C4 Therapeutics Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
CCCC$3.00-4.8%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)
| Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows used in operating activities: | ||
| Net loss | $(132,493) | $(128,175) |
| Adjustments to reconcile net loss to cash used in operating activities: | ||
| Stock-based compensation expense | 27,235 | 30,016 |
| Depreciation and amortization | 1,880 | 1,676 |
| Reduction in carrying amount of right-of-use asset | 6,159 | 5,896 |
| Accretion of (premium) discount on marketable securities | (3,784) | 714 |
| Amortization of debt discount—related party | 405 | 713 |
| Loss on early extinguishment of debt | 621 | — |
| Other | 77 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (10,327) | 4,244 |
| Prepaid expenses and other current and long-term assets | 2,723 | 388 |
| Accounts payable | 273 | (3,333) |
| Accrued expenses and other current liabilities | 1,316 | 5,083 |
| Operating lease liability | (4,695) | (507) |
| Deferred revenue | 3,772 | (22,654) |
| Net cash used in operating activities | (106,838) | (105,939) |
| Cash flows provided by investing activities: | ||
| Proceeds from maturities of marketable securities | 289,955 | 283,445 |
| Purchase of marketable securities | (129,898) | (219,527) |
| Purchases of property and equipment | (1,708) | (5,496) |
| Net cash provided by investing activities | 158,349 | 58,422 |
| Cash flows provided by financing activities: | ||
| Proceeds from issuance of common stock pursuant to the at-the-market equity program, net | 57,673 | — |
| Payment of long-term debt − related party | (12,500) | — |
| Proceeds from exercises of stock options | 58 | 777 |
| Payments for repurchase of common stock for tax withholding | (110) | — |
| Other | 368 | 370 |
| Net cash provided by financing activities | 45,489 | 1,147 |
| Net change in cash, cash equivalents and restricted cash | 97,000 | (46,370) |
| Cash, cash equivalents and restricted cash at beginning of period | 33,033 | 79,403 |
| Cash, cash equivalents and restricted cash at end of period | $130,033 | $33,033 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash, cash equivalents and restricted cash at end of year | $130,033 | $33,033 |
| Less: restricted cash | (3,443) | (3,279) |
| Cash and cash equivalents at end of the year | $126,590 | $29,754 |
(in thousands)
| Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Supplemental disclosure of cash flow information: | ||
| Deferred revenue in accounts receivable | $10,000 | $— |
| Cash paid for interest - related party | $990 | $1,624 |
| Cash paid for income taxes | $1,003 | $— |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Capital expenditures in accounts payable and accrued expenses | $18 | $473 |
| Operating lease liabilities arising from obtaining right-of-use assets | $— | $44,067 |
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