Ligand Pharmaceuticals Cash Flow Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Net Income	55.09	52.41	45.19	32.29	27.21	-69.68	Upgrade
Depreciation & Amortization	5.66	5.52	5.84	7.11	6.74	6.94	Upgrade
Gain (Loss) on Sale of Investments	-1.68	-0.87	0.1	0.31	0.22	0.56	Upgrade
Total Asset Writedown	1	1	-	0.8	0.54	-	Upgrade
Provision for Credit Losses	45.66	41.7	38.7	46.17	44.86	136.46	Upgrade
Change in Trading Asset Securities	-11.1	-6.53	-0.11	7.2	-1.87	1.07	Upgrade
Change in Other Net Operating Assets	-286.28	-394.97	-92.97	-456.01	-371.51	-58.43	Upgrade
Other Operating Activities	15.13	6.64	5.08	-1.82	0.95	1.13	Upgrade
Operating Cash Flow	-180.18	-298.75	-1.23	-367.34	-295.3	16.07	Upgrade
Operating Cash Flow Growth	-	-	-	-	-	90.27%	Upgrade
Capital Expenditures	-8.44	-8.47	-15.27	-7.4	-3	-3.79	Upgrade
Investment in Securities	-94.06	-292.2	-141.8	-305.34	-249.88	-98.3	Upgrade
Income (Loss) Equity Investments	-3.66	-3.65	-3.05	-3.38	-2.43	-1.97	Upgrade
Other Investing Activities	2.03	1.79	1.64	1.64	1.07	1.45	Upgrade
Investing Cash Flow	-100.48	-298.87	-155.43	-311.11	-251.81	-100.64	Upgrade
Long-Term Debt Issued	-	-	234.51	252.7	49.42	-	Upgrade
Long-Term Debt Repaid	-	-	-	-153.33	-	-	Upgrade
Net Debt Issued (Repaid)	53.94	-	234.51	99.37	49.42	-	Upgrade
Issuance of Common Stock	91.56	91.56	100	-	-	-	Upgrade
Repurchase of Common Stock	-	-	-92.67	-	-	-	Upgrade
Common Dividends Paid	-27.78	-21.23	-20.89	-15.15	-6.6	-17.96	Upgrade
Net Increase (Decrease) in Deposit Accounts	381.69	907.57	-432.83	850.54	432.92	148.15	Upgrade
Other Financing Activities	-0.58	-0.58	-0.2	-	-	-	Upgrade
Financing Cash Flow	498.84	977.32	-212.09	934.76	475.74	130.19	Upgrade
Foreign Exchange Rate Adjustments	-12.96	-74.56	-33.22	-33.18	-1.18	2.61	Upgrade
Net Cash Flow	205.22	305.13	-401.95	223.13	-72.55	48.23	Upgrade
Free Cash Flow	-188.63	-307.22	-16.49	-374.75	-298.3	12.28	Upgrade
Free Cash Flow Growth	-	-	-	-	-	438.21%	Upgrade
Free Cash Flow Margin	-118.08%	-194.33%	-11.33%	-299.94%	-274.54%	246.58%	Upgrade
Free Cash Flow Per Share	-0.07	-0.12	-0.01	-0.18	-0.15	0.01	Upgrade
Cash Interest Paid	316.07	316.07	257.24	131.04	92.35	110.9	Upgrade
Cash Income Tax Paid	-	3.91	5.69	10.97	7.15	4.09	Upgrade

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.