Virgin Galactic Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 6, 2024
SPCE$2.79-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(Unaudited; in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(270,327) | $(398,353) |
| Stock-based compensation | 24,040 | 35,598 |
| Depreciation and amortization | 11,296 | 9,723 |
| Amortization of debt issuance costs | 1,669 | 1,618 |
| Other non-cash items | (13,332) | (6,500) |
| Change in operating assets and liabilities: | ||
| Other current and non-current assets | 13,624 | 14,293 |
| Accounts payable | (25,364) | 9,019 |
| Customer deposits | (11,701) | (4,724) |
| Other current and non-current liabilities | (1,573) | (13,558) |
| Net cash used in operating activities | (271,668) | (352,884) |
| Cash flows from investing activities: | ||
| Capital expenditures | (86,146) | (25,941) |
| Purchases of marketable securities | (527,361) | (872,950) |
| Proceeds from maturities and calls of marketable securities | 729,353 | 702,346 |
| Other investing activities | 598 | — |
| Net cash provided by (used in) investing activities | 116,444 | (196,545) |
| Cash flows from financing activities: | ||
| Payments of finance lease obligations | (149) | (175) |
| Proceeds from issuance of common stock | 108,698 | 484,145 |
| Withholding taxes paid on behalf of employees on net settled stock-based awards | (1,153) | (3,001) |
| Transaction costs related to issuance of common stock | (1,046) | (5,106) |
| Other financing activities | (2) | — |
| Net cash provided by financing activities | 106,348 | 475,863 |
| Net decrease in cash, cash equivalents and restricted cash | (48,876) | (73,566) |
| Cash, cash equivalents and restricted cash at beginning of period | 253,592 | 342,627 |
| Cash, cash equivalents and restricted cash at end of period | $204,716 | $269,061 |
| Cash and cash equivalents | $172,359 | $231,030 |
| Restricted cash | 32,357 | 38,031 |
| Cash, cash equivalents and restricted cash | $204,716 | $269,061 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.