2020 Q4 Form 10-K Financial Statement

#000119312521085777 Filed on March 18, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 2019 Q4
Revenue $250.0K $430.0K
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.560M $11.25M
YoY Change 67.41%
% of Gross Profit
Research & Development $16.47M $57.72M
YoY Change 30.1%
% of Gross Profit
Depreciation & Amortization $570.0K $1.300M $400.0K
YoY Change 42.5% 87.59%
% of Gross Profit
Operating Expenses $21.03M $68.96M
YoY Change 35.0%
Operating Profit -$68.53M
YoY Change 34.15%
Interest Expense -$320.0K $979.0K
YoY Change 81.3%
% of Operating Profit
Other Income/Expense, Net $560.0K -$269.0K
YoY Change 511.36%
Pretax Income -$20.76M -$68.80M
YoY Change 34.56%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$20.76M -$68.80M
YoY Change 34.56%
Net Earnings / Revenue -8304.0% -16000.0%
Basic Earnings Per Share -$6.23
Diluted Earnings Per Share -$1.797M -$6.23
COMMON SHARES
Basic Shares Outstanding 35.81M 11.05M shares
Diluted Shares Outstanding 11.05M shares

Balance Sheet

Concept 2020 Q4 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $185.8M $185.8M $14.98M
YoY Change 1140.04% 1138.67%
Cash & Equivalents $92.80M $92.80M $14.98M
Short-Term Investments $92.98M $93.00M $0.00
Other Short-Term Assets $4.900M $4.900M
YoY Change 157.89%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $190.7M $190.7M $16.89M
YoY Change 1029.33% 1028.4%
LONG-TERM ASSETS
Property, Plant & Equipment $19.53M $62.30M $2.683M
YoY Change 627.84% 1583.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $842.0K $2.600M $11.00K
YoY Change 7554.55% 52.94%
Total Long-Term Assets $64.91M $64.90M $5.457M
YoY Change 1089.43% 1101.85%
TOTAL ASSETS
Total Short-Term Assets $190.7M $190.7M $16.89M
Total Long-Term Assets $64.91M $64.90M $5.457M
Total Assets $255.6M $255.6M $22.34M
YoY Change 1044.01% 1046.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.680M $3.700M $3.439M
YoY Change 7.01% 8.82%
Accrued Expenses $9.161M $13.00M $3.701M
YoY Change 147.53% 182.61%
Deferred Revenue $2.024M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $4.152M
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $18.85M $18.80M $12.65M
YoY Change 48.96% 48.03%
LONG-TERM LIABILITIES
Long-Term Debt $19.65M $19.70M $10.96M
YoY Change 79.32% 79.09%
Other Long-Term Liabilities $0.00 $70.90M
YoY Change 35350.0%
Total Long-Term Liabilities $19.65M $90.60M $10.96M
YoY Change 79.32% 708.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.85M $18.80M $12.65M
Total Long-Term Liabilities $19.65M $90.60M $10.96M
Total Liabilities $109.4M $109.4M $23.81M
YoY Change 359.42% 359.66%
SHAREHOLDERS EQUITY
Retained Earnings -$162.9M -$94.14M
YoY Change 73.09%
Common Stock $4.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $146.2M $146.2M -$88.02M
YoY Change
Total Liabilities & Shareholders Equity $255.6M $255.6M $22.34M
YoY Change 1044.01% 1046.19%

Cashflow Statement

Concept 2020 Q4 2020 2019 Q4
OPERATING ACTIVITIES
Net Income -$20.76M -$68.80M
YoY Change 34.56%
Depreciation, Depletion And Amortization $570.0K $1.300M $400.0K
YoY Change 42.5% 87.59%
Cash From Operating Activities -$10.66M -$31.29M -$25.48M
YoY Change -58.16% -32.48%
INVESTING ACTIVITIES
Capital Expenditures -$7.490M $16.18M -$180.0K
YoY Change 4061.11% 1571.8%
Acquisitions
YoY Change
Other Investing Activities -$92.73M -$92.73M $0.00
YoY Change
Cash From Investing Activities -$100.2M -$108.9M -$170.0K
YoY Change 58852.94% 11198.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 128.5M $217.5M 8.640M
YoY Change 1387.38% 807.31%
NET CHANGE
Cash From Operating Activities -10.66M -$31.29M -25.48M
Cash From Investing Activities -100.2M -$108.9M -170.0K
Cash From Financing Activities 128.5M $217.5M 8.640M
Net Change In Cash 17.63M $77.27M -17.01M
YoY Change -203.64% -431.22%
FREE CASH FLOW
Cash From Operating Activities -$10.66M -$31.29M -$25.48M
Capital Expenditures -$7.490M $16.18M -$180.0K
Free Cash Flow -$3.170M -$47.47M -$25.30M
YoY Change -87.47% 0.35%

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<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: &quot;times new roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Concentrations of credit risk and of significant suppliers </div></div></div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash, cash equivalents and marketable securities. As of December&#160;31, 2020, the Company maintained cash, cash equivalents and marketable securities at financial institutions in excess of federally insured limits. The Company does not believe that it is subject to unusual credit risk beyond the normal credit risk associated with commercial banking relationships. </div></div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company relies, and expects to continue to rely, on a small number of vendors to provide services, supplies and materials for certain activities related to its programs. These programs could be adversely affected by a significant interruption in these services or the availability of materials. </div></div></div> <div style="font-family: &quot;times new roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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CY2020 dei Document Period End Date
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2020-12-31
CY2020 dei Entity Registrant Name
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Foghorn Therapeutics Inc.
CY2020 dei Security12b Title
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Common Stock, $0.0001 Par Value
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FHTX
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