Agenus Inc. (AGEN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
3 FORBES ROAD LEXINGTON, MA 02421 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2836 - Biological Products, Except Diagnostic Substances (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 193,400 | 306,900 | 99,871 | 61,808 | 53,100 | 60,200 | |||
| Cash and cash equivalents | 178,674 | 291,931 | 99,871 | 61,808 | 53,054 | 60,187 | |||
| Short-term investments | 14,684 | 14,992 | |||||||
| Other undisclosed cash, cash equivalents, and short-term investments | 42 | (23) | 46 | 13 | |||||
| Receivables | 2,741 | 1,518 | 1,157 | 16,293 | 938 | 1,134 | |||
| Inventory, net of allowances, customer advances and progress billings | 55 | 79 | |||||||
| Inventory | 55 | 79 | |||||||
| Prepaid expense | 13,829 | 20,362 | 10,746 | 7,420 | 19,265 | 11,071 | |||
| Other current assets | 3,194 | 3,171 | 2,009 | 1,015 | 1,496 | 1,082 | |||
| Other undisclosed current assets | (42) | 23 | (46) | (13) | |||||
| Total current assets: | 213,122 | 331,974 | 113,783 | 86,536 | 74,808 | 73,554 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 31,269 | 31,054 | 33,480 | 7,364 | ✕ | ✕ | |||
| Property, plant and equipment | 133,017 | 60,029 | 26,790 | 26,326 | 25,116 | 26,179 | |||
| Intangible assets, net (including goodwill) | 31,695 | 33,364 | 36,338 | 33,692 | 35,263 | 37,455 | |||
| Goodwill | 25,467 | 24,876 | 25,452 | 23,188 | 22,925 | 23,049 | |||
| Intangible assets, net (excluding goodwill) | 6,228 | 8,488 | 10,886 | 10,504 | 12,338 | 14,407 | |||
| Other noncurrent assets | 4,453 | 9,537 | 4,123 | 1,417 | 1,214 | 1,214 | |||
| Total noncurrent assets: | 200,434 | 133,984 | 100,731 | 68,799 | 61,593 | 64,848 | |||
| TOTAL ASSETS: | 413,556 | 465,958 | 214,514 | 155,335 | 136,401 | 138,402 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 79,198 | 72,577 | 46,072 | 44,896 | 38,175 | 29,656 | |||
| Accounts payable | 40,939 | 30,486 | 17,015 | 13,564 | 13,624 | 8,087 | |||
| Accrued liabilities | 38,259 | 42,091 | 29,057 | 31,332 | 24,551 | 21,569 | |||
| Deferred revenue | 12,269 | 12,425 | 17,186 | 29,174 | ✕ | ✕ | |||
| Debt | 8,527 | 1,063 | 1,579 | 2,141 | 146 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 4,485 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 1,814 | ✕ | ||
| Other liabilities | 11,457 | 6,546 | 6,481 | 185 | 484 | 1,657 | |||
| Other undisclosed current liabilities | 77,501 | 64,332 | 58,566 | 45,813 | 27,443 | 20,640 | |||
| Total current liabilities: | 188,952 | 156,943 | 129,884 | 122,209 | 68,062 | 56,438 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 24,854 | 55,250 | 53,010 | 21,400 | 13,212 | 142,385 | |||
| Long-term debt, excluding current maturities | 12,584 | 12,823 | 18,879 | 13,380 | 13,212 | 142,385 | |||
| Finance lease, liability | 12,270 | 318 | 66 | ✕ | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | (0) | ||||||||
| Liabilities, other than long-term debt | 79,169 | 14,466 | 40,004 | 40,738 | 6,977 | 15,395 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7,748 | ||
| Deferred revenue | 1,143 | 11,200 | 28,282 | 27,705 | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 1,165 | ✕ | ||
| Other liabilities | 13,826 | 1,577 | 1,514 | 4,190 | 2,773 | 3,273 | |||
| Operating lease, liability | 63,326 | 42,109 | 34,065 | 8,020 | ✕ | ✕ | |||
| Business combination, contingent consideration, liability | 874 | 1,689 | 10,208 | 8,843 | 3,038 | 4,373 | |||
| Other undisclosed noncurrent liabilities | 175,483 | 191,390 | 203,114 | 202,325 | 222,696 | ||||
| Total noncurrent liabilities: | 279,506 | 261,106 | 296,128 | 264,463 | 242,884 | 157,780 | |||
| Total liabilities: | 468,458 | 418,049 | 426,012 | 386,672 | 310,946 | 214,218 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (61,278) | 34,440 | (203,672) | (225,356) | (172,467) | (75,816) | |||
| Common stock | 3,056 | 2,569 | 1,961 | 1,378 | 1,200 | 1,017 | |||
| Additional paid in capital | 1,644,658 | 1,520,212 | 1,257,502 | 1,059,583 | 1,005,183 | 951,812 | |||
| Accumulated other comprehensive income (loss) | 915 | 1,492 | 2,772 | (1,324) | (1,539) | (2,169) | |||
| Accumulated deficit | (1,709,907) | (1,489,833) | (1,465,907) | (1,284,993) | (1,177,311) | (1,026,476) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | |||||||
| Equity, attributable to noncontrolling interest | 6,376 | 13,469 | (7,826) | (5,981) | (2,078) | ||||
| Total equity: | (54,902) | 47,909 | (211,498) | (231,337) | (174,546) | (75,816) | |||
| Other undisclosed liabilities and equity | 0 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 413,556 | 465,958 | 214,514 | 155,335 | 136,401 | 138,402 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 98,024 | 295,665 | 88,170 | 150,048 | 36,784 | 42,877 | ||
| Cost of revenue | (10,568) | (3,470) | (2,349) | |||||
| Gross profit: | 87,456 | 292,195 | 85,821 | 150,048 | 36,784 | 42,877 | ||
| Operating expenses | (267,698) | (254,967) | (201,835) | (214,380) | (161,940) | (149,866) | ||
| Other undisclosed operating income (loss) | 815 | (11,481) | (1,221) | (5,805) | 1,335 | 3,188 | ||
| Operating income (loss): | (179,427) | 25,747 | (117,235) | (70,137) | (123,822) | (103,801) | ||
| Nonoperating income (expense) | 12,571 | 5,051 | (1,858) | 28 | (2,183) | 1,977 | ||
| Investment income, nonoperating | 541 | 562 | ||||||
| Gain (loss), foreign currency transaction, before tax | (400) | 1,000 | (3,100) | 100 | (2,200) | 1,900 | ||
| Interest and debt expense | 6,197 | (10,767) | (31,323) | |||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 12,455 | |||||||
| Income (loss) from continuing operations: | (166,856) | 36,995 | (119,093) | (70,109) | (136,771) | (120,692) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 36,995 | (119,093) | (70,109) | (136,771) | (120,692) | |
| Other undisclosed net loss | (63,800) | (65,719) | (63,798) | (41,451) | (25,273) | |||
| Net loss: | (230,656) | (28,724) | (182,891) | (111,560) | (162,044) | (120,692) | ||
| Net income attributable to noncontrolling interest | 10,582 | 4,798 | 1,977 | 3,903 | 2,352 | |||
| Net loss attributable to parent: | (220,074) | (23,926) | (180,914) | (107,657) | (159,692) | (120,692) | ||
| Preferred stock dividends and other adjustments | (212) | (211) | (209) | (208) | (207) | (206) | ||
| Net loss available to common stockholders, diluted: | (220,286) | (24,137) | (181,123) | (107,865) | (159,899) | (120,898) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (230,656) | (28,724) | (182,891) | (111,560) | (162,044) | (120,692) | ||
| Other comprehensive income (loss) | (577) | (1,280) | 4,096 | 215 | 630 | (640) | ||
| Comprehensive loss: | (231,233) | (30,004) | (178,795) | (111,345) | (161,414) | (121,332) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 10,582 | 4,798 | 1,977 | 3,903 | 2,352 | |||
| Comprehensive loss, net of tax, attributable to parent: | (220,651) | (25,206) | (176,818) | (107,442) | (159,062) | (121,332) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.