BridgeBio Pharma, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net loss ($43.8m) ($169.5m) ($288.6m) ($505.5m) ($586.5m) ($484.7m) ($653.3m) ($543.3m) ($732.9m) ($1.5m)
Net loss from equity method investments $275k $20.9m $0 $0 $31.2m $72.6m
Net Income (Loss) Available to Common Stockholders, Basic ($130.7m)
($260.6m) -99.30%
($448.7m) -72.20%
($562.5m) -25.36%
($481.2m) +14.46%
($643.2m) -33.67%
($535.8m) +16.70%
($724.9m) -35.31%
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($169.5m) ($288.6m) ($505.5m) ($586.5m) ($484.7m) ($653.3m) ($543.3m) ($732.9m)
Net Income (Loss) Attributable to Noncontrolling Interest ($38.7m) ($28.0m) ($56.8m) ($23.9m) ($3.5m) ($10.0m) ($7.6m) ($8.0m)
Depreciation, Depletion and Amortization $859k $1.5m $5.8m $6.8m $6.5m $6.1m $5.4m $5.3m
Depreciation $859k $1.5m $5.8m $6.8m $6.5m $3.7m $2.5m $5.3m
Amortization of Debt Issuance Costs and Discounts $3.3m $3.6m $3.7m $3.8m $6.0m
Amortization of Intangible Assets $986k $2.6m $2.4m $2.4m $2.4m $2.7m
Amortization of debt discount and issuance costs $8.9m $7.5m $6.0m
Depreciation (Note 4) $18k $18k $0 $0 $5.3m
Amortization and depreciation of equipment and intangible assets $986k $158k $18k
Amortization of right-of-use assets $422k $185k
Depreciation Amortization Depletion $6.8m $6.5m $6.1m $5.4m $5.3m
Deferred Income Tax Expense (Benefit) $0
Share-based Payment Arrangement, Noncash Expense $6.1m $21.4m $58.5m $99.5m $91.6m $108.7m $95.8m $133.0m $140.4m
Payment, Tax Withholding, Share-based Payment Arrangement $714k $4.7m $1.6m $6.9m $7.5m $14.2m
Share-based Payment Arrangement, Expense $6.1m $21.4m $58.5m $105.6m $93.8m $115.0m $113.9m $136.9m $140.4m
Stock-based compensation $1.8m $6.1m $21.4m $58.5m $99.5m $91.6m $108.7m $95.8m $133.0m $140.4m
Share-based payments (Notes 11(b), 11(c), 11(d) and 14) $1.6m $827k $1.2m $951k $500k $2.0m $170k
Operating Lease, Impairment Loss $2.6m $0
Loss on impairment of intangible assets $6.6m $12.1m
Asset Impairment Charge $0 $12.7m $0 $271k $271k
Income (Loss) from Equity Method Investments ($275k) ($20.9m) $0 $0 ($31.2m) ($72.6m)
Nonoperating Income (Expense) $14.2m ($22.3m) ($31.0m) ($9.8m) $27.6m ($45.9m) $50.8m ($209.1m)
Other Nonoperating Income (Expense) $1.6m $35.8m ($7.5m) $17.4m $12.3m $43.1m
Noncash income from equity method investments $0 $0 ($8.8m)
Earnings (Loss)es From Equity Investments $0 $0 $31.2m $72.6m $75.3m
Changes in operating assets and liabilities:
Change In Working Capital $28.1m $5.1m $32.0m ($51.1m) ($59.6m)
Increase (Decrease) in Accounts Receivable $3.0m $134.7m ($90.0m)
Accounts receivable, net $15.2m $15.3m ($3.0m) ($134.7m) ($90.0m)
Change in Accounts Receivable $181k $310k ($22k) $28k $9k
Change In Receivables $15.2m $15.3m ($3.0m) ($134.7m) ($90.0m)
Changes In Account Receivables $15.2m $15.3m ($3.0m) ($134.7m) ($90.0m)
Increase (Decrease) in Inventories $25.3m ($29.2m)
Inventories $0 $0 ($25.3m) ($29.2m)
Change In Inventory $0 $0 ($25.3m) ($29.2m)
Increase (Decrease) in Accounts Payable $1.6m $16.7m ($4.7m) ($735k) $2.8m ($349k) $2.8m $1.5m $26.6m $1.9m
Accounts payable and accrued liabilities $1.1m ($994k) ($1.2m) $2.2m ($702k) $109k $242k $1.9m
Change In Payables And Accrued Expense ($14.7m) $727k $27.2m $56.8m $1.9m
Accrued compensation and benefits $1.1m $3.4m $9.3m $8.6m $7.4m ($2.4m) $7.8m $17.0m $23.0m
Accrued research and development liabilities $2.6m $5.8m $12.0m $6.2m $11.2m ($4.3m) ($9.9m) $8.7m $7.2m
Deferred revenue $0 $0 $15.3m ($5.4m) $21.9m ($11.4m)
Change In Accrued Expense ($14.4m) ($2.1m) $25.7m $30.2m $25.7m
Prepaid expenses and other current assets ($4.3m) ($6.1m) ($13.5m) ($7.1m) ($4.3m) $7.7m ($2.7m) ($13.9m) ($8.8m)
Other assets ($92k) ($843k) ($16.9m) ($2.1m) ($9.8m) $11.0m ($1.5m) $1.5m $1.1m
Other liabilities $268k $182k ($65k) $3.5m $4.2m $77.8m
Restricted cash — Included in “Prepaid expenses and other current assets” $16.7m $126k $550k
Restricted cash — Included in “Other assets” $2.1m $2.0m $1.5m
Prepaids and other current assets $10k ($270k) $10k $595k ($199k) $43k $661
Change In Other Current Assets $11.0m ($1.5m) $1.5m $1.1m ($2.3m)
Change In Other Current Liabilities ($6.2m) ($4.8m) ($5.9m) ($6.5m) ($5.3m)
Net Cash Provided by (Used in) Operating Activities ($40.5m)
($136.6m) -237.49%
($253.6m) -85.58%
($399.7m) -57.62%
($497.9m) -24.57%
($419.5m) +15.75%
($527.7m) -25.80%
($520.7m) +1.33%
($445.9m) +14.37%
($625k) +99.86%
($444.0m) -70880.97%
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($464k) $2.2m $2.6m $7.5m $13.2m $4.8m $1.3m $933k $1.1m ($8.1m)
Unpaid property and equipment $1.1m $563k $47k $100k $279k $43k
Debt Securities, Available-for-sale, Realized Gain (Loss) $0 $0 $0
Purchases of marketable securities ($212.9m) ($287.9m) ($589.9m) ($137.5m) ($29.7m) ($93.8m) ($28.2m)
Maturities of marketable securities $249.1m $380.2m $479.7m $82.5m $95.0m $11.0m
Purchases of investments in equity securities $0 ($53.4m) ($55.6m) ($107.5m) ($20.3m) $0
Proceeds from sales of investments in equity securities $0 $34.1m $52.8m $110.6m $63.2m $0
Payments for (Proceeds from) Other Investing Activities $0
Net Other Investing Changes $13.7m $120.0m ($503k) ($140k)
Net Cash from Investing Activities ($1.1m) ($72k)
Net Cash Provided by (Used in) Investing Activities ($464k) ($21.0m) ($217.3m) ($53.0m) ($200.8m) $453.1m $54.0m $60.8m ($24.5m) ($65.6m)
Cash flows from financing activities:
Repayments of Long-term Debt $1.1m $124.1m $20.5m $0 $473.4m $0
Gain (Loss) on Extinguishment of Debt ($3.3m) $0 $0 ($26.6m) ($21.2m)
Loss on extinguishments of debt $0 $3.3m $0 $0 $26.6m $21.2m
Gain on extinguishment/forgiveness of debts (Note 14) $0 ($469k) ($110k) ($150k)
Proceeds from Debt Issuance $0 $0 $411k
Loss on debt modification (Note 6) ($56k) $197k $0 $0
Gain on forgiveness of debts (Note 15) $0 $0 ($469k)
Issuance Of Debt $0 $0 $450.0m $575.0m $632.5m
Long Term Debt Issuance $0 $0 $450.0m $575.0m $632.5m
Long Term Debt Payments ($20.5m) $0 ($473.4m) ($459.0m) $0
Net Issuance Payments Of Debt ($20.5m) $0 ($23.4m) $116.0m $632.5m
Net Long Term Debt Issuance ($20.5m) $0 ($23.4m) $116.0m $632.5m
Repayment Of Debt ($20.5m) $0 ($473.4m) ($459.0m) $0
Payments for Repurchase of Common Stock $75.0m $200.0m $0 $0 $0 $48.3m
Proceeds from Issuance of Common Stock $0 $0 $4.9m $144.0m $314.7m $0 ($18k)
Repurchase of common stock ($75.0m) ($200.0m) $0 $0 $0 ($48.3m)
Proceeds from common stock issuances under ESPP $921k $1.2m $3.8m $2.6m $3.4m $4.5m $6.4m
Common Stock Issuance $4.9m $449.8m $314.7m $0 ($18k)
Common Stock Payments ($1.6m) ($6.9m) ($7.5m) ($62.5m) ($99.0m)
Issuance Of Capital Stock $4.9m $449.8m $314.7m $0 ($18k)
Net Common Stock Issuance $3.3m $442.9m $307.2m ($62.5m) ($99.0m)
Repurchase Of Capital Stock ($1.6m) ($6.9m) ($7.5m) ($62.5m) ($99.0m)
Dividends paid $1
Proceeds from special cash dividends received from an investment in equity securities $0 $0 $25.7m $2.3m
Dividends Received CFI $0 $0 $25.7m $2.3m $0
Proceeds from (Payments for) Other Financing Activities $837k $0 $0
Net Other Financing Charges $837k ($801k) $456.5m $271.6m $258.9m
Net Cash from Financing Activities $12.2m
$190k -98.45%
$11.2m +5824.85%
$0 -100.00%
$300k
$1.2m +308.07%
$0 -100.00%
Net Cash Provided by (Used in) Financing Activities $113.0m
$501.5m +343.91%
$398.8m -20.49%
$447.2m +12.14%
$736.4m +64.68%
($13.1m) -101.78%
$451.5m +3537.91%
$748.5m +65.76%
$359.3m -52.00%
$629k -99.82%
$848.9m +134797.01%
Net increase (decrease) in cash, cash equivalents, and restricted cash $72.0m $343.9m ($72.0m) ($5.5m) $37.7m $20.5m ($22.2m) $288.5m ($111.1m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $72.0m $343.9m ($72.0m) ($5.5m) $37.7m $20.5m ($22.2m) $288.5m ($111.1m) $882.0m
Cash, cash equivalents, and restricted cash at beginning of year $92.4m $436.2m $364.2m $358.7m $396.4m $416.9m $394.7m $683.2m $572.1m
Cash - beginning of year $155k $174k $8k $8k $37k $8k
Cash - beginning of period $75k $75k $3.3m $155k
Beginning Cash Position $396.4m $416.9m $394.7m $683.2m $542.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $72.0m $343.9m ($72.0m) ($5.5m) $37.7m $416.9m $394.7m $683.2m $572.1m $882.0m
Total cash, cash equivalents and restricted cash at end of years shown on the consolidated statements of cash flows $358.7m $396.4m $416.9m $394.7m $683.2m $572.1m
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Proceeds from Stock Options Exercised $440k $1.8m $12.9m $16.6m $666k $6.0m $3.7m $27.7m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.6m $6.1m $15.3m $29.8m $54.4m $61.1m $91.3m $43.7m
Income Taxes Paid, Net $0 $0 $1.2m
Additional Financial Items
Accretion Expense $783k $1.5m $17.7m $5.8m $8.6m $8.9m $15.8m
Deconsolidation, Gain (Loss), Amount $19.3m $0 $1.2m $178.3m $0
Equity Securities, FV-NI, Gain (Loss) $0 $0 $29.9m ($8.2m) $18.3m $8.1m $0
Equity Securities, FV-NI, Realized Gain (Loss) $0 $0 $2.2m $3.7m $8.7m $8.1m $0
Equity Securities, FV-NI, Unrealized Gain (Loss) $0 $0 ($29.9m) $8.2m $9.6m $0 $0
Gain (Loss) on Disposition of Assets $1.3m ($804k) ($6.3m) $0 $0
General and Administrative Expense $43.6m $94.4m $145.7m
Income Tax Expense (Benefit) $1.2m $435k
Interest Expense Nonoperating $99.3m $53.1m
Investment Income, Interest $2.0m $8.9m $4.0m $1.1m $7.5m $18.0m $17.2m $19.9m
Operating Expenses $183.7m $306.8m $482.7m
Proceeds from Noncontrolling Interests $23.9m $24.1m $0
Proceeds from (Payments to) Noncontrolling Interests $2.1m
Noncash interest expense on deferred royalty obligations $0 $8.3m $125.1m
Noncash lease expense $3.1m $5.6m $5.2m $4.0m $4.1m $4.9m
Change in fair value of the embedded derivative associated with the deferred royalty obligation $0 ($1.6m) ($19.7m)
(Gain) loss on deconsolidation of subsidiaries $0 $1.2m ($178.3m) $0
Gain from investment in equity securities, net $0 $0 ($29.9m) $8.2m ($18.3m) ($8.1m) $0
Accrual of payment-in-kind interest on term loan $0 $0 $13.6m $10.2m $0 $0
Other noncash adjustments, net $260k $442k $1.4m $2.7m $7.1m $604k $181k ($2.8m) ($1.7m)
Operating lease liabilities ($3.5m) ($6.1m) ($6.2m) ($4.8m) ($5.9m) ($6.5m)
Payment for intangible assets $0 ($35.0m) ($1.5m) $0 ($8.0m) ($8.5m)
Decrease in cash and cash equivalents resulting from deconsolidation of subsidiaries ($2.9m) $0 ($503k) ($140k) $0
Proceeds from issuance of 2031 Notes $550.0m $747.5m $0 $0 $0 $575.0m
Issuance costs and discounts associated with 2031 Notes/ Issuance costs and discounts associated with term loan under Amended Financing Agreement ($13.0m) ($16.1m) $0 $0 ($16.0m) ($12.0m)
Proceeds from royalty obligation $0 $500.0m $300.0m
Issuance costs and discounts associated with a royalty obligation $0 ($27.5m) ($3.0m)
Proceeds from term loan under the Amended Financing Agreement $0 $450.0m $0
Repayment of term loans ($1.1m) ($124.1m) ($20.5m) $0 ($473.4m) ($459.0m)
Repayments of deferred royalty obligations $0 $0 ($15.5m)
Proceeds from stock option exercises, net of repurchases $144k $440k $1.8m $12.9m $16.6m $666k $6.0m $3.7m $27.7m
Transactions with noncontrolling interests $3.5m $0 ($801k) $0 $2.1m
Repurchase of RSU shares to satisfy tax withholding ($714k) ($4.7m) ($1.6m) ($6.9m) ($7.5m) ($14.2m)
Transfers to noncontrolling interests ($8.2m) $21.6m ($28.6m) $12.0m ($2.1m) ($3.5m) ($10.5m) ($5.8m) ($5.6m)
Cash and cash equivalents $356.1m $393.8m $376.7m $375.9m $681.1m $570.1m $542.7m
Accretion expense (Notes 5 and 6) $294k $13k $7k $56k $5k $154k $78k
Changes in fair values of warrant liabilities (Notes 9(a) and 9(b)) ($5k) $138k $33k ($198k)
Financial guarantee liability (Note 16(c)) $182k $901k $24k $34k ($759k) $30k
Income Before Tax ($11k) ($39k) $238k $203k $26k $275k ($201k)
Gain on extinguishment of loan $0 $0 ($10k)
Interest expense $0 $0 $65k ($44k)
Penalties recovery $0 $0 ($305k) $0
Settlements and legal provisions, net (Note 16(a)) $0 ($130k) ($557k) $0
Due to related parties ($329k) $70k ($517k) $475k $1.2m $573k $961k
Proceeds from Stock Issuance $647k $2.2m $705k $0
Proceeds from subscriptions received (Notes 8(d), 8(j) and 14) $0 $74k $0 $43k $198k
Proceeds from subscriptions received by MedMelior (Note 11) $0 $429k $0 $20k $0
Repayment of loans payable (Note 6) $0 $0 ($5k)
Net Change in Cash $2k $20k ($12k) $2k ($56) $8 $582
Common shares issued for services $185k $1.4m $116k $30k $0 $0
Common shares of MedMelior issued for services (Note 12) $0 $3.0m $0 $0
Foreign exchange loss $203k $26k $275k
Proceeds from issuance of common shares and warrants by MedMelior (Note 12) $0 $186k $0 $0
Change in unrealized gains/losses on warrant liabilities (Notes 10(a) and 10(b)) $74k ($131k) ($5k) $138k
Other income - premium on loans payable (Note 8) ($51k) $0 $0
Settlements and legal provisions, net (Notes 15 and 18) $0 $0 ($130k)
Proceeds from issuance of common shares and warrants, net (Note 9) $16.3m $1.3m $11.4m $647k $2.2m
Proceeds from loans payable (Note 8) $120k $0 $0
Proceeds from (repayment of) convertible debenture (Note 7) ($3.2m) $600k ($250k) $0 $300k
Shelf prospectus transaction costs (Note 9(m)) ($77k) $0 $0
Gain (loss) on sale/abandonment of assets, net $1.3m ($804k)
Amounts receivable ($93k) ($350k) ($181k)
Lease payments ($560k) ($500k)
Cash Flow From Continuing Financing Activities ($13.1m) $451.5m $748.5m $359.3m $848.9m
Cash Flow From Continuing Investing Activities $453.1m $54.0m $60.8m ($24.5m) ($65.6m)
Change In Account Payable ($349k) $2.8m $1.5m $26.6m $1.9m
Change In Cash Supplemental As Reported $20.5m ($22.2m) $288.5m ($111.1m)
Change In Other Working Capital $15.3m ($1.9m) $26.1m $66.4m $66.6m
Change In Payable ($349k) $2.8m $1.5m $26.6m $1.9m
Change In Prepaid Assets $7.7m ($2.7m) ($13.9m) ($8.8m) ($27.1m)
Changes In Cash $20.5m ($22.2m) $288.5m ($111.1m) $339.3m
End Cash Position $416.9m $394.7m $683.2m $572.1m $882.0m
Financing Cash Flow ($13.1m)
$451.5m +3537.91%
$748.5m +65.76%
$359.3m -52.00%
$848.9m
Free Cash Flow ($425.8m) ($529.0m) ($529.6m) ($455.5m) ($452.0m)
Gain Loss On Investment Securities $8.2m ($18.3m) ($8.1m) ($8.8m) ($2.3m)
Gain Loss On Sale Of Business $0 $1.2m ($178.3m) $0 ($52.0m)
Investing Cash Flow $453.1m $54.0m $60.8m ($24.5m) ($65.6m)
Net Business Purchase And Sale $0 ($503k) ($140k) $0 ($42k)
Net Intangibles Purchase And Sale ($1.5m) $0 ($8.0m) ($8.5m) ($6.9m)
Net Investment Purchase And Sale $339.5m $55.8m $44.1m ($17.2m) ($59.9m)
Net PPE Purchase And Sale ($4.8m) ($1.3m) ($933k) ($1.1m) ($1.2m)
Operating Gains Losses $14.5m ($17.1m) ($128.7m) $84.9m $66.5m
Other Non Cash Items ($88.5m) $23.1m $19.9m $136.0m
Proceeds From Stock Option Exercised $3.2m $9.4m $8.2m $34.1m $56.4m
Purchase Of Business $0 ($503k) ($140k) $0 ($42k)
Purchase Of Intangibles ($1.5m) $0 ($8.0m) ($8.5m) ($6.9m)
Purchase Of Investment ($193.1m) ($137.3m) ($114.1m) ($28.2m) ($80.9m)
Purchase Of PPE $2.6m $7.5m $13.2m ($4.8m) ($1.3m) ($933k) ($1.1m) ($8.1m)
Sale Of Investment $532.5m $193.1m $158.2m $11.0m $21.0m
Unrealized Gain Loss On Investment Securities ($803k) ($2.5m) ($21.3m) ($19.2m)