← Immunocore Holdings plc

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — ($55.3m) ($51.1m) ($35.5m)
Net Income (Loss) Attributable to Parent — — — — — ($55.3m) ($51.1m) ($35.5m)
Other Adjustments To Reconcile Profit Loss — — — — $67k — — —
Depreciation, Depletion and Amortization $6.4m $6.5m $6.4m $5.5m $6.1m $4.1m $4.2m $3.1m
Depreciation $6.4m $6.5m $6.4m $5.5m $6.1m $4.1m $4.2m $3.3m
Depreciation Amortization Depletion — — — — — $4.1m $4.2m $3.3m
Deferred Income Tax Expense (Benefit) — — — — — $5.8m ($3.8m) $14.8m
Adjustments For Deferred Tax Of Prior Periods — ($500k) ($379k) $18k ($150k) — — —
Deferred Income Tax — — — — ($3.5m) — ($3.8m) $14.8m
Deferred Tax — — — — ($3.5m) — ($3.8m) $14.8m
Share-based Payment Arrangement, Noncash Expense — — — — — $32.5m $34.2m $37.7m
Adjustments For Share-Based Payments — $3.1m $8.2m $35.9m $27.1m — — —
Equity settled share-based payment expenses $666k $3.1m $8.2m $35.9m $27.1m — — —
Gain (Loss) on Extinguishment of Debt — — — — — $0 ($3.9m) $0
Income Tax Expense (Benefit) — — — — — ($5.6m) ($1.9m) $16.4m
Interest Expense Nonoperating — — — — — — $18.8m $12.2m
Other Nonoperating Income (Expense) — — — — — ($897k) $14.2m $19.7m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — — — — $17.9m $12.3m $7.3m
Increase (Decrease) in Accounts Payable — — — — — $2.6m $7.3m ($2.5m)
Proceeds from Stock Options Exercised — — — — — $34.3m $6.8m $12.4m
Adjustments For Current Tax Of Prior Period — $43k ($100k) $370k $20k — — —
Adjustments For Decrease Increase In Trade Account Receivable — $1.8m ($532k) ($5.1m) ($32.1m) — — —
Adjustments For Increase Decrease In Trade Account Payable — $9.9m ($3.8m) $9.5m $38.7m — — —
Adjustments For Unrealised Foreign Exchange Losses Gains — ($618k) ($787k) $586k ($6.0m) — — —
Foreign Currency Transaction Gain (Loss), before Tax — — — — — ($13.2m) ($3.4m) $2.2m
Foreign Currency Transaction Gain (Loss), Unrealized — — — — — ($13.8m) ($599k) $6.4m
Interest Received Classified As Operating Activities — $1.5m $676k — — — — —
Investment Income, Interest — — — — — $18.0m $25.6m $16.5m
Marketable Securities, Unrealized Gain (Loss) — — — — — — $14.6m $19.7m
Payments Of Lease Liabilities Classified As Financing Activities — $4.0m $4.4m $3.2m $3.2m — — —
Proceeds from Contributed Capital — — — — — $0 $0 $0
Purchase Of Intangible Assets Classified As Investing Activities — $198k $0 $0 $410k — — —
Repayments Of Borrowings Classified As Financing Activities — — — — $43.5m — — —
Loss for the year ($71.6m) ($103.9m) ($74.1m) ($131.5m) ($41.2m) — — —
Net finance costs ($298k) $7.9m $1.2m $5.8m $4.5m — — —
Foreign exchange movements $1.2m ($618k) ($787k) $586k ($6.0m) — — —
Other — — ($2.9m) $165k $67k — — —
Income tax credit ($16.5m) ($22.3m) ($13.3m) ($9.4m) ($2.9m) — — —
Increase in receivables and other non-current assets ($1.5m) $1.8m ($532k) ($5.1m) ($32.1m) — — —
Increase in trade and other payables $5.3m $9.9m ($3.8m) $9.5m $38.7m — — —
Decrease in deferred revenue — — ($24.5m) ($21.1m) ($20.1m) — — —
Other working capital movements — — ($41k) ($150k) $577k — — —
Cash used in operations ($17.3m) ($116.4m) ($101.5m) ($108.5m) ($25.3m) — — —
Purchase of intangible assets ($51k) ($198k) $0 $0 ($410k) — — —
Proceeds from investment in sub-leases $0 $57k $378k $549k $0 — — —
Gross proceeds from issue of share capital $0 $59.9m $83.2m $226.5m $116.8m — — —
Costs from issue of share capital $0 ($738k) ($176k) ($15.5m) ($388k) — — —
Exercise of share options $101k $27k $73k $952k $8.1m — — —
Non-current interest-bearing loan received $0 $0 $37.5m $0 $43.5m — — —
Repayment of principal loan liability — — $0 $0 ($43.5m) — — —
Early settlement and other loan fees — — $0 $0 ($3.3m) — — —
Repayment of lease liabilities $0 ($4.0m) ($4.4m) ($3.2m) ($3.2m) — — —
Net foreign exchange difference on cash held $13k ($33k) ($84k) $16k $5.9m — — —
Leasehold incentives $34.1m $0 $2.5m $0 — — — —
Beginning Cash Position — — — — — $402.5m $442.6m $455.7m
Cash Flow From Continuing Financing Activities — — — — — $34.3m $343.9m $12.4m
Cash Flow From Continuing Investing Activities — — — — — ($5.4m) ($355.1m) ($16.3m)
Change In Account Payable — — — — $4.9m $2.6m $7.3m ($2.5m)
Change In Accrued Expense — — — — $41.8m $39.1m $71.5m $15.9m
Change In Other Current Assets — — — — ($4.7m) — ($4.2m) ($6.2m)
Change In Other Current Liabilities — — — — $356k ($3.6m) ($1.6m) ($2.1m)
Change In Other Working Capital — — — — — ($8.0m) ($1k) ($387k)
Change In Payable — — — — — $2.6m $7.3m ($2.5m)
Change In Payables And Accrued Expense — — — — — $41.7m $78.8m $13.4m
Change In Prepaid Assets — — — — ($14.7m) $8.5m ($11.6m) ($6.7m)
Change In Receivables — — — — — ($17.9m) ($12.3m) ($7.3m)
Change In Working Capital — — — — — — $49.0m ($9.3m)
Changes In Account Receivables — — — — ($26.3m) ($17.9m) ($12.3m) ($7.3m)
Changes In Cash — — — — — $31.9m $14.8m ($14.7m)
End Cash Position — — — — — $442.6m $455.7m $467.7m
Financing Cash Flow — — — — — $34.3m $343.9m $12.4m
Free Cash Flow — — — — — ($2.5m) $20.9m ($15.1m)
Investing Cash Flow — — — — — ($5.4m) ($355.1m) ($16.3m)
Issuance Of Capital Stock — — — — — $0 $0 $0
Net Foreign Currency Exchange Gain Loss — — — — — $13.8m $599k ($6.4m)
Net Intangibles Purchase And Sale — — — $0 ($496k) — — —
Net PPE Purchase And Sale — — — — — ($5.4m) ($5.1m) ($4.3m)
Operating Gains Losses — — — — — $13.8m $4.5m ($6.4m)
Other Non Cash Items — — — — — $2.1m $3.8m $4.5m
Proceeds From Stock Option Exercised — — — — — $34.3m $6.8m $12.4m
Purchase Of Intangibles — — — $0 ($496k) — — —
Purchase Of PPE — — — — — ($5.4m) ($5.2m) ($4.3m)
Sale Of PPE — — — — — $0 $44k $0
Stock Based Compensation — — — — — $32.5m $34.2m $37.7m
Unrealized Gain Loss On Investment Securities — — — — — — ($14.6m) ($19.7m)
Profit or Loss — ($103.9m) ($74.1m) ($131.5m) ($41.2m) — — —
Net Cash Provided by (Used in) Operating Activities ($16.6m) ($101.4m) ($60.6m) ($96.1m) ($25.9m) $2.9m $26.1m ($10.7m)
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($3.5m) ($4.1m) ($3.1m) ($1.0m) ($1.8m) $5.4m $5.2m $4.3m
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities $0 $82k $675k $77k $5k — — —
Net Investment Purchase And Sale — — — — — — ($350.0m) ($12.0m)
Purchase Of Investment — — — — — — ($350.0m) ($30.0m)
Sale Of Investment — — — — — — $0 $18.0m
Other investing activities — — $3.2m $15k $2.4m — — —
Net Other Investing Changes — — — $20k $2.9m — — —
Net cash flows from / (used in) investing activities $58.0m ($4.1m) $467k ($367k) $193k — — —
Net Cash Provided by (Used in) Investing Activities — — — — — ($5.4m) ($355.1m) ($16.3m)
Cash flows from financing activities:
Issuance Of Debt — — — — — $0 $402.5m $0
Long Term Debt Issuance — — — — — $0 $402.5m $0
Net Issuance Payments Of Debt — — — — — $0 $352.5m $0
Net Long Term Debt Issuance — — — — — $0 $352.5m $0
Long Term Debt Payments — — — — — $0 ($50.0m) $0
Repayment Of Debt — — — — — $0 ($50.0m) $0
Common Stock Issuance — — — — — $0 $0 $0
Net Common Stock Issuance — — — — — $0 $0 $0
Dividends Paid Ordinary Shares Per Share — — $0.01 — — — — —
Cash Dividends Paid — — — $0 $0 — — —
Net Other Financing Charges — — — ($21.0m) — — ($15.4m) —
Net cash flows from financing activities $101k $55.1m $115.9m $204.6m $114.5m — — —
Net Cash Provided by (Used in) Financing Activities — — — — — $34.3m $343.9m $12.4m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — $8.3m ($1.7m) $26.7m
Effect Of Exchange Rate Changes — — — — — $8.3m ($1.7m) $26.7m
Increase in net cash and cash equivalents $41.5m ($50.4m) $55.8m $108.2m $88.8m — — —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — $442.6m $455.7m $467.7m
Cash and cash equivalents at beginning of the year $124.4m $74.0m $129.7m $237.9m $332.5m — — —
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $14.8m ($14.7m)
Interest paid on non-current interest-bearing loans $0 $0 ($291k) ($4.1m) ($3.6m) — — —
Income Taxes Paid, Net ($66k) $13.5m $40.3m $12.4m ($618k) ($977k) $510k $4.6m
Income Taxes Paid Refund Classified As Operating Activities ($66k) $13.5m $40.3m $12.4m ($618k) $977k $510k $4.6m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.