Alector Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
ALEC$2.53+2.8%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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net loss | $(119,049) | $(130,391) | $(133,310) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 5,407 | 5,725 | 5,714 |
| Stock-based compensation | 39,463 | 42,798 | 46,146 |
| Amortization of premiums and accretion of discounts on marketable securities | (14,379) | (15,318) | (1,163) |
| Amortization of right-of-use assets | 3,434 | 3,123 | 2,758 |
| Impairment loss of right-of-use assets and leasehold improvements | 2,205 | — | — |
| Loss from disposal of fixed assets | — | 48 | — |
| Changes in operating assets and liabilities: | |||
| Receivable from collaboration partner | — | 2,587 | 4,804 |
| Prepaid expenses and other current assets | 5,526 | (5,949) | (3,926) |
| Other assets | 2,874 | (1,009) | (835) |
| Accounts payable | (1,441) | (377) | (572) |
| Accrued liabilities and accrued clinical supply costs | 340 | 2,546 | (2,655) |
| Payable to collaboration partner | (1,789) | 7,703 | — |
| Deferred revenue | (100,558) | (66,782) | 66,383 |
| Refund liability to collaboration partner | (46,007) | (24,512) | — |
| Lease liabilities | (5,792) | (4,968) | (4,274) |
| Other long-term liabilities | (139) | 614 | 601 |
| Net cash used in operating activities | (229,905) | (184,162) | (20,329) |
| Cash flows from investing activities: | |||
| Purchase of property and equipment | (1,255) | (2,381) | (4,117) |
| Purchase of marketable securities | (467,741) | (551,729) | (556,898) |
| Maturities of marketable securities | 573,559 | 652,523 | 402,001 |
| Sale of marketable securities | 2,568 | 3,505 | — |
| Net cash provided by (used in) investing activities | 107,131 | 101,918 | (159,014) |
| Cash flows from financing activities: | |||
| Proceeds from the exercise of options to purchase common stock | — | 1,079 | 3,059 |
| Proceeds from issuance of stock from employee stock purchase plan | 1,043 | 1,471 | 1,455 |
| Proceeds from issuance of common stock upon public offering, net of issuance costs | 71,108 | — | — |
| Proceeds from debt financing, net of discount and issuance costs | 9,389 | — | — |
| Net cash provided by financing activities | 81,540 | 2,550 | 4,514 |
| Net decrease in cash, cash equivalents, and restricted cash | (41,234) | (79,694) | (174,829) |
| Cash, cash equivalents, and restricted cash at beginning of period | 76,101 | 155,795 | 330,624 |
| Cash, cash equivalents, and restricted cash at end of period | 34,867 | $76,101 | $155,795 |
| Non-cash investing and financing activities: | |||
| Property and equipment purchases included in accounts payable and accrued liabilities | $— | $172 | $493 |
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