Exact Sciences (EXAS) Financial Statements
Price: $42.55
Market Cap: $7.90B
Avg Volume: 2.30M
Market Cap: $7.90B
Avg Volume: 2.30M
Country: US
Industry: Medical - Diagnostics & Research
Sector: Healthcare
Industry: Medical - Diagnostics & Research
Sector: Healthcare
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Exact Sciences.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.76B | $2.50B | $2.08B | $1.77B | $1.49B | $876.29M | $454.46M | $265.99M | $99.38M | $39.44M |
| Cost of Revenue | $840.15M | $654.25M | $574.39M | $458.76M | $354.32M | $216.72M | $117.98M | $79.20M | $45.20M | $24.50M |
| Gross Profit | $1.92B | $1.85B | $1.51B | $1.31B | $1.14B | $659.58M | $336.48M | $186.79M | $54.18M | $14.94M |
| Gross Profit Ratio | 69.55% | 73.83% | 72.44% | 74.04% | 76.24% | 75.27% | 74.04% | 70.23% | 54.52% | 37.87% |
| Research and Development Expenses | $431.21M | $425.88M | $393.42M | $385.65M | $554.05M | $139.69M | $68.21M | $42.14M | $33.47M | $33.91M |
| General and Administrative Expenses | $781.83M | $1.42B | $737.30M | $801.26M | $481.72M | $352.45M | $178.29M | $109.04M | $76.90M | $57.95M |
| Selling and Marketing Expenses | $894.12M | $203.90M | $846.01M | $861.89M | $589.92M | $385.18M | $249.45M | $153.92M | $112.83M | $82.14M |
| Selling General and Administrative Expenses | $1.68B | $1.62B | $1.58B | $1.66B | $1.07B | $737.63M | $427.74M | $262.96M | $189.72M | $140.09M |
| Other Expenses | $868.06M | $-3.69M | $110.69M | $95.00M | $69.73M | $16.04M | $- | $107.60M | $- | $4.10M |
| Operating Expenses | $2.97B | $2.06B | $2.09B | $2.14B | $1.70B | $893.36M | $495.95M | $305.10M | $223.20M | $174.00M |
| Cost and Expenses | $3.81B | $2.71B | $2.66B | $2.60B | $2.05B | $1.11B | $613.93M | $384.30M | $268.39M | $198.50M |
| Interest Income | $-5.30M | $-5.35M | $19.63M | $1.79M | $6.57M | $23.77M | $- | $- | $- | $- |
| Interest Expense | $31.97M | $24.42M | $19.63M | $18.61M | $95.98M | $61.60M | $36.79M | $206.00K | $213.00K | $6.00K |
| Depreciation and Amortization | $214.86M | $206.61M | $226.20M | $206.17M | $179.08M | $55.67M | $23.08M | $15.55M | $11.51M | $7.75M |
| EBITDA | $-789.33M | $41.88M | $-386.74M | $-617.73M | $-632.86M | $-217.75M | $-115.18M | $-98.82M | $-155.49M | $-150.05M |
| EBITDA Ratio | -28.61% | 1.68% | -18.56% | -34.96% | -42.43% | -24.85% | -25.35% | -37.15% | -156.47% | -380.47% |
| Operating Income | $-1.05B | $-215.01M | $-577.54M | $-835.47M | $-558.35M | $-233.78M | $-159.47M | $-118.31M | $-169.02M | $-159.07M |
| Operating Income Ratio | -38.01% | -8.60% | -27.71% | -47.28% | -37.44% | -26.68% | -35.09% | -44.48% | -170.08% | -403.35% |
| Total Other Income Expenses Net | $27.15M | $13.27M | $-39.06M | $13.17M | $-61.37M | $-35.07M | $-15.59M | $3.73M | $1.80M | $1.26M |
| Income Before Tax | $-1.02B | $-201.75M | $-632.57M | $-842.51M | $-857.11M | $-268.85M | $-175.06M | $-114.58M | $-167.21M | $-157.80M |
| Income Before Tax Ratio | -37.03% | -8.07% | -30.35% | -47.68% | -57.47% | -30.68% | -38.52% | -43.08% | -168.26% | -400.14% |
| Income Tax Expense | $7.30M | $2.40M | $-9.06M | $-246.88M | $-8.57M | $-184.86M | $92.00K | $-187.00K | $-11.30M | $-7.74M |
| Net Income | $-1.03B | $-204.15M | $-623.51M | $-595.62M | $-848.53M | $-83.99M | $-175.15M | $-114.40M | $-167.21M | $-157.80M |
| Net Income Ratio | -37.29% | -8.17% | -29.91% | -33.71% | -56.90% | -9.59% | -38.54% | -43.01% | -168.26% | -400.14% |
| EPS | $-5.59 | $-1.13 | $-3.54 | $-3.48 | $-5.61 | $-0.64 | $-1.43 | $-0.99 | $-1.63 | $-1.71 |
| EPS Diluted | $-5.59 | $-1.13 | $-3.54 | $-3.48 | $-5.61 | $-0.64 | $-1.43 | $-0.99 | $-1.63 | $-1.71 |
| Weighted Average Shares Outstanding | 184.20M | 180.14M | 176.35M | 171.35M | 151.14M | 131.26M | 122.21M | 115.68M | 102.33M | 92.14M |
| Weighted Average Shares Outstanding Diluted | 184.20M | 180.14M | 176.35M | 171.35M | 151.14M | 131.26M | 122.21M | 115.68M | 102.33M | 92.14M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $600.89M | $605.38M | $242.49M | $315.47M | $1.49B | $177.25M | $160.43M | $77.49M | $48.92M | $41.13M |
| Short Term Investments | $437.14M | $172.27M | $389.56M | $715.00M | $348.70M | $146.40M | $963.75M | $347.22M | $262.18M | $265.74M |
| Cash and Short Term Investments | $1.04B | $777.64M | $632.06M | $1.03B | $1.84B | $323.65M | $1.12B | $424.71M | $311.10M | $306.88M |
| Net Receivables | $248.97M | $203.62M | $158.04M | $216.65M | $233.19M | $130.36M | $45.33M | $26.42M | $8.53M | $4.93M |
| Inventory | $162.38M | $127.47M | $118.26M | $104.99M | $92.27M | $61.72M | $39.15M | $26.03M | $6.83M | $6.68M |
| Other Current Assets | $122.05M | $85.63M | $73.90M | $74.12M | $66.31M | $41.22M | $19.41M | $10.05M | $7.11M | $7.38M |
| Total Current Assets | $1.57B | $1.19B | $982.26M | $1.43B | $2.20B | $556.96M | $1.23B | $487.22M | $333.57M | $326.13M |
| Property Plant Equipment Net | $810.62M | $842.06M | $851.76M | $754.47M | $576.63M | $581.77M | $245.26M | $79.99M | $38.14M | $34.10M |
| Goodwill | $2.37B | $2.37B | $2.35B | $2.34B | $1.24B | $1.20B | $17.28M | $2.00M | $- | $- |
| Intangible Assets | $1.01B | $1.89B | $1.96B | $2.09B | $848.43M | $1.14B | $46.28M | $22.16M | $1.55M | $- |
| Goodwill and Intangible Assets | $3.38B | $4.26B | $4.30B | $4.43B | $2.09B | $2.35B | $46.28M | $22.16M | $1.55M | $- |
| Long Term Investments | $- | $- | $47.50M | $33.40M | $29.41M | $1.50M | $3.10M | $3.00M | $- | $- |
| Tax Assets | $- | $- | $468.55M | $492.51M | $227.43M | $-1.50M | $-3.10M | $-3.00M | $- | $- |
| Other Non-Current Assets | $169.72M | $177.39M | $-425.47M | $-451.32M | $-193.06M | $20.29M | $4.42M | $9.20M | $3.77M | $4.07M |
| Total Non-Current Assets | $4.36B | $5.28B | $5.24B | $5.26B | $2.73B | $2.95B | $295.95M | $111.34M | $43.47M | $38.17M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $5.93B | $6.47B | $6.23B | $6.68B | $4.93B | $3.51B | $1.52B | $598.56M | $377.04M | $364.30M |
| Account Payables | $89.57M | $78.82M | $74.92M | $67.83M | $35.71M | $25.97M | $28.14M | $16.14M | $710.00K | $3.31M |
| Short Term Debt | $276.56M | $79.38M | $31.57M | $25.91M | $330.22M | $16.62M | $8.00K | $182.00K | $174.00K | $166.00K |
| Tax Payables | $- | $- | $- | $- | $- | $2.20M | $2.40M | $527.00K | $127.00K | $309.00K |
| Deferred Revenue | $- | $- | $3.10M | $398.56M | $233.60M | $193.33M | $105.24M | $49.13M | $28.11M | $22.25M |
| Other Current Liabilities | $366.06M | $356.51M | $306.26M | $423.33M | $267.17M | $191.71M | $106.04M | $51.28M | $29.68M | $22.94M |
| Total Current Liabilities | $732.19M | $514.70M | $412.75M | $517.07M | $575.84M | $236.49M | $136.59M | $68.12M | $30.69M | $26.72M |
| Long Term Debt | $2.48B | $2.48B | $2.42B | $2.36B | $2.02B | $946.30M | $696.00M | $4.27M | $5.32M | $4.79M |
| Deferred Revenue Non-Current | $- | $- | $-488.26M | $-521.30M | $-236.73M | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $488.26M | $521.30M | $236.73M | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $315.50M | $335.98M | $352.46M | $417.78M | $37.34M | $34.91M | $10.49M | $5.75M | $5.73M | $5.66M |
| Total Non-Current Liabilities | $2.79B | $2.81B | $2.77B | $2.78B | $1.53B | $981.21M | $706.49M | $10.02M | $11.05M | $10.72M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $3.53B | $3.33B | $3.18B | $3.30B | $2.10B | $1.22B | $843.08M | $78.14M | $41.74M | $37.44M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.86M | $1.81M | $1.78M | $1.74M | $1.59M | $1.48M | $1.23M | $1.21M | $1.10M | $968.00K |
| Retained Earnings | $-4.50B | $-3.47B | $-3.27B | $-2.64B | $-1.97B | $-1.12B | $-1.04B | $-860.61M | $-745.82M | $-578.61M |
| Accumulated Other Comprehensive Income Loss | $-944.00K | $1.43M | $-5.24M | $-1.44M | $526.00K | $-100.00K | $-1.42M | $-750.00K | $-418.00K | $-433.00K |
| Other Total Stockholders Equity | $6.90B | $6.61B | $6.31B | $6.03B | $4.28B | $3.41B | $1.72B | $1.38B | $1.08B | $904.93M |
| Total Stockholders Equity | $2.40B | $3.15B | $3.04B | $3.39B | $2.82B | $2.29B | $680.94M | $520.42M | $335.30M | $326.86M |
| Total Equity | $2.40B | $3.15B | $3.04B | $3.39B | $2.82B | $2.29B | $680.94M | $520.42M | $335.30M | $326.86M |
| Total Liabilities and Stockholders Equity | $5.93B | $6.47B | $6.23B | $6.68B | $4.93B | $3.51B | $1.52B | $598.56M | $377.04M | $364.30M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $5.93B | $6.47B | $6.23B | $6.68B | $4.93B | $3.51B | $1.52B | $598.56M | $377.04M | $364.30M |
| Total Investments | $437.14M | $172.27M | $389.56M | $715.00M | $348.70M | $146.40M | $963.75M | $347.22M | $262.18M | $265.74M |
| Total Debt | $2.75B | $2.55B | $2.45B | $2.36B | $1.46B | $946.30M | $688.82M | $4.27M | $4.63M | $4.85M |
| Net Debt | $2.15B | $1.95B | $2.20B | $2.05B | $-27.11M | $769.05M | $528.39M | $-73.22M | $-44.29M | $-36.28M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-1.03B | $-204.15M | $-623.51M | $-595.62M | $-848.53M | $-83.99M | $-175.15M | $-114.40M | $-167.21M | $-157.80M |
| Depreciation and Amortization | $214.86M | $206.61M | $197.56M | $180.35M | $163.36M | $50.25M | $23.08M | $15.55M | $11.51M | $7.75M |
| Deferred Income Tax | $-10.12M | $-955.00K | $-11.90M | $-253.17M | $-9.86M | $-185.11M | $-2.78M | $-115.00K | $800.00K | $363.00K |
| Stock Based Compensation | $214.88M | $231.31M | $206.82M | $339.23M | $152.91M | $108.48M | $60.26M | $35.51M | $23.73M | $18.05M |
| Change in Working Capital | $- | $-342.00K | $-26.38M | $111.11M | $-42.73M | $-53.56M | $-911.00K | $-7.68M | $1.45M | $-1.85M |
| Accounts Receivables | $-46.26M | $-43.42M | $61.09M | $25.15M | $-100.53M | $-27.94M | $-17.29M | $-17.53M | $-3.59M | $-3.56M |
| Inventory | $-34.91M | $-7.69M | $-13.23M | $-9.22M | $-30.31M | $-19.04M | $-12.73M | $-19.19M | $-156.00K | $-2.66M |
| Accounts Payables | $43.54M | $82.75M | $-52.18M | $153.12M | $46.38M | $-645.00K | $11.33M | $15.38M | $-2.60M | $661.00K |
| Other Working Capital | $- | $-31.99M | $-22.05M | $-57.94M | $41.73M | $-5.93M | $17.78M | $13.66M | $7.80M | $3.71M |
| Other Non Cash Items | $819.77M | $-76.36M | $33.84M | $202.04M | $721.34M | $48.92M | $26.17M | $-601.00K | $-347.00K | $-529.00K |
| Net Cash Provided by Operating Activities | $210.54M | $156.12M | $-223.56M | $-102.24M | $136.48M | $-115.01M | $-69.33M | $-71.72M | $-130.07M | $-134.02M |
| Investments in Property Plant and Equipment | $-135.99M | $-124.19M | $-214.46M | $-135.77M | $-64.35M | $-171.80M | $-150.67M | $-69.24M | $-14.85M | $-21.98M |
| Acquisitions Net | $-45.00M | $-68.98M | $-57.51M | $-517.77M | $-22.61M | $-973.86M | $-17.91M | $-5.98M | $230.00K | $1.90M |
| Purchases of Investments | $-466.76M | $-156.42M | $-131.49M | $-1.16B | $-1.09B | $-634.12M | $-1.19B | $-357.05M | $-189.99M | $-205.05M |
| Sales Maturities of Investments | $205.82M | $382.95M | $453.07M | $794.32M | $886.67M | $1.66B | $579.17M | $271.47M | $193.32M | $162.28M |
| Other Investing Activities | $-225.00K | $16.31M | $24.45M | $-58.82M | $-411.80M | $-1.85M | $-614.30M | $-109.34M | $-230.00K | $-1.90M |
| Net Cash Used for Investing Activities | $-442.15M | $49.68M | $74.07M | $-1.08B | $-702.04M | $-121.07M | $-781.91M | $-160.81M | $-11.52M | $-64.75M |
| Debt Repayment | $216.75M | $137.98M | $50.00M | $-23.75M | $974.24M | $236.12M | $920.67M | $-376.00K | $-166.00K | $4.66M |
| Common Stock Issued | $- | $31.54M | $6.52M | $37.51M | $861.70M | $17.18M | $4.30M | $253.39M | $144.24M | $174.14M |
| Common Stock Repurchased | $31.23M | $28.34M | $25.49M | $23.07M | $- | $8.40M | $4.89M | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $15.12M | $21.79M | $26.48M | $32.22M | $43.68M | $17.06M | $13.48M | $7.94M | $5.51M | $2.97M |
| Net Cash Used Provided by Financing Activities | $231.87M | $159.77M | $76.48M | $8.47M | $1.88B | $253.18M | $934.14M | $260.96M | $149.59M | $181.76M |
| Effect of Forex Changes on Cash | $-3.29M | $1.32M | $30.00K | $23.00K | $- | $- | $36.00K | $143.00K | $-215.00K | $11.00K |
| Net Change in Cash | $-3.04M | $366.88M | $-72.98M | $-1.18B | $1.31B | $17.10M | $82.94M | $28.57M | $7.79M | $-17.00M |
| Cash at End of Period | $606.64M | $609.67M | $242.79M | $315.77M | $1.49B | $177.53M | $160.43M | $77.49M | $48.92M | $41.13M |
| Cash at Beginning of Period | $609.67M | $242.79M | $315.77M | $1.49B | $177.53M | $160.43M | $77.49M | $48.92M | $41.13M | $58.13M |
| Operating Cash Flow | $210.54M | $156.12M | $-223.56M | $-102.24M | $136.48M | $-115.01M | $-69.33M | $-71.72M | $-130.07M | $-134.02M |
| Capital Expenditure | $-135.99M | $-124.19M | $-214.46M | $-135.77M | $-64.35M | $-171.80M | $-150.67M | $-69.24M | $-14.85M | $-21.98M |
| Free Cash Flow | $74.55M | $31.93M | $-438.02M | $-238.00M | $72.13M | $-286.81M | $-220.00M | $-140.96M | $-144.92M | $-156.00M |