PTC Therapeutics, Inc. (PTCT) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 CORPORATE COURT
SOUTH PLAINFIELD, NJ 07080-2449
State of Incorp. DE
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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments337,943286,303410,705288,432505,545587,793
Cash and cash equivalents208,393167,495279,834104,424158,158144,178
Short-term investments129,550118,808130,871184,008347,387443,615
Receivables177,503201,867155,614124,456135,943141,288
Inventory, net of allowances, customer advances and progress billings32,01826,64921,80814,81215,00415,281
Inventory32,01826,64921,80814,81215,00415,281
Other undisclosed current assets42,22798,573105,65889,56238,18429,647
Total current assets:589,691613,392693,785517,262694,676774,009
Noncurrent Assets
Operating lease, right-of-use asset96,68699,531102,430104,901141,63576,093
Property, plant and equipment82,12979,49272,59066,88964,91359,088
Intangible assets, net (including goodwill)533,970768,546788,232832,231842,495846,006
Goodwill82,34182,34182,34182,34182,34182,341
Intangible assets, net (excluding goodwill)451,629686,205705,891749,890760,154763,665
Other undisclosed noncurrent assets35,64847,87848,58255,11560,33844,395
Total noncurrent assets:748,433995,4471,011,8341,059,1361,109,3811,025,582
TOTAL ASSETS:1,338,1241,608,8391,705,6191,576,3981,804,0571,799,591
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:358,562332,091320,366329,322330,918246,521
Taxes payable7,5824,549
Employee-related liabilities46,37135,83429,485
Accounts payable25,74126,31127,26820,86222,88118,365
Accrued liabilities123,94488,301123,07457,42547,64444,942
Other undisclosed accounts payable and accrued liabilities208,877217,479170,024204,664216,977149,180
Deferred revenue 2141,351   
Debt2,2301,8573,0002,583152,082151,493
Other liabilities    1,3121,4511,450
Other undisclosed current liabilities115,550107,47281,51986,85982,92077,312
Total current liabilities:476,342441,634406,236420,076567,371476,776
Noncurrent Liabilities
Long-term debt and lease obligation589,827589,275590,397403,548438,488373,283
Long-term debt, excluding current maturities572,643572,091571,722282,749282,460282,176
Finance lease, liability17,18417,18418,67518,67518,67518,675
Liabilities, other than long-term debt189,994369,814370,335299,496300,110365,310
Deferred income tax liabilities51,928102,831102,834137,110137,110137,110
Other liabilities1411412,6414,686  
Operating lease, liability100,425100,442100,860102,124137,35372,432
Business combination, contingent consideration, liability37,500166,400164,000157,700163,000228,200
Other undisclosed noncurrent liabilities661,229665,677685,737680,182680,306674,803
Total noncurrent liabilities:1,441,0501,624,7661,646,4691,383,2261,418,9041,413,396
Total liabilities:1,917,3922,066,4002,052,7051,803,3021,986,2751,890,172
Equity
Equity, attributable to parent(579,268)(457,561)(347,086)(226,904)(182,218)(90,581)
Common stock757372717171
Additional paid in capital2,416,9042,339,8862,305,0202,222,9052,184,2302,152,639
Accumulated other comprehensive income (loss)(1,431)(1,587)4,79636,20510,251(18,608)
Accumulated deficit(2,994,816)(2,795,933)(2,656,974)(2,486,085)(2,376,770)(2,224,683)
Total equity:(579,268)(457,561)(347,086)(226,904)(182,218)(90,581)
TOTAL LIABILITIES AND EQUITY:1,338,1241,608,8391,705,6191,576,3981,804,0571,799,591

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues213,808220,382167,412217,127165,526148,735
Cost of revenue
(Cost of Goods and Services Sold)
 (300)(100)(500)(300)(300)(600)
Gross profit:213,508220,282166,912216,827165,226148,135
Operating expenses(423,351)(337,997)(367,753)(285,314)(257,888)(235,257)
Other undisclosed operating income 300100500300300600
Operating loss:(209,543)(117,615)(200,341)(68,187)(92,362)(86,522)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1,4799,95635,148(38,141)(34,357)(11,855)
Loss from continuing operations before equity method investments, income taxes:(208,064)(107,659)(165,193)(106,328)(126,719)(98,377)
Other undisclosed loss from continuing operations before income taxes(29,415)(27,331)(24,500)(20,880)(21,976)(23,514)
Loss from continuing operations before income taxes:(237,479)(134,990)(189,693)(127,208)(148,695)(121,891)
Income tax expense (benefit)38,596(3,969)18,80417,893(3,392)(4,835)
Loss from continuing operations:(198,883)(138,959)(170,889)(109,315)(152,087)(126,726)
Loss before gain (loss) on sale of properties:(109,315)(152,087)(126,726)
Net loss available to common stockholders, basic:(198,883)(138,959)(170,889)(109,315)(152,087)(126,726)
Other undisclosed net loss available to common stockholders, diluted     (34,875) 
Net loss available to common stockholders, diluted:(198,883)(138,959)(170,889)(109,315)(186,962)(126,726)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(198,883)(138,959)(170,889)(109,315)(152,087)(126,726)
Comprehensive loss:(198,883)(138,959)(170,889)(109,315)(152,087)(126,726)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent156(6,383)(31,409)25,95428,8595,674
Comprehensive loss, net of tax, attributable to parent:(198,727)(145,342)(202,298)(83,361)(123,228)(121,052)

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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