2015 Q4 Form 10-Q Financial Statement
#000119312515368368 Filed on November 05, 2015
Income Statement
Concept | 2015 Q4 | 2015 Q3 | 2014 Q3 |
---|---|---|---|
Revenue | $17.00K | $39.00K | $15.00K |
YoY Change | -63.83% | 160.0% | -93.75% |
Cost Of Revenue | $2.500M | ||
YoY Change | |||
Gross Profit | -$2.500M | ||
YoY Change | |||
Gross Profit Margin | -14705.88% | ||
Selling, General & Admin | $22.60M | $20.30M | $8.100M |
YoY Change | 117.31% | 150.62% | 113.16% |
% of Gross Profit | |||
Research & Development | $20.50M | $18.73M | $16.95M |
YoY Change | 12.64% | 10.48% | 133.69% |
% of Gross Profit | |||
Depreciation & Amortization | $130.0K | $120.0K | $60.00K |
YoY Change | 116.67% | 100.0% | 50.0% |
% of Gross Profit | |||
Operating Expenses | $43.10M | $39.04M | $25.01M |
YoY Change | 50.7% | 56.09% | 126.31% |
Operating Profit | -$45.60M | -$39.00M | -$24.99M |
YoY Change | 56.03% | 131.19% | |
Interest Expense | $100.0K | $92.00K | $208.0K |
YoY Change | -50.0% | -55.77% | 79.31% |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$45.50M | -$38.90M | -$24.80M |
YoY Change | 60.21% | 56.85% | 131.78% |
Income Tax | $300.0K | ||
% Of Pretax Income | |||
Net Earnings | -$45.78M | -$38.91M | -$24.79M |
YoY Change | 61.4% | 56.97% | 131.75% |
Net Earnings / Revenue | -269317.65% | -99758.97% | -165240.0% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$452.6K | -$385.9K | -$249.2K |
COMMON SHARES | |||
Basic Shares Outstanding | 100.9M shares | 100.7M shares | 99.44M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q4 | 2015 Q3 | 2014 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $215.1M | $240.7M | $337.8M |
YoY Change | -33.29% | -28.75% | 72.19% |
Cash & Equivalents | $102.1M | $70.80M | $36.37M |
Short-Term Investments | $113.0M | $169.9M | $301.4M |
Other Short-Term Assets | $2.200M | $2.000M | $2.100M |
YoY Change | 83.33% | -4.76% | -16.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $219.0M | $242.8M | $341.1M |
YoY Change | -32.54% | -28.8% | 71.67% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.203M | $2.068M | $520.0K |
YoY Change | 298.37% | 297.69% | 6.12% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $329.0K | $405.0K | $178.0K |
YoY Change | 14.63% | 127.53% | 48.33% |
Total Long-Term Assets | $2.907M | $2.473M | $698.0K |
YoY Change | 246.07% | 254.3% | 14.43% |
TOTAL ASSETS | |||
Total Short-Term Assets | $219.0M | $242.8M | $341.1M |
Total Long-Term Assets | $2.907M | $2.473M | $698.0K |
Total Assets | $221.9M | $245.3M | $341.8M |
YoY Change | -31.82% | -28.22% | 71.49% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.672M | $2.204M | $1.110M |
YoY Change | -17.06% | 98.56% | -0.89% |
Accrued Expenses | $20.23M | $15.53M | $10.13M |
YoY Change | 46.4% | 53.35% | 51.84% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $21.90M | $17.74M | $11.25M |
YoY Change | 38.32% | 57.6% | 42.99% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $200.0K | $200.0K | $0.00 |
YoY Change | 100.0% | -100.0% | |
Total Long-Term Liabilities | $232.0K | $239.0K | $21.00K |
YoY Change | 71.85% | 1038.1% | 950.0% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $21.90M | $17.74M | $11.25M |
Total Long-Term Liabilities | $232.0K | $239.0K | $21.00K |
Total Liabilities | $22.13M | $17.97M | $11.27M |
YoY Change | 38.61% | 59.43% | 43.22% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$662.6M | -$616.8M | -$469.8M |
YoY Change | 33.01% | 31.3% | 19.35% |
Common Stock | $10.00K | $10.00K | $10.00K |
YoY Change | 0.0% | 0.0% | 11.11% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $199.8M | $227.3M | $330.5M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $221.9M | $245.3M | $341.8M |
YoY Change | -31.82% | -28.22% | 71.49% |
Cashflow Statement
Concept | 2015 Q4 | 2015 Q3 | 2014 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$45.78M | -$38.91M | -$24.79M |
YoY Change | 61.4% | 56.97% | 131.75% |
Depreciation, Depletion And Amortization | $130.0K | $120.0K | $60.00K |
YoY Change | 116.67% | 100.0% | 50.0% |
Cash From Operating Activities | -$34.73M | -$31.85M | -$17.48M |
YoY Change | 95.11% | 82.21% | 84.58% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$290.0K | -$190.0K | -$80.00K |
YoY Change | 222.22% | 137.5% | -81.4% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $57.02M | $8.490M | $38.96M |
YoY Change | 40.55% | -78.21% | -1206.82% |
Cash From Investing Activities | $56.72M | $8.310M | $38.87M |
YoY Change | 40.12% | -78.62% | -1084.05% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 9.330M | 1.130M | 1.280M |
YoY Change | 232.03% | -11.72% | 31.96% |
NET CHANGE | |||
Cash From Operating Activities | -34.73M | -31.85M | -17.48M |
Cash From Investing Activities | 56.72M | 8.310M | 38.87M |
Cash From Financing Activities | 9.330M | 1.130M | 1.280M |
Net Change In Cash | 31.32M | -22.41M | 22.67M |
YoY Change | 22.87% | -198.85% | -282.09% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$34.73M | -$31.85M | -$17.48M |
Capital Expenditures | -$290.0K | -$190.0K | -$80.00K |
Free Cash Flow | -$34.44M | -$31.66M | -$17.40M |
YoY Change | 94.47% | 81.95% | 92.48% |
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2015-09-30 | ||
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Description Of New Accounting Pronouncements Not Yet Adopted
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|
<div> <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>9. Recent Accounting Pronouncements</b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In April 2015, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance related to accounting for fees paid in a cloud computing arrangement. This accounting update provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. This guidance is effective for annual reporting periods beginning after December 15, 2015 and early adoption is permitted. The Company adopted this guidance in the first quarter of fiscal 2015 with no significant impact to its consolidated financial statements.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In May 2014, the FASB issued authoritative accounting guidance related to revenue from contracts with customers. This guidance is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The original guidance was effective for annual reporting periods beginning after December 15, 2016. However, in July 2015, the FASB agreed to delay the effective date by one year, with early adoption permitted, but not before the original effective date of the standard. In accordance with the agreed upon delay, the Company will adopt this guidance on January 1, 2018. Companies may use either a full retrospective or a modified retrospective approach to adopt this guidance. The Company is evaluating which transition approach to use and its impact, if any, on its consolidated financial statements.</p> </div> | ||
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ACADIA PHARMACEUTICALS INC | ||
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us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
144000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
31292000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1571000 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2015 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
118000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-118605000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1848000 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
1902000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-119047000 | ||
us-gaap |
Revenues
Revenues
|
44000 | ||
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
-758000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
782000 | ||
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
388000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-118659000 | ||
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
51000 | ||
us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
215926000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
3000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
5170000 | ||
us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
308619000 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
3000 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
119091000 | ||
us-gaap |
Depreciation
Depreciation
|
519000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
5170000 | ||
us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
186000 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
65688000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
8945000 | ||
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
104000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
90845000 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
53403000 | ||
CY2014Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
7360000 | shares |
CY2014Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
196800000 | |
CY2014Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9753000 | shares |
CY2014Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.25 | |
CY2014Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
99497000 | shares |
CY2014Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-24803000 | |
CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-24994000 | |
CY2014Q3 | us-gaap |
Revenues
Revenues
|
15000 | |
CY2014Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
208000 | |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-24786000 | |
CY2014Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-17000 | |
CY2014Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
25009000 | |
CY2014Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8057000 | |
CY2014Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
16952000 | |
CY2015Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
12352000 | shares |
CY2015Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.39 | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
100756000 | shares |
CY2015Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-38872000 | |
CY2015Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-38998000 | |
CY2015Q3 | us-gaap |
Revenues
Revenues
|
39000 | |
CY2015Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
92000 | |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-38906000 | |
CY2015Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
34000 | |
CY2015Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
39037000 | |
CY2015Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
20308000 | |
CY2015Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
18729000 |