Akili, Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 10 months to Dec 31, 2021
Cash flows from operating activities:
Net loss
Adjustments to reconcile net loss to net cash used in operating activities:
Formation costs paid by Sponsor in exchange for issuance of Founder Shares
Interest earned on marketable securities held in Trust Account
Depreciation and amortization
Reduction in the carrying amount of right-of-use assets
Impairment loss on sublease
Stock-based compensation expense
Loss on disposal of fixed assets
Amortization of premium on short-term investments
Non Cash Interest Expense
Change in fair value of earn-out liabilities
Changes in operating assets and liabilities:
Prepaid expenses
Accounts payable and accrued expenses
Accounts receivable
Prepaid expenses and other current assets
Prepaid expenses and other long-term assets
Accounts payable
Accrued expenses and other current liabilities
Other long term liabilities
Deferred rent and other long term liabilities
Operating lease liabilities
Deferred revenue
Net cash used in operating activities
Cash flows from investing activities:
Investment of cash into Trust Account
Acquisition of property and equipment
Capitalized software development costs
Purchases of short-term investments
Proceeds from maturities of short-term investments
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Proceeds from sale of Public Shares, net of underwriting discounts paid
Proceeds from sale of Private Placement Shares
Advances from related party
Repayment of advances from related party
Proceeds from exercise of stock options
Proceeds from note payable
Proceeds from business combination net of transaction costs paid
Taxes paid related to net share settlement of share-based awards
Repayment of principal on note payable
Payment of offering costs
Net cash provided by (used in) financing activities
Net Change in Cash
Cash – Beginning of period (inception)
Cash – End of period
Offering costs paid by Sponsor in exchange for issuance of Founder Shares
Remeasurement of Class A ordinary share subject to possible redemption
Deferred underwriting fee payable
Forfeiture of Founder Shares
Net increase (decrease) in cash, cash equivalents, and restricted cash
Cash, cash equivalents, and restricted cash at beginning of period
Cash, cash equivalents, and restricted cash at end of period
Supplementary Information:
Cash paid for income taxes
Cash paid for interest
Noncash investing and financing activities:
Deferred asset for fees related to undrawn debt included in accrued expenses
Common stock warrants issued related to note payable
Redemption value of Series D preferred stock
Dividends accrued for Series D preferred stock
Recognition of liabilities for Earn-Out Shareholders
Net liabilities assumed in the business combination

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