Virgin Galactic Holdings Inc
For the period ended Mar 31, 2024. Filed May 7, 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 7, 2024
SPCE$2.79-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(Unaudited; in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(102,012) | $(159,385) |
| Stock-based compensation | 8,244 | 12,976 |
| Depreciation and amortization | 3,699 | 3,245 |
| Amortization of debt issuance costs | 552 | 535 |
| Other non-cash items | (5,328) | (236) |
| Change in operating assets and liabilities: | ||
| Other current and non-current assets | 3,835 | 7,594 |
| Accounts payable | (7,480) | 2,146 |
| Customer deposits | (5,507) | (569) |
| Other current and non-current liabilities | (9,232) | (2,375) |
| Net cash used in operating activities | (113,229) | (136,069) |
| Cash flows from investing activities: | ||
| Capital expenditures | (13,072) | (2,767) |
| Purchases of marketable securities | (161,843) | (83,287) |
| Proceeds from maturities and calls of marketable securities | 257,414 | 305,791 |
| Other investing activities | 598 | — |
| Net cash provided by investing activities | 83,097 | 219,737 |
| Cash flows from financing activities: | ||
| Payments of finance lease obligations | (60) | (59) |
| Proceeds from issuance of common stock | 7,272 | 32,044 |
| Withholding taxes paid on behalf of employees on net settled stock-based awards | (269) | (1,870) |
| Transaction costs related to issuance of common stock | (52) | (320) |
| Net cash provided by financing activities | 6,891 | 29,795 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (23,241) | 113,463 |
| Cash, cash equivalents and restricted cash at beginning of period | 253,592 | 342,627 |
| Cash, cash equivalents and restricted cash at end of period | $230,351 | $456,090 |
| Cash and cash equivalents | $195,433 | $415,682 |
| Restricted cash | 34,918 | 40,408 |
| Cash, cash equivalents and restricted cash | $230,351 | $456,090 |
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