Exact Sciences Corporation (EXAS) financial statements (2022 and earlier)

Company profile

Business Address 5505 ENDEAVOR LANE
MADISON, WI 53719
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 millions)

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:1,0311,8403241,124425311307
Cash and cash equivalents3151,491 160774941
Short-term investments7183502964347262266
Other undisclosed cash, cash equivalents, and short-term investments(3)(1)322    
Receivables217233131442695
Inventory, net of allowances, customer advances and progress billings1059262392677
Inventory1059262392677
Other undisclosed current assets743341201078
Total current assets:1,4262,1995571,228487334326
Noncurrent Assets
Operating lease, right-of-use asset174126126
Property, plant and equipment580451455245803834
Intangible assets, net (including goodwill), including:4,4302,0862,3474622  
Goodwill2,3351,2381,20317   
Intangible assets, net (excluding goodwill)2,0948481,1442922  
Other undisclosed intangible assets, net (including goodwill)   0   
Other noncurrent assets7564204954
Total noncurrent assets:5,2592,7262,9492961114338
TOTAL ASSETS:6,6854,9253,5061,524599377364
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities466269219129652926
Accounts payable683626281613
Accrued liabilities399234193101492822
Deferred revenue1  
Debt625790000
Contract with customer, liability1
Other liabilities313883321
Other undisclosed current liabilities1311 4   
Total current liabilities:517576236137683127
Noncurrent Liabilities
Long-term debt and lease obligation2,3621,46414324455
Long-term debt, excluding current maturities2,1801,3432424455
Operating lease, liability182121119
Liabilities, other than long-term debt41862359665
Other liabilities41862359665
Other undisclosed noncurrent liabilities  804673011
Total noncurrent liabilities:2,7801,526981706101111
Total liabilities:3,2972,1021,218843784237
Stockholders' equity
Stockholders' equity attributable to parent3,3882,8232,288681520335327
Common stock2211111
Additional paid in capital6,0294,7903,4061,7171,3811,080905
Accumulated other comprehensive income (loss)(1)1(0)(1)(1)(0)(0)
Accumulated deficit(2,642)(1,968)(1,120)(1,036)(861)(746)(579)
Total stockholders' equity:3,3882,8232,288681520335327
TOTAL LIABILITIES AND EQUITY:6,6854,9253,5061,524599377364

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,7671,4918764542669939
Revenue, net2669939
Cost of revenue(459)(354)(217)(118)(79)(45)(25)
Gross profit:1,3081,1376603361875415
Operating expenses(2,144)(1,929)(893)(496)(305)(223)(174)
Other undisclosed operating income (loss)(20)24     
Operating loss:(856)(768)(234)(159)(118)(169)(159)
Nonoperating income (expense)13(89)(35)(16)421
Investment income, nonoperating3272721421
Interest and debt expense(19)(96)(62)(2)(0)(0)(0)
Loss from continuing operations before equity method investments, income taxes:(861)(953)(330)(177)(115)(167)(158)
Other undisclosed income from continuing operations before income taxes19966220  
Loss from continuing operations before income taxes:(843)(857)(269)(175)(115)(167)(158)
Income tax expense (benefit)2479185(0)0  
Net loss attributable to parent:(596)(849)(84)(175)(114)(167)(158)
Other undisclosed net income available to common stockholders, basic     00
Net loss available to common stockholders, diluted:(596)(849)(84)(175)(114)(167)(158)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(596)(849)(84)(175)(114)(167)(158)
Other comprehensive income (loss)(2)11(1)   
Comprehensive loss:(598)(848)(83)(176)(114)(167)(158)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(0) 0(0)0(0)
Comprehensive loss, net of tax, attributable to parent:(598)(848)(83)(176)(115)(167)(158)

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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