XML 38 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Revenues $ 103,873 $ 103,178 $ 90,722
Operating Expenses      
Impairment of goodwill 0 9,635 87,862
Impairment of other noncurrent assets 543 13,326 32,627
Other Expense, Net      
Unrealized and realized appreciation in fair value of equity securities and preferred stock, net 0 (106) 7,833
Equity in net loss of affiliates (3) (1,176) (6,730)
Loss from continuing operations before income taxes (96,925) (103,855) (171,264)
Income tax benefit 160 82 930
Income (loss) from discontinued operations, net of income tax benefit 4,599 (66,748) (153,582)
Net loss (92,166) (170,521) (323,916)
Net loss attributable to the noncontrolling interests 0 0 1,592
Net loss attributable to Precigen (92,166) (170,521) (322,324)
Amounts Attributable to Precigen      
Net loss from continuing operations attributable to Precigen (96,765) (103,773) (168,742)
Net income (loss) from discontinued operations attributable to Precigen 4,599 (66,748) (153,582)
Net loss attributable to Precigen $ (92,166) $ (170,521) $ (322,324)
Net Loss per Share      
Net loss from continuing operations attributable to Precigen per share, basic (in usd per share) $ (0.49) $ (0.62) $ (1.09)
Net loss from continuing operations attributable to Precigen per share, diluted (in usd per share) (0.49) (0.62) (1.09)
Net income (loss) from discontinued operations attributable to Precigen per share, basic (in usd per share) 0.02 (0.40) (1.00)
Net income (loss) from discontinued operations attributable to Precigen per share, diluted (in usd per share) 0.02 (0.40) (1.00)
Net loss attributable to Precigen per share, diluted (in usd per share) (0.47) (1.02) (2.09)
Net loss attributable to Precigen per share, basic (in usd per share) $ (0.47) $ (1.02) $ (2.09)
Weighted average shares outstanding, basic (in shares) 197,759,900 167,065,539 154,138,774
Weighted average shares outstanding, diluted (in shares) 197,759,900 167,065,539 154,138,774
Collaboration and licensing agreements      
Revenues      
Revenues $ 506 $ 21,208 $ 14,059
Continuing Operations      
Revenues      
Revenues 103,873 103,178 90,722
Operating Expenses      
Research and development 50,141 41,644 66,666
Selling, general and administrative 74,122 91,704 98,634
Impairment of goodwill 0 0 29,820
Impairment of other noncurrent assets 543 920 990
Total operating expenses 183,191 189,781 257,511
Operating loss (79,318) (86,603) (166,789)
Other Expense, Net      
Unrealized and realized appreciation in fair value of equity securities and preferred stock, net 0 0 8,291
Interest expense (18,891) (18,400) (17,666)
Interest and dividend income 1,617 2,451 3,871
Other income (expense), net (330) (165) 3,445
Total other expense, net (17,604) (16,114) (2,059)
Equity in net loss of affiliates (3) (1,138) (2,416)
Loss from continuing operations before income taxes (96,925) (103,855) (171,264)
Income tax benefit 160 82 930
Loss from continuing operations (96,765) (103,773) (170,334)
Continuing Operations | Collaboration and licensing agreements      
Revenues      
Revenues 506 21,208 14,059
Continuing Operations | Product revenues      
Revenues      
Revenues 27,295 24,349 23,780
Operating Expenses      
Cost of product and services 24,864 28,550 31,930
Continuing Operations | Service revenues      
Revenues      
Revenues 75,570 56,899 51,803
Operating Expenses      
Cost of product and services 33,521 26,963 29,471
Continuing Operations | Other revenues      
Revenues      
Revenues $ 502 $ 722 $ 1,080