2014 Q1 Form 10-K Financial Statement

#000119312514089045 Filed on March 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 2012 Q4
Revenue $7.979M $30.65M $2.184M
YoY Change 871.86% 305.45% 187.37%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.260M $15.10M $3.820M
YoY Change 17.36% 21.77% 33.57%
% of Gross Profit
Research & Development $12.49M $49.45M $9.860M
YoY Change 27.01% 38.74% 14.65%
% of Gross Profit
Depreciation & Amortization $105.0K $433.0K $130.0K
YoY Change -15.32% -26.73% -43.48%
% of Gross Profit
Operating Expenses $12.49M $64.54M $13.67M
YoY Change 27.01% 81.08% 19.28%
Operating Profit -$8.770M -$33.89M
YoY Change -30.66% -16.22%
Interest Expense $30.00K $0.00 $30.00K
YoY Change 0.0% -100.0% 50.0%
% of Operating Profit
Other Income/Expense, Net $26.00K $177.0K $0.00
YoY Change -7.14% 103.45%
Pretax Income -$8.744M -$33.72M -$11.46M
YoY Change -30.71% -16.48% -3.54%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$8.744M -$33.72M -$11.46M
YoY Change -30.71% -16.48% -3.58%
Net Earnings / Revenue -109.59% -110.01% -524.5%
Basic Earnings Per Share
Diluted Earnings Per Share -$264.9K -$1.234M -$480.5K
COMMON SHARES
Basic Shares Outstanding 36.08M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.35M $77.70M $74.00M
YoY Change 33.68% 5.0% 51.02%
Cash & Equivalents $13.26M $20.20M $14.91M
Short-Term Investments $69.09M $57.60M $59.09M
Other Short-Term Assets $1.592M $1.400M $2.423M
YoY Change -6.35% -36.36% 15.38%
Inventory
Prepaid Expenses
Receivables $2.100M $0.00 $0.00
Other Receivables $0.00 $200.0K $200.0K
Total Short-Term Assets $86.05M $79.30M $76.43M
YoY Change 35.09% 3.8% 49.56%
LONG-TERM ASSETS
Property, Plant & Equipment $1.508M $1.200M $997.0K
YoY Change 67.56% 20.0% -23.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $19.50M $2.500M $0.00
YoY Change
Other Assets $200.0K $100.0K $127.0K
YoY Change 100.0% 0.0% -57.67%
Total Long-Term Assets $21.22M $3.900M $1.124M
YoY Change 2022.3% 225.0% -33.88%
TOTAL ASSETS
Total Short-Term Assets $86.05M $79.30M $76.43M
Total Long-Term Assets $21.22M $3.900M $1.124M
Total Assets $107.3M $83.20M $77.55M
YoY Change 65.81% 7.22% 46.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.689M $3.700M $2.002M
YoY Change 53.55% 85.0% 66.83%
Accrued Expenses $7.678M $8.300M $4.877M
YoY Change 63.36% 69.39% 52.41%
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 $19.79M $26.70M $7.105M
YoY Change 241.24% 276.06% 54.46%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.300M $2.000M $400.0K
YoY Change 225.0% 400.0%
Total Long-Term Liabilities $1.300M $2.000M $400.0K
YoY Change 225.0% 400.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.79M $26.70M $7.105M
Total Long-Term Liabilities $1.300M $2.000M $400.0K
Total Liabilities $21.10M $28.70M $7.466M
YoY Change 234.9% 282.67% 62.3%
SHAREHOLDERS EQUITY
Retained Earnings -$491.3M -$448.9M
YoY Change
Common Stock $36.00K $24.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $86.18M $54.40M $70.09M
YoY Change
Total Liabilities & Shareholders Equity $107.3M $83.20M $77.55M
YoY Change 65.81% 7.22% 46.88%

Cashflow Statement

Concept 2014 Q1 2013 2012 Q4
OPERATING ACTIVITIES
Net Income -$8.744M -$33.72M -$11.46M
YoY Change -30.71% -16.48% -3.58%
Depreciation, Depletion And Amortization $105.0K $433.0K $130.0K
YoY Change -15.32% -26.73% -43.48%
Cash From Operating Activities -$17.82M -$7.718M -$7.130M
YoY Change 45.82% -76.92% -34.89%
INVESTING ACTIVITIES
Capital Expenditures $333.0K $542.0K -$60.00K
YoY Change 88.14% 333.6% 200.0%
Acquisitions
YoY Change
Other Investing Activities -$28.53M -$980.0K $6.680M
YoY Change -367.89% -96.58% -24.18%
Cash From Investing Activities -$28.86M -$1.519M $6.610M
YoY Change -375.64% -94.73% -24.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $39.87M $7.450M
YoY Change -82.94%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 39.78M 14.49M 30.00K
YoY Change 795500.0% -75.16% -98.74%
NET CHANGE
Cash From Operating Activities -17.82M -7.718M -7.130M
Cash From Investing Activities -28.86M -1.519M 6.610M
Cash From Financing Activities 39.78M 14.49M 30.00K
Net Change In Cash -6.902M 5.251M -490.0K
YoY Change 295.08% -233.75% -313.04%
FREE CASH FLOW
Cash From Operating Activities -$17.82M -$7.718M -$7.130M
Capital Expenditures $333.0K $542.0K -$60.00K
Free Cash Flow -$18.16M -$8.260M -$7.070M
YoY Change 46.42% -75.39% -35.32%

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As of the effective time of the reverse stock split, every six shares of the Company's issued and outstanding common stock were converted into one issued and outstanding share of common stock, without any change in par value per share.
CY2013Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
1 pure
CY2010 cytk Period For Potential Treatment
PeriodForPotentialTreatment
P3Y
CY2010 cytk Research Development Grant
ResearchDevelopmentGrant
2800000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
500000 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
425420 shares
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.34 pure
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00 pure
CY2011 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
11800000 shares
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
9.56
CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.01 pure
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-45595000
CY2011 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-4.30
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.56
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
425420 shares
CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.01 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
173568 shares
CY2011 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
6.00
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.06 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
22.63
CY2011 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.01 pure
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4584000 shares
CY2011 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
7.20
CY2011 us-gaap Revenues
Revenues
4000000
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
238000
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-47853000
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-3000
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1000
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-50717000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
CY2011 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
4427000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-47860000
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
17000
CY2011 us-gaap Investment Income Interest
InvestmentIncomeInterest
132000
CY2011 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
48025000
CY2011 us-gaap Profit Loss
ProfitLoss
-47860000
CY2011 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
833000
CY2011 us-gaap Revenue From Grants
RevenueFromGrants
1680000
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
-47964000
CY2011 us-gaap Interest And Other Income
InterestAndOtherIncome
143000
CY2011 us-gaap Interest Paid
InterestPaid
41000
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
104000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-47860000
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7000
CY2011 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
6127000
CY2011 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
53000
CY2011 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
18500000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-47860000
CY2011 us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-32000
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3069000
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
443000
CY2011 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-592000
CY2011 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
9329000
CY2011 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
13000
CY2011 us-gaap Costs And Expenses
CostsAndExpenses
51964000
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13590000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
21613000
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
CY2011 us-gaap Interest And Debt Expense
InterestAndDebtExpense
39000
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
3069000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1319000
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2990000
CY2011 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2266000
CY2011 us-gaap Interest Expense
InterestExpense
35000
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3000
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
CY2011 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
194000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
25301000
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
37182000
CY2011 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
12000
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1297000
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
CY2011 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
73174000
CY2011 us-gaap Restructuring Charges
RestructuringCharges
1192000
CY2011 us-gaap Depreciation
Depreciation
1300000
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3069000
CY2011 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
2857000
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
CY2011 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
162000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2011 cytk Adjustments To Additional Paid In Capital Issuance Of Convertible Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIssuanceOfConvertiblePreferredStock
9329000
CY2011 cytk Proceeds From Draw Down Of Committed Equity Financing Facilities And At Market Facility Net Of Issuance Costs
ProceedsFromDrawDownOfCommittedEquityFinancingFacilitiesAndAtMarketFacilityNetOfIssuanceCosts
2421000
CY2011 cytk Related Party Research And Development Revenue
RelatedPartyResearchAndDevelopmentRevenue
2054000
CY2011 cytk Stock Issued During Period Value Securities Purchase Agreement
StockIssuedDuringPeriodValueSecuritiesPurchaseAgreement
6127000
CY2011 cytk Effective Income Tax Rate Reconciliation Net Operating Loss Expiration
EffectiveIncomeTaxRateReconciliationNetOperatingLossExpiration
0.00 pure
CY2011 cytk Research And Development Grant And Other Revenues
ResearchAndDevelopmentGrantAndOtherRevenues
1946000
CY2011 cytk Warrant Expense
WarrantExpense
CY2011 cytk Shares Available For Grant Of Options Or Awards Options Forfeited Expired
SharesAvailableForGrantOfOptionsOrAwardsOptionsForfeitedExpired
173569 shares
CY2011 cytk Proceeds From Other Issuances Of Common Stock And Warrants Net Of Issuance Costs
ProceedsFromOtherIssuancesOfCommonStockAndWarrantsNetOfIssuanceCosts
10696000
CY2011 cytk Issuance Of Common Stock Employee Stock Purchase Plan Price Per Share
IssuanceOfCommonStockEmployeeStockPurchasePlanPricePerShare
6.66
CY2011 cytk Share Based Compensation Arrangement By Share Based Payment Shares Available For Grant Award Options Exercised In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentSharesAvailableForGrantAwardOptionsExercisedInPeriodGross
shares
CY2011 cytk Effective Income Tax Rate Reconciliation Deferred Tax Assets Utilized Not Benefited
EffectiveIncomeTaxRateReconciliationDeferredTaxAssetsUtilizedNotBenefited
0.39 pure
CY2011 cytk Issuance Cost Of Warrant
IssuanceCostOfWarrant
38000
CY2011 cytk Effective Income Tax Rate Reconciliation State Apportionment
EffectiveIncomeTaxRateReconciliationStateApportionment
0.00 pure
CY2013 dei Trading Symbol
TradingSymbol
CYTK
CY2013 dei Entity Registrant Name
EntityRegistrantName
CYTOKINETICS INC
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001061983
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
2000000 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.34 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
797629 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y8M1D
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00 pure
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
27275000 shares
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.95
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.01 pure
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7718000
CY2013 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.24
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.32
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
797629 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.14 pure
CY2013 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segment
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
117394 shares
CY2013 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
4.02
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y7M6D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y7M24D
CY2013 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0px; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: medium 'Times New Roman'; MARGIN-LEFT: 24px; MARGIN-TOP: 18px; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b><i><font style="FONT-FAMILY: 'Times New Roman'" size="2"><b><i>Concentration of Credit Risk and Other Risks and Uncertainties</i></b></font></i></b></p> <p style="MARGIN-BOTTOM: 0px; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: medium 'Times New Roman'; MARGIN-TOP: 6px; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px" align="justify"><font style="FONT-FAMILY: 'Times New Roman'" size="2">Financial instruments that potentially subject the Company to concentrations of risk consist principally of cash and cash equivalents, investments and accounts receivable. The Company&#x2019;s cash, cash equivalents and investments are invested in deposits with three major financial institutions in the U.S.&#xA0;Deposits in these banks may exceed the amount of insurance provided on such deposits. The Company has not experienced any realized losses on its deposits of cash, cash equivalents or investments.</font></p> <p style="MARGIN-BOTTOM: 0px; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: medium 'Times New Roman'; MARGIN-TOP: 12px; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px" align="justify"><font style="FONT-FAMILY: 'Times New Roman'" size="2">The economic turmoil in the United States in recent years, the extraordinary volatility in the stock markets and other current negative macroeconomic indicators could negatively impact the Company&#x2019;s ability to raise the funds necessary to support its business and may materially adversely affect its business, operating results and financial condition.</font></p> <p style="MARGIN-BOTTOM: 0px; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: medium 'Times New Roman'; MARGIN-TOP: 12px; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px" align="justify"><font style="FONT-FAMILY: 'Times New Roman'" size="2">The Company performs an ongoing credit evaluation of its strategic partners&#x2019; financial conditions and generally does not require collateral to secure accounts receivable from its strategic partners. The Company&#x2019;s exposure to credit risk associated with non-payment will be affected principally by conditions or occurrences within Amgen Inc. (&#x201C;Amgen&#x201D;) and Astellas Pharma Inc. (&#x201C;Astellas&#x201D;), its strategic partners. Approximately 63%, 55% and 51% of total revenues for the years ended December&#xA0;31, 2013, 2012 and 2011, respectively, were derived from Amgen. Accounts receivable due from Amgen were zero at December&#xA0;31, 2013 and 2012. See also Note&#xA0;7, &#x201C;Related Party Transactions,&#x201D; regarding the collaboration agreement with Amgen. Approximately 34% of total revenues for the year ended December&#xA0;31, 2013 was derived from Astellas. Accounts receivable due from Astellas were zero at December&#xA0;31, 2013. See also Note&#xA0;8, &#x201C;Other Research and Development Revenue Arrangements&#x201D; regarding collaboration agreement with Astellas.</font></p> <p style="MARGIN-BOTTOM: 0px; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: medium 'Times New Roman'; MARGIN-TOP: 12px; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px" align="justify"><font style="FONT-FAMILY: 'Times New Roman'" size="2">Drug candidates developed by the Company may require approvals or clearances from the U.S.&#xA0;Food and Drug Administration (&#x201C;FDA&#x201D;) or international regulatory agencies prior to commercialized sales. There can be no assurance that the Company&#x2019;s drug candidates will receive any of the required approvals or clearances. If the Company was to be denied approval or clearance or any such approval or clearance was to be delayed, it would have a material adverse impact on the Company.</font></p> <p style="MARGIN-BOTTOM: 0px; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: medium 'Times New Roman'; MARGIN-TOP: 12px; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px" align="justify"><font style="FONT-FAMILY: 'Times New Roman'" size="2">The Company&#x2019;s operations and employees are located in the United States. In the year ended December&#xA0;31, 2013, 66% of the Company&#x2019;s revenues were received from entities located in the United States and 34% were received from a Japanese entity. In the years ended 2012 and 2011, all of the Company&#x2019;s revenues were received from entities located in the United States or from United States affiliates of foreign corporations.</font></p> </div>
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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12.55
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.02 pure
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10200000 shares
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2%; MARGIN-TOP: 18pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> </div>
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-623000
CY2013 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
11.10
CY2013 us-gaap Revenues
Revenues
30648000
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-818000
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-33728000
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
79000
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1000
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-33717000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-33717000
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
114000
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
792000
CY2013 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
79434000
CY2013 us-gaap Profit Loss
ProfitLoss
-33717000
CY2013 us-gaap Revenue From Grants
RevenueFromGrants
94000
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-33894000
CY2013 us-gaap Interest And Other Income
InterestAndOtherIncome
98000
CY2013 us-gaap Payments Of Stock Issuance Costs
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4000000
CY2013 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
13700000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-33717000
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
177000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-33717000
CY2013 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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78444000
CY2013 us-gaap Depreciation
Depreciation
400000
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3597000
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
CY2013 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1656000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2013 cytk Issuance Of Common Stock To Related Party For Cash Per Share
IssuanceOfCommonStockToRelatedPartyForCashPerShare
7.12
CY2013 cytk Noncash Or Part Noncash Acquisition Fixed Assets Acquired Through Accrued Liabilities
NoncashOrPartNoncashAcquisitionFixedAssetsAcquiredThroughAccruedLiabilities
-2000
CY2013 cytk Non Cancelable Lease Expiration Year
NonCancelableLeaseExpirationYear
2018
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-11000
CY2013 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
55000
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3597000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
542000
CY2013 us-gaap License And Services Revenue
LicenseAndServicesRevenue
3852000
CY2013 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
193000
CY2013 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
60000000
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
64542000
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15092000
CY2013 us-gaap Adjustments To Additional Paid In Capital Stock Split
AdjustmentsToAdditionalPaidInCapitalStockSplit
139000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14488000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
16201000
CY2013 us-gaap Interest And Debt Expense
InterestAndDebtExpense
-79000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
3597000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
5251000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
CY2013 us-gaap Operating Leases Rent Expense Net
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