DURECT CORP (DRRX) [Rocket]

In millions, except per share items	Dec-31-22	Dec-05-22	Dec-31-21	Dec-05-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17
	10-K	8-K	10-K	8-K	10-K	10-K	10-K	10-K
Net income	-35.3	-35.3	-36.3	-36.3	-0.6	-21.4	-25.3	-3.7
Depreciation and amortization	0.1		0.3		0.3	0.3	0.3	0.4
Asset impairment charges						0.3	0.3	2.3
Stock-based compensation						2.1	3.0	2.6
Change in working capital [+]	1.2		2.3		-2.0	8.8	6.9	-43.3
Accounts receivable						-0.6	0.6	-1.2
Inventories						-0.2	-0.5	-0.1
Other current assets						0.8	0.0	-1.1
Accounts payable						0.5	0.1	-0.6
Accrued expenses						5.1	1.6	1.6
Other	1.2		2.3		-2.0	3.1	5.1	-41.9
Other operating activities	7.8		-3.6		-36.4	21.0	-4.8	40.4
Cash from operations	-26.3		-37.3		-38.7	11.1	-19.8	-1.3

Capital expenditures	0.1		0.2		0.2	-0.2	-0.1	-0.1
Purchases of property and equipment	0.1		0.2		0.2	-0.2	-0.1	-0.1
Sales of short-term investments, net [+]	19.9		105.1		99.8	-27.2	4.6	12.3
Purchases of short-term investments			52.3		45.1	-31.9	-9.6	-8.4
Sales of short-term investments	19.9		52.8		54.7	4.7	14.2	20.6
Other cash from investing	-0.2		-90.0		-90.5			0.5
Cash from investing	19.8		15.3		9.4	-27.3	4.5	12.7

Issuance of common stock, net	0.0		47.7		12.3	18.4	16.8	12.0
Option exercises	0.1		3.6		3.4	2.0	1.7	0.6
Other cash from financing	0.1		6.5		6.8	3.1	2.4	1.3
Cash from financing	0.1		50.5		15.7	19.5	17.5	12.6

Free cash flow	-26.2		-37.1		-38.5	10.9	-19.8	-1.4
Per share (diluted)	($1.15)		($1.65)		($1.93)	$0.06	($0.12)	($0.01)

Cash paid for interest	1.8		1.6		1.7	1.9	1.9	1.7