NovoCure Ltd
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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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.
FY2024 · Filed Feb 27, 2025
NVCR$11.81-5.7%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 for the years ended
| Year ended December 31, | |||
|---|---|---|---|
| U.S. dollars in thousands | 2024 | 2023 | 2022 |
| Cash flows from operating activities: | |||
| Net income (loss) | $(168,627) | $(207,043) | $(92,534) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 11,235 | 10,969 | 10,624 |
| Accrued interest | (651) | (95) | (2,216) |
| Asset write-downs and impairment of field equipment | 1,159 | 493 | 955 |
| Share-based compensation | 160,035 | 115,608 | 106,955 |
| Foreign currency remeasurement loss (gain) | (227) | 161 | (3,256) |
| Decrease (increase) in accounts receivables and prepaid expenses | (26,358) | 29,414 | 2,547 |
| Amortization of discount (premium) | (25,644) | (23,084) | (1,536) |
| Decrease (increase) in inventories | 2,568 | (8,919) | (4,342) |
| Decrease (increase) in other long-term assets | 7,395 | 4,072 | 7,107 |
| Increase (decrease) in accounts payables and accrued expenses | 19,106 | 14,869 | 14,257 |
| Increase (decrease) in other long-term liabilities | (6,360) | (9,781) | (7,773) |
| Net cash provided by (used in) operating activities | $(26,369) | $(73,336) | $30,788 |
| Cash flows from investing activities: | |||
| Purchase of property, equipment and field equipment | (42,855) | (27,093) | (21,358) |
| Proceeds from maturity of short-term investments | 778,000 | 1,214,982 | 1,179,289 |
| Purchase of short-term investments | (875,387) | (1,003,741) | (1,297,888) |
| Net cash provided by (used in) investing activities | $(140,242) | $184,148 | $(139,957) |
| Year ended December 31, | |||
|---|---|---|---|
| U.S. dollars in thousands | 2024 | 2023 | 2022 |
| Cash flows from financing activities: | |||
| Proceeds from issuance of shares, net | $4,150 | $4,416 | $5,224 |
| Proceeds from senior secured credit facility, net | 96,922 | — | — |
| Repayment and redemption of long-term debt | (12,913) | (10) | (28) |
| Exercise of options | 2,156 | 11,381 | 10,295 |
| Net cash provided by (used in) financing activities | $90,315 | $15,787 | $15,491 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $(174) | $131 | $(97) |
| Increase (decrease) in cash, cash equivalents and restricted cash | (76,470) | 126,730 | (93,775) |
| Cash, cash equivalents and restricted cash at the beginning of the year | 242,564 | 115,834 | 209,609 |
| Cash, cash equivalents and restricted cash at the end of the year | $166,094 | $242,564 | $115,834 |
| Supplemental cash flow activities: | |||
| Cash paid during the year for: | |||
| Income taxes paid (refunded), net | $23,463 | $13,665 | $5,480 |
| Interest paid | $7,714 | $6 | $41 |
| Reconciliation of cash, cash equivalents and restricted cash: | |||
| Cash and cash equivalents | $163,767 | $240,821 | $115,326 |
| Restricted cash | $2,327 | $1,743 | $508 |
| Total cash, cash equivalents and restricted cash | $166,094 | $242,564 | $115,834 |
| Non-cash activities: | |||
| Right-of-use assets obtained in exchange for lease liabilities | $494 | $18,063 | $12,117 |
| Purchase of property incurred but unpaid at period end | $1,619 | $1,714 | $— |
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