Stock Analysis on Net
Stock Analysis on Net

Celgene Corp. (NASDAQ:CELG)

This company has been moved to the archive! The financial data has not been updated since October 31, 2019.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Celgene Corp., adjusted financial ratios

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Activity Ratio
Total Asset Turnover
Reported 0.43 0.43 0.40 0.34 0.44
Adjusted 0.43 0.43 0.40 0.34 0.43
Liquidity Ratio
Current Ratio
Reported 2.23 4.99 3.67 4.77 4.60
Adjusted 2.28 5.12 3.75 4.94 4.98
Solvency Ratios
Debt to Equity
Reported 3.29 2.29 2.17 2.41 1.05
Adjusted 2.28 1.92 2.21 2.28 0.98
Debt to Capital
Reported 0.77 0.70 0.68 0.71 0.51
Adjusted 0.70 0.66 0.69 0.70 0.49
Financial Leverage
Reported 5.76 4.36 4.26 4.57 2.66
Adjusted 3.96 3.63 4.29 4.29 2.42
Profitability Ratios
Net Profit Margin
Reported 26.51% 22.66% 17.87% 17.49% 26.44%
Adjusted 28.41% 11.81% 11.59% 15.80% 33.64%
Return on Equity (ROE)
Reported 65.67% 42.48% 30.29% 27.07% 30.65%
Adjusted 48.03% 18.38% 19.76% 22.92% 35.26%
Return on Assets (ROA)
Reported 11.40% 9.75% 7.12% 5.92% 11.53%
Adjusted 12.13% 5.06% 4.60% 5.34% 14.56%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Celgene Corp. adjusted total asset turnover ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Celgene Corp. adjusted current ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Celgene Corp. adjusted debt-to-equity ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Celgene Corp. adjusted debt-to-capital ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Celgene Corp. adjusted financial leverage ratio decreased from 2016 to 2017 but then slightly increased from 2017 to 2018.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Celgene Corp. adjusted net profit margin ratio improved from 2016 to 2017 and from 2017 to 2018.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Celgene Corp. adjusted ROE deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Celgene Corp. adjusted ROA improved from 2016 to 2017 and from 2017 to 2018.

Celgene Corp., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Net product sales 15,265 12,973 11,185 9,161 7,564
Total assets 35,480 30,141 28,086 27,053 17,340
Activity Ratio
Total asset turnover1 0.43 0.43 0.40 0.34 0.44
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net product sales2 15,302 12,999 11,177 9,195 7,569
Adjusted total assets3 35,847 30,343 28,154 27,212 17,489
Activity Ratio
Adjusted total asset turnover4 0.43 0.43 0.40 0.34 0.43

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Total asset turnover = Net product sales ÷ Total assets
= 15,265 ÷ 35,480 = 0.43

2 Adjusted net product sales. See details »

3 Adjusted total assets. See details »

4 2018 Calculation
Adjusted total asset turnover = Adjusted net product sales ÷ Adjusted total assets
= 15,302 ÷ 35,847 = 0.43

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Celgene Corp. adjusted total asset turnover ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Current assets 9,067 14,892 10,868 9,401 9,713
Current liabilities 4,057 2,987 2,959 1,969 2,112
Liquidity Ratio
Current ratio1 2.23 4.99 3.67 4.77 4.60
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 9,083 14,908 10,883 9,419 9,722
Adjusted current liabilities3 3,984 2,912 2,904 1,908 1,953
Liquidity Ratio
Adjusted current ratio4 2.28 5.12 3.75 4.94 4.98

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Current ratio = Current assets ÷ Current liabilities
= 9,067 ÷ 4,057 = 2.23

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2018 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 9,083 ÷ 3,984 = 2.28

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Celgene Corp. adjusted current ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Total debt 20,270 15,838 14,289 14,250 6,872
Stockholders’ equity 6,161 6,921 6,599 5,919 6,525
Solvency Ratio
Debt to equity1 3.29 2.29 2.17 2.41 1.05
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 20,645 16,047 14,480 14,456 7,068
Adjusted stockholders’ equity3 9,052 8,350 6,560 6,340 7,220
Solvency Ratio
Adjusted debt to equity4 2.28 1.92 2.21 2.28 0.98

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 20,270 ÷ 6,161 = 3.29

2 Adjusted total debt. See details »

3 Adjusted stockholders’ equity. See details »

4 2018 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ equity
= 20,645 ÷ 9,052 = 2.28

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Celgene Corp. adjusted debt-to-equity ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Total debt 20,270 15,838 14,289 14,250 6,872
Total capital 26,431 22,759 20,889 20,169 13,396
Solvency Ratio
Debt to capital1 0.77 0.70 0.68 0.71 0.51
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 20,645 16,047 14,480 14,456 7,068
Adjusted total capital3 29,697 24,397 21,040 20,796 14,289
Solvency Ratio
Adjusted debt to capital4 0.70 0.66 0.69 0.70 0.49

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Debt to capital = Total debt ÷ Total capital
= 20,270 ÷ 26,431 = 0.77

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2018 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 20,645 ÷ 29,697 = 0.70

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Celgene Corp. adjusted debt-to-capital ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Total assets 35,480 30,141 28,086 27,053 17,340
Stockholders’ equity 6,161 6,921 6,599 5,919 6,525
Solvency Ratio
Financial leverage1 5.76 4.36 4.26 4.57 2.66
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 35,847 30,343 28,154 27,212 17,489
Adjusted stockholders’ equity3 9,052 8,350 6,560 6,340 7,220
Solvency Ratio
Adjusted financial leverage4 3.96 3.63 4.29 4.29 2.42

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 35,480 ÷ 6,161 = 5.76

2 Adjusted total assets. See details »

3 Adjusted stockholders’ equity. See details »

4 2018 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity
= 35,847 ÷ 9,052 = 3.96

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Celgene Corp. adjusted financial leverage ratio decreased from 2016 to 2017 but then slightly increased from 2017 to 2018.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Net income 4,046 2,940 1,999 1,602 2,000
Net product sales 15,265 12,973 11,185 9,161 7,564
Profitability Ratio
Net profit margin1 26.51% 22.66% 17.87% 17.49% 26.44%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 4,348 1,535 1,296 1,453 2,546
Adjusted net product sales3 15,302 12,999 11,177 9,195 7,569
Profitability Ratio
Adjusted net profit margin4 28.41% 11.81% 11.59% 15.80% 33.64%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Net profit margin = 100 × Net income ÷ Net product sales
= 100 × 4,046 ÷ 15,265 = 26.51%

2 Adjusted net income. See details »

3 Adjusted net product sales. See details »

4 2018 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Adjusted net product sales
= 100 × 4,348 ÷ 15,302 = 28.41%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Celgene Corp. adjusted net profit margin ratio improved from 2016 to 2017 and from 2017 to 2018.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Net income 4,046 2,940 1,999 1,602 2,000
Stockholders’ equity 6,161 6,921 6,599 5,919 6,525
Profitability Ratio
ROE1 65.67% 42.48% 30.29% 27.07% 30.65%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 4,348 1,535 1,296 1,453 2,546
Adjusted stockholders’ equity3 9,052 8,350 6,560 6,340 7,220
Profitability Ratio
Adjusted ROE4 48.03% 18.38% 19.76% 22.92% 35.26%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
ROE = 100 × Net income ÷ Stockholders’ equity
= 100 × 4,046 ÷ 6,161 = 65.67%

2 Adjusted net income. See details »

3 Adjusted stockholders’ equity. See details »

4 2018 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted stockholders’ equity
= 100 × 4,348 ÷ 9,052 = 48.03%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Celgene Corp. adjusted ROE deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Net income 4,046 2,940 1,999 1,602 2,000
Total assets 35,480 30,141 28,086 27,053 17,340
Profitability Ratio
ROA1 11.40% 9.75% 7.12% 5.92% 11.53%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 4,348 1,535 1,296 1,453 2,546
Adjusted total assets3 35,847 30,343 28,154 27,212 17,489
Profitability Ratio
Adjusted ROA4 12.13% 5.06% 4.60% 5.34% 14.56%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 4,046 ÷ 35,480 = 11.40%

2 Adjusted net income. See details »

3 Adjusted total assets. See details »

4 2018 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 4,348 ÷ 35,847 = 12.13%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Celgene Corp. adjusted ROA improved from 2016 to 2017 and from 2017 to 2018.