2023 Q3 Form 10-Q Financial Statement

#000143922223000119 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $7.399M $6.712M
YoY Change 110.44% 20.24%
Cost Of Revenue $633.0K $1.108M
YoY Change 22.44% 154.71%
Gross Profit $6.766M $5.604M
YoY Change 125.61% 8.88%
Gross Profit Margin 91.44% 83.49%
Selling, General & Admin $25.82M $30.41M
YoY Change -11.33% 7.59%
% of Gross Profit 381.64% 542.63%
Research & Development $81.84M $68.90M
YoY Change 25.98% -7.55%
% of Gross Profit 1209.59% 1229.39%
Depreciation & Amortization $1.600M $1.807M
YoY Change -19.23% -21.13%
% of Gross Profit 23.65% 32.24%
Operating Expenses $107.7M $99.30M
YoY Change 65.72% 33.25%
Operating Profit -$100.9M -$93.70M
YoY Change 10.77% -4.04%
Interest Expense $8.375M $8.254M
YoY Change 119.36% 360.35%
% of Operating Profit
Other Income/Expense, Net $1.198M $1.640M
YoY Change 10.72% 22.66%
Pretax Income -$91.32M -$83.81M
YoY Change 11.71% -8.71%
Income Tax
% Of Pretax Income
Net Earnings -$91.32M -$83.81M
YoY Change 11.72% -8.71%
Net Earnings / Revenue -1234.27% -1248.6%
Basic Earnings Per Share -$1.64 -$1.51
Diluted Earnings Per Share -$1.64 -$1.51
COMMON SHARES
Basic Shares Outstanding 55.74M shares 55.58M shares
Diluted Shares Outstanding 55.80M shares 55.60M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $647.5M $702.6M
YoY Change -11.02% -14.25%
Cash & Equivalents $64.33M $84.75M
Short-Term Investments $583.2M $617.8M
Other Short-Term Assets $38.40M $36.75M
YoY Change -17.4% -13.19%
Inventory $17.27M $15.67M
Prepaid Expenses
Receivables $1.200M $2.251M
Other Receivables $0.00 $0.00
Total Short-Term Assets $704.4M $757.2M
YoY Change -10.27% -12.96%
LONG-TERM ASSETS
Property, Plant & Equipment $16.79M $79.50M
YoY Change -34.02% 190.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $224.9M $244.4M
YoY Change -24.62% -12.99%
Other Assets $4.057M $4.057M
YoY Change 3.95% 2.58%
Total Long-Term Assets $302.9M $327.9M
YoY Change -23.39% -14.26%
TOTAL ASSETS
Total Short-Term Assets $704.4M $757.2M
Total Long-Term Assets $302.9M $327.9M
Total Assets $1.007B $1.085B
YoY Change -14.66% -13.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.27M $11.63M
YoY Change 27.42% 49.24%
Accrued Expenses $30.49M $43.52M
YoY Change 2.47% 53.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $58.43M $55.14M
YoY Change 9.01% 13.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $1.156M $65.78M
YoY Change 9.57% 6134.69%
Total Long-Term Liabilities $1.156M $65.78M
YoY Change 9.57% 6134.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $58.43M $55.14M
Total Long-Term Liabilities $1.156M $65.78M
Total Liabilities $120.4M $120.9M
YoY Change -7.48% -5.83%
SHAREHOLDERS EQUITY
Retained Earnings -$726.7M -$635.4M
YoY Change 43.31% 49.38%
Common Stock $2.422B $2.411B
YoY Change 1.98% 2.05%
Preferred Stock
YoY Change
Treasury Stock (at cost) $802.5M $802.5M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $886.8M $964.2M
YoY Change
Total Liabilities & Shareholders Equity $1.007B $1.085B
YoY Change -14.66% -13.36%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$91.32M -$83.81M
YoY Change 11.72% -8.71%
Depreciation, Depletion And Amortization $1.600M $1.807M
YoY Change -19.23% -21.13%
Cash From Operating Activities -$61.70M -$66.75M
YoY Change -13.53% -10.08%
INVESTING ACTIVITIES
Capital Expenditures $400.0K -$3.000K
YoY Change -1152.63% -99.84%
Acquisitions
YoY Change
Other Investing Activities $39.70M $47.12M
YoY Change -61.87% -44.39%
Cash From Investing Activities $39.40M $47.13M
YoY Change -62.14% -43.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.900M 237.0K
YoY Change 60.07% -453.73%
NET CHANGE
Cash From Operating Activities -61.70M -66.75M
Cash From Investing Activities 39.40M 47.13M
Cash From Financing Activities 1.900M 237.0K
Net Change In Cash -20.40M -19.39M
YoY Change -160.17% -327.62%
FREE CASH FLOW
Cash From Operating Activities -$61.70M -$66.75M
Capital Expenditures $400.0K -$3.000K
Free Cash Flow -$62.10M -$66.75M
YoY Change -12.92% -7.69%

Facts In Submission

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<div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of our condensed consolidated financial statements requires us to make estimates, judgments and assumptions that may affect the reported amounts of assets, liabilities, equity, revenues and expenses and related disclosure of contingent assets and liabilities. On an ongoing basis we evaluate our estimates, judgments and methodologies. We base our estimates on historical experience and on various other assumptions that we believe are reasonable, the results of which form the basis for making judgments about the carrying values of assets, liabilities and equity and the amount of revenues and expenses. The full extent to which the recent COVID-19 pandemic, or other pandemics or public health emergencies, may in the future directly or indirectly impact our business, results of operations and financial condition, including expenses, reserves and allowances, clinical trials, research and development costs and employee-related amounts, will depend on future developments that are highly uncertain. We have made estimates of the impact of the recent COVID-19 pandemic within our financial statements and there may be changes to those estimates in future periods. Actual results may differ from these estimates.</span></div>
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CY2023Q2 agio Contract With Customer Allowance And Reserves Liability
ContractWithCustomerAllowanceAndReservesLiability
1197000 usd
CY2022Q4 agio Contract With Customer Allowance And Reserves Liability
ContractWithCustomerAllowanceAndReservesLiability
711000 usd
CY2023Q2 agio Contract With Customer Total Allowances And Reserves
ContractWithCustomerTotalAllowancesAndReserves
1359000 usd
CY2022Q4 agio Contract With Customer Total Allowances And Reserves
ContractWithCustomerTotalAllowancesAndReserves
771000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
2206000 usd
agio Contract With Customer Asset Revenue Recognized
ContractWithCustomerAssetRevenueRecognized
16074000 usd
agio Contract With Customer Asset Proceeds From Collection Of Receivables
ContractWithCustomerAssetProceedsFromCollectionOfReceivables
16029000 usd
CY2023Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
2251000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5772564 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
48.81
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
853686 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
25.84
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
152849 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
9.97
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
684129 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
56.55
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21876000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26675000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21876000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26675000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7255433 shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7255433 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6675246 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6675246 shares
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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0001439222-23-000119-index-headers.html Edgar Link pending
0001439222-23-000119-index.html Edgar Link pending
0001439222-23-000119.txt Edgar Link pending
0001439222-23-000119-xbrl.zip Edgar Link pending
agio-20230630.htm Edgar Link pending
agio-20230630.xsd Edgar Link pending
exhibit102.htm Edgar Link pending
exhibit103.htm Edgar Link pending
exhibit104.htm Edgar Link pending
exhibit31-1x06x30x23.htm Edgar Link pending
exhibit31-2x06x30x23.htm Edgar Link pending
exhibit32-1x06x30x23.htm Edgar Link pending
exhibit32-2x06x30x23.htm Edgar Link pending
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agio-20230630_def.xml Edgar Link unprocessable
agio-20230630_lab.xml Edgar Link unprocessable
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agio-20230630_htm.xml Edgar Link completed
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report.css Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
agio-20230630_cal.xml Edgar Link unprocessable