Translate Bio, Inc. (TBIO) financial statements (2021 and earlier)
Company profile
| Business Address |
29 HARTWELL AVENUE LEXINGTON, MA 02421 |
| State of Incorp. | DE |
| 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)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments, including: | 654 | 189 | 144 | ||
| Cash and cash equivalents | 342 | 85 | 55 | ||
| Short-term investments | 312 | 104 | 89 | ||
| Other undisclosed cash, cash equivalents, and short-term investments | (0) | (0) | |||
| Restricted cash and investments | 5 | 1 | 1 | ||
| Other undisclosed current assets | 38 | 14 | 4 | ||
| Total current assets: | 697 | 204 | 150 | ||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | 73 | 10 | ✕ | ||
| Property, plant and equipment | 15 | 13 | 10 | ||
| Intangible assets, net (including goodwill) | 100 | 107 | 128 | ||
| Goodwill | 21 | 21 | 21 | ||
| Intangible assets, net (excluding goodwill) | 79 | 86 | 106 | ||
| Other noncurrent assets | 4 | 3 | |||
| Total noncurrent assets: | 193 | 133 | 138 | ||
| TOTAL ASSETS: | 890 | 336 | 288 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 22 | 23 | 12 | ||
| Accounts payable | 9 | 16 | 5 | ||
| Accrued liabilities | 13 | 7 | 7 | ||
| Deferred revenue | 68 | 18 | ✕ | ||
| Debt | 1 | ||||
| Contract with customer, liability | ✕ | ✕ | 3 | ||
| Other undisclosed current liabilities | 12 | ||||
| Total current liabilities: | 101 | 42 | 14 | ||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 51 | 12 | |||
| Operating lease, liability | 51 | 12 | ✕ | ||
| Liabilities, other than long-term debt | 381 | 129 | 148 | ||
| Deferred revenue | 229 | 25 | ✕ | ||
| Contract with customer, liability | ✕ | ✕ | 42 | ||
| Deferred rent credit | 2 | ||||
| Deferred tax liabilities, net | ✕ | ✕ | 0 | ||
| Business combination, contingent consideration, liability | 152 | 104 | 104 | ||
| Total noncurrent liabilities: | 432 | 141 | 148 | ||
| Total liabilities: | 533 | 183 | 162 | ||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent | 357 | 154 | 125 | ||
| Common stock | 0 | 0 | 0 | ||
| Additional paid in capital | 770 | 512 | 371 | ||
| Accumulated other comprehensive income | 1 | 0 | |||
| Accumulated deficit | (413) | (359) | (246) | ||
| Total stockholders' equity: | 357 | 154 | 125 | ||
| TOTAL LIABILITIES AND EQUITY: | 890 | 336 | 288 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|
| Gross profit: | 139 | 8 | 1 | |
| Operating expenses | (194) | (124) | (106) | |
| Operating loss: | (55) | (116) | (104) | |
| Nonoperating income | 2 | 2 | 1 | |
| Investment income, nonoperating | 2 | 1 | ||
| Other nonoperating income (expense) | 2 | (0) | (0) | |
| Loss from continuing operations before income taxes: | (54) | (114) | (103) | |
| Income tax benefit | 0 | 6 | ||
| Net loss attributable to parent: | (54) | (113) | (97) | |
| Preferred stock dividends and other adjustments | (1) | |||
| Net loss available to common stockholders, diluted: | (54) | (113) | (98) | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|
| Net loss: | (54) | (113) | (97) | |
| Comprehensive loss: | (54) | (113) | (97) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1) | 1 | 0 | |
| Comprehensive loss, net of tax, attributable to parent: | (55) | (113) | (97) | |
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.