ImmunoGen, Inc.

2021 Form 10-K Financial Statement

#000155837022002358 Filed on February 28, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $478.8M $293.9M $293.9M
YoY Change 62.9% 66.78% 66.8%
Cash & Equivalents $478.8M $293.9M $293.9M
Short-Term Investments $0.00
Other Short-Term Assets $7.322M $7.900M $7.900M
YoY Change -7.32% 46.3% 46.3%
Inventory
Prepaid Expenses
Receivables $9.812M $0.00 $0.00
Other Receivables $4.115M $22.50M $22.50M
Total Short-Term Assets $500.0M $324.3M $324.3M
YoY Change 54.18% 55.22% 55.24%
LONG-TERM ASSETS
Property, Plant & Equipment $17.06M $5.760M $19.80M
YoY Change -13.86% -17.63% -12.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.711M $10.99M $11.00M
YoY Change -20.81% 190.33% 189.47%
Total Long-Term Assets $25.77M $30.82M $30.80M
YoY Change -16.34% 16.89% 16.67%
TOTAL ASSETS
Total Short-Term Assets $500.0M $324.3M $324.3M
Total Long-Term Assets $25.77M $30.82M $30.80M
Total Assets $525.8M $355.1M $355.1M
YoY Change 48.06% 50.93% 50.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.43M $9.538M $9.500M
YoY Change 94.04% -3.98% -4.04%
Accrued Expenses $32.08M $37.10M $37.10M
YoY Change -13.52% 43.24% 43.24%
Deferred Revenue $29.25M
YoY Change 9365.7%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.100M $2.100M $2.100M
YoY Change 190.48%
Total Short-Term Liabilities $100.9M $122.3M $122.3M
YoY Change -17.46% 58.02% 58.01%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $99.23M $2.586M $143.2M
YoY Change -30.7% 265.77% -38.25%
Total Long-Term Liabilities $99.23M $2.586M $143.2M
YoY Change -30.7% 265.77% -38.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $100.9M $122.3M $122.3M
Total Long-Term Liabilities $99.23M $2.586M $143.2M
Total Liabilities $200.2M $265.5M $265.5M
YoY Change -24.6% -14.73% -14.74%
SHAREHOLDERS EQUITY
Retained Earnings -$1.332B
YoY Change 3.45%
Common Stock $1.421B
YoY Change 17.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $325.6M $89.57M $89.60M
YoY Change
Total Liabilities & Shareholders Equity $525.8M $355.1M $355.1M
YoY Change 48.06% 50.93% 50.91%

Cashflow Statement

Concept 2021 2020 Q4 2020

Facts In Submission

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CY2019 us-gaap Increase Decrease In Contract With Customer Liability
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CY2021 imgn Operating Lease Liability Amortization
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CY2020 imgn Operating Lease Liability Amortization
OperatingLeaseLiabilityAmortization
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CY2019 imgn Operating Lease Liability Amortization
OperatingLeaseLiabilityAmortization
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2020 us-gaap Proceeds From Sale Of Machinery And Equipment
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CY2019 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Proceeds From Stock Options Exercised
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CY2019 us-gaap Proceeds From Stock Options Exercised
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2873000
CY2021 us-gaap Payments Of Loan Costs
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CY2021 us-gaap Proceeds From Issuance Of Warrants
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CY2021 us-gaap Payments Of Stock Issuance Costs
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373000
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
154030000
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
293856000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Interest Paid Net
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CY2019 us-gaap Interest Paid Net
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CY2021 imgn Current Capital Resources To Meet Operational Expenses And Capital Expenditures Expected Period
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:18pt;text-indent:-18pt;margin:0pt 0pt 6pt 36pt;"><i style="font-style:italic;">Use of Estimates</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 6pt 0pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States (U.S.) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2019Q4 us-gaap Contract With Customer Liability
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CY2020 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
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CY2020Q4 us-gaap Contract With Customer Liability
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CY2021 us-gaap Contract With Customer Liability Revenue Recognized
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CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2021Q4 us-gaap Marketable Securities
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CY2020Q4 imgn Accrued Contract Payments Current
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CY2020Q4 imgn Accrued Public Reporting Charges Current
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CY2020Q4 imgn Other Current Accrued Liabilities
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CY2020Q4 us-gaap Other Accrued Liabilities Current
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CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2020 imgn Share Based Compensation Arrangement By Share Based Payment Award Awards Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardsOutstandingNumber
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CY2019 imgn Share Based Compensation Arrangement By Share Based Payment Award Awards Outstanding Number
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CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2020 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2021 imgn Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
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CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2019Q4 imgn Cost Basis To Liquidate Property And Equipment
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CY2019Q4 imgn Accumulated Depreciation Impairment Liquidate Equipment
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CY2019Q4 imgn Equipment Liquidate Amount
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
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IncomeTaxReconciliationNondeductibleExpense
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IncomeTaxReconciliationNondeductibleExpense
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CY2021 imgn Income Tax Reconciliation Federal Orphan Drug Credit
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CY2021 imgn Income Tax Reconciliation Expired Carryforward
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CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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CY2021 imgn Effective Income Tax Rate Reconciliation Tax Credit Lease Incentive Amount
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CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
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IncomeTaxReconciliationTaxCreditsResearch
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CY2021 imgn Effective Income Tax Rate Reconciliation Stock Option Expiration Amount
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CY2020 imgn Effective Income Tax Rate Reconciliation Stock Option Expiration Amount
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CY2019 imgn Effective Income Tax Rate Reconciliation Stock Option Expiration Amount
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CY2021 us-gaap Income Tax Expense Benefit
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IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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CY2021Q4 imgn Deferred Tax Liabilities Royalty Sale
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CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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CY2021 us-gaap Lessee Operating Lease Existence Of Option To Extend
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CY2019Q1 imgn Unamortized Lease Incentive And Straight Line Lease Liability Balances
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CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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TaxAdjustmentsSettlementsAndUnusualProvisions
0
CY2021 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
0
CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
33600000
CY2021 imgn Number Of Real Estate Leases
NumberOfRealEstateLeases
1
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
4000000.0
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
4300000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
5300000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
5500000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12400000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
18800000
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5363000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5503000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5522000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5543000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1429000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
13000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
23373000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4592000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
18781000
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
3400000
CY2021 us-gaap Sublease Income
SubleaseIncome
4900000
CY2020 us-gaap Sublease Income
SubleaseIncome
2800000
CY2021 imgn Defined Contribution Plan Employee Contribution Limit Percentage Of Salary
DefinedContributionPlanEmployeeContributionLimitPercentageOfSalary
1
CY2021 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.50
CY2021 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.06
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
500000
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
800000

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