Verastem, Inc. (VSTM) financial statements (2021 and earlier)

Company profile

Business Address 117 KENDRICK STREET
NEEDHAM, MA 02494
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:111250878111093101
Cash and cash equivalents441308232253419
Short-term investments32120449855982
Other undisclosed cash, cash equivalents, and short-term investments3600    
Receivables   000 
Inventory, net of allowances, customer advances and progress billings30    
Inventory30     
Prepaid expense   0000
Other undisclosed current assets(29)310021
Total current assets:85253888111195102
Noncurrent Assets
Operating lease, right-of-use asset3
Property, plant and equipment1111231
Long-term investments and receivables      22
Long-term investments      22
Intangible assets, net (including goodwill)2022    
Intangible assets, net (excluding goodwill)2022     
Restricted cash and investments35 0000 
Other noncurrent assets1111 00
Total noncurrent assets:6024222323
TOTAL ASSETS:145277908411399125
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2931171110119
Accounts payable101094433
Accrued liabilities192187664
Employee-related liabilities     22
Debt06     
Deferred compensation liability    001
Derivative instruments and hedges, liabilities0      
Deferred revenue and credits   00
Other liabilities     1 
Other undisclosed current liabilities     (3)(2)
Total current liabilities:303717111098
Noncurrent Liabilities
Long-term debt and lease obligation10711515    
Long-term debt, excluding current maturities10411515    
Operating lease, liability3
Liabilities, other than long-term debt1100   
Other liabilities1100   
Total noncurrent liabilities:108116150   
Total liabilities:13815332111098
Stockholders' equity
Stockholders' equity attributable to parent7124587210289117
Common stock0000000
Additional paid in capital532500361308301230205
Accumulated other comprehensive income (loss)00(0)0000
Accumulated deficit(525)(376)(303)(235)(199)(141)(88)
Total stockholders' equity:7124587210289117
Other undisclosed liabilities and equity    110
TOTAL LIABILITIES AND EQUITY:145277908411399125

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1727     
Cost of revenue(3)(0)     
Cost of goods and services sold(2)(0)     
Gross profit:1527     
Operating expenses(147)(122)(68)(37)(58)(54)(41)
Other undisclosed operating income 0     
Operating loss:(132)(95)(68)(37)(58)(54)(41)
Nonoperating income42811000
Investment income, nonoperating4311000
Other nonoperating income (expense)(1)26     
Interest and debt expense(21)(6)(1)    
Net loss available to common stockholders, basic:(149)(72)(68)(36)(58)(53)(41)
Interest on convertible debt 3     
Other undisclosed net loss available to common stockholders, diluted (26)     
Net loss available to common stockholders, diluted:(149)(95)(68)(36)(58)(53)(41)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(149)(72)(68)(36)(58)(53)(41)
Comprehensive loss:(149)(72)(68)(36)(58)(53)(41)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)0(0)(0)0(0)0
Comprehensive loss, net of tax, attributable to parent:(149)(72)(68)(36)(58)(53)(41)

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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