2021 Q2 Form 10-Q Financial Statement

#000156459021039178 Filed on July 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $900.7M $44.00K
YoY Change 2046947.73% -86.16%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $29.81M $21.40M
YoY Change 39.28% 35.44%
% of Gross Profit
Research & Development $82.33M $59.38M
YoY Change 38.65% 50.2%
% of Gross Profit
Depreciation & Amortization $3.600M $2.200M
YoY Change 63.64% 120.0%
% of Gross Profit
Operating Expenses $138.1M $80.73M
YoY Change 71.04% 45.99%
Operating Profit $762.6M -$80.69M
YoY Change -1045.13% 46.75%
Interest Expense $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net $750.0K $1.412M
YoY Change -46.88% 3.14%
Pretax Income $763.4M -$79.28M
YoY Change -1062.91% 47.87%
Income Tax $4.100M $400.0K
% Of Pretax Income 0.54%
Net Earnings $759.2M -$79.66M
YoY Change -1053.13% 48.34%
Net Earnings / Revenue 84.29% -181036.36%
Basic Earnings Per Share $10.01 -$1.30
Diluted Earnings Per Share $9.44 -$1.30
COMMON SHARES
Basic Shares Outstanding 75.83M 61.42M
Diluted Shares Outstanding 80.45M 61.42M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.627B $945.1M
YoY Change 177.99% 120.87%
Cash & Equivalents $1.647B $945.1M
Short-Term Investments $980.6M
Other Short-Term Assets $31.35M $20.50M
YoY Change 52.91% 99.03%
Inventory
Prepaid Expenses
Receivables $150.0K $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.621B $965.6M
YoY Change 171.43% 120.22%
LONG-TERM ASSETS
Property, Plant & Equipment $75.41M $34.44M
YoY Change 118.95% 70.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $23.63M $7.000M
YoY Change 237.54% 946.34%
Total Long-Term Assets $278.6M $80.90M
YoY Change 244.35% 45.05%
TOTAL ASSETS
Total Short-Term Assets $2.621B $965.6M
Total Long-Term Assets $278.6M $80.90M
Total Assets $2.900B $1.047B
YoY Change 177.07% 111.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.15M $13.20M
YoY Change -23.14% 84.8%
Accrued Expenses $67.10M $36.69M
YoY Change 82.91% 96.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $99.92M $74.50M
YoY Change 34.12% 137.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $195.8M $61.40M
YoY Change 218.89% 27809.09%
Total Long-Term Liabilities $195.8M $61.40M
YoY Change 218.89% 27809.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $99.92M $74.50M
Total Long-Term Liabilities $195.8M $61.40M
Total Liabilities $295.7M $135.9M
YoY Change 117.6% 7.38%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.604B $910.7M
YoY Change
Total Liabilities & Shareholders Equity $2.900B $1.047B
YoY Change 177.07% 111.74%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $759.2M -$79.66M
YoY Change -1053.13% 48.34%
Depreciation, Depletion And Amortization $3.600M $2.200M
YoY Change 63.64% 120.0%
Cash From Operating Activities $807.0M -$29.27M
YoY Change -2857.09% -19.54%
INVESTING ACTIVITIES
Capital Expenditures -$28.45M -$3.610M
YoY Change 688.17% 66.36%
Acquisitions
YoY Change
Other Investing Activities -$265.2M
YoY Change
Cash From Investing Activities -$293.6M -$3.610M
YoY Change 8033.91% 66.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.444M 89.51M
YoY Change -90.57% 201.89%
NET CHANGE
Cash From Operating Activities 807.0M -29.27M
Cash From Investing Activities -293.6M -3.610M
Cash From Financing Activities 8.444M 89.51M
Net Change In Cash 521.8M 56.63M
YoY Change 821.44% -736.29%
FREE CASH FLOW
Cash From Operating Activities $807.0M -$29.27M
Capital Expenditures -$28.45M -$3.610M
Free Cash Flow $835.5M -$25.66M
YoY Change -3355.85% -24.99%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Other Nonoperating Income
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Use Of Estimates
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<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. <span style="color:#212529;">On an ongoing basis, the Company’s management evaluates its estimates, which include, but are not limited to, revenue recognition, equity-based compensation expense and reported amounts of expenses during the period. Significant estimates in these consolidated financial statements have been made in connection with revenue recognition and equity-based compensation expense. The Company bases its estimates on historical experience and other market-specific or other relevant assumptions that it believes to be reasonable under the circumstances. Actual results may differ from those estimates or assumptions.</span><span style="color:#000000;"> Changes in estimates are reflected in reported results in the period in which they become known.</span></p>
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crsp Joint Venture Agreement Date
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80321227
CY2020Q4 crsp Common Stock Registered Share Capital
CommonStockRegisteredShareCapital
75133951
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
145364335
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
115172786
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
28331000
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15697000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
50423000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
29848000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8101980
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
42.44
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1074458
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
135.81
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
686548
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
32.97
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
141351
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
54.14
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8348539
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
55.03
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4141831
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
34.08
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
8348539
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
55.03
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
183600000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
759225000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-79656000
us-gaap Net Income Loss
NetIncomeLoss
646062000
us-gaap Net Income Loss
NetIncomeLoss
-149387000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75826594
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61420746
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75418160
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61134214
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80449956
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61420746
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80458855
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61134214
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.30
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.57
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.44
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
9.44
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.44
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2332647
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9134136
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1694486
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9134136
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4100000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4700000
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.005
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.007
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800000
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.005
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.005

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