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 Statements of Operations
(unaudited, in thousands, except per share amounts)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Product revenues, net | $962,992 | $783,197 | $2,599,481 | $2,303,439 |
| Product royalty revenues | 156,879 | 130,828 | 420,038 | 373,869 |
| Milestone and contract revenues | 18,000 | 5,000 | 43,000 | 5,000 |
| Total revenues | 1,137,871 | 919,025 | 3,062,519 | 2,682,308 |
| Costs, expenses and other: | ||||
| Cost of product revenues (including definite-lived intangible amortization) | 85,993 | 60,091 | 223,583 | 185,239 |
| Research and development | 573,174 | 375,709 | 2,140,814 | 1,183,100 |
| Selling, general and administrative | 309,209 | 267,893 | 915,447 | 867,428 |
| Loss (gain) on change in fair value of acquisition-related contingent consideration | 23,410 | (426) | 23,847 | 14,144 |
| Loss and (profit) sharing under collaboration agreements | — | 1,053 | (1,025) | (858) |
| Total costs, expenses and other | 991,786 | 704,320 | 3,302,666 | 2,249,053 |
| Income (loss) from operations | 146,085 | 214,705 | (240,147) | 433,255 |
| Interest income and other, net | 24,195 | 46,371 | 118,708 | 121,912 |
| Interest expense | (774) | (623) | (1,861) | (1,747) |
| Realized and unrealized (loss) gain on equity investments | (12,982) | (26,654) | 126,206 | 9,839 |
| Income before provision for income taxes | 156,524 | 233,799 | 2,906 | 563,259 |
| Provision for income taxes | 50,068 | 62,530 | 171,503 | 166,739 |
| Net income (loss) | $106,456 | $171,269 | $(168,597) | $396,520 |
| Net income (loss) per share: | ||||
| Basic | $0.55 | $0.76 | $(0.80) | $1.77 |
| Diluted | $0.54 | $0.76 | $(0.80) | $1.76 |
| Shares used in computing net income (loss) per share: | ||||
| Basic | 192,629 | 224,078 | 211,763 | 223,428 |
| Diluted | 195,838 | 226,167 | 211,763 | 225,756 |
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