PLIANT THERAPEUTICS INC
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 7, 2024
PLRX$0.80-1.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (In thousands) | 2024 | 2023 |
| Cash flows from operating activities | ||
| Net loss | $(160,572) | $(120,227) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 1,667 | 1,377 |
| Stock-based compensation expense | 29,209 | 35,331 |
| Non-cash operating lease expense | 2,640 | 1,833 |
| Net amortization (accretion) on short-term investments and debt | 1,945 | (10,215) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | — | 1,983 |
| Prepaid expenses and other current assets | 5,739 | (3,583) |
| Other non-current assets | (35) | 367 |
| Accounts payable | 2,358 | 1,797 |
| Accrued liabilities | 9,935 | 2,082 |
| Operating lease liabilities | (727) | (2,004) |
| Net cash used in operating activities | (107,841) | (91,259) |
| Cash flows from investing activities | ||
| Purchase of short-term investments | (177,930) | (525,572) |
| Maturity of short-term investments | 282,777 | 367,499 |
| Purchase of property and equipment | (3,639) | (860) |
| Net cash provided by (used in) investing activities | 101,208 | (158,933) |
| Cash flows from financing activities | ||
| Proceeds from issuances of common stock under benefit plans | 3,106 | 4,769 |
| Proceeds from term loan, net of issuance costs | 19,909 | — |
| Payment of offering costs | — | (834) |
| Proceeds from sale of common stock in a public offering | — | 270,251 |
| Net cash provided by financing activities | 23,015 | 274,186 |
| Net increase in cash and cash equivalents | 16,382 | 23,994 |
| Cash and cash equivalents and restricted cash at beginning of period | 64,716 | 33,685 |
| Cash, cash equivalents and restricted cash at end of period | $81,098 | $57,679 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | $1,850 | $864 |
| Reconciliation of cash, cash equivalents, and restricted cash reported in the balance sheets | ||
| Cash and cash equivalents | $79,616 | $57,679 |
| Restricted cash | 1,482 | — |
| Total cash, cash equivalents, and restricted cash | $81,098 | $57,679 |
| Supplemental disclosures of noncash investing and financing activities: | ||
| Net unrealized gain on short-term investments | $503 | $51 |
| Purchase of property and equipment in accounts payable and accrued liabilities | $132 | $— |
| Supplemental disclosures of cash flow information related to leases: | ||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $29,779 | $— |
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