Exact Sciences Corporation (EXAS) financial statements (2021 and earlier)

Company profile

Business Address 5505 ENDEAVOR LANE
MADISON, WI 53719
State of Incorp. DE
Fiscal Year End December 31
SIC 8731 - Commercial Physical and Biological Research (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
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, including:1,8403241,124425311307283
Cash and cash equivalents1,491 16077494158
Short-term investments3502964347262266225
Other undisclosed cash, cash equivalents, and short-term investments(1)322     
Receivables2331314426951
Inventory, net of allowances, customer advances and progress billings92623926774
Inventory92623926774
Other undisclosed current assets33412010784
Total current assets:2,1995571,228487334326292
Noncurrent Assets
Operating lease, right-of-use asset126126
Property, plant and equipment45145524580383420
Intangible assets, net (including goodwill), including:2,0862,3474622   
Goodwill1,2381,20317    
Intangible assets, net (excluding goodwill)8481,1442922   
Other undisclosed intangible assets, net (including goodwill)  0    
Other noncurrent assets64204954 
Total noncurrent assets:2,7262,949296111433820
TOTAL ASSETS:4,9253,5061,524599377364312
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26921912965292622
Accounts payable36262816133
Accrued liabilities23419310149282214
Employee-related liabilities      6
Debt257900000
Contract with customer, liability1
Other liabilities3883321 
Other undisclosed current liabilities11 4   (5)
Total current liabilities:57623613768312718
Noncurrent Liabilities
Long-term debt and lease obligation1,464143244551
Long-term debt, excluding current maturities1,34324244551
Operating lease, liability121119
Liabilities, other than long-term debt623596652
Other liabilities623596652
Other undisclosed noncurrent liabilities 8046730112
Total noncurrent liabilities:1,5269817061011115
Total liabilities:2,1021,21884378423723
Stockholders' equity
Stockholders' equity attributable to parent2,8232,288681520335327289
Common stock2111111
Additional paid in capital4,7903,4061,7171,3811,080905709
Accumulated other comprehensive income (loss)1(0)(1)(1)(0)(0)(0)
Accumulated deficit(1,968)(1,120)(1,036)(861)(746)(579)(421)
Total stockholders' equity:2,8232,288681520335327289
TOTAL LIABILITIES AND EQUITY:4,9253,5061,524599377364312

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,49187645426699392
Revenue, net26699392
Cost of revenue(354)(217)(118)(79)(45)(25)(4)
Cost of goods and services sold  (7)   (2)
Gross profit:1,1376603361875415(3)
Operating expenses(1,929)(893)(496)(305)(223)(174)(98)
Other undisclosed operating income24      
Operating loss:(768)(234)(159)(118)(169)(159)(101)
Nonoperating income (expense)(89)(35)(16)4210
Investment income, nonoperating72721421(0)
Interest and debt expense(96)(62)(2)(0)(0)(0)(0)
Loss from continuing operations before equity method investments, income taxes:(953)(330)(177)(115)(167)(158)(100)
Other undisclosed income from continuing operations before income taxes966220   
Loss from continuing operations before income taxes:(857)(269)(175)(115)(167)(158)(100)
Income tax expense (benefit)9185(0)0   
Net loss attributable to parent:(849)(84)(175)(114)(167)(158)(100)
Other undisclosed net income available to common stockholders, basic    000
Net loss available to common stockholders, diluted:(849)(84)(175)(114)(167)(158)(100)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(849)(84)(175)(114)(167)(158)(100)
Other comprehensive income (loss)11(1)    
Comprehensive loss:(848)(83)(176)(114)(167)(158)(100)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0) 0(0)0(0)(0)
Comprehensive loss, net of tax, attributable to parent:(848)(83)(176)(115)(167)(158)(100)

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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