$SRRK
Scholar Rock Holding Corp

2019 Q4 Form 10-K Financial Statement

#000155837021002641 Filed on March 09, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2019 2018 Q4
Revenue $7.570M $20.49M $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.860M $20.82M $5.440M
YoY Change 7.72% 44.78% -61.25%
% of Gross Profit
Research & Development $3.700M $54.22M $10.13M
YoY Change -63.47% 49.32% -281.54%
% of Gross Profit
Depreciation & Amortization $380.0K $1.300M $240.0K
YoY Change 58.33% 60.49% 41.18%
% of Gross Profit
Operating Expenses $3.700M $75.03M $15.56M
YoY Change -76.22% 48.03% 83.92%
Operating Profit -$54.54M
YoY Change
Interest Expense $590.0K
YoY Change 5800.0%
% of Operating Profit
Other Income/Expense, Net $770.0K $3.542M $0.00
YoY Change -6003.33% -100.0%
Pretax Income -$11.57M -$51.00M -$14.97M
YoY Change -22.71% 3.39% 76.95%
Income Tax
% Of Pretax Income
Net Earnings -$11.57M -$51.00M -$14.97M
YoY Change -22.71% 3.39% 76.95%
Net Earnings / Revenue -152.84% -248.88%
Basic Earnings Per Share
Diluted Earnings Per Share -$394.1K -$1.852M -$955.9K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $157.4M $157.4M $175.6M
YoY Change -10.36% -10.36%
Cash & Equivalents $36.31M $36.30M $115.3M
Short-Term Investments $121.1M $121.1M $60.60M
Other Short-Term Assets $2.700M $2.700M $2.300M
YoY Change 17.39% 17.39%
Inventory
Prepaid Expenses
Receivables $25.00M $25.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $185.2M $185.2M $177.9M
YoY Change 4.08% 4.1%
LONG-TERM ASSETS
Property, Plant & Equipment $4.171M $8.600M $3.200M
YoY Change 30.34% 168.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $98.00K $2.600M $200.0K
YoY Change -51.0% 1200.0%
Total Long-Term Assets $11.21M $11.20M $3.400M
YoY Change 229.82% 229.41%
TOTAL ASSETS
Total Short-Term Assets $185.2M $185.2M $177.9M
Total Long-Term Assets $11.21M $11.20M $3.400M
Total Assets $196.4M $196.4M $181.3M
YoY Change 8.32% 8.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.130M $1.100M $3.300M
YoY Change -65.76% -66.67%
Accrued Expenses $9.610M $10.70M $7.200M
YoY Change 33.47% 48.61%
Deferred Revenue $20.92M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $400.0K
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $32.81M $32.80M $31.10M
YoY Change 5.51% 5.47%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $9.000K $50.70M $43.60M
YoY Change -99.98% 16.28%
Total Long-Term Liabilities $9.000K $50.70M $43.60M
YoY Change -99.98% 16.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.81M $32.80M $31.10M
Total Long-Term Liabilities $9.000K $50.70M $43.60M
Total Liabilities $83.48M $83.50M $74.70M
YoY Change 11.75% 11.78%
SHAREHOLDERS EQUITY
Retained Earnings -$157.8M
YoY Change
Common Stock $30.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $112.9M $112.9M $106.6M
YoY Change
Total Liabilities & Shareholders Equity $196.4M $196.4M $181.3M
YoY Change 8.32% 8.33%

Cashflow Statement

Concept 2019 Q4 2019 2018 Q4
OPERATING ACTIVITIES
Net Income -$11.57M -$51.00M -$14.97M
YoY Change -22.71% 3.39% 76.95%
Depreciation, Depletion And Amortization $380.0K $1.300M $240.0K
YoY Change 58.33% 60.49% 41.18%
Cash From Operating Activities -$16.07M -$63.12M $55.09M
YoY Change -129.17% -356.88% -1009.08%
INVESTING ACTIVITIES
Capital Expenditures -$1.470M $3.115M -$700.0K
YoY Change 110.0% -309.06% 536.36%
Acquisitions
YoY Change
Other Investing Activities $22.68M -$59.12M -$60.24M
YoY Change -137.65% 0.65% -1100.66%
Cash From Investing Activities $21.21M -$62.24M -$60.94M
YoY Change -134.8% 3.33% -1132.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $48.30M
YoY Change -49.13%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 810.0K 48.88M 16.93M
YoY Change -95.22% -48.15% -63.76%
NET CHANGE
Cash From Operating Activities -16.07M -63.12M 55.09M
Cash From Investing Activities 21.21M -62.24M -60.94M
Cash From Financing Activities 810.0K 48.88M 16.93M
Net Change In Cash 5.950M -76.47M 11.08M
YoY Change -46.3% -230.47% -76.2%
FREE CASH FLOW
Cash From Operating Activities -$16.07M -$63.12M $55.09M
Capital Expenditures -$1.470M $3.115M -$700.0K
Free Cash Flow -$14.60M -$66.23M $55.79M
YoY Change -126.17% -354.14% -1037.65%

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in accordance with GAAP requires management to make estimates and judgments that may affect the reported amounts of assets and liabilities and related disclosures of contingent assets and liabilities at the date of the financial statements and the related reporting of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates.</p>
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