Precigen, Inc. (PGEN) · 10+ Years of Financial statements

Income Statement	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	8	14	24	72	174	191	219	151	32	103	14	27	6
+ Sales & Services Revenue	8	14	24	72	174	191	219	151	32	103	14	27	6
- Cost of Revenue	- -	- -	- -	19	64	62	62	63	5	56	6	6	6
+ Cost of Goods & Services	- -	- -	- -	19	64	62	62	63	5	56	6	6	6
Gross Profit	8	14	24	53	110	129	158	89	27	48	9	21	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	90	89	82	123	257	254	240	458	112	133	100	95	89
+ Selling, General & Admin	18	25	34	64	109	142	131	125	73	92	52	48	40
+ Research & Development	70	64	48	59	147	112	109	333	39	42	48	47	49
+ Other Operating Expense	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-82	-75	-58	-70	-147	-125	-82	-370	-86	-86	-91	-75	-89
- Non-Operating (Income) Loss	3	7	-17	16	-60	69	-4	26	19	18	20	5	7
+ Interest Expense, Net	- -	- -	- -	- -	-1	-9	-19	-11	17	16	19	7	-3
+ Interest Expense	- -	- -	- -	1	1	1	1	8	18	18	19	7	- -
- Interest Income	- -	- -	- -	1	2	10	19	19	1	2	- -	- -	3
+ Other Non-Op (Income) Loss	3	7	-17	16	-59	78	15	37	2	2	1	-1	10
Pretax Income	-85	-82	-41	-86	-87	-194	-78	-396	-105	-104	-111	-80	-96
- Income Tax Expense (Benefit)	- -	- -	- -	- -	1	-4	2	-15	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-85	-82	-41	-86	-88	-190	-80	-380	-104	-104	-111	-80	-96
- Net Extraordinary Losses (Gains)	- -	- -	-4	-8	-7	-7	27	123	64	67	-19	-108	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	-46	-134	-66	-67	19	108	- -
+ Extraord. & Accounting Changes	- -	- -	-4	-8	-7	-7	73	258	131	133	-37	-216	- -
Income (Loss) Incl. MI	-85	-82	-37	-78	-81	-183	-107	-504	-169	-171	-92	28	-96
- Minority Interest	- -	- -	2	4	4	4	10	5	2	- -	- -	- -	- -
Net Income, GAAP	-85	-82	-39	-82	-84	-187	-117	-509	-171	-171	-92	28	-96
- Preferred Dividends	14	22	18	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-99	-104	-57	-82	-84	-187	-117	-509	-171	-171	-92	28	-96
Basic Weighted Avg Shares	6	6	41	99	111	118	120	130	167	167	198	200	245
Basic EPS, GAAP	-17.5	-18.77	-1.4	-0.83	-0.76	-1.58	-0.98	-3.93	-1.02	-1.02	-0.47	0.14	-0.39
Basic EPS from Cont Ops	-15.05	-14.79	-1	-0.86	-0.79	-1.61	-0.67	-2.94	-0.63	-0.62	-0.56	-0.4	-0.39
Diluted Weighted Avg Shares	6	6	41	99	111	118	120	130	167	167	198	200	245
Diluted EPS, GAAP	-17.5	-18.77	-1.4	-0.83	-0.76	-1.58	-0.98	-3.93	-1.02	-1.02	-0.47	0.14	-0.39
Diluted EPS from Cont Ops	-15.05	-14.79	-1	-0.86	-0.79	-1.61	-0.67	-2.94	-0.63	-0.62	-0.56	-0.4	-0.39
EBITDA	-78	-67	-51	-60	-129	-101	-51	-337	-68	-68	-78	-64	-82
EBITDA Margin (%)	-974.53	-487.68	-213.88	-82.78	-74.38	-52.69	-23.21	-222.62	-212.52	-66.07	-544.22	-237.25	-1,321.37
EBITA	-82	-75	-58	-70	-147	-125	-82	-370	-86	-86	-91	-75	-89
EBIT	-82	-75	-58	-70	-147	-125	-82	-370	-86	-86	-91	-75	-89
Gross Margin (%)	100	100	99.91	73.22	63.18	67.72	71.89	58.54	83.2	46.2	59.73	76.44	1.7
Operating Margin (%)	-1,028.67	-545.64	-244.2	-97.26	-84.6	-65.56	-37.4	-244.52	-267.27	-83.04	-640.67	-277.25	-1,428.48
Profit Margin (%)	-1,064.27	-594.41	-164.06	-113.75	-48.67	-97.74	-53.32	-336.91	-533.01	-165.27	-646.01	105.23	-1,540.63
Sales per Employee	- -	68,527	114,231	128,907	236,519	204,199	218,154	154,421	47,047	364,587	44,584	128,751	30,817
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	4	8	7	10	18	25	31	33	18	18	14	11	7

Balance Sheet	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	23	14	188	175	324	315	154	285	235	149	157	118	69
+ Cash, Cash Equivalents & STI	20	11	177	116	238	237	80	217	75	100	109	56	63
+ Cash & Cash Equivalents	20	10	50	27	136	63	68	97	66	52	36	5	8
+ ST Investments	- -	- -	128	88	103	175	12	120	9	48	72	51	55
+ Accounts & Notes Receiv	1	1	7	29	52	42	40	27	26	20	2	14	2
+ Accounts Receivable, Net	- -	- -	1	15	25	22	20	21	21	16	1	1	1
+ Notes Receivable, Net	- -	- -	- -	2	1	2	- -	- -	3	4	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	1	1	7	13	27	19	20	5	3	- -	1	13	1
+ Inventories	- -	- -	- -	26	27	21	20	21	16	11	- -	- -	- -
+ Raw Materials	- -	- -	- -	1	1	2	3	4	2	2	- -	- -	- -
+ Work In Process	- -	- -	- -	6	6	5	5	4	4	2	3	- -	- -
+ Finished Goods	- -	- -	- -	19	19	14	13	12	10	7	8	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-10	- -	- -
+ Other ST Assets	2	2	3	4	7	14	14	21	117	17	46	48	4
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	92	138	282	401	658	634	693	431	221	166	203	98	82
+ Property, Plant & Equip, Net	18	19	17	38	43	58	102	82	51	43	19	15	14
+ Property, Plant & Equip	27	32	34	60	69	92	148	131	87	78	40	39	38
- Accumulated Depreciation	9	13	17	22	26	34	46	49	36	35	21	23	24
+ LT Investments & Receivables	39	89	208	195	199	183	190	3	1	- -	49	- -	- -
+ LT Investments	39	89	208	195	199	183	190	3	1	- -	49	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	34	31	57	168	416	393	401	346	169	122	136	83	68
+ Total Intangible Assets	33	30	56	167	413	383	386	183	122	120	90	81	67
+ Goodwill	- -	- -	14	101	165	157	153	94	54	54	38	37	27
+ Other Intangible Assets	33	30	42	66	248	226	233	89	68	65	52	44	41
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	2	1	1	1	4	10	15	163	47	2	46	1	1
Total Assets	115	152	469	576	982	949	847	716	456	315	360	216	151
+ Payables & Accruals	15	3	7	12	13	25	30	31	17	14	11	28	13
+ Accounts Payable	3	1	1	6	5	8	9	12	6	5	3	4	2
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	12	2	6	6	8	16	21	19	12	10	8	24	11
+ ST Debt	- -	- -	- -	4	1	1	1	1	36	3	1	44	1
+ ST Borrowings	- -	- -	- -	4	1	1	1	1	34	- -	- -	43	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	3	3	1	1	1
+ Other ST Liabilities	3	14	13	31	61	69	49	29	69	25	22	6	9
+ Deferred Revenue	1	10	8	17	35	53	43	11	6	3	1	- -	1
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	1	4	5	15	26	15	6	18	64	22	21	6	8
Total Current Liabilities	18	17	20	47	76	95	80	62	123	42	35	79	23
+ LT Debt	- -	- -	2	9	8	8	8	211	196	179	189	7	6
+ LT Borrowings	- -	- -	2	9	8	8	8	211	186	172	180	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	10	8	9	7	6
+ Other LT Liabilities	318	456	67	111	194	278	213	65	65	26	29	4	4
+ Accrued Liabilities	16	49	66	110	193	274	209	51	51	26	26	4	4
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	303	408	1	1	1	4	3	14	14	- -	4	- -	- -
Total Noncurrent Liabilities	318	456	68	120	201	285	220	276	261	205	218	11	10
Total Liabilities	336	473	88	167	277	380	300	337	384	247	253	90	33
+ Preferred Equity and Hybrid Capital	302	407	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	743	843	1,250	1,326	1,397	1,722	1,752	1,887	2,023	1,998	2,085
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	743	843	1,250	1,326	1,397	1,722	1,752	1,887	2,023	1,998	2,085
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-221	-322	-376	-458	-543	-729	-848	-1,331	-1,653	-1,823	-1,916	-1,869	-1,964
+ Other Equity	- -	- -	- -	- -	-13	-36	-16	-29	-27	4	- -	-3	-2
Equity Before Minority Interest	-221	-322	367	385	694	560	534	363	72	67	107	126	118
+ Minority/Non Controlling Interest	- -	- -	15	25	11	9	13	16	- -	- -	- -	- -	- -
Total Equity	-221	-322	381	409	705	569	547	379	72	67	107	126	118
Total Liabilities & Equity	115	152	469	576	982	949	847	716	456	315	360	216	151
Shares Outstanding	6	6	97	101	117	119	122	160	163	188	207	208	249
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	13	10	10	8	7
Net Debt	-20	-10	-48	-15	-127	-54	-60	115	154	120	144	38	-8
Net Debt to Equity	8.87	3.24	-12.55	-3.62	-17.97	-9.46	-10.95	30.44	214.92	178.77	133.69	30.38	-6.4
Tangible Common Equity Ratio	-674.98	-620.37	78.7	59.2	51.32	32.93	34.81	36.76	-15.23	-26.99	6.48	33.34	61.13
Current Ratio	1.31	0.81	9.46	3.68	4.27	3.33	1.92	4.64	1.91	3.54	4.52	1.5	2.99
Cash Conversion Cycle	- -	- -	-14,003.87	253.7	159.48	142.26	106.24	108.9	-2,080.67	119.55	865.33	-174.62	-117.63
Number of Employees	- -	201	208	558	734	935	1,006	979	680	283	320	209	202

Cash Flow Statement	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	-85	-82	-41	-86	-88	-190	-127	-515	-171	-171	-92	28	-96
+ Depreciation & Amortization	4	8	7	10	18	25	31	33	18	18	14	11	7
+ Non-Cash Items	4	6	-12	43	47	127	66	377	97	97	23	-68	5
+ Stock-Based Compensation	1	2	3	22	100	53	53	36	18	18	14	10	10
+ Deferred Income Taxes	- -	- -	- -	- -	1	-3	-3	-21	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	17	61	23	23	1	1	11
+ Other Non-Cash Adj	3	5	-15	21	-54	78	-1	302	55	55	9	-80	-15
+ Chg in Non-Cash Work Cap	-5	6	-8	12	59	-11	-74	-20	-21	-21	-1	-36	17
+ (Inc) Dec in Accts Receiv	-1	1	-6	-2	-18	10	2	8	4	4	-7	-14	12
+ (Inc) Dec in Inventories	- -	- -	- -	-7	-1	4	1	- -	3	3	-2	2	- -
+ (Inc) Dec in Prepaid Assets	-1	- -	- -	- -	-3	-1	- -	1	-1	-1	-1	3	1
+ Inc (Dec) in Accts Payable	1	-2	2	- -	-2	13	-1	5	-4	-4	2	-1	-2
+ Inc (Dec) in Other	-4	8	-3	22	82	-36	-77	-33	-23	-23	7	-26	6
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-82	-62	-54	-20	36	-49	-104	-124	-77	-77	-56	-65	-67
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	1	- -	2	2	1	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	1	- -	2	2	1	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-13	-7	-2	-6	-13	-32	-47	-42	-8	-8	-7	-5	-2
+ Acq of Fixed Prod Assets	-13	-7	-2	-6	-13	-32	-47	-42	-8	-8	-7	-5	-2
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-23	-10	-218	52	-111	25	174	-112	-38	-38	-74	68	-2
+ Dec in LT Investment	- -	- -	45	132	88	102	175	66	133	133	100	68	183
+ Inc in LT Investment	-23	-10	-263	-80	-199	-78	-1	-179	-171	-171	-174	- -	-185
+ Net Cash From Acq & Div	-29	-6	-4	-70	-137	-19	-23	-15	-11	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	1	- -	- -	- -	- -	3	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-29	-6	-5	-70	-137	-19	-23	-18	-11	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	-2	1	-3	-1	16	84	74	7	163	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	64	64	- -	162	- -
Cash from Investing Activities	-64	-24	-224	-26	-259	-28	104	-151	28	28	-75	226	-3
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	15	- -	- -	-2	-3	- -	-1	219	-2	-2	- -	-155	-43
+ Cash From Debt	15	- -	- -	5	15	6	6	224	10	10	- -	- -	- -
+ Repayments of Debt	- -	- -	- -	-7	-19	-6	-7	-5	-12	-12	- -	-155	-43
+ Cash (Repurchase) of Equity	7	- -	169	25	328	- -	14	88	35	35	121	- -	73
+ Increase in Capital Stock	7	- -	169	25	328	- -	14	88	35	35	121	- -	73
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	126	76	147	1	7	12	-9	2	- -	- -	1	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	148	76	316	24	332	12	4	310	33	33	121	-155	30
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	-1	1	- -	- -	- -	- -	-1	- -
Net Changes in Cash	2	-9	39	-22	108	-65	5	34	-17	-17	-9	6	-40
EBITDA	-78	-67	-51	-60	-129	-101	-51	-337	-68	-68	-78	-64	-82
EBITDA Margin (%)	-974.53	-487.68	-213.88	-82.78	-74.38	-52.69	-23.21	-222.62	-212.52	-66.07	-544.22	-237.25	-1,321.37
Net Cash Paid for Acquisitions	29	6	4	70	137	19	23	15	11	- -	- -	- -	- -
Free Cash Flow	-95	-69	-55	-26	23	-81	-150	-166	-85	-85	-63	-70	-68
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	14	-479	-28	20	-81	-150	56	-86	-87	-63	-225	-112
Free Cash Flow per Basic Share	-16.73	-12.47	-1.35	-0.26	0.21	-0.68	-1.25	-1.28	-0.51	-0.51	-0.32	-0.35	-0.28
Price/Free Cash Flow	- -	- -	-17.56	-195.15	71.43	-168.15	-23.83	-10.66	-13.2	-23.85	-15.65	-4.53	-5.24
Cash Flow to Net Income	0.96	0.75	1.38	0.24	-0.42	0.26	0.89	0.24	0.45	0.45	0.61	-2.3	0.7

Precigen, Inc.

PGEN US

1.65