Xencor (XNCR) FY2020 results: revenue $123 million, down 21.7% on the year
Xencor Inc. (XNCR) reported revenue of $123 million for fiscal 2020, the year ended 31 December 2020, down 21.7% on the year before. Net income was -$69 million, and diluted earnings per share $-1.21. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2021.
Revenue
$123 million
-21.7% on the year
FY2016FY2020
Operating margin
-62.6%
8.8% a year earlier
FY2016FY2020
Net income
-$69 million
FY2016FY2020
Diluted EPS
-$1.21
FY2016FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
123
157
40.6
-21.7%
Research and development
170
119
97.5
+43.2%
Operating income
-76.8
13.8
-79.4
Operating margin
-62.6%
8.8%
-195.5%
Interest expense
n/a
n/a
0.0
Pre-tax income
-69.3
27.2
-70.4
Income tax
0.0
0.3
0.0
Effective tax rate
n/a
1.1%
n/a
Net income
-69.3
26.9
-70.4
Net margin
-56.5%
17.2%
-173.4%
Diluted EPS
-$1.21
$0.46
-$1.31
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
-5.0
64.4
-79.8
Capital expenditure
10.5
7.4
7.2
+43.3%
Free cash flow
-15.5
57.0
-87.0
Free cash flow margin
-12.7%
36.4%
-214.2%
Cash from investing
100
-51.0
-165
Cash from financing
18.0
10.7
254
+69.2%
Depreciation and amortisation
5.8
4.3
3.3
+34.8%
Share-based compensation
31.6
31.9
20.5
-0.7%
Diluted shares, weighted
57m
58m
54m
-2.1%
Shares outstanding at period end
58m
57m
56m
+1.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
572
593
522
-3.5%
Debt
0.0
0.0
n/a
Operating lease liabilities
9.7
8.6
n/a
+13.7%
Other liabilities
121
68.5
55.1
+76.8%
Total liabilities and equity
703
670
577
+4.9%
Fixed assets
21.7
15.8
11.8
+37.2%
Intangible assets
16.0
14.4
12.0
+10.8%
Investments
n/a
551
504
Securities held for sale or to maturity
435
n/a
n/a
Cash and equivalents
164
50.3
26.2
+225.1%
Receivables
11.4
21.6
10.2
-47.0%
Other assets
55.4
17.1
12.3
+223.3%
Total assets
703
670
577
+4.9%
10-K for the year ended 31 December 2020, filed 24 February 2021: the filing.