EXELIXIS, INC.
For the period ended Oct 2, 2026. Filed Oct 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 2, 2026 · Filed Oct 29, 2026
EXEL$70.58-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Net income | $640,612 | $538,042 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 20,867 | 22,109 |
| Stock-based compensation | 90,331 | 92,886 |
| Non-cash lease expense | 17,808 | 18,210 |
| Acquired in-process research and development technology | 11,600 | 6,999 |
| Other, net | (4,556) | (9,261) |
| Changes in operating assets and liabilities: | ||
| Trade receivables, net | (41,550) | (44,207) |
| Inventory | (3,753) | (1,581) |
| Prepaid expenses and other assets | 94,349 | (36,737) |
| Accrued collaboration liabilities | 844 | 1,544 |
| Accounts payable and other liabilities | 12,990 | (37,252) |
| Net cash provided by operating activities | 839,542 | 550,752 |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | (527,580) | (477,556) |
| Proceeds from maturities and sales of marketable securities | 582,646 | 833,527 |
| Purchases of property, equipment and other, net | (10,814) | (7,272) |
| Acquired in-process research and development technology | (10,600) | (25,499) |
| Net cash provided by investing activities | 33,652 | 323,200 |
| Cash flows from financing activities: | ||
| Payments for repurchases of common stock | (1,003,289) | (689,893) |
| Proceeds from issuance of common stock under the equity incentive plan and stock purchase plan | 26,313 | 41,262 |
| Taxes paid related to net share settlement of equity awards | (73,932) | (66,395) |
| Net cash used in financing activities | (1,050,908) | (715,026) |
| Net increase (decrease) in cash and cash equivalents | (177,714) | 158,926 |
| Cash and cash equivalents at beginning of period | 482,488 | 217,374 |
| Cash and cash equivalents at end of period | $304,774 | $376,300 |
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