Portola Pharmaceuticals, Inc. (PTLA) Financial Statements (2024 and earlier)

Company Profile

Business Address 270 EAST GRAND AVENUE, SUITE 22
SOUTH SAN FRANCISCO, CA 94080
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)

3/31/2020
MRQ
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 429,283316,964463,157318,771444,201309,273
Cash and cash equivalents 215,229138,951181,568188,480186,48857,514
Short-term investments 214,054178,013281,589130,291257,713251,759
Restricted cash and investments 3,4211,062173178341 
Receivables   3,776441,01997
Inventory, net of allowances, customer advances and progress billings 4,1017,8731,099   
Inventory 4,1017,8731,099   
Contract with customer, asset, after allowance for credit loss 3,7839,880
Other undisclosed current assets 21,54517,5489,7189,93520,0165,707
Total current assets: 462,133353,327477,923328,928465,577315,077
Noncurrent Assets
Inventory, Noncurrent 56,0969,645    
Property, plant and equipment 4,2645,2365,2176,1436,2432,776
Long-term investments and receivables 36,961 71,076 15,96083,030
Long-term investments 36,961 71,076 15,96083,030
Intangible assets, net (including goodwill), including:  7,2797,8513,1513,151 
Intangible assets, net (excluding goodwill)  7,279    
Other undisclosed intangible assets, net (including goodwill)   7,8513,1513,151 
Prepaid expense  38    
Other undisclosed noncurrent assets 19,02910,8949,6095,21411,99315,612
Total noncurrent assets: 116,35033,09293,75314,50837,347101,418
TOTAL ASSETS: 578,483386,419571,676343,436502,924416,495
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 28,83831,21220,83019,72116,24417,950
Employee-related liabilities 16,09910,79411,5264,8065,4593,512
Accounts payable 12,73913,2159,30414,54610,27914,084
Accrued liabilities  7,203 369506354
Debt 19,03411,802    
Deferred rent credit  960
Deferred revenue and credits11,16921,5979,1089,696
Contract with customer, liability1,6231,847
Other liabilities 5,3612,473 204816940
Other undisclosed current liabilities 47,56220,71148,52524,14224,97812,545
Total current liabilities: 102,41869,00580,52465,66451,14641,131
Noncurrent Liabilities
Long-term debt and lease obligation 118,096155,25654,25150,061  
Long-term debt, excluding current maturities 118,096155,25654,25150,061  
Liabilities, other than long-term debt 8,23716,41228,84327,02221,45527,562
Deferred revenue and credits18,79824,96518,62927,016
Contract with customer, liability4,3524,488
Other liabilities 3,88511,92410,0452,0572,826546
Other undisclosed noncurrent liabilities 219,90755,17958,5658,000  
Total noncurrent liabilities: 346,240226,847141,65985,08321,45527,562
Total liabilities: 448,658295,852222,183150,74772,60168,693
Equity
Equity, attributable to parent 129,82588,401346,866190,532427,396347,802
Common stock 806866575749
Additional paid in capital 1,946,0771,614,3201,551,7281,108,8321,076,791770,789
Accumulated other comprehensive income (loss) 35(283)(409)(12)(150)(239)
Accumulated deficit (1,816,367)(1,525,704)(1,204,519)(918,345)(649,302)(422,797)
Equity, attributable to noncontrolling interest  2,1662,6272,1572,927 
Total equity: 129,82590,567349,493192,689430,323347,802
TOTAL LIABILITIES AND EQUITY: 578,483386,419571,676343,436502,924416,495

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

3/31/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 116,64040,13022,54635,50412,0709,625
Revenue, net22,54635,50412,0709,625
Cost of revenue
(Cost of Goods and Services Sold)
 (44,378)(18,081)(415)   
Gross profit: 72,26222,04922,13135,50412,0709,625
Operating expenses (343,546)(367,369)(295,225)(305,089) (147,191)
Other undisclosed operating income   415   
Operating income (loss): (271,284)(345,320)(272,679)(269,585)12,070(137,566)
Nonoperating income (expense) 9,69813,516(1,338)1,472(3,174)441
Investment income, nonoperating   235(1,113)(3,174)(3,703)
Loss, foreign currency transaction, before tax      (114)
Interest and debt expense (31,290)(18,740)(11,603)   
Income (loss) from continuing operations before equity method investments, income taxes: (292,876)(350,544)(285,620)(268,113)8,896(137,125)
Other undisclosed loss from continuing operations before income taxes     (235,766) 
Loss from continuing operations: (292,876)(350,544)(285,620)(268,113)(226,870)(137,125)
Loss before gain (loss) on sale of properties: (292,876)(350,544)(285,620)(268,113)(226,870)(137,125)
Other undisclosed net income     365 
Net loss: (292,876)(350,544)(285,620)(268,113)(226,505)(137,125)
Net income (loss) attributable to noncontrolling interest 2,213321(470)(930)  
Net loss available to common stockholders, diluted: (290,663)(350,223)(286,090)(269,043)(226,505)(137,125)

Comprehensive Income ($ in thousands)

3/31/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss: (292,876)(350,544)(285,620)(268,113)(226,505)(137,125)
Other comprehensive income 318     
Other undisclosed comprehensive income (loss)  126(397)138  
Comprehensive loss: (292,558)(350,418)(286,017)(267,975)(226,505)(137,125)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 2,213321(470)(930)(226,416) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     226,505(294)
Comprehensive loss, net of tax, attributable to parent: (290,345)(350,097)(286,487)(268,905)(226,416)(137,419)

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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