Vertex Pharmaceuticals Incorporated (VRTX) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
50 NORTHERN AVENUE BOSTON, MA 02210 |
| State of Incorp. | MA |
| 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 millions)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 6,153 | 11,264 | 10,895 | 7,756 | 6,855 | 3,808 | |||
| Cash and cash equivalent | 4,570 | 10,369 | 10,504 | 6,795 | 5,988 | 3,109 | |||
| Short-term investments | 1,583 | 895 | 391 | 961 | 866 | 699 | |||
| Restricted cash and investments | 8 | ||||||||
| Receivables | 1,609 | 1,563 | 1,442 | 1,137 | 885 | 634 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,205 | 739 | 461 | 353 | 281 | 168 | |||
| Inventory | 1,205 | 739 | 461 | 353 | 281 | 168 | |||
| Prepaid expense | 102 | 109 | 112 | ||||||
| Other current assets | 76 | 84 | 74 | 187 | |||||
| Other undisclosed current assets | 451 | 385 | 251 | 128 | 113 | 206 | |||
| Total current assets: | 9,596 | 14,144 | 13,235 | 9,561 | 8,133 | 4,823 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 58 | 273 | 316 | 400 | 431 | 445 | |||
| Operating lease, right-of-use asset | 1,357 | 294 | 347 | 330 | 326 | 88 | |||
| Property, plant and equipment | 63 | 59 | 40 | ||||||
| Long-term investments and receivables | 5,108 | 2,498 | |||||||
| Long-term investments | 5,108 | 2,498 | |||||||
| Intangible assets, net (including goodwill) | 1,914 | 1,928 | 1,692 | 1,402 | 1,402 | 1,402 | |||
| Goodwill | 1,088 | 1,088 | 1,088 | 1,002 | 1,002 | 1,002 | |||
| Intangible assets, net (excluding goodwill) | 826 | 840 | 604 | 400 | 400 | 400 | |||
| Restricted cash and investments | 3 | ||||||||
| Deferred income tax assets | 2,331 | 1,812 | 1,247 | 935 | 883 | 1,191 | |||
| Other noncurrent assets | 999 | 895 | 522 | 111 | 49 | 158 | |||
| Other undisclosed noncurrent assets | 1,107 | 828 | 753 | 694 | 527 | 208 | |||
| Total noncurrent assets: | 12,937 | 8,586 | 4,916 | 3,872 | 3,618 | 3,496 | |||
| TOTAL ASSETS: | 22,533 | 22,730 | 18,151 | 13,433 | 11,752 | 8,318 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,202 | 3,020 | 2,431 | 1,874 | 1,560 | 1,205 | |||
| Accounts payable | 413 | 365 | 304 | 195 | 155 | 88 | |||
| Accrued liabilities | 2,789 | 2,655 | 2,127 | 1,679 | 1,405 | 1,117 | |||
| Other liabilities | 363 | 527 | 312 | 268 | 317 | 130 | |||
| Total current liabilities: | 3,565 | 3,547 | 2,742 | 2,142 | 1,878 | 1,335 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 113 | 376 | 431 | 887 | 890 | 539 | |||
| Finance lease, liability | 113 | 376 | 431 | 510 | 539 | 539 | |||
| Liabilities, other than long-term debt | 2,446 | 1,226 | 1,065 | 303 | 298 | 360 | |||
| Other liabilities | 902 | 878 | 686 | 117 | 108 | 183 | |||
| Operating lease, liability | 1,544 | 349 | 380 | 377 | 350 | ||||
| Business combination, contingent consideration, liability | 187 | 190 | 177 | ||||||
| Total noncurrent liabilities: | 2,559 | 1,602 | 1,496 | 1,191 | 1,187 | 898 | |||
| Total liabilities: | 6,124 | 5,150 | 4,238 | 3,333 | 3,065 | 2,233 | |||
| Equity | |||||||||
| Equity, attributable to parent | 16,410 | 17,580 | 13,913 | 10,100 | 8,687 | 6,085 | |||
| Common stock | 3 | 3 | 3 | 3 | 3 | 3 | |||
| Additional paid in capital | 6,672 | 7,450 | 7,387 | 6,881 | 7,894 | 7,938 | |||
| Accumulated other comprehensive income (loss) | 128 | (14) | 1 | 16 | (68) | (2) | |||
| Retained earnings (accumulated deficit) | 9,607 | 10,142 | 6,523 | 3,201 | 859 | (1,853) | |||
| Total equity: | 16,410 | 17,580 | 13,913 | 10,100 | 8,687 | 6,085 | |||
| TOTAL LIABILITIES AND EQUITY: | 22,533 | 22,730 | 18,151 | 13,433 | 11,752 | 8,318 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 11,020 | 9,869 | 8,931 | 7,574 | 6,206 | 4,163 | ||
| Cost of revenue | (1,531) | (1,262) | (1,080) | (904) | (749) | (552) | ||
| Cost of product and service sold | (1,531) | (1,262) | (1,080) | (904) | (736) | (548) | ||
| Gross profit: | 9,490 | 8,607 | 7,850 | 6,670 | 5,456 | 3,611 | ||
| Operating expenses | (9,723) | (4,827) | (3,601) | (3,891) | (2,600) | (2,413) | ||
| Other undisclosed operating income | 1 | 52 | 58 | 3 | ||||
| Operating income (loss): | (233) | 3,832 | 4,307 | 2,782 | 2,856 | 1,198 | ||
| Nonoperating income (expense) | 512 | 592 | (20) | 10 | 319 | 256 | ||
| Investment income, nonoperating | 598 | 615 | 145 | 5 | 22 | 64 | ||
| Other nonoperating income (expense) | (86) | (23) | (165) | 5 | 296 | 192 | ||
| Interest and debt expense | (31) | (39) | (44) | (47) | (58) | (59) | ||
| Income from continuing operations before equity method investments, income taxes: | 249 | 4,385 | 4,244 | 2,745 | 3,117 | 1,395 | ||
| Other undisclosed loss from continuing operations before income taxes | (5) | (11) | (14) | |||||
| Income from continuing operations before income taxes: | 249 | 4,380 | 4,232 | 2,730 | 3,117 | 1,395 | ||
| Income tax expense | (784) | (760) | (910) | (388) | (405) | (218) | ||
| Income (loss) from continuing operations: | (536) | 3,620 | 3,322 | 2,342 | 2,712 | 1,177 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 2,342 | 2,712 | 1,177 | |
| Net income (loss) available to common stockholders, diluted: | (536) | 3,620 | 3,322 | 2,342 | 2,712 | 1,177 | ||
Comprehensive Income ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (536) | 3,620 | 3,322 | 2,342 | 2,712 | 1,177 | ||
| Other comprehensive income (loss) | (1) | 3 | (67) | (3) | ||||
| Comprehensive income (loss): | (536) | 3,622 | 3,322 | 2,342 | 2,645 | 1,174 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 143 | (18) | (15) | 84 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (394) | 3,605 | 3,307 | 2,427 | 2,645 | 1,174 | ||
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.