Amylyx Pharmaceuticals Inc
For the period ended Dec 31, 2024. Filed Mar 4, 2025.
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FY2024 · Filed Mar 4, 2025
AMLX$30.91+2.3%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 Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows (used in) provided by operating activities: | ||
| Net (loss) income | $(301,743) | $49,271 |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||
| Stock-based compensation expense | 33,038 | 37,161 |
| Depreciation expense | 904 | 1,088 |
| Accretion of investment discounts, net | (9,856) | (9,940) |
| Inventory impairment and loss on firm purchase commitments | 118,680 | — |
| Property and equipment impairment | 958 | — |
| Charge for purchase of IPR&D assets | 36,203 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 39,602 | (24,744) |
| Inventories | (9,253) | (73,129) |
| Prepaid expenses and other assets | 4,988 | (3,226) |
| Accounts payable | (19,102) | 15,882 |
| Accrued expenses | (59,810) | 21,597 |
| Operating lease liabilities | (2,256) | (2,041) |
| Net cash (used in) provided by operating activities | (167,647) | 11,919 |
| Cash flows provided by investing activities: | ||
| Purchases of property and equipment | (157) | (1,241) |
| Purchases of IPR&D assets, including transaction costs | (36,203) | — |
| Purchases of investments | (231,986) | (300,826) |
| Proceeds from maturities of marketable securities | 344,000 | 394,120 |
| Net cash provided by investing activities | 75,654 | 92,053 |
| Cash flows provided by financing activities: | ||
| Follow-on offering costs paid | — | (136) |
| Proceeds from exercise of stock options and RSUs vesting | 2,132 | 6,994 |
| Withholding taxes paid on stock-based awards | (1,784) | (3,315) |
| Net cash provided by financing activities | 348 | 3,543 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash equivalents | (438) | 160 |
| Net (decrease) increase in cash, cash equivalents and restricted cash equivalents | (92,083) | 107,675 |
| Cash, cash equivalents and restricted cash equivalents, beginning of year | 170,920 | 63,245 |
| Cash, cash equivalents and restricted cash equivalents, end of year | $78,837 | $170,920 |
| Reconciliation of cash, cash equivalents and restricted cash equivalents: | ||
| Cash and cash equivalents | $77,391 | $170,201 |
| Restricted cash equivalents | 1,446 | 719 |
| Total cash, cash equivalents and restricted cash equivalents: | $78,837 | $170,920 |
| Supplemental disclosure of cash flow information: | ||
| Taxes withheld on stock-based awards included in accrued expenses | $2 | $23 |
| Purchases of property and equipment included in accounts payable | $— | $20 |
| Income taxes paid | $708 | $6,389 |
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