LEXICON PHARMACEUTICALS INC
For the period ended Dec 31, 2023. Filed Mar 25, 2024.
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FY2023 · Filed Mar 25, 2024
LXRX$1.86+2.2%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, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net loss | $(177,119) | $(101,944) | $(87,758) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 554 | 427 | 292 |
| Stock-based compensation | 14,340 | 11,520 | 10,577 |
| Amortization of debt-related costs | 1,774 | 741 | 54 |
| Loss on disposal of property and equipment | — | 3 | 49 |
| Other non-cash adjustments | (4,105) | — | — |
| Changes in operating assets and liabilities: | |||
| (Increase) decrease in accounts receivable | (982) | (14) | 381 |
| Increase in inventories | (381) | — | — |
| (Increase) decrease in prepaid expenses and other current assets | (2,899) | (316) | 2,885 |
| Decrease in other long-term assets | 467 | 656 | 661 |
| Increase (decrease) in accounts payable and other liabilities | 6,454 | 76 | (14,158) |
| Net cash used in operating activities | (161,897) | (88,851) | (87,017) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (470) | (1,326) | (1,221) |
| Purchases of investments | (223,343) | (133,949) | (34,261) |
| Maturities of investments | 173,870 | 64,197 | 37,592 |
| Net cash (used in) provided by investing activities | (49,943) | (71,078) | 2,110 |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock, net of fees | 138,823 | 94,205 | 37,084 |
| Repurchase of common stock | (824) | (864) | (2,675) |
| Proceeds (repayment) of debt borrowings, net of fees | 49,961 | 48,868 | (11,700) |
| Net cash provided by financing activities | 187,960 | 142,209 | 22,709 |
| Net decrease in cash and cash equivalents | (23,880) | (17,720) | (62,198) |
| Cash and cash equivalents at beginning of year | 46,345 | 64,065 | 126,263 |
| Cash and cash equivalents at end of year | $22,465 | $46,345 | $64,065 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $10,057 | $2,289 | $799 |
| Supplemental disclosure of noncash investing and financing activities: | |||
| Right-of-use assets obtained in exchange for operating lease liability | $— | $5,206 | $1,704 |
| Issuance of equity-classified warrants | $307 | $1,030 | $— |
| Issuance of treasury stock | $— | $6,321 | $— |
| Accrual of deferred financing costs | $250 | $— | $— |
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