Ligand Pharmaceuticals Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Mar '25 Mar 31, 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	-46.26	13.63	90.99	63.78	42.13	-86.21	Upgrade
Depreciation & Amortization	33.98	33.98	64.03	14.62	21.61	38.19	Upgrade
Other Amortization	45.28	45.28	0.62	53.6	54.84	48.95	Upgrade
Loss (Gain) From Sale of Assets	-0.01	-0.01	-0.03	-0.11	-0.08	-0.28	Upgrade
Asset Writedown & Restructuring Costs	0.01	0.01	13.11	0.15	29.25	13.26	Upgrade
Loss (Gain) From Sale of Investments	-11.56	-11.56	-8.15	-56.51	-49.85	-28.9	Upgrade
Stock-Based Compensation	4.92	4.92	7.85	-	-	-	Upgrade
Provision & Write-off of Bad Debts	69.61	69.61	27.61	12.83	10.31	4.16	Upgrade
Other Operating Activities	160.57	4.26	1.08	0.69	-0.02	5.99	Upgrade
Change in Accounts Receivable	-236.88	-236.88	-292.89	-66.3	-165.51	-58.94	Upgrade
Change in Inventory	114.91	114.91	339.6	-208.31	-124.36	-44.07	Upgrade
Change in Accounts Payable	-318.78	-318.78	-206.39	403.9	262.41	323.56	Upgrade
Change in Other Net Operating Assets	0.47	0.47	-	-	-	-	Upgrade
Operating Cash Flow	-191.99	-288.41	27.15	213.11	67.76	213	Upgrade
Operating Cash Flow Growth	-	-	-87.26%	214.52%	-68.19%	150.98%	Upgrade
Capital Expenditures	-64.16	-58.48	-38.48	-939.83	-40.48	-47.18	Upgrade
Sale of Property, Plant & Equipment	0.04	0.04	0.39	0.71	2.18	7.14	Upgrade
Cash Acquisitions	-	-	-0.9	-	-	-	Upgrade
Investment in Securities	-	-	280.12	-	874.8	-441.87	Upgrade
Other Investing Activities	-	-	-	-	44.05	237.96	Upgrade
Investing Cash Flow	-64.13	-58.45	241.13	-939.13	880.55	-243.94	Upgrade
Common Dividends Paid	-11.34	-11.34	-9.72	-	-	-9.7	Upgrade
Other Financing Activities	1.88	1.88	-34.68	30.97	-2.43	-2.44	Upgrade
Financing Cash Flow	-9.47	-9.47	-44.4	30.97	-2.43	-12.14	Upgrade
Net Cash Flow	-265.58	-356.32	223.88	-695.05	945.88	-43.08	Upgrade
Free Cash Flow	-256.15	-346.89	-11.33	-726.73	27.28	165.83	Upgrade
Free Cash Flow Growth	-	-	-	-	-83.55%	704.58%	Upgrade
Free Cash Flow Margin	-14.97%	-18.55%	-0.44%	-35.04%	1.49%	12.48%	Upgrade
Free Cash Flow Per Share	-0.75	-1.02	-0.04	-2.25	0.08	0.52	Upgrade
Cash Income Tax Paid	2.31	-	-	25.4	41.02	49.55	Upgrade
Levered Free Cash Flow	-138.25	-249.74	-61.01	-959.53	-103.5	310.43	Upgrade
Unlevered Free Cash Flow	-138.25	-249.74	-60.53	-959.33	-103.17	310.73	Upgrade

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.