La Jolla Pharmaceutical Company (LJPC) financial statements (2022 and earlier)

Company profile

Business Address 201 JONES ROAD, SUITE 400
WALTHAM, MA 02451
State of Incorp. CA
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 investments4721881739166126
Cash and cash equivalents4721881739166126
Receivables9631   
Inventory, net of allowances, customer advances and progress billings6622   
Inventory6622   
Prepaid expense01     
Other undisclosed current assets5345321
Total current assets:6736971819467128
Noncurrent Assets
Operating lease, right-of-use asset01 
Property, plant and equipment0018222532
Intangible assets, net (including goodwill)3335     
Goodwill2020     
Intangible assets, net (excluding goodwill)1315     
Restricted cash and investments00111  
Other undisclosed noncurrent assets  15  00
Total noncurrent assets:343635232532
TOTAL ASSETS:1017213220412071129
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities712222917105
Accounts payable23491173
Accrued liabilities56913111
Employee-related liabilities 388521
Deferred revenue3  
Deferred rent credit   1
Deferred revenue and credits1  
Other undisclosed current liabilities803    
Total current liabilities:1812253019105
Noncurrent Liabilities
Long-term debt and lease obligation00     
Operating lease, liability00 
Liabilities, other than long-term debt14131413  
Deferred revenue and credits13  
Deferred rent credit   14
Other liabilities1413    
Other undisclosed noncurrent liabilities149144151124   
Total noncurrent liabilities:15014816413813  
Total liabilities:16816018816831105
Stockholders' equity
Stockholders' equity attributable to parent, including:(67)(88)(56)368861125
Common stock0000000
Additional paid in capital986985977950803661646
Accumulated deficit(1,057)(1,077)(1,037)(921)(722)(607)(529)
Other undisclosed stockholders' equity attributable to parent4447777
Total stockholders' equity:(67)(88)(56)368861125
TOTAL LIABILITIES AND EQUITY:1017213220412071129

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
Revenues76332310 11
Revenue, net 11
Cost of revenue(12)(8)(2)(2)(2)(1)(1)
Cost of goods and services sold(1)(8)(2)(2)(2)(1)(1)
Gross profit:6426218(2)00
Operating expenses(42)(61)(130)(202)(115)(79)(43)
Other undisclosed operating income    211
Operating income (loss):22(36)(110)(194)(115)(78)(42)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1(0) (5)100
Interest and debt expense(10)(10)(11)(7)   
Income (loss) from continuing operations before equity method investments, income taxes:12(46)(121)(207)(115)(78)(42)
Other undisclosed income from continuing operations before income taxes8      
Income (loss) from continuing operations before income taxes:20(46)(121)(207)(115)(78)(42)
Income tax expense(0)      
Net income (loss):20(46)(121)(207)(115)(78)(42)
Other undisclosed net income attributable to parent 747   
Net income (loss) available to common stockholders, diluted:20(39)(117)(199)(115)(78)(42)

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):20(46)(121)(207)(115)(78)(42)
Comprehensive income (loss), net of tax, attributable to parent:20(46)(121)(207)(115)(78)(42)

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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