PROKIDNEY CORP
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
PROK$1.11-3.5%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
Condensed Consolidated Statements of Cash Flows – Unaudited
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss before noncontrolling interest | $(114,852) | $(113,723) |
| Adjustments to reconcile net loss before noncontrolling interest to net cash flows used in operating activities: | ||
| Depreciation and amortization | 3,858 | 2,707 |
| Equity-based compensation | 22,424 | 37,216 |
| Gain on marketable securities, net | (5,521) | (3,675) |
| Impairment charges | 5,324 | – |
| Loss on disposal of equipment | 186 | 21 |
| Changes in operating assets and liabilities | ||
| Interest receivable | (3,728) | (714) |
| Prepaid and other assets | (8,489) | 5,094 |
| Accounts payable and accrued expenses | (114) | 7,774 |
| Income taxes payable | (1,268) | 615 |
| Net cash flows used in operating activities | (102,180) | (64,685) |
| Cash flows from investing activities | ||
| Purchases of marketable securities | (277,291) | (301,701) |
| Sales and maturities of marketable securities | 286,625 | 100,187 |
| Purchase of equipment and facility expansion | (4,000) | (32,625) |
| Net cash flows provided by (used in) investing activities | 5,334 | (234,139) |
| Cash flows from financing activities | ||
| Proceeds from sales of Class A ordinary shares, net of offering costs | 144,325 | – |
| Payments on finance leases | (40) | (39) |
| Net cash flows provided by (used in) financing activities | 144,285 | (39) |
| Net change in cash and cash equivalents | 47,439 | (298,863) |
| Cash, beginning of period | 60,649 | 490,252 |
| Cash, end of period | $108,088 | $191,389 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Right of use assets obtained in exchange for lease obligations | $2,621 | $714 |
| Exchange of Class B ordinary shares | $15,357 | $64 |
| Impact of equity transactions and compensation on redeemable noncontrolling interest | $18,748 | $3,207 |
| Change in redemption value of noncontrolling interest | $– | $79 |
| Equipment and facility expansion included in accounts payable and accrued expenses | $910 | $1,386 |
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