2019 Q1 Form 10-K Financial Statement

#000156459019006580 Filed on March 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 2017 Q4
Revenue $8.464M $31.50M -$18.00K
YoY Change 60.67% 135.64% -100.05%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $9.440M $31.30M $10.26M
YoY Change 1.94% -14.25% 53.82%
% of Gross Profit
Research & Development $23.55M $89.14M $26.25M
YoY Change 6.37% -1.29% 39.78%
% of Gross Profit
Depreciation & Amortization $286.0K $1.239M $610.0K
YoY Change -57.5% -35.47% 177.27%
% of Gross Profit
Operating Expenses $23.55M $120.4M $36.51M
YoY Change -25.01% -5.03% 43.46%
Operating Profit -$24.52M -$88.92M
YoY Change -6.17% -21.59%
Interest Expense $1.170M $3.797M -$3.960M
YoY Change 35.57% 25.9% 647.17%
% of Operating Profit
Other Income/Expense, Net $1.141M $4.191M
YoY Change 35.51% 61.07%
Pretax Income -$29.37M -$106.3M -$40.49M
YoY Change -3.01% -16.83% -665.5%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$29.37M -$106.3M -$40.48M
YoY Change -3.02% -16.83% -665.66%
Net Earnings / Revenue -346.95% -337.41%
Basic Earnings Per Share
Diluted Earnings Per Share -$535.8K -$1.954M -$806.6K
COMMON SHARES
Basic Shares Outstanding 54.89M
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $176.6M $198.7M $268.9M
YoY Change -29.78% -26.11% 72.09%
Cash & Equivalents $39.41M $42.30M $125.2M
Short-Term Investments $137.2M $156.5M $143.7M
Other Short-Term Assets $3.100M $2.200M $4.300M
YoY Change 34.78% -48.84% 95.45%
Inventory
Prepaid Expenses
Receivables $6.600M $6.800M $1.112M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $186.4M $207.7M $274.3M
YoY Change -31.55% -24.28% 72.91%
LONG-TERM ASSETS
Property, Plant & Equipment $3.200M $3.200M $3.568M
YoY Change 0.0% -11.11% -1.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $16.50M
YoY Change -100.0% 114.29%
Other Assets $9.000M $300.0K $429.0K
YoY Change 2150.0% -25.0% 114.5%
Total Long-Term Assets $12.20M $3.500M $20.52M
YoY Change 60.53% -82.93% 78.25%
TOTAL ASSETS
Total Short-Term Assets $186.4M $207.7M $274.3M
Total Long-Term Assets $12.20M $3.500M $20.52M
Total Assets $198.6M $211.2M $294.8M
YoY Change -29.05% -28.36% 73.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.500M $3.800M $5.253M
YoY Change 4.17% -28.3% 24.01%
Accrued Expenses $17.40M $15.80M $17.39M
YoY Change 12.26% -9.2% -3.63%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.200M $2.600M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $26.30M $22.20M $32.44M
YoY Change -31.77% -31.48% -2.45%
LONG-TERM LIABILITIES
Long-Term Debt $36.40M $39.80M $31.78M
YoY Change 13.91% 25.16% 16.05%
Other Long-Term Liabilities $132.6M $123.2M $1.097M
YoY Change 12711.59% 2.07% 672.54%
Total Long-Term Liabilities $169.0M $163.0M $32.87M
YoY Change 412.29% 6.89% 19.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.30M $22.20M $32.44M
Total Long-Term Liabilities $169.0M $163.0M $32.87M
Total Liabilities $195.2M $185.2M $185.0M
YoY Change 8.25% 0.11% 144.08%
SHAREHOLDERS EQUITY
Retained Earnings -$646.1M
YoY Change 24.66%
Common Stock $755.6M
YoY Change 23.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.372M $25.90M $109.8M
YoY Change
Total Liabilities & Shareholders Equity $198.6M $211.2M $294.8M
YoY Change -29.05% -28.36% 73.27%

Cashflow Statement

Concept 2019 Q1 2018 2017 Q4
OPERATING ACTIVITIES
Net Income -$29.37M -$106.3M -$40.48M
YoY Change -3.02% -16.83% -665.66%
Depreciation, Depletion And Amortization $286.0K $1.239M $610.0K
YoY Change -57.5% -35.47% 177.27%
Cash From Operating Activities -$26.91M -$101.2M -$24.07M
YoY Change -9.73% -0.53% -130.93%
INVESTING ACTIVITIES
Capital Expenditures $257.0K $889.0K -$780.0K
YoY Change -1.53% -69.1% -9.3%
Acquisitions
YoY Change
Other Investing Activities $19.90M $6.020M $31.54M
YoY Change -2.45% -109.56% -176.7%
Cash From Investing Activities $19.64M $5.133M $30.76M
YoY Change -2.44% -107.8% -173.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.117M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.416M 13.13M 2.190M
YoY Change -949.23% -94.19% 208.45%
NET CHANGE
Cash From Operating Activities -26.91M -101.2M -24.07M
Cash From Investing Activities 19.64M 5.133M 30.76M
Cash From Financing Activities 4.416M 13.13M 2.190M
Net Change In Cash -2.847M -82.95M 8.880M
YoY Change -70.56% -242.2% -75.72%
FREE CASH FLOW
Cash From Operating Activities -$26.91M -$101.2M -$24.07M
Capital Expenditures $257.0K $889.0K -$780.0K
Free Cash Flow -$27.16M -$102.1M -$23.29M
YoY Change -9.66% -2.42% -129.6%

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<p style="margin-top:12pt;margin-bottom:0pt;margin-left:2.27%;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;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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>
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<p style="margin-top:12pt;margin-bottom:0pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentration of Credit Risk and Other Risks and Uncertainties</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject us to concentrations of risk consist principally of cash and cash equivalents, investments, long-term debt and accounts receivable.</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our cash, cash equivalents and investments are invested in deposits with two major financial institutions in the United States.&#160;Deposits in these banks may exceed the amount of insurance provided on such deposits. </p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our exposure to credit risk associated with non-payment is limited to our strategic partners Amgen Inc. (&#8220;Amgen&#8221;) and Astellas Pharma Inc. (&#8220;Astellas&#8221;) and any material non-payment from our partners would result in a material breach of the agreements underlying our strategic partnerships. </p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Drug candidates we develop may require approvals or clearances from the U.S.&#160;Food and Drug Administration (&#8220;FDA&#8221;) or other regulatory agencies prior to commercial sales. There can be no assurance that our drug candidates will receive any of the required approvals or clearances. If we were to be denied approval, or clearance or any such approval or clearance was to be delayed, it would have a material adverse impact on us.</p>
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
26194000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
23861000
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
22626000
CY2018 us-gaap Depreciation
Depreciation
1200000
CY2017 us-gaap Depreciation
Depreciation
1900000
CY2018Q4 cytk Accrued Clinical And Preclinical Costs Current
AccruedClinicalAndPreclinicalCostsCurrent
8618000
CY2017Q4 cytk Accrued Clinical And Preclinical Costs Current
AccruedClinicalAndPreclinicalCostsCurrent
8370000
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6118000
CY2018Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
198700000
CY2017Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
285400000
CY2018 cytk Cash Requirements Term
CashRequirementsTerm
P12M
CY2018Q4 cytk Number Of Financial Institutions
NumberOfFinancialInstitutions
2
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6246000
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6534000
CY2018Q4 cytk Cash And Cash Equivalents And Available For Sale Debt Securities Amortized Cost Basis
CashAndCashEquivalentsAndAvailableForSaleDebtSecuritiesAmortizedCostBasis
190654000
CY2018Q4 cytk Cash And Cash Equivalents And Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
CashAndCashEquivalentsAndAvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3000
CY2018Q4 cytk Cash And Cash Equivalents And Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
CashAndCashEquivalentsAndAvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
76000
CY2018Q4 cytk Cash And Cash Equivalents And Available For Sale Securities Debt Securities
CashAndCashEquivalentsAndAvailableForSaleSecuritiesDebtSecurities
190581000
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
700000
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0
CY2018Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
42100000
CY2017Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
31800000
CY2018Q4 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2018Q4 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
27065000
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6261000
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1021000
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2761000
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
500000
CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
500000
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
42000000
CY2017Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
32000000
CY2018Q4 cytk Debt Instrument Unamortized Discount And Interest Payable
DebtInstrumentUnamortizedDiscountAndInterestPayable
135000
CY2017Q4 cytk Debt Instrument Unamortized Discount And Interest Payable
DebtInstrumentUnamortizedDiscountAndInterestPayable
325000
CY2018Q4 cytk Debt Instrument Accretion Of Final Exit Fee
DebtInstrumentAccretionOfFinalExitFee
548000
CY2017Q4 cytk Debt Instrument Accretion Of Final Exit Fee
DebtInstrumentAccretionOfFinalExitFee
102000
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
42413000
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
31777000
CY2018 cytk Royalty Purchase Agreement Arrangements Consideration
RoyaltyPurchaseAgreementArrangementsConsideration
100000000
CY2017 cytk Royalty Purchase Agreement Arrangements Consideration
RoyaltyPurchaseAgreementArrangementsConsideration
0
CY2018 cytk Transaction Costs Incurred In Connection With Royalty Monetization And Rpi Common Stock
TransactionCostsIncurredInConnectionWithRoyaltyMonetizationAndRpiCommonStock
1800000
CY2018 cytk Non Cancelable Lease Expiration Month And Year
NonCancelableLeaseExpirationMonthAndYear
2021-06
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3400000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5000000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3600000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
4700000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
4800000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2500000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5957458
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
1804047
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
884649
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6454037
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4461463
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.19
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.04
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
7.51
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
11.06
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.72
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
8.72
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y7M6D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y8M12D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
412000
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
411000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9761000
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9028000
CY2018Q3 cytk Issuance Of Warrants
IssuanceOfWarrants
42253
CY2018Q3 cytk Class Of Warrant Or Right Weighted Average Exercise Price
ClassOfWarrantOrRightWeightedAverageExercisePrice
7.10
CY2018Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
142359
CY2018Q4 cytk Class Of Warrant Or Right Outstanding Weighted Average Exercise Price
ClassOfWarrantOrRightOutstandingWeightedAverageExercisePrice
6.85
CY2017 cytk Warrant Expiration Period
WarrantExpirationPeriod
2017-06
CY2017 cytk Number Of Issued Shares Of Common Stock Related To Cashless Exercise Of Warrants
NumberOfIssuedSharesOfCommonStockRelatedToCashlessExerciseOfWarrants
3450122
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.01
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.08
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.00
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.51
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.17
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.10
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.01
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.00
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.03
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.01
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-106289000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-127235000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
0
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-555000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-106289000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-127790000
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
121748000
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
98630000
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
64797000
CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
64185000
CY2018Q4 cytk Deferred Tax Assets Liability Related To Sale Of Future Royalties
DeferredTaxAssetsLiabilityRelatedToSaleOfFutureRoyalties
26294000
CY2017Q4 cytk Deferred Tax Assets Liability Related To Sale Of Future Royalties
DeferredTaxAssetsLiabilityRelatedToSaleOfFutureRoyalties
24593000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
5772000
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
10524000
CY2018Q4 cytk Deferred Tax Assets Capitalized Research And Development
DeferredTaxAssetsCapitalizedResearchAndDevelopment
4614000
CY2017Q4 cytk Deferred Tax Assets Capitalized Research And Development
DeferredTaxAssetsCapitalizedResearchAndDevelopment
6432000
CY2018Q4 cytk Deferred Tax Assets Depreciation And Amortization
DeferredTaxAssetsDepreciationAndAmortization
586000
CY2017Q4 cytk Deferred Tax Assets Depreciation And Amortization
DeferredTaxAssetsDepreciationAndAmortization
546000
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
223811000
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
204910000
CY2018Q4 cytk Deferred Tax Liabilities Accounting Method Change
DeferredTaxLiabilitiesAccountingMethodChange
2682000
CY2017Q4 cytk Deferred Tax Liabilities Accounting Method Change
DeferredTaxLiabilitiesAccountingMethodChange
0
CY2018Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
20000
CY2017Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
0
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2702000
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
0
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
221109000
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
204910000
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2017Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2018 cytk Research And Development Federal Tax Credit Carryforwards Expiration Date Year
ResearchAndDevelopmentFederalTaxCreditCarryforwardsExpirationDateYear
2021
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
16200000
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-11700000
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
9365000
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7565000
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
110000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1800000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
9475000
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
8600000
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
8100000
CY2018 cytk Tax Cuts And Jobs Act Of2017 Maximum Measurement Period Allowed For Companies To Complete Accounting
TaxCutsAndJobsActOf2017MaximumMeasurementPeriodAllowedForCompaniesToCompleteAccounting
P1Y

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