Annexon Inc
For the period ended Dec 31, 2023. Filed Mar 26, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 26, 2024
ANNX$4.21-0.5%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Year EndedDecember 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Operating activities: | ||
| Net loss | $(134,237) | $(141,947) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 2,148 | 2,106 |
| Accretion of (discount) premium on available-for-sale securities | (2,550) | 73 |
| Stock-based compensation | 18,183 | 18,516 |
| Reduction in the carrying amount of right-of-use assets | 1,119 | 1,205 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 1,352 | (463) |
| Accounts payable | (2,077) | (287) |
| Accrued liabilities | (3,438) | 6,178 |
| Operating lease liabilities | (1,503) | (1,731) |
| Other current liabilities | (139) | 41 |
| Net cash used in operating activities | (121,142) | (116,309) |
| Investing activities: | ||
| Purchases of property and equipment | (193) | (6,526) |
| Purchases of available-for-sale securities | (108,088) | (113,197) |
| Proceeds from maturities of available-for-sale securities | 178,984 | 178,166 |
| Net cash provided by investing activities | 70,703 | 58,443 |
| Financing activities: | ||
| Proceeds from the exercise of common stock options | 90 | 80 |
| Proceeds from Employee Stock Purchase Plan purchases | 479 | 340 |
| Proceeds from the issuance of common stock, pre-funded warrants and common warrants, including related party of $17,995 and $9,500 for the years ended December 31, 2023 and 2022, respectively | 17,995 | 130,476 |
| Proceeds from the issuance of common stock, pre-funded warrants and common warrants, including related party of $948, net of commissions | 117,515 | — |
| Payment of financing costs | (555) | (7,988) |
| Net cash provided by financing activities | 135,524 | 122,908 |
| Increase in cash, cash equivalents and restricted cash | 85,085 | 65,042 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 5 | 1 |
| Cash, cash equivalents and restricted cash | ||
| Beginning of period | 141,052 | 76,009 |
| End of period | $226,142 | $141,052 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for amounts included in the measurement of lease liability | $4,728 | $10,078 |
| Non-cash investing and financing activities: | ||
| Deferred offering costs included in accounts payable and accrued liabilities | $483 | $— |
| Purchases of property and equipment included in accounts payable and accrued liabilities | $— | $110 |
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