← INSMED Inc
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | ($176.3m) |
($192.6m)
-9.29%
|
($324.3m)
-68.33%
|
($254.3m)
+21.57%
|
($294.1m)
-15.63%
|
($434.7m)
-47.80%
|
($481.5m)
-10.79%
|
($749.6m)
-55.66%
|
($913.8m)
-21.91%
|
($1.3b)
-39.73%
|
— | |
| Depreciation, Depletion and Amortization | $2.4m | $2.9m | $3.6m | $5.2m | $9.1m | $9.1m | $5.3m | $5.5m | $6.0m | $10.4m | $19.8m | |
| Depreciation | — | — | $3.6m | $5.2m | $9.1m | $9.1m | $5.3m | $5.5m | $6.0m | $10.4m | $12.2m | |
| Amortization of Debt Issuance Costs | $281k | $118k | $1.4m | $1.4m | $1.4m | $1.9m | $4.0m | $7.3m | $6.9m | $6.2m | — | |
| Amortization of Intangible Assets | — | — | $1.2m | $5.0m | $5.0m | $5.1m | $5.1m | $5.1m | $5.1m | $6.0m | — | |
| Amortization Cash Flow | — | — | — | — | — | — | $5.1m | $5.1m | $5.1m | $6.0m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | $5.1m | $5.1m | $5.1m | $6.0m | $7.6m | |
| Amortization Of Securities | — | — | — | — | — | — | $0 | ($9.4m) | ($19.2m) | ($38.3m) | ($34.4m) | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $10.3m | $10.6m | $11.0m | $16.4m | $19.8m | |
| Deferred Income Tax Expense (Benefit) | — | ($417k) | $0 | $0 | $0 | ($3.4m) | ($231k) | ($54k) | ($29k) | ($27k) | — | |
| Share-based Payment Arrangement, Noncash Expense | $18.0m | $18.1m | $26.2m | $27.0m | $36.2m | $46.0m | $57.7m | $74.8m | $96.8m | $152.7m | $157.5m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Other Nonoperating Income (Expense) | $119k | $300k | $602k | ($531k) | $405k | ($3.3m) | ($5.9m) | $1.9m | $29k | ($1.8m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $6.6m | ($39.2m) | ($3.2m) | ($80.3m) | ($112.9m) | |
| Increase (Decrease) in Accounts Receivable | — | — | $5.5m | $13.7m | ($2.7m) | $8.1m | $6.4m | $12.0m | $12.9m | $88.3m | ($162.9m) | |
| Change In Receivables | — | — | — | — | — | — | ($6.4m) | ($12.0m) | ($12.9m) | ($88.3m) | ($162.9m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($6.4m) | ($12.0m) | ($12.9m) | ($88.3m) | ($162.9m) | |
| Increase (Decrease) in Inventories | — | — | $7.0m | $21.3m | $21.2m | $17.5m | $1.7m | $13.6m | $17.0m | $31.5m | ($40.4m) | |
| Change In Inventory | — | — | — | — | — | — | ($1.7m) | ($13.6m) | ($17.0m) | ($31.5m) | ($40.4m) | |
| Increase (Decrease) in Accounts Payable | $2.8m | $3.6m | $3.9m | ($5.0m) | $29.8m | ($7.6m) | $50.0m | $15.2m | $44.6m | — | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $50.0m | $15.2m | $44.6m | $100.1m | $170.8m | |
| Change In Other Current Assets | — | — | — | — | — | — | ($25.2m) | ($20.1m) | $8.3m | ($2.1m) | ($22.2m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($12.6m) | ($11.0m) | ($11.9m) | ($5.0m) | ($3.3m) | |
| Net Cash Provided by (Used in) Operating Activities | ($146.7m) |
($159.6m)
-8.80%
|
($258.0m)
-61.62%
|
($250.6m)
+2.84%
|
($219.3m)
+12.49%
|
($363.3m)
-65.63%
|
($400.4m)
-10.22%
|
($536.2m)
-33.91%
|
($683.9m)
-27.53%
|
($935.0m)
-36.72%
|
($778.9m)
+16.69%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $4.2m | $3.0m | $13.1m | $42.3m | $6.2m | $7.3m | $9.9m | $13.3m | $21.9m | $32.6m | ($28.7m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | — | — | — | — | $75.0m | $375.0m | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | — | $3.4m | — | ($30.0m) | ($30.0m) | |
| Net Cash Provided by (Used in) Investing Activities | — | ($3.0m) | ($14.8m) | ($42.3m) | ($6.8m) | ($64.3m) | ($34.6m) | ($223.6m) | ($583.2m) | ($64.6m) | ($82.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | ($2.2m) | $0 | $0 | ($17.7m) | $0 | $0 | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $350.0m | $0 | $150.0m | $0 | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $350.0m | $0 | $150.0m | $0 | $0 | |
| Long Term Debt Payments | — | — | — | — | — | — | ($601k) | ($1.2m) | ($2.6m) | ($4.9m) | ($3.1m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $349.4m | ($1.2m) | $147.4m | ($4.9m) | ($3.1m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $349.4m | ($1.2m) | $147.4m | ($4.9m) | ($3.1m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($601k) | ($1.2m) | ($2.6m) | ($4.9m) | ($3.1m) | |
| Proceeds from Issuance of Common Stock | — | $377.7m | $0 | $261.1m | $245.9m | $269.9m | $292.2m | $152.5m | $1.1b | $823.3m | ($256k) | |
| Common Stock Issuance | — | — | — | — | — | — | $292.2m | $152.5m | $1.1b | $823.3m | ($256k) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $292.2m | $152.5m | $1.1b | $823.3m | ($256k) | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | ($1.1m) | ($601k) | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | ($15.7m) | $132.2m | ($1.2m) | ($3.7m) | — | ($3.7m) | |
| Net Cash Provided by (Used in) Financing Activities | — | $381.1m |
$386.7m
+1.48%
|
$285.3m
-26.24%
|
$271.0m
-5.00%
|
$612.5m
+126.03%
|
$793.3m
+29.50%
|
$168.4m
-78.77%
|
$1.3b
+696.15%
|
$954.1m
-28.85%
|
$124.0m
-87.01%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($7.6m) | $45.3m | $184.0m | $357.3m | ($591.7m) | $72.7m | ($44.6m) | $546.6m | |
| Beginning Cash Position | — | — | — | — | — | — | $716.8m | $1.1b | $482.4m | $555.0m | $1.3b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $487.4m | $532.8m | $716.8m | $1.1b | $482.4m | $555.0m | $510.4m | $546.6m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | ($933k) | ($996k) | ($250k) | ($1.3m) | $931k | ($1.8m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($996k) | ($250k) | ($1.3m) | $931k | ($1.8m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $1.1m | $3.4m | $8.8m | $19.7m | $26.1m | $22.0m | $19.5m | $18.4m | $113.2m | $135.7m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $6.3m | $7.9m | $9.2m | $10.9m | $10.2m | $35.8m | $40.6m | $55.4m | — | |
| Income Taxes Paid, Net | ($85k) | $166k | $154k | $339k | $814k | $1.6m | $1.7m | $2.0m | $2.5m | $4.1m | — | |
| Additional Financial Items | ||||||||||||
| Accretion Expense | $171k | $658k | $50k | — | — | — | $0 | $0 | — | — | — | |
| General and Administrative Expense | $50.7m | $79.2m | $168.2m | $210.8m | $203.6m | $234.3m | $265.8m | $344.5m | — | — | — | |
| Goodwill | — | — | — | — | — | $136.1m | $136.1m | $136.1m | $136.1m | $136.1m | — | |
| Income Tax Expense (Benefit) | $98k | ($272k) | $201k | $777k | $1.4m | ($1.8m) | $1.4m | $2.6m | $3.7m | $5.0m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $84.9m | $83.8m | — | |
| Operating Expenses | $173.4m | $188.9m | — | — | — | — | — | — | — | — | — | |
| Operating Lease, Expense | — | — | — | $3.2m | $3.7m | $4.9m | $8.0m | $9.2m | $11.9m | $13.6m | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | — | ($1.5m) | $320k | ($236k) | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $793.3m | $168.4m | $1.3b | $954.1m | $124.0m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($34.6m) | ($223.6m) | ($583.2m) | ($64.6m) | ($82.8m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $357.3m | ($591.7m) | $72.7m | ($44.6m) | — | |
| Change In Prepaid Assets | — | — | — | — | — | — | $2.5m | $2.3m | ($14.2m) | ($53.4m) | ($55.0m) | |
| Changes In Cash | — | — | — | — | — | — | $358.2m | ($591.4m) | $74.0m | ($45.5m) | ($737.8m) | |
| End Cash Position | — | — | — | — | — | — | $1.1b | $482.4m | $555.0m | $510.4m | $546.6m | |
| Financing Cash Flow | — | — | — | — | — | — | $793.3m |
$168.4m
-78.77%
|
$1.3b
+696.15%
|
$954.1m
-28.85%
|
$124.0m
-87.01%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($410.3m) | ($549.5m) | ($705.8m) | ($967.6m) | ($807.7m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $1.5m | ($320k) | $236k | — | $236k | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $0 | $0 | $76.5m | — | — | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($34.6m) | ($223.6m) | ($583.2m) | ($64.6m) | ($82.8m) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($6.7m) | $0 | $0 | — | — | ($3.4m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($24.7m) | ($213.7m) | ($561.3m) | ($2.0m) | ($9.0m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($9.9m) | ($13.3m) | ($21.9m) | ($32.6m) | ($28.7m) | |
| Operating Gains Losses | — | — | — | — | — | $17.7m | $1.5m | ($320k) | $236k | — | $236k | |
| Other Non Cash Items | — | — | — | — | — | — | $5.0m | $176.9m | $144.1m | $291.2m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $19.5m | $18.4m | $113.2m | $135.7m | $127.4m | |
| Purchase Of Business | — | — | — | — | — | ($6.7m) | $0 | $0 | — | — | — | |
| Purchase Of Intangibles | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($99.7m) | ($588.7m) | ($1.6b) | ($2.1b) | ($1.6b) | |
| Purchase Of PPE | $4.2m | $3.0m | $13.1m | $42.3m | $6.2m | $7.3m | ($9.9m) | ($13.3m) | ($21.9m) | ($32.6m) | ($28.7m) | |
| Sale Of Investment | — | — | — | — | — | — | $75.0m | $375.0m | $1.0b | $2.1b | $1.6b | |
| Stock Based Compensation | — | — | — | — | — | — | $57.7m | $74.8m | $96.8m | $152.7m | $157.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.