2013 Q4 Form 10-Q Financial Statement

#000110465913083298 Filed on November 12, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $320.0K $39.00K $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.610M $4.640M $5.000M
YoY Change 3.36% -7.2% 3.31%
% of Gross Profit
Research & Development $9.120M $10.11M $11.50M
YoY Change -17.47% -12.08% -16.13%
% of Gross Profit
Depreciation & Amortization $400.0K $430.0K $420.0K
YoY Change -6.98% 2.38% 10.53%
% of Gross Profit
Operating Expenses $14.12M $15.17M $16.92M
YoY Change -11.31% -10.3% -10.65%
Operating Profit -$15.14M -$16.92M
YoY Change -10.53% 28.8%
Interest Expense $40.00K $7.000K $19.00K
YoY Change -98.5% -63.16% -40.63%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change
Pretax Income -$15.75M -$14.59M -$16.29M
YoY Change 18.78% -10.44% 66.92%
Income Tax -$3.510M $0.00 $0.00
% Of Pretax Income
Net Earnings -$12.24M -$14.59M -$16.29M
YoY Change 22.19% -10.44% 66.92%
Net Earnings / Revenue -3824.06% -37407.69%
Basic Earnings Per Share
Diluted Earnings Per Share -$217.9K -$294.0K -$335.8K
COMMON SHARES
Basic Shares Outstanding 49.63M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.00M $60.50M $106.2M
YoY Change -17.26% -43.03% 52.81%
Cash & Equivalents $43.64M $30.05M $24.27M
Short-Term Investments $38.40M $30.40M $81.90M
Other Short-Term Assets $5.195M $1.700M $3.077M
YoY Change 128.85% -44.75% 2.57%
Inventory
Prepaid Expenses
Receivables $1.100M $2.100M
Other Receivables $0.00 $0.00
Total Short-Term Assets $88.28M $64.30M $112.5M
YoY Change -15.62% -42.83% 47.22%
LONG-TERM ASSETS
Property, Plant & Equipment $4.120M $4.400M $5.293M
YoY Change -18.08% -16.87% 194.06%
Goodwill $11.61M
YoY Change
Intangibles $23.00M
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $552.0K $400.0K $442.0K
YoY Change 24.89% -9.5% -36.86%
Total Long-Term Assets $39.29M $4.800M $5.735M
YoY Change 618.06% -16.3% 129.4%
TOTAL ASSETS
Total Short-Term Assets $88.28M $64.30M $112.5M
Total Long-Term Assets $39.29M $4.800M $5.735M
Total Assets $127.6M $69.10M $118.2M
YoY Change 15.87% -41.55% 49.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.146M $8.200M $9.400M
YoY Change 1.47% -12.77% 16.05%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $300.0K $400.0K $500.0K
YoY Change -25.0% -20.0% -61.54%
Total Short-Term Liabilities $10.46M $8.598M $9.930M
YoY Change 13.18% -13.41% -46.61%
LONG-TERM LIABILITIES
Long-Term Debt $14.20M $0.00 $400.0K
YoY Change 4633.33% -100.0% 300.0%
Other Long-Term Liabilities $714.0K $34.00M $31.10M
YoY Change -97.72% 9.32% 33.48%
Total Long-Term Liabilities $714.0K $34.00M $31.50M
YoY Change -97.74% 7.94% 34.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.46M $8.598M $9.930M
Total Long-Term Liabilities $714.0K $34.00M $31.50M
Total Liabilities $11.18M $42.60M $41.50M
YoY Change -72.68% 2.65% -1.43%
SHAREHOLDERS EQUITY
Retained Earnings -$378.5M -$366.3M -$308.9M
YoY Change 18.7% 18.59%
Common Stock $424.3M $392.8M $385.6M
YoY Change 9.32% 1.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $45.75M $26.49M $76.76M
YoY Change
Total Liabilities & Shareholders Equity $127.6M $69.11M $118.2M
YoY Change 15.87% -41.54% 49.82%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income -$12.24M -$14.59M -$16.29M
YoY Change 22.19% -10.44% 66.92%
Depreciation, Depletion And Amortization $400.0K $430.0K $420.0K
YoY Change -6.98% 2.38% 10.53%
Cash From Operating Activities -$8.120M -$13.51M -$7.200M
YoY Change 10.18% 87.64% -44.57%
INVESTING ACTIVITIES
Capital Expenditures -$50.00K -$70.00K -$230.0K
YoY Change -66.67% -69.57% 4.55%
Acquisitions
YoY Change
Other Investing Activities -$7.910M $20.25M -$15.01M
YoY Change -147.17% -234.91% -242.55%
Cash From Investing Activities -$7.970M $20.18M -$15.23M
YoY Change -147.98% -232.5% -247.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 29.68M -100.0K 17.85M
YoY Change 6352.17% -100.56% -6050.0%
NET CHANGE
Cash From Operating Activities -8.120M -13.51M -7.200M
Cash From Investing Activities -7.970M 20.18M -15.23M
Cash From Financing Activities 29.68M -100.0K 17.85M
Net Change In Cash 13.59M 6.570M -4.580M
YoY Change 40.1% -243.45% 53.69%
FREE CASH FLOW
Cash From Operating Activities -$8.120M -$13.51M -$7.200M
Capital Expenditures -$50.00K -$70.00K -$230.0K
Free Cash Flow -$8.070M -$13.44M -$6.970M
YoY Change 11.77% 92.83% -45.42%

Facts In Submission

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dei Entity Registrant Name
EntityRegistrantName
AMICUS THERAPEUTICS INC
dei Entity Central Index Key
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dei Document Type
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10-Q
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
49631672 shares
CY2010Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
4950000 shares
CY2012Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
11500000 shares
CY2010Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1900000 shares
CY2010Q1 fold Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
17100000 USD
CY2012Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
62000000 USD
CY2010Q1 fold Stock Issued During Period Shares Collaboration Agreement
StockIssuedDuringPeriodSharesCollaborationAgreement
4900000 shares
CY2010Q1 fold Number Of Shares Of Common Stock Sold In One Unit
NumberOfSharesOfCommonStockSoldInOneUnit
1 shares
CY2010Q1 fold Number Of Warrants Sold In One Unit
NumberOfWarrantsSoldInOneUnit
1 shares
CY2010Q1 fold Portion Of Share Purchased In One Unit
PortionOfSharePurchasedInOneUnit
0.375 shares
CY2010Q1 fold Warrant Term
WarrantTerm
P4Y
CY2010Q1 fold Exercise Period Of Warrant On Or After Issued
ExercisePeriodOfWarrantOnOrAfterIssued
P9M
CY2010Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
4.43
CY2013Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1400000 shares
CY2012Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
33971000 USD
CY2013Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
30047000 USD
CY2012Q4 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
11000 USD
CY2012Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
99108000 USD
CY2012Q4 fold Cash Cash Equivalents And Short Term Investments Fair Value Disclosure
CashCashEquivalentsAndShortTermInvestmentsFairValueDisclosure
99122000 USD
CY2013Q3 us-gaap Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
9000 USD
CY2013Q3 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
4000 USD
CY2013Q3 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
60490000 USD
CY2013Q3 fold Cash Cash Equivalents And Short Term Investments Fair Value Disclosure
CashCashEquivalentsAndShortTermInvestmentsFairValueDisclosure
60495000 USD
CY2012Q4 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
65151000 USD
CY2013Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
30443000 USD
CY2013Q3 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
30448000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
10000 USD
CY2012 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
0 USD
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
0 USD
CY2012Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
33100000 USD
CY2013Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
14800000 USD
CY2012Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
37000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
4000 USD
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
17000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
3000 USD
CY2012Q1 us-gaap Share Price
SharePrice
5.70
CY2012Q1 fold Proceeds From Issuance Of Common Stock Gross
ProceedsFromIssuanceOfCommonStockGross
65600000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
20000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
33000 USD
CY2010Q1 fold Proceeds From Issuance Of Common Stock Gross
ProceedsFromIssuanceOfCommonStockGross
18500000 USD
CY2012Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1598000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4743000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4674000 USD
CY2013Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1517000 USD
CY2013Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0 USD
CY2013Q3 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0 USD
fold Fair Value Inputs Number Of Inputs Used In Fair Value Classification
FairValueInputsNumberOfInputsUsedInFairValueClassification
6 item
us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.760 pure
us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.597 pure
us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.0019 pure
us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.0003 pure
us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P1Y5M1D
us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P5M1D
us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0.00 pure
us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0.00 pure
fold Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
-874000 USD
CY2013Q3 fold Common Stock Voting Rights For Each Share Held
CommonStockVotingRightsForEachShareHeld
1 item
CY2010Q1 us-gaap Share Price
SharePrice
3.74
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-9000 USD
fold Change In Fair Value Of Warrant Liability Adjustments To Reconcile Net Loss To Net Cash Used In Operating Activities
ChangeInFairValueOfWarrantLiabilityAdjustmentsToReconcileNetLossToNetCashUsedInOperatingActivities
-874000 USD
fold Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
-2427000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
252000 USD
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
39000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
39000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-8708000 USD
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
3300000 USD
CY2012 fold Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
500000 shares

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