Pacific Biosciences of California Inc. (PACB) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1305 O'BRIEN DRIVE MENLO PARK, CA 94025 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3826 - Laboratory Analytical Instruments (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 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 investments | 631,416 | 772,318 | 1,044,400 | 318,814 | 49,099 | 102,354 | |||
| Cash and cash equivalent | 179,911 | 325,089 | 460,725 | 81,611 | 29,627 | 18,844 | |||
| Short-term investments | 451,505 | 447,229 | 583,675 | 237,203 | 19,472 | 83,510 | |||
| Restricted cash and investments | 300 | 300 | 500 | 1,636 | |||||
| Receivables | 36,615 | 18,786 | 24,241 | 16,837 | 15,266 | 8,595 | |||
| Inventory, net of allowances, customer advances and progress billings | 56,676 | 50,381 | 24,599 | 14,230 | 13,312 | 17,878 | |||
| Inventory | 56,676 | 50,381 | 24,599 | 14,230 | 13,312 | 17,878 | |||
| Deposits current assets | 3,000 | ||||||||
| Other undisclosed current assets | 14,040 | 10,289 | 7,394 | 4,070 | 3,369 | 2,832 | |||
| Total current assets: | 742,047 | 852,074 | 1,101,134 | 355,587 | 81,046 | 131,659 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 32,593 | 39,763 | 46,617 | 29,951 | 32,827 | ✕ | |||
| Property, plant and equipment | 36,432 | 41,580 | 32,504 | 24,899 | 30,070 | 34,073 | |||
| Intangible assets, net (including goodwill) | 919,245 | 820,219 | 820,953 | ||||||
| Goodwill | 462,261 | 409,974 | 409,974 | ||||||
| Intangible assets, net (excluding goodwill) | 456,984 | 410,245 | 410,979 | ||||||
| Restricted cash and investments | 2,422 | 2,922 | 4,592 | 3,500 | 4,000 | 4,500 | |||
| Other noncurrent assets | 13,274 | 10,528 | 1,170 | 43 | 42 | 43 | |||
| Total noncurrent assets: | 1,003,966 | 915,012 | 905,836 | 58,393 | 66,939 | 38,616 | |||
| TOTAL ASSETS: | 1,746,013 | 1,767,086 | 2,006,970 | 413,980 | 147,985 | 170,275 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 60,770 | 44,624 | 47,263 | 20,929 | 21,610 | 19,559 | |||
| Accounts payable | 15,062 | 12,028 | 11,002 | 3,579 | 8,368 | 6,736 | |||
| Accrued liabilities | 45,708 | 32,596 | 36,261 | 17,350 | 13,242 | 12,823 | |||
| Deferred revenue | 16,342 | 30,498 | 10,977 | 8,722 | 7,610 | ✕ | |||
| Debt | 1,800 | 1,600 | 19,708 | ||||||
| Business combination, contingent consideration, liability | 172,094 | ||||||||
| Other liabilities | 8,326 | 7,233 | 5,759 | 4,519 | 225 | 788 | |||
| Other undisclosed current liabilities | 9,591 | 7,086 | 6,110 | 4,332 | 6,537 | ||||
| Total current liabilities: | 95,029 | 263,335 | 71,709 | 38,502 | 49,153 | 26,884 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 892,243 | 500 | 52,270 | 37,667 | 41,964 | 14,659 | |||
| Long-term debt, excluding current maturities | 892,243 | 500 | 2,300 | 14,659 | |||||
| Liabilities, other than long-term debt | 57,437 | 44,164 | 198,237 | 2,320 | 1,951 | 13,781 | |||
| Deferred revenue | 5,530 | 1,794 | 25,049 | 1,568 | 1,951 | ✕ | |||
| Deferred rent credit | 13,765 | ||||||||
| Other liabilities | 751 | 1,300 | 3,471 | 752 | |||||
| Operating lease, liability | 31,606 | 41,070 | 49,970 | 37,667 | 41,964 | ✕ | |||
| Business combination, contingent consideration, liability | 19,550 | 169,717 | |||||||
| Derivative instruments and hedges, liabilities | 16 | ||||||||
| Other undisclosed noncurrent liabilities | 896,183 | 893,767 | 890 | ||||||
| Total noncurrent liabilities: | 949,680 | 940,847 | 1,144,274 | 39,987 | 43,915 | 29,330 | |||
| Total liabilities: | 1,044,709 | 1,204,182 | 1,215,983 | 78,489 | 93,068 | 56,214 | |||
| Equity | |||||||||
| Equity, attributable to parent | 701,304 | 562,904 | 790,987 | 335,491 | 54,917 | 114,061 | |||
| Common stock | 268 | 227 | 221 | 192 | 153 | 150 | |||
| Additional paid in capital | 2,539,892 | 2,099,782 | 2,009,945 | 1,372,083 | 1,120,999 | 1,096,053 | |||
| Accumulated other comprehensive income (loss) | 219 | (4,765) | (1,087) | 85 | 5 | (36) | |||
| Accumulated deficit | (1,839,075) | (1,532,340) | (1,218,092) | (1,036,869) | (1,066,240) | (982,106) | |||
| Total equity: | 701,304 | 562,904 | 790,987 | 335,491 | 54,917 | 114,061 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,746,013 | 1,767,086 | 2,006,970 | 413,980 | 147,985 | 170,275 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 200,521 | 128,304 | 130,513 | 78,893 | 90,891 | 78,626 | ||
| Cost of revenue | (147,741) | (79,269) | (71,653) | (46,327) | (56,315) | (53,530) | ||
| Cost of product and service sold | (5,419) | (4,438) | (306) | (46,327) | (56,315) | (53,530) | ||
| Gross profit: | 52,780 | 49,035 | 58,860 | 32,566 | 34,576 | 25,096 | ||
| Operating expenses | (387,247) | (356,231) | (269,295) | (136,951) | (135,121) | (126,083) | ||
| Operating loss: | (334,467) | (307,196) | (210,435) | (104,385) | (100,545) | (100,987) | ||
| Nonoperating income (expense) | 32,684 | 7,638 | (51,907) | 36,055 | 19,022 | 848 | ||
| Gain (loss) on contract termination | (52,000) | 34,000 | 18,000 | |||||
| Other nonoperating income | 32,684 | 7,638 | 93 | 2,055 | 1,022 | 848 | ||
| Interest and debt expense | (16,376) | (14,690) | (12,530) | (267) | (2,611) | (2,423) | ||
| Loss from continuing operations before income taxes: | (318,159) | (314,248) | (274,872) | (68,597) | (84,134) | (102,562) | ||
| Income tax expense (benefit) | 11,424 | 93,649 | ||||||
| Loss from continuing operations: | (306,735) | (314,248) | (181,223) | (68,597) | (84,134) | (102,562) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (181,223) | (68,597) | (84,134) | (102,562) | |
| Net loss: | (306,735) | (314,248) | (181,223) | (68,597) | (84,134) | (102,562) | ||
| Other undisclosed net income attributable to parent | 98,000 | |||||||
| Net income (loss) available to common stockholders, basic: | (306,735) | (314,248) | (181,223) | 29,403 | (84,134) | (102,562) | ||
| Other undisclosed net loss available to common stockholders, diluted | ||||||||
| Net income (loss) available to common stockholders, diluted: | (306,735) | (314,248) | (181,223) | 29,403 | (84,134) | (102,562) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (306,735) | (314,248) | (181,223) | (68,597) | (84,134) | (102,562) | ||
| Comprehensive loss: | (306,735) | (314,248) | (181,223) | (68,597) | (84,134) | (102,562) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 4,984 | (3,678) | (1,172) | 98,080 | 41 | (4) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (301,751) | (317,926) | (182,395) | 29,483 | (84,093) | (102,566) | ||
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.