$IONS
IONIS PHARMACEUTICALS INC

2023 Q4 Form 10-Q Financial Statement

#000087401523000209 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $324.5M $144.2M
YoY Change 113.64% -9.74%
Cost Of Revenue $3.000M $2.191M
YoY Change -18.61% 44.62%
Gross Profit $322.0M $142.0M
YoY Change 117.27% -10.26%
Gross Profit Margin 99.23% 98.48%
Selling, General & Admin $71.00M $69.95M
YoY Change 48.07% 103.25%
% of Gross Profit 22.05% 49.26%
Research & Development $257.0M $215.3M
YoY Change -16.63% 17.66%
% of Gross Profit 79.81% 151.6%
Depreciation & Amortization $3.251M $3.200M
YoY Change -10.61% -27.68%
% of Gross Profit 1.01% 2.25%
Operating Expenses $328.0M $69.95M
YoY Change -7.92% 103.25%
Operating Profit -$6.122M -$143.3M
YoY Change -97.06% 142.19%
Interest Expense -$18.00M $4.203M
YoY Change -233.97% 96.49%
% of Operating Profit
Other Income/Expense, Net $21.00M $2.447M
YoY Change 3135.75% -48.08%
Pretax Income -$3.000M -$140.8M
YoY Change -93.23% 201.46%
Income Tax $6.000M $6.600M
% Of Pretax Income
Net Earnings -$9.263M -$147.4M
YoY Change -82.33% 213.69%
Net Earnings / Revenue -2.85% -102.22%
Basic Earnings Per Share -$0.06 -$1.03
Diluted Earnings Per Share -$0.06 -$1.03
COMMON SHARES
Basic Shares Outstanding 143.5M 143.3M
Diluted Shares Outstanding 143.3M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.711B $1.690B
YoY Change 14.96% 17.62%
Cash & Equivalents $399.3M $352.1M
Short-Term Investments $1.311B $1.338B
Other Short-Term Assets $184.4M $181.1M
YoY Change 9.63% 26.47%
Inventory $28.43M $25.63M
Prepaid Expenses
Receivables $98.00M $142.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.642B $2.585B
YoY Change 19.94% 20.1%
LONG-TERM ASSETS
Property, Plant & Equipment $71.04M $70.93M
YoY Change -4.38% -60.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $105.3M $104.1M
YoY Change 39.73% 75.12%
Total Long-Term Assets $348.2M $349.3M
YoY Change 5.14% 29.45%
TOTAL ASSETS
Total Short-Term Assets $2.642B $2.585B
Total Long-Term Assets $348.2M $349.3M
Total Assets $2.990B $2.934B
YoY Change 18.0% 21.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.03M $5.615M
YoY Change 45.23% -72.67%
Accrued Expenses $147.9M $119.0M
YoY Change 5.56% -7.06%
Deferred Revenue $151.1M $204.8M
YoY Change 66.85% 105.83%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $157.0K $10.00M
YoY Change 3.97% 101.21%
Total Short-Term Liabilities $448.1M $404.2M
YoY Change 43.82% 42.6%
LONG-TERM LIABILITIES
Long-Term Debt $1.241B $1.279B
YoY Change 5.55% 2.38%
Other Long-Term Liabilities $926.0M $48.80M
YoY Change 12894.67% -83.44%
Total Long-Term Liabilities $1.241B $48.80M
YoY Change 4.92% -96.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $448.1M $404.2M
Total Long-Term Liabilities $1.241B $48.80M
Total Liabilities $2.603B $2.619B
YoY Change 32.76% 43.28%
SHAREHOLDERS EQUITY
Retained Earnings -$1.796B -$1.787B
YoY Change 25.62% 29.73%
Common Stock $2.215B $2.148B
YoY Change 7.54% 5.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $386.7M $315.5M
YoY Change
Total Liabilities & Shareholders Equity $2.990B $2.934B
YoY Change 18.0% 21.14%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$9.263M -$147.4M
YoY Change -82.33% 213.69%
Depreciation, Depletion And Amortization $3.251M $3.200M
YoY Change -10.61% -27.68%
Cash From Operating Activities $32.89M -$109.0M
YoY Change -116.43% 346.19%
INVESTING ACTIVITIES
Capital Expenditures -$795.0K $2.100M
YoY Change -119.21% -137.89%
Acquisitions
YoY Change
Other Investing Activities -$27.52M $70.80M
YoY Change -112.72% -139.69%
Cash From Investing Activities -$26.73M $68.70M
YoY Change -112.6% -137.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 40.68M -32.20M
YoY Change -179.74% -1855.73%
NET CHANGE
Cash From Operating Activities 32.89M -109.0M
Cash From Investing Activities -26.73M 68.70M
Cash From Financing Activities 40.68M -32.20M
Net Change In Cash 46.84M -72.50M
YoY Change -219.9% -64.9%
FREE CASH FLOW
Cash From Operating Activities $32.89M -$109.0M
Capital Expenditures -$795.0K $2.100M
Free Cash Flow $33.68M -$111.1M
YoY Change -116.48% 488.24%

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