Novavax Inc. (NVAX) Financial Statements (2024 and earlier)

Company Profile

Business Address 700 QUINCE ORCHARD ROAD
GAITHERSBURG, MD 20878
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 investments568,5051,336,8831,515,116711,04778,82392,134
Cash and cash equivalents568,5051,336,8831,515,116553,39878,82370,154
Short-term investments    157,649 21,980
Restricted cash and investments10,42410,30311,49093,8802,94710,847
Receivables   454,993262,0127,500 
Inventory, net of allowances, customer advances and progress billings41,69636,683    
Inventory41,69636,683    
Prepaid expense 70,297160,773120,029171,6024,37611,974
Other current assets 155,72676,37453,4919,6623,6014,321
Other undisclosed current assets297,24082,375    
Total current assets:1,143,8881,703,3912,155,1191,248,20397,247119,276
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 160,23369,857   
Operating lease, right-of-use asset 24,98536,384   
Property, plant and equipment305,771294,247228,696179,95411,44528,426
Intangible assets, net (including goodwill)127,454126,331136,249141,10456,73558,508
Goodwill127,454126,331131,479135,37951,15451,967
Intangible assets, net (excluding goodwill)   4,7705,7255,5816,541
Restricted cash and investments   1,460410958
Other noncurrent assets35,15928,46956,68911,7587,120810
Other undisclosed noncurrent assets      
Total noncurrent assets:653,602555,288421,634334,27675,71088,702
TOTAL ASSETS:1,797,4902,258,6792,576,7531,582,479172,957207,978
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities527,278807,675800,781196,80022,85543,561
Interest and dividends payable 5,0785,0785,078
Employee-related liabilities   9,632
Accounts payable132,610216,517127,05054,3322,9109,301
Accrued liabilities394,668591,158673,731137,39014,86719,550
Deferred revenue241,310370,1371,422,944273,2281,678
Debt5,142352,077130,533105,862  
Other liabilities861,408930,05536,0613,7821,2621,600
Other undisclosed current liabilities      378
Total current liabilities:1,635,1382,459,9442,390,319579,67225,79545,539
Noncurrent Liabilities
Long-term debt and lease obligation223,939197,704323,458362,118320,611319,187
Long-term debt, excluding current maturities168,016166,466323,458322,035320,611319,187
Finance lease, liability55,92331,238 40,083 
Liabilities, other than long-term debt655,340235,109214,64913,48012,5688,687
Deferred revenue622,210179,414172,528 2,500
Other liabilities33,13055,69542,12113,48010,0688,687
Other undisclosed noncurrent liabilities      2,500
Total noncurrent liabilities:879,279432,813538,107375,598333,179330,374
Total liabilities:2,514,4172,892,7572,928,426955,270358,974375,913
Equity
Equity, attributable to parent(716,927)(634,078)(351,673)627,209(186,017)(167,935)
Common stock1,4058687647143243,849
Treasury stock, value(92,267)(90,659)(85,101)(41,806)(2,583)(2,450)
Additional paid in capital4,192,1643,737,9793,351,9672,535,4761,260,5511,140,964
Accumulated other comprehensive income (loss)2,722(6,377)(1,353)7,024(12,508)(11,191)
Accumulated deficit(4,820,951)(4,275,889)(3,617,950)(1,874,199)(1,431,801)(1,299,107)
Total equity:(716,927)(634,078)(351,673)627,209(186,017)(167,935)
TOTAL LIABILITIES AND EQUITY:1,797,4902,258,6792,576,7531,582,479172,957207,978

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
Revenues983,7051,981,8721,146,290475,59818,66234,288
Cost of revenue(343,768)(902,639)    
Gross profit:639,9371,079,2331,146,290475,59818,66234,288
Operating expenses(1,206,448)(1,723,969)(2,832,866)(892,317)(148,259)(208,206)
Other undisclosed operating income     9,016 
Operating loss:(566,511)(644,736)(1,686,576)(416,719)(120,581)(173,918)
Nonoperating income (expense)37,89610,969(6,833)13,6051,4992,782
Investment income, nonoperating   1,3641,0141,5122,674
Other nonoperating income (expense)37,89610,969(8,197)12,591(13)108
Interest and debt expense(14,416)(19,880)(21,127)(15,145)(13,612)(13,612)
Loss from continuing operations before income taxes:(543,031)(653,647)(1,714,536)(418,259)(132,694)(184,748)
Income tax expense(2,031)(4,292)(29,215)   
Loss from continuing operations:(545,062)(657,939)(1,743,751)(418,259)(132,694)(184,748)
Loss before gain (loss) on sale of properties:(1,743,751)(418,259)(132,694)(184,748)
Net loss attributable to parent:(545,062)(657,939)(1,743,751)(418,259)(132,694)(184,748)
Other undisclosed net loss available to common stockholders, basic      
Net loss available to common stockholders, basic:(545,062)(657,939)(1,743,751)(418,259)(132,694)(184,748)
Interest on convertible debt      
Net loss available to common stockholders, diluted:(545,062)(657,939)(1,743,751)(418,259)(132,694)(184,748)

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 loss:(545,062)(657,939)(1,743,751)(418,259)(132,694)(184,748)
Comprehensive loss:(545,062)(657,939)(1,743,751)(418,259)(132,694)(184,748)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent9,099(5,024)(8,377)19,532(1,317)(2,574)
Comprehensive loss, net of tax, attributable to parent:(535,963)(662,963)(1,752,128)(398,727)(134,011)(187,322)

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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