2016 Q1 Form 10-K Financial Statement

#000119312516483533 Filed on February 29, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 2014 Q4
Revenue $4.000K $61.00K $47.00K
YoY Change 0.0% -49.17% 27.03%
Cost Of Revenue $2.500M
YoY Change
Gross Profit -$2.400M
YoY Change -2500.0%
Gross Profit Margin -3934.43%
Selling, General & Admin $27.50M $88.30M $10.40M
YoY Change 13.17% 170.04% 141.86%
% of Gross Profit
Research & Development $22.78M $73.87M $18.20M
YoY Change 39.77% 21.89% 130.38%
% of Gross Profit
Depreciation & Amortization $138.0K $647.0K $60.00K
YoY Change 13.11% 214.08% 50.0%
% of Gross Profit
Operating Expenses $50.27M $164.7M $28.60M
YoY Change 23.94% 76.4% 134.43%
Operating Profit -$50.26M -$164.6M
YoY Change 23.94% 76.57%
Interest Expense $500.0K $499.0K $200.0K
YoY Change 182.49% -33.91% 100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$49.80M -$164.1M -$28.40M
YoY Change 23.27% 77.47% 136.67%
Income Tax $330.0K
% Of Pretax Income
Net Earnings -$49.76M -$164.4M -$28.37M
YoY Change 23.25% 77.82% 135.42%
Net Earnings / Revenue -1244050.0% -269578.69% -60353.19%
Basic Earnings Per Share
Diluted Earnings Per Share -$447.4K -$1.634M -$291.6K
COMMON SHARES
Basic Shares Outstanding 112.6M shares 99.77M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q1 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $457.2M $215.1M $322.5M
YoY Change 53.49% -33.3% 73.58%
Cash & Equivalents $175.2M $102.1M $61.85M
Short-Term Investments $282.0M $113.0M $260.6M
Other Short-Term Assets $4.300M $2.200M $1.200M
YoY Change 230.77% 83.33% -33.33%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $462.4M $219.0M $324.6M
YoY Change 54.17% -32.53% 72.34%
LONG-TERM ASSETS
Property, Plant & Equipment $2.623M $2.200M $553.0K
YoY Change 46.86% 266.67% -4.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.240M $700.0K $287.0K
YoY Change 346.04% 133.33% 60.34%
Total Long-Term Assets $4.238M $2.900M $840.0K
YoY Change 105.33% 222.22% 10.82%
TOTAL ASSETS
Total Short-Term Assets $462.4M $219.0M $324.6M
Total Long-Term Assets $4.238M $2.900M $840.0K
Total Assets $466.6M $221.9M $325.5M
YoY Change 54.52% -31.83% 72.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.307M $1.700M $2.016M
YoY Change -48.09% -15.0% 441.94%
Accrued Expenses $19.82M $20.20M $13.82M
YoY Change 40.2% 46.38% 110.9%
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 $21.12M $21.90M $15.83M
YoY Change 26.85% 38.61% 126.88%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $200.0K $200.0K $100.0K
YoY Change 0.0% 100.0%
Total Long-Term Liabilities $217.0K $200.0K $135.0K
YoY Change -0.46% 100.0% 1587.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.12M $21.90M $15.83M
Total Long-Term Liabilities $217.0K $200.0K $135.0K
Total Liabilities $21.34M $22.10M $15.97M
YoY Change 26.5% 38.13% 128.55%
SHAREHOLDERS EQUITY
Retained Earnings -$712.3M -$498.1M
YoY Change 32.28% 22.8%
Common Stock $11.00K $10.00K
YoY Change 10.0% 11.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $445.3M $199.8M $309.5M
YoY Change
Total Liabilities & Shareholders Equity $466.6M $221.9M $325.5M
YoY Change 54.52% -31.83% 72.09%

Cashflow Statement

Concept 2016 Q1 2015 2014 Q4
OPERATING ACTIVITIES
Net Income -$49.76M -$164.4M -$28.37M
YoY Change 23.25% 77.82% 135.42%
Depreciation, Depletion And Amortization $138.0K $647.0K $60.00K
YoY Change 13.11% 214.08% 50.0%
Cash From Operating Activities -$41.21M -$121.8M -$17.80M
YoY Change 62.56% 83.35% 73.32%
INVESTING ACTIVITIES
Capital Expenditures $207.0K $2.141M -$90.00K
YoY Change -79.05% 1089.44% -30.77%
Acquisitions
YoY Change
Other Investing Activities -$168.5M $149.7M $40.57M
YoY Change -526.99% -271.9% 319.54%
Cash From Investing Activities -$168.7M $147.6M $40.48M
YoY Change -538.52% -269.1% 323.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $281.6M $14.55M
YoY Change 19469.15% -92.86%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 283.0M 14.50M 2.810M
YoY Change 19552.08% -92.89% 346.03%
NET CHANGE
Cash From Operating Activities -41.21M -121.8M -17.80M
Cash From Investing Activities -168.7M 147.6M 40.48M
Cash From Financing Activities 283.0M 14.50M 2.810M
Net Change In Cash 73.08M 40.27M 25.49M
YoY Change 401.92% -19.7% -28422.22%
FREE CASH FLOW
Cash From Operating Activities -$41.21M -$121.8M -$17.80M
Capital Expenditures $207.0K $2.141M -$90.00K
Free Cash Flow -$41.42M -$123.9M -$17.71M
YoY Change 57.25% 86.07% 74.65%

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ACADIA PHARMACEUTICALS INC
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CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
55900000
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
40284000
CY2015 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
2247000
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4580000
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
993000
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
40194000
CY2015 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
97000
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
48456000
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-344000
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
247000
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
40194000
CY2015 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
6256000
CY2015 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
292000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
147570000
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
13000000
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
73869000
CY2015 acad Closing Market Price Of Common Stock
ClosingMarketPriceOfCommonStock
35.65
CY2015 acad Stock Issued Employee Stock Purchase Plan Average Price Per Share
StockIssuedEmployeeStockPurchasePlanAveragePricePerShare
22.62
CY2015 acad Lease Expiration Month And Year
LeaseExpirationMonthAndYear
2019-02
CY2015 acad Description Of Warrant
DescriptionOfWarrant
Per their terms, the outstanding warrants to purchase 500,000 shares of common stock may not be exercised if the holder's ownership of the Company's common stock would exceed 19.99 percent following such exercise.
CY2015 acad Income Tax Expense Permanent Tax Differences
IncomeTaxExpensePermanentTaxDifferences
1752000
CY2015 acad Deferred Tax Assets Loss Carryforwards Excess Tax Deductions Resulting From Share Based Compensation
DeferredTaxAssetsLossCarryforwardsExcessTaxDeductionsResultingFromShareBasedCompensation
79900000
CY2012 acad Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
1172774 shares
CY2012 acad Stock Issued During Period Shares Stock Warrants Exercised
StockIssuedDuringPeriodSharesStockWarrantsExercised
874719 shares
CY2014Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.19
CY2014Q1 us-gaap Revenues
Revenues
30000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
-17828000
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.40
CY2015Q1 us-gaap Revenues
Revenues
4000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-40375000
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.22
CY2014Q2 us-gaap Revenues
Revenues
28000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-21495000
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.39
CY2015Q2 us-gaap Revenues
Revenues
1000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-39378000
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.25
CY2014Q3 us-gaap Revenues
Revenues
15000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-24786000
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.39
CY2015Q3 us-gaap Revenues
Revenues
39000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-38906000
CY2014Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.28
CY2014Q4 us-gaap Revenues
Revenues
47000
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
-28366000
CY2015Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.45
CY2015Q4 us-gaap Revenues
Revenues
17000
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
-45784000

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