Guardant Health Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
GH$155.35-2.2%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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| OPERATING ACTIVITIES: | |||
| Net loss | $(436,373) | $(479,449) | $(654,588) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 42,387 | 42,881 | 35,962 |
| Operating lease costs | 31,133 | 29,699 | 28,585 |
| Contingent consideration | 1,010 | 110 | 4,305 |
| Stock-based compensation | 140,411 | 90,759 | 94,685 |
| Amortization of debt issuance costs | 2,581 | 2,575 | 2,569 |
| Amortization of (discount) premium on marketable debt securities | (6,774) | (13,552) | 4,595 |
| Unrealized and realized losses (gains) on marketable equity securities | 44,401 | (79,710) | 7,793 |
| Impairment of non-marketable equity securities and other related assets | — | 29,054 | 5,261 |
| Fair value adjustments of noncontrolling interest liability | — | — | 99,785 |
| Other | 2,228 | (1,182) | 21 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (21,389) | 8,378 | 375 |
| Inventory, net | (9,135) | (10,350) | (20,926) |
| Prepaid expenses and other current assets, net | (7,691) | (4,332) | 20,444 |
| Other assets, net | (2,375) | 1,298 | 11,698 |
| Accounts payable and accrued liabilities | (2,820) | 5,191 | 60,328 |
| Other legal liabilities | — | 83,400 | — |
| Operating lease liabilities | (36,115) | (31,478) | (20,228) |
| Deferred revenue | 18,663 | 1,733 | 9,873 |
| Net cash used in operating activities | (239,858) | (324,975) | (309,463) |
| INVESTING ACTIVITIES: | |||
| Purchases of marketable debt securities | (307,323) | (629,902) | (303,757) |
| Maturities of marketable debt securities | 35,000 | 1,494,700 | 555,000 |
| Sales of marketable equity securities and other related assets | 53,600 | 1,531 | — |
| Purchases of non-marketable equity securities and other related assets | (7,500) | (5,593) | (23,966) |
| Purchases of property and equipment | (35,085) | (20,486) | (77,461) |
| Net cash (used in) provided by investing activities | (261,308) | 840,250 | 149,816 |
| FINANCING ACTIVITIES: | |||
| Proceeds from issuance of common stock under employee stock purchase plan | 11,719 | 10,154 | 9,316 |
| Proceeds from issuance of common stock upon exercise of stock options | 3,119 | 405 | 2,625 |
| Employee taxes paid related to settlement of restricted stock units | (15,681) | (11,197) | (7,878) |
| Proceeds from equity offerings | — | 493,116 | — |
| Payment of equity offering costs | — | (21,131) | — |
| Joint Venture Acquisition | — | — | (177,785) |
| Tender offer issued in connection with the Joint Venture Acquisition and acquisition related costs | — | — | (14,235) |
| Other | (153) | 6,028 | (1,136) |
| Net cash (used in) provided by financing activities | (996) | 477,375 | (189,093) |
| Net effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | (1,770) | (911) | (1,600) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (503,932) | 991,739 | (350,340) |
| Cash, cash equivalents and restricted cash – Beginning of period | 1,133,687 | 141,948 | 492,288 |
| Cash, cash equivalents and restricted cash – End of period | $629,755 | $1,133,687 | $141,948 |
| Supplemental Disclosures of Cash Flow Information: | |||
| Cash paid for income taxes | $1,007 | $1,969 | $1,331 |
| Supplemental Disclosures of Noncash Investing and Financing Activities: | |||
| Operating lease liabilities arising from obtaining right-of-use assets | $7,899 | $5,015 | $4,073 |
| Purchases of property and equipment included in accounts payable and accrued liabilities | $3,809 | $5,279 | $8,291 |
| Reconciliation of cash, cash equivalents and restricted cash: | |||
| Cash and cash equivalents | $525,540 | $1,133,537 | $141,647 |
| Restricted cash – included in restricted cash | 104,215 | 150 | — |
| Restricted cash – included in other assets, net | — | — | 301 |
| Total cash, cash equivalents and restricted cash | $629,755 | $1,133,687 | $141,948 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.