AGENUS INC
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 17, 2025
AGEN$7.02-1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
(Amounts in thousands, except per share amounts)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net loss | $(232,271) | $(257,437) | $(230,656) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 13,343 | 13,588 | 6,946 |
| Share-based compensation | 17,390 | 22,869 | 18,337 |
| Non-cash royalty revenue | (100,978) | (114,572) | (45,285) |
| Non-cash interest expense | 118,095 | 100,551 | 62,955 |
| Loss (gain) on sale or disposal of assets, net | 1,153 | (1,408) | (16,196) |
| Loss on impairment of assets | 1,973 | — | 6,111 |
| Gain on forgiveness of liability | (1,788) | — | (2,791) |
| Loss on modification of debt | — | — | 1,937 |
| Gain on lease terminations | (5,334) | — | — |
| Fair value adjustments | (3,954) | (556) | (815) |
| Other, net | 1,452 | 2,007 | — |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 25,344 | (23,461) | 122 |
| Prepaid expenses | 5,782 | 6,032 | 11,865 |
| Accounts payable | 2,013 | 21,366 | 6,494 |
| Deferred revenue | 20 | (12,249) | (10,368) |
| Accrued liabilities and other current liabilities | 136 | 20,613 | 2,034 |
| Other operating assets and liabilities | (691) | (1,545) | 13,937 |
| Net cash used in operating activities | (158,315) | (224,202) | (175,373) |
| Cash flows from investing activities: | |||
| Proceeds from sale of property, plant and equipment | 24 | 3,363 | 21,998 |
| Purchases of property, plant and equipment | (576) | (9,954) | (53,062) |
| Purchases of available-for-sale securities | — | (14,647) | (24,629) |
| Proceeds from sale of available-for-sale securities | — | 30,000 | 25,000 |
| Purchase of long-term investment | — | (5,396) | — |
| Proceeds from sale of long-term investment | 579 | 34 | — |
| Cash paid for business acquisition, net | — | — | (2,917) |
| Net cash provided by (used in) investing activities | 27 | 3,400 | (33,610) |
| Cash flows from financing activities: | |||
| Net proceeds from sale of equity | 33,023 | 133,157 | 99,211 |
| Net proceeds from sale of subsidiary shares in private placement | 5,800 | — | — |
| Proceeds from employee stock purchases and option exercises | 647 | 807 | 898 |
| Purchase of treasury shares to satisfy tax withholdings | — | (4,566) | (3,789) |
| Purchase of subsidiary shares | — | (606) | — |
| Proceeds from Ligand Purchase Agreement, net of expenses | 73,851 | — | — |
| Proceeds from the issuance of long-term debt, net | 20,000 | — | — |
| Payment of finance lease obligations | (10,481) | (8,926) | (490) |
| Net cash provided by financing activities | 122,840 | 119,866 | 95,830 |
| Effect of exchange rate changes on cash | (260) | (628) | (104) |
| Net decrease in cash, cash equivalents and restricted cash | (35,708) | (101,564) | (113,257) |
| Cash, cash equivalents and restricted cash, beginning of period | 79,779 | 181,343 | 294,600 |
| Cash, cash equivalents and restricted cash, end of period | $44,071 | $79,779 | $181,343 |
| Supplemental cash flow information: | |||
| Cash paid for interest | $2,278 | $3,168 | $1,143 |
| Supplemental disclosures - non-cash activities: | |||
| Purchases of plant and equipment in accounts payable and accrued liabilities | $— | $— | $4,580 |
| Issuance of stock options for payment of certain employee bonuses | 9,321 | — | — |
| Issuance of common stock, $0.01 par value, in connection with the issuance of long-term debt | 220 | — | — |
| Issuance of common stock, $0.01 par value, for payment of certain employee bonuses | — | 7,288 | 6,635 |
| Issuance of common stock, $0.01 par value, in connection with payment for services | — | 690 | 138 |
| Issuance of common stock, $0.01 par value, for milestone achievement | — | — | 500 |
| Issuance of subsidiary stock options for payment of certain employee bonuses | 1,032 | — | — |
| Issuance of subsidiary shares for employee bonus | — | 1,011 | 294 |
| Insurance financing agreements | 771 | 707 | 1,377 |
|---|---|---|---|
| Lease right-of-use assets obtained in exchange for new operating lease liabilities | 105 | 318 | 9,206 |
| Lease right-of-use assets obtained in exchange for new finance lease liabilities | 122 | 4,812 | 25,027 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.