Ginkgo Bioworks Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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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.
FY2023 · Filed Feb 29, 2024
DNA$12.01-2.9%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net loss | $(892,869) | $(2,106,372) | $(1,836,642) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 70,507 | 42,552 | 29,076 |
| Stock-based compensation | 229,884 | 1,930,641 | 1,606,020 |
| Non-cash customer consideration | (1,373) | (34,263) | (24,185) |
| Loss on equity method investments | 2,635 | 43,761 | 77,284 |
| Loss on investments | 54,827 | 53,335 | 11,543 |
| Change in fair value of notes receivable | 2,416 | (3,757) | 3,508 |
| Change in fair value of warrant liabilities | (5,168) | (124,970) | (58,615) |
| Change in fair value of contingent consideration liability | 9,168 | (1,262) | (293) |
| Loss (gain) on deconsolidation of subsidiaries | 42,502 | (31,889) | — |
| Impairment of long-lived assets | 121,404 | — | — |
| Deferred income tax benefit | (801) | (14,609) | — |
| Loss on disposal of equipment | 842 | 3,091 | — |
| Non-cash lease expense | 28,313 | 19,082 | — |
| Non-cash in-process research and development | 9,182 | 1,162 | — |
| Amortization of finance lease right-of-use assets | 1,047 | 1,871 | — |
| Non-cash severance and retention bonus expense associated with an acquisition | — | 6,152 | — |
| Other non-cash activity | 2,147 | 283 | 23 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable ($(644), $3,040 and $614 from related parties) | 50,068 | 55,024 | (114,094) |
| Prepaid expenses and other current assets | 10,473 | (8,523) | (3,607) |
| Operating lease right-of-use assets | 9,275 | 13,233 | — |
| Other non-current assets | 2,570 | 921 | (539) |
| Accounts payable | (1,183) | (10,844) | (2,247) |
| Accrued expenses and other current liabilities | 16,899 | (39,639) | 44,796 |
| Deferred revenue, current and non-current ($(17,018), $(19,324) and $40,743 from related parties) | (35,917) | (36,417) | (10,498) |
| Operating lease liabilities, current and non-current | (22,800) | (10,792) | — |
| Deferred rent, non-current | — | — | 6,032 |
| Other non-current liabilities | 452 | 31 | 18,620 |
| Net cash used in operating activities | (295,500) | (252,198) | (253,818) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (40,801) | (52,271) | (56,521) |
| Deconsolidation of subsidiaries - cash | (42,980) | (55,721) | — |
| Business acquisitions, net of cash acquired | — | 82,367 | (12,040) |
| Asset acquisitions, net of cash acquired | — | (7,639) | — |
| Purchases of notes receivable (2022: $10,000 from related party) | (350) | (40,000) | — |
| Proceeds from notes receivable | — | 10,000 | 304 |
| Purchase of investment in equity securities | — | (3,691) | (5,000) |
| Proceeds from sale of equipment | 4,428 | — | — |
| Other | (990) | (439) | — |
| Net cash used in investing activities | (80,693) | (67,394) | (73,257) |
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from financing activities: | |||
| Proceeds from reverse recapitalization, net of redemptions of $867,253 and offering costs of $108,118 (Note 3) | — | — | 1,509,629 |
| Proceeds from exercise of stock options | 93 | 240 | 167 |
| Repurchases of common stock | — | — | (24,998) |
| Taxes paid related to net share settlement of equity awards | (23) | (981) | (9,463) |
| Principal payments on finance/capital leases and lease financing obligation | (1,295) | (1,237) | (1,123) |
| Contributions from non-controlling interests | — | — | 59,933 |
| Proceeds from public offering, net of issuance costs | — | 99,303 | — |
| Contingent consideration payment | (1,411) | (521) | — |
| Payment of equity issuance costs | (580) | (1,467) | — |
| Net cash (used in) provided by financing activities | (3,216) | 95,337 | 1,534,145 |
| Effect of foreign exchange rates on cash and cash equivalents | (588) | 908 | (19) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (379,997) | (223,347) | 1,207,051 |
| Cash and cash equivalents, beginning of period | 1,315,792 | 1,550,004 | 380,801 |
| Restricted cash, beginning of period | 53,789 | 42,924 | 5,076 |
| Cash, cash equivalents and restricted cash, beginning of period | 1,369,581 | 1,592,928 | 385,877 |
| Cash and cash equivalents, end of period | 944,073 | 1,315,792 | 1,550,004 |
| Restricted cash, end of period | 45,511 | 53,789 | 42,924 |
| Cash, cash equivalents and restricted cash, end of period | $989,584 | $1,369,581 | $1,592,928 |
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