Mirum Pharmaceuticals Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
MIRM$94.42+1.3%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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities | |||
| Net loss | $(87,942) | $(163,415) | $(135,665) |
| Reconciliation of net loss to net cash provided by (used in) operating activities: | |||
| Stock-based compensation | 48,444 | 35,023 | 27,007 |
| Depreciation and amortization | 23,629 | 10,829 | 3,238 |
| Inventory reserves and firm commitment losses | 2,614 | 9,257 | — |
| Amortization of debt discount and offering costs | 1,661 | 1,117 | — |
| Loss from termination of revenue interest purchase agreement | — | 49,076 | — |
| Non-cash interest expense related to the revenue interest liability | — | 5,060 | 15,979 |
| Deferred income taxes associated with an acquisition | — | — | (6,580) |
| Unrealized foreign exchange (gain) loss | (1,231) | 1,764 | — |
| Non-cash lease expense | 1,354 | 620 | 443 |
| Other | (795) | (1,054) | (3,508) |
| Change in operating assets and liabilities: | |||
| Accounts receivable | (11,426) | (43,974) | (20,727) |
| Prepaid and other current assets | (849) | (3,600) | (3,676) |
| Inventory | (3,166) | (974) | (3,448) |
| Other assets | (1,498) | (511) | (127) |
| Accounts payable, accrued expenses and other liabilities | 40,312 | 30,778 | 7,639 |
| Operating lease liabilities | (782) | (940) | (711) |
| Net cash provided by (used in) operating activities | 10,325 | (70,944) | (120,136) |
| Investing activities | |||
| Purchase of investments | (89,026) | (27,329) | (132,322) |
| Proceeds from maturities of investments | 19,894 | 153,000 | 140,300 |
| Purchase of property and equipment | (993) | (109) | (278) |
| Cash paid for acquisition | — | (212,762) | — |
| Payments made for additions to intangible assets | (20,000) | (20,000) | — |
| Net cash (used in) provided by investing activities | (90,125) | (107,200) | 7,700 |
| Financing activities | |||
| Proceeds from issuance of common stock in private placement, net of issuance costs | — | 202,204 | — |
| Proceeds from issuance of common stock in at-the-market offerings, net of issuance costs | — | 14,480 | 21,289 |
| Proceeds from issuance of common stock in public offerings, net of issuance costs | — | — | 86,078 |
| Proceeds from issuance of convertible notes, net | — | 305,304 | — |
| Proceeds from issuance of common stock pursuant to equity plans | 17,699 | 10,470 | 7,272 |
| Payments of deferred offering costs | — | (281) | — |
| Payments on revenue interest liability | — | (195,577) | (5,552) |
| Net cash provided by financing activities | 17,699 | 336,600 | 109,087 |
| Effect of exchange rate on cash, cash equivalents and restricted cash | (1,297) | (133) | 12 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (63,398) | 158,323 | (3,337) |
| Cash, cash equivalents and restricted cash equivalents at beginning of period | 286,326 | 128,003 | 131,340 |
| Cash, cash equivalents and restricted cash at end of period | $222,928 | $286,326 | $128,003 |
| Supplemental disclosure of cash flow information: | |||
| Operating cash flows paid for operating lease | $1,274 | $1,079 | $911 |
| Cash paid for interest | $12,650 | $6,817 | $— |
| Cash paid for income taxes | $1,004 | $125 | $— |
| Non-cash operating, investing and financing activities: | |||
| Accrued milestone payments classified as intangible assets, net | $— | $— | $15,000 |
| Right-of-use assets obtained in exchange for lease liabilities | $9,633 | $473 | $285 |
| Decrease in ROU assets and lease liabilities due to lease modification | $723 | $— | $— |
| Stock-based compensation capitalized to inventory | $1,122 | $822 | $441 |
| Issuance of common stock in connection with settlement of Contingent Milestone and Indemnification Holdback liabilities | $— | $5,188 | $— |
| Contingent Milestone and Indemnification Holdback liabilities for common stock issuance in exchange for acquired intangible assets | $— | $— | $5,431 |
| Issuance of common stock in exchange for acquired intangible | $— | $— | $15,585 |
| Deferred tax liability incurred from acquired intangible | $— | $— | $6,580 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.