2023 Q4 Form 10-K Financial Statement

#000162828023040219 Filed on November 29, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $3.551M $16.10M $240.7M
YoY Change -94.32% -49.02% -1.03%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $26.19M $26.78M $101.3M
YoY Change 15.61% -15.31% -22.13%
% of Gross Profit
Research & Development $116.5M $93.79M $353.2M
YoY Change 39.19% 15.61% 18.8%
% of Gross Profit
Depreciation & Amortization $3.800M $3.893M $10.70M
YoY Change 65.22% 46.35% 22.99%
% of Gross Profit
Operating Expenses $140.1M $124.4M $445.7M
YoY Change 33.83% 7.82% 5.69%
Operating Profit -$136.5M -$205.0M
YoY Change 224.07% 14.84%
Interest Expense $5.367M -$1.377M $18.33M
YoY Change -3313.77% -186.99% 264.12%
% of Operating Profit
Other Income/Expense, Net -$2.144M $717.0K -$1.489M
YoY Change -730.59% 696.67% -125.68%
Pretax Income -$138.7M -$109.0M -$206.5M
YoY Change 231.84% 32.66% 19.56%
Income Tax -$3.300M $2.025M $2.784M
% Of Pretax Income
Net Earnings -$132.9M -$109.7M -$205.3M
YoY Change 221.51% 28.26% 16.59%
Net Earnings / Revenue -3741.59% -681.36% -85.27%
Basic Earnings Per Share -$1.24 -$1.92
Diluted Earnings Per Share -$1.24 -$1.02 -$1.92
COMMON SHARES
Basic Shares Outstanding 107.4M shares 107.2M shares 106.8M shares
Diluted Shares Outstanding 107.4M shares 106.8M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $220.3M $403.6M $395.7M
YoY Change -56.11% 7.23% 5.13%
Cash & Equivalents $58.20M $110.9M $103.0M
Short-Term Investments $162.1M $292.7M $292.7M
Other Short-Term Assets $7.104M $7.082M $23.80M
YoY Change -71.8% -64.95% -13.43%
Inventory
Prepaid Expenses $10.52M $8.813M
Receivables $0.00 $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $237.9M $419.5M $419.5M
YoY Change -58.63% 3.51% 3.5%
LONG-TERM ASSETS
Property, Plant & Equipment $333.4M $290.3M $335.6M
YoY Change 126.33% 163.16% 99.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $232.0K $210.0K $200.0K
YoY Change 10.48% -3.67% -8.26%
Total Long-Term Assets $388.4M $346.0M $346.1M
YoY Change 22.72% 20.72% 20.74%
TOTAL ASSETS
Total Short-Term Assets $237.9M $419.5M $419.5M
Total Long-Term Assets $388.4M $346.0M $346.1M
Total Assets $626.3M $765.6M $765.6M
YoY Change -29.75% 10.64% 10.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.460M $35.87M $35.90M
YoY Change 460.3% 1150.56% 1151.74%
Accrued Expenses $46.60M $39.76M $68.30M
YoY Change -3.26% -15.14% 10.37%
Deferred Revenue $0.00 $866.0K
YoY Change -100.0% -98.83%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $63.72M $105.5M $105.5M
YoY Change -47.77% -24.05% -24.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $388.8M $372.9M $372.9M
YoY Change 4.22% 176.76% 176.73%
Total Long-Term Liabilities $388.8M $372.9M $372.9M
YoY Change 4.22% 176.76% 176.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $63.72M $105.5M $105.5M
Total Long-Term Liabilities $388.8M $372.9M $372.9M
Total Liabilities $452.6M $478.4M $494.2M
YoY Change -8.59% 74.85% 68.43%
SHAREHOLDERS EQUITY
Retained Earnings -$1.159B -$1.026B
YoY Change 34.43% 25.01%
Common Stock $1.321B $1.301B
YoY Change 6.55% 6.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $160.4M $271.3M $271.3M
YoY Change
Total Liabilities & Shareholders Equity $626.3M $765.6M $765.6M
YoY Change -29.75% 10.64% 10.65%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income -$132.9M -$109.7M -$205.3M
YoY Change 221.51% 28.26% 16.59%
Depreciation, Depletion And Amortization $3.800M $3.893M $10.70M
YoY Change 65.22% 46.35% 22.99%
Cash From Operating Activities -$117.8M -$25.29M -$153.9M
YoY Change 56.05% -63.17% 13.05%
INVESTING ACTIVITIES
Capital Expenditures $68.66M $63.94M $176.7M
YoY Change 76.44% -295.46% 234.88%
Acquisitions
YoY Change
Other Investing Activities $133.5M $94.38M $80.60M
YoY Change -419.5% 36.48% 70.19%
Cash From Investing Activities $64.84M $30.55M -$96.16M
YoY Change -180.35% -16.19% 1675.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $267.0K 153.0K $253.1M
YoY Change -99.89% -82.11% 288.2%
NET CHANGE
Cash From Operating Activities -$117.8M -25.29M -$153.9M
Cash From Investing Activities $64.84M 30.55M -$96.16M
Cash From Financing Activities $267.0K 153.0K $253.1M
Net Change In Cash -$52.73M 5.408M $3.008M
YoY Change -155.88% -117.24% -103.94%
FREE CASH FLOW
Cash From Operating Activities -$117.8M -$25.29M -$153.9M
Capital Expenditures $68.66M $63.94M $176.7M
Free Cash Flow -$186.5M -$89.23M -$330.6M
YoY Change 62.98% 148.16% 75.02%

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InvestmentIncomeNetAmortizationOfDiscountAndPremium
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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<div style="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%;text-decoration:underline">Concentration of Credit Risk</span></div>Financial instruments that potentially expose the Company to concentration of credit risk primarily consist of cash, cash equivalents and restricted cash and investments. As of September 30, 2023 and 2022, the Company’s investments were primarily invested in money market funds, certificates of deposit, commercial paper, and corporate debt securities through highly rated financial institutions. The Company also maintains several bank accounts primarily at three financial institutions for its operations. These accounts are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per institution. Management believes the Company is not exposed to significant credit risk due to the financial position of the depository institutions in which these deposits are held.
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CY2022Q3 us-gaap Contract With Customer Liability
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ComputersSoftwareOfficeEquipmentAndFurnitureGross
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CY2023Q3 us-gaap Land
Land
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CY2022Q3 us-gaap Land
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CY2022Q3 arwr Research Equipment Gross
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CY2023Q3 us-gaap Leasehold Improvements Gross
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CY2022Q3 us-gaap Leasehold Improvements Gross
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CY2022Q3 us-gaap Construction In Progress Gross
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CY2022Q3 us-gaap Property Plant And Equipment Gross
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CY2023Q1 us-gaap Common Stock Shares Authorized
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CY2021Q4 arwr Tax Increment Financing Award
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CY2021Q4 arwr Tax Increment Financing Award Maximum State Income Tax Credits Under Agreement
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q3 us-gaap Operating Lease Liability
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CY2021 us-gaap Operating Lease Payments
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CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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CY2023Q3 arwr Share Based Compensation Arrangement By Share Based Payment Award Options And Equity Instruments Other Than Options Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndEquityInstrumentsOtherThanOptionsOutstanding
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CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.68
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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Files In Submission

Name View Source Status
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arwr-20230930_cal.xml Edgar Link unprocessable