10-K Filing

DBV TECHNOLOGIES S.A. CIK: 1613780 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001193125-21-084223`
Period End Date	20201231
Filing Date	20210317
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	dbvt-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 25 Cash Flow Statement 52 Stockholders Equity 16 Comprehensive Income 8

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$196.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$140.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$193.25M	USD	Point-in-time
Trade receivables	`ReceivablesNetCurrent`	$2.23M	USD	Point-in-time
Inventories and work in progress	`InventoryNet`	-	USD	Point-in-time
Inventories and work in progress	`InventoryNet`	$2.29M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.79M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$9.01M	USD	Point-in-time
Treasury stock, common, shares	`TreasuryStockCommonShares`	102,302.00	shares	Point-in-time
Treasury stock, common, shares	`TreasuryStockCommonShares`	41,159.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$204.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$207.38M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$24.79M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$25.02M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$23.15M	USD	Point-in-time
Right-of-use assets related to operating leases	`OperatingLeaseRightOfUseAsset`	$23.59M	USD	Point-in-time
Right-of-use assets related to operating leases	`OperatingLeaseRightOfUseAsset`	$10.10M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$41.00K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$48.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$29.93M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$18.52M	USD	Point-in-time
Total non-current assets	`NoncurrentAssets`	$67.18M	USD	Point-in-time
Total non-current assets	`NoncurrentAssets`	$64.87M	USD	Point-in-time
Total Assets	`Assets`	$272.25M	USD	Point-in-time
Total Assets	`Assets`	$271.73M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$24.00M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$20.34M	USD	Point-in-time
Short-term operating lease	`OperatingLeaseLiabilityCurrent`	$3.71M	USD	Point-in-time
Short-term operating lease	`OperatingLeaseLiabilityCurrent`	$3.69M	USD	Point-in-time
Short-term financial debt	`ShortTermFinancialDebtCurrent`	$648.00K	USD	Point-in-time
Short-term financial debt	`ShortTermFinancialDebtCurrent`	$724.00K	USD	Point-in-time
Current contingencies	`ProvisionForLiabilitiesCurrent`	$5.02M	USD	Point-in-time
Current contingencies	`ProvisionForLiabilitiesCurrent`	$724.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$22.93M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$24.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.71M	USD	Point-in-time
Long-term operating lease	`OperatingLeaseLiabilityNoncurrent`	$22.00M	USD	Point-in-time
Long-term operating lease	`OperatingLeaseLiabilityNoncurrent`	$10.50M	USD	Point-in-time
Long-term financial debt	`LongTermFinancialDebtNoncurrent`	$810.00K	USD	Point-in-time
Long-term financial debt	`LongTermFinancialDebtNoncurrent`	$543.00K	USD	Point-in-time
Non-current contingencies	`ProvisionForLiabilitiesNoncurrent`	$1.66M	USD	Point-in-time
Non-current contingencies	`ProvisionForLiabilitiesNoncurrent`	$2.53M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$80.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$475.00K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$24.54M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$14.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$78.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$66.75M	USD	Point-in-time
Ordinary shares, 0.10 par value ; 54,929,187 and 47,028,510 shares authorized, and issued as at December 31, 2020 and 2019, respectively, and 4,036,263 and 4,026,688 shares outstanding as at December 31, 2020 and 2019, respectively	`CommonStockValue`	$6.52M	USD	Point-in-time
Ordinary shares, 0.10 par value ; 54,929,187 and 47,028,510 shares authorized, and issued as at December 31, 2020 and 2019, respectively, and 4,036,263 and 4,026,688 shares outstanding as at December 31, 2020 and 2019, respectively	`CommonStockValue`	$5.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.00B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.15B	USD	Point-in-time
Treasury stock, 102,302 and 41,159 ordinary shares as of December 31, 2020 and 2019, respectively, at cost	`TreasuryStockValue`	$1.17M	USD	Point-in-time
Treasury stock, 102,302 and 41,159 ordinary shares as of December 31, 2020 and 2019, respectively, at cost	`TreasuryStockValue`	$230.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-958.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-798.99M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$484.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$108.00K	USD	Point-in-time
Accumulated currency translation effect	`AccumulatedForeignCurrencyTranslationAdjustmentNetOfTax`	$-16.95M	USD	Point-in-time
Accumulated currency translation effect	`AccumulatedForeignCurrencyTranslationAdjustmentNetOfTax`	$6.16M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$138.87M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$205.49M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$193.19M	USD	Point-in-time
Total liabilities and shareholder's equity	`LiabilitiesAndStockholdersEquity`	$272.25M	USD	Point-in-time
Total liabilities and shareholder's equity	`LiabilitiesAndStockholdersEquity`	$271.73M	USD	Point-in-time

Income Statement 25 line items

Line Item	Tag	Value	Unit	Period
Operating income	`Revenues`	$11.28M	USD	Annual
Operating income	`Revenues`	$14.71M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$101.61M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$115.10M	USD	Annual
Sales & marketing expenses	`SellingAndMarketingExpense`	$21.56M	USD	Annual
Sales & marketing expenses	`SellingAndMarketingExpense`	$9.88M	USD	Annual
General & administrative expenses	`GeneralAndAdministrativeExpense`	$35.08M	USD	Annual
General & administrative expenses	`GeneralAndAdministrativeExpense`	$49.07M	USD	Annual
Restructuring expenses	`RestructuringCharges`	$23.55M	USD	Annual
Total Operating expenses	`OperatingExpenses`	$185.73M	USD	Annual
Total Operating expenses	`OperatingExpenses`	$170.12M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-158.84M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-171.02M	USD	Annual
Financial expenses	`FinanceIncomeExpenses`	$-724.00K	USD	Annual
Financial expenses	`FinanceIncomeExpenses`	$-378.00K	USD	Annual
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-171.40M	USD	Annual
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-159.57M	USD	Annual
Income tax	`IncomeTaxExpenseBenefit`	$-10.00K	USD	Annual
Income tax	`IncomeTaxExpenseBenefit`	$610.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-159.56M	USD	Annual
Net loss	`NetIncomeLoss`	$-172.01M	USD	Annual
Basic/diluted Net loss per share attributable to shareholders	`EarningsPerShareBasicAndDiluted`	$-4.65	USD	Annual
Basic/diluted Net loss per share attributable to shareholders	`EarningsPerShareBasicAndDiluted`	$-2.95	USD	Annual
Weighted average shares outstanding used in computing per share amounts:	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.01M	shares	Annual
Weighted average shares outstanding used in computing per share amounts:	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	54.09M	shares	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-159.56M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-172.01M	USD	Annual
Depreciation, amortization and accrued contingencies	`AdjustmentForDepreciationAmortizationAndAccruedContingencies`	$10.46M	USD	Annual
Depreciation, amortization and accrued contingencies	`AdjustmentForDepreciationAmortizationAndAccruedContingencies`	$2.60M	USD	Annual
Retirement pension obligations	`AdjustmentForRetirementPensionObligations`	$515.00K	USD	Annual
Retirement pension obligations	`AdjustmentForRetirementPensionObligations`	$-436.00K	USD	Annual
Expenses related to share-based payments	`ShareBasedCompensation`	$-1.13M	USD	Annual
Expenses related to share-based payments	`ShareBasedCompensation`	$17.24M	USD	Annual
Other elements	`OtherNoncashIncomeExpense`	$134.00K	USD	Annual
Other elements	`OtherNoncashIncomeExpense`	$-655.00K	USD	Annual
Decrease (increase) in inventories and work in progress	`IncreaseDecreaseInInventories`	$527.00K	USD	Annual
Decrease (increase) in inventories and work in progress	`IncreaseDecreaseInInventories`	$-2.33M	USD	Annual
Decrease (increase) in trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-34.00K	USD	Annual
Decrease (increase) in trade receivables	`IncreaseDecreaseInAccountsReceivable`	$2.07M	USD	Annual
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-3.19M	USD	Annual
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$9.28M	USD	Annual
(Decrease) increase in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-7.65M	USD	Annual
(Decrease) increase in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-5.08M	USD	Annual
(Decrease) increase in other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-3.36M	USD	Annual
(Decrease) increase in other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$8.40M	USD	Annual
Change in operating lease liabilities and right of use assets	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$-1.85M	USD	Annual
Change in operating lease liabilities and right of use assets	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$-3.00K	USD	Annual
Net cash flow used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-165.61M	USD	Annual
Net cash flow used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-148.35M	USD	Annual
Acquisitions of property, plant, and equipment, net form proceeds	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.57M	USD	Annual
Acquisitions of property, plant, and equipment, net form proceeds	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.73M	USD	Annual
Acquisitions of intangible assets	`PaymentsToAcquireIntangibleAssets`	$29.00K	USD	Annual
Acquisitions of intangible assets	`PaymentsToAcquireIntangibleAssets`	$30.00K	USD	Annual
Acquisitions of non-current financial assets	`PaymentsToAcquireInvestments`	$103.00K	USD	Annual
Acquisitions of non-current financial assets	`PaymentsToAcquireInvestments`	$65.00K	USD	Annual
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.66M	USD	Annual
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.87M	USD	Annual
(Decrease) increase in conditional advances	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-303.00K	USD	Annual
(Decrease) increase in conditional advances	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-1.32M	USD	Annual
Treasury shares	`ProceedsFromRepaymentOfTreasuryStock`	$-563.00K	USD	Annual
Treasury shares	`ProceedsFromRepaymentOfTreasuryStock`	$172.00K	USD	Annual
Capital increases, net of transaction costs	`ProceedsFromIssuanceOrSaleOfEquity`	$150.45M	USD	Annual
Capital increases, net of transaction costs	`ProceedsFromIssuanceOrSaleOfEquity`	$208.77M	USD	Annual
Other cash flows related to financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-38.00K	USD	Annual
Other cash flows related to financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-36.00K	USD	Annual
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$207.58M	USD	Annual
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$149.55M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-886.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$22.02M	USD	Annual
Net (decrease) / increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$52.68M	USD	Annual
Net (decrease) / increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$3.10M	USD	Annual
Net Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$196.35M	USD	Point-in-time
Net Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$140.57M	USD	Point-in-time
Net Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$193.25M	USD	Point-in-time
Net cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$196.35M	USD	Point-in-time
Net cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$140.57M	USD	Point-in-time
Net cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$193.25M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$138.87M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$205.49M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$193.19M	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-159.56M	USD	Annual
Net (loss)	`NetIncomeLoss`	$-172.01M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$23.48M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-373.00K	USD	Annual
Issuance of ordinary shares	`StockIssuedDuringPeriodValueNewIssues`	$208.77M	USD	Annual
Issuance of ordinary shares	`StockIssuedDuringPeriodValueNewIssues`	$150.45M	USD	Annual
Treasury shares	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$-939.00K	USD	Annual
Treasury shares	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$693.00K	USD	Annual
Share-based payments	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.24M	USD	Annual
Share-based payments	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$-1.13M	USD	Annual
Ending balance	`StockholdersEquity`	$138.87M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$205.49M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$193.19M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-159.56M	USD	Annual
Net loss	`NetIncomeLoss`	$-172.01M	USD	Annual
Foreign currency translation differences, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-958.00K	USD	Annual
Foreign currency translation differences, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$23.10M	USD	Annual
Actuarial gains on employee benefits, net of taxes	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$585.00K	USD	Annual
Actuarial gains on employee benefits, net of taxes	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$376.00K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-136.07M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-172.38M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.