2017 Q1 Form 10-Q Financial Statement

#000156459018011469 Filed on May 08, 2018

View on sec.gov

Income Statement

Concept 2017 Q1
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.620M
YoY Change 48.36%
% of Gross Profit
Research & Development $17.54M
YoY Change 55.95%
% of Gross Profit
Depreciation & Amortization $210.0K
YoY Change 1300.0%
% of Gross Profit
Operating Expenses $26.16M
YoY Change 53.34%
Operating Profit -$26.16M
YoY Change 53.34%
Interest Expense $510.0K
YoY Change 2.0%
% of Operating Profit
Other Income/Expense, Net $509.0K
YoY Change 1.19%
Pretax Income -$25.65M
YoY Change 54.92%
Income Tax $2.000K
% Of Pretax Income
Net Earnings -$25.65M
YoY Change 54.88%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$882.7K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $230.6M
YoY Change -24.74%
Cash & Equivalents $63.82M
Short-Term Investments $168.2M
Other Short-Term Assets $4.700M
YoY Change -11.32%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $235.3M
YoY Change -24.52%
LONG-TERM ASSETS
Property, Plant & Equipment $4.400M
YoY Change 283.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.000M
YoY Change 2147.19%
Total Long-Term Assets $6.400M
YoY Change 417.38%
TOTAL ASSETS
Total Short-Term Assets $235.3M
Total Long-Term Assets $6.400M
Total Assets $241.7M
YoY Change -22.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.200M
YoY Change 16.03%
Accrued Expenses $4.700M
YoY Change -18.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.800M
YoY Change -11.96%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $800.0K
YoY Change 166.67%
Total Long-Term Liabilities $800.0K
YoY Change 181.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.800M
Total Long-Term Liabilities $800.0K
Total Liabilities $8.600M
YoY Change -5.95%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $233.1M
YoY Change
Total Liabilities & Shareholders Equity $241.7M
YoY Change -22.78%

Cashflow Statement

Concept 2017 Q1
OPERATING ACTIVITIES
Net Income -$25.65M
YoY Change 54.88%
Depreciation, Depletion And Amortization $210.0K
YoY Change 1300.0%
Cash From Operating Activities -$22.03M
YoY Change 76.38%
INVESTING ACTIVITIES
Capital Expenditures $1.206M
YoY Change 35.35%
Acquisitions
YoY Change
Other Investing Activities $38.03M
YoY Change 223.66%
Cash From Investing Activities $36.82M
YoY Change 239.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -330.0K
YoY Change 1550.0%
NET CHANGE
Cash From Operating Activities -22.03M
Cash From Investing Activities 36.82M
Cash From Financing Activities -330.0K
Net Change In Cash 14.46M
YoY Change -976.36%
FREE CASH FLOW
Cash From Operating Activities -$22.03M
Capital Expenditures $1.206M
Free Cash Flow -$23.24M
YoY Change 73.65%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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OperatingExpenses
26161000
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2017Q1 us-gaap Other Nonoperating Income Expense
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CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-25652000
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2000
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2017Q1 us-gaap Payments To Acquire Short Term Investments
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CY2017Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
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CY2017Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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80617000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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48162000
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2017Q1 us-gaap Proceeds From Sale Of Short Term Investments
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27456000
CY2017Q1 us-gaap Proceeds From Issuance Of Common Stock
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0
CY2017Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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CY2017Q1 us-gaap Share Based Compensation
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5347000
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-301000
CY2018Q1 us-gaap Depreciation And Amortization
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333000
CY2017Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
206000
CY2018Q1 us-gaap Paid In Kind Interest
PaidInKindInterest
64000
CY2017Q1 us-gaap Paid In Kind Interest
PaidInKindInterest
0
CY2017Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-199000
CY2017Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
718000
CY2017Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-466000
CY2017Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1136000
CY2017Q1 atra Increase Decrease In Accrued Research And Development
IncreaseDecreaseInAccruedResearchAndDevelopment
-302000
CY2018Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
544000
CY2017Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
179000
CY2017Q1 atra Increase Decrease In Long Term Liabilities
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10000
CY2018Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
6186000
CY2018Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3364000
CY2017Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
326000
CY2018Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
101000
CY2017Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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296011000
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-326000
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
11272000
CY2017Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
63824000
CY2018Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2017Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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207000
CY2017Q1 us-gaap Capital Lease Obligations Incurred
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CY2018Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
77000
CY2017Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0
CY2018Q1 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
88000
CY2017Q1 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
0
CY2018Q1 atra Receivable For Options Exercised
ReceivableForOptionsExercised
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CY2017Q1 atra Receivable For Options Exercised
ReceivableForOptionsExercised
0
CY2018Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2017Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
2000
CY2018Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Concentration of Credit Risk and Other Uncertainties </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">We place cash and cash equivalents in the custody of financial institutions that management believes are of high credit quality, the amount of which at times, may be in excess of the amount insured by the Federal Deposit Insurance Corporation. We also have short-term investments in money market funds, U.S. Treasury, government agency and corporate debt obligations, commercial paper and asset-backed securities, which can be subject to certain credit risk. However, we mitigate the risks by investing in high-grade instruments, limiting our exposure to any one issuer, and monitoring the ongoing creditworthiness of the financial institutions and issuers. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are subject to certain risks and uncertainties and believe that changes in any of the following areas could have a material adverse effect on future financial position or results of operations: our ability to obtain future financing; regulatory approval and market acceptance of, and reimbursement for, our product candidates, if approved; performance of third-party clinical research organizations and manufacturers upon which we rely; development of sales channels; protection of our intellectual property; litigation or claims against us based on intellectual property, patent, product, regulatory or other factors; and our ability to attract and retain employees necessary to support our growth. </p></div>
CY2018Q1 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, assumptions, and judgments that affect the amounts reported in the financial statements and accompanying notes. Significant estimates relied upon in preparing these financial statements include estimates related to clinical trial and other accruals, stock-based compensation expense, construction costs and income taxes. Actual results could differ materially from those estimates. </p></div>
CY2018Q1 dei Entity Incorporation State Country Name
EntityIncorporationStateCountryName
Delaware
CY2018Q1 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2012-08-01
CY2018Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7426647
CY2017Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5621741
CY2018Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
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CY2018Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
69745000
CY2018Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
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CY2018Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
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CY2018Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
69535000
CY2018Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
403309000
CY2018Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1400000
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2018Q1 us-gaap Property Plant And Equipment Gross
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CY2018Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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20.02
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32.72
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CY2018Q1 atra Cash Paid To Exercise Option Agreement
CashPaidToExerciseOptionAgreement
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CY2018Q1 atra Potential Milestone Payments Payable
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CY2018Q1 atra Due To Licensors Current And Noncurrent
DueToLicensorsCurrentAndNoncurrent
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CY2017Q1 atra Due To Licensors Current And Noncurrent
DueToLicensorsCurrentAndNoncurrent
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CY2018Q1 atra Accrued Termination Charges
AccruedTerminationCharges
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CY2018Q1 us-gaap Operating Leases Rent Expense Net
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CY2017Q1 us-gaap Operating Leases Rent Expense Net
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CY2018Q1 atra Ground Lease Expense
GroundLeaseExpense
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CY2017Q1 atra Ground Lease Expense
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CY2017Q4 us-gaap Asset Retirement Obligation
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CY2018Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
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CY2018Q1 us-gaap Asset Retirement Obligation
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CY2018Q1 atra Liabilities Related To Indemnification Agreements
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21.46
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CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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CY2018Q1 us-gaap Deferred Tax Expense From Stock Options Exercised
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CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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4200000
CY2018Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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