OmniAb Inc
For the period ended Dec 31, 2023. Filed Mar 25, 2024.
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FY2023 · Filed Mar 25, 2024
OABI$5.10-3.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated and Combined Statements of Cash Flows
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Operating activities | ||
| Net loss | $(50,619) | $(22,334) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 19,497 | 18,249 |
| Share-based compensation | 24,820 | 18,322 |
| Amortization of discounts on short-term investments, net | (3,441) | (170) |
| Deferred income taxes, net | (12,540) | (6,419) |
| Change in estimated fair value of contingent liabilities | (341) | (592) |
| Other operating activities | 100 | 190 |
| Changes in operating assets and liabilities, net | ||
| Accounts receivable, net | 26,898 | (12,737) |
| Prepaid expenses and other current assets | 2,321 | (4,714) |
| Other long-term assets | 642 | (788) |
| Accounts payable, accrued expenses, and other current liabilities | 936 | 15,068 |
| Operating lease liabilities | (563) | 1,810 |
| Deferred revenue | (5,347) | (9,489) |
| Other long-term liabilities | (16) | 17 |
| Net cash provided by (used in) operating activities | 2,347 | (3,587) |
| Investing activities | ||
| Purchases of property and equipment | (1,644) | (17,168) |
| Purchases of short-term investments | (112,616) | (54,775) |
| Proceeds from the maturity of short-term investments | 96,900 | — |
| Proceeds from sale of short-term investments | 3,424 | 70 |
| Payments to CVR holders | (4,440) | (1,440) |
| Net cash used in investing activities | (18,376) | (73,313) |
| Financing activities | ||
| Proceeds from consummation of separation transaction | — | 1,842 |
| Proceeds from issuance of common stock in Business Combination | — | 96,242 |
| Proceeds from issuance of common stock from stock plans, net | 1,205 | 624 |
| Taxes paid related to net share settlement of equity awards | (1,324) | (189) |
| Payments to CVR holders | (300) | (2,025) |
| Payment of transaction costs | (473) | (4,327) |
| Net transfer from parent | — | 18,572 |
| Net cash provided by (used in) financing activities | (892) | 110,739 |
| Net increase in cash, cash equivalents, and restricted cash | (16,921) | 33,839 |
| Cash, cash equivalents and restricted cash at beginning of year | 33,839 | — |
| Cash, cash equivalents and restricted cash at end of year | $16,918 | $33,839 |
| Supplemental cash flow information: | ||
| Right-of-use assets obtained in exchange for operating lease obligations | $328 | $10,136 |
| Deferred revenue recorded in accounts receivable | $517 | $942 |
| Taxes paid | $2,614 | $— |
| Supplemental non-cash investing and financing activities: | ||
| Purchase of fixed assets recorded in accounts payable | $667 | $22 |
| Intangible additions recorded in contingent liabilities | $1,476 | $4,804 |
| Transaction cost recorded in accounts payable | $370 | $473 |
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