$AGIO
AGIOS PHARMACEUTICALS, INC.

2015 Q2 Form 10-Q Financial Statement

#000119312515283076 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $13.22M $8.411M
YoY Change 57.16% 34.19%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.930M $4.170M
YoY Change 114.15% 126.63%
% of Gross Profit
Research & Development $36.42M $22.58M
YoY Change 61.34% 74.22%
% of Gross Profit
Depreciation & Amortization $800.0K $400.0K
YoY Change 100.0% 0.0%
% of Gross Profit
Operating Expenses $45.35M $26.74M
YoY Change 69.6% 80.76%
Operating Profit -$32.13M -$18.33M
YoY Change 75.3% 114.99%
Interest Expense $240.0K $30.00K
YoY Change 700.0% 200.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$31.90M -$18.30M
YoY Change 74.36% 114.72%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$31.90M -$18.30M
YoY Change 74.34% 112.25%
Net Earnings / Revenue -241.3% -217.52%
Basic Earnings Per Share -$0.54
Diluted Earnings Per Share -$854.5K -$0.54
COMMON SHARES
Basic Shares Outstanding 37.30M shares 33.96M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $369.8M $238.5M
YoY Change 55.06% 140.16%
Cash & Equivalents $72.53M $108.2M
Short-Term Investments $297.3M $130.2M
Other Short-Term Assets $4.600M $6.600M
YoY Change -30.3% 106.25%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $390.2M $245.2M
YoY Change 59.14% 139.11%
LONG-TERM ASSETS
Property, Plant & Equipment $19.33M $3.210M
YoY Change 502.12% -15.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $64.20M $22.60M
YoY Change 184.07%
Other Assets $660.0K $455.0K
YoY Change 45.05% -71.98%
Total Long-Term Assets $84.23M $26.87M
YoY Change 213.51% 208.14%
TOTAL ASSETS
Total Short-Term Assets $390.2M $245.2M
Total Long-Term Assets $84.23M $26.87M
Total Assets $474.4M $272.0M
YoY Change 74.39% 144.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.914M $5.388M
YoY Change 65.44% 77.35%
Accrued Expenses $11.58M $5.456M
YoY Change 112.32% 52.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.20M $44.64M
YoY Change 1.25% 20.71%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $25.00M $2.000K
YoY Change 1249900.0% -100.0%
Total Long-Term Liabilities $25.00M $2.000K
YoY Change 1249900.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.20M $44.64M
Total Long-Term Liabilities $25.00M $2.000K
Total Liabilities $70.20M $44.64M
YoY Change 57.26% -45.83%
SHAREHOLDERS EQUITY
Retained Earnings -$203.8M -$144.0M
YoY Change 41.54% 60.19%
Common Stock $607.7M $344.5M
YoY Change 76.4% 12031.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $404.2M $200.5M
YoY Change
Total Liabilities & Shareholders Equity $474.4M $272.0M
YoY Change 74.39% 144.52%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$31.90M -$18.30M
YoY Change 74.34% 112.25%
Depreciation, Depletion And Amortization $800.0K $400.0K
YoY Change 100.0% 0.0%
Cash From Operating Activities $4.000M -$1.100M
YoY Change -463.64% -93.04%
INVESTING ACTIVITIES
Capital Expenditures -$10.90M -$100.0K
YoY Change 10800.0% -85.71%
Acquisitions
YoY Change
Other Investing Activities $43.10M -$18.50M
YoY Change -332.97% -274.53%
Cash From Investing Activities $32.20M -$18.60M
YoY Change -273.12% -287.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.100M 95.10M
YoY Change -98.84% 95000.0%
NET CHANGE
Cash From Operating Activities 4.000M -1.100M
Cash From Investing Activities 32.20M -18.60M
Cash From Financing Activities 1.100M 95.10M
Net Change In Cash 37.30M 75.40M
YoY Change -50.53% -1400.0%
FREE CASH FLOW
Cash From Operating Activities $4.000M -$1.100M
Capital Expenditures -$10.90M -$100.0K
Free Cash Flow $14.90M -$1.000M
YoY Change -1590.0% -93.38%

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39.61
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.7002 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
107.27
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Registrant Name
EntityRegistrantName
AGIOS PHARMACEUTICALS INC
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1204628 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
9.43
dei Document Period End Date
DocumentPeriodEndDate
2015-06-30
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
284720 shares
dei Trading Symbol
TradingSymbol
AGIO
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
37272300 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y8M23D
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
47421000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14679000
us-gaap Net Income Loss
NetIncomeLoss
-36854000
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-13689000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-125000
us-gaap Operating Income Loss
OperatingIncomeLoss
-37328000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-319000
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
2948000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
279000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-36575000
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
3982000
us-gaap Investment Income Interest
InvestmentIncomeInterest
474000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1531000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
106205000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Share Based Compensation
ShareBasedCompensation
13237000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-6414000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
58502000
us-gaap Operating Expenses
OperatingExpenses
84749000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
77194000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
2913000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
68866000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3120000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13237000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-2558000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15883000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
3841000
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
198078000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1210000
us-gaap Depreciation
Depreciation
1150000
agio Proceeds From Stock Options Exercised In Other Current Assets
ProceedsFromStockOptionsExercisedInOtherCurrentAssets
3000
agio Available For Sale Securities Non Current Minimum Liquidating Period
AvailableForSaleSecuritiesNonCurrentMinimumLiquidatingPeriod
P12M
agio Reimbursement Of Research And Development Related Party Cost
ReimbursementOfResearchAndDevelopmentRelatedPartyCost
8912000
agio Proceeds From Payments Of Issuance Of Common Stock Commissions And Offering Costs
ProceedsFromPaymentsOfIssuanceOfCommonStockCommissionsAndOfferingCosts
-207000
agio Vesting Of Restricted Stock Value Increase Decrease
VestingOfRestrictedStockValueIncreaseDecrease
-4000
CY2015Q2 agio Reimbursement Of Research And Development Related Party Cost
ReimbursementOfResearchAndDevelopmentRelatedPartyCost
4546000
CY2014Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
6000000
CY2014Q1 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
1500000
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y6M29D
CY2014 agio Initial Agreement Period
InitialAgreementPeriod
P5Y
CY2014 agio Receipt Due To Agreement Amendment
ReceiptDueToAgreementAmendment
20000000
CY2014 agio Research Collaborative Arrangement Expiration Period
ResearchCollaborativeArrangementExpirationPeriod
2016-04
CY2014 agio Available For Sale Securities Non Current Minimum Liquidating Period
AvailableForSaleSecuritiesNonCurrentMinimumLiquidatingPeriod
P12M
CY2014 agio Extended Agreement Period
ExtendedAgreementPeriod
P6Y
CY2015Q2 agio Collaboration Revenue
CollaborationRevenue
10800000
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y10M21D
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0181 pure
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.8800 pure
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2014Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
33602472 shares
CY2014Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
8411000
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NetIncomeLoss
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OperatingIncomeLoss
-18330000
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-21000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-18317000
CY2014Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
34000
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
26741000
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
22576000
CY2014Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2381000
CY2014Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4165000
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y10M17D
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0171 pure
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.85
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.6893 pure
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
37329220 shares
CY2015Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
13219000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-31897000
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-32133000
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
31000
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-31866000
CY2015Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
236000
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
45352000
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
36423000
CY2015Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8177000
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8929000

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