REGENERON PHARMACEUTICALS, INC. REGN Income Statement

Regeneron pharmaceuticals, inc. (REGN)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues [Abstract]
Revenues
1,828,200	2,508,700	2,048,400	1,933,700	1,372,600	1,927,800	1,663,500	1,608,000	1,511,500	1,582,420	1,500,673	1,470,116	1,318,991	1,226,800	1,220,122	1,212,629	1,200,849	1,098,077	1,137,422	998,617	869,612	802,329	725,788	665,700	625,740	610,412	597,027	457,642	439,664	414,602	427,687	304,399	231,789	122,977	102,833	107,810	112,204	133,675	105,979	115,886	103,534	117,455	90,032
Sanofi collaboration revenue
-	-	-	-	-	-	-	-	-	-	-	-	210,367	-	144,392	163,414	219,694	165,672	224,735	195,110	173,356	135,271	132,925	142,595	130,508	110,950	134,359	85,529	99,273	104,779	145,042	88,988	85,005	77,032	79,802	84,446	85,329	82,137	75,583	84,941	68,671	68,536	60,732
Bayer Collaboration Revenue
-	-	-	-	-	-	-	-	-	-	-	-	193,939	-	191,298	191,896	179,592	164,809	157,596	134,237	123,846	137,095	135,853	97,295	125,312	85,695	88,583	31,104	14,907	21,791	26,701	9,124	12,483	9,374	10,094	11,123	12,481	34,910	13,761	13,635	13,087	32,153	12,846
Other revenue
-	-	-	-	-	-	-	-	-	-	-	-	56,440	-	26,964	23,100	17,381	18,072	17,529	11,451	27,837	8,445	8,166	7,788	7,542	7,679	6,967	7,116	6,744	8,792	5,893	5,893	5,893	12,491	5,893	5,228	7,845	10,038	10,037	10,037	10,038	10,000	10,000
Other revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	879	875	477	-	1,576	1,974	2,122	1,321	1,662	2,076	1,886	1,793	1,954
Expenses:
Research and development
583,900	838,800	663,400	1,048,300	486,100	601,200	557,000	529,300	498,600	527,941	529,749	509,975	507,435	479,211	543,047	559,930	470,112	461,210	425,924	390,330	343,113	351,745	337,728	294,501	287,379	268,140	224,045	187,463	180,299	181,024	158,295	147,373	138,862	129,041	127,924	143,149	129,392	125,212	122,043	124,526	117,471	105,434	94,231
Selling, general, and administrative
367,300	706,500	419,900	417,300	291,100	491,400	369,200	364,800	330,800	409,880	306,766	306,908	296,846	325,940	270,045	292,038	289,677	294,954	209,993	174,588	158,991	175,307	144,003	96,730	103,227	99,063	97,607	72,463	77,260	57,739	46,883	47,705	58,428	36,349	32,916	24,585	23,411	20,641	15,658	14,679	14,223	12,840	11,632
Other operating (income) expense, net
40,400	-	-	-	56,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
1,128,100	1,833,000	1,309,900	1,618,100	892,600	1,209,700	1,036,600	985,800	944,300	1,043,600	940,747	919,804	888,449	879,838	857,320	921,001	871,541	866,995	745,000	653,758	586,059	586,526	537,324	437,610	434,178	415,317	360,225	299,539	286,614	268,932	225,323	216,921	209,588	168,379	161,290	168,129	153,185	146,452	138,073	139,610	132,411	118,746	106,298
Income from operations
700,100	675,700	738,500	315,600	480,000	718,100	626,900	622,200	567,200	538,820	559,926	550,312	430,542	346,962	362,802	291,628	329,308	231,082	392,422	344,859	283,553	215,803	188,464	228,090	191,562	195,095	236,802	158,103	153,050	145,670	202,364	87,478	22,201	-45,402	-58,457	-60,319	-40,981	-12,777	-32,094	-23,724	-28,877	-1,291	-16,266
Other income (expense):
Other (expense) income, net
-25,400	220,800	37,800	-82,900	73,800	-34,500	16,400	40,800	24,600	21,952	11,861	-19,061	9,248	-2,637	3,575	1,879	3,483	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,140	1,653	180	-	2,591	1,677	937	-	618	954	456	384	517	501	610	799	715	998	1,037	638	453	592	439	857	1,328
Interest and other expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,273	18,516	7,210	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
6,100	6,700	7,800	8,000	7,700	7,500	7,400	6,900	6,400	6,016	6,182	5,401	7,501	11,587	-496	-1,251	-2,640	-	-	-	-	-68,394	9,232	10,177	11,613	11,661	11,736	11,365	11,675	11,495	11,413	11,236	11,160	9,455	4,061	4,047	3,719	2,458	2,234	2,342	2,084	581	0
Loss on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-10,787	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense)
-31,500	214,100	30,000	-90,900	66,100	-42,000	9,000	33,900	18,200	15,936	5,679	-24,462	1,747	-5,450	3,079	628	843	-3,793	867	-16,863	-7,030	-26,080	-6,641	-19,287	-10,676	-13,920	-11,118	-10,411	-11,219	-11,111	-10,896	-10,735	-10,550	-8,656	-3,346	-3,049	-2,682	-1,820	-1,781	-1,750	-1,645	276	1,328
Income before income taxes
668,600	889,800	768,500	224,700	546,100	676,100	635,900	656,100	585,400	554,756	565,605	525,850	432,289	341,512	365,881	292,256	330,151	227,289	393,289	327,996	276,523	189,723	181,823	208,803	180,886	181,175	225,684	147,692	141,831	134,559	191,468	76,743	11,651	-54,058	-61,803	-63,368	-43,663	-14,597	-33,875	-25,474	-30,522	-	-
Income tax expense
44,000	97,800	98,900	31,600	85,000	-144,200	41,200	104,700	107,400	381,248	177,288	138,106	183,358	88,419	101,077	96,038	148,766	72,295	182,891	133,353	200,502	99,628	98,448	112,452	112,581	94,993	84,378	60,316	42,957	-335,848	0	0	0	-615	562	-863	-216	0	0	0	0	-	-
Net Income (Loss) Attributable to Parent
624,600	792,000	669,600	193,100	461,100	820,300	594,700	551,400	478,000	173,508	388,317	387,744	248,931	253,093	264,804	196,218	181,385	154,994	210,398	194,643	76,021	90,095	83,375	96,351	68,305	86,182	141,306	87,376	98,874	470,407	191,468	76,743	11,651	-53,443	-62,365	-62,505	-43,447	-14,597	-33,875	-25,474	-30,522	-1,015	-14,938
Net income per share - basic (in dollars per share)
5.69	7.26	6.12	1.77	4.23	7.59	5.50	5.12	4.44	1.61	3.64	3.66	2.36	2.40	2.53	1.88	1.74	1.50	2.04	1.89	0.74	0.88	0.83	0.96	0.69	0.88	1.44	0.89	1.02	4.97	2.02	0.81	0.12	-0.59	-0.68	-0.69	-0.49	-	-	-	-	-	-
Net income per share - diluted (in dollars per share)
5.43	6.93	5.86	1.68	3.99	7.14	5.17	4.82	4.16	1.52	3.32	3.34	2.16	2.15	2.27	1.69	1.59	1.35	1.82	1.69	0.66	0.79	0.73	0.85	0.61	0.78	1.25	0.79	0.90	4.22	1.72	0.70	0.11	-0.59	-0.68	-0.69	-0.49	-	-	-	-	-	-
Weighted average shares outstanding - basic (in shares)
109,800	109,300	109,400	109,200	108,900	108,200	108,000	107,800	107,600	106,888	106,706	106,034	105,572	105,044	104,833	104,633	104,290	103,783	103,348	102,886	102,227	102,552	100,796	100,391	98,709	98,864	98,226	97,700	96,878	95,693	95,012	94,589	93,446	91,796	91,046	90,436	89,162	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
115,100	114,100	114,200	114,600	115,500	114,700	115,100	114,500	114,900	115,329	117,028	116,137	115,106	118,275	116,466	116,231	114,228	115,198	115,944	115,259	114,519	111,046	117,423	113,032	112,151	108,018	116,713	111,060	109,369	127,797	115,830	110,167	107,734	91,796	91,046	90,436	89,162	-	-	-	-	-	-
Other comprehensive income (loss), net of tax:
Unrealized (loss) gain on debt securities
-28,800	4,400	1,000	14,400	16,100	0	700	3,400	-11,100	-23,945	21,485	8,204	6,956	-9,929	-8,103	840	-4,208	851	-11,432	-28,751	-4,347	25,356	22,632	2,798	2,653	1,663	578	-1,785	-478	738	467	-1,034	525	-131	-827	1,271	316	-	-	-	-	-	-
Unrealized loss on cash flow hedges
-1,400	200	-300	-1,400	-1,000	-1,600	300	600	1,400	770	2	28	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
594,400	796,600	670,300	206,100	476,200	818,700	595,700	555,400	468,300	150,333	409,804	395,976	255,887	243,164	256,701	197,058	177,177	155,845	198,966	165,892	71,674	115,451	106,007	99,149	70,958	87,845	141,884	85,591	98,396	471,145	191,935	75,709	12,176	-53,574	-63,192	-61,234	-43,131	-	-	-	-	-	-
Net loss per share, basic and diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.41	-0.31	-0.38	-0.01	-0.19
Weighted average shares outstanding, basic and diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	81,638	81,492	81,169	79	79
Product
Revenues
1,236,700	1,286,400	1,238,300	1,205,300	1,104,400	1,096,400	1,025,500	996,400	987,900	978,755	957,367	924,133	858,245	862,531	857,468	834,219	784,182	749,524	737,562	657,819	544,573	521,518	448,844	418,022	362,378	406,088	367,118	333,893	318,740	281,471	249,172	199,519	127,931	29,752	5,468	5,039	4,427	5,269	4,936	5,197	9,852	4,973	4,500
Cost of goods sold
78,800	108,500	115,900	67,000	70,900	44,000	30,800	36,000	69,200	52,726	46,388	42,133	61,253	44,510	29,901	41,247	78,942	71,078	67,199	60,855	42,570	37,957	33,655	29,945	27,473	34,491	28,253	27,283	28,021	29,641	20,145	21,843	12,298	2,989	450	395	382	599	372	405	717	472	435
Collaboration and contract manufacturing
Cost of goods sold
138,500	122,500	110,700	85,500	101,200	73,100	79,600	55,700	45,700	53,053	57,844	60,788	22,915	30,177	14,327	27,786	32,810	39,753	41,884	27,985	41,385	21,517	21,938	16,434	16,099	13,623	10,320	12,330	1,034	-	0	0	-	-	-	-	-	-	-	-	-	-	-