INCY FY 2022 Earnings Report — Incyte Corporation Revenue & Financial Results | Market Cap Arena

Incyte CorporationINCY

FY 2022 Earnings

Reported February 7, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$3.4B	—	$3.0B	—	13.7%
Op. Income	$600M	—	$638M	—	-6.0%
Gross Margin	92.5%	—	93.7%	—	-1.2pp
Net Margin	10.0%	—	31.8%	—	-21.7pp
EPS (Diluted)	$1.52	—	$4.27	—	-64.4%
Free Cash Flow	$892M	—	$568M	—	56.9%

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$253M
GROSS PROFIT	$3.1B
R&D Expenses	$1.6B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$956M
Other Expenses	$0
Operating Expenses	$2.5B
Cost & Expenses	$2.8B
OPERATING INCOME	$600M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$70M
INCOME BEFORE TAX	$529M
Income Tax Expense	$188M
Net Income from Continuing Ops	$341M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$341M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$341M
D&A	$68M
EBIT	$532M
EBITDA	$600M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$253M
GROSS PROFIT	$3.1B
R&D Expenses	$1.6B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$956M
Other Expenses	$0
Operating Expenses	$2.5B
Cost & Expenses	$2.8B
OPERATING INCOME	$600M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$70M
INCOME BEFORE TAX	$529M
Income Tax Expense	$188M
Net Income from Continuing Ops	$341M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$341M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$341M
D&A	$68M
EBIT	$532M
EBITDA	$600M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$341M
Depreciation & Amortization	$68M
Stock-Based Compensation	$188M
Deferred Income Tax	$57M
Other Non-Cash Items	$117M
Change in Working Capital	$199M
OPERATING CASH FLOW	$970M
Capital Expenditure	-$78M
Acquisitions (Net)	$709.0K
Purchases of Investments	-$80M
Sales/Maturities of Investments	$79M
Other Investing Activities	-$709.0K
NET CASH FROM INVESTING	-$79M
Net Debt Issuance	-$3M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$59M
NET CASH FROM FINANCING	-$794.0K
FREE CASH FLOW	$892M
Net Change in Cash	$894M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.0B
Short-Term Investments	$288M
Net Receivables	$645M
Inventory	$42M
Other Current Assets	$167M
TOTAL CURRENT ASSETS	$4.1B
PP&E (Net)	$766M
Goodwill	$156M
Intangible Assets	$129M
Long-Term Investments	$134M
Tax Assets	$458M
Other Non-Current Assets	$106M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$5.8B
Account Payables	$278M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$436M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$284M
TOTAL NON-CURRENT LIABILITIES	$314M
TOTAL LIABILITIES	$1.5B
Common Stock	$223.0K
Additional Paid-In Capital	$4.8B
Retained Earnings	-$437M
Treasury Stock	$0
Accum. Other Comp. Income	$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.4B
Minority Interest	$0
TOTAL EQUITY	$4.4B
TOTAL LIABILITIES & EQUITY	$5.8B
Total Debt	$41M
Net Debt	-$2.9B