AGENUS INC
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-3.1M | $-232.3M | $-257.4M | $-230.7M | $-28.7M | $-182.9M | $-111.6M | $-162.0M |
| Depreciation & Amortization | $10.0M | $13.3M | $13.6M | $6.9M | $6.8M | $7.2M | $6.7M | $6.3M |
| Depreciation | $9.7M | $12.8M | $11.9M | $4.7M | $4.6M | $5.1M | $4.8M | $4.3M |
| Amortization | $300.0K | $500.0K | $1.5M | $2.2M | $2.1M | $2.4M | $2.0M | $2.0M |
| Stock-Based Compensation | $13.8M | $17.4M | $22.9M | $18.3M | $19.6M | $10.4M | $9.9M | $7.6M |
| Net Cash from Operating Activities | $-77.2M | $-158.3M | $-224.2M | $-175.4M | $10.1M | $-139.1M | $-18.7M | $-131.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $6.0K | $576.0K | $10.0M | $53.1M | $33.8M | $3.5M | $4.7M | $3.6M |
| Business Acquisitions | — | — | — | $2.9M | — | $975.0K | — | — |
| Net Cash from Investing Activities | $1.2M | $27.0K | $3.4M | $-33.6M | $-43.2M | $-4.4M | $-4.7M | $-3.6M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $36.6M | $122.8M | $119.9M | $95.8M | $225.3M | $183.9M | $31.3M | $128.3M |
| Net Change in Cash | $-39.4M | $-35.7M | $-101.6M | $-113.3M | $207.1M | $38.1M | $8.8M | $-7.1M |
| Free Cash Flow | $-77.2M | $-158.9M | $-234.2M | $-228.4M | $-23.7M | $-142.6M | $-23.3M | $-134.7M |
When you sell in desperation, you always sell cheap.