ARROWHEAD PHARMACEUTICALS INC
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
ARWR$49.00-0.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
(in thousands)
| Six Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net (loss) income | $(262,372) | $5,865 |
| Adjustments to reconcile net loss to net cash flow from operating activities | ||
| Stock-based compensation | 37,444 | 40,002 |
| Depreciation and amortization | 8,788 | 5,358 |
| Amortization (accretion) of note premiums/discounts | 896 | (82) |
| Realized gain on investments | (80) | — |
| Non-cash interest expense on liability related to the sale of future royalties | 12,612 | 7,906 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | — | (68,024) |
| Prepaid expenses and other current assets | (2,643) | 20,309 |
| Accounts payable | (8,402) | 6,688 |
| Accrued expenses | (11) | (27,279) |
| Deferred revenue | (866) | (99,135) |
| Operating lease, net | 4,417 | 1,205 |
| Net cash used in operating activities | (210,217) | (107,187) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property and equipment | (102,731) | (66,225) |
| Purchases of investments | (309,982) | (192,528) |
| Proceeds from sales and maturities of investments | 208,615 | 141,994 |
| Net cash used in investing activities | (204,098) | (116,759) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from the exercises of stock options | 1,779 | 1,096 |
| Proceeds from the issuance of common stock, net of offering costs | 429,265 | — |
| Proceeds from the sale of future royalties | — | 250,000 |
| Net cash provided by financing activities | 431,044 | 251,096 |
| Net increase in cash, cash equivalents and restricted cash | 16,729 | 27,150 |
| Effect of exchange rate on cash, cash equivalents and restricted cash | 84 | (196) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH: | ||
| BEGINNING OF PERIOD | 110,891 | 108,005 |
| END OF PERIOD | $127,704 | $134,959 |
| Supplementary disclosure of cash flows: | ||
| Income taxes paid | $(3,014) | $— |
| Supplemental disclosure of noncash investing activities: | ||
| Capital expenditures included in accrued expenses | $7,265 | $12,831 |
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