Butterfly Network Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
BFLY$6.51-2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(In thousands)
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net loss | $(72,492) | $(133,700) | $(168,723) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation, amortization, and impairments | 10,342 | 10,574 | 5,935 |
| Non-cash interest expense | 1,256 | — | — |
| Write-down of inventories | 15 | 21,083 | 783 |
| Stock-based compensation expense | 21,032 | 27,480 | 42,531 |
| Change in fair value of warrant liabilities | 1,859 | (4,544) | (20,859) |
| Gain on lease termination | — | (214) | — |
| Other | 1,102 | 633 | 615 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (8,503) | (162) | (3,063) |
| Inventories | 2,218 | (34,135) | (24,510) |
| Prepaid expenses and other assets | 1,304 | 2,979 | 3,819 |
| Vendor advances | (2,498) | 17,091 | 5,100 |
| Accounts payable | (841) | (1,875) | 1,216 |
| Deferred revenue | 435 | 2,206 | 2,266 |
| Accrued purchase commitments | — | (2,015) | (17,383) |
| Change in operating lease assets and liabilities | (750) | (635) | 2,257 |
| Accrued expenses and other liabilities | 3,814 | (3,586) | 901 |
| Net cash used in operating activities | (41,707) | (98,820) | (169,115) |
| Cash flows from investing activities: | |||
| Purchases of marketable securities | — | (297) | (75,534) |
| Sales of marketable securities | — | 76,484 | — |
| Purchases of property, equipment, and intangible assets, including capitalized software | (2,694) | (5,783) | (18,302) |
| Sales of property and equipment | 36 | 10 | 57 |
| Net cash provided by (used in) investing activities | (2,658) | 70,414 | (93,779) |
| Cash flows from financing activities: | |||
| Proceeds from exercise of stock options and warrants | 64 | 228 | 2,982 |
| Proceeds from employee stock purchase plan | 495 | — | — |
| Payments to tax authorities for restricted stock units withheld | (739) | — | (101) |
| Payments on technology license commitment | (1,315) | — | — |
| Net cash provided by (used in) financing activities | (1,495) | 228 | 2,881 |
| Net decrease in cash, cash equivalents, and restricted cash | (45,860) | (28,178) | (260,013) |
| Cash, cash equivalents, and restricted cash, beginning of period | 138,650 | 166,828 | 426,841 |
| Cash, cash equivalents, and restricted cash, end of period | $92,790 | $138,650 | $166,828 |
| Supplementary disclosure of non-cash investing and financing activities | |||
| Acquisition of property, equipment, and intangible assets, including capitalized software | $470 | $9,247 | $4,501 |
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