2024 Q3 Form 10-Q Financial Statement

#000162828024035248 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $6.507M $7.323M
YoY Change -1.39% -27.18%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $22.28M $23.33M
YoY Change 24.92% 20.48%
% of Gross Profit
Research & Development $40.97M $40.93M
YoY Change 8.05% 12.21%
% of Gross Profit
Depreciation & Amortization $3.800M $3.400M
YoY Change 22.58% -39.39%
% of Gross Profit
Operating Expenses $100.2M $100.8M
YoY Change 62.91% 64.01%
Operating Profit -$93.66M -$93.45M
YoY Change 70.64% 81.86%
Interest Expense $9.603M $9.801M
YoY Change -10.25% -9.07%
% of Operating Profit
Other Income/Expense, Net $31.03M $45.27M
YoY Change 98.74% 1637.03%
Pretax Income -$62.63M -$48.19M
YoY Change 59.47% 26.79%
Income Tax -$11.53M -$11.26M
% Of Pretax Income
Net Earnings -$51.11M -$36.93M
YoY Change 78.63% 20.97%
Net Earnings / Revenue -785.42% -504.3%
Basic Earnings Per Share -$0.17 -$0.13
Diluted Earnings Per Share -$0.17 -$0.13
COMMON SHARES
Basic Shares Outstanding 294.7M shares 294.1M shares
Diluted Shares Outstanding 294.9M shares 294.2M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $643.1M $670.4M
YoY Change -18.15% 272.94%
Cash & Equivalents $126.6M $148.3M
Short-Term Investments $516.5M $522.0M
Other Short-Term Assets $43.37M $40.06M
YoY Change -39.11% -15.43%
Inventory
Prepaid Expenses
Receivables $31.37M $36.14M
Other Receivables $31.86M $31.56M
Total Short-Term Assets $742.9M $771.6M
YoY Change -19.21% -17.1%
LONG-TERM ASSETS
Property, Plant & Equipment $331.3M $318.9M
YoY Change 19.5% 22.82%
Goodwill $47.81M $47.81M
YoY Change 0.0% 0.0%
Intangibles $52.58M $85.66M
YoY Change -57.63% -32.42%
Long-Term Investments $84.08M $76.06M
YoY Change 33.68% 29.38%
Other Assets $134.2M $112.5M
YoY Change 66.33% -0.82%
Total Long-Term Assets $649.9M $640.9M
YoY Change 9.66% 5.69%
TOTAL ASSETS
Total Short-Term Assets $742.9M $771.6M
Total Long-Term Assets $649.9M $640.9M
Total Assets $1.393B $1.412B
YoY Change -7.89% -8.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.80M $26.59M
YoY Change 99.97% 26.44%
Accrued Expenses $11.12M $9.960M
YoY Change -6.58% 67.31%
Deferred Revenue $5.578M $6.401M
YoY Change -68.14% -25.06%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $79.57M $70.38M
YoY Change -27.82% -40.81%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.524M $6.348M
YoY Change -69.83% -96.66%
Total Long-Term Liabilities $235.2M $231.1M
YoY Change 7.3% 21.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $79.57M $70.38M
Total Long-Term Liabilities $235.2M $231.1M
Total Liabilities $314.7M $301.5M
YoY Change -4.46% -11.93%
SHAREHOLDERS EQUITY
Retained Earnings $151.1M $202.2M
YoY Change -53.77% -43.12%
Common Stock $928.2M $910.8M
YoY Change 8.27% 8.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.078B $1.111B
YoY Change
Total Liabilities & Shareholders Equity $1.393B $1.412B
YoY Change -7.89% -8.11%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$51.11M -$36.93M
YoY Change 78.63% 20.97%
Depreciation, Depletion And Amortization $3.800M $3.400M
YoY Change 22.58% -39.39%
Cash From Operating Activities -$28.88M -$29.97M
YoY Change 28782.0% -250.56%
INVESTING ACTIVITIES
Capital Expenditures $18.52M $20.11M
YoY Change -11.41% -26.07%
Acquisitions
YoY Change
Other Investing Activities $22.21M $72.21M
YoY Change 174.25% -1104.42%
Cash From Investing Activities $3.698M $52.10M
YoY Change -128.89% -251.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.145M 2.651M
YoY Change -52.35% 532.7%
NET CHANGE
Cash From Operating Activities -28.88M -29.97M
Cash From Investing Activities 3.698M 52.10M
Cash From Financing Activities 3.145M 2.651M
Net Change In Cash -22.04M 24.78M
YoY Change 249.83% -276.17%
FREE CASH FLOW
Cash From Operating Activities -$28.88M -$29.97M
Capital Expenditures $18.52M $20.11M
Free Cash Flow -$47.40M -$50.08M
YoY Change 125.7% 586.16%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Nature Of Operations
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Nature of operations<div style="margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">AbCellera Biologics Inc.’s (the “Company”) mission is to bring better antibody drugs to patients faster, solve long-standing problems, and transform how antibody drugs are discovered. The Company aims to bring antibody therapeutics from target to clinic by combining expertise, technologies, and infrastructure to build an engine for antibody drug discovery and development. The Company uses the engine to both work with partners to build a large and diversified portfolio of royalty (and equivalent) stakes in future antibody drugs and to develop its own pipeline of future antibody drugs. The Company partners with companies of all sizes - from innovative biotechnology companies to leading pharmaceutical companies - propelling programs to the clinic, together</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</span></div>
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
4297000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
21485000 usd
abcl Number Of Joint Ventures
NumberOfJointVentures
2 jointventure
CY2023Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
33792000 usd
CY2024Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
31560000 usd
CY2023Q4 abcl Prepaid Expense And Other Current
PrepaidExpenseAndOtherCurrent
22018000 usd
CY2024Q2 abcl Prepaid Expense And Other Current
PrepaidExpenseAndOtherCurrent
8495000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
55810000 usd
CY2024Q2 us-gaap Other Assets Current
OtherAssetsCurrent
40055000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
28603000 usd
CY2024Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
26585000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6158000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5603000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7707000 usd
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4357000 usd
CY2023Q4 abcl Deferred Grant Funding Current
DeferredGrantFundingCurrent
7112000 usd
CY2024Q2 abcl Deferred Grant Funding Current
DeferredGrantFundingCurrent
7407000 usd
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
49580000 usd
CY2024Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
43952000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16399000 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17782000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
31873000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
35191000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
41128000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
36258000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
27153000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
14371000 usd
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4000000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
8100000 usd
CY2024Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4400000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
13000000 usd
CY2024Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
32300000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
32300000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Term
DebtSecuritiesAvailableForSaleTerm
P0Y7M6D
CY2023Q2 us-gaap Royalty Expense
RoyaltyExpense
0 usd
us-gaap Royalty Expense
RoyaltyExpense
0 usd
us-gaap Royalty Expense
RoyaltyExpense
0 usd
CY2024Q2 us-gaap Royalty Expense
RoyaltyExpense
0 usd
abcl Government Assistance Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag
GovernmentAssistanceStatementOfIncomeOrComprehensiveIncomeExtensibleEnumerationNotDisclosedFlag
Government Contribution 1
CY2024Q2 us-gaap Government Assistance Amount Cumulative
GovernmentAssistanceAmountCumulative
44449000 usd
CY2024Q2 us-gaap Government Assistance Liability
GovernmentAssistanceLiability
131593000 usd
CY2023Q4 us-gaap Government Assistance Amount Cumulative
GovernmentAssistanceAmountCumulative
36051000 usd
CY2023Q4 us-gaap Government Assistance Liability
GovernmentAssistanceLiability
103027000 usd
CY2024Q2 us-gaap Government Assistance Amount Cumulative Current
GovernmentAssistanceAmountCumulativeCurrent
31632000 usd
CY2024Q2 us-gaap Government Assistance Liability Current
GovernmentAssistanceLiabilityCurrent
7407000 usd
CY2024Q2 us-gaap Government Assistance Amount Cumulative Noncurrent
GovernmentAssistanceAmountCumulativeNoncurrent
12817000 usd
CY2024Q2 us-gaap Government Assistance Liability Noncurrent
GovernmentAssistanceLiabilityNoncurrent
124186000 usd
us-gaap Government Assistance Transaction Duration
GovernmentAssistanceTransactionDuration
P8Y
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001628280-24-035248-index.html Edgar Link pending
0001628280-24-035248.txt Edgar Link pending
0001628280-24-035248-xbrl.zip Edgar Link pending
a2020shareoptionandincen.htm Edgar Link pending
a2020shareoptionandincen001.jpg Edgar Link pending
a2020shareoptionandincen002.jpg Edgar Link pending
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abcl-20240630.htm Edgar Link pending
abcl-20240630.xsd Edgar Link pending
abcl-20240630xexx311.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
seventhamendedandrestate.htm Edgar Link pending
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abcl-20240630_cal.xml Edgar Link unprocessable