INCYTE CORP
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 29, 2024
INCY$121.89+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands, except number of shares and par value)
| September 30,2024 | December 31,2023* | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,304,109 | $3,213,376 |
| Marketable securities—available-for-sale (amortized cost $463,921 and $442,816 as of September 30, 2024 and December 31, 2023, respectively; allowance for credit losses $0 as of September 30, 2024 and December 31, 2023) | 467,235 | 442,667 |
| Short term equity investments | 3,344 | — |
| Accounts receivable | 758,450 | 743,557 |
| Inventory | 70,442 | 62,972 |
| Prepaid expenses and other current assets | 205,128 | 182,830 |
| Total current assets | 2,808,708 | 4,645,402 |
| Restricted cash | 1,737 | 1,845 |
| Long term equity investments | 27,566 | 187,716 |
| Inventory | 297,974 | 206,965 |
| Property and equipment, net | 773,102 | 751,513 |
| Finance lease right-of-use assets, net | 25,072 | 25,535 |
| Other intangible assets, net | 119,994 | 123,545 |
| Goodwill | 155,593 | 155,593 |
| Deferred income tax asset | 762,310 | 631,886 |
| Other assets, net | 40,378 | 52,107 |
| Total assets | $5,012,434 | $6,782,107 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $178,710 | $109,601 |
| Accrued compensation | 150,722 | 153,348 |
| Accrued and other current liabilities | 1,127,951 | 935,569 |
| Finance lease liabilities | 3,932 | 3,439 |
| Acquisition-related contingent consideration | 40,335 | 38,422 |
| Total current liabilities | 1,501,650 | 1,240,379 |
| Acquisition-related contingent consideration | 166,665 | 173,578 |
| Finance lease liabilities | 28,223 | 29,162 |
| Other liabilities | 144,676 | 149,151 |
| Total liabilities | 1,841,214 | 1,592,270 |
| Commitments and contingencies (Note 16) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value; 5,000,000 shares authorized; none issued or outstanding | — | — |
| Common stock, $0.001 par value; 400,000,000 shares authorized; 192,798,328 and 224,286,862 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 192 | 224 |
| Additional paid-in capital | 4,429,466 | 5,016,122 |
| Accumulated other comprehensive income | 15,655 | 13,106 |
| (Accumulated deficit) retained earnings | (1,274,093) | 160,385 |
| Total stockholders’ equity | 3,171,220 | 5,189,837 |
| Total liabilities and stockholders’ equity | $5,012,434 | $6,782,107 |
*The condensed consolidated balance sheet at December 31, 2023 has been derived from the audited consolidated financial statements at that date.
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