← PACIFIC BIOSCIENCES OF CALIFORNIA, 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 loss | ($74.4m) | ($92.2m) | ($102.6m) | ($84.1m) | $29.4m | ($181.2m) | ($314.2m) | ($306.7m) | ($309.9m) | ($546.4m) | — | |
| Net Income (Loss) Attributable to Parent | ($74.4m) |
($92.2m)
-23.95%
|
($102.6m)
-11.25%
|
($84.1m)
+17.97%
|
$29.4m
+134.95%
|
($181.2m)
-716.34%
|
($314.2m)
-73.40%
|
($306.7m)
+2.39%
|
($309.9m)
-1.02%
|
($546.4m)
-76.34%
|
— | |
| Depreciation, Depletion and Amortization | $3.9m | $8.4m | $7.2m | $7.3m | $6.4m | $7.2m | $9.5m | $11.5m | $13.8m | $13.0m | $17.6m | |
| Amortization | — | — | — | — | — | — | — | $8.3m | $27.4m | $369.4m | $4.6m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | $532k | $617k | — | $0 | $0 | — | |
| Amortization of Debt Issuance Costs and Discounts | $1.2m | $1.2m | $1.0m | $1.2m | $129k | $539k | $640k | ($7.4m) | $0 | $0 | — | |
| Amortization of Intangible Assets | — | — | — | — | — | $400k | $900k | $6.2m | $27.4m | $369.4m | — | |
| Amortization of right-of-use assets | — | — | — | $2.7m | $2.9m | $4.0m | $6.9m | $6.8m | $12.2m | $4.0m | — | |
| Accretion of discount and amortization of premium on marketable securities, net | $97k | $47k | ($758k) | ($913k) | ($107k) | $4.0m | ($244k) | ($12.8m) | ($13.0m) | ($4.4m) | — | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | ($93.6m) | $0 | ($11.4m) | ($205k) | ($546k) | $0 | |
| Share-based Payment Arrangement, Noncash Expense | $19.6m | $20.4m | $23.2m | $16.4m | $17.5m | $73.4m | $78.6m | $72.1m | $71.0m | $41.7m | $34.3m | |
| Share-based Payment Arrangement, Expense | $19.6m | $20.4m | $23.2m | $16.4m | $17.5m | $80.7m | $78.6m | $72.1m | — | — | $34.3m | |
| Share-based compensation expense | $19.6m | $20.4m | $23.2m | $16.4m | $17.5m | $73.4m | $78.6m | $72.1m | $71.0m | $41.7m | $34.3m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | $184.5m | $15.0m | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $144.5m | — | $0 | |
| Impairment charges | — | — | — | — | — | — | $0 | $0 | $184.5m | $15.0m | — | |
| Other Nonoperating Income (Expense) | $103k | $516k | $848k | $1.0m | $2.1m | $93k | $7.6m | $32.7m | $23.8m | $14.8m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $6.2m | $2.0m | ($4.8m) | $6.7m | $1.6m | $7.2m | ($5.5m) | $17.8m | ($9.1m) | $7.9m | $1.2m | |
| Accounts receivable, net | ($6.2m) | ($2.0m) | $4.8m | ($6.7m) | ($1.6m) | ($7.2m) | $5.5m | ($17.8m) | $9.1m | ($7.9m) | $1.2m | |
| Increase (Decrease) in Inventories | $6.2m | $8.4m | ($3.6m) | ($3.9m) | $1.1m | $12.4m | $33.9m | $13.8m | $8.3m | $1.4m | ($12.0m) | |
| Inventory Write-down | — | — | — | — | — | — | $6.0m | $10.6m | $4.6m | $9.6m | — | |
| Inventory provision | — | — | — | — | $527k | $678k | $6.0m | $10.6m | $4.6m | $9.6m | — | |
| Inventory, net | ($6.2m) | ($8.4m) | $3.6m | $3.9m | ($1.1m) | ($12.4m) | ($33.9m) | ($13.8m) | ($8.3m) | ($1.4m) | ($12.0m) | |
| Increase (Decrease) in Accounts Payable | $3.4m | $764k | ($2.2m) | $1.7m | ($5.1m) | $6.4m | $1.0m | $206k | $1.4m | $2.5m | $4.1m | |
| Accrued expenses | $1.1m | ($4.0m) | $205k | $419k | $4.1m | $15.3m | ($3.7m) | $13.1m | ($26.3m) | $3.2m | $3.8m | |
| Deferred revenue | — | ($1.0m) | $33k | $2.1m | $729k | $25.7m | ($3.7m) | ($10.4m) | ($2.1m) | $101k | — | |
| Prepaid expenses and other assets | ($202k) | $7.8m | ($290k) | ($523k) | ($1.1m) | ($1.0m) | ($12.3m) | ($9.0m) | $2.2m | $8.5m | — | |
| Other liabilities | $1.7m | $880k | ($505k) | ($563k) | $5.0m | ($803k) | $887k | $2.4m | ($4.6m) | ($1.2m) | — | |
| Net Cash Provided by (Used in) Operating Activities | ($67.9m) |
($67.5m)
+0.61%
|
($66.4m)
+1.61%
|
($78.3m)
-17.89%
|
$19.5m
+124.90%
|
($111.2m)
-670.07%
|
($263.2m)
-136.74%
|
($259.2m)
+1.53%
|
($206.1m)
+20.49%
|
($111.2m)
+46.03%
|
($118.0m)
-6.15%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $8.2m | $10.4m | $1.9m | $2.8m | $1.0m | $5.9m | $16.8m | $8.8m | $6.2m | $2.7m | ($12.4m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $1.3m | $1.9m | $1.9m | ($194k) | ($919k) | ($54k) | ($278k) | ($7.0m) | ($2.6m) | ($1.6m) | — | |
| Cash, Cash Equivalents, and Short-term Investments | — | $62.9m | — | — | — | — | — | — | — | — | — | |
| Payments to Acquire Investments | $95.8m | $86.3m | $122.2m | $57.7m | $373.3m | $988.0m | $442.8m | $756.6m | $498.6m | $216.9m | ($156.5m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $65.9m | $88.1m | $83.2m | $121.1m | $153.6m | $422.5m | $575.8m | $769.5m | $594.0m | $340.1m | — | |
| Purchase of investments | ($95.8m) | ($86.3m) | ($122.2m) | ($57.7m) | ($373.3m) | ($988.0m) | ($442.8m) | ($756.6m) | ($498.6m) | ($216.9m) | ($156.5m) | |
| Sales of investments | $23.3m | $7.1m | $2.4m | $1.5m | $1.4m | $212.7m | $0 | $595k | $34.9m | $0 | — | |
| Maturities of investments | $65.9m | $88.1m | $83.2m | $121.1m | $153.6m | $422.5m | $575.8m | $769.5m | $594.0m | $340.1m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | $0 | $0 | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($14.9m) | ($1.5m) | ($38.4m) | $62.0m | ($219.3m) | ($678.5m) | $116.1m | $4.6m | $124.0m | $115.4m | $120.9m | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | $0 | $0 | ($2.0m) | $0 | $0 | — | |
| Loss on extinguishment of debt | — | — | — | — | — | $0 | $0 | $2.0m | $0 | $0 | — | |
| Gain on debt restructuring | — | — | — | — | — | — | $0 | $0 | ($154.4m) | $0 | — | |
| Payment of debt issuance costs | — | — | — | — | — | $0 | $0 | ($7.4m) | $0 | $0 | — | |
| Proceeds from Issuance of Common Stock | $7.7m | $8.9m | $9.7m | $8.5m | $46.4m | $31.8m | $11.2m | $15.3m | $0 | $0 | $0 | |
| Proceeds from issuance of common stock from equity plans | — | — | — | — | — | — | $11.2m | $15.3m | $7.7m | $3.4m | $0 | |
| Issuance of common stock | — | — | — | — | — | $0 | $0 | $86.9m | $36.2m | $0 | $0 | |
| Proceeds from (Payments for) Other Financing Activities | ($147k) | $47k | — | — | — | ($245k) | $0 | $0 | ($628k) | $1.7m | — | |
| Net Cash Provided by (Used in) Financing Activities | $65.9m |
$68.8m
+4.37%
|
$107.2m
+55.77%
|
$26.5m
-75.23%
|
$251.8m
+848.62%
|
$1.2b
+364.42%
|
$9.6m
-99.18%
|
$108.9m
+1031.69%
|
($43.0m)
-139.48%
|
$3.4m
+107.97%
|
$3.2m
-7.79%
|
|
| Net increase (decrease) in cash, cash equivalents, and restricted cash | — | — | — | — | $52.0m | $379.9m | ($137.5m) | ($145.7m) | ($125.0m) | $7.7m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $52.0m | $379.9m | ($137.5m) | ($145.7m) | ($125.0m) | $7.7m | $62.6m | |
| Cash, cash equivalents, and restricted cash at beginning of period | $21.3m | $21.0m | $23.3m | $33.6m | $85.9m | $465.8m | $328.3m | $182.6m | $57.6m | $65.3m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $23.3m | $33.6m | $85.9m | $465.8m | $328.3m | $182.6m | $57.6m | $65.3m | $62.6m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.8m | $1.7m | $1.4m | $1.4m | $491k | $6.9m | $14.0m | $15.7m | $14.8m | $8.3m | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $481k | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Sale of Derivatives | — | ($653k) | $167k | $16k | — | — | — | — | — | — | — | |
| Goodwill | — | — | — | — | — | $410.0m | $410.0m | $462.3m | $317.8m | $317.8m | $0 | |
| Income Tax Expense (Benefit) | — | — | — | — | — | ($93.6m) | — | ($11.4m) | $316k | $318k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $13.4m | $7.0m | — | |
| Noncash Merger Related Costs | — | — | — | — | — | — | — | $3.4m | $0 | $0 | — | |
| Operating Expenses | $115.4m | $124.4m | $126.1m | $135.1m | $137.0m | $269.3m | $356.2m | $387.2m | $511.6m | $599.6m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $78.6m | $90.9m | $78.9m | $130.5m | $128.3m | $200.5m | $154.0m | $160.0m | — | |
| Merger-related compensation expense | — | — | — | — | — | $0 | $0 | $3.4m | $0 | $0 | — | |
| Change in fair value of contingent consideration | — | — | — | — | — | $1.1m | $2.4m | $15.1m | ($850k) | ($18.7m) | — | |
| Operating lease liabilities | — | — | — | ($3.4m) | ($3.8m) | ($5.0m) | ($7.7m) | ($8.8m) | ($11.9m) | $723k | — | |
| Contingent consideration liability | — | — | — | — | — | $0 | $0 | ($14.9m) | $0 | $0 | — | |
| Purchase of intangible assets | — | — | — | — | — | $0 | ($179k) | $0 | $0 | ($5.0m) | — | |
| Cash paid for purchases of acquired entities, net of cash acquired | — | — | — | — | — | ($319.8m) | $0 | ($102k) | $0 | $0 | — | |
| Payment of contingent consideration | — | — | — | — | — | $0 | $0 | ($86.4m) | $0 | $0 | — | |
| Payments made in conjunction with convertible notes exchange | — | — | — | — | — | — | $0 | $0 | $50.2m | $0 | — | |
| Notes payable principal payoff | — | ($4.5m) | — | — | ($16.0m) | ($361k) | ($1.6m) | ($1.8m) | ($490k) | $0 | — | |
| Cash and cash equivalents at end of period | $16.8m | $16.5m | $18.8m | $29.6m | $81.6m | $460.7m | $325.1m | $179.9m | $55.4m | $63.7m | — | |
| Restricted cash at end of period | $4.5m | $4.5m | $4.5m | $4.0m | $4.3m | $5.1m | $3.2m | $2.7m | $2.2m | $1.6m | — | |
| Right-of-use asset and liability additions and modifications | — | — | — | — | — | $2.6m | $0 | $0 | $18.3m | $29.6m | — | |
| Convertible notes exchange | — | — | — | — | — | $0 | $0 | $441.0m | $0 | $0 | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.