ACADIA PHARMACEUTICALS INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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.
Sep 30, 2024 · Filed Nov 7, 2024
ACAD$18.28+10.8%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
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income (loss) | $82,709 | $(107,083) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Stock-based compensation | 56,599 | 48,398 |
| Amortization of premiums and accretion of discounts on investment securities | (6,487) | (5,754) |
| Amortization of intangible assets | 9,975 | 2,728 |
| Gain on strategic investment | — | (5,109) |
| Loss on sale of investment securities | — | 524 |
| Depreciation | 694 | 1,187 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 58 | (30,607) |
| Interest and other receivables | (8,071) | (845) |
| Inventory | (45,126) | (13,741) |
| Prepaid expenses | (12,459) | (16,552) |
| Other assets | 117 | (32) |
| Operating lease right-of-use assets | 5,124 | 5,029 |
| Accounts payable | 1,538 | (436) |
| Accrued liabilities | 40,285 | 55,037 |
| Operating lease liabilities | (7,793) | (5,017) |
| Long-term liabilities | 175 | 3,586 |
| Net cash provided by (used in) operating activities | 117,338 | (68,687) |
| Cash flows from investing activities | ||
| Purchases of investment securities | (369,333) | (265,878) |
| Sale and maturity of investment securities | 216,715 | 326,020 |
| Proceeds from sales of strategic investment | — | 12,253 |
| Purchases of property and equipment | (70) | (50) |
| Intangible assets | — | (40,000) |
| Net cash (used in) provided by investing activities | (152,688) | 32,345 |
| Cash flows from financing activities | ||
| Proceeds from issuance of common stock, net of issuance costs | 4,876 | 19,695 |
| Net cash provided by financing activities | 4,876 | 19,695 |
| Effect of exchange rate changes on cash | (34) | (6) |
| Net decrease in cash, cash equivalents and restricted cash | (30,508) | (16,653) |
| Cash, cash equivalents and restricted cash | ||
| Beginning of period | 194,427 | 120,616 |
| End of period | $163,919 | $103,963 |
| Supplemental disclosure of noncash information: | ||
| Accrued inventory purchases | $760 | $— |
| Accrued milestone and contingent payments in connection with asset acquisition | $50,000 | $29,583 |
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