REGENERON PHARMACEUTICALS INC
For the period ended Mar 31, 2024. Filed May 2, 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.
Mar 31, 2024 · Filed May 2, 2024
REGN$916.06-0.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Income
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited)
(In millions, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Statements of Operations | ||
| Revenues: | ||
| Net product sales | $1,761.3 | $1,668.0 |
| Collaboration revenue | 1,266.8 | 1,378.1 |
| Other revenue | 116.9 | 116.0 |
| 3,145.0 | 3,162.1 | |
| Expenses: | ||
| Research and development | 1,248.4 | 1,101.2 |
| Acquired in-process research and development | 7.1 | 56.1 |
| Selling, general, and administrative | 689.0 | 601.1 |
| Cost of goods sold | 240.4 | 208.4 |
| Cost of collaboration and contract manufacturing | 193.4 | 249.1 |
| Other operating expense (income), net | 15.3 | (0.5) |
| 2,393.6 | 2,215.4 | |
| Income from operations | 751.4 | 946.7 |
| Other income (expense): | ||
| Other (expense) income, net | (34.6) | (70.7) |
| Interest expense | (16.1) | (18.0) |
| (50.7) | (88.7) | |
| Income before income taxes | 700.7 | 858.0 |
| Income tax (benefit) expense | (21.3) | 40.2 |
| Net income | $722.0 | $817.8 |
| Net income per share - basic | $6.70 | $7.64 |
| Net income per share - diluted | $6.27 | $7.17 |
| Weighted average shares outstanding - basic | 107.8 | 107.1 |
| Weighted average shares outstanding - diluted | 115.1 | 114.0 |
| Statements of Comprehensive Income | ||
| Net income | $722.0 | $817.8 |
| Other comprehensive income (loss), net of tax: | ||
| Unrealized gain on debt securities | 3.5 | 57.2 |
| Gain on foreign currency translation | 0.2 | — |
| Comprehensive income | $725.7 | $875.0 |
| The accompanying notes are an integral part of the financial statements. | ||
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