Below are the financial statements of Incyte, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | — | — | — |
| Product revenues, net | 3,618.89a | 3,165.17a | 2,746.9a |
| Product royalty revenues | 579.33a | 523.48a | 482.74a |
| Milestone and contract revenues | 43a | 7a | 165a |
| Total revenues | 4,241.22a | 3,695.65a | 3,394.64a |
| Costs, expenses and other | — | — | — |
| Cost of product revenues (including definite-lived intangible amortization) | -312.07a | -254.99a | -207a |
| Research and development | -2,606.85a | -1,627.59a | -1,585.94a |
| Selling, general and administrative | -1,242.16a | -1,161.29a | -1,002.14a |
| Loss on change in fair value of acquisition-related contingent consideration | -19.8a | -29.2a | -12.15a |
| (Profit) and loss sharing under collaboration agreements | -1.03a | 2.05a | 7.97a |
| Total costs, expenses and other | -4,179.85a | -3,075.12a | -2,815.2a |
| Income from operations | 61.37a | 620.53a | 579.44a |
| Interest income | 128.71a | 158.41a | 40.45a |
| Interest expense | -2.28a | -2.55a | -2.67a |
| Realized and unrealized gain (loss) on equity investments | 116.03a | 43.89a | -87.59a |
| Other, net | 12.81a | 13.93a | -0.52a |
| Income before provision for income taxes | 316.63a | 834.22a | 529.12a |
| Provision for income taxes | -284.02a | -236.62a | -188.46a |
| Net income | 32.62a | 597.6a | 340.66a |
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