Intercept Pharmaceuticals, Inc. (ICPT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
305 MADISON AVENUE MORRISTOWN, NJ 07960 |
| 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)
| 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 | 50,517 | 84,709 | 469,667 | 652,622 | 436,160 | 414,917 | |||
| Cash and cash equivalents | 50,517 | 84,709 | 58,151 | 70,055 | 43,248 | 70,013 | |||
| Short-term investments | 411,516 | 582,567 | 392,912 | 344,904 | |||||
| Restricted cash and investments | 5,343 | 9,700 | 7,503 | 4,725 | |||||
| Receivables | 26,862 | 47,617 | 41,549 | 38,044 | 25,694 | 16,501 | |||
| Inventory, net of allowances, customer advances and progress billings | 6,462 | 8,619 | 9,027 | 8,462 | 7,108 | 3,480 | |||
| Inventory | 6,462 | 8,619 | 9,027 | 8,462 | 7,108 | 3,480 | |||
| Prepaid expense | 14,818 | ||||||||
| Other undisclosed current assets | 450,943 | 351,647 | 17,995 | 17,462 | 13,463 | (1,409) | |||
| Total current assets: | 540,127 | 502,292 | 545,741 | 721,315 | 482,425 | 448,307 | |||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 6,462 | 8,619 | 9,027 | 8,462 | |||||
| Operating lease, right-of-use asset | 6,119 | ✕ | ✕ | ||||||
| Property, plant and equipment | 987 | 3,377 | 6,326 | 5,202 | 10,411 | 16,184 | |||
| Other noncurrent assets | 5,122 | 6,119 | 12,327 | 13,246 | |||||
| Other undisclosed noncurrent assets | 1,013 | 497 | 7,068 | 6,661 | 16,331 | 19,856 | |||
| Total noncurrent assets: | 13,584 | 24,731 | 34,748 | 33,571 | 26,742 | 36,040 | |||
| TOTAL ASSETS: | 553,711 | 527,023 | 580,489 | 754,886 | 509,167 | 484,347 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 116,977 | 158,216 | 106,899 | 81,063 | 39,575 | 41,558 | |||
| Interest and dividends payable | ✕ | ✕ | 8,601 | 8,037 | 8,037 | ||||
| Employee-related liabilities | ✕ | ✕ | 24,511 | 27,154 | 26,483 | 20,335 | 27,118 | ||
| Accounts payable | 14,234 | 18,132 | 24,594 | 18,975 | 11,765 | 6,965 | |||
| Accrued liabilities | 47,399 | 60,235 | 47,114 | 27,568 | 7,475 | 7,475 | |||
| Other undisclosed accounts payable and accrued liabilities | 55,344 | 46,737 | |||||||
| Debt | 109,569 | 6,456 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 1,621 | 1,782 | ||
| Other undisclosed current liabilities | 3,531 | 8,601 | 72,177 | 74,486 | 73,009 | 60,694 | |||
| Total current liabilities: | 230,077 | 166,817 | 179,076 | 162,005 | 114,205 | 104,034 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 223,104 | 539,782 | 560,582 | 532,078 | 371,250 | 355,677 | |||
| Long-term debt, excluding current maturities | 223,104 | 539,782 | 560,582 | 532,078 | 371,250 | 355,677 | |||
| Liabilities, other than long-term debt | 7,453 | 4,386 | 7,684 | 9,247 | 4,582 | 8,250 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 811 | 2,672 | ||
| Other liabilities | 7,453 | 4,386 | 7,684 | 9,247 | 3,771 | 5,578 | |||
| Total noncurrent liabilities: | 230,557 | 544,168 | 568,266 | 541,325 | 375,832 | 363,927 | |||
| Total liabilities: | 460,634 | 710,985 | 747,342 | 703,330 | 490,037 | 467,961 | |||
| Equity | |||||||||
| Equity, attributable to parent | 93,077 | (183,962) | (166,853) | 51,556 | 19,130 | 16,386 | |||
| Common stock | 42 | 30 | 33 | 33 | 30 | 25 | |||
| Additional paid in capital | 2,238,179 | 2,308,653 | 2,233,937 | 2,176,133 | 1,800,144 | 1,486,690 | |||
| Accumulated other comprehensive loss | (8,256) | (2,873) | (2,477) | (1,144) | (2,259) | (786) | |||
| Accumulated deficit | (2,136,888) | (2,489,772) | (2,398,346) | (2,123,466) | (1,778,785) | (1,469,543) | |||
| Total equity: | 93,077 | (183,962) | (166,853) | 51,556 | 19,130 | 16,386 | |||
| TOTAL LIABILITIES AND EQUITY: | 553,711 | 527,023 | 580,489 | 754,886 | 509,167 | 484,347 | |||
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 | 285,710 | 363,468 | 312,690 | 252,002 | 179,804 | 130,956 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 130,956 | |
| Cost of revenue | (984) | (3,100) | (5,322) | (4,212) | (2,519) | (1,371) | ||
| Cost of goods and services sold | (2,519) | (1,371) | ||||||
| Gross profit: | 284,726 | 360,368 | 307,368 | 247,790 | 177,285 | 129,585 | ||
| Operating expenses | (352,942) | (416,127) | (538,608) | (560,217) | (465,294) | (466,568) | ||
| Other undisclosed operating income (loss) | 86 | 2,519 | 1,371 | |||||
| Operating loss: | (68,216) | (55,673) | (231,240) | (312,427) | (285,490) | (335,612) | ||
| Nonoperating income (expense) | (106,642) | (35,753) | (43,640) | (32,254) | (23,752) | (24,755) | ||
| Other nonoperating income | 6,521 | 2,155 | 4,414 | 8,890 | 6,771 | 4,516 | ||
| Interest and debt expense | (91,778) | 16,511 | (48,054) | (41,144) | (30,523) | (29,271) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 48,054 | 41,144 | 30,523 | 29,271 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (266,636) | (74,915) | (274,880) | (344,681) | (309,242) | (360,367) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 91,778 | (16,511) | ||||||
| Income (loss) from continuing operations before income taxes: | (174,858) | (91,426) | (274,880) | (344,681) | (309,242) | (360,367) | ||
| Other undisclosed loss from continuing operations | ||||||||
| Loss from continuing operations: | (174,858) | (91,426) | (274,880) | (344,681) | (309,242) | (360,367) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (91,426) | (274,880) | (344,681) | (309,242) | (360,367) | |
| Other undisclosed net income (loss) | 396,674 | |||||||
| Net income (loss) available to common stockholders, diluted: | 221,816 | (91,426) | (274,880) | (344,681) | (309,242) | (360,367) | ||
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 income (loss): | 221,816 | (91,426) | (274,880) | (344,681) | (309,242) | (360,367) | ||
| Other comprehensive income (loss) | (5,383) | (396) | (1,333) | 1,122 | (358,351) | |||
| Comprehensive income (loss): | 216,433 | (91,822) | (276,213) | (343,559) | (309,242) | (718,718) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (1,473) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 216,433 | (91,822) | (276,213) | (343,559) | (310,715) | (718,718) | ||
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.