Exelixis, Inc. (EXEL) financial statements (2022 and earlier)
Company profile
| Business Address |
1851 HARBOR BAY PARKWAY ALAMEDA, CA 94502 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 2836 - Biological Products, Except Diagnostic Substances (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: | 1,467 | 1,207 | 852 | 693 | 388 | 420 | 169 | ||
| Cash and cash equivalents | 647 | 319 | 267 | 315 | 183 | 152 | 142 | ||
| Short-term investments | 820 | 887 | 586 | 379 | 205 | 268 | 25 | ||
| Other undisclosed cash, cash equivalents, and short-term investments | 2 | ||||||||
| Restricted cash and investments | 15 | 1 | |||||||
| Receivables | 283 | 161 | 119 | 163 | 81 | 42 | 5 | ||
| Inventory, net of allowances, customer advances and progress billings | 27 | 21 | 13 | 10 | 7 | 3 | 3 | ||
| Inventory | 27 | 21 | 13 | 10 | 7 | 3 | 3 | ||
| Contract with customer, asset | 1 | ✕ | ✕ | ✕ | |||||
| Other undisclosed current assets | 42 | 57 | 26 | 31 | 9 | 5 | 2 | ||
| Total current assets: | 1,835 | 1,445 | 1,011 | 897 | 485 | 471 | 179 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 104 | 67 | 49 | 51 | 26 | 2 | 1 | ||
| Long-term investments and receivables | 371 | 332 | 536 | 157 | 64 | 56 | 84 | ||
| Long-term investments | 371 | 332 | 536 | 157 | 64 | 56 | 84 | ||
| Intangible assets, net (including goodwill) | 64 | 64 | 64 | 64 | 64 | 64 | 64 | ||
| Goodwill | 64 | 64 | 64 | 64 | 64 | 64 | 64 | ||
| Restricted cash and investments | 1 | 5 | 4 | 3 | |||||
| Deferred income tax assets | 112 | 157 | 172 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 131 | 72 | 53 | 2 | 12 | 1 | 2 | ||
| Other undisclosed noncurrent assets | 250 | ||||||||
| Total noncurrent assets: | 781 | 692 | 874 | 525 | 170 | 127 | 154 | ||
| TOTAL ASSETS: | 2,616 | 2,137 | 1,886 | 1,422 | 655 | 598 | 332 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 86 | 119 | 73 | 65 | 47 | 48 | 28 | ||
| Accounts payable | 24 | 24 | 12 | 11 | 10 | 7 | 6 | ||
| Accrued liabilities | 44 | 24 | 22 | 16 | 21 | 18 | |||
| Employee-related liabilities | 62 | 51 | 37 | 32 | 21 | 20 | 4 | ||
| Deferred revenue | 8 | 2 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 3 | 189 | |||||||
| Restructuring reserve | 3 | ||||||||
| Customer refund liability | 34 | 21 | 19 | 15 | 8 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 32 | 20 | |||
| Other liabilities | 53 | ||||||||
| Other undisclosed current liabilities | 156 | 63 | 48 | 26 | 29 | 14 | 21 | ||
| Total current liabilities: | 338 | 205 | 143 | 105 | 115 | 271 | 52 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 51 | 49 | 48 | 381 | |||||
| Long-term debt, excluding current maturities | 381 | ||||||||
| Operating lease, liability | 51 | 49 | 48 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 17 | 4 | 9 | 17 | 255 | 238 | 3 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 239 | 237 | |||
| Deferred revenue | 9 | 4 | 7 | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 16 | ✕ | ✕ | ✕ | ||
| Restructuring reserve | 1 | ||||||||
| Other liabilities | 8 | 1 | 2 | 1 | 17 | 1 | 2 | ||
| Other undisclosed noncurrent liabilities | 12 | ||||||||
| Total noncurrent liabilities: | 68 | 54 | 57 | 29 | 255 | 238 | 384 | ||
| Total liabilities: | 406 | 258 | 200 | 135 | 370 | 508 | 437 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 2,211 | 1,879 | 1,686 | 1,287 | 285 | 89 | (104) | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 2,428 | 2,322 | 2,242 | 2,168 | 2,114 | 2,073 | 1,833 | ||
| Accumulated other comprehensive income (loss) | (1) | 4 | 3 | (1) | (0) | (0) | (0) | ||
| Accumulated deficit | (217) | (448) | (559) | (880) | (1,829) | (1,983) | (1,937) | ||
| Total stockholders' equity: | 2,211 | 1,879 | 1,686 | 1,287 | 285 | 89 | (104) | ||
| TOTAL LIABILITIES AND EQUITY: | 2,616 | 2,137 | 1,886 | 1,422 | 655 | 598 | 332 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,435 | 988 | 968 | 854 | 452 | 191 | 37 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 452 | 191 | 37 | |
| Cost of revenue (Cost of Goods and Services Sold) | (53) | (36) | (33) | (26) | (1) | (1) | (1) | |
| Gross profit: | 1,382 | 951 | 935 | 827 | 451 | 191 | 36 | |
| Operating expenses | (1,095) | (841) | (598) | (415) | (287) | (220) | (159) | |
| Other undisclosed operating income | 33 | 26 | 1 | 1 | 1 | |||
| Operating income (loss): | 287 | 110 | 369 | 439 | 166 | (28) | (121) | |
| Nonoperating income (expense) | (0) | 1 | 29 | 13 | (7) | (42) | (48) | |
| Other nonoperating income (expense) | (0) | 1 | 1 | 0 | (4) | 5 | 0 | |
| Interest and debt expense | (6) | (14) | (49) | |||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 20 | 6 | 14 | 49 | ||||
| Income (loss) from continuing operations before income taxes: | 286 | 131 | 398 | 452 | 159 | (70) | (170) | |
| Income tax expense (benefit) | (63) | (19) | (77) | 238 | (4) | (0) | ||
| Net income (loss): | 223 | 112 | 321 | 690 | 154 | (70) | (170) | |
| Other undisclosed net income attributable to parent | 8 | |||||||
| Net income (loss) attributable to parent: | 231 | 112 | 321 | 690 | 154 | (70) | (170) | |
| Undistributed earnings (loss) allocated to participating securities, basic | (0) | ✕ | ✕ | |||||
| Net income (loss) available to common stockholders, basic: | 231 | 112 | 321 | 690 | 154 | (70) | (170) | |
| Other undisclosed net income available to common stockholders, diluted | 0 | |||||||
| Net income (loss) available to common stockholders, diluted: | 231 | 112 | 321 | 690 | 154 | (70) | (170) | |
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 income (loss): | 223 | 112 | 321 | 690 | 154 | (70) | (170) | |
| Other comprehensive income | 0 | |||||||
| Comprehensive income (loss): | 223 | 112 | 321 | 690 | 154 | (70) | (170) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 2 | 1 | 4 | (1) | 0 | (0) | (0) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 226 | 113 | 325 | 690 | 154 | (70) | (170) | |
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.