INCYTE CORPORATION (INCY) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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INCYTE CORPORATION cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $877,013,000.00Net income → Operating adjustments reconciliation: $11,922,000.00Deferred income taxes → Operating adjustments reconciliation: $179,037,000.00Stock-based compensation → Operating adjustments reconciliation: $131,389,000.00Depreciation and amortization → Operating adjustments reconciliation: $50,278,000.00Accounts payable → Operating adjustments reconciliation: $45,880,000.00Other, net → Operating adjustments reconciliation: $14,385,000.00Loss on change in fair value of acquisition-related contingent consideration → Operating adjustments reconciliation: $2,331,000.00Operating adjustments reconciliation → Accrued and other liabilities: $289,050,000.00Operating adjustments reconciliation → Accounts receivable: $100,822,000.00Operating adjustments reconciliation → Inventory: $24,105,000.00Operating adjustments reconciliation → (Gain) loss on equity investments: $16,396,000.00Operating adjustments reconciliation → Prepaid expenses and other assets: $4,849,000.00Proceeds from issuance of Common Stock under stock plans → financing reconciliation: $173,073,000.00financing reconciliation → Net cash from financing activities: $150,278,000.00financing reconciliation → Tax withholdings related to restricted and performance share vesting: $10,888,000.00financing reconciliation → Payment of contingent consideration: $9,565,000.00financing reconciliation → Payment of finance lease liabilities: $2,342,000.00Net cash used in investing activities → investing reconciliation: $139,996,000.00Maturities of marketable securities → investing reconciliation: $101,700,000.00investing reconciliation → Purchases of marketable securities: $174,083,000.00investing reconciliation → Purchase of long term investments: $40,000,000.00investing reconciliation → Capital expenditures: $22,613,000.00investing reconciliation → Payments for intangible assets: $5,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $3,099,669,000.00Net cash from operating activities → Cash sources and uses: $877,013,000.00Net cash from financing activities → Cash sources and uses: $150,278,000.00Cash sources and uses → Exchange-rate effect: $2,773,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $3,984,191,000.00Cash sources and uses → Net cash used in investing activities: $139,996,000.00Net income: $888,935,000.00Net income+$888.94 MDepreciation and amortization: $50,278,000.00Depreciation & amortization+$50.28 MStock-based compensation: $131,389,000.00Stock-based compensation+$131.39 MDeferred income taxes: $179,037,000.00Deferred taxes & credits+$179.04 MOther, net: $14,385,000.00Other non-cash items+$14.39 M(Gain) loss on equity investments: -$16,396,000.00Equity securities gain & loss−$16.40 MLoss on change in fair value of acquisition-related contingent consideration: $2,331,000.00Contingent consideration change+$2.33 MAccounts receivable: -$100,822,000.00Accounts receivable−$100.82 MPrepaid expenses and other assets: -$4,849,000.00Prepaid & other assets−$4.85 MInventory: -$24,105,000.00Inventories−$24.11 MAccounts payable: $45,880,000.00Accounts payable+$45.88 MAccrued and other liabilities: -$289,050,000.00Accrued liabilities−$289.05 MNet cash from operating activities: $877,013,000.00Operating cash+$877.01 MOperating adjustments reconciliation: $435,222,000.00Proceeds from issuance of Common Stock under stock plans: $173,073,000.00Stock plan proceeds+$173.07 MTax withholdings related to restricted and performance share vesting: -$10,888,000.00Stock-award tax withholding−$10.89 MPayment of finance lease liabilities: -$2,342,000.00Finance lease payments−$2.34 MPayment of contingent consideration: -$9,565,000.00Contingent consideration paid−$9.57 MExcise tax paid on repurchase of Common Stock: $0.00Net cash from financing activities: $150,278,000.00Financing cash+$150.28 Mfinancing reconciliation: $173,073,000.00Sale of equity investments: $0.00Capital expenditures: -$22,613,000.00Other capital spending−$22.61 MPayments for intangible assets: -$5,000,000.00Intangible asset purchases−$5.00 MPurchases of marketable securities: -$174,083,000.00Marketable securities purchases−$174.08 MMaturities of marketable securities: $101,700,000.00Marketable securities proceeds+$101.70 MPurchase of long term investments: -$40,000,000.00Long-term investment purchases−$40.00 MNet cash used in investing activities: -$139,996,000.00. Cash required to fund net payments.Investing cash−$140.00 Minvesting reconciliation: $241,696,000.00Cash sources and uses: $4,126,960,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $3,099,669,000.00Beginning cash$3.10 BEnding cash: Cash, cash equivalents, and restricted cash: $3,984,191,000.00Ending cash$3.98 BExchange-rate effect: -$2,773,000.00FX effect−$2.77 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flowNot availableCash flow / Net income0.99×Operating cash flow ÷ net incomeNet cash change+$884.52 MEnding cash − beginning cash
Chart details

INCYTE CORPORATION cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
3,099,669,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
877,013,000 US dollars. Net cash provided.
Net income
888,935,000 US dollars
Depreciation and amortization
50,278,000 US dollars
Stock-based compensation
131,389,000 US dollars
Deferred income taxes
179,037,000 US dollars
Other, net
14,385,000 US dollars
(Gain) loss on equity investments
negative 16,396,000 US dollars
Loss on change in fair value of acquisition-related contingent consideration
2,331,000 US dollars
Accounts receivable
negative 100,822,000 US dollars
Prepaid expenses and other assets
negative 4,849,000 US dollars
Inventory
negative 24,105,000 US dollars
Accounts payable
45,880,000 US dollars
Accrued and other liabilities
negative 289,050,000 US dollars
Investing activities
negative 139,996,000 US dollars. Net cash used.
Sale of equity investments
0 US dollars
Capital expenditures
negative 22,613,000 US dollars
Payments for intangible assets
negative 5,000,000 US dollars
Purchases of marketable securities
negative 174,083,000 US dollars
Maturities of marketable securities
101,700,000 US dollars
Purchase of long term investments
negative 40,000,000 US dollars
Financing activities
150,278,000 US dollars. Net cash provided.
Proceeds from issuance of Common Stock under stock plans
173,073,000 US dollars
Tax withholdings related to restricted and performance share vesting
negative 10,888,000 US dollars
Payment of finance lease liabilities
negative 2,342,000 US dollars
Payment of contingent consideration
negative 9,565,000 US dollars
Excise tax paid on repurchase of Common Stock
0 US dollars
Operating adjustment reconciliation
435,222,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
173,073,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
241,696,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 2,773,000 US dollars
Ending cash on Jun 30, 2026
3,984,191,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
4,126,960,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
884,522,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.99×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $877.01M of net income directly to operating cash and $11.92M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
INCYTE CORPORATION (INCY) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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