Seagen Inc. (SGEN) financial statements (2023 and earlier)

Company profile

Business Address 21823 30TH DRIVE SE
BOTHELL, WA 98021
State of Incorp. WA
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 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 investments2,1602,559811411413589650
Cash and cash equivalents42555827578161109102
Short-term investments1,7352,001536332252480547
Receivables390325236146856253
Inventory, net of allowances, customer advances and progress billings2011168653606857
Inventory2011168653606857
Other undisclosed current assets119624443191612
Total current assets:2,8693,0621,177654577735771
Noncurrent Assets
Operating lease, right-of-use asset586165
Property, plant and equipment2101971551041046350
Long-term investments and receivables 1015749 3063
Long-term investments 1015749 3063
Intangible assets, net (including goodwill)535558575575   
Goodwill275275275275   
Intangible assets, net (excluding goodwill)261284300300   
Other noncurrent assets47211771221971111
Total noncurrent assets:8509391,029850301104124
TOTAL ASSETS:3,7204,0012,2061,503878838895
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:56938825919113312188
Accounts payable115785244292921
Accrued liabilities454310207147   
Employee-related liabilities    383025
Other undisclosed accounts payable and accrued liabilities    656242
Deferred revenue and credits342846
Contract with customer, liability34
Total current liabilities:569388259225167149134
Noncurrent Liabilities
Long-term debt and lease obligation576268    
Operating lease, liability576268
Liabilities, other than long-term debt296334315371
Deferred revenue and credits315371
Other liabilities296334   
Other undisclosed noncurrent liabilities    334
Total noncurrent liabilities:86125704335675
Total liabilities:654513330229200204209
Stockholders' equity
Stockholders' equity attributable to parent3,0653,4881,8761,274678634686
Common stock0000000
Additional paid in capital4,6084,3573,3592,5981,8061,7011,613
Accumulated other comprehensive income (loss)110(0)64(0)(1)
Accumulated deficit(1,544)(870)(1,483)(1,325)(1,193)(1,067)(927)
Total stockholders' equity:3,0653,4881,8761,274678634686
TOTAL LIABILITIES AND EQUITY:3,7204,0012,2061,503878838895

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
Revenues1,5742,176917655482418337
Revenue, net482418337
Cost of revenue(312)(218)(18)(63)(35)(42)(37)
Cost of goods and services sold(312)(218) (18)(35)(28)(24)
Gross profit:1,2631,958898592447376299
Operating expenses(1,945)(1,361)(1,119)(852)(643)(519)(420)
Operating income (loss):(682)597(221)(260)(196)(143)(121)
Nonoperating income
(Investment Income, Nonoperating)
 71263730
Other undisclosed income from continuing operations before equity method investments, income taxes 12507   
Income (loss) from continuing operations before equity method investments, income taxes:(682)616(159)(246)(159)(140)(120)
Other undisclosed income from continuing operations before income taxes6      
Income (loss) from continuing operations before income taxes:(676)616(159)(246)(159)(140)(120)
Income tax expense (benefit)1(2) 2433  
Net income (loss) available to common stockholders, diluted:(674)614(159)(223)(126)(140)(120)

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):(674)614(159)(223)(126)(140)(120)
Other comprehensive income (loss)1000641(1)
Comprehensive income (loss), net of tax, attributable to parent:(674)614(158)(222)(62)(139)(121)

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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