$GYRE
GYRE THERAPEUTICS, INC.

2014 Q1 Form 10-K Financial Statement

#000119312514099974 Filed on March 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 2012 Q4
Revenue $87.00K $3.629M $590.0K
YoY Change -97.54% -93.73% -96.89%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.760M $4.090M $3.100M
YoY Change -20.92% -68.99% 2.65%
% of Gross Profit
Research & Development $9.080M $6.557M $12.34M
YoY Change 9.13% -86.64% -52.67%
% of Gross Profit
Depreciation & Amortization $69.00K $974.0K $400.0K
YoY Change -67.61% -55.97% -33.33%
% of Gross Profit
Operating Expenses $2.160M $10.64M $15.44M
YoY Change -81.71% -83.87% -46.92%
Operating Profit -$1.863M -$10.12M -$16.26M
YoY Change -77.48% 24.35% 60.28%
Interest Expense $9.000K $53.00K $230.0K
YoY Change -43.75% -38.37% -32.35%
% of Operating Profit
Other Income/Expense, Net $169.0K $518.0K
YoY Change -18.75% -50.14%
Pretax Income -$11.59M -$46.70M -$15.97M
YoY Change 43.65% 557.81% 62.79%
Income Tax $3.412M $7.000K -$100.0K
% Of Pretax Income
Net Earnings -$1.734M -$9.966M -$15.87M
YoY Change -78.5% 42.41% 61.86%
Net Earnings / Revenue -1993.1% -274.62% -2689.83%
Basic Earnings Per Share -$0.44 -$0.47
Diluted Earnings Per Share -$46.88M -$498.5M -$0.47
COMMON SHARES
Basic Shares Outstanding 33.74M shares 33.61M shares
Diluted Shares Outstanding 33.61M shares

Balance Sheet

Concept 2014 Q1 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $97.20M $92.30M $125.0M
YoY Change -11.48% -26.16% -35.9%
Cash & Equivalents $2.828M $92.30M $3.401M
Short-Term Investments $52.20M $0.00 $42.70M
Other Short-Term Assets $900.0K $1.000M $1.400M
YoY Change -35.71% -28.57% -53.33%
Inventory
Prepaid Expenses $891.0K $1.402M
Receivables $300.0K $300.0K $1.400M
Other Receivables $0.00 $0.00 $1.380M
Total Short-Term Assets $98.48M $93.60M $127.7M
YoY Change -11.78% -26.7% -35.55%
LONG-TERM ASSETS
Property, Plant & Equipment $611.0K $700.0K $1.639M
YoY Change -59.29% -56.25% -67.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $34.90M $51.40M $60.00M
YoY Change -46.47% -14.33% 10.5%
Other Assets $27.00K $0.00 $116.0K
YoY Change -90.59% -100.0% -75.63%
Total Long-Term Assets $35.63M $52.30M $61.84M
YoY Change -46.92% -15.51% 3.22%
TOTAL ASSETS
Total Short-Term Assets $98.48M $93.60M $127.7M
Total Long-Term Assets $35.63M $52.30M $61.84M
Total Assets $134.1M $145.9M $189.6M
YoY Change -24.97% -23.05% -26.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.158M $1.300M $2.056M
YoY Change -53.97% -38.1% -41.07%
Accrued Expenses $7.870M $8.800M $6.085M
YoY Change 57.46% 44.26% -62.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $776.0K $900.0K $851.0K
YoY Change -9.56% 0.0% -31.43%
Total Short-Term Liabilities $9.865M $11.00M $11.35M
YoY Change 17.83% -2.65% -85.56%
LONG-TERM LIABILITIES
Long-Term Debt $142.0K $300.0K $1.136M
YoY Change -84.53% -72.73% -42.8%
Other Long-Term Liabilities $0.00 $1.200M
YoY Change -100.0% -62.5%
Total Long-Term Liabilities $142.0K $300.0K $1.136M
YoY Change -84.53% -86.96% -42.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.865M $11.00M $11.35M
Total Long-Term Liabilities $142.0K $300.0K $1.136M
Total Liabilities $10.01M $11.30M $13.66M
YoY Change 7.72% -17.52% -83.7%
SHAREHOLDERS EQUITY
Retained Earnings -$295.6M -$233.9M
YoY Change 22.17% 3.08%
Common Stock $34.00K $34.00K
YoY Change 0.0% 3.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $124.1M $134.6M -$93.34M
YoY Change
Total Liabilities & Shareholders Equity $134.1M $145.9M $189.6M
YoY Change -24.97% -23.05% -26.56%

Cashflow Statement

Concept 2014 Q1 2013 2012 Q4
OPERATING ACTIVITIES
Net Income -$1.734M -$9.966M -$15.87M
YoY Change -78.5% 42.41% 61.86%
Depreciation, Depletion And Amortization $69.00K $974.0K $400.0K
YoY Change -67.61% -55.97% -33.33%
Cash From Operating Activities -$14.85M -$40.61M -$11.60M
YoY Change 59.29% -36.78% -43.41%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $41.00K -$200.0K
YoY Change -100.0% -87.69% 0.0%
Acquisitions
YoY Change
Other Investing Activities $1.900M $0.00 $16.10M
YoY Change -167.86% -100.0% -947.37%
Cash From Investing Activities $1.935M $13.41M $15.80M
YoY Change -167.82% -66.33% -818.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $273.0K $299.0K
YoY Change 5360.0% -51.3%
Debt Paid & Issued, Net $218.0K $851.0K
YoY Change 3.32% -31.37%
Cash From Financing Activities 3.467M -552.0K -200.0K
YoY Change -1783.01% -11.82% -66.67%
NET CHANGE
Cash From Operating Activities -14.85M -40.61M -11.60M
Cash From Investing Activities 1.935M 13.41M 15.80M
Cash From Financing Activities 3.467M -552.0K -200.0K
Net Change In Cash -9.444M -27.76M 4.000M
YoY Change -23.71% 10.83% -117.17%
FREE CASH FLOW
Cash From Operating Activities -$14.85M -$40.61M -$11.60M
Capital Expenditures $0.00 $41.00K -$200.0K
Free Cash Flow -$14.85M -$40.65M -$11.40M
YoY Change 58.1% -37.04% -43.84%

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CY2013 dei Trading Symbol
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TRGT
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TARGACEPT INC
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10-K
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1997-03-07
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0001124105
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CY2012 us-gaap Current State And Local Tax Expense Benefit
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OperatingLeasesRentExpenseNet
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CurrentFederalTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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CY2012 us-gaap Interest Expense
InterestExpense
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ProceedsFromIssuanceOfCommonStock
614000
CY2012 us-gaap Severance Costs1
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3718000
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