How do you interpret alameda california — tenant lease improvements allowance?

A higher allowance reduces the company's capital burden for facility development.

How does alameda california — tenant lease improvements allowance compare across companies?

Standard commercial real estate term; peers often disclose these allowances to demonstrate favorable lease terms.

Exelixis EXEL Alameda California — Tenant Lease Improvements Allowance

Discontinued — last reported Q1 '19

Similar metrics at other companies

CYTKCA — Lease Agreement Allowances For Tenant Improvements

$35.3M—

CYTKCA — Additional Lease Agreement Allowances For Tenant Improvements

$8.2M—

ARWRCalifornia — Maximum additional tenant improvement allowance

$7.2M-69.5%

ARWRCalifornia — Proceeds From Tenant Improvement Allowance

$3.1M0.0%

MRNANorwood Leases — Allowance for tenant improvements

$22M—

ARWRCalifornia — Additional tenant improvement allowance liability

$3.1M-88.8%

Other financials

Income statement

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Revenue$610.8M+10.0%

Gross profit$590.9M+10.2%

Operating income$251.3M+34.5%

Net income$210.5M+31.9%

EPS (diluted)$0.79+43.6%

Balance sheet

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Cash & equivalents$226.2M+23.1%

Total debt$169.5M-9.4%

Total equity$1.9B-9.2%

Total assets$2.6B-8.6%

Cash flow

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Operating cash flow$251.8M+19.1%

CapEx$1.5M-48.9%

Free cash flow$250.3M+20.1%

Valuation

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Market cap$13.05B+10.1%

Enterprise value$12.99B+9.5%

P/E15.7×-2.8×

P/S5.5×+0.3×

Profitability

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Gross margin96.4%-0.3pp

Operating margin39.4%+6.3pp

Net margin35.1%+7.1pp

FCF margin38.6%+2.9pp

Returns & leverage

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Return on equity41%+10.8pp

Debt / equity0.1×0.0×

Current ratio3.3×-0.2×

Where this comes from

Reported directly by Exelixis in its filing.

Tagged under the XBRL concept exel:TenantLeaseImprovementsAllowance.

The official record: Exelixis’s 10-Q, filed October 30, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does alameda california — tenant lease improvements allowance mean?: The total budget provided by landlords for upgrading or customizing leased spaces in Alameda, California.
How do you interpret alameda california — tenant lease improvements allowance?: A higher allowance reduces the company's capital burden for facility development.
How does alameda california — tenant lease improvements allowance compare across companies?: Standard commercial real estate term; peers often disclose these allowances to demonstrate favorable lease terms.