Incyte Corp. (INCY) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1801 AUGUSTINE CUT-OFF WILMINGTON, DE 19803 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8731 - Commercial Physical and Biological Research (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,850,688 | 3,656,043 | 3,516,453 | 3,423,366 | 3,112,712 | 3,238,965 | |||
| Cash and cash equivalents | 3,346,204 | 3,213,376 | 3,227,230 | 3,131,123 | 2,821,051 | 2,951,422 | |||
| Short-term investments | 504,484 | 442,667 | 289,223 | 292,243 | 291,661 | 287,543 | |||
| Inventory, net of allowances, customer advances and progress billings | 63,642 | 62,972 | 57,200 | 35,937 | 40,876 | 41,995 | |||
| Inventory | 63,642 | 62,972 | 57,200 | 35,937 | 40,876 | 41,995 | |||
| Other undisclosed current assets | 934,761 | 926,387 | 829,012 | 805,130 | 818,045 | 811,890 | |||
| Total current assets: | 4,849,091 | 4,645,402 | 4,402,665 | 4,264,433 | 3,971,633 | 4,092,850 | |||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 264,292 | 206,965 | 142,086 | 142,048 | 116,688 | 78,964 | |||
| Finance lease, right-of-use asset, after accumulated amortization | 25,533 | 25,535 | 24,880 | 25,631 | 25,849 | 26,298 | |||
| Property, plant and equipment | 719,999 | 751,513 | 733,046 | 749,352 | 741,701 | 739,310 | |||
| Long-term investments and receivables | 287,663 | 187,716 | 153,663 | 170,316 | 128,313 | 133,676 | |||
| Long-term investments | 287,663 | 187,716 | 153,663 | 170,316 | 128,313 | 133,676 | |||
| Intangible assets, net (including goodwill) | 273,434 | 279,138 | 284,842 | 290,547 | 296,251 | 284,812 | |||
| Goodwill | 155,593 | 155,593 | 155,593 | 155,593 | 155,593 | 155,593 | |||
| Intangible assets, net (excluding goodwill) | 117,841 | 123,545 | 129,249 | 134,954 | 140,658 | 129,219 | |||
| Restricted cash and investments | 1,627 | 1,845 | 1,717 | 1,719 | 1,717 | 1,698 | |||
| Deferred income tax assets | 666,566 | 631,886 | 564,385 | 532,507 | 494,751 | 457,941 | |||
| Other noncurrent assets | 47,400 | 52,107 | 80,955 | 31,706 | 20,720 | 25,435 | |||
| Total noncurrent assets: | 2,286,514 | 2,136,705 | 1,985,574 | 1,943,826 | 1,825,990 | 1,748,134 | |||
| TOTAL ASSETS: | 7,135,605 | 6,782,107 | 6,388,239 | 6,208,259 | 5,797,623 | 5,840,984 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,266,506 | 1,045,170 | 960,018 | 966,390 | 881,076 | 978,599 | |||
| Accounts payable | 164,238 | 109,601 | 139,411 | 155,538 | 55,633 | 277,546 | |||
| Accrued liabilities | 1,102,268 | 935,569 | 820,607 | 810,852 | 825,443 | 701,053 | |||
| Debt | 3,678 | 3,439 | 3,064 | 3,166 | 3,149 | 3,179 | |||
| Business combination, contingent consideration, liability | 37,160 | 38,422 | 36,815 | 37,509 | 37,169 | 36,538 | |||
| Other undisclosed current liabilities | 89,109 | 153,348 | 124,783 | 111,708 | 84,717 | 138,761 | |||
| Total current liabilities: | 1,396,453 | 1,240,379 | 1,124,680 | 1,118,773 | 1,006,111 | 1,157,077 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 28,934 | 29,162 | 28,859 | 29,491 | 29,699 | 30,083 | |||
| Finance lease, liability | 28,934 | 29,162 | 28,859 | 29,491 | 29,699 | 30,083 | |||
| Liabilities, other than long-term debt | 315,947 | 322,729 | 303,253 | 319,303 | 299,245 | 283,705 | |||
| Other liabilities | 151,107 | 149,151 | 133,068 | 139,812 | 118,414 | 99,243 | |||
| Business combination, contingent consideration, liability | 164,840 | 173,578 | 170,185 | 179,491 | 180,831 | 184,462 | |||
| Total noncurrent liabilities: | 344,881 | 351,891 | 332,112 | 348,794 | 328,944 | 313,788 | |||
| Total liabilities: | 1,741,334 | 1,592,270 | 1,456,792 | 1,467,567 | 1,335,055 | 1,470,865 | |||
| Equity | |||||||||
| Equity, attributable to parent | 5,394,271 | 5,189,837 | 4,931,447 | 4,740,692 | 4,462,568 | 4,370,119 | |||
| Common stock | 224 | 224 | 224 | 223 | 223 | 223 | |||
| Additional paid in capital | 5,070,286 | 5,016,122 | 4,949,023 | 4,925,626 | 4,856,914 | 4,792,041 | |||
| Accumulated other comprehensive income (loss) | (6,172) | 13,106 | 22,894 | 26,806 | 20,942 | 15,069 | |||
| Retained earnings (accumulated deficit) | 329,933 | 160,385 | (40,694) | (211,963) | (415,511) | (437,214) | |||
| Total equity: | 5,394,271 | 5,189,837 | 4,931,447 | 4,740,692 | 4,462,568 | 4,370,119 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,135,605 | 6,782,107 | 6,388,239 | 6,208,259 | 5,797,623 | 5,840,984 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 880,889 | 1,013,341 | 919,025 | 954,610 | 808,673 | 926,700 | ||
| Cost of revenue | (60,956) | (69,751) | (60,091) | (68,326) | (56,822) | (59,163) | ||
| Gross profit: | 819,933 | 943,590 | 858,934 | 886,284 | 751,851 | 867,537 | ||
| Operating expenses | (729,516) | (738,359) | (643,602) | (684,679) | (722,247) | (774,179) | ||
| Other undisclosed operating income (loss) | 1,481 | (17,961) | (627) | (7,825) | (4,834) | (23,265) | ||
| Operating income (loss): | 91,898 | 187,270 | 214,705 | 193,780 | 24,770 | 70,093 | ||
| Nonoperating income (Other Nonoperating income) | 44,744 | 50,436 | 46,371 | 42,668 | 32,873 | 26,637 | ||
| Interest and debt expense | (430) | (804) | (623) | (655) | (469) | (667) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 136,212 | 236,902 | 260,453 | 235,793 | 57,174 | 96,063 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 99,947 | 34,054 | (26,654) | 41,811 | (5,318) | (15,448) | ||
| Income (loss) from continuing operations before income taxes: | 236,159 | 270,956 | 233,799 | 277,604 | 51,856 | 80,615 | ||
| Income tax expense | (66,611) | (69,877) | (62,530) | (74,056) | (30,153) | (52,154) | ||
| Net income (loss) available to common stockholders, diluted: | 169,548 | 201,079 | 171,269 | 203,548 | 21,703 | 28,461 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 169,548 | 201,079 | 171,269 | 203,548 | 21,703 | 28,461 | ||
| Other undisclosed comprehensive income (loss) | 34,165 | (23,830) | ||||||
| Comprehensive income (loss): | 169,548 | 235,244 | 171,269 | 203,548 | 21,703 | 4,631 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (19,278) | (43,953) | (3,912) | 5,864 | 5,873 | 67,961 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 150,270 | 191,291 | 167,357 | 209,412 | 27,576 | 72,592 | ||
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.