ARROWHEAD PHARMACEUTICALS INC
For the period ended Dec 31, 2023. Filed Feb 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 6, 2024
ARWR$49.00-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(135,376) | $(41,811) |
| Adjustments to reconcile net loss to net cash flow from operating activities | ||
| Stock-based compensation | 19,694 | 19,390 |
| Depreciation and amortization | 4,263 | 2,689 |
| (Accretion) amortization of note premiums/discounts | (835) | 690 |
| Realized gain on investments | (80) | — |
| Non-cash interest expense on liability related to the sale of future royalties | 5,367 | 2,849 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | — | (38,157) |
| Prepaid expenses and other current assets | (1,748) | 10,529 |
| Accounts payable | (12,463) | (2,072) |
| Accrued expenses | 408 | (7,203) |
| Deferred revenue | (866) | (22,979) |
| Operating lease, net | 3,796 | 559 |
| Net cash used in operating activities | (117,840) | (75,516) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property and equipment | (68,656) | (38,911) |
| Purchases of investments | — | (111,199) |
| Proceeds from sales and maturities of investments | 133,495 | 69,416 |
| Net cash provided by (used in) investing activities | 64,839 | (80,694) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from the exercises of stock options | 267 | 576 |
| Proceeds from the sale of future royalties | — | 250,000 |
| Net cash provided by financing activities | 267 | 250,576 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (52,734) | 94,366 |
| Effect of exchange rate on cash, cash equivalents and restricted cash | 58 | (122) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH: | ||
| BEGINNING OF PERIOD | 110,891 | 108,005 |
| END OF PERIOD | $58,215 | $202,249 |
| Supplementary disclosure of cash flows: | ||
| Interest paid | $— | $— |
| Income taxes (paid) refunded | $(999) | $— |
| Supplemental disclosure of noncash investing activities: | ||
| Capital expenditures included in accrued expenses | $11,290 | $14,044 |
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