Sage Therapeutics, Inc. (SAGE) financial statements (2022 and earlier)

Company profile

Business Address 215 FIRST STREET
CAMBRIDGE, MA 02142
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 investments1,7422,1001,008923519397187
Cash and cash equivalents2941,661127191306169187
Short-term investments1,448438882732213229 
Receivables19      
Deferred costs      0
Other undisclosed current assets40232722652
Total current assets:1,8012,1221,035945525403188
Noncurrent Assets
Operating lease, right-of-use asset162534
Property, plant and equipment3796410
Restricted cash and investments1222110
Other noncurrent assets434    
Other undisclosed noncurrent assets      0
Total noncurrent assets:2537498521
TOTAL ASSETS:1,8252,1591,084953530405189
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities785910286523515
Accounts payable10415349135
Accrued liabilities67558752432210
Debt  10    
Other undisclosed current liabilities79     
Total current liabilities:856711286523515
Noncurrent Liabilities
Long-term debt and lease obligation111927    
Operating lease, liability111927
Liabilities, other than long-term debt0014310
Other liabilities0014310
Total noncurrent liabilities:1120274310
Total liabilities:968713990543615
Stockholders' equity
Stockholders' equity attributable to parent1,7292,072945863475369174
Common stock0000000
Treasury stock, value(0)(0)(0)(0)(0)(0) 
Additional paid in capital3,2273,1102,5871,8271,066689335
Accumulated other comprehensive income (loss)(3)01(1)(0)(0) 
Accumulated deficit(1,495)(1,037)(1,644)(963)(590)(320)(161)
Total stockholders' equity:1,7292,072945863475369174
TOTAL LIABILITIES AND EQUITY:1,8252,1591,084953530405189

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
Revenues61,114790   
Gross profit:61,114790   
Operating expenses(467)(518)(715)(484)(273)(160)(95)
Operating income (loss):(461)596(708)(393)(273)(160)(95)
Nonoperating income (expense)(13)(1)710(0)(0)(0)
Investment income, nonoperating(13)(1)710   
Other nonoperating income (expense)0000(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes 11     
Income (loss) from continuing operations before equity method investments, income taxes:(474)606(701)(383)(273)(160)(95)
Other undisclosed income from continuing operations before income taxes16      
Income (loss) before gain (loss) on sale of properties:(458)606(701)(383)(273)(160)(95)
Other undisclosed net income  2110   
Net income (loss):(458)606(680)(373)(273)(160)(95)
Other undisclosed net income attributable to parent    310
Net income (loss) available to common stockholders, diluted:(458)606(680)(373)(270)(159)(94)

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):(458)606(680)(373)(273)(160)(95)
Other comprehensive income (loss)(3)(1)2(0)0(0) 
Comprehensive income (loss):(461)605(678)(373)(273)(160)(95)
Other undisclosed comprehensive income, net of tax, attributable to parent    31 
Comprehensive income (loss), net of tax, attributable to parent:(461)605(678)(373)(270)(159)(95)

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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