2013 Q2 Form 10-Q Financial Statement

#000119312513210998 Filed on May 09, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q1
Revenue $43.75K $43.75K $31.25K
YoY Change -8.7% 40.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.040M $1.790M $3.120M
YoY Change -60.84% -42.63% 95.0%
% of Gross Profit
Research & Development $1.757M $2.125M $1.359M
YoY Change 44.07% 56.4% 870.49%
% of Gross Profit
Depreciation & Amortization $454.1K $448.8K $423.9K
YoY Change 7.24% 5.85%
% of Gross Profit
Operating Expenses $6.434M $5.434M $4.900M
YoY Change -6.09% 10.9% 170.72%
Operating Profit -$6.390M -$5.390M -$4.869M
YoY Change -6.07% 10.71%
Interest Expense -$10.00K -$210.0K -$680.0K
YoY Change -101.11% -69.12% -194.44%
% of Operating Profit
Other Income/Expense, Net $212.2K -$1.549M -$714.9K
YoY Change -114.77% 116.74%
Pretax Income -$6.178M -$6.940M -$5.584M
YoY Change -25.03% 24.29% 412.26%
Income Tax
% Of Pretax Income
Net Earnings -$6.079M -$6.758M -$5.335M
YoY Change -23.93% 26.67% -283.34%
Net Earnings / Revenue -13894.88% -15446.71% -17072.75%
Basic Earnings Per Share -$0.41 -$0.50
Diluted Earnings Per Share -$232.7K -$410.7K -$500.9K
COMMON SHARES
Basic Shares Outstanding 31.31M shares 17.31M shares 10.66M
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.10M $3.300M $3.700M
YoY Change 1279.17% -10.81% -47.14%
Cash & Equivalents $29.03M $3.313M $3.595M
Short-Term Investments $4.100M $0.00 $100.0K
Other Short-Term Assets $1.100M $400.0K $500.0K
YoY Change 175.0% -20.0% 66.67%
Inventory
Prepaid Expenses
Receivables $0.00 $0.00 $0.00
Other Receivables $300.0K $0.00 $4.700M
Total Short-Term Assets $34.41M $3.740M $8.800M
YoY Change 483.24% -57.5% 2.33%
LONG-TERM ASSETS
Property, Plant & Equipment $3.793M $4.013M $6.700M
YoY Change -29.75% -40.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00 $1.800M
YoY Change -100.0% -100.0% -30.77%
Other Assets $3.284M $4.666M $0.00
YoY Change
Total Long-Term Assets $7.077M $8.679M $11.30M
YoY Change -33.23% -23.19% 71.21%
TOTAL ASSETS
Total Short-Term Assets $34.41M $3.740M $8.800M
Total Long-Term Assets $7.077M $8.679M $11.30M
Total Assets $41.49M $12.42M $20.10M
YoY Change 151.45% -38.21% 32.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.062M $871.7K $800.0K
YoY Change 6.19% 8.96% 300.0%
Accrued Expenses $706.1K $823.5K $3.500M
YoY Change -66.38% -76.47% 483.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.100M $1.100M $200.0K
YoY Change 450.0% 450.0%
Total Short-Term Liabilities $6.678M $7.164M $6.400M
YoY Change 15.14% 11.94% 156.0%
LONG-TERM LIABILITIES
Long-Term Debt $1.200M $1.200M $2.100M
YoY Change -42.86% -42.86% 320.0%
Other Long-Term Liabilities $337.6K $272.2K $0.00
YoY Change 237.59%
Total Long-Term Liabilities $1.505M $1.495M $2.100M
YoY Change -31.61% -28.82% 320.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.678M $7.164M $6.400M
Total Long-Term Liabilities $1.505M $1.495M $2.100M
Total Liabilities $8.183M $8.659M $7.800M
YoY Change 15.25% 11.01% 143.75%
SHAREHOLDERS EQUITY
Retained Earnings -$152.4M -$146.4M
YoY Change
Common Stock $187.4M $151.7M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $34.96M $5.313M $12.20M
YoY Change
Total Liabilities & Shareholders Equity $41.49M $12.42M $20.10M
YoY Change 151.45% -38.21% 32.24%

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$6.079M -$6.758M -$5.335M
YoY Change -23.93% 26.67% -283.34%
Depreciation, Depletion And Amortization $454.1K $448.8K $423.9K
YoY Change 7.24% 5.85%
Cash From Operating Activities -$5.300M -$4.500M -$4.200M
YoY Change 35.9% 7.14% 223.08%
INVESTING ACTIVITIES
Capital Expenditures -$200.0K $0.00 -$200.0K
YoY Change 100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$4.100M $1.200M $0.00
YoY Change -4200.0% -100.0%
Cash From Investing Activities -$4.300M $1.200M -$200.0K
YoY Change -700.0% -81.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $35.40M $3.500M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 35.30M 3.700M 1.200M
YoY Change 1207.41% 208.33% -33.33%
NET CHANGE
Cash From Operating Activities -5.300M -4.500M -4.200M
Cash From Investing Activities -4.300M 1.200M -200.0K
Cash From Financing Activities 35.30M 3.700M 1.200M
Net Change In Cash 25.70M 400.0K -3.200M
YoY Change -2241.67% -112.5% 433.33%
FREE CASH FLOW
Cash From Operating Activities -$5.300M -$4.500M -$4.200M
Capital Expenditures -$200.0K $0.00 -$200.0K
Free Cash Flow -$5.100M -$4.500M -$4.000M
YoY Change 34.21% 12.5% 207.69%

Facts In Submission

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730775
CY2012Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4895652
CY2012Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2012Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13579185 shares
CY2012Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
106500
CY2012Q3 us-gaap Assets Current
AssetsCurrent
6567336
CY2012Q3 us-gaap Business Acquisition Purchase Price Allocation Preacquisition Contingency Accrual
BusinessAcquisitionPurchasePriceAllocationPreacquisitionContingencyAccrual
173621
CY2012Q3 us-gaap Other Receivables
OtherReceivables
9930
CY2012Q3 us-gaap Business Acquisition Contingent Consideration At Fair Value
BusinessAcquisitionContingentConsiderationAtFairValue
173621
CY2012Q3 us-gaap Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
1016000
CY2012Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2012Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1565783
CY2012Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
2446113
CY2012Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
145917968
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
10012642
CY2012Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1667247
CY2012Q3 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
1282458
CY2012Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
269142
CY2012Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
877986
CY2012Q3 arwr Indefinite Lived Intangible Assets Accumulated Amortization
IndefiniteLivedIntangibleAssetsAccumulatedAmortization
0
CY2012Q3 arwr Business Acquisition Net Change In Fair Value Of Contingent Consideration
BusinessAcquisitionNetChangeInFairValueOfContingentConsideration
CY2012Q3 arwr Research Equipment
ResearchEquipment
3319027
CY2012Q3 arwr Finite And Indefinite Lived Intangible Assets Net Ending Balance
FiniteAndIndefiniteLivedIntangibleAssetsNetEndingBalance
4784569
dei Trading Symbol
TradingSymbol
ARWR
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
dei Entity Central Index Key
EntityCentralIndexKey
0000879407
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
26516
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-354
us-gaap Utilities Costs
UtilitiesCosts
16000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
214318
us-gaap Profit Loss
ProfitLoss
-11720745
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
dei Entity Registrant Name
EntityRegistrantName
ARROWHEAD RESEARCH CORP
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
898362
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
79000 shares
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3701685
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y8M12D
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2013-11-26
us-gaap Interest Paid
InterestPaid
21828
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
15272703 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
us-gaap Share Based Compensation
ShareBasedCompensation
750782
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.20
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-8304350
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-63805
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-191733
us-gaap Proceeds From Collection Of Other Receivables
ProceedsFromCollectionOfOtherReceivables
1600000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
1258167
us-gaap Operating Income Loss
OperatingIncomeLoss
-10200308
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-354
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
750782
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
Company effected a 1 for 10 reverse stock split
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.74
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y9M18D
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
1160181
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
6982732
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
106595
us-gaap Net Income Loss
NetIncomeLoss
-11372095
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1520083
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-9375
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.0
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-11720391
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1697646
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
14873
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-348650
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.69 pure
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-20151
us-gaap Operating Expenses
OperatingExpenses
10403074
us-gaap Revenues
Revenues
202766
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
36931
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P12Y
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31468
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
244801
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-221169
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
7200000
us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
-221169
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
148230
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-354
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-36440
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
750782
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-11720391
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-1080
us-gaap Labor And Related Expense
LaborAndRelatedExpense
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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Use of Estimates</i></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 8%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the accompanying financial statements. Actual results could differ from those estimates.</font></p> </div>
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-354
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
199242
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7089327
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.74
us-gaap Debt Instrument Payment Terms
DebtInstrumentPaymentTerms
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us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-354
arwr Noncontrolling Interest
NoncontrollingInterest
348650
arwr Subscription Receivable
SubscriptionReceivable
16000
arwr Facility And Equipment Rent Expense
FacilityAndEquipmentRentExpense
281000
CY2004 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
15000
arwr Increase In Monthly Expenditure Due To Utilities Costs
IncreaseInMonthlyExpenditureDueToUtilitiesCosts
72000
arwr Obligation To Pay Royalties
ObligationToPayRoyalties
Later of (i) the expiration of the last to expire patent right related to such product candidate that was transferred in the Transaction and (ii) ten years after the first commercial sale of such product candidate.
arwr Other Rental Expenses
OtherRentalExpenses
13000
arwr Ownership Percentage In Subsidiary
OwnershipPercentageInSubsidiary
1.00 pure
arwr Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodFairValue
103293
arwr Term Of Exchange Rights
TermOfExchangeRights
P7Y
arwr Present Value Of Contingent Acquisition Consideration
PresentValueOfContingentAcquisitionConsideration
84935
arwr Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1279882
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
878391
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
837234
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-902
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
us-gaap Profit Loss
ProfitLoss
-8270913
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2127765
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.00 pure
us-gaap Cash Divested From Deconsolidation
CashDivestedFromDeconsolidation
-100035
us-gaap Interest Paid
InterestPaid
22853
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10390986 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
us-gaap Share Based Compensation
ShareBasedCompensation
421268
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-6862442
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3912277
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
185341
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
338332
us-gaap Operating Income Loss
OperatingIncomeLoss
-8907797
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-702
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.75
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
509009
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
2612735
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
91598
us-gaap Net Income Loss
NetIncomeLoss
-7820737
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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IncreaseDecreaseInReceivables
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-8270211
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-58091
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.90 pure
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2197824
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
12890
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
277240
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-170788
us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
-170788
us-gaap Operating Expenses
OperatingExpenses
8963005
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
6285
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
us-gaap Revenues
Revenues
55208
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-902
arwr Noncontrolling Interest
NoncontrollingInterest
450176
arwr Gain On Acquisition
GainOnAcquisition
1576107
arwr Facility And Equipment Rent Expense
FacilityAndEquipmentRentExpense
214000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-689048
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-450176
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-33484
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
486152
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8270211
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
698224
us-gaap Labor And Related Expense
LaborAndRelatedExpense
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us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-702
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
398787
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.79
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6528
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
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us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-702
arwr Proceeds From Sale Of Stock In Subsidiary
ProceedsFromSaleOfStockInSubsidiary
8000
arwr Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodFairValue
3505912
CY2011Q4 arwr Debt Instrument Due Date
DebtInstrumentDueDate
2014-10-17
CY2012Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2260869 shares
CY2012Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6200000
CY2012Q3 arwr Common Stock Exercise Price
CommonStockExercisePrice
3.25
CY2012Q3 arwr Common Stock Exchange For Warrants
CommonStockExchangeForWarrants
0.75 shares
CY2013Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
3300000
CY2013Q1 arwr Stock Issued During Period Shares New Issues By Way Of Public Offering
StockIssuedDuringPeriodSharesNewIssuesByWayOfPublicOffering
1667051 shares
CY2013Q1 arwr Unit Sold Description
UnitSoldDescription
Each unit consisted of one share of common stock and a warrant to purchase
CY2012Q4 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
3900000
CY2012Q4 arwr Stock Issued During Period Shares New Issues By Way Of Public Offering
StockIssuedDuringPeriodSharesNewIssuesByWayOfPublicOffering
1800000 shares
CY2012Q4 arwr Unit Sold Description
UnitSoldDescription
Each unit consisted of one share of Common Stock and a warrant to purchase
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Depreciation Depletion And Amortization
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us-gaap Net Cash Provided By Used In Discontinued Operations
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-46890516
us-gaap Research And Development In Process
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
359375
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
250000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3313483
us-gaap Impairment Of Investments
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1642775
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
378073
us-gaap Profit Loss
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us-gaap Income Taxes Paid
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742500
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
46320433
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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-1677000
us-gaap Cash Divested From Deconsolidation
CashDivestedFromDeconsolidation
1579365
us-gaap Interest Paid
InterestPaid
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-84182146
us-gaap Increase Decrease In Prepaid Expense
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-2071559
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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us-gaap Operating Income Loss
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us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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us-gaap Proceeds From Sale Maturity And Collections Of Investments
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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136457704
us-gaap Repayments Of Long Term Capital Lease Obligations
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303201
us-gaap Net Income Loss
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4880979
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-109415
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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10150000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Marketable Securities Gain Loss
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us-gaap General And Administrative Expense
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33050861
us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
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10529594
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2730293
us-gaap Operating Expenses
OperatingExpenses
131757921
us-gaap Revenues
Revenues
4341600
us-gaap Amortization Of Debt Discount Premium
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38383
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
3296277
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-19167935
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-50773
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
4708588
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4076777
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1184576
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
741632
us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
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