BridgeBio Pharma Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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 12, 2024
BBIO$78.67+0.9%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 | |
| Operating activities: | ||
| Net loss | $(275,958) | $(482,923) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 65,673 | 71,685 |
| Loss on extinguishment of debt | 26,590 | — |
| Accretion of debt | 5,399 | 6,724 |
| Depreciation and amortization | 4,708 | 4,909 |
| Noncash lease expense | 3,119 | 3,024 |
| Accrual of payment-in-kind interest on term loan | — | 6,742 |
| Net loss from equity method investments | 14,488 | — |
| Loss (gain) on deconsolidation of subsidiaries | (178,321) | 1,241 |
| Loss (gain) from investment in equity securities, net | (8,136) | 2,951 |
| Other noncash adjustments, net | (2,059) | (332) |
| Changes in operating assets and liabilities: | ||
| Receivables from licensing and collaboration agreements | 1,273 | 11,909 |
| Prepaid expenses and other current assets | (17,543) | (980) |
| Other assets | (428) | 1,443 |
| Accounts payable | 5,257 | (3,404) |
| Accrued compensation and benefits | 5,580 | (4,156) |
| Accrued research and development liabilities | 15,454 | (10,544) |
| Operating lease liabilities | (4,459) | (3,671) |
| Deferred revenue | 20,575 | (4,464) |
| Accrued professional and other liabilities | (6,612) | (3,055) |
| Net cash used in operating activities | (325,400) | (402,901) |
| Investing activities: | ||
| Purchases of marketable securities | (93,811) | (29,726) |
| Maturities of marketable securities | 95,000 | 82,550 |
| Purchases of investments in equity securities | (20,271) | (78,314) |
| Proceeds from sales of investments in equity securities | 63,229 | 80,963 |
| Proceeds from special cash dividends received from investments in equity securities | 25,682 | — |
| Payment for an intangible asset | (4,785) | — |
| Purchases of property and equipment | (886) | (871) |
| Decrease in cash and cash equivalents resulting from deconsolidation of subsidiaries | (140) | (503) |
| Net cash provided by investing activities | 64,018 | 54,099 |
| Financing activities: | ||
| Proceeds from term loan under Financing Agreement | 450,000 | — |
| Issuance costs and discounts associated with term loan under Financing Agreement | (15,986) | — |
| Repayment of term loan under Loan and Security Agreement | (473,417) | — |
| Proceeds from issuance of common stock through public offerings, net | 314,741 | 450,264 |
| Proceeds from BridgeBio common stock issuances under ESPP | 4,502 | 3,397 |
| Proceeds from stock option exercises, net of repurchases | 808 | 5,222 |
| Transactions with noncontrolling interests | — | 1,500 |
| Repurchase of RSU shares to satisfy tax withholding | (6,122) | (4,325) |
| Net cash provided by financing activities | 274,526 | 456,058 |
| Net increase in cash, cash equivalents and restricted cash | 13,144 | 107,256 |
| Cash, cash equivalents and restricted cash at beginning of period | 394,732 | 416,884 |
| Cash, cash equivalents and restricted cash at end of period | $407,876 | $524,140 |
Condensed Consolidated Statements of Cash Flows
(Continued)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Supplemental Disclosure of Cash Flow Information: | ||
| Cash paid for interest | $78,236 | $50,826 |
| Supplemental Disclosures of Noncash Investing and Financing Information: | ||
| Unpaid public offering issuance costs | $— | $455 |
| Unpaid property and equipment | $274 | $192 |
| Transfers to noncontrolling interests | $(4,719) | $(8,313) |
| Reconciliation of Cash, Cash Equivalents and Restricted Cash: | ||
| Cash and cash equivalents | $266,324 | $505,213 |
| Restricted cash | 139,409 | 16,652 |
| Restricted cash — Included in “Other assets” | 2,143 | 2,275 |
| Total cash, cash equivalents and restricted cash at end of periods shown in the condensed consolidated statements of cash flows | $407,876 | $524,140 |
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