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10x Genomics, Inc. (TXG)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   10-K10-K10-K10-K10-K
Revenues:  
    UNITED STATES  258.3154.8133.3  
    China  74.941.729.915.13.2
    Other  157.3102.382.7131.267.9
Total revenues  490.5298.8245.9146.371.1
            Revenue growth   [+]64.1%21.5%68.1%105.8% 
Cost of goods sold  74.158.561.028.710.6
Gross profit  416.4240.4184.9117.760.5
            Gross margin  84.9%80.4%75.2%80.4%85.1%
Selling, general and administrative  257.6202.3130.887.946.7
Research and development  211.8123.483.147.532.2
Other operating expenses  -0.71.31.530.6 
EBITDA   [+]-31.1-72.6-23.5-44.5-14.1
            EBITDA margin  -6.3%-24.3%-9.6%-30.4%-19.8%
Depreciation and amortization  21.114.07.13.94.3
EBIT   [+]-52.3-86.6-30.6-48.4-18.4
            EBIT margin  -10.7%-29.0%-12.4%-33.1%-25.8%
Non-recurring items   [+] 447.5 62.4 
Interest expense, net   [+]0.70.20.31.40.5
Other income (expense), net   [+]-0.8-0.2-0.2-0.20.1
Pre-tax income  -53.7-534.5-31.0-112.4-18.7
Income taxes  4.58.30.20.10.0
Net income  -58.2-542.7-31.3-112.5-18.8
            Net margin  -11.9%-181.6%-12.7%-76.9%-26.4%
   
Basic EPS   [+]($0.53)($5.37)($0.80)($8.40)($1.62)
Diluted EPS   [+]($0.53)($5.37)($0.80)($8.40)($1.62)
   
Shares outstanding (basic)   [+]110.3101.239.113.411.6
Shares outstanding (diluted)   [+]110.3101.239.113.411.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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