Rhythm Pharmaceuticals, Inc. (RYTM) financial statements (2022 and earlier)

Company profile

Business Address 222 BERKELEY STREET
BOSTON, MA 02116
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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:294,855172,792292,459252,061148,082
Cash and cash equivalents59,248100,85462,29449,54234,236
Short-term investments235,60771,938  113,846
Other undisclosed cash, cash equivalents, and short-term investments  230,165202,519 
Receivables1,025    
Inventory, net of allowances, customer advances and progress billings111    
Inventory111    
Other current assets4,1033,0483,5071,3401,056
Other undisclosed current assets8,2935,8286,4385,2881,533
Total current assets:308,387181,668302,404258,689150,671
Noncurrent Assets
Operating lease, right-of-use asset1,5221,8072,045
Property, plant and equipment2,8133,1953,6711,120840
Long-term investments and receivables11,815    
Long-term investments11,815    
Intangible assets, net (including goodwill)4,658    
Intangible assets, net (excluding goodwill)4,658    
Other undisclosed noncurrent assets328403403401225
Total noncurrent assets:21,1365,4056,1191,5211,065
TOTAL ASSETS:329,523187,073308,523260,210151,736
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities35,82117,45923,94513,5826,637
Accounts payable5,7374,90010,4157,6402,427
Accrued liabilities30,08412,55913,5305,9424,210
Deferred revenue7,000  
Debt  472  
Deferred revenue and credits83
Other undisclosed current liabilities606535   
Total current liabilities:43,42717,99424,41713,5826,720
Noncurrent Liabilities
Long-term debt and lease obligation1,9452,5513,086  
Finance lease, liability1,9452,5513,086
Liabilities, other than long-term debt   372228
Deferred revenue and credits228
Deferred rent credit   372
Total noncurrent liabilities:1,9452,5513,086372228
Total liabilities:45,37220,54527,50313,9546,948
Stockholders' equity
Stockholders' equity attributable to parent284,151166,528281,020246,256144,788
Common stock5044443427
Additional paid in capital813,041625,762606,307430,824255,013
Accumulated other comprehensive income (loss)(1)49   
Accumulated deficit(528,939)(459,327)(325,331)(184,602)(110,252)
Total stockholders' equity:284,151166,528281,020246,256144,788
TOTAL LIABILITIES AND EQUITY:329,523187,073308,523260,210151,736

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,154    
Cost of revenue
(Cost of Goods and Services Sold)
(599)   (180)
Gross profit:2,555   (180)
Operating expenses(172,614)(136,575)(146,000)(78,417)(32,412)
Other undisclosed operating income    180
Operating loss:(170,059)(136,575)(146,000)(78,417)(32,412)
Nonoperating income (expense)100,4472,5795,2714,353(1,297)
Investment income, nonoperating4472,5795,2714,353566
Other nonoperating income100,000    
Net loss attributable to parent:(69,612)(133,996)(140,729)(74,064)(33,709)
Preferred stock dividends and other adjustments    (3,873)
Net loss available to common stockholders, diluted:(69,612)(133,996)(140,729)(74,064)(37,582)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(69,612)(133,996)(140,729)(74,064)(33,709)
Other comprehensive loss  (140,585)  
Comprehensive loss:(69,612)(133,996)(281,314)(74,064)(33,709)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)49   
Comprehensive loss, net of tax, attributable to parent:(69,613)(133,947)(281,314)(74,064)(33,709)

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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