NEUROCRINE BIOSCIENCES INC
For the period ended Sep 30, 2024. Filed Oct 30, 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 30, 2024
NBIX$169.14+0.2%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income and Comprehensive Income
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
AND COMPREHENSIVE INCOME
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| (in millions, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Revenues: | ||||
| Net product sales | $616.6 | $491.8 | $1,709.4 | $1,353.4 |
| Collaboration revenues | 5.5 | 7.0 | 18.2 | 18.5 |
| Total revenues | 622.1 | 498.8 | 1,727.6 | 1,371.9 |
| Operating expenses: | ||||
| Cost of revenues | 8.0 | 11.2 | 24.7 | 31.2 |
| Research and development | 195.0 | 142.2 | 545.5 | 427.5 |
| Acquired in-process research and development | 1.0 | — | 9.5 | 143.9 |
| Selling, general, and administrative | 234.3 | 204.2 | 719.4 | 668.7 |
| Total operating expenses | 438.3 | 357.6 | 1,299.1 | 1,271.3 |
| Operating income | 183.8 | 141.2 | 428.5 | 100.6 |
| Other income (expense): | ||||
| Unrealized loss on equity investments | (16.9) | (40.1) | (35.2) | (0.6) |
| Charges associated with convertible senior notes | — | — | (138.4) | — |
| Investment income and other, net | 23.4 | 14.5 | 68.5 | 33.9 |
| Total other income (expense), net | 6.5 | (25.6) | (105.1) | 33.3 |
| Income before provision for income taxes | 190.3 | 115.6 | 323.4 | 133.9 |
| Provision for income taxes | 60.5 | 32.5 | 85.2 | 31.9 |
| Net income | $129.8 | $83.1 | $238.2 | $102.0 |
| Foreign currency translation adjustments, net of tax | 2.9 | (1.4) | 2.5 | 0.7 |
| Unrealized gain on available-for-sale debt securities, net of tax | 9.1 | 0.8 | 5.0 | 5.5 |
| Comprehensive income | $141.8 | $82.5 | $245.7 | $108.2 |
| Earnings per share: | ||||
| Basic | $1.28 | $0.85 | $2.37 | $1.05 |
| Diluted | $1.24 | $0.82 | $2.29 | $1.01 |
| Weighted-average shares outstanding: | ||||
| Basic | 101.1 | 97.9 | 100.6 | 97.5 |
| Diluted | 104.3 | 101.1 | 104.0 | 100.6 |
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