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Consolidated Statement of Cash Flows of Immatics N.V. - EUR (€)
€ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net profit/(loss) € (96,994) € 37,514 € (93,335)
Taxes on income 0 4,522 0
Profit/(loss) before tax (96,994) 42,036 (93,335)
Adjustments for:      
Interest income (13,845) (2,476) (133)
Depreciation and amortization 7,234 6,967 5,260
Interest expenses 831 1,038 566
Equity settled share-based payment 20,705 22,570 26,403
Net foreign exchange differences and expected credit losses 6,861 2,953 (2,408)
Change in fair value of liabilities for warrants 2,079 (10,945) 10,990
(Gains)/losses from disposal of fixed assets (150)    
Changes in:      
(Increase)/decrease in accounts receivables (2,982) (429) 569
(Increase)/decrease in other assets (1,387) (7,872) (483)
Increase/(decrease) in deferred revenue, accounts payables and other liabilities 85,999 45,559 (31,784)
Interest received 10,167 1,649 175
Interest paid (290) (695) (566)
Income tax paid   (224)  
Net cash provided by/(used in) operating activities 18,228 100,131 (84,746)
Cash flows from investing activities      
Payments for property, plant and equipment (30,799) (5,738) (5,106)
Payments for intangible assets (158) (477) (551)
Proceeds from disposal of property, plant and equipment 150 52  
Payments for investments classified in Other financial assets (415,325) (216,323) (11,298)
Proceeds from maturity of investments classified in Other financial assets 414,744 12,695 24,448
Net cash (used in)/provided by investing activities (31,388) (209,791) 7,493
Cash flows from financing activities      
Proceeds from issuance of shares to equity holders 90,404 134,484 94
Transaction costs deducted from equity (2,039) (7,931) 0
Repayment of lease liabilities (3,849) (2,843) (2,707)
Net cash provided by/(used in) financing activities 84,516 123,710 (2,613)
Net increase/(decrease) in cash and cash equivalents 71,356 14,050 (79,866)
Cash and cash equivalents at beginning of the year 148,519 132,994 207,530
Effects of exchange rate changes and expected credit losses on cash and cash equivalents (1,403) 1,475 5,330
Cash and cash equivalents at end of the year € 218,472 € 148,519 € 132,994