REGENERON PHARMACEUTICALS INC
For the period ended Sep 30, 2024. Filed Oct 31, 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 Oct 31, 2024
REGN$916.06-0.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(In millions)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $3,494.9 | $2,794.0 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 356.5 | 308.0 |
| Stock-based compensation expense | 678.4 | 644.6 |
| (Gains) losses on marketable and other securities, net | (331.2) | 324.5 |
| Other non-cash items, net | (31.9) | 17.4 |
| Deferred income taxes | (477.1) | (551.5) |
| Changes in assets and liabilities: | ||
| Increase in accounts receivable | (436.2) | (256.1) |
| Increase in inventories | (502.0) | (224.4) |
| Increase in prepaid expenses and other assets | (352.2) | (284.4) |
| Increase (decrease) in deferred revenue | 249.0 | (5.1) |
| Increase in accounts payable, accrued expenses, and other liabilities | 509.5 | 737.3 |
| Total adjustments | (337.2) | 710.3 |
| Net cash provided by operating activities | 3,157.7 | 3,504.3 |
| Cash flows from investing activities: | ||
| Purchases of marketable and other securities | (14,664.5) | (9,514.2) |
| Sales or maturities of marketable and other securities | 12,445.3 | 7,059.3 |
| Capital expenditures | (556.3) | (467.2) |
| Proceeds from sale of property, plant, and equipment | 20.1 | — |
| Payments for Libtayo intangible asset | (58.3) | (145.7) |
| Acquisitions, net of cash acquired | (5.0) | (51.1) |
| Net cash used in investing activities | (2,818.7) | (3,118.9) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of Common Stock | 1,374.4 | 844.5 |
| Payments in connection with Common Stock tendered for employee tax obligations | (775.7) | (242.5) |
| Repurchases of Common Stock | (1,630.3) | (1,946.0) |
| Other | (33.4) | — |
| Net cash used in financing activities | (1,065.0) | (1,344.0) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | — | (0.6) |
| Net decrease in cash, cash equivalents, and restricted cash | (726.0) | (959.2) |
| Cash, cash equivalents, and restricted cash at beginning of period | 2,737.8 | 3,119.4 |
| Cash, cash equivalents, and restricted cash at end of period | $2,011.8 | $2,160.2 |
| The accompanying notes are an integral part of the financial statements. | ||
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