Summary by Moomoo AI
BeiGene has filed Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, to comply with SEC Regulation S-X Rule 5-04. The amendment was necessary as the company's restricted net assets of consolidated subsidiaries exceeded 25% of consolidated net assets for fiscal years 2023 and 2022.The parent company's financial statements reveal a net loss of $881.7 million for 2023, compared to $2 billion in 2022. As of December 31, 2023, BeiGene maintained cash and cash equivalents of $724 million, with total assets of $4.8 billion and shareholders' equity of $3.5 billion. The company's short-term debt stood at $547.2 million.The amendment includes new certifications from the CEO and CFO, parent company-only financial statements, and related independent auditor reports. The filing does not modify any other information from the original Form 10-K and should be read in conjunction with the company's other SEC filings.
