ACADIA PHARMACEUTICALS INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net income (loss) | $226,451 | $(61,286) | $(215,975) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Stock-based compensation | 67,049 | 66,421 | 68,201 |
| Amortization of premiums and accretion of discounts on investment securities | (9,304) | (7,533) | (2,736) |
| Amortization of intangible assets | 14,963 | 4,093 | — |
| Gain on sale of non-financial asset | (146,515) | — | — |
| Gain on strategic investment | — | (5,109) | (3,542) |
| Depreciation | 920 | 1,459 | 2,026 |
| Loss on sale of investment securities | — | 524 | — |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (472) | (36,072) | 2,171 |
| Interest and other receivables | (1,873) | (3,198) | 93 |
| Inventory | (49,550) | (28,808) | 2,415 |
| Prepaid expenses and other current assets | (16,590) | (17,693) | 2,494 |
| Operating lease right-of-use assets | 7,502 | 5,769 | 6,566 |
| Other assets | 117 | (33) | (48) |
| Accounts payable | (1,351) | 4,797 | 5,870 |
| Accrued liabilities | 71,061 | 93,170 | 24,306 |
| Operating lease liabilities | (7,598) | (5,872) | (7,916) |
| Long-term liabilities | 2,909 | 6,073 | 2,040 |
| Net cash provided by (used in) operating activities | 157,719 | 16,702 | (114,035) |
| Cash flows from investing activities | |||
| Purchases of investment securities | (505,095) | (369,985) | (363,174) |
| Sale and maturity of investment securities | 328,565 | 429,780 | 436,415 |
| Proceeds from sale of non-financial asset | 146,515 | — | — |
| Proceeds from sale of strategic investment | — | 12,253 | — |
| Net purchases of property and equipment | (523) | (50) | — |
| Intangible assets | — | (40,000) | — |
| Net cash (used in) provided by investing activities | (30,538) | 31,998 | 73,241 |
| Cash flows from financing activities | |||
| Proceeds from issuance of common stock, net of issuance costs | 6,845 | 25,129 | 8,199 |
| Net cash provided by financing activities | 6,845 | 25,129 | 8,199 |
| Effect of exchange rate changes on cash | (94) | (18) | 6 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 133,932 | 73,811 | (32,589) |
| Cash, cash equivalents and restricted cash | |||
| Beginning of year | 194,427 | 120,616 | 153,205 |
| End of year | $328,359 | $194,427 | $120,616 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for income taxes | $19,521 | $5,850 | $2,190 |
| Supplemental disclosure of noncash information: | |||
| Accrued inventory purchases | $1,268 | $— | $— |
| Accrued milestone and contingent payments in connection with asset acquisition | $98,838 | $29,583 | $— |
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