Incyte corp (INCY)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Revenues:
Total revenues

568,507

579,389

551,581

529,932

497,857

528,402

449,683

521,516

382,282

444,156

381,534

326,444

384,082

326,498

269,469

246,288

263,464

243,881

187,611

162,984

159,275

123,974

198,147

99,582

89,792

97,072

85,123

101,675

71,077

113,846

60,492

86,542

36,179

28,889

16,782

16,811

31,973

85,871

16,872

49,847

17,288

Costs and expenses:
Cost of product revenues (including definite-lived intangible amortization)

27,319

32,215

30,040

29,406

22,588

26,366

24,795

24,856

18,106

22,359

22,036

20,260

14,824

19,610

20,205

12,367

6,005

9,704

8,040

6,254

2,974

2,428

221

187

168

168

155

157

150

99

31

16

11

-

-

-

-

-

-

-

-

Research and development

1,085,287

312,867

281,336

289,363

270,545

304,238

292,527

298,089

303,103

446,871

269,557

201,786

407,920

161,584

143,184

120,269

156,824

116,631

132,073

112,445

118,365

98,718

88,537

84,683

75,585

75,019

71,704

60,950

52,763

59,764

50,079

51,588

48,960

51,774

44,604

46,047

36,282

32,949

30,609

28,883

31,439

Selling, general and administrative

111,148

136,177

102,608

105,943

123,983

108,358

96,522

108,029

121,498

97,726

91,265

90,066

87,229

96,087

75,776

66,792

64,596

52,465

47,599

51,679

44,871

48,453

39,446

40,899

36,974

38,026

26,447

23,249

22,261

23,728

20,520

19,719

21,396

21,254

14,282

11,858

10,825

10,591

8,458

7,485

5,794

Change in fair value of acquisition-related contingent consideration

6,627

3,122

3,281

6,608

6,671

7,465

4,720

7,303

6,685

9,618

-16,343

7,073

7,356

-

8,012

2,271

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Collaboration loss sharing

2,130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

20

691

20

-139

-145

-115

Total costs and expenses

1,232,511

484,381

417,265

431,320

423,787

446,427

418,564

438,277

449,392

576,574

366,515

319,185

517,329

284,420

247,177

201,699

227,425

178,800

187,712

170,378

166,210

149,599

128,204

125,769

112,727

113,213

98,306

84,356

75,174

83,591

70,630

71,323

70,367

73,029

58,886

57,925

47,798

43,560

38,928

36,223

37,118

Income (loss) from operations

-664,004

95,008

134,316

98,612

74,070

81,975

31,119

83,239

-67,110

-132,418

15,019

7,259

-133,247

42,078

22,292

44,589

36,039

65,081

-101

-7,394

-6,935

-25,625

69,943

-26,187

-22,935

-16,141

-13,183

17,319

-4,097

30,255

-10,138

15,219

-34,188

-44,140

-42,104

-41,114

-15,825

42,311

-22,056

13,624

-19,830

Other income (expense), net

8,662

15,848

11,961

15,000

9,373

11,279

10,211

5,808

4,462

6,446

5,494

4,066

1,147

595

1,188

1,137

1,492

1,289

3,026

1,144

1,630

940

885

790

735

495

385

245

199

370

27

315

52

213

45

132

72

867

212

142

195

Interest expense

602

607

597

316

335

355

405

398

385

373

204

384

5,939

9,470

9,479

9,662

10,134

10,213

11,209

11,494

12,687

12,516

11,463

11,406

11,443

8,932

7,699

10,293

11,728

11,765

11,573

11,430

11,290

11,153

11,019

10,888

10,759

10,638

10,515

10,391

11,779

Unrealized gain (loss) on long term investments

-48,132

15,755

2,339

-4,625

20,989

-22,182

-9,949

-34,641

22,679

-21,932

23,045

-19,574

-5,814

-23,758

24,301

-854

-2,950

-

-31,289

27,174

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expense related to senior note conversions

-

-

-

-

-

-

-

-

-

0

0

751

54,130

-

-

-

-

-

-

-

-

0

0

0

265

-

1,491

9,771

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt redemption

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-3,988

Income (loss) before provision for income taxes

-704,076

126,004

148,019

108,671

104,097

70,717

30,976

54,008

-40,354

-148,277

43,354

-9,384

-197,983

9,445

38,302

35,210

24,447

55,691

-39,573

9,430

-17,992

-37,201

59,365

-36,803

-33,908

-42,734

-21,988

-2,500

-15,626

18,860

-21,684

4,104

-45,426

-

-53,078

-51,870

-

32,540

-32,359

3,375

-35,402

Provision for income taxes

16,600

14,985

19,700

3,400

1,800

1,668

1,800

1,600

786

1,352

7,300

3,100

-10,900

572

1,425

785

400

513

9

136

367

-257

72

70

49

136

49

71

43

-

26

67

-

-

-

-

-

-

-658

331

327

Net (loss) income

-720,642

111,005

128,271

105,318

102,312

69,063

29,176

52,394

-41,140

-149,629

36,054

-12,484

-187,083

8,873

36,877

34,425

24,047

55,178

-39,582

9,294

-18,359

-36,944

59,293

-36,873

-33,957

-42,870

-22,037

-2,571

-15,669

18,779

-21,710

4,037

-45,426

-55,080

-53,078

-51,870

-26,512

32,540

-31,701

3,044

-35,729

Basic and diluted net loss per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-0.96

-

-

-

-

-

-

-

-

-

-

-

-0.21

-

-

-0.02

-0.12

-

-0.17

-

-0.36

-

-0.42

-

-0.21

-

-0.26

-

-

Shares used in computing basic and diluted net loss per share (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

195,260

-

-

-

-

-

-

-

-

-

-

-

165,357

-

-

142,284

134,345

-

130

-

127,203

-

126,260

-

-

-

-

-

-

Net income (loss) per share:
Basic

-3.33

0.51

0.60

0.49

0.48

0.32

0.14

0.25

-0.19

-

0.17

-0.06

-

0.04

0.20

0.18

0.13

0.32

-0.22

0.05

-0.11

-

0.35

-0.22

-

-

-0.14

-

-

-

-

0.03

-

-

-

-0.41

-

-

-

0.03

-0.30

Diluted

-3.33

0.51

0.59

0.48

0.47

0.32

0.14

0.24

-0.19

-

0.17

-0.06

-

0.05

0.19

0.18

0.12

0.31

-0.22

0.05

-0.11

-

0.33

-0.22

-

-

-0.14

-

-

-

-

0.03

-

-

-

-0.41

-

-

-

0.02

-0.30

Shares used in computing net income (loss) per share:
Basic

216,721

215,768

215,199

214,620

214,065

213,014

212,627

212,210

211,681

-

206,796

205,141

-

188,597

188,029

187,682

187,184

536,666

181,387

178

172

-

168,592

167,914

-

-

155,067

-

-

-

-

129,224

-

-

-

125,330

123,467

-

122,189

121,630

119,727

Diluted

216,721

218,293

217,791

217,483

217,061

219,792

215,964

215,103

211,681

-

212,610

205,141

-

196,595

194,265

193,015

192,625

567,462

181,387

186

172

-

189,046

167,914

-

-

155,067

-

-

-

-

137,969

-

-

-

125,330

123,467

-

122,189

128,291

119,727

Product revenues, net
Total revenues

486,727

490,778

453,998

433,897

396,249

399,156

367,715

365,524

334,505

321,809

322,029

291,667

264,807

250,398

236,623

212,116

183,267

182,020

161,259

142,406

115,330

106,049

97,837

84,025

69,651

72,854

60,201

54,099

48,289

43,300

43,695

29,727

19,279

-

-

-

-

-

-

-

-

Product royalty revenues
Total revenues

81,780

88,611

80,083

76,035

61,608

69,188

61,923

55,953

47,716

52,314

44,487

34,769

29,221

33,224

29,626

25,958

21,903

23,646

18,138

17,364

15,673

14,707

12,093

12,340

9,826

8,358

8,184

5,800

5,909

-

-

-

-

-

-

74

235

-

135

110

551

Other revenues
Total revenues

-

-

-

-

-

58

45

39

61

33

18

8

54

6

6

0

80

0

0

0

58

3

3

3

101

24

1

39

142

157

60

78

163

-

45

-

-

-

-

-

-

Milestone revenues
Total revenues

-

0

17,500

20,000

40,000

-

20,000

100,000

-

70,000

15,000

0

90,000

42,870

3,214

8,214

58,214

38,215

8,214

3,214

28,214

3,215

88,214

3,214

10,214

15,836

16,737

41,737

16,737

66,737

16,737

56,737

16,737

26,736

16,737

16,737

31,738

85,737

16,737

49,737

16,737