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Seagen Inc. (SGEN)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Royalty revenues        41.040.0
    Net product sales        226.1178.2
    Other        69.868.6
Total revenues   [+]1,574.42,175.5916.7654.7482.3418.1336.8286.8
            Revenue growth   [+]-27.6%137.3%40.0%35.8%15.3%24.2%17.5%6.5%
Cost of goods sold  311.6217.744.088.354.142.324.517.5
Gross profit  1,262.81,957.8872.8566.4428.1375.8312.3269.2
            Gross margin  80.2%90.0%95.2%86.5%88.8%89.9%92.7%93.9%
Selling, general and administrative  716.2533.8373.9261.1167.2139.2125.8104.3
Research and development  1,228.7827.1719.4565.3456.7379.3294.5230.7
Other operating expenses        13.011.5
EBITDA   [+]-616.1649.2-196.8-234.0-171.5-124.7-106.4-64.9
            EBITDA margin  -39.1%29.8%-21.5%-35.7%-35.6%-29.8%-31.6%-22.6%
Depreciation  42.936.023.825.324.318.013.711.7
EBITA  -659.0613.2-220.5-259.3-195.8-142.7-120.2-76.6
            EBITA margin  -41.9%28.2%-24.1%-39.6%-40.6%-34.1%-35.7%-26.7%
Amortization of intangibles  23.116.30.00.7  0.80.8
EBIT   [+]-682.1596.9-220.5-260.0-195.8-142.7-121.0-77.4
            EBIT margin  -43.3%27.4%-24.1%-39.7%-40.6%-34.1%-35.9%-27.0%
Interest income  1.67.211.86.33.12.60.51.2
Other income (expense), net  4.711.650.17.333.8   
Pre-tax income  -675.7615.7-158.7-246.3-158.9-140.1-120.5-76.1
Income taxes  -1.22.00.0-23.7-33.40.00.00.0
            Tax rate  0.2%0.3%0.0%9.6%21.0%0.0%0.0%0.0%
Net income  -674.5613.7-158.7-222.7-125.5-140.1-120.5-76.1
            Net margin  -42.8%28.2%-17.3%-34.0%-26.0%-33.5%-35.8%-26.6%
   
Basic EPS   [+]($3.70)$3.51($0.96)($1.41)($0.88)($1.00)($0.93)($0.62)
Diluted EPS   [+]($3.70)$3.37($0.96)($1.41)($0.88)($1.00)($0.93)($0.62)
   
Shares outstanding (basic)   [+]182.0174.8165.5157.7143.2140.7129.2123.4
Shares outstanding (diluted)   [+]182.0182.3165.5157.7143.2140.7129.2123.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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