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Income Statement
Balance Sheet
Cash Flow Statement

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Op Efficiency
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Instil Bio, Inc. (TIL)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19
   8-K10-K10-KS-1/A
Revenues  141.10.00.14.0
            Revenue growth   -100.0%-96.6% 
Cost of goods sold  282.10.0-34.48.1
Gross profit  -141.10.034.5-4.0
            Gross margin  -100.0% 25014.5%-100.0%
Selling, general and administrative   [+]62.248.314.42.6
Research and development   107.319.4 
Other operating expenses    33.8 
EBITDA   [+] -152.8-32.8-6.6
            EBITDA margin  -144.1% -23759.4%-163.0%
Depreciation and amortization   2.80.30.0
EBIT   [+]-203.3-155.6-33.0-6.6
            EBIT margin  -144.1% -23944.9%-163.5%
Non-recurring items  23.2 0.6 
Other income (expense), net  1.2-1.2-3.90.1
Pre-tax income  -225.3-156.8-37.6-6.5
Income taxes  0.00.00.20.0
            Tax rate  0.0%  0.0%
Net income  0.0-156.8-37.7-6.5
            Net margin  0.0% -27346.4%-162.0%
   
Basic EPS   [+]$0.00($1.48)($2.36)($0.55)
Diluted EPS   [+]$0.00($1.48)($2.36)($0.55)
   
Shares outstanding (basic)   [+]129.5106.016.011.8
Shares outstanding (diluted)   [+]129.5106.016.011.8
   
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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