What does CA — rate of increase in operating lease payments mean?

The annual percentage rate at which rent payments for California facilities are increasing.

How do you interpret CA — rate of increase in operating lease payments?

A high rate indicates significant future cash flow pressure and exposure to rising real estate costs.

How does CA — rate of increase in operating lease payments compare across companies?

Typically aligned with standard CPI-linked or fixed-percentage rent escalators in commercial leases.

Cytokinetics CYTK CA — Rate Of Increase In Operating Lease Payments

Discontinued — last reported Q3 '19

Similar metrics at other companies

THCCalifornia — Number of annual escalating lease payments

19—

ARWRCA — Percentage Of Increase In Annual Rental Cost

0.8%—

IBRXEl Segundo California — Annual Percentage Increases To Monthly Fixed Charge

3%—

EXELAlameda California — Lessee Operating Lease Not Yet Commenced Monthly Base Payment Annual Increase Percentage

3%—

ARWRCA — Expected Payments Of Leasehold Improvements Net Of Tenant Improvement Allowances

$4.2M—

ARWRCA — Lease And Rental Expense

$33.8K—

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:RateOfIncreaseInOperatingLeasePayments.

The official record: Cytokinetics’s 10-K, filed February 26, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does CA — rate of increase in operating lease payments mean?: The annual percentage rate at which rent payments for California facilities are increasing.
How do you interpret CA — rate of increase in operating lease payments?: A high rate indicates significant future cash flow pressure and exposure to rising real estate costs.
How does CA — rate of increase in operating lease payments compare across companies?: Typically aligned with standard CPI-linked or fixed-percentage rent escalators in commercial leases.