Precigen Inc. (PGEN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
20374 SENECA MEADOWS PARKWAY GERMANTOWN, MD 20876 |
| State of Incorp. | VA |
| 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)
| 6/30/2024 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 investments, including: | 62,900 | 55,950 | 115,160 | 100,117 | 75,053 | 222,456 | |||
| Cash and cash equivalents | 7,578 | 4,858 | 42,920 | 51,792 | 65,793 | 102,768 | |||
| Short-term investments | 55,277 | 51,092 | 72,240 | 48,325 | 9,260 | 119,688 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | 45 | ||||||||
| Restricted cash and investments | 43,339 | ||||||||
| Receivables | 1,575 | 13,804 | 21,471 | 20,427 | 21,250 | 25,324 | |||
| Inventory, net of allowances, customer advances and progress billings | 287 | 13,261 | 11,359 | 16,097 | 21,447 | ||||
| Inventory | 287 | 13,261 | 11,359 | 16,097 | 21,447 | ||||
| Disposal group, including discontinued operation | 9,853 | 110,821 | |||||||
| Other undisclosed current assets | 4,280 | 4,779 | 6,736 | 7,192 | 11,422 | 16,256 | |||
| Total current assets: | 68,755 | 118,159 | 156,628 | 148,948 | 234,643 | 285,483 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 7,097 | 8,086 | 10,900 | 9,353 | 25,228 | ✕ | |||
| Property, plant and equipment | 7,111 | 7,329 | 34,315 | 34,924 | 60,969 | 128,874 | |||
| Long-term investments and receivables | 48,562 | 1,461 | 18,859 | ||||||
| Long-term investments | 48,562 | 1,461 | 18,859 | ||||||
| Intangible assets, net (including goodwill) | 67,313 | 81,378 | 108,263 | 119,759 | 132,100 | 278,876 | |||
| Goodwill | 26,612 | 36,923 | 54,148 | 54,363 | 63,754 | 149,585 | |||
| Intangible assets, net (excluding goodwill) | 40,701 | 44,455 | 54,115 | 65,396 | 68,346 | 129,291 | |||
| Restricted cash and investments | 427 | ||||||||
| Other noncurrent assets | 767 | 1,025 | 1,188 | 1,603 | 1,362 | 2,096 | |||
| Other undisclosed noncurrent assets | 1,562 | ||||||||
| Total noncurrent assets: | 82,288 | 97,818 | 203,228 | 165,639 | 221,120 | 430,694 | |||
| TOTAL ASSETS: | 151,043 | 215,977 | 359,856 | 314,587 | 455,763 | 716,177 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 16,199 | 34,192 | 28,223 | 22,244 | 32,057 | 44,727 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 11,223 | 8,097 | 14,091 | 10,687 | ||
| Accounts payable | 1,726 | 4,068 | 5,405 | 4,598 | 5,917 | 13,420 | |||
| Accrued liabilities | 14,473 | 30,124 | 11,595 | 9,549 | 12,049 | 20,620 | |||
| Deferred revenue | 509 | 25 | 4,442 | 2,800 | 5,697 | ✕ | |||
| Debt | 43,219 | 402 | 360 | 35,852 | 559 | ||||
| Disposal group, including discontinued operation | 14,047 | 47,333 | |||||||
| Due to related parties | ✕ | ✕ | 27 | 19 | 51 | 256 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 15,554 | ||
| Other undisclosed current liabilities | 6,277 | 1,209 | 1,551 | 2,657 | 1,922 | 466 | |||
| Total current liabilities: | 22,985 | 78,645 | 34,645 | 42,127 | 122,912 | 61,562 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 192,251 | 179,266 | 210,170 | 211,235 | |||||
| Long-term debt, excluding current maturities | 182,749 | 171,522 | 186,321 | 211,235 | |||||
| Liabilities, other than long-term debt | 9,560 | 11,073 | 25,612 | 26,020 | 50,970 | 57,445 | |||
| Deferred revenue | 1,818 | 1,818 | 23,023 | 23,023 | 48,136 | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 54,210 | ||
| Deferred income tax liabilities | 1,847 | 2,263 | 2,539 | 2,897 | 2,834 | ✕ | |||
| Other liabilities | 50 | 100 | 3,235 | ||||||
| Operating lease, liability | 5,895 | 6,992 | 9,502 | 7,744 | 23,849 | ✕ | |||
| Other undisclosed noncurrent liabilities | 7,213 | ||||||||
| Total noncurrent liabilities: | 9,560 | 11,073 | 217,863 | 205,286 | 261,140 | 275,893 | |||
| Total liabilities: | 32,545 | 89,718 | 252,508 | 247,413 | 384,052 | 337,455 | |||
| Equity | |||||||||
| Equity, attributable to parent | 118,498 | 126,259 | 107,348 | 67,174 | 71,711 | 362,855 | |||
| Additional paid in capital | 2,084,916 | 1,998,314 | 2,022,701 | 1,886,567 | 1,752,048 | 1,722,012 | |||
| Accumulated other comprehensive income (loss) | (1,947) | (3,488) | 203 | 3,997 | (27,468) | (28,612) | |||
| Accumulated deficit | (1,964,471) | (1,868,567) | (1,915,556) | (1,823,390) | (1,652,869) | (1,330,545) | |||
| Equity, attributable to noncontrolling interest | 15,867 | ||||||||
| Total equity: | 118,498 | 126,259 | 107,348 | 67,174 | 71,711 | 378,722 | |||
| TOTAL LIABILITIES AND EQUITY: | 151,043 | 215,977 | 359,856 | 314,587 | 455,763 | 716,177 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 26,909 | 103,873 | 103,178 | 90,722 | 160,574 | |||
| Gross profit: | 26,909 | 103,873 | 103,178 | 90,722 | 160,574 | |||
| Operating expenses | (10,390) | (482) | (9,635) | (120,489) | (666,184) | |||
| Operating income (loss): | (10,390) | 26,427 | 103,873 | 93,543 | (29,767) | (505,610) | ||
| Nonoperating expense | (19,016) | |||||||
| Investment income, nonoperating | 19,084 | |||||||
| Interest and debt expense | 60 | 961 | (8,530) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (10,330) | 27,388 | 103,873 | 93,543 | (29,767) | (533,156) | ||
| Income (loss) from equity method investments | 862 | (3) | (1,176) | (6,730) | (11,608) | |||
| Other undisclosed income (loss) from continuing operations before income taxes | (86,032) | (108,216) | (200,795) | (196,222) | (172,190) | 8,530 | ||
| Loss from continuing operations before income taxes: | (96,362) | (79,966) | (96,925) | (103,855) | (208,687) | (536,234) | ||
| Income tax benefit | 458 | 189 | 160 | 82 | 930 | 21,528 | ||
| Loss from continuing operations: | (95,904) | (79,777) | (96,765) | (103,773) | (207,757) | (514,706) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (92,166) | (170,521) | (207,757) | (514,706) | |
| Income (loss) from discontinued operations | 108,094 | 4,599 | (66,748) | |||||
| Other undisclosed net loss | (116,159) | |||||||
| Net income (loss): | (95,904) | 28,317 | (92,166) | (170,521) | (323,916) | (514,706) | ||
| Net income attributable to noncontrolling interest | 1,592 | 5,370 | ||||||
| Net income (loss) available to common stockholders, diluted: | (95,904) | 28,317 | (92,166) | (170,521) | (322,324) | (509,336) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (95,904) | 28,317 | (92,166) | (170,521) | (323,916) | (514,706) | ||
| Other comprehensive income (loss) | 1,541 | (3,691) | 1,155 | (13,132) | ||||
| Other undisclosed comprehensive income (loss) | (3,794) | 31,465 | ||||||
| Comprehensive income (loss): | (94,363) | 24,626 | (95,960) | (139,056) | (322,761) | (527,838) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 1,581 | 5,548 | ||||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (2) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (94,363) | 24,624 | (95,960) | (139,056) | (321,180) | (522,290) | ||
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.