Summary - Funding Rounds

In total, TESARO had raised $161 m. TESARO is a subsidiary of GSK

TESARO Income Statement

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

44.8m223.3m

Revenue growth, %

14040%

Cost of goods sold

268.0k1.3m41.1m

Gross profit

(268.0k)43.6m182.2m

Gross profit Margin, %

97%82%

R&D expense

47.2m75.7m118.4m155.4m235.1m308.7m

General and administrative expense

6.7m14.8m23.9m78.7m158.6m336.8m

Operating expense total

53.9m90.5m142.4m235.8m414.5m661.7m

EBIT

(61.9m)(92.4m)(167.3m)(236.0m)(370.9m)(479.5m)

EBIT margin, %

(828%)(215%)

Interest expense

3.8m

Interest income

152.0k83.0k24.0k48.0k1.4m4.1m

Pre tax profit

(171.0m)(251.4m)(386.0m)(494.8m)

Income tax expense

1.5m1.3m

Net Income

(61.8m)(92.4m)(171.0m)(251.4m)(387.5m)(496.1m)

TESARO Balance Sheet

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

125.4m130.3m256.9m230.1m785.9m643.1m

Accounts Receivable

679.0k5.3m53.4m

Prepaid Expenses

1.2m4.0m1.7m4.6m33.5m

Inventories

1.1m14.7m57.9m

Current Assets

126.6m134.3m258.6m236.5m814.8m788.0m

PP&E

219.0k440.0k1.0m2.8m6.6m9.7m

Total Assets

127.4m135.6m263.9m255.3m839.8m862.2m

Accounts Payable

3.2m1.9m6.1m8.0m5.2m4.2m

Current Liabilities

11.7m12.4m24.4m46.7m76.8m166.2m

Long-term debt

293.7m

Total Debt

293.7m

Total Liabilities

139.8m168.4m228.6m613.1m

Common Stock

3.0k3.0k4.0k4.0k5.0k

Additional Paid-in Capital

202.8m302.6m474.6m688.8m1.6b1.7b

Retained Earnings

(87.1m)(179.5m)(350.5m)(601.9m)(990.7m)(1.5b)

Total Equity

115.7m123.2m124.1m86.9m611.2m249.1m

Debt to Equity Ratio

1.2 x

Debt to Assets Ratio

0.3 x

Financial Leverage

1.1 x1.1 x2.1 x2.9 x1.4 x3.5 x

Quarterly

USDQ2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

68.9m138.6m198.6m178.1m156.4m180.3m151.1m295.9m399.1m354.4m302.5m314.5m320.2m647.3m672.2m507.9m521.3m499.0m575.1m476.8m

Accounts Receivable

1.1m1.1m510.0k3.2m6.1m23.1m27.7m44.2m35.7m31.4m

Prepaid Expenses

1.1m1.9m889.0k1.6m1.5m3.3m3.0m1.8m2.2m2.9m4.4m4.2m8.7m7.4m13.6m23.0m22.3m38.2m36.9m31.4m

Inventories

476.0k6.0m8.4m12.2m15.6m28.3m50.5m74.4m87.4m108.8m

Current Assets

145.4m140.5m199.5m179.7m157.9m183.6m154.1m297.7m401.3m357.2m308.5m325.7m337.8m670.1m707.6m582.4m621.7m655.8m757.4m648.4m

PP&E

130.0k173.0k490.0k504.0k472.0k1.2m1.1m1.1m1.1m2.2m2.6m2.7m2.7m3.8m8.6m10.0m9.9m10.3m10.7m9.9m

Total Assets

146.0m141.2m200.6m181.0m159.2m186.2m156.1m303.3m406.5m363.4m314.9m344.0m355.9m689.6m761.0m645.4m685.7m729.7m810.5m710.8m

Accounts Payable

941.0k1.9m2.1m2.0m2.0m2.4m2.8m4.1m5.7m9.6m5.6m12.3m14.0m3.3m10.3m45.0k6.0m5.1m12.9m28.2m

Current Liabilities

4.6m7.7m11.6m12.0m15.5m15.5m19.0m21.8m26.9m36.0m42.7m58.9m60.0m57.8m107.5m102.4m131.4m163.2m184.2m190.4m

Long-term debt

293.9m490.1m490.5m

Total Debt

293.9m490.1m490.5m

Total Liabilities

135.2m144.4m155.7m164.9m183.0m186.6m187.4m247.8m245.5m278.4m612.0m832.0m841.6m

Common Stock

1.0k3.0k3.0k3.0k3.0k4.0k4.0k4.0k4.0k4.0k4.0k4.0k5.0k5.0k5.0k5.0k5.0k5.0k5.0k5.0k

Additional Paid-in Capital

73.5m202.0m294.9m296.6m299.9m399.9m403.5m470.7m661.1m667.3m676.1m853.7m922.0m1.4b1.6b1.7b1.7b1.8b1.8b1.8b

Retained Earnings

(54.9m)(68.4m)(106.0m)(127.6m)(156.2m)(229.3m)(266.3m)(302.6m)(399.0m)(459.6m)(526.2m)(692.7m)(752.6m)(853.7m)(1.1b)(1.3b)(1.3b)(1.6b)(1.8b)(1.9b)

Total Equity

18.6m133.5m188.9m169.1m143.7m170.6m137.1m168.1m262.1m207.7m149.9m161.0m169.3m502.2m513.2m399.9m407.4m117.7m(21.5m)(130.8m)

Debt to Equity Ratio

2.5 x-22.7 x-3.8 x

Debt to Assets Ratio

0.4 x0.6 x0.7 x

Financial Leverage

7.8 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.8 x1.6 x1.7 x2.1 x2.1 x2.1 x1.4 x1.5 x1.6 x1.7 x6.2 x-37.6 x-5.4 x

TESARO Cash Flow

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(61.8m)(92.4m)(171.0m)(251.4m)(387.5m)(496.1m)

Depreciation and Amortization

64.0k179.0k349.0k9.5m

Accounts Receivable

(679.0k)(4.7m)(47.1m)

Inventories

(1.1m)(13.6m)(60.0m)

Accounts Payable

2.6m(1.3m)4.2m1.9m(2.8m)(1.0m)

Cash From Operating Activities

(42.8m)(84.9m)(117.5m)(194.5m)(287.7m)(400.1m)

Purchases of PP&E

(165.0k)(400.0k)(1.0m)(2.3m)(2.9m)(6.0m)

Cash From Investing Activities

(8.0m)(2.3m)(25.9m)(19.8m)(23.3m)(66.5m)

Cash From Financing Activities

136.3m92.1m269.9m187.6m866.9m323.3m

Net Change in Cash

85.6m4.9m126.6m(26.7m)555.7m(142.8m)

Interest Paid

6.1m6.0m6.0m

Income Taxes Paid

573.0k

Quarterly

USDQ2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(29.5m)(43.1m)(18.9m)(40.4m)(69.0m)(49.8m)(86.9m)(123.1m)(48.5m)(109.1m)(175.6m)(90.8m)(149.4m)(250.5m)(136.7m)(288.8m)(314.1m)(162.8m)(329.5m)(466.6m)

Depreciation and Amortization

26.0k43.0k37.0k84.0k130.0k63.0k158.0k254.0k99.0k227.0k437.0k4.9m7.1m2.5m5.1m7.1m

Accounts Receivable

1.1m(377.0k)169.0k(2.5m)134.0k(17.0m)(21.5m)9.3m17.5m6.1m

Inventories

476.0k(4.9m)(7.3m)(11.1m)(179.0k)(7.0m)(35.8m)(16.2m)(34.3m)(54.6m)

Accounts Payable

336.0k1.3m(1.1m)(1.2m)(1.2m)486.0k980.0k2.2m(464.0k)2.3m(509.0k)4.3m5.9m(4.8m)5.1m(5.1m)692.0k895.0k8.8m23.9m

Cash From Operating Activities

(20.6m)(30.5m)(17.9m)(38.5m)(58.7m)(27.1m)(55.6m)(85.2m)(40.3m)(84.9m)(135.5m)(67.6m)(109.9m)(204.5m)(114.7m)(249.5m)(243.2m)(147.6m)(264.2m)(393.8m)

Purchases of PP&E

(38.0k)(98.0k)(308.0k)(369.0k)(383.0k)(604.0k)(945.0k)(969.0k)(172.0k)(943.0k)(1.9m)(380.0k)(590.0k)(1.8m)(1.8m)(4.3m)(4.9m)(1.6m)(3.2m)(3.8m)

Cash From Investing Activities

(7.0m)(7.1m)(308.0k)(369.0k)(2.3m)(17.6m)(18.8m)(18.9m)(172.0k)(943.0k)(2.9m)(4.4m)(8.6m)(10.9m)(2.3m)(47.2m)(47.8m)(1.6m)(3.2m)31.2m

Cash From Financing Activities

56.7m136.3m91.4m91.5m92.0m94.7m95.2m269.6m182.8m183.4m184.0m156.3m208.6m632.6m3.3m18.3m25.8m4.5m201.4m204.7m

Net Change in Cash

29.1m98.8m73.2m52.6m31.0m50.0m20.8m165.6m142.3m97.5m45.7m84.3m90.1m417.2m(113.6m)(277.9m)(264.6m)(144.1m)(68.0m)(160.2m)

Interest Paid

3.1m3.1m3.0m6.0m3.0m3.0m6.0m12.3m20.1m33.1m

Income Taxes Paid

468.0k80.0k268.0k921.0k

TESARO Ratios

USDQ2, 2012

Financial Leverage

7.8 x

TESARO Operating Metrics

FY, 2016

Countries

7

Patent Portfolios

3

Products

2

TESARO Employee Rating

3.850 votes
Culture & Values
3.8
Work/Life Balance
3.6
Senior Management
3.5
Salary & Benefits
4.2
Career Opportunities
3.3
Source