Ionis Pharmaceuticals, Inc. (IONS) Financial Statements (2024 and earlier)

Company Profile

Business Address 2855 GAZELLE COURT
CARLSBAD, CA 92010
State of Incorp. CA
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 investments1,986,8692,114,9731,892,3752,499,5442,084,0721,022,715
Cash and cash equivalents276,472869,191397,664683,287278,820129,630
Short-term investments1,710,3971,245,7821,494,7111,816,2571,805,252893,085
Receivables      62,955
Inventory, net of allowances, customer advances and progress billings22,03324,80621,96518,1808,582 
Inventory22,03324,80621,96518,1808,582 
Contract with customer, asset, after allowance for credit loss25,53861,89676,20463,03412,759
Other current assets168,254143,374140,163139,839102,47372,332
Other undisclosed current assets      9,982
Total current assets:2,202,6942,345,0492,130,7072,720,5972,207,8861,167,984
Noncurrent Assets
Operating lease, right-of-use asset181,544   
Property, plant and equipment74,294178,069181,077153,651132,160121,907
Intangible assets, net (including goodwill)  29,00527,93725,67424,03222,004
Intangible assets, net (excluding goodwill)  29,00527,93725,67424,03222,004
Deferred income tax assets    305,557
Other noncurrent assets75,34459,56750,03427,63312,91010,129
Deferred tax assets, net290,796 
Total noncurrent assets:331,182266,641259,048512,515459,898154,040
TOTAL ASSETS:2,533,8762,611,6902,389,7553,233,1122,667,7841,322,024
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities158,022139,310174,412152,707106,289116,655
Taxes payable361,32432,514  
Employee-related liabilities38,81065,72837,35729,26825,151
Accounts payable17,92111,90417,19916,06728,66024,886
Accrued liabilities140,10188,56090,16166,76948,36166,618
Deferred revenue90,57797,714108,376118,272
Debt 151 300,4622,02613,7491,621
Deferred revenue and credits106,465
Contract with customer, liability160,256
Other liabilities7,535     
Other undisclosed current liabilities55,2763,526    
Total current liabilities:311,561240,550583,250273,005280,294224,741
Noncurrent Liabilities
Long-term debt and lease obligation, including:  59,713539,11259,913628,057592,882
Long-term debt, excluding current maturities  59,71359,98459,913628,057592,882
Other undisclosed long-term debt and lease obligation   479,128   
Liabilities, other than long-term debt473,835351,879424,046490,060567,35972,708
Deferred revenue and credits72,708
Deferred revenue287,768351,879424,046490,060
Contract with customer, liability567,359
Other liabilities7,126     
Operating lease, liability178,941   
Other undisclosed noncurrent liabilities1,175,5931,187,811 725,5874,91412,974
Total noncurrent liabilities:1,649,4281,599,403963,1581,275,5601,200,330678,564
Total liabilities:1,960,9891,839,9531,546,4081,548,5651,480,624903,305
Equity
Equity, attributable to parent572,887771,737843,3471,471,0941,048,079330,872
Common stock142141140140138125
Additional paid in capital2,059,8501,964,1672,113,6462,203,7782,047,2501,549,904
Accumulated other comprehensive loss(57,480)(32,668)(21,071)(25,290)(32,016)(31,759)
Accumulated deficit(1,429,625)(1,159,903)(1,249,368)(707,534)(967,293)(1,187,398)
Equity, attributable to noncontrolling interest    213,453139,08187,847
Total equity:572,887771,737843,3471,684,5471,187,160418,719
TOTAL LIABILITIES AND EQUITY:2,533,8762,611,6902,389,7553,233,1122,667,7841,322,024

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
Revenues587,367810,456729,2641,122,599599,674507,666
Revenue, net112,540
Cost of revenue(992,422)(11,036)(12,012)(4,460)(1,820) 
Cost of goods and services sold(14,116)(10,842)(11,947)(4,384)(1,820) 
Gross profit:(405,055)799,420717,2521,118,139597,854507,666
Operating expenses(5,136)(829,606)(889,334)(752,256)(661,046)(483,132)
Other undisclosed operating income     1,820 
Operating income (loss):(410,191)(30,186)(172,082)365,883(61,372)24,534
Nonoperating income10,72419,01447,04051,51930,0054,257
Investment income, nonoperating17,99820,14747,10252,20530,1877,805
Other nonoperating income (expense)(7,274)(1,133)(62)(686)(182)(3,548)
Interest and debt expense(8,122)(17,976)(44,990)(70,633)(44,789)(44,752)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (7,315)
Income (loss) from continuing operations before equity method investments, income taxes:(407,589)(29,148)(170,032)346,769(76,156)(23,276)
Other undisclosed income from continuing operations before income taxes149,604     
Income (loss) from continuing operations before income taxes:(257,985)(29,148)(170,032)346,769(76,156)(23,276)
Income tax expense (benefit)(11,737)551(316,734)(43,507)291,1415,980
Income (loss) from continuing operations:(269,722)(28,597)(486,766)303,262214,985(17,296)
Income (loss) before gain (loss) on sale of properties:(28,597)(486,766)303,262214,985(17,296)
Net income (loss):(269,722)(28,597)(486,766)303,262214,985(17,296)
Net income (loss) attributable to noncontrolling interest   35,480(9,116)58,75611,326
Net income (loss) attributable to parent:(269,722)(28,597)(451,286)294,146273,741(5,970)
Other undisclosed net income (loss) available to common stockholders, basic   (201)2,4173,12715,631
Net income (loss) available to common stockholders, diluted:(269,722)(28,597)(451,487)296,563276,8689,661

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):(269,722)(28,597)(486,766)303,262214,985(17,296)
Other comprehensive income (loss) (24,812)(11,597)4,2196,726(257)(1,401)
Other undisclosed comprehensive loss      
Comprehensive income (loss):(294,534)(40,194)(482,547)309,988214,728(18,697)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   35,480(9,118)58,78111,421
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(294,534)(40,194)(447,067)300,870273,509(7,276)

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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