Arcus Biosciences Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
RCUS$18.67-1.5%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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flow from operating activities | |||
| Net loss | $(283) | $(307) | $(267) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Stock-based compensation expense | 76 | 73 | 65 |
| Depreciation and amortization | 10 | 8 | 6 |
| Noncash lease expense | 7 | 8 | 8 |
| Impairment on right-of use assets | 20 | — | — |
| Amortization of discounts on marketable securities | (25) | (19) | — |
| Other items, net | 3 | 2 | 3 |
| Changes in operating assets and liabilities: | |||
| Receivable from collaboration partners ($14, $19 and $704 from a related party) | 28 | 15 | 704 |
| Other assets ($6, ($4) and ($2) from a related party) | 22 | (14) | 2 |
| Accounts payable | 3 | (1) | 8 |
| Deferred revenue (($56), ($77) and ($107) to a related party) | (56) | (68) | (112) |
| Other liabilities | 25 | (3) | 21 |
| Net cash provided by (used in) operating activities | (170) | (306) | 438 |
| Cash flow from investing activities | |||
| Purchases of marketable securities | (1,043) | (788) | (1,241) |
| Proceeds from maturities of marketable securities | 929 | 982 | 694 |
| Proceeds from sales of marketable securities | 36 | 24 | 143 |
| Purchases of property and equipment | (6) | (24) | (6) |
| Other items, net | — | — | (3) |
| Net cash provided by (used in) investing activities | (84) | 194 | (413) |
| Cash flow from financing activities | |||
| Proceeds from issuance of common stock ($228, $20 and $— from a related party), net | 228 | 25 | — |
| Proceeds from debt issuances, net | 47 | — | — |
| Proceeds from issuance of common stock pursuant to equity award plans | 9 | 8 | 23 |
| Payments of employee taxes related to net settlement of equity awards | (7) | — | — |
| Proceeds from sale of future royalties | — | — | 10 |
| Net cash provided by financing activities | 277 | 33 | 33 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 23 | (79) | 58 |
| Cash, cash equivalents and restricted cash at beginning of period | 130 | 209 | 151 |
| Cash, cash equivalents and restricted cash at end of period | $153 | $130 | $209 |
| Supplemental disclosure of cash flow information | |||
| Income taxes paid | $— | $5 | $3 |
| Interest paid | $1 | $— | $— |
| Non-cash investing and financing activities: | |||
| Unpaid portion of property and equipment purchases included in Accounts payable and Other current liabilities | $— | $2 | $3 |
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