Lyell Immunopharma Inc
For the period ended Mar 31, 2024. Filed May 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.
Mar 31, 2024 · Filed May 6, 2024
LYEL$16.75+8.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(60,667) | $(66,959) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Impairment of other investments | 13,001 | 10,000 |
| Stock-based compensation expense | 9,155 | 13,882 |
| Depreciation and amortization expense | 5,024 | 5,027 |
| Net amortization and accretion on marketable securities | (4,367) | (1,850) |
| Gain on marketable equity securities | (1,535) | — |
| Change in fair value of success payment liabilities | 968 | (1,708) |
| Non-cash lease income | (373) | (293) |
| Loss on property and equipment disposals, net | 15 | — |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses, other current assets and other assets | 595 | (408) |
| Accounts payable | (113) | 2,069 |
| Accrued liabilities and other current liabilities | (3,606) | (5,860) |
| Other non-current liabilities | (113) | (112) |
| Net cash used in operating activities | (42,016) | (46,212) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchases of property and equipment | (30) | (1,533) |
| Purchases of marketable securities | (108,011) | (108,560) |
| Maturities of marketable securities | 130,035 | 142,247 |
| Net cash provided by investing activities | 21,994 | 32,154 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from exercise of stock options | 103 | — |
| Taxes paid related to net share settlement of equity awards | (76) | (69) |
| Net cash provided by (used in) financing activities | 27 | (69) |
| Net decrease in cash, cash equivalents and restricted cash | (19,995) | (14,127) |
| Cash, cash equivalents and restricted cash at beginning of period | 145,931 | 123,834 |
| Cash, cash equivalents and restricted cash at end of period | $125,936 | $109,707 |
| Represented by: | ||
| Cash and cash equivalents | $125,650 | $109,426 |
| Restricted cash | 286 | 281 |
| Total | $125,936 | $109,707 |
| SUPPLEMENTAL CASH FLOW INFORMATION | ||
| Cash paid for amounts included in the measurement of lease liabilities | $2,659 | $2,406 |
| Non-cash investing and financing activities: | ||
| Purchases of property and equipment included in accounts payable and accrued liabilities | $220 | $395 |
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