Precigen, Inc. (PGEN) Financial Statements (2024 and earlier)

Company Profile

Business Address 20374 SENECA MEADOWS PARKWAY
GERMANTOWN, MD 20876
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments55,950115,160100,11775,053222,45674,384
Cash and cash equivalents4,85842,92051,79265,793102,76868,111
Short-term investments51,09272,24048,3259,260119,6886,273
Restricted cash and investments 43,339     
Receivables13,80421,47120,42721,25025,32437,688
Inventory, net of allowances, customer advances and progress billings 28713,26111,35916,09721,44720,493
Inventory 28713,26111,35916,09721,44720,493
Disposal group, including discontinued operation   9,853110,821  
Other undisclosed current assets4,7796,7367,19211,42216,25621,482
Total current assets:118,159156,628148,948234,643285,483154,047
Noncurrent Assets
Operating lease, right-of-use asset8,08610,9009,35325,228
Property, plant and equipment7,32934,31534,92460,969128,874112,674
Long-term investments and receivables 48,562 1,46118,85928,685
Long-term investments 48,562 1,46118,85928,685
Intangible assets, net (including goodwill)81,378108,263119,759132,100278,876386,166
Goodwill36,92354,14854,36363,754149,585153,289
Intangible assets, net (excluding goodwill)44,45554,11565,39668,346129,291232,877
Restricted cash and investments     427 
Other noncurrent assets1,0251,1881,6031,3622,0964,054
Other undisclosed noncurrent assets     1,562161,225
Total noncurrent assets:97,818203,228165,639221,120430,694692,804
TOTAL ASSETS:215,977359,856314,587455,763716,177846,851
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34,19228,22322,24432,05744,72736,255
Employee-related liabilities11,2238,09714,09110,6876,474
Accounts payable4,0685,4054,5985,91713,4208,701
Accrued liabilities30,12411,5959,54912,04920,62021,080
Deferred revenue254,4422,8005,697
Debt 43,21940236035,852559502
Disposal group, including discontinued operation   14,04747,333  
Deferred revenue and credits42,870
Due to related parties 271951256313
Contract with customer, liability15,554
Other undisclosed current liabilities1,2091,5512,6571,922466233
Total current liabilities:78,64534,64542,127122,91261,56280,173
Noncurrent Liabilities
Long-term debt and lease obligation  192,251179,266210,170211,2357,535
Long-term debt, excluding current maturities  182,749171,522186,321211,2357,535
Liabilities, other than long-term debt11,07325,61226,02050,97057,445212,598
Deferred revenue and credits193,527
Deferred revenue1,81823,02323,02348,136
Contract with customer, liability54,210
Deferred tax liabilities, net 15,620
Deferred income tax liabilities2,2632,5392,8972,834
Other liabilities  50100 3,2353,451
Operating lease, liability6,9929,5027,74423,849
Other undisclosed noncurrent liabilities     7,213 
Total noncurrent liabilities:11,073217,863205,286261,140275,893220,133
Total liabilities:89,718252,508247,413384,052337,455300,306
Equity
Equity, attributable to parent126,259107,34867,17471,711362,855533,631
Additional paid in capital1,998,3142,022,7011,886,5671,752,0481,722,0121,397,005
Accumulated other comprehensive income (loss)(3,488)2033,997(27,468)(28,612)(15,554)
Accumulated deficit(1,868,567)(1,915,556)(1,823,390)(1,652,869)(1,330,545)(847,820)
Equity, attributable to noncontrolling interest     15,86712,914
Total equity:126,259107,34867,17471,711378,722546,545
TOTAL LIABILITIES AND EQUITY:215,977359,856314,587455,763716,177846,851

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues26,909103,873103,17890,722160,574230,981
Revenue, net85,402
Cost of revenue
(Cost of Goods and Services Sold)
      (33,263)
Gross profit:26,909103,873103,17890,722160,574197,718
Operating expenses(482) (9,635)(120,489)(666,184)(368,871)
Other undisclosed operating income      33,263
Operating income (loss):26,427103,87393,543(29,767)(505,610)(137,890)
Nonoperating income (expense)     (19,016)22,473
Investment income, nonoperating     19,08419,485
Interest and debt expense961   (8,530)(611)
Income (loss) from continuing operations before equity method investments, income taxes:27,388103,87393,543(29,767)(533,156)(116,028)
Income (loss) from equity method investments862(3)(1,176)(6,730)(11,608)(14,283)
Other undisclosed income (loss) from continuing operations before income taxes(108,216)(200,795)(196,222)(172,190)8,530611
Loss from continuing operations before income taxes:(79,966)(96,925)(103,855)(208,687)(536,234)(129,700)
Income tax benefit1891608293021,5282,880
Loss from continuing operations:(79,777)(96,765)(103,773)(207,757)(514,706)(126,820)
Loss before gain (loss) on sale of properties:(92,166)(170,521)(207,757)(514,706)(126,820)
Income (loss) from discontinued operations 108,0944,599(66,748)   
Other undisclosed net loss    (116,159)  
Net income (loss):28,317(92,166)(170,521)(323,916)(514,706)(126,820)
Net income attributable to noncontrolling interest    1,5925,3709,802
Other undisclosed net loss attributable to parent      
Net income (loss) available to common stockholders, diluted:28,317(92,166)(170,521)(322,324)(509,336)(117,018)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):28,317(92,166)(170,521)(323,916)(514,706)(126,820)
Other comprehensive income (loss)(3,691)  1,155(13,132)20,686
Other undisclosed comprehensive income (loss)  (3,794)31,465   
Comprehensive income (loss):24,626(95,960)(139,056)(322,761)(527,838)(106,134)
Comprehensive income, net of tax, attributable to noncontrolling interest    1,5815,5489,764
Other undisclosed comprehensive loss, net of tax, attributable to parent(2)     
Comprehensive income (loss), net of tax, attributable to parent:24,624(95,960)(139,056)(321,180)(522,290)(96,370)

Statements Sources

The financial statements are based on the Company's filings with 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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