PTC Therapeutics, Inc. (PTCT) financial statements (2022 and earlier)
Company profile
| Business Address |
100 CORPORATE COURT SOUTH PLAINFIELD, NJ 07080-2449 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 2834 - Pharmaceutical Preparations (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 | 773 | 1,104 | 687 | 228 | 191 | 232 | 339 | ||
| Cash and cash equivalents | 190 | 209 | 288 | 169 | 112 | 58 | 58 | ||
| Short-term investments | 584 | 895 | 399 | 58 | 79 | 173 | 281 | ||
| Receivables | 110 | 70 | 56 | 68 | 40 | 25 | 11 | ||
| Inventory, net of allowances, customer advances and progress billings | 16 | 19 | 19 | 16 | 11 | 2 | |||
| Inventory | 16 | 19 | 19 | 16 | 11 | 2 | |||
| Other undisclosed current assets | 55 | 39 | 18 | 9 | 7 | 3 | 6 | ||
| Total current assets: | 954 | 1,232 | 779 | 321 | 249 | 261 | 356 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 77 | 84 | 14 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 53 | 34 | 22 | 13 | 8 | 7 | 9 | ||
| Intangible assets, net (including goodwill) | 807 | 798 | 793 | 783 | 133 | ||||
| Goodwill | 82 | 82 | 82 | 82 | |||||
| Intangible assets, net (excluding goodwill) | 725 | 715 | 711 | 701 | 133 | ||||
| Regulated entity, other noncurrent assets | 3 | ||||||||
| Other undisclosed noncurrent assets | 47 | 61 | 16 | 2 | 1 | 1 | 0 | ||
| Total noncurrent assets: | 984 | 977 | 844 | 798 | 143 | 8 | 12 | ||
| TOTAL ASSETS: | 1,938 | 2,208 | 1,624 | 1,119 | 392 | 269 | 368 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 289 | 242 | 159 | 128 | 76 | 49 | 45 | ||
| Accounts payable | 23 | 19 | 10 | 6 | 15 | 6 | 12 | ||
| Accrued liabilities | 52 | 30 | 13 | 22 | 4 | 4 | 8 | ||
| Employee-related liabilities | 56 | 53 | 39 | 28 | 18 | 14 | 11 | ||
| Taxes payable | 1 | 4 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 157 | 136 | 97 | 73 | 39 | 25 | 14 | ||
| Deferred revenue | 4 | 8 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 153 | 1 | 25 | 12 | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 4 | 0 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | 4 | ✕ | ✕ | ✕ | ||
| Other liabilities | 1 | 1 | 8 | 4 | 2 | 1 | |||
| Other undisclosed current liabilities | 67 | 28 | 35 | 19 | |||||
| Total current liabilities: | 509 | 277 | 236 | 167 | 82 | 50 | 45 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 376 | 412 | 294 | 141 | 145 | 98 | 95 | ||
| Long-term debt, excluding current maturities | 282 | 309 | 294 | 141 | 145 | 98 | 95 | ||
| Finance lease, liability | 20 | 23 | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, liability | 74 | 79 | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 377 | 379 | 500 | 442 | 8 | 2 | 2 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 8 | 2 | |||
| Deferred revenue | 3 | ✕ | ✕ | ✕ | ✕ | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | 10 | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 122 | |||||
| Deferred income tax liabilities | 137 | 137 | 131 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 1 | 9 | 0 | 0 | 0 | 2 | |||
| Business combination, contingent consideration, liability | 240 | 240 | 356 | 310 | |||||
| Other undisclosed noncurrent liabilities | 675 | 659 | 18 | ||||||
| Total noncurrent liabilities: | 1,427 | 1,449 | 794 | 602 | 153 | 100 | 97 | ||
| Total liabilities: | 1,937 | 1,726 | 1,029 | 768 | 235 | 150 | 142 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1 | 482 | 594 | 351 | 156 | 120 | 226 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 2,124 | 2,172 | 1,795 | 1,288 | 967 | 856 | 820 | ||
| Accumulated other comprehensive income (loss) | (24) | (61) | (11) | 1 | 4 | (1) | (1) | ||
| Accumulated deficit | (2,098) | (1,629) | (1,190) | (939) | (814) | (735) | (593) | ||
| Total stockholders' equity: | 1 | 482 | 594 | 351 | 156 | 120 | 226 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,938 | 2,208 | 1,624 | 1,119 | 392 | 269 | 368 | ||
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 | 539 | 381 | 307 | 265 | 194 | 83 | 37 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 194 | 83 | 37 | |
| Cost of revenue (Cost of Goods and Services Sold) | (2) | (1) | (12) | (2) | (5) | |||
| Gross profit: | 536 | 380 | 295 | 263 | 190 | 83 | 37 | |
| Operating expenses | (913) | (813) | (548) | (380) | (259) | (215) | (204) | |
| Other undisclosed operating income | 2 | 1 | 12 | 2 | 5 | |||
| Operating loss: | (374) | (432) | (241) | (116) | (64) | (132) | (167) | |
| Nonoperating income (expense) | (58) | 142 | 25 | 0 | (1) | (1) | (0) | |
| Foreign currency transaction gain, before tax | 57 | 12 | 0 | 0 | ||||
| Other nonoperating income (expense) | (58) | 85 | 14 | 0 | (1) | (1) | (0) | |
| Interest and debt expense | (1) | (1) | (1) | (0) | (0) | (0) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (112) | (23) | (12) | (12) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (432) | (403) | (240) | (128) | (78) | (134) | (168) | |
| Other undisclosed loss from continuing operations before income taxes | (86) | (8) | (2) | |||||
| Loss from continuing operations before income taxes: | (518) | (403) | (240) | (128) | (78) | (142) | (170) | |
| Income tax expense (benefit) | (6) | (35) | (12) | 0 | (1) | (1) | (0) | |
| Net loss available to common stockholders, diluted: | (524) | (438) | (252) | (128) | (79) | (142) | (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 loss: | (524) | (438) | (252) | (128) | (79) | (142) | (170) | |
| Other comprehensive income (loss) | (12) | (3) | 5 | (0) | ||||
| Comprehensive loss: | (524) | (438) | (264) | (131) | (74) | (142) | (171) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 37 | (50) | (0) | |||||
| Comprehensive loss, net of tax, attributable to parent: | (487) | (489) | (264) | (131) | (74) | (142) | (171) | |
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.