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Mirum Pharmaceuticals Inc

For the period ended Dec 31, 2023. Filed Mar 15, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 15, 2024

MIRM$94.42+1.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows

(In thousands)

Year Ended December 31,
202320222021
Operating activities
Net loss$(163,415)$(135,665)$(83,988)
Reconciliation of net loss to net cash used in operating activities:
Stock-based compensation35,02327,00723,087
Depreciation and amortization10,8293,238595
Non-cash lease expense620443380
Net accretion of discounts on investments(1,725)(1,703)(137)
Non-cash interest expense related to the revenue interest liability5,06015,97917,590
Amortization of debt discount and offering costs1,117——
Change in fair value of derivative liability—(906)732
Change in fair value of contingent liabilities associated with acquisition671(899)—
Inventory reserves and firm purchase commitment losses9,257——
Loss from termination of revenue interest purchase agreement49,076——
Costs recognized on sale of acquired inventory3,419——
Unrealized foreign exchange loss1,764——
Deferred income taxes associated with an acquisition—(6,580)—
Gain on sale of priority review voucher, net——(108,000)
Change in operating assets and liabilities:
Accounts receivable(43,974)(20,727)—
Prepaid and other current assets(3,600)(3,676)(4,009)
Inventory(4,393)(3,448)(495)
Other assets(511)(127)(519)
Accounts payable, accrued expenses and other liabilities30,7787,63922,655
Operating lease liabilities(940)(711)(649)
Net cash used in operating activities(70,944)(120,136)(132,758)
Investing activities
Purchase of investments(27,329)(132,322)(198,029)
Proceeds from maturities of investments153,000140,300155,600
Proceeds from paydown of investments——2,000
Purchase of property and equipment(109)(278)(24)
Cash paid for acquisition(212,762)——
Payments made for additions to intangible assets(20,000)—(19,000)
Proceeds from sale of priority review voucher, net——108,000
Net cash (used in) provided by investing activities(107,200)7,70048,547
Financing activities
Proceeds from issuance of common stock in private placement, net of issuance costs202,204——
Proceeds from issuance of common stock in at-the-market offerings, net of issuance costs14,48021,289—
Proceeds from issuance of common stock in public offerings, net of issuance costs—86,0786,914
Proceeds from the issuance of convertible notes, net305,304——
Proceeds from issuance of common stock pursuant to equity plans10,4707,2722,098
Payments of deferred offering costs(281)——
Payments on revenue interest liability(195,577)(5,552)(121)
Proceeds from revenue interest liability, net of issuance costs——64,575
Net cash provided by financing activities336,600109,08773,466
Effect of exchange rate on cash, cash equivalents and restricted cash equivalents(133)12(1)
Net increase (decrease) in cash, cash equivalents and restricted cash equivalents158,323(3,337)(10,746)
Cash, cash equivalents and restricted cash equivalents at beginning of period128,003131,340142,086
Cash, cash equivalents and restricted cash equivalents at end of period$286,326$128,003$131,340
Supplemental disclosure of cash flow information:
Operating cash flows paid for operating lease$1,079$911$864
Cash paid for income taxes$125$—$—
Cash paid for interest$6,817$—$—
Non-cash operating, investing and financing activities:
Inventory purchases included in accrued liabilities$6,076$163$1,018
Right-of-use assets obtained in exchange for lease liability$473$285$—
Stock-based compensation capitalized into inventory$822$441$71
Issuance of common stock in connection with settlement of Contingent Milestone and Indemnification Holdback liabilities$5,188$—$—
Issuance of common stock in exchange for acquired intangible assets$—$15,585$—
Accrued milestone payments classified as intangible assets, net$—$15,000$—
Deferred tax liability incurred from acquired intangible$—$6,580$—
Contingent milestone liability for common stock issuance for acquired intangible assets$—$4,600$—
Indemnification Holdback liability for common stock issuance in exchange for acquired intangible assets$—$831$—
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