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Sorrento Therapeutics, Inc.$7.28$.192.68%

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Income Statement for Sorrento Therapeutics, Inc.
(Amounts are in millions) 12/2019 12/2018 12/2017
Net Sales or Revenues $31.43 $21.19 $151.86
Cost of Goods Sold $12.24 $7.06 $3.95
Gross Profit $19.20 $14.13 $147.91
       
Research & Development Expense $182.18 $88.27 $81.63
Selling, General, & Admin. Expense $92.47 $73.28 $38.33
Income Before Depreciation ($255.45) ($147.42) $27.95
       
Depreciation, Depletion, Amortization $3.94 $3.01 $2.61
Non-Operating Income ($64.04) ($10.74) ($45.28)
Interest Expense $36.14 $57.63 $4.98
Pretax Income ($359.58) ($218.80) ($24.93)
       
Provision for Income Taxes ($0.47) ($6.27) ($36.04)
Minority Interest ($70.94) ($8.99) $1.98
Investment Gains (Losses) ($3.91) $0.00 $0.00
Other Income $0.00 $0.00 $0.00
Income Before Extraordinaries ($363.01) ($212.53) $11.11
       
Extraordinary Items & Disc. Operations $0.00 $0.00 $0.00
Net Income ($292.07) ($203.54) $9.13
       
Basic Earnings Per Share ($2.20) ($1.92) $0.13
Diluted Earnings Per Share ($2.35) ($1.92) $0.13
       
Weighted Average Basic Shares Outstanding 132.73 106.15 69.74
Weighted Average Diluted Shares Outstanding 140.51 106.15 70.38
       
Income Before Non-Recurring Items ($259.32) ($203.54) $9.13
Income From Non-Recurring Items ($32.75) $0.00 $0.00
Diluted Earnings Per Share before extras ($2.12) ($1.92) $0.13
       
Dividend (preferred) N/A N/A N/A
Dividend (common) $0.00 $0.00 $0.00
Dividend Per Share (common) $0.00 $0.00 $0.00




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