INCY FY 2016 Earnings Report — Incyte Corporation Revenue & Financial Results | Market Cap Arena

Incyte CorporationINCY

FY 2016 Earnings

Reported March 17, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.1B	—	$754M	—	46.7%
Op. Income	$164M	—	$51M	—	223.8%
Gross Margin	90.6%	—	93.4%	—	-2.9pp
Net Margin	9.4%	—	0.9%	—	8.6pp
EPS (Diluted)	$0.54	—	$0.03	—	1700.0%
Free Cash Flow	$184M	—	$61M	—	204.8%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$104M
GROSS PROFIT	$1.0B
R&D Expenses	$582M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$256M
Other Expenses	$0
Operating Expenses	$838M
Cost & Expenses	$942M
OPERATING INCOME	$164M
Interest Income	$5M
Interest Expense	$39M
Other Income/Expenses	-$57M
INCOME BEFORE TAX	$107M
Income Tax Expense	$3M
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$58M
EBIT	$146M
EBITDA	$205M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$104M
GROSS PROFIT	$1.0B
R&D Expenses	$582M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$256M
Other Expenses	$0
Operating Expenses	$838M
Cost & Expenses	$942M
OPERATING INCOME	$164M
Interest Income	$5M
Interest Expense	$39M
Other Income/Expenses	-$57M
INCOME BEFORE TAX	$107M
Income Tax Expense	$3M
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$58M
EBIT	$146M
EBITDA	$205M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$104M
Depreciation & Amortization	$58M
Stock-Based Compensation	$96M
Deferred Income Tax	$3M
Other Non-Cash Items	$18M
Change in Working Capital	$25M
OPERATING CASH FLOW	$305M
Capital Expenditure	-$120M
Acquisitions (Net)	-$143M
Purchases of Investments	-$57M
Sales/Maturities of Investments	$88M
Other Investing Activities	$31M
NET CASH FROM INVESTING	-$232M
Net Debt Issuance	-$445.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$9M
NET CASH FROM FINANCING	$59M
FREE CASH FLOW	$184M
Net Change in Cash	$131M

Balance Sheet

Item	Amount
Cash & Equivalents	$652M
Short-Term Investments	$156M
Net Receivables	$149M
Inventory	$4M
Other Current Assets	$33M
TOTAL CURRENT ASSETS	$994M
PP&E (Net)	$168M
Goodwill	$156M
Intangible Assets	$270M
Long-Term Investments	$32M
Tax Assets	$0
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$644M
TOTAL ASSETS	$1.6B
Account Payables	$76M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$70M
TOTAL CURRENT LIABILITIES	$274M
Long-Term Debt	$651M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$294M
TOTAL NON-CURRENT LIABILITIES	$946M
TOTAL LIABILITIES	$1.2B
Common Stock	$189.0K
Additional Paid-In Capital	$2.1B
Retained Earnings	-$1.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$419M
Minority Interest	$0
TOTAL EQUITY	$419M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$651M
Net Debt	-$862.0K