Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Cytokinetics Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Cash and cash equivalents	99,692)	68,639)	101,616)	65,582)	106,238)	93,631)	115,422)	112,666)	90,562)	37,154)	44,594)	82,985)	200,812)	61,134)	49,776)	36,433)	39,634)	34,361)	39,409)	42,256)	27,624)	46,955)	115,011)
Short-term investments	439,547)	497,083)	562,346)	716,995)	761,426)	492,395)	493,552)	358,972)	387,074)	313,147)	380,983)	381,075)	209,452)	151,929)	170,930)	188,679)	126,405)	138,507)	137,213)	156,475)	182,686)	184,986)	136,443)
Accounts receivable	2,499)	985)	1,006)	147)	2,294)	1,973)	6,056)	51,819)	644)	2,701)	4,514)	4,420)	4,965)	2,254)	2,704)	5,163)	6,576)	8,993)	4,165)	2,231)	9,156)	236)	37)
Contract assets	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	575)	2,472)	4,554)	5,876)	10,375)	18,550)
Prepaid expenses and other current assets	19,678)	19,868)	15,661)	12,462)	14,317)	14,251)	8,496)	12,215)	16,661)	11,227)	3,026)	5,741)	3,183)	3,637)	2,528)	3,477)	3,920)	2,515)	3,141)	2,158)	1,927)	1,677)	2,298)
Current assets	561,416)	586,575)	680,629)	795,186)	884,275)	602,250)	623,526)	535,672)	494,941)	364,229)	433,117)	474,221)	418,412)	218,954)	225,938)	233,752)	176,535)	184,951)	186,400)	207,674)	227,269)	244,229)	272,339)
Long-term investments	15,468)	26,871)	40,406)	46,708)	28,544)	10,668)	77,083)	152,050)	191,295)	73,672)	34,664)	36,954)	40,958)	—)	16,510)	42,650)	—)	2,254)	—)	—)	—)	—)	4,015)
Property and equipment, net	75,614)	77,248)	78,859)	80,453)	80,302)	78,586)	75,740)	73,271)	53,896)	36,942)	23,198)	13,346)	7,667)	5,611)	5,162)	4,530)	3,615)	2,945)	3,175)	3,204)	2,687)	2,598)	3,156)
Operating lease right-of-use assets	79,929)	80,866)	81,802)	82,737)	75,076)	72,161)	72,646)	73,138)	80,725)	83,006)	79,687)	2,924)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other assets	8,187)	8,339)	8,119)	9,691)	7,764)	8,052)	7,258)	7,188)	6,682)	6,453)	6,396)	6,358)	7,075)	7,930)	8,972)	8,882)	7,243)	8,068)	9,036)	300)	323)	412)	416)
Non-current assets	179,198)	193,324)	209,186)	219,589)	191,686)	169,467)	232,727)	305,647)	332,598)	200,073)	143,945)	59,582)	55,700)	13,541)	30,644)	56,062)	10,858)	13,267)	12,211)	3,504)	3,010)	3,010)	7,587)
Total assets	740,614)	779,899)	889,815)	1,014,775)	1,075,961)	771,717)	856,253)	841,319)	827,539)	564,302)	577,062)	533,803)	474,112)	232,495)	256,582)	289,814)	187,393)	198,218)	198,611)	211,178)	230,279)	247,239)	279,926)

Cash and Cash Equivalents: The cash and cash equivalents balance exhibited significant fluctuations over the reported period. Initial figures started high at 115,011 thousand USD in March 2018, then declined sharply through 2018 and early 2019. Notable intensifications occurred in late 2020 and early 2021, reaching peaks around 112,666 thousand USD in March 2022, followed by a downward trend toward the most recent quarters, ending near 99,692 thousand USD in September 2023. This pattern indicates varying liquidity levels, with periods of cash build-up and depletion possibly reflecting operational cycles or financing activities.
Short-term Investments: Short-term investments consistently maintained a strong presence, with values generally increasing over time. Starting at 136,443 thousand USD in March 2018, the figure progressed through intermittent rises and dips but notably surged after late 2020, peaking at 761,426 thousand USD in December 2022 before moderately declining to 439,547 thousand USD in September 2023. This trend suggests a strategic accumulation of liquid investments, possibly to enhance earning potential on idle funds.
Accounts Receivable: Accounts receivable levels showed significant variability, initially very low and somewhat erratic before a sharp increase to 51,819 thousand USD in March 2022. This spike is an outlier compared to other quarters which mostly ranged under 10,000 thousand USD, ending with moderate values of 2,499 thousand USD in September 2023. Such volatility may be attributable to changes in revenue recognition policies, customer payment terms, or billing cycles affecting receivables timing.
Contract Assets: Contract assets demonstrated a steady decline from 18,550 thousand USD in March 2018 down to minimal or missing values by mid-2019. This declining pattern suggests the reduction or completion of contracts that previously generated these assets, indicating a possible shift in contract structures or revenue models.
Prepaid Expenses and Other Current Assets: This asset category showed a general upward trend with fluctuations, growing from 2,298 thousand USD in March 2018 to a peak exceeding 19,868 thousand USD by September 2023. Intermittent spikes around mid-2021 suggest occasional increases in prepaid expenses or other current asset balances, possibly reflecting operational or administrative changes impacting working capital.
Current Assets: Total current assets followed a pattern of initial decline from 272,339 thousand USD in March 2018 to a low near 176,535 thousand USD by late 2019, then sharply increasing afterward. There was a pronounced surge in 2020 and 2021, peaking at 884,275 thousand USD in March 2023 before a mild reduction. This reflects increasing liquidity and short-term resource availability over time, consistent with trends in cash and short-term investments.
Long-Term Investments: Long-term investments were sporadically reported with some large jumps, notably a substantial increase to 191,295 thousand USD by March 2022 after moderate values in prior periods. Subsequent quarters show a decline to 15,468 thousand USD by September 2023, indicating either disposal or reclassification of long-term holdings. This irregular pattern suggests strategic portfolio adjustments or capital allocation shifts.
Property and Equipment, Net: This asset category experienced steady growth throughout the timeframe, starting at 3,156 thousand USD in March 2018 and reaching a peak exceeding 80,000 thousand USD from late 2021 onwards. The gradual accumulation of property and equipment points to ongoing investments in infrastructure or operational capacity expansion.
Operating Lease Right-of-Use Assets: Reported beginning in late 2020, this category rapidly rose to values above 80,000 thousand USD by late 2021 and remained stable thereafter. The sudden appearance and growth are consistent with accounting standards update related to lease capitalization, indicating materialized obligations recorded on the balance sheet.
Other Assets: Other assets remained relatively low and stable, fluctuating modestly around the range of 300 to 9,700 thousand USD without clear upward or downward trends. This steadiness suggests consistent non-core asset levels or minor balance variations over time.
Non-Current Assets: Non-current assets showed notable variability, starting at 7,587 thousand USD in March 2018, with a sharp rise over 2020 and 2021, peaking above 330,000 thousand USD in late 2021. Thereafter, there was a downward trend to approximately 179,198 thousand USD by September 2023. This volatility is mainly influenced by variations in long-term investments, property and equipment, and lease assets, reflecting strategic shifts in asset composition.
Total Assets: Total assets decreased from approximately 280,000 thousand USD in early 2018 to a trough near 187,000 thousand USD in late 2019. Following this period, total assets increased dramatically, peaking over 1,070,000 thousand USD in early 2023 before retreating to about 740,000 thousand USD by September 2023. This overall increase corresponds with expansions in current and non-current asset categories, indicating significant asset accumulation likely associated with business growth or capital raises.

Assets: Selected Items

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Current Assets: Selected Items

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Cytokinetics Inc. (NASDAQ:CYTK)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data