ACADIA PHARMACEUTICALS INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
ACAD$18.28+10.8%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities | |||
| Net loss | $(61,286) | $(215,975) | $(167,870) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Stock-based compensation | 66,421 | 68,201 | 63,615 |
| Amortization of premiums and accretion of discounts on investment securities | (7,533) | (2,736) | 2,404 |
| Amortization of intangible assets | 4,093 | — | 1,108 |
| Gain on strategic investment | (5,109) | (3,542) | (2,329) |
| Depreciation | 1,459 | 2,026 | 2,236 |
| Loss on sale of investment securities | 524 | — | — |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (36,072) | 2,171 | (16,119) |
| Interest and other receivables | (3,198) | 93 | 1,057 |
| Inventory | (28,808) | 2,415 | (4,210) |
| Prepaid expenses and other current assets | (17,693) | 2,494 | 1,802 |
| Operating lease right-of-use assets | 5,769 | 6,566 | 6,287 |
| Other assets | (33) | (48) | 10 |
| Accounts payable | 4,797 | 5,870 | (1,617) |
| Accrued liabilities | 93,170 | 24,306 | (8,455) |
| Operating lease liabilities | (5,872) | (7,916) | (5,433) |
| Long-term liabilities | 6,073 | 2,040 | 1,854 |
| Net cash provided by (used in) operating activities | 16,702 | (114,035) | (125,660) |
| Cash flows from investing activities | |||
| Purchases of investment securities | (369,985) | (363,174) | (492,797) |
| Sale and maturity of investment securities | 429,780 | 436,415 | 422,817 |
| Proceeds from sales of strategic investment | 12,253 | — | — |
| Net purchases of property and equipment | (50) | — | (1,122) |
| Intangible assets | (40,000) | — | — |
| Net cash provided by (used in) investing activities | 31,998 | 73,241 | (71,102) |
| Cash flows from financing activities | |||
| Proceeds from issuance of common stock, net of issuance costs | 25,129 | 8,199 | 18,162 |
| Net cash provided by financing activities | 25,129 | 8,199 | 18,162 |
| Effect of exchange rate changes on cash | (18) | 6 | 7 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 73,811 | (32,589) | (178,593) |
| Cash, cash equivalents and restricted cash | |||
| Beginning of year | 120,616 | 153,205 | 331,798 |
| End of year | $194,427 | $120,616 | $153,205 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for income taxes | $5,850 | $2,190 | $1,038 |
| Supplemental disclosure of noncash information: | |||
| Accrued milestone and contingent payments in connection with asset acquisition | $29,583 | $— | $— |
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