BridgeBio Pharma Inc. (BBIO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
3160 PORTER DR. PALO ALTO, CA 94304 |
| 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)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 434,884 | 471,922 | 836,663 | 607,093 | 545,993 | |||
| Cash and cash equivalents | 375,935 | 376,689 | 393,772 | 356,082 | 363,773 | |||
| Short-term investments | 58,949 | 95,233 | 442,891 | 251,011 | 182,220 | |||
| Restricted cash and investments | 16,653 | 37,930 | 177 | |||||
| Receivables | 1,751 | 17,079 | 19,749 | |||||
| Other undisclosed current assets | 24,305 | 21,922 | 32,269 | 35,731 | 22,629 | |||
| Total current assets: | 477,593 | 548,853 | 888,858 | 642,824 | 568,622 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 8,027 | 10,678 | 15,907 | 16,508 | ||||
| Property, plant and equipment | 11,816 | 14,569 | 30,066 | 20,325 | 5,625 | |||
| Long-term investments and receivables | 31,144 | |||||||
| Long-term investments | 31,144 | |||||||
| Intangible assets, net (including goodwill) | 26,319 | 28,712 | 44,934 | |||||
| Intangible assets, net (excluding goodwill) | 26,319 | 28,712 | 44,934 | |||||
| Restricted cash and investments | ||||||||
| Other noncurrent assets | 22,625 | 20,224 | 33,027 | 23,931 | 26,288 | |||
| Other undisclosed noncurrent assets | ||||||||
| Total noncurrent assets: | 68,787 | 74,183 | 123,934 | 60,764 | 63,057 | |||
| TOTAL ASSETS: | 546,380 | 623,036 | 1,012,792 | 703,588 | 631,679 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 97,855 | 69,794 | 85,993 | 57,555 | 27,411 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 37,041 | 29,682 | 13,317 | ||
| Accounts payable | 10,655 | 11,558 | 11,884 | 8,945 | 8,852 | |||
| Accrued liabilities | 87,200 | 58,236 | 37,068 | 18,928 | 5,242 | |||
| Deferred revenue | 6,096 | 8,156 | ||||||
| Debt | 295 | 1,586 | 8,000 | |||||
| Restructuring reserve | 55 | 6,826 | ||||||
| Other undisclosed current liabilities | 39,838 | 36,652 | 48,781 | 36,507 | 24,974 | |||
| Total current liabilities: | 143,844 | 121,428 | 135,069 | 95,648 | 60,385 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 446,445 | 430,993 | 449,425 | 108,671 | 91,791 | |||
| Long-term debt, excluding current maturities | 446,445 | 430,993 | 430,752 | 92,421 | 91,791 | |||
| Finance lease, liability | 1,245 | 1,573 | ||||||
| Liabilities, other than long-term debt | 18,342 | 38,917 | 22,069 | 9,520 | 3,527 | |||
| Deferred revenue | ||||||||
| Other liabilities | 9,361 | 26,643 | 22,069 | 9,520 | 3,527 | |||
| Operating lease, liability | 8,981 | 12,274 | 17,428 | 14,677 | ||||
| Other undisclosed noncurrent liabilities | 1,280,284 | 1,276,622 | 1,271,808 | 381,863 | ||||
| Total noncurrent liabilities: | 1,745,071 | 1,746,532 | 1,743,302 | 500,054 | 95,318 | |||
| Total liabilities: | 1,888,915 | 1,867,960 | 1,878,371 | 595,702 | 155,703 | |||
| Temporary equity, carrying amount | 1,423 | 1,630 | 2,243 | |||||
| Equity | ||||||||
| Equity, attributable to parent | (1,354,257) | (1,254,617) | (870,414) | 57,906 | 408,454 | |||
| Common stock | 181 | 157 | 154 | 125 | 124 | |||
| Treasury stock, value | (275,000) | (275,000) | (275,000) | (75,000) | ||||
| Additional paid in capital | 1,481,032 | 938,703 | 841,530 | 1,021,344 | 848,107 | |||
| Accumulated other comprehensive income (loss) | 31 | (328) | (132) | 192 | 254 | |||
| Accumulated deficit | (2,560,501) | (1,918,149) | (1,436,966) | (888,755) | (440,031) | |||
| Equity, attributable to noncontrolling interest | 11,244 | 11,282 | 3,412 | 48,350 | 65,279 | |||
| Total equity: | (1,343,013) | (1,243,335) | (867,002) | 106,256 | 473,733 | |||
| Other undisclosed liabilities and equity | 478 | (1,589) | ||||||
| TOTAL LIABILITIES AND EQUITY: | 546,380 | 623,036 | 1,012,792 | 703,588 | 631,679 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 9,303 | 77,648 | 69,716 | 8,249 | 40,560 | ||
| Gain on disposition of assets for financial service operations | 8,668 | 3,731 | 2,206 | ||||
| Cost of revenue | (2,446) | (47,199) | (3,114) | ||||
| Cost of goods and services sold | (2,735) | ||||||
| Gross profit: | 6,857 | 30,449 | 66,602 | 8,249 | 40,560 | ||
| Operating expenses | (606,301) | (542,651) | (643,234) | (482,731) | (306,800) | ||
| Other undisclosed operating loss | (7,926) | ||||||
| Operating loss: | (607,370) | (512,202) | (576,632) | (474,482) | (266,240) | ||
| Nonoperating income (expense) | (45,881) | 27,550 | (9,822) | (31,006) | (22,345) | ||
| Investment income, nonoperating | 18,038 | 7,542 | 1,133 | 4,015 | 8,915 | ||
| Other nonoperating income (expense) | 17,370 | (7,500) | 35,823 | 1,634 | (1,210) | ||
| Interest and debt expense | (81,289) | (80,438) | (50,115) | (36,655) | (8,765) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1,047,631 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (734,540) | (565,090) | (636,569) | 505,488 | (297,350) | ||
| Loss from equity method investments | (20,869) | ||||||
| Income (loss) from continuing operations: | (734,540) | (565,090) | (636,569) | 505,488 | (318,219) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (636,569) | 505,488 | (318,219) | |
| Other undisclosed net income (loss) | 81,289 | 80,438 | 50,115 | (1,010,976) | 29,634 | ||
| Net loss: | (653,251) | (484,652) | (586,454) | (505,488) | (288,585) | ||
| Net income attributable to noncontrolling interest | 10,049 | 3,469 | 23,915 | 56,764 | 27,998 | ||
| Net loss available to common stockholders, diluted: | (643,202) | (481,183) | (562,539) | (448,724) | (260,587) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (653,251) | (484,652) | (586,454) | (505,488) | (288,585) | ||
| Other undisclosed comprehensive income (loss) | 359 | (196) | (324) | (62) | 254 | ||
| Comprehensive loss: | (652,892) | (484,848) | (586,778) | (505,550) | (288,331) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 10,049 | 3,469 | 23,915 | 56,764 | 27,998 | ||
| Comprehensive loss, net of tax, attributable to parent: | (642,843) | (481,379) | (562,863) | (448,786) | (260,333) | ||
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.