Orchard Therapeutics plc (ORTX) financial statements (2022 and earlier)

Company profile

Business Address 108 CANNON STREET
LONDON, EC4N 6EU
State of Incorp.
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 thousands)

12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:220,100191,900325,000
Cash and cash equivalents55,91255,13519,053
Other undisclosed cash, cash equivalents, and short-term investments164,188136,765305,947
Receivables4,8312,8951,442
Inventory, net of allowances, customer advances and progress billings2,016665 
Inventory2,016665 
Prepaid expense6,1284,930 
Other undisclosed current assets42,24623,14523,454
Total current assets:275,321223,535349,896
Noncurrent Assets
Operating lease, right-of-use asset24,31629,81519,415
Property, plant and equipment4,7674,7817,596
Intangible assets, net (including goodwill)4,149  
Intangible assets, net (excluding goodwill)4,149  
Restricted cash and investments4,2664,2664,264
Other noncurrent assets9,59018,5404,400
Other undisclosed noncurrent assets  13,710
Total noncurrent assets:47,08857,40249,385
TOTAL ASSETS:322,409280,937399,281
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities22,32427,97230,755
Accounts payable10,0088,82311,984
Accrued liabilities3,7957,2686,390
Employee-related liabilities8,52111,88112,381
Deferred revenue346  
Debt7864,8615,892
Other undisclosed current liabilities19,33718,72819,209
Total current liabilities:42,79351,56155,856
Noncurrent Liabilities
Long-term debt and lease obligation51,36444,37240,019
Long-term debt, excluding current maturities32,08620,20424,699
Operating lease, liability19,27824,16815,320
Liabilities, other than long-term debt18,3026,5704,213
Deferred revenue12,519  
Other liabilities5,7836,5704,213
Total noncurrent liabilities:69,66650,94244,232
Total liabilities:112,459102,503100,088
Stockholders' equity
Stockholders' equity attributable to parent209,950178,434299,193
Common stock16,25312,50712,331
Additional paid in capital940,675771,194738,481
Accumulated other comprehensive income3,2463732,042
Accumulated deficit(750,224)(605,640)(453,661)
Total stockholders' equity:209,950178,434299,193
TOTAL LIABILITIES AND EQUITY:322,409280,937399,281

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

12/31/2021
12/31/2020
12/31/2019
Revenues2,7462,5952,513
Sublease income2,746181 
Cost of revenue
(Cost of Goods and Services Sold)
(226)(857)(805)
Gross profit:2,5201,7381,708
Operating expenses(141,882)(158,716)(174,581)
Other undisclosed operating loss(1,071)  
Operating loss:(140,433)(156,978)(172,873)
Nonoperating income (expense)(3,323)4,2687,211
Investment income, nonoperating4123,1857,362
Other nonoperating income (expense)(1,238)3,4111,387
Interest and debt expense(2,497)(2,328)(1,538)
Loss from continuing operations before equity method investments, income taxes:(146,253)(155,038)(167,200)
Other undisclosed income from continuing operations before income taxes2,4972,3281,538
Loss from continuing operations before income taxes:(143,756)(152,710)(165,662)
Income tax expense (benefit)(828)7312,240
Net loss available to common stockholders, diluted:(144,584)(151,979)(163,422)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
Net loss:(144,584)(151,979)(163,422)
Other comprehensive income (loss)2,873(1,669)(1,121)
Comprehensive loss, net of tax, attributable to parent:(141,711)(153,648)(164,543)

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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