AGIOS PHARMACEUTICALS INC
For the period ended Dec 31, 2024. Filed Feb 13, 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 Feb 13, 2025
AGIO$31.76+1.2%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 Statements of Cash Flows
| (In thousands) Years Ended December 31: | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating activities | |||
| Net income (loss) | $673,725 | $(352,088) | $(231,801) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||
| Depreciation and amortization | 5,653 | 6,623 | 8,564 |
| Stock-based compensation expense | 42,847 | 44,766 | 49,296 |
| Net accretion of discount on marketable securities | (14,486) | (5,051) | (1,198) |
| Gain on sale of contingent payments | (889,136) | — | (127,853) |
| Loss (gain) on disposal of property and equipment | (39) | 553 | (48) |
| Non-cash operating lease expense | 11,530 | 10,720 | 9,995 |
| Expense associated with license agreement | — | 17,500 | — |
| Realized gain on investments | (167) | (28) | — |
| Milestone payment from gain on sale of oncology business | (200,000) | — | — |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (1,299) | (604) | (2,206) |
| Inventory | (8,540) | (10,584) | (8,492) |
| Other receivables | — | — | 447 |
| Prepaid expenses and other current and non-current assets | (5,811) | 3,833 | (176) |
| Accounts payable | 6,601 | (8,733) | 3,436 |
| Accrued expenses | 3,694 | 12,817 | (1,617) |
| Income taxes payable | 871 | — | — |
| Operating lease liabilities | (15,008) | (13,663) | (10,828) |
| Other liabilities | (276) | (2,123) | 3,003 |
| Net cash used in operating activities | (389,841) | (296,062) | (309,478) |
| Investing activities | |||
| Purchases of marketable securities | (1,542,433) | (417,930) | (1,030,781) |
| Proceeds from maturities and sales of marketable securities | 818,383 | 674,679 | 1,146,175 |
| Proceeds from sale of contingent payments | 889,136 | — | 131,784 |
| Proceeds from milestone payment from gain on sale of oncology business | 200,000 | — | — |
| Payments associated with license agreement | — | (17,500) | — |
| Purchases of property and equipment | (1,685) | (999) | (4,881) |
| Proceeds from sale of equipment | 40 | 1,325 | 964 |
| Net cash provided by investing activities | 363,441 | 239,575 | 243,261 |
| Financing activities | |||
| Payments on financing lease obligations | — | — | (331) |
| Net proceeds from stock option exercises and employee stock purchase plan | 14,442 | 5,433 | 2,681 |
| Net cash provided by financing activities | 14,442 | 5,433 | 2,350 |
| Net change in cash and cash equivalents | (11,958) | (51,054) | (63,867) |
| Cash and cash equivalents at beginning of the period | 88,205 | 139,259 | 203,126 |
| Cash and cash equivalents at end of the period | $76,247 | $88,205 | $139,259 |
| Supplemental disclosure of non-cash investing and financing transactions: | |||
| Additions to property and equipment in accounts payable and accrued expenses | $317 | $55 | $158 |
| Net cash taxes paid | $43,150 | $1,569 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.