Personalis Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
PSNL$15.88-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net loss | $(108,296) | $(113,315) | $(65,226) |
| Adjustments to reconcile net loss to net cash used in operating activities | |||
| Stock-based compensation expense | 14,051 | 19,433 | 14,378 |
| Depreciation and amortization | 11,296 | 8,432 | 6,014 |
| Noncash operating lease cost | 1,859 | 4,446 | 2,950 |
| Noncash charges related to liability classified Tempus Warrants | 4,027 | — | — |
| Amortization of premium (discount) on short-term investments | (2,000) | 57 | 2,031 |
| Noncash restructuring and other charges | 3,605 | — | — |
| Noncash lease impairment expense | 5,565 | — | — |
| Other | 153 | 103 | 169 |
| Changes in operating assets and liabilities | |||
| Accounts receivable | (1,088) | 1,825 | (12,118) |
| Inventory and other deferred costs | (1,934) | (2,982) | 29 |
| Prepaid expenses and other assets | 3,748 | 484 | (2,658) |
| Accounts payable | 5,178 | 3,089 | (1,457) |
| Accrued and other current liabilities | 742 | (1,479) | 3,365 |
| Contract liabilities | 5,952 | (2,718) | (17,052) |
| Operating lease liabilities | 894 | 12,811 | (962) |
| Other long-term liabilities | (10) | (419) | (291) |
| Net cash used in operating activities | (56,258) | (70,233) | (70,828) |
| Cash flows from investing activities: | |||
| Purchases of available-for-sale debt securities | (103,945) | (121,490) | (267,128) |
| Proceeds from maturities of available-for-sale debt securities | 127,955 | 223,923 | 213,083 |
| Proceeds from sales of available-for-sale debt securities | — | — | 5,059 |
| Purchases of property and equipment | (10,911) | (49,896) | (11,083) |
| Net cash provided by (used in) investing activities | 13,099 | 52,537 | (60,069) |
| Cash flows from financing activities: | |||
| Proceeds from public offerings, net of underwriting discounts and commissions | — | — | 162,258 |
| Payments of costs related to public offerings | — | — | (342) |
| Proceeds from sales of common stock under ATM facility, net of commissions | 3,513 | — | — |
| Proceeds from issuance of Tempus Warrants | 6,000 | — | — |
| Proceeds from loans | 3,438 | 1,194 | 5,167 |
| Repayments of loans | (3,264) | (2,293) | (1,857) |
| Proceeds from exercise of equity awards | 1,344 | 2,465 | 4,474 |
| Net cash provided by financing activities | 11,031 | 1,366 | 169,700 |
| Effect of exchange rates on cash, cash equivalents and restricted cash | (16) | (127) | 47 |
| Net change in cash, cash equivalents and restricted cash | (32,144) | (16,457) | 38,850 |
| Cash, cash equivalents and restricted cash, beginning of period | 90,918 | 107,375 | 68,525 |
| Cash, cash equivalents and restricted cash, end of period | $58,774 | $90,918 | $107,375 |
| Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets: | |||
| Cash and cash equivalents | $56,984 | $89,128 | $105,585 |
| Restricted cash, included in other long-term assets | 1,790 | 1,790 | 1,790 |
| Total cash, cash equivalents and restricted cash | $58,774 | $90,918 | $107,375 |
| Supplemental cash flow information: | |||
| Cash paid for interest | $— | $— | $— |
| Cash paid for income taxes, net of refunds | 64 | 47 | 39 |
| Acquisition of property and equipment included in accounts payable and accrued liabilities | 104 | 3,917 | 3,006 |
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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