Beam Therapeutics Inc. (BEAM) Financial Statements (2024 and earlier)

Company Profile

Business Address 26 LANDSDOWNE STREET
CAMBRIDGE, MA 02139
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2836 - Biological Products, Except Diagnostic Substances (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:1,100,000965,600299,700
Cash and cash equivalents232,767559,994162,171
Short-term investments  140,100
Other undisclosed cash, cash equivalents, and short-term investments867,233405,606(2,571)
Other undisclosed current assets(7,104)307,4078,621
Total current assets:1,092,8961,273,007308,321
Noncurrent Assets
Operating lease, right-of-use asset118,513102,71886,859
Property, plant and equipment115,62084,25838,513
Restricted cash and investments12,75412,74614,840
Other noncurrent assets1,9311,7243,144
Total noncurrent assets:248,818201,446143,356
TOTAL ASSETS:1,341,7141,474,453451,677
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities47,16429,42915,853
Employee-related liabilities11,6617,591
Accounts payable9,0297,4746,314
Accrued liabilities38,13510,2941,948
Deferred revenue135,97486,270 
Debt1,8532,2872,118
Derivative instruments and hedges, liabilities18,30042,20071,200
Other undisclosed current liabilities20,30453,24913,166
Total current liabilities:223,595213,435102,337
Noncurrent Liabilities
Long-term debt and lease obligation1,154137,817101,308
Finance lease, liability1,1543,0075,294
Liabilities, other than long-term debt383,491296,4632,471
Deferred revenue202,179262,303 
Other liabilities2242,7932,471
Operating lease, liability168,625134,81096,014
Business combination, contingent consideration, liability12,46331,367 
Total noncurrent liabilities:384,645434,280103,779
Total liabilities:608,240647,715206,116
Equity
Equity, attributable to parent733,474826,738245,561
Common stock712684573
Additional paid in capital1,792,5541,594,378642,633
Accumulated other comprehensive loss(2,430)(50)(9)
Accumulated deficit(1,057,362)(768,274)(397,636)
Total equity:733,474826,738245,561
TOTAL LIABILITIES AND EQUITY:1,341,7141,474,453451,677

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues60,92051,84424
Gross profit:60,92051,84424
Operating expenses(399,399)(444,309)(132,784)
Operating loss:(338,479)(392,465)(132,760)
Nonoperating income (expense)78,30121,827(118)
Investment income, nonoperating9,41075(118)
Loss from continuing operations before income taxes:(260,178)(370,638)(132,878)
Income tax expense(3,410)  
Loss from continuing operations:(263,588)(370,638)(132,878)
Loss before gain (loss) on sale of properties:(370,638)(132,878)
Other undisclosed net loss (25,500) (61,714)
Net loss attributable to parent:(289,088)(370,638)(194,592)
Preferred stock dividends and other adjustments   (1,277)
Net loss available to common stockholders, diluted:(289,088)(370,638)(195,869)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net loss:(289,088)(370,638)(194,592)
Comprehensive loss:(289,088)(370,638)(194,592)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,380)(41)(25)
Comprehensive loss, net of tax, attributable to parent:(291,468)(370,679)(194,617)

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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