2024 Q2 Form 10-Q Financial Statement

#000168285224000027 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $241.0M $167.0M
YoY Change -29.94% -91.03%
Cost Of Revenue $115.0M $96.00M
YoY Change -84.27% -87.88%
Gross Profit $126.0M $71.00M
YoY Change -132.56% -93.36%
Gross Profit Margin 52.28% 42.51%
Selling, General & Admin $268.0M $274.0M
YoY Change -19.28% -10.16%
% of Gross Profit 212.7% 385.92%
Research & Development $1.221B $1.063B
YoY Change 6.36% -6.01%
% of Gross Profit 969.05% 1497.18%
Depreciation & Amortization $40.00M $35.00M
YoY Change -56.52% -55.13%
% of Gross Profit 31.75% 49.3%
Operating Expenses $1.221B $1.063B
YoY Change -17.5% -6.01%
Operating Profit -$1.363B -$1.266B
YoY Change -27.0% 245.9%
Interest Expense $82.00M $99.00M
YoY Change -27.43% 52.31%
% of Operating Profit
Other Income/Expense, Net -$27.00M -$19.00M
YoY Change -640.0% -60.42%
Pretax Income -$1.279B -$1.165B
YoY Change -26.87% 281.97%
Income Tax $0.00 $10.00M
% Of Pretax Income
Net Earnings -$1.279B -$1.175B
YoY Change -7.32% -1587.34%
Net Earnings / Revenue -530.71% -703.59%
Basic Earnings Per Share -$3.33 -$3.07
Diluted Earnings Per Share -$3.33 -$3.07
COMMON SHARES
Basic Shares Outstanding 383.2M shares 382.1M shares
Diluted Shares Outstanding 384.0M shares 382.0M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.488B $8.523B
YoY Change 0.34% -4.48%
Cash & Equivalents $2.478B $2.051B
Short-Term Investments $6.010B $6.472B
Other Short-Term Assets $31.00M $68.00M
YoY Change -95.79% 6.25%
Inventory $399.0M $295.0M
Prepaid Expenses
Receivables $163.0M $137.0M
Other Receivables $260.0M $250.0M
Total Short-Term Assets $9.661B $9.600B
YoY Change -8.85% -20.81%
LONG-TERM ASSETS
Property, Plant & Equipment $2.971B $2.760B
YoY Change 23.28% 29.27%
Goodwill $52.00M $52.00M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $31.00M $53.00M
YoY Change -99.49% -36.14%
Other Assets $641.0M $650.0M
YoY Change -76.86% -44.16%
Total Long-Term Assets $6.019B $7.129B
YoY Change -46.66% -40.61%
TOTAL ASSETS
Total Short-Term Assets $9.661B $9.600B
Total Long-Term Assets $6.019B $7.129B
Total Assets $15.68B $16.73B
YoY Change -28.35% -30.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $279.0M $183.0M
YoY Change -10.0% -52.96%
Accrued Expenses $1.333B $1.396B
YoY Change -12.53% -13.45%
Deferred Revenue $702.0M $559.0M
YoY Change -32.5% -54.14%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.363B $2.380B
YoY Change -24.34% -31.98%
LONG-TERM LIABILITIES
Long-Term Debt $576.0M $575.0M
YoY Change -31.67% -30.81%
Other Long-Term Liabilities $266.0M $262.0M
YoY Change -72.55% 60.74%
Total Long-Term Liabilities $266.0M $262.0M
YoY Change -85.32% 60.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.363B $2.380B
Total Long-Term Liabilities $266.0M $262.0M
Total Liabilities $3.968B $3.912B
YoY Change -19.59% -25.66%
SHAREHOLDERS EQUITY
Retained Earnings $11.15B $12.43B
YoY Change -34.47% -32.44%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.71B $12.82B
YoY Change
Total Liabilities & Shareholders Equity $15.68B $16.73B
YoY Change -28.35% -30.66%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$1.279B -$1.175B
YoY Change -7.32% -1587.34%
Depreciation, Depletion And Amortization $40.00M $35.00M
YoY Change -56.52% -55.13%
Cash From Operating Activities -$1.274B -$989.0M
YoY Change 39.23% -19.27%
INVESTING ACTIVITIES
Capital Expenditures $182.0M $196.0M
YoY Change -22.22% 73.45%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $1.831B $314.0M
YoY Change -15.93% -85.22%
Cash From Investing Activities $1.649B $118.0M
YoY Change -15.17% -94.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 34.00M $14.00M
YoY Change -105.09% -102.58%
NET CHANGE
Cash From Operating Activities -1.274B -$989.0M
Cash From Investing Activities 1.649B $118.0M
Cash From Financing Activities 34.00M $14.00M
Net Change In Cash 409.0M -$857.0M
YoY Change 13.3% -451.23%
FREE CASH FLOW
Cash From Operating Activities -$1.274B -$989.0M
Capital Expenditures $182.0M $196.0M
Free Cash Flow -$1.456B -$1.185B
YoY Change 26.72% -11.43%

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CY2024Q1 mrna Operating And Finance Lease Right Of Use Asset
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2024Q1 mrna Lessee Operating Lease Liability To Be Paid After Year Four
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CY2024Q1 mrna Finance Lease Liability To Be Paid After Year Four
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CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
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CY2024Q1 us-gaap Operating Lease Liability
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CY2024Q1 us-gaap Finance Lease Liability
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CY2024Q1 mrna Legal Contingency Future Firm Purchase Commitments
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CY2024Q1 us-gaap Payments To Acquire In Process Research And Development
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CY2023Q1 us-gaap Payments To Acquire In Process Research And Development
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CY2024Q1 us-gaap Allocated Share Based Compensation Expense
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CY2023Q1 us-gaap Allocated Share Based Compensation Expense
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CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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CY2024Q1 us-gaap Stock Repurchased During Period Shares
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CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2024Q1 us-gaap Income Tax Expense Benefit
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CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q1 us-gaap Net Income Loss
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CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2024Q1 us-gaap Earnings Per Share Basic
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CY2023Q1 us-gaap Earnings Per Share Basic
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CY2024Q1 us-gaap Earnings Per Share Diluted
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CY2023Q1 us-gaap Earnings Per Share Diluted
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CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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