← Immunocore Holdings plc
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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) | ($18.1m) | |
| Profit or Loss | — | ($103.9m) | ($74.1m) | ($131.5m) | ($41.2m) | — | — | — | — | |
| Other Adjustments To Reconcile Profit Loss | — | — | ($2.9m) | $165k | $67k | — | — | — | — | |
| Depreciation, Depletion and Amortization | $6.4m | $6.5m | $6.4m | $5.5m | $6.1m | $4.1m | $4.2m | $3.1m | $3.6m | |
| Depreciation | $6.4m | $6.5m | $6.4m | $5.5m | $6.1m | $4.1m | $4.2m | $3.3m | $3.6m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | ($3.5m) | $5.8m | ($3.8m) | $14.8m | $14.8m | |
| Adjustments For Deferred Tax Of Prior Periods | — | ($500k) | ($379k) | $18k | ($150k) | — | — | — | — | |
| Deferred Tax | — | — | — | — | ($3.5m) | — | ($3.8m) | $14.8m | $14.8m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | $32.5m | $34.2m | $37.7m | $33.9m | |
| 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 | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | ($897k) | $14.2m | $19.7m | — | |
| Changes in operating assets and liabilities: | ||||||||||
| Change In Working Capital | — | — | — | — | — | — | $49.0m | ($9.3m) | ($50.9m) | |
| Increase (Decrease) in Accounts Receivable | — | — | — | — | — | $17.9m | $12.3m | $7.3m | ($26.5m) | |
| Increase in receivables and other non-current assets | ($1.5m) | $1.8m | ($532k) | ($5.1m) | ($32.1m) | — | — | — | — | |
| Change In Receivables | — | — | — | — | — | ($17.9m) | ($12.3m) | ($7.3m) | ($26.5m) | |
| Changes In Account Receivables | — | — | — | — | ($26.3m) | ($17.9m) | ($12.3m) | ($7.3m) | ($26.5m) | |
| Increase (Decrease) in Accounts Payable | — | — | — | — | — | $2.6m | $7.3m | ($2.5m) | $2.3m | |
| Increase in trade and other payables | $5.3m | $9.9m | ($3.8m) | $9.5m | $38.7m | — | — | — | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | $41.7m | $78.8m | $13.4m | $2.3m | |
| Decrease in deferred revenue | — | — | ($24.5m) | ($21.1m) | ($20.1m) | — | — | — | — | |
| Change In Accrued Expense | — | — | — | — | $41.8m | $39.1m | $71.5m | $15.9m | $11.8m | |
| Change In Other Current Assets | — | — | — | — | ($4.7m) | — | ($4.2m) | ($6.2m) | ($10.3m) | |
| Change In Other Current Liabilities | — | — | — | — | $356k | ($3.6m) | ($1.6m) | ($2.1m) | ($3.8m) | |
| Net Cash Provided by (Used in) Operating Activities | ($16.6m) |
($101.4m)
-509.74%
|
($60.6m)
+40.25%
|
($96.1m)
-58.67%
|
($25.9m)
+73.06%
|
$2.9m
+111.36%
|
$26.1m
+786.43%
|
($10.7m)
-141.10%
|
($35.0m)
-226.34%
|
|
| 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 | ($6.2m) | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | $0 | $82k | $675k | $77k | $5k | — | — | — | — | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | — | — | — | — | $14.6m | $19.7m | — | |
| 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) | $7.8m | |
| Cash flows from financing activities: | ||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | $0 | ($3.9m) | $0 | — | |
| Repayments Of Borrowings Classified As Financing Activities | — | — | — | — | $43.5m | — | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | $0 | $402.5m | $0 | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $402.5m | $0 | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $0 | $352.5m | $0 | ($50.0m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | $0 | $352.5m | $0 | ($50.0m) | |
| Long Term Debt Payments | — | — | — | — | — | $0 | ($50.0m) | $0 | $0 | |
| Repayment Of Debt | — | — | — | — | — | $0 | ($50.0m) | $0 | $0 | |
| Issuance Of Capital Stock | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Common Stock Issuance | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Dividends Paid Ordinary Shares Per Share | — | — | $0.01 | — | — | — | — | — | — | |
| Cash Dividends Paid | — | — | — | $0 | $0 | — | — | — | — | |
| Net Other Financing Charges | — | — | — | ($21.0m) | — | — | ($15.4m) | — | ($15.4m) | |
| Net cash flows from financing activities | $101k |
$55.1m
+54481.19%
|
$115.9m
+110.32%
|
$204.6m
+76.50%
|
$114.5m
-44.07%
|
— | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | — | — | — | — | — | $34.3m |
$343.9m
+901.23%
|
$12.4m
-96.40%
|
$23.3m
+88.27%
|
|
| Beginning Cash Position | — | — | — | — | — | $402.5m | $442.6m | $455.7m | $487.9m | |
| Cash and cash equivalents at beginning of the year | $124.4m | $74.0m | $129.7m | $237.9m | $332.5m | — | — | — | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $8.3m | ($1.7m) | $26.7m | $849k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $442.6m | $455.7m | $467.7m | $484.1m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | $8.3m | ($1.7m) | $26.7m | $849k | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Income Tax Expense (Benefit) | — | — | — | — | — | ($5.6m) | ($1.9m) | $16.4m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | $18.8m | $12.2m | — | |
| Additional Financial Items | ||||||||||
| 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 | — | |
| 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 | — | — | — | — | |
| 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) | — | — | — | — | |
| Income tax credit | ($16.5m) | ($22.3m) | ($13.3m) | ($9.4m) | ($2.9m) | — | — | — | — | |
| 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 | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | $34.3m | $343.9m | $12.4m | $23.3m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($5.4m) | ($355.1m) | ($16.3m) | $7.8m | |
| Change In Account Payable | — | — | — | — | $4.9m | $2.6m | $7.3m | ($2.5m) | $2.3m | |
| Change In Other Working Capital | — | — | — | — | — | ($8.0m) | ($1k) | ($387k) | ($582k) | |
| Change In Payable | — | — | — | — | — | $2.6m | $7.3m | ($2.5m) | $2.3m | |
| Change In Prepaid Assets | — | — | — | — | ($14.7m) | $8.5m | ($11.6m) | ($6.7m) | ($23.8m) | |
| Changes In Cash | — | — | — | — | — | $31.9m | $14.8m | ($14.7m) | ($3.9m) | |
| End Cash Position | — | — | — | — | — | $442.6m | $455.7m | $467.7m | $484.1m | |
| Financing Cash Flow | — | — | — | — | — | $34.3m |
$343.9m
+901.23%
|
$12.4m
-96.40%
|
$23.3m
+88.27%
|
|
| Free Cash Flow | — | — | — | — | — | ($2.5m) | $20.9m | ($15.1m) | ($41.2m) | |
| Investing Cash Flow | — | — | — | — | — | ($5.4m) | ($355.1m) | ($16.3m) | $7.8m | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | $13.8m | $599k | ($6.4m) | ($8.5m) | |
| Net Intangibles Purchase And Sale | — | — | — | $0 | ($496k) | — | — | — | ($1.6m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($5.4m) | ($5.1m) | ($4.3m) | ($6.2m) | |
| Operating Gains Losses | — | — | — | — | — | $13.8m | $4.5m | ($6.4m) | ($8.5m) | |
| Other Non Cash Items | — | — | — | — | — | $2.1m | $3.8m | $4.5m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $34.3m | $6.8m | $12.4m | $23.3m | |
| Purchase Of Intangibles | — | — | — | $0 | ($496k) | — | — | — | ($1.6m) | |
| Purchase Of PPE | — | — | — | — | — | ($5.4m) | ($5.2m) | ($4.3m) | ($6.2m) | |
| Sale Of PPE | — | — | — | — | — | $0 | $44k | $0 | $0 | |
| Stock Based Compensation | — | — | — | — | — | $32.5m | $34.2m | $37.7m | $33.9m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | ($14.6m) | ($19.7m) | ($14.4m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($350.0m) | ($12.0m) | $14.0m | |
| Purchase Of Investment | — | — | — | — | — | — | ($350.0m) | ($30.0m) | $0 | |
| Sale Of Investment | — | — | — | — | — | — | $0 | $18.0m | $14.0m | |
| Increase in net cash and cash equivalents | $41.5m | ($50.4m) | $55.8m | $108.2m | $88.8m | — | — | — | — | |
| 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 | — |