Company: PACB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001299130-25-000168
Chunk: 9

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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122 

See accompanying notes to the condensed consolidated financial statements.

Q3 Fiscal 2025 Form 10-Q5

PACIFIC BIOSCIENCES OF CALIFORNIA, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) Nine Months Ended September 30,(In thousands)20252024Cash flows from operating activitiesNet loss$(506,005)$(312,222)Adjustments to reconcile net loss to net cash used in operating activitiesDepreciation 10,251 10,932 Amortization of intangible assets368,429 20,558 Amortization of right-of-use assets3,083 10,912 Share-based compensation expense32,080 55,003 Impairment charges15,000 93,200 Accretion of discount and amortization of premium on marketable securities, net(3,905)(10,663)Change in the estimated fair value of contingent consideration(18,700)1,100 Inventory provision9,768 3,715 Deferred income taxes(546)— Other1,456 1,002 Changes in assets and liabilities Accounts receivable, net(3,092)7,232 Inventory, net(4,926)(15,394)Prepaid expenses and other assets 7,797 3,534 Accounts payable 761 (2,222)Accrued expenses (1,396)(26,665)Deferred revenue 685 875 Operating lease liabilities(661)(9,252)Other liabilities (2,219)(7,053)Net cash used in operating activities (92,140)(175,408)Cash flows from investing activitiesPurchases of property and equipment (1,853)(4,571)Purchases of intangible assets(5,000)— Purchases of investments (183,817)(418,164)Sales of investments — 8,061 Maturities of investments 280,089 480,440 Net cash provided by investing activities 89,419 65,766 Cash flows from financing activitiesProceeds from issuance of common stock from equity plans3,428 7,703 Notes payable principal payoff— (490)Net cash provided by financing activities 3,428 7,213 Net increase (decrease) in cash, cash equivalents, and restricted cash707 (102,429)Cash, cash equivalents, and restricted cash at beginning of period