Agios Pharmaceuticals, Inc. (AGIO) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
88 SIDNEY STREET CAMBRIDGE, MA 02139 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2834 - Pharmaceutical Preparations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2023 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: | 1,100,000 | 1,286,400 | 670,500 | 717,800 | 805,400 | 567,800 | |||
| Cash and cash equivalents | 139,259 | 203,126 | 127,436 | 80,931 | 70,502 | 102,724 | |||
| Short-term investments | 643,860 | 816,892 | 445,493 | 483,946 | 514,800 | 321,212 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | 316,881 | 266,382 | 97,571 | 152,923 | 220,098 | 143,864 | |||
| Receivables | (60) | (902) | (540) | (326) | |||||
| Inventory, net of allowances, customer advances and progress billings | 8,492 | 14,698 | 7,331 | 869 | |||||
| Inventory | 8,492 | 14,698 | 7,331 | 869 | |||||
| Contract with customer, asset, after allowance for credit loss | 2,206 | 21,328 | 8,952 | ✕ | |||||
| Other undisclosed current assets | (277,866) | (222,169) | (68,947) | (121,839) | (192,163) | (122,539) | |||
| Total current assets: | 832,772 | 1,064,231 | 636,677 | 611,704 | 613,780 | 445,261 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 183 | 590 | 993 | ✕ | ✕ | ||||
| Operating lease, right-of-use asset | 65,129 | 75,124 | 84,661 | 93,643 | ✕ | ✕ | |||
| Property, plant and equipment | 22,987 | 28,923 | 32,291 | 31,472 | 24,320 | 24,431 | |||
| Long-term investments and receivables | 313,874 | 266,375 | 97,608 | 152,929 | 220,119 | 143,814 | |||
| Long-term investments | 313,874 | 266,375 | 97,608 | 152,929 | 220,119 | 143,814 | |||
| Other noncurrent assets | 3,956 | 2,900 | 1,125 | 238 | 891 | ||||
| Total noncurrent assets: | 405,946 | 373,505 | 216,275 | 279,037 | 244,677 | 169,136 | |||
| TOTAL ASSETS: | 1,238,718 | 1,437,736 | 852,952 | 890,741 | 858,457 | 614,397 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 48,966 | 48,667 | 86,984 | 75,038 | 60,027 | 56,798 | |||
| Accounts payable | 18,616 | 16,700 | 26,844 | 21,896 | 17,880 | 22,767 | |||
| Accrued liabilities | 30,350 | 31,967 | 60,140 | 53,142 | 42,147 | 34,031 | |||
| Deferred revenue | 10,933 | ✕ | ✕ | ||||||
| Debt | 331 | 317 | 6,915 | ||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 766 | 38,143 | ||
| Other undisclosed current liabilities | 13,663 | 10,828 | 7,093 | 32,710 | |||||
| Total current liabilities: | 62,629 | 59,826 | 94,394 | 92,886 | 93,503 | 94,941 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 85,935 | 97,789 | 106,747 | ||||||
| Finance lease, liability | 276 | 331 | 673 | ✕ | ✕ | ||||
| Liabilities, other than long-term debt | 75,275 | 50,580 | 17,608 | 143,953 | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 17,608 | 143,953 | ||
| Deferred revenue | 50,580 | ✕ | ✕ | ||||||
| Other liabilities | 3,279 | ||||||||
| Operating lease, liability | 71,996 | 85,659 | 97,458 | 106,074 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (85,659) | 163,811 | 59,809 | ||||||
| Total noncurrent liabilities: | 75,275 | 85,935 | 359,058 | 157,327 | 77,417 | 143,953 | |||
| Total liabilities: | 137,904 | 145,761 | 453,452 | 250,213 | 170,920 | 238,894 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,100,814 | 1,291,975 | 399,500 | 640,528 | 687,537 | 375,503 | |||
| Common stock | 71 | 69 | 68 | 58 | 49 | ||||
| Treasury stock, value | (802,486) | (802,486) | |||||||
| Additional paid in capital | 2,386,325 | 2,334,348 | 2,242,801 | 2,156,363 | 1,794,283 | 1,174,904 | |||
| Accumulated other comprehensive income (loss) | (12,535) | (1,198) | 105 | 202 | (2,171) | (1,389) | |||
| Accumulated deficit | (470,561) | (238,760) | (1,843,475) | (1,516,105) | (1,104,633) | (798,061) | |||
| Other undisclosed equity, attributable to parent | 71 | ||||||||
| Total equity: | 1,100,814 | 1,291,975 | 399,500 | 640,528 | 687,537 | 375,503 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,238,718 | 1,437,736 | 852,952 | 890,741 | 858,457 | 614,397 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 14,240 | 500 | 203,196 | 117,912 | 94,387 | 43,011 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 43,011 | |
| Sublease income | 500 | ✕ | ✕ | |||||
| Cost of revenue | (1,704) | (2,805) | (1,317) | (1,397) | ||||
| Cost of goods and services sold | (1,704) | (2,805) | (1,317) | (1,397) | ||||
| Gross profit: | 12,536 | 500 | 200,391 | 116,595 | 92,990 | 43,011 | ||
| Operating expenses | (401,583) | (378,418) | (516,540) | (542,928) | (456,866) | (363,805) | ||
| Other undisclosed operating income (loss) | (500) | 1,397 | ||||||
| Operating loss: | (389,047) | (378,418) | (316,149) | (426,333) | (362,479) | (320,794) | ||
| Nonoperating income | 29,393 | 15,269 | 6,611 | 14,861 | 16,451 | 6,124 | ||
| Investment income, nonoperating | 22,644 | 836 | 6,611 | 14,861 | 16,451 | 6,124 | ||
| Other nonoperating income | 6,749 | 14,433 | ||||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (17,911) | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (359,654) | (363,149) | (327,449) | (411,472) | (346,028) | (314,670) | ||
| Other undisclosed income from continuing operations before income taxes | 127,853 | 6,639 | ||||||
| Loss from continuing operations: | (231,801) | (356,510) | (327,449) | (411,472) | (346,028) | (314,670) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (356,510) | (327,449) | (411,472) | (346,028) | (314,670) | ||
| Net loss: | (231,801) | (356,510) | (327,449) | (411,472) | (346,028) | (314,670) | ||
| Other undisclosed net income (loss) attributable to parent | 1,961,225 | 79 | ||||||
| Net income (loss) available to common stockholders, diluted: | (231,801) | 1,604,715 | (327,370) | (411,472) | (346,028) | (314,670) | ||
Comprehensive Income ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (231,801) | (356,510) | (327,449) | (411,472) | (346,028) | (314,670) | ||
| Other comprehensive loss | ||||||||
| Comprehensive loss: | (231,801) | (356,510) | (327,449) | (411,472) | (346,028) | (314,670) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (11,337) | 1,959,922 | (18) | 2,373 | (782) | (1,076) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (243,138) | 1,603,412 | (327,467) | (409,099) | (346,810) | (315,746) | ||
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.