What does CA — operating leases undiscounted lease payments1 mean?

The total amount of future rent payments due for California leases without adjusting for the time value of money.

How do you interpret CA — operating leases undiscounted lease payments1?

A large total liability indicates significant long-term fixed cost commitments that impact future liquidity.

How does CA — operating leases undiscounted lease payments1 compare across companies?

Standard disclosure requirement under ASC 842 for operating lease liabilities.

Cytokinetics CYTK CA — Operating Leases Undiscounted Lease Payments1

Discontinued — last reported Q3 '19

Similar metrics at other companies

ARWRCA — Operating Leases Future Minimum Payments Due

$7.3M—

ARWRCalifornia — Estimated lease payments

$119M+1,625%

SMMTNew Jersey And California — Total lease payments

$23.12M—

THCCalifornia — Total finance lease liabilities

$303M—

THCCalifornia — Number of annual escalating lease payments

19—

THCCalifornia — Initial payment

$100M—

Other financials

Income statement

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Revenue$19.4M+1,126%

Operating income-$183.6M-18.0%

Net income-$206.0M-27.7%

EPS (diluted)-$1.67-22.8%

Balance sheet

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Cash & equivalents$129.8M+76.2%

Total debt$418.2M+75.8%

Total equity-$826.6M-210%

Total assets$1.3B+0.7%

Cash flow

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Operating cash flow-$145.5M-10.5%

CapEx$5.9M+4.7%

Free cash flow-$151.4M-10.3%

Valuation

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Market cap$10.7B+70.6%

Enterprise value$10.98B+70.7%

P/S101.1×-225×

Profitability

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Operating margin-605.1%-268pp

Net margin-784%-337pp

FCF margin-518.8%-223pp

Returns & leverage

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Return on equity-337.6%—

Debt / equity2.2×—

Current ratio4.2×-1.8×

Where this comes from

Reported directly by Cytokinetics in its filing.

Tagged under the XBRL concept cytk:OperatingLeasesUndiscountedLeasePayments1.

The official record: Cytokinetics’s 10-Q, filed November 1, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does CA — operating leases undiscounted lease payments1 mean?: The total amount of future rent payments due for California leases without adjusting for the time value of money.
How do you interpret CA — operating leases undiscounted lease payments1?: A large total liability indicates significant long-term fixed cost commitments that impact future liquidity.
How does CA — operating leases undiscounted lease payments1 compare across companies?: Standard disclosure requirement under ASC 842 for operating lease liabilities.