Evolus Inc
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
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FY2023 · Filed Mar 7, 2024
EOLS$6.81-2.4%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
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities | ||
| Net loss | $(61,685) | $(74,412) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 5,133 | 3,722 |
| Stock-based compensation | 16,458 | 10,833 |
| Provision for bad debts | 1,440 | 1,598 |
| Amortization of operating lease right-of-use assets | 734 | 775 |
| Amortization of debt discount and issuance costs | 1,116 | 1,086 |
| Deferred income taxes | 5 | (18) |
| Revaluation of contingent royalty obligation to Evolus Founders | 4,257 | 5,755 |
| Non-cash in-process research and development expense | 4,429 | — |
| Changes in assets and liabilities: | ||
| Inventories | 4,193 | (10,688) |
| Accounts receivable | (9,521) | (9,389) |
| Prepaid expenses | (1,798) | 1,180 |
| Other assets | (864) | 4,854 |
| Accounts payable | (1,017) | 968 |
| Accrued expenses | 9,019 | (5,199) |
| Accrued litigation settlement | (5,000) | (15,000) |
| Operating lease liabilities | (907) | (977) |
| Net cash used in operating activities | (34,008) | (84,912) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (473) | (1,618) |
| Additions to capitalized software | (1,154) | (1,321) |
| Net cash used in investing activities | (1,627) | (2,939) |
| Cash flows from financing activities | ||
| Payment of contingent royalty obligation to Evolus Founders | (5,537) | (4,185) |
| Proceeds from issuance of long-term debt, net of discounts | 50,000 | — |
| Payments for debt issuance costs | (46) | (500) |
| Issuance of common stock in connection with incentive equity plan | 224 | 539 |
| Net cash provided by (used in) financing activities | 44,641 | (4,146) |
| Effect of exchange rates on cash | (90) | (337) |
| Change in cash and cash equivalents | 8,916 | (92,334) |
| Cash and cash equivalents, beginning of period | 53,922 | 146,256 |
| Cash and cash equivalents, end of period | $62,838 | $53,922 |
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $12,708 | $7,999 |
| Cash paid for income taxes | 117 | 76 |
| Non-cash investing and financing information | ||
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | 4,550 | — |
| Issuance of common stock in connection with Symatese Europe Agreement | 1,476 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.