2014 Q2 Form 10-Q Financial Statement

#000110465914056936 Filed on August 05, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q4 2013 Q2
Revenue $6.840M $5.031M $9.663M
YoY Change -29.21% -81.35% -33.83%
Cost Of Revenue $10.52M $500.0K $3.418M
YoY Change 207.72% -50.0%
Gross Profit -$3.678M $4.500M $6.245M
YoY Change -158.9% -82.69% -57.23%
Gross Profit Margin -53.77% 89.45% 64.63%
Selling, General & Admin $29.30M $28.70M $30.87M
YoY Change -5.09% -31.01% 53.59%
% of Gross Profit 637.78% 494.32%
Research & Development $22.14M $22.50M $24.09M
YoY Change -8.1% -20.49% -25.27%
% of Gross Profit 500.0% 385.8%
Depreciation & Amortization $3.100M $3.100M $2.800M
YoY Change 10.71% 10.71% 0.0%
% of Gross Profit 68.89% 44.84%
Operating Expenses $51.44M $51.30M $54.96M
YoY Change -6.41% -26.61% 5.02%
Operating Profit -$55.12M -$46.80M -$59.88M
YoY Change -7.95% 6.61% 46.64%
Interest Expense $5.303M -$5.200M $5.318M
YoY Change -0.28% 40807.69%
% of Operating Profit
Other Income/Expense, Net -$5.238M -$5.248M -$5.269M
YoY Change -0.59% -11762.22% -17096.77%
Pretax Income -$60.40M -$52.00M -$65.10M
YoY Change -7.22% 18.45% 59.56%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$60.40M -$52.00M -$65.10M
YoY Change -7.22% 18.45% 59.56%
Net Earnings / Revenue -883.04% -1033.59% -673.7%
Basic Earnings Per Share -$0.43 -$0.57
Diluted Earnings Per Share -$436.7K -$0.43 -$0.57
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2 2013 Q4 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $302.0M $197.6M $300.5M
YoY Change 0.5% 17.48% 90.55%
Cash & Equivalents $95.36M $75.49M $219.5M
Short-Term Investments $206.6M $122.1M $81.10M
Other Short-Term Assets $6.300M $6.200M $9.600M
YoY Change -34.38% -22.5% 60.0%
Inventory $12.99M $22.15M $20.38M
Prepaid Expenses
Receivables $4.500M $513.0K $5.300M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $325.8M $229.1M $335.8M
YoY Change -2.98% 24.23% 102.16%
LONG-TERM ASSETS
Property, Plant & Equipment $33.56M $37.38M $35.01M
YoY Change -4.15% -0.43% 0.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.597M $4.311M $5.091M
YoY Change -29.35% 1423.32% -33.88%
Total Long-Term Assets $45.30M $49.83M $48.25M
YoY Change -6.11% 9.6% 13.27%
TOTAL ASSETS
Total Short-Term Assets $325.8M $229.1M $335.8M
Total Long-Term Assets $45.30M $49.83M $48.25M
Total Assets $371.1M $279.0M $384.0M
YoY Change -3.38% 21.34% 84.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.393M $10.14M $6.569M
YoY Change -48.35% -28.68% -38.03%
Accrued Expenses $19.05M $18.44M $17.12M
YoY Change 11.24% -12.91% -14.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.700M $1.100M $200.0K
YoY Change 3750.0% 266.67% -33.33%
Total Short-Term Liabilities $41.63M $41.04M $43.97M
YoY Change -5.32% -25.3% -10.46%
LONG-TERM LIABILITIES
Long-Term Debt $171.3M $177.8M $174.8M
YoY Change -2.0% 59166.67% 43600.0%
Other Long-Term Liabilities $16.30M $1.653M $1.653M
YoY Change 886.09% 66.63% -94.56%
Total Long-Term Liabilities $187.6M $1.653M $1.653M
YoY Change 11249.06% 66.63% -94.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $41.63M $41.04M $43.97M
Total Long-Term Liabilities $187.6M $1.653M $1.653M
Total Liabilities $229.2M $42.69M $45.62M
YoY Change 402.42% -23.67% -42.9%
SHAREHOLDERS EQUITY
Retained Earnings -$887.8M -$777.8M -$664.1M
YoY Change 33.69% 54.02%
Common Stock $1.030B $815.9M $803.4M
YoY Change 28.15% 25.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $141.8M $38.23M $139.4M
YoY Change
Total Liabilities & Shareholders Equity $371.1M $279.0M $384.0M
YoY Change -3.38% 21.34% 84.01%

Cashflow Statement

Concept 2014 Q2 2013 Q4 2013 Q2
OPERATING ACTIVITIES
Net Income -$60.40M -$52.00M -$65.10M
YoY Change -7.22% 18.45% 59.56%
Depreciation, Depletion And Amortization $3.100M $3.100M $2.800M
YoY Change 10.71% 10.71% 0.0%
Cash From Operating Activities -$36.20M -$42.10M -$80.10M
YoY Change -54.81% 87.95% 85.85%
INVESTING ACTIVITIES
Capital Expenditures -$700.0K -$3.700M -$2.000M
YoY Change -65.0% 8.82% -16.67%
Acquisitions
YoY Change
Other Investing Activities -$79.80M -$24.30M $55.20M
YoY Change -244.57% -168.07% -18500.0%
Cash From Investing Activities -$80.50M -$28.00M $53.20M
YoY Change -251.32% -186.96% -2000.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.000M 1.200M 141.1M
YoY Change -95.04% 9.09% 10753.85%
NET CHANGE
Cash From Operating Activities -36.20M -42.10M -80.10M
Cash From Investing Activities -80.50M -28.00M 53.20M
Cash From Financing Activities 7.000M 1.200M 141.1M
Net Change In Cash -109.7M -68.90M 114.2M
YoY Change -196.06% -732.11% -356.05%
FREE CASH FLOW
Cash From Operating Activities -$36.20M -$42.10M -$80.10M
Capital Expenditures -$700.0K -$3.700M -$2.000M
Free Cash Flow -$35.50M -$38.40M -$78.10M
YoY Change -54.55% 102.11% 91.89%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Use Of Estimates
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Use of Estimates</font></i></b></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The preparation of condensed consolidated financial statements in accordance with U.S. GAAP requires the Company&#8217;s management to make estimates and judgments that may affect the reported amounts of assets, liabilities, revenues, expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, the Company&#8217;s management evaluates its estimates, including those related to revenue recognition, available-for-sale securities, inventory valuation and related reserves, impairment of long-lived assets, balance sheet classification of notes payable, income taxes including the valuation allowance for deferred tax assets, research and development expense, contingencies and share-based compensation. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results may differ from these estimates under different assumptions or conditions. Changes in estimates are reflected in reported results in the period in which they become known.</font></p> </div>
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Files In Submission

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0001104659-14-056936-index-headers.html Edgar Link pending
0001104659-14-056936-index.html Edgar Link pending
0001104659-14-056936.txt Edgar Link pending
0001104659-14-056936-xbrl.zip Edgar Link pending
a14-13913_110q.htm Edgar Link pending
a14-13913_1ex31d1.htm Edgar Link pending
a14-13913_1ex31d2.htm Edgar Link pending
a14-13913_1ex32d1.htm Edgar Link pending
a14-13913_1ex32d2.htm Edgar Link pending
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Financial_Report.xls Edgar Link pending
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irwd-20140630.xml Edgar Link completed
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