Stock Analysis on Net
Stock Analysis on Net

Celgene Corp. (NASDAQ:CELG)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 31, 2019.

Common-Size Income Statement

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Celgene Corp., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Net product sales
Cost of goods sold, excluding amortization of acquired intangible assets
Gross profit
Other revenue
Research and development
Selling, general and administrative
Amortization of acquired intangible assets
Acquisition related gains (charges) and restructuring, net
Operating income
Interest and investment income, net
Interest expense
Other income (expense), net
Other income and expense
Income before income taxes
Income tax provision
Net income

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

Cost of goods sold, excluding amortization of acquired intangible assets
Displayed a consistent decrease as a percentage of net product sales from -5.1% in 2014 to -3.55% in 2017, slightly rising to -3.85% in 2018. This suggests improved production efficiency over the period with a minor uptick in the final year.
Gross profit
Increased steadily from 94.9% in 2014 to a peak of 96.45% in 2017, then slightly declined to 96.15% in 2018. The overall trend indicates a strengthening in profit margins related to core product sales.
Other revenue
Showed a downward trend, narrowing from 1.41% in 2014 to a mere 0.1% in 2018, indicating a diminishing contribution from non-core revenue sources relative to net product sales.
Research and development
Fluctuated significantly, rising from -32.13% in 2014 to a peak of -45.59% in 2017, then declining to -37.16% in 2018. This indicates variable but generally high investment in R&D expenditure as a percentage of net sales, with a notable reduction in the last year.
Selling, general and administrative expenses
Demonstrated a steady decrease from -26.81% in 2014 to -21.29% in 2018, reflecting improved operational efficiency or cost control in these expense categories.
Amortization of acquired intangible assets
Varied over the period, starting at -3.41% in 2014, dropping to -2.54% in 2017, then increasing again to -3.07% in 2018. This shows fluctuating expense impact from acquired intangible assets without a clear directional trend.
Acquisition related gains (charges) and restructuring, net
Showed substantial volatility, with a notable positive spike to 10.41% in 2017, contrasting with mostly negative or small values in other years. This indicates an exceptional gain or restructuring event in 2017 affecting operating results.
Operating income
Exhibited variability, decreasing from 33.3% in 2014 to 24.61% in 2015, rising to 36.28% in 2017, before moderating to 34.01% in 2018. Despite fluctuations, operating income remained relatively strong throughout the period.
Interest and investment income, net
Remained low and relatively stable, fluctuating modestly around 0.3% of net product sales, with a peak at 0.81% in 2017.
Interest expense
Increased over time from -2.33% in 2014 to -4.85% in 2018, indicating a growing burden from interest costs relative to net sales.
Other income (expense), net
Showed inconsistency, with values ranging from -0.58% in 2014 to a high of 2.21% in 2018, reflecting variable non-operating income or expense impact.
Other income and expense
Consistently negative, with the lowest point at -7.1% in 2016, suggesting periodic adverse impacts on overall profitability from other non-operating sources.
Income before income taxes
Generally followed the operating income trend, declining from 30.77% in 2014 to a low of 21.21% in 2016, then rising to 33.25% in 2017 and slightly decreasing to 31.65% in 2018.
Income tax provision
Varied over the period, mostly between -3.34% and -5.15% except for a notable spike to -10.59% in 2017, indicating an unusually high tax expense that year relative to net product sales.
Net income
Displayed fluctuation, dropping significantly from 26.44% in 2014 to 17.49% in 2015, holding steady near that level through 2016, then rising to 22.66% in 2017 and recovering further to 26.51% in 2018. This pattern reflects variability in overall profitability, with recovery in the final two years.