← INCYTE CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $340.7m | $597.6m | $32.6m | $1.3b | |
| Net Income (Loss) Attributable to Parent | $104.2m | ($313.1m) | $109.5m | $446.9m | ($295.7m) | $948.6m | $340.7m | $597.6m | $32.6m | $1.3b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $104.2m | ($313.1m) | $109.5m | $446.9m | ($295.7m) | $948.6m | $340.7m | $597.6m | $32.6m | $1.3b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $109.5m | $446.9m | ($295.7m) | $948.6m | $340.7m | $597.6m | $32.6m | $1.3b | |
| Depreciation, Depletion and Amortization | $58.4m | $52.2m | $55.0m | $54.5m | $51.8m | $57.8m | $67.9m | $82.7m | $89.2m | $93.3m | |
| Amortization of Intangible Assets | — | $21.5m | $21.5m | $21.5m | $21.5m | $21.5m | $21.5m | $22.5m | $23.6m | $26.7m | |
| Depreciation | $14.2m | $24.6m | $32.3m | $32.1m | $29.6m | $36.3m | $46.3m | $60.1m | $65.6m | $66.6m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $67.9m | $82.7m | $89.2m | $93.3m | |
| Deferred Income Tax Expense (Benefit) | — | ($805k) | ($459k) | ($377k) | ($350k) | ($465.6m) | $57.1m | ($158.9m) | ($85.6m) | $247.7m | |
| Deferred Income Tax | — | — | — | — | — | — | $57.1m | ($158.9m) | ($85.6m) | $247.7m | |
| Deferred Tax | — | — | — | — | — | — | $57.1m | ($158.9m) | ($85.6m) | $247.7m | |
| Share-based Payment Arrangement, Noncash Expense | $96.2m | $133.1m | $148.2m | $166.6m | $177.9m | $183.0m | $188.4m | $215.9m | $266.1m | $249.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | $29.9m | $26.3m | $28.6m | $40.3m | $76.8m | |
| Share-based Payment Arrangement, Expense | $96.2m | $133.1m | $148.2m | $166.6m | $177.9m | $183.0m | $188.4m | $215.9m | $266.1m | $249.3m | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | $12.0m | — | — | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | — | $5.6m | $0 | $76.3m | |
| Income Tax Expense (Benefit) | $3.2m | $852k | $5.9m | $39.9m | $63.5m | ($378.1m) | $188.5m | $236.6m | $284.0m | $377.8m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $2.3m | $2.4m | |
| Operating Lease, Expense | — | — | — | $14.2m | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | $52.2m | $23.2m | $10.6m | $39.9m | $172.3m | $12.8m | $25.1m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $23.9m | $117.5m | $41.3m | $1.2m | $173.2m | $134.3m | $28.6m | $98.7m | $111.6m | $170.8m | |
| Increase (Decrease) in Inventories | ($4.0m) | ($4.9m) | ($4.0m) | $6.1m | $19.5m | $21.0m | $67.5m | $170.2m | $127.6m | $58.5m | |
| Increase (Decrease) in Accounts Payable | $43.8m | ($7.9m) | $36.2m | ($20.2m) | $15.1m | $73.3m | $105.4m | ($167.9m) | $88.2m | $6.6m | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | — | — | $116.0m | $21.3m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | $34.5m | $10.4m | ($24.1m) | ($87.6m) | $43.9m | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | — | — | $242.3m | |
| Goodwill | $155.6m | $155.6m | $155.6m | $155.6m | $155.6m | $155.6m | $155.6m | $155.6m | $155.6m | $133.0m | |
| Induced Conversion of Convertible Debt Expense | — | $54.9m | — | — | — | — | — | — | — | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | $128.7m | $105.6m | |
| Beginning Cash Position | — | — | — | — | — | — | $2.1b | $3.0b | $3.2b | $1.7b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($794k) | ($20.0m) | ($2.0b) | $101.0m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($78.5m) | ($207.7m) | $157.5m | ($102.6m) | |
| Change In Account Payable | — | — | — | — | — | — | $105.4m | ($167.9m) | $88.2m | $6.6m | |
| Change In Accrued Expense | — | — | — | — | — | — | $220.2m | $230.6m | $278.9m | ($148.2m) | |
| Change In Inventory | — | — | — | — | — | — | ($67.5m) | ($170.2m) | ($127.6m) | ($58.5m) | |
| Change In Payable | — | — | — | — | — | — | $105.4m | ($167.9m) | $88.2m | $6.6m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $325.6m | $62.7m | $367.1m | ($141.6m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($30.7m) | ($42.5m) | $10.4m | ($156.2m) | |
| Change In Receivables | — | — | — | — | — | — | ($28.6m) | ($98.7m) | ($111.6m) | ($170.8m) | |
| Change In Working Capital | — | — | — | — | — | — | $198.8m | ($248.7m) | $138.2m | ($527.2m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($28.6m) | ($98.7m) | ($111.6m) | ($170.8m) | |
| Changes In Cash | — | — | — | — | — | — | $890.6m | $268.8m | ($1.5b) | $1.4b | |
| End Cash Position | — | — | — | — | — | — | $3.0b | $3.2b | $1.7b | $3.1b | |
| Financing Cash Flow | — | — | — | — | — | — | ($794k) | ($20.0m) | ($2.0b) | $101.0m | |
| Free Cash Flow | — | — | — | — | — | — | $892.1m | $449.0m | $235.2m | $1.3b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $87.6m | ($43.9m) | ($116.0m) | ($21.3m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($78.5m) | ($207.7m) | $157.5m | ($102.6m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | $1.4m | $17.4m | — | — | — | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | $0 | ($15.0m) | ($13.9m) | ($25.0m) | |
| Operating Gains Losses | — | — | — | — | — | — | $87.6m | ($43.9m) | ($116.0m) | ($21.3m) | |
| Other Non Cash Items | — | — | — | — | — | — | $29.5m | $46.1m | $10.8m | $8.7m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $61.1m | $35.8m | $49.3m | $221.8m | |
| Purchase Of Intangibles | — | — | — | — | — | — | $0 | ($15.0m) | ($13.9m) | ($25.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | $0 | ($2.0b) | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $188.4m | $215.9m | $266.1m | $249.3m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | $24.1m | $87.6m | ($43.9m) | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $304.8m | ($93.0m) | $336.2m | $710.7m | ($124.6m) | $749.5m | $969.9m | $496.5m | $335.3m | $1.4b | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($77.8m) | ($47.5m) | ($100.2m) | ($83.9m) | |
| Capital Expenditure Reported | $120.3m | $111.0m | $73.5m | $78.1m | $187.4m | $181.0m | ($77.8m) | ($32.5m) | ($86.3m) | ($58.9m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $142.9m | — | — | — | — | — | — | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($709k) | ($160.2m) | $257.7m | ($18.7m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($79.9m) | ($466.0m) | ($258.4m) | ($303.4m) | |
| Sale Of Investment | — | — | — | — | — | — | $79.2m | $305.8m | $516.0m | $284.6m | |
| Net Cash Provided by (Used in) Investing Activities | ($232.5m) | ($350.0m) | ($86.4m) | ($87.5m) | ($269.0m) | ($207.7m) | ($78.5m) | ($207.7m) | $157.5m | ($102.6m) | |
| Cash flows from financing activities: | |||||||||||
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($2.9m) | ($3.4m) | ($3.8m) | ($4.5m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($2.9m) | ($3.4m) | ($3.8m) | ($4.5m) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($2.9m) | ($3.4m) | ($3.8m) | ($4.5m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($2.9m) | ($3.4m) | ($3.8m) | ($4.5m) | |
| Proceeds from Issuance of Common Stock | $50.0m | $649.4m | $29.9m | $63.3m | $110.3m | $58.6m | $61.1m | $35.8m | $49.3m | $221.8m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $0 | $0 | ($2.0b) | $0 | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $0 | $0 | $2.0b | $0 | |
| Common Stock Payments | — | — | — | — | — | — | $0 | $0 | ($2.0b) | $0 | |
| Net Other Financing Charges | — | — | — | — | — | — | ($59.0m) | ($52.5m) | ($62.3m) | ($116.2m) | |
| Net Cash Provided by (Used in) Financing Activities | $58.6m | $690.2m | $14.7m | $45.7m | $71.7m | $6.2m | ($794k) | ($20.0m) | ($2.0b) | $101.0m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($9k) | ($39k) | $91k | ($192k) | $2.9m | ($3.6m) | $3.4m | ($6.7m) | $2.9m | ($1.7m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $3.4m | ($6.7m) | $2.9m | ($1.7m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($9k) | ($39k) | $264.6m | $668.7m | ($318.9m) | $544.4m | $894.0m | $262.1m | ($1.5b) | $1.4b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($9k) | ($39k) | $1.2b | $1.8b | $1.5b | $2.1b | $3.0b | $3.2b | $1.7b | $3.1b | |
| Restricted Cash and Investments, Current | $16k | — | — | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $894.0m | $262.1m | ($1.5b) | $1.4b | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $314k | $268k | $239k | $194k | $396k | — | — | — | — | |
| Income Taxes Paid, Net | $927k | $6.3m | $5.4m | $33.6m | $70.7m | $67.7m | $136.2m | $378.2m | $373.1m | $212.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.