CareDx, Inc. (CDNA) financial statements (2022 and earlier)

Company profile

Business Address 1 TOWER PLACE
SOUTH SAN FRANCISCO, CA 94080
State of Incorp. DE
Fiscal Year End December 31
SIC 8071 - Medical Laboratories (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:348,485224,70038,22364,61616,89517,25829,888
Cash and cash equivalents348,485134,66938,22364,61616,89517,25829,888
Short-term investments 90,034     
Other undisclosed cash, cash equivalents, and short-term investments (3)     
Receivables59,76134,62424,0579,7602,991  
Inventory, net of allowances, customer advances and progress billings17,18610,0126,0144,9435,5295,461766
Inventory17,18610,0126,0144,9435,5295,461766
Other undisclosed current assets7,9283,7613,6281,7951,3523,9543,708
Total current assets:433,360273,09771,92281,11426,76726,67334,362
Noncurrent Assets
Operating lease, right-of-use asset17,99315,228 ✕✕✕✕
Property, plant and equipment22,04410,7044,4304,1342,0752,9312,425
Intangible assets, net (including goodwill)87,17868,21269,39845,25745,14446,96318,655
Goodwill36,98323,85723,85712,00512,00513,83912,005
Intangible assets, net (excluding goodwill)50,19544,35545,54133,25233,13933,1246,650
Restricted cash and investments2112702561929,579  
Other noncurrent assets5,8351,0001,000  2049
Other undisclosed noncurrent assets  4,730  143147
Total noncurrent assets:133,26195,41479,81449,58356,79850,05721,276
TOTAL ASSETS:566,621368,511151,736130,69783,56576,73055,638
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities50,55933,27121,31415,9579,3429,1015,470
Accounts payable13,3379,6535,5064,7113,3913,0651,644
Accrued liabilities11,1805,1523,3242,0908571,3231,460
Employee-related liabilities26,04218,46612,4849,1565,0133,8512,366
Interest and dividends payable    81862 
Deferred revenue4,2083,530 ✕✕✕✕
Debt   17215,73422,9142,937
Deferred rent credit   432✕✕✕
Derivative instruments and hedges, liabilities    14,600  
Business combination, contingent consideration, liability2,114738810    
Deferred revenue and credits✕✕✕✕458416400
Contract with customer, liability✕✕3,686 ✕✕✕
Other undisclosed current liabilities20,42031,6789,0182,9432,7728,4011,345
Total current liabilities:77,30169,21734,82819,50442,90640,83210,152
Noncurrent Liabilities
Long-term debt and lease obligation17,39416,069 24918,3521,12412,887
Long-term debt, excluding current maturities    18,3381,09812,887
Capital lease obligations✕✕✕2491426 
Operating lease, liability17,39416,069 ✕✕✕✕
Liabilities, other than long-term debt8701,5394,1214,5719,5639,8313,105
Deferred revenue and credits✕✕✕✕1,6432,0602,129
Deferred rent credit   470✕✕✕
Deferred tax liabilities, net✕✕✕2,9684,9336,057 
Deferred income tax liabilities4151,299 ✕✕✕✕
Other liabilities4552404,1211,1331,3151,22228
Business combination, contingent consideration, liability    1,672492948
Other undisclosed noncurrent liabilities5,1804,00713,78710,44518,6985,182 
Total noncurrent liabilities:23,44421,61517,90815,26546,61316,13715,992
Total liabilities:100,74590,83252,73634,76989,51956,96926,144
Stockholders' equity
Stockholders' equity attributable to parent, including:465,876277,67999,00095,928(6,134)19,48229,494
Common stock52494241292112
Additional paid in capital853,683632,253437,976412,010264,204235,673202,564
Accumulated other comprehensive loss(4,670)(2,096)(5,205)(4,278)(2,345)(3,659) 
Accumulated deficit(383,189)(352,527)(333,813)(311,845)(268,022)(212,553)(173,082)
Warrants and rights outstanding    18,712  
Other undisclosed stockholders' equity attributable to parent    (18,712)  
Stockholders' equity attributable to noncontrolling interest    180279 
Total stockholders' equity:465,876277,67999,00095,928(5,954)19,76129,494
TOTAL LIABILITIES AND EQUITY:566,621368,511151,736130,69783,56576,73055,638

Income statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues296,397192,194127,06876,56948,32440,63128,144
Revenue, net✕✕✕✕47,74040,39527,881
Cost of revenue  (45,455)(234)(9,026)(10,240)(10,273)
Cost of goods and services sold   (234)(9,026)(10,240)(10,273)
Gross profit:296,397192,19481,61376,33539,29830,39117,871
Operating expenses(326,123)(214,722)(106,145)(92,147)(68,618)(77,963)(40,076)
Other undisclosed operating income   2349,02610,24010,273
Operating loss:(29,726)(22,528)(24,532)(15,578)(20,294)(37,332)(11,932)
Nonoperating income (expense)(2,362)2,778585(178)(1,490)(1,920)(188)
Other nonoperating expense(2,628)(811)(719)(178)(1,490)(1,920)(188)
Loss from continuing operations before equity method investments, income taxes:(32,088)(19,750)(23,947)(15,756)(21,784)(39,252)(12,120)
Other undisclosed loss from continuing operations before income taxes   (32,459)(35,485)(2,110)(1,587)
Loss from continuing operations before income taxes:(32,088)(19,750)(23,947)(48,215)(57,269)(41,362)(13,707)
Income tax benefit1,4261,0361,9791,4341,7091,606 
Net loss:(30,662)(18,714)(21,968)(46,781)(55,560)(39,756)(13,707)
Net income attributable to noncontrolling interest   2591287 
Net loss available to common stockholders, diluted:(30,662)(18,714)(21,968)(46,756)(55,469)(39,469)(13,707)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(30,662)(18,714)(21,968)(46,781)(55,560)(39,756)(13,707)
Other undisclosed comprehensive income (loss)(2,574)3,109(927)(1,933)1,306(3,727) 
Comprehensive loss:(33,236)(15,605)(22,895)(48,714)(54,254)(43,483)(13,707)
Comprehensive income, net of tax, attributable to noncontrolling interest   2599355 
Comprehensive loss, net of tax, attributable to parent:(33,236)(15,605)(22,895)(48,689)(54,155)(43,128)(13,707)

Statements sources

The financial statements are based on the company's filings with the 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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