Gossamer Bio Inc
For the period ended Dec 31, 2023. Filed Mar 5, 2024.
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FY2023 · Filed Mar 5, 2024
GOSS$11.28+6.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities | |||
| Net loss | $(179,817) | $(229,378) | $(234,004) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 1,607 | 1,832 | 1,740 |
| Stock-based compensation expense | 28,518 | 42,553 | 32,008 |
| In process research and development expenses | 10,000 | 65 | 75 |
| Amortization of operating lease right-of-use assets | 2,778 | 2,597 | 3,427 |
| Amortization of long-term debt discount and issuance costs | 1,321 | 1,163 | 6,731 |
| Amortization of discount (premium) on investments, net of accretion of discounts | (9,450) | (1,405) | 339 |
| Loss on disposal of property and equipment | 726 | — | 20 |
| Changes in operating assets and liabilities: | |||
| Prepaid expenses and other current assets | (3,892) | 296 | 2,631 |
| Other assets | 62 | 400 | (53) |
| Operating lease liabilities | (2,982) | (2,721) | (3,580) |
| Accounts payable | 3,990 | (1,813) | (4,428) |
| Accrued expenses | (835) | (1,659) | 736 |
| Accrued research and development expenses | (7,847) | (579) | 5,774 |
| Accrued compensation and benefits | (3,240) | 1,618 | (278) |
| Accrued interest expense | (97) | (1) | (28) |
| Net cash used in operating activities | (159,158) | (187,032) | (188,890) |
| Cash flows from investing activities | |||
| Research and development asset acquisitions, net of cash acquired | — | (65) | (75) |
| Purchase of marketable securities | (441,670) | (238,060) | (152,031) |
| Maturities of marketable securities | 330,700 | 237,500 | 36,225 |
| Purchase of property and equipment | — | (410) | (1,546) |
| Net cash used in investing activities | (110,970) | (1,035) | (117,427) |
| Cash flows from financing activities | |||
| Proceeds from issuance of common stock and warrants in a private offering, net of offering costs | 201,323 | 119,946 | — |
| Proceeds from issuance of common stock under Employee Stock Purchase Plan | 444 | 1,214 | 1,315 |
| Proceeds from the exercise of stock options | — | 1,736 | 2,014 |
| Principal repayments of long-term debt | (11,613) | (5,806) | — |
| Net cash provided by financing activities | 190,154 | 117,090 | 3,329 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 110 | (517) | (165) |
| Net decrease in cash, cash equivalents and restricted cash | (79,864) | (71,494) | (303,153) |
| Cash, cash equivalents and restricted cash, at the beginning of the period | 111,973 | 183,467 | 486,620 |
| Cash, cash equivalents and restricted cash, at the end of the period | $32,109 | $111,973 | $183,467 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $12,288 | $12,712 | $12,738 |
| Supplemental disclosure of noncash investing and financing activities: | |||
| Right-of-use assets obtained in exchange for lease liabilities | $— | $3,029 | $— |
| Derecognition ROU lease assets obtained in exchange for operating lease liabilities | — | $— | $1,650 |
| Change in unrealized loss on marketable securities, net | $191 | $(75) | $(225) |
| Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities | $— | $83 | $— |
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