Ares Dynamic Credit Allocation Fund (ARDC) Cash Flow Statement

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Operating activities:
Net loss	-40.92M
Adjustments to reconcile net loss to net cash (used for) provided by operating activities:
Share-based compensation	3.06M
Depreciation and amortization	244K
Amortization of debt discount and debt issuance costs	0
Deferred rent	-3K
Amortization of premium on short term investments, net	315K
Realized gain on short-term investments	-3K
Change in operating assets and liabilities:
Receivables	-599K
Prepaids and other assets	-4.34M
Accounts payable	2.09M
Accrued clinical liabilities	941K
Accrued payroll and employee liabilities	-516K
Other accrued liabilities	114K
Deferred revenue	-1.08M
Net cash used for operating activities	-40.7M
Investing activities:
Purchases of short-term investments	-67.63M
Proceeds from sale or maturity of short-term investments	34.65M
Proceeds from sale of property and equipment	0
Purchases of property and equipment	-105K
Net cash used for investing activities	-33.08M
Financing activities:
Payments on long-term debt	-18K
Net proceeds from issuance of common stock	158.1M
Net cash provided by financing activities	158.08M
Net increase (decrease) in cash and cash equivalents	84.3M
Cash and cash equivalents at beginning of period	4.44M
Cash and cash equivalents at end of period	88.74M
Supplemental disclosure of cash flow information:
Interest paid	10K
Supplemental schedule of non-cash information:
Net unrealized loss on short-term investments	-20K

Entities mentioned with ARDC