-0.55
Change in Accounts Receivable	9.69	-34.31	-33.82	-21.68	0.84	-0.22
Change in Inventory	2.95	-8.35	-28.09	-8.02	-4.89	-1.74
Change in Accounts Payable	-1.09	-1.4	6.96	-3.27	5.09	-5.8
Change in Unearned Revenue	1.11	-0.2	0.08	-	0.01	0.06
Change in Other Net Operating Assets	5.22	-0.74	10.52	6.21	1.96	2.11
Operating Cash Flow	177.99	48.8	-13.03	-45.82	-28.86	-30.27
Capital Expenditures	-57.34	-129.74	-151.85	-11.91	-3.52	-0.46
Cash Acquisitions	-	0.44	-14.89	-	-	-
Sale (Purchase) of Intangibles	-	-	-27.21	-	-	-
Investment in Securities	-	-	-	66.42	32.79	-41.14
Investing Cash Flow	-57.34	-129.3	-193.95	54.51	29.27	-41.6
Short-Term Debt Issued	-	-	-	-	-	2.25
Long-Term Debt Issued	-	-	460	58.51	-	-
Total Debt Issued	-	-	460	58.51	-	2.25
Short-Term Debt Repaid	-	-	-	-	-	-2.25
Long-Term Debt Repaid	-	-	-52.07	-36.05	-	-
Total Debt Repaid	-	-	-52.07	-36.05	-	-2.25
Net Debt Issued (Repaid)	-	-	407.93	22.46	-	-
Issuance of Common Stock	15.08	22.87	7.11	145.47	1.39	75.55
Other Financing Activities	-	-	-14.62	-	-	-
Financing Cash Flow	14.94	22.87	400.42	167.93	1.39	75.55
Foreign Exchange Rate Adjustments	0.49	-0.54	0.19	-1.02	-0.8	0.8
Net Cash Flow	136.08	-58.16	193.63	175.6	1	4.49
Free Cash Flow	120.65	-80.94	-164.88	-57.72	-32.38	-30.72
Free Cash Flow Margin	21.30%	-18.33%	-68.24%	-61.76%	-107.01%	-119.82%
Free Cash Flow Per Share	3.08	-2.30	-5.07	-1.95	-1.17	-1.24
Cash Interest Paid	11.3	11.3	8.09	3.26	3.33	3.48
Levered Free Cash Flow	87.05	-102.77	-191.58	-45.96	-15.66	-21.49
Unlevered Free Cash Flow	95.8	-93.76	-184.84	-43.64	-13.24	-19
Change in Working Capital	17.88	-45	-44.35	-26.76	3	-5.59

Source: S&P Global Market Intelligence. Standard template. Financial Sources.