Biohaven Ltd
For the period ended Mar 31, 2024. Filed May 9, 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.
Mar 31, 2024 · Filed May 9, 2024
BHVN$15.11-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(Amounts in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(179,504) | $(70,492) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 1,446 | 1,649 |
| Non-cash share-based compensation | 34,877 | 3,765 |
| Issuance of common shares as payment for acquisition of IPR&D asset | 10,347 | — |
| Issuance of common shares as payment under license and other agreements | 5,637 | — |
| Other non-cash items, net | (1,058) | (1,746) |
| Changes in operating assets and liabilities, net of effects of acquisition: | ||
| Prepaid expenses and other current and non-current assets | (2,622) | (279) |
| Accounts payable | 19,066 | 3,753 |
| Accrued expenses and other current and non-current liabilities | 9,174 | (14,288) |
| Net cash used in operating activities | (102,637) | (77,638) |
| Cash flows from investing activities: | ||
| Proceeds from maturities of marketable securities | 81,164 | 27,000 |
| Proceeds from sales of marketable securities | — | 2,498 |
| Purchases of marketable securities | (47,084) | (29,822) |
| Purchases of property and equipment | (440) | (735) |
| Cash acquired from acquisition of IPR&D asset | 391 | — |
| Net cash provided by (used in) investing activities | 34,031 | (1,059) |
| Cash flows from financing activities: | ||
| Change in restricted cash due to Former Parent | — | 26,336 |
| Proceeds from equity incentive plan | 2,203 | 332 |
| Other financing activities | 1,220 | — |
| Net cash provided by financing activities | 3,423 | 26,668 |
| Effects of exchange rates on cash, cash equivalents, and restricted cash | (6) | 15 |
| Net decrease in cash, cash equivalents, and restricted cash | (65,189) | (52,014) |
| Cash, cash equivalents, and restricted cash at beginning of period | 252,120 | 242,604 |
| Cash, cash equivalents, and restricted cash at end of period | $186,931 | $190,590 |
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