Madrigal Pharmaceuticals, Inc. (BIT:1MDGL)

Madrigal Pharmaceuticals Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-281.9	-465.89	-373.63	-295.35	-241.85	-202.24
Depreciation & Amortization	1.13	0.7	0.53	0.47	0.41	0.47
Stock-Based Compensation	81.66	79.88	49.74	31.63	26.87	20.73
Other Adjustments	1.77	2.09	2.41	0.8	-	-
Change in Receivables	-72.33	-53.82	-	-	-	-
Changes in Inventories	-56.43	-34.07	-	-	-	-
Changes in Accounts Payable	28.98	15.56	4.21	2.45	20.36	-0.16
Changes in Accrued Expenses	41.87	34.72	-1.48	36.41	9.83	21.59
Changes in Other Operating Activities	-53.11	-34.73	-6.01	-1.26	0.46	2.06
Operating Cash Flow	-307.41	-455.57	-324.23	-224.86	-183.92	-157.56
Capital Expenditures	-	-1.46	-1.48	-0.22	-0.21	-0.33
Purchases of Intangible Assets	-	-5	-	-	-	-
Purchases of Investments	-1,123	-1,131	-834.44	-143.48	-394.12	-329.34
Proceeds from Sale of Investments	1,085	863.28	333.4	350.38	389.27	489.46
Investing Cash Flow	-38.61	-274.39	-502.52	206.69	-5.06	159.78
Long-Term Debt Issued	-	-	65	50	-	-
Net Long-Term Debt Issued (Repaid)	-	-	65	50	-	-
Issuance of Common Stock	37.64	735.06	530.48	264.34	171.24	5.09
Net Common Stock Issued (Repurchased)	37.64	735.06	530.48	264.34	171.24	5.09
Other Financing Activities	-	-	-0.36	-0.89	-	-
Financing Cash Flow	37.61	735.06	595.12	313.45	171.24	5.09
Net Cash Flow	-308.4	5.1	-231.63	295.28	-17.74	7.31
Beginning Cash & Cash Equivalents	499.6	99.92	331.55	36.27	54	46.7
Ending Cash & Cash Equivalents	191.19	105.02	99.92	331.55	36.27	54
Free Cash Flow	-307.41	-457.03	-325.71	-225.07	-184.13	-157.9
Free Cash Flow Per Share	-13.98	-21.48	-17.43	-13.13	-11.14	-10.22
Levered Free Cash Flow	-319.46	-485.18	-312.86	-207.5	-211	-178.63
Unlevered Free Cash Flow	-862.92	-697.3	-384.72	-255.72	-211.64	-183.05

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.