2017 Q3 Form 10-Q Financial Statement
#000156459017022281 Filed on November 07, 2017
Income Statement
| Concept | 2017 Q3 | 2016 Q3 |
|---|---|---|
| Revenue | $17.10M | $13.70M |
| YoY Change | 24.79% | 117.46% |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $47.60M | $22.40M |
| YoY Change | 112.5% | 40.0% |
| % of Gross Profit | ||
| Research & Development | $95.30M | $97.94M |
| YoY Change | -2.69% | 42.73% |
| % of Gross Profit | ||
| Depreciation & Amortization | $3.600M | $3.500M |
| YoY Change | 2.86% | -33.96% |
| % of Gross Profit | ||
| Operating Expenses | $142.9M | $120.3M |
| YoY Change | 18.76% | 42.14% |
| Operating Profit | -$125.8M | -$106.7M |
| YoY Change | 17.93% | 36.19% |
| Interest Expense | $3.300M | $2.200M |
| YoY Change | 50.0% | 37.5% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $2.863M | $2.605M |
| YoY Change | 9.9% | 69.38% |
| Pretax Income | -$122.9M | -$104.1M |
| YoY Change | 18.1% | 35.56% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$122.9M | -$104.1M |
| YoY Change | 18.13% | 35.52% |
| Net Earnings / Revenue | -719.1% | -759.64% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$1.339M | -$1.215M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 85.72M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2017 Q3 | 2016 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $948.3M | $699.5M |
| YoY Change | 35.56% | -28.45% |
| Cash & Equivalents | $202.0M | $168.5M |
| Short-Term Investments | $746.2M | $531.0M |
| Other Short-Term Assets | $30.40M | $19.30M |
| YoY Change | 57.51% | 10.29% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $14.60M | $15.10M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $993.4M | $747.6M |
| YoY Change | 32.88% | -28.24% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $161.9M | $74.22M |
| YoY Change | 118.14% | 182.03% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $51.50M | $339.6M |
| YoY Change | -84.84% | -5.3% |
| Other Assets | $1.471M | $1.561M |
| YoY Change | -5.77% | -83.39% |
| Total Long-Term Assets | $364.9M | $565.3M |
| YoY Change | -35.45% | 43.36% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $993.4M | $747.6M |
| Total Long-Term Assets | $364.9M | $565.3M |
| Total Assets | $1.358B | $1.313B |
| YoY Change | 3.46% | -8.58% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $9.239M | $23.14M |
| YoY Change | -60.07% | 62.11% |
| Accrued Expenses | $51.26M | $36.21M |
| YoY Change | 41.56% | 96.33% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $101.0M | $81.76M |
| YoY Change | 23.59% | 43.16% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $150.0M | $150.0M |
| YoY Change | 0.0% | |
| Other Long-Term Liabilities | $2.842M | $1.991M |
| YoY Change | 42.74% | -96.53% |
| Total Long-Term Liabilities | $2.842M | $1.991M |
| YoY Change | 42.74% | -96.53% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $101.0M | $81.76M |
| Total Long-Term Liabilities | $2.842M | $1.991M |
| Total Liabilities | $299.4M | $297.9M |
| YoY Change | 0.5% | 160.12% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$2.005B | -$1.544B |
| YoY Change | 29.9% | 33.56% |
| Common Stock | $3.098B | $2.587B |
| YoY Change | 19.77% | 4.1% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $1.059B | $1.015B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.358B | $1.313B |
| YoY Change | 3.46% | -8.58% |
Cashflow Statement
| Concept | 2017 Q3 | 2016 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$122.9M | -$104.1M |
| YoY Change | 18.13% | 35.52% |
| Depreciation, Depletion And Amortization | $3.600M | $3.500M |
| YoY Change | 2.86% | -33.96% |
| Cash From Operating Activities | -$98.30M | -$75.60M |
| YoY Change | 30.03% | 38.97% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$25.70M | -$20.30M |
| YoY Change | 26.6% | 212.31% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$111.5M | -$11.10M |
| YoY Change | 904.5% | -120.11% |
| Cash From Investing Activities | -$137.2M | -$31.40M |
| YoY Change | 336.94% | -164.48% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 28.90M | 4.400M |
| YoY Change | 556.82% | 22.22% |
| NET CHANGE | ||
| Cash From Operating Activities | -98.30M | -75.60M |
| Cash From Investing Activities | -137.2M | -31.40M |
| Cash From Financing Activities | 28.90M | 4.400M |
| Net Change In Cash | -206.6M | -102.6M |
| YoY Change | 101.36% | 4785.71% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$98.30M | -$75.60M |
| Capital Expenditures | -$25.70M | -$20.30M |
| Free Cash Flow | -$72.60M | -$55.30M |
| YoY Change | 31.28% | 15.45% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q3 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
14644000 | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
65702000 | ||
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Share Based Compensation
ShareBasedCompensation
|
54877000 | ||
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Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
1735000 | ||
| CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-122719000 | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
9653000 | ||
| CY2017Q3 | us-gaap |
Prepaid Expense And Other Assets Current
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|
30430000 | |
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Assets Current
AssetsCurrent
|
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Available For Sale Securities Debt Securities Noncurrent
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|
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| CY2017Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
161899000 | |
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Other Assets Noncurrent
OtherAssetsNoncurrent
|
1471000 | |
| CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1058835000 | |
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License And Services Revenue
LicenseAndServicesRevenue
|
29705000 | ||
| CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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|
706000 | |
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Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
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|
-1894000 | ||
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Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
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|
6816000 | ||
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Other Operating Activities Cash Flow Statement
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|
608000 | ||
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Payments For Proceeds From Tenant Allowance
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|
-2145000 | ||
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Increase Decrease In Deferred Revenue
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-6044000 | ||
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Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
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Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
355150000 | ||
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Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
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21381000 | ||
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Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
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Proceeds From Issuance Of Secured Debt
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Payments Related To Tax Withholding For Share Based Compensation
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241000 | ||
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Net Cash Provided By Used In Financing Activities Continuing Operations
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|
417943000 | ||
| CY2017Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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2842000 | |
| CY2017Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
101045000 | |
| CY2017Q3 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
38532000 | |
| CY2017Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1358281000 | |
| CY2017Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
9239000 | |
| CY2017Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
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0.01 | |
| CY2017Q3 | us-gaap |
Preferred Stock Shares Authorized
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| CY2017Q3 | us-gaap |
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51260000 | |
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Deferred Rent Credit Current
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2014000 | |
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7203000 | |
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Deferred Revenue Noncurrent
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38356000 | |
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Secured Long Term Debt
SecuredLongTermDebt
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150000000 | |
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Liabilities
Liabilities
|
299446000 | |
| CY2017Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2017Q3 | us-gaap |
Preferred Stock Value
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Common Stock Value
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|
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Additional Paid In Capital Common Stock
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|
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Accumulated Other Comprehensive Income Loss Net Of Tax
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-33741000 | |
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Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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-2005458000 | |
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Preferred Stock Shares Issued
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Preferred Stock Shares Outstanding
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Common Stock Shares Authorized
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Common Stock Shares Issued
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Common Stock Shares Outstanding
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Assets
Assets
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Common Stock Par Or Stated Value Per Share
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License And Services Revenue
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|
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Research And Development Expense
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|
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GeneralAndAdministrativeExpense
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Investment Income Net
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Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
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Nonoperating Income Expense
NonoperatingIncomeExpense
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Nonoperating Income Expense
NonoperatingIncomeExpense
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| CY2017Q3 | us-gaap |
Net Income Loss
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| CY2017Q3 | us-gaap |
General And Administrative Expense
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|
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| CY2017Q3 | us-gaap |
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Nonoperating Income Expense
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|
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Earnings Per Share Basic And Diluted
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|
-3.48 | ||
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Weighted Average Number Of Share Outstanding Basic And Diluted
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|
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Weighted Average Number Of Share Outstanding Basic And Diluted
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|
85513000 | ||
| CY2016Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
1224000 | |
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|
-2194000 | ||
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|
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Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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|
-1894000 | ||
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Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
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6816000 | ||
| CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax
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|
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Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
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Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
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Depreciation Depletion And Amortization
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|
12112000 | ||
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Pension And Other Postretirement Benefit Expense
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|
1202000 | ||
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Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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|
41600000 | ||
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Payments Related To Tax Withholding For Share Based Compensation
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|
188000 | ||
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Net Cash Provided By Used In Financing Activities Continuing Operations
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|
174750000 | ||
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Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
8428000 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
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|
-12414000 | ||
| CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
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|
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| CY2016Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
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|
168481000 | |
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Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
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Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
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Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2052000 | ||
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Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
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Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-17271000 | ||
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Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1462000 | ||
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Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
5990000 | ||
| us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
6749000 | ||
| us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
8664000 | ||
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Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-279742000 | ||
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Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-229364000 | ||
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Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
83481000 | ||
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Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
44678000 | ||
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Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
|
150000000 | ||
| us-gaap |
Payments To Acquire Available For Sale Securities Debt
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|
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Payments To Acquire Available For Sale Securities Debt
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|
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Proceeds From Sale And Maturity Of Available For Sale Securities
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|
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Proceeds From Sale And Maturity Of Available For Sale Securities
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|
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Net Cash Provided By Used In Investing Activities Continuing Operations
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|
-129773000 | ||
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Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
42200000 | ||
| CY2017Q2 | us-gaap |
Stock Issued During Period Shares New Issues
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|
5000000 | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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|
12064000 | ||
| CY2017Q2 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
4200000 | |
| us-gaap |
Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
|
138600000 | ||
| alny |
Investments Classified As Cash And Cash Equivalent Original Maturities
InvestmentsClassifiedAsCashAndCashEquivalentOriginalMaturities
|
P90D | ||
| alny |
Investment Maturity Period Minimum
InvestmentMaturityPeriodMinimum
|
P90D | ||
| CY2017Q3 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
30000 | |
| us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p></div> | ||
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
10897000 | ||
| CY2017Q2 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
71.87 | |
| CY2017Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
355200000 | |
| CY2017Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
798741000 | |
| CY2017Q3 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
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|
979000 | |
| CY2017Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
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| CY2016Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
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|
750537000 | |
| CY2016Q4 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
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|
57000 | |
| CY2016Q4 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
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|
1610000 | |
| CY2016Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
748984000 | |
| CY2017Q3 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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|
747060000 | |
| CY2017Q3 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
|
51681000 | |
| CY2017Q3 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
746249000 | |
| CY2017Q3 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
51543000 |
