Annexon Inc
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
ANNX$4.21-0.5%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Year EndedDecember 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net loss | $(138,200) | $(134,237) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 2,150 | 2,148 |
| Accretion of discount on available-for-sale securities | (9,054) | (2,550) |
| Stock-based compensation | 19,433 | 18,183 |
| Reduction in the carrying amount of right-of-use assets | 1,304 | 1,119 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (300) | 1,352 |
| Other non-current assets | (3,184) | — |
| Accounts payable | 4,936 | (2,077) |
| Accrued and other current liabilities | 7,292 | (3,577) |
| Operating lease liabilities | (2,383) | (1,503) |
| Net cash used in operating activities | (118,006) | (121,142) |
| Investing activities: | ||
| Purchases of property and equipment | (15) | (193) |
| Purchases of available-for-sale securities | (583,932) | (108,088) |
| Proceeds from maturities of available-for-sale securities | 365,150 | 178,984 |
| Net cash (used in) provided by investing activities | (218,797) | 70,703 |
| Financing activities: | ||
| Proceeds from the exercise of common stock options | 1,232 | 90 |
| Proceeds from Employee Stock Purchase Plan purchases | 362 | 479 |
| Proceeds from the issuance of common stock, including to related parties, of zero and $17,995 for the years ended December 31, 2024 and 2023, respectively | 44,371 | 17,995 |
| Proceeds from the issuance of common stock and pre-funded warrants, net of commissions | 117,500 | 117,515 |
| Payment of financing costs | (2,259) | (555) |
| Net cash provided by financing activities | 161,206 | 135,524 |
| (Decrease) increase in cash, cash equivalents and restricted cash | (175,597) | 85,085 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (15) | 5 |
| Cash, cash equivalents and restricted cash | ||
| Beginning of period | 226,142 | 141,052 |
| End of period | $50,530 | $226,142 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for amounts included in the measurement of lease liability | $4,893 | $4,728 |
| Non-cash investing and financing activities: | ||
| Deferred offering costs included in accounts payable and accrued liabilities | $3 | $483 |
| Deferred offering costs included in other non-current assets | $51 | $— |
| Purchases of property and equipment included in accounts payable and accrued liabilities | $— | $— |
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