CORCEPT THERAPEUTICS INC
For the period ended Sep 30, 2024. Filed Oct 30, 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.
Sep 30, 2024 · Filed Oct 30, 2024
CORT$73.35-2.2%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
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $110,463 | $74,785 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Stock-based compensation | 44,558 | 35,875 |
| Accretion of discount on marketable securities, net | (8,747) | (5,933) |
| Depreciation and amortization | 514 | 828 |
| Deferred income taxes | (36,333) | (25,821) |
| Amortization of right-of-use asset | 362 | 1,262 |
| Changes in operating assets and liabilities: | ||
| Trade receivables | (18,594) | (3,569) |
| Insurance recovery receivable related to Melucci litigation | 14,000 | — |
| Inventory | 383 | 936 |
| Prepaid expenses and other current assets | 8,462 | (5,579) |
| Other assets | (432) | — |
| Accounts payable | 1,616 | 4,783 |
| Accrued research and development expenses | 6,406 | 6,732 |
| Accrued and other liabilities | 27,531 | 36,695 |
| Accrued settlement related to Melucci litigation | (14,000) | — |
| Long-term accrued income taxes | 2,540 | 1,373 |
| Operating lease liability | 38 | (1,215) |
| Net cash provided by operating activities | 138,767 | 121,152 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (2,051) | (139) |
| Proceeds from maturities of marketable securities | 332,545 | 372,793 |
| Purchases of marketable securities | (443,738) | (298,846) |
| Net cash (used in) provided by investing activities | (113,244) | 73,808 |
| Cash flows from financing activities: | ||
| Proceeds from stock option exercises, net of issuance costs | 3,268 | 1,091 |
| Proceeds from purchases under the Employee Stock Purchase Program | 3,927 | 2,959 |
| Repurchase of common stock in connection with Stock Repurchase Program | (15,664) | — |
| Repurchase of common stock in connection with Tender Offer | — | (145,428) |
| Cash paid to satisfy statutory withholding requirement for net settlement of cashless option exercises and vesting of restricted stock grants | (15,316) | (8,111) |
| Net cash used in financing activities | (23,785) | (149,489) |
| Net increase in cash and cash equivalents | 1,738 | 45,471 |
| Cash and cash equivalents, at beginning of period | 135,551 | 66,329 |
| Cash and cash equivalents, at end of period | $137,289 | $111,800 |
| Supplemental disclosure: | ||
|---|---|---|
| Exercise cost of shares repurchased for net settlement of cashless option exercises | $14,184 | $22,199 |
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