Adaptive Biotechnologies Corp
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
ADPT$29.36-3.0%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 Statements of Cash Flows
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities | |||
| Net loss | $(159,595) | $(225,304) | $(200,368) |
| Adjustments to reconcile net loss to net cash used in operating activities | |||
| Depreciation expense | 17,553 | 20,532 | 19,221 |
| Noncash lease expense | 5,277 | 6,920 | 7,227 |
| Share-based compensation expense | 53,610 | 62,908 | 55,477 |
| Intangible assets amortization | 1,703 | 1,699 | 1,699 |
| Investment amortization | (8,208) | (9,184) | 741 |
| Impairment of long-lived assets | 7,205 | 25,429 | — |
| Inventory reserve | 1,938 | 1,387 | 2,638 |
| Noncash interest expense | 2,618 | 5,300 | 985 |
| Other | 141 | 172 | (19) |
| Changes in operating assets and liabilities | |||
| Accounts receivable, net | (3,744) | 2,032 | (22,648) |
| Inventory | 5,372 | (2,838) | 817 |
| Prepaid expenses and other current assets | 83 | (1,930) | 3,551 |
| Accounts payable and accrued liabilities | 671 | (5,407) | 7,111 |
| Operating lease right-of-use assets and liabilities | (9,385) | (8,676) | (4,050) |
| Deferred revenue | (10,478) | (29,291) | (56,496) |
| Other | 27 | (73) | 169 |
| Net cash used in operating activities | (95,212) | (156,324) | (183,945) |
| Investing activities | |||
| Purchases of property and equipment | (3,664) | (10,697) | (16,349) |
| Purchases of marketable securities | (244,257) | (429,558) | (278,778) |
| Proceeds from maturities of marketable securities | 325,713 | 569,902 | 298,032 |
| Net cash provided by investing activities | 77,792 | 129,647 | 2,905 |
| Financing activities | |||
| Proceeds from exercise of stock options | 241 | 2,245 | 7,890 |
| Proceeds from revenue interest purchase agreement, net of issuance costs | — | — | 124,375 |
| Net cash provided by financing activities | 241 | 2,245 | 132,265 |
| Net decrease in cash, cash equivalents and restricted cash | (17,179) | (24,432) | (48,775) |
| Cash, cash equivalents and restricted cash at beginning of year | 67,996 | 92,428 | 141,203 |
| Cash, cash equivalents and restricted cash at end of year | $50,817 | $67,996 | $92,428 |
| Noncash investing activities | |||
| Purchases of equipment included in accounts payable and accrued liabilities | $1,275 | $687 | $1,719 |
| Supplemental disclosure of cash flow information | |||
| Cash paid for interest | $8,864 | $8,985 | $494 |
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