Allogene Therapeutics Inc
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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FY2023 · Filed Mar 14, 2024
ALLO$0.93-12.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (As Restated) · (As Restated) | |||
| Cash flows from operating activities: | |||
| Net loss | $(327,265) | $(340,414) | $(182,051) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Stock-based compensation | 65,951 | 83,600 | 80,818 |
| Depreciation and amortization | 14,199 | 14,295 | 10,454 |
| Net amortization/accretion on investment securities | (6,809) | 2,891 | 6,955 |
| Impairment of long-lived asset | 13,245 | — | — |
| Impairment of equity investment and equity method investment | 7,000 | — | — |
| Non-cash rent expense | 642 | 2,433 | 2,611 |
| Non-cash collaboration revenue - related party | (63) | (104) | (75,740) |
| Share of loss from equity method investments | 10,672 | 12,883 | 4,090 |
| Changes in operating assets and liabilities: | |||
| Prepaid expenses and other current assets | 1,086 | 2,517 | 3,199 |
| Other long-term assets | (1,455) | (3,334) | (646) |
| Accounts payable | (7,502) | 4,868 | (767) |
| Accrued and other current liabilities | (6,820) | 1,749 | 3,652 |
| Deferred revenue | (3) | (21) | (38,297) |
| Other long-term liabilities | (611) | (1,882) | 910 |
| Net cash used in operating activities | (237,733) | (220,519) | (184,812) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (1,516) | (5,191) | (21,446) |
| Purchase of stock in equity method investment | — | — | (17,710) |
| Proceeds from sales of investments | 5,623 | — | — |
| Proceeds from maturities of investments | 597,811 | 359,459 | 728,394 |
| Purchase of investments | (438,629) | (248,109) | (525,583) |
| Net cash provided by (used in) investing activities | 163,289 | 106,159 | 163,655 |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock from ATM offering, net of commissions and issuance costs | 91,112 | — | — |
| Proceeds from issuance of common stock and upon exercise of stock options | 2,087 | 489 | 8,346 |
| Proceeds from issuance of common stock under the employee stock purchase plan | 2,496 | 2,461 | 3,617 |
| Net cash provided by financing activities | 95,695 | 2,950 | 11,963 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 21,251 | (111,410) | (9,194) |
| Cash, cash equivalents and restricted cash — beginning of period | 72,196 | 183,606 | 192,800 |
| Cash, cash equivalents and restricted cash — end of period | $93,447 | $72,196 | $183,606 |
| Non-cash operating, investing and financing activities: | |||
| Right-of-use asset obtained in exchange for lease liability | $— | $31,361 | $20,079 |
| Property and equipment purchases in accounts payable and accrued and other current liabilities | $— | $678 | $1,725 |
| Capitalized cloud computing costs included in accounts payable and accrued and other current liabilities | $— | $415 | $— |
| Non-cash deferred revenue and other long-term liabilities | $3,094 | $3,157 | $3,260 |
| Supplemental disclosure: | |||
| Cash paid for amounts included in the measurement of lease liabilities | $(12,049) | $(9,540) | $(6,013) |
| Cash received for amounts related to tenant improvement allowances from lessors | $— | $325 | $1,111 |
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