Exelixis Inc. (EXEL) Financial Statements (2024 and earlier)

Company Profile

Business Address 1851 HARBOR BAY PARKWAY
ALAMEDA, CA 94502
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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments995,3021,308,4681,467,0741,206,536852,243693,334
Cash and cash equivalents262,994501,195647,169319,217266,501314,775
Short-term investments732,308807,273819,905887,319585,742378,559
Restricted cash and investments   15,200   
Receivables237,407214,784282,650160,875119,073162,771
Inventory, net of allowances, customer advances and progress billings17,32333,29927,49320,97312,8869,838
Inventory17,32333,29927,49320,97312,8869,838
Contract with customer, asset, after allowance for credit loss     1,100 
Other undisclosed current assets67,92662,21142,33057,01125,88831,073
Total current assets:1,317,9581,618,7621,834,7471,445,3951,011,190897,016
Noncurrent Assets
Operating lease, right-of-use asset 233,244234,811   
Property, plant and equipment128,731110,624104,03167,38448,89250,897
Long-term investments and receivables728,717756,731371,112332,306536,385157,187
Long-term investments728,717756,731371,112332,306536,385157,187
Intangible assets, net (including goodwill)63,68463,68463,68463,68463,68463,684
Goodwill63,68463,68463,68463,68463,68463,684
Contract with customer, asset, after allowance for credit loss 1,3211,659    
Restricted cash and investments  1,482   1,100
Deferred income tax assets361,145231,110111,663156,711172,374
Other noncurrent assets   131,00271,85353,1452,424
Other undisclosed noncurrent assets107,55752,626   249,978
Total noncurrent assets:1,624,3991,452,727781,492691,938874,480525,270
TOTAL ASSETS:2,942,3573,071,4892,616,2392,137,3331,885,6701,422,286
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities127,093109,82586,227119,26873,39464,868
Employee-related liabilities61,96951,18937,36432,142
Accounts payable33,76832,66724,25823,63211,58110,901
Accrued liabilities93,32577,158 44,44724,44921,825
Deferred revenue5,4067,4887,8141,790 
Debt     2,728 
Customer refund liability59,61950,35033,70020,68318,71914,954
Other liabilities108,41778,92453,366   
Other undisclosed current liabilities93,74277,772156,48362,91747,90525,650
Total current liabilities:394,277324,359337,590204,658142,746105,472
Noncurrent Liabilities
Long-term debt and lease obligation:   51,27249,08648,011 
Liabilities, other than long-term debt284,168258,70316,7624,4768,94317,183
Deferred revenue  6,5828,7393,7556,596
Contract with customer, liability15,897
Other liabilities94,22461,9518,0237212,3471,286
Operating lease, liability189,944190,17051,27249,08648,011
Other undisclosed noncurrent liabilities      12,178
Total noncurrent liabilities:284,168258,70368,03453,56256,95429,361
Total liabilities:678,445583,062405,624258,220199,700134,833
Equity
Equity, attributable to parent2,263,9122,488,4272,210,6151,879,1131,685,9701,287,453
Common stock303324319312305300
Additional paid in capital2,440,7102,536,8492,427,5612,321,8952,241,9472,168,217
Accumulated other comprehensive income (loss)(3,750)(14,521)(758)4,4763,069(701)
Accumulated deficit(173,351)(34,225)(216,507)(447,570)(559,351)(880,363)
Total equity:2,263,9122,488,4272,210,6151,879,1131,685,9701,287,453
TOTAL LIABILITIES AND EQUITY:2,942,3573,071,4892,616,2392,137,3331,885,6701,422,286

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,830,2081,611,0621,434,970987,538967,775853,826
Cost of revenue
(Cost of Goods and Services Sold)
(72,547)(57,909)(52,873)(36,272)(33,097)(26,348)
Gross profit:1,757,6611,553,1531,382,097951,266934,678827,478
Operating expenses(1,586,776)(1,351,669)(1,095,431)(841,206)(598,305)(414,971)
Other undisclosed operating income     33,09726,348
Operating income:170,885201,484286,666110,060369,470438,855
Nonoperating income (expense)93(197)(184)91228,63913,237
Other nonoperating income (expense)93(197)(184)912680397
Other undisclosed income from continuing operations before equity method investments, income taxes    19,865  
Income from continuing operations before income taxes:170,978201,287286,482130,837398,109452,092
Income tax expense (benefit)(49,756)(52,070)(63,091)(19,056)(77,097)237,978
Income from continuing operations:121,222149,217223,391111,781321,012690,070
Income before gain (loss) on sale of properties:223,391111,781321,012690,070
Net income:121,222149,217223,391111,781321,012690,070
Other undisclosed net income attributable to parent86,54333,0657,672   
Net income available to common stockholders, diluted:207,765182,282231,063111,781321,012690,070

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:121,222149,217223,391111,781321,012690,070
Other comprehensive income      200
Comprehensive income:121,222149,217223,391111,781321,012690,270
Other undisclosed comprehensive income (loss), net of tax, attributable to parent97,31419,3022,4381,4073,770(554)
Comprehensive income, net of tax, attributable to parent:218,536168,519225,829113,188324,782689,716

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.

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