Company: ARWR
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001628280-25-024666
Chunk: 25

Company: ARROWHEAD PHARMACEUTICALS, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 integral part of these unaudited consolidated financial statements.

3

Arrowhead Pharmaceuticals, Inc.

Consolidated Statements of Cash Flows 

(in thousands)

(unaudited)

Six Months Ended March 31,20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net income (loss)$192,645 $(262,372)Adjustments to reconcile net income (loss) to net cash flow from operating activitiesStock-based compensation31,236 37,444 Depreciation and amortization11,319 8,788 (Accretion) amortization of note premiums/discounts(2,788)896 Realized loss on investments— (80)Non-cash interest expense on liability related to the sale of future royalties10,915 12,612 Non-cash interest expense on credit facility32,369 — Changes in operating assets and liabilities:Accounts receivable(2,365)— Prepaid expenses and other assets(20,936)(2,643)Accounts payable(1,717)(8,402)Accrued expenses18,921 (11)Deferred revenue43,268 (866)Operating lease, net(2,255)4,417 Other3,169 — Net cash provided by (used in) operating activities313,781 (210,217)CASH FLOWS FROM INVESTING ACTIVITIES:Purchases of property and equipment(12,813)(102,731)Purchases of investments(677,892)(309,982)Proceeds from sales and maturities of investments347,402 208,615 Net cash used in investing activities(343,303)(204,098)CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from the exercises of stock options3,253 1,779 Proceeds from the issuance of common stock, net of offering costs— 429,265 Proceeds from the issuance of warrants25,000 — Payments of debt issuance costs(5,000)— Proceeds from the issuance of common stock241,388 — Repayments of credit facility(151,625)— Net cash provided by financing activities113,016 431,044 Net increase in cash, cash equivalents and restricted cash83,494 16,729 Effect of exchange rate on cash, cash equivalents and restricted cash(470)84 CASH, CASH EQUIVALENTS AND RESTRICTED C