2019 Q2 Form 10-Q Financial Statement

#000119312519142973 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q4
Revenue $9.493M $155.0K $206.0K
YoY Change -52.27% -98.45% -86.57%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $24.66M $27.10M $18.77M
YoY Change 159.87% 255.64% 205.2%
% of Gross Profit
Research & Development $26.52M $37.97M $38.89M
YoY Change -40.72% -8.1% 11.66%
% of Gross Profit
Depreciation & Amortization $240.0K $250.0K $200.0K
YoY Change 33.33% 47.06% 17.65%
% of Gross Profit
Operating Expenses $51.18M $65.08M $57.66M
YoY Change -5.61% 32.97% 40.68%
Operating Profit -$41.69M -$64.92M -$57.46M
YoY Change 21.42% 66.71% 45.63%
Interest Expense $3.089M $2.998M -$730.0K
YoY Change 375.23% 487.84% -269.77%
% of Operating Profit
Other Income/Expense, Net -$1.721M -$1.229M -$755.0K
YoY Change -360.76% -348.28% -279.33%
Pretax Income -$43.41M -$66.15M -$58.19M
YoY Change 28.91% 72.06% 49.09%
Income Tax $8.000K $10.00K $20.00K
% Of Pretax Income
Net Earnings -$43.42M -$66.16M -$58.21M
YoY Change 29.0% 72.03% 49.1%
Net Earnings / Revenue -457.34% -42684.52% -28257.28%
Basic Earnings Per Share
Diluted Earnings Per Share -$712.6K -$1.087M -$957.4K
COMMON SHARES
Basic Shares Outstanding 60.86M shares 60.86M shares 60.71M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $217.2M $264.4M $328.2M
YoY Change -9.92% 102.0% 124.07%
Cash & Equivalents $75.55M $83.51M $118.0M
Short-Term Investments $141.6M $180.9M $210.2M
Other Short-Term Assets $5.700M $7.000M $6.400M
YoY Change 67.65% 191.67% 220.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $222.8M $271.4M $334.6M
YoY Change -8.9% 103.61% 125.44%
LONG-TERM ASSETS
Property, Plant & Equipment $14.60M $3.617M $3.863M
YoY Change 459.17% 47.39% 76.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00 $2.000M
YoY Change -100.0% -100.0% -93.2%
Other Assets $700.0K $700.0K $700.0K
YoY Change 16.67% 133.33% 133.33%
Total Long-Term Assets $15.30M $15.78M $6.580M
YoY Change 27.18% 20.82% -79.35%
TOTAL ASSETS
Total Short-Term Assets $222.8M $271.4M $334.6M
Total Long-Term Assets $15.30M $15.78M $6.580M
Total Assets $238.1M $287.2M $341.2M
YoY Change -7.21% 96.22% 89.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.100M $2.266M $4.332M
YoY Change -71.01% -54.21% -23.53%
Accrued Expenses $29.30M $28.87M $32.49M
YoY Change 27.56% 33.99% 51.52%
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 $32.20M $43.86M $46.90M
YoY Change -11.89% -6.15% -5.18%
LONG-TERM LIABILITIES
Long-Term Debt $106.2M $104.4M $102.7M
YoY Change
Other Long-Term Liabilities $17.30M $17.70M $8.500M
YoY Change 162.12% 331.71% 507.14%
Total Long-Term Liabilities $123.5M $122.1M $111.2M
YoY Change 1771.21% 2878.05% 7842.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.20M $43.86M $46.90M
Total Long-Term Liabilities $123.5M $122.1M $111.2M
Total Liabilities $155.6M $165.9M $158.0M
YoY Change 260.88% 226.35% 210.88%
SHAREHOLDERS EQUITY
Retained Earnings -$739.9M -$673.7M
YoY Change 38.61% 36.02%
Common Stock $861.2M $857.2M
YoY Change 36.79% 37.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $82.47M $121.3M $183.2M
YoY Change
Total Liabilities & Shareholders Equity $238.1M $287.2M $341.2M
YoY Change -7.21% 96.22% 89.24%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q4
OPERATING ACTIVITIES
Net Income -$43.42M -$66.16M -$58.21M
YoY Change 29.0% 72.03% 49.1%
Depreciation, Depletion And Amortization $240.0K $250.0K $200.0K
YoY Change 33.33% 47.06% 17.65%
Cash From Operating Activities -$48.21M -$66.62M -$48.17M
YoY Change 28.12% 92.26% 769.49%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $49.00K -$1.090M
YoY Change -100.0% -87.17% 2080.0%
Acquisitions
YoY Change
Other Investing Activities $39.80M $32.04M -$102.0M
YoY Change -246.27% 1016.38% 3479.65%
Cash From Investing Activities $39.80M $31.99M -$103.1M
YoY Change -244.2% 1187.88% 3455.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 400.0K 152.0K 167.8M
YoY Change -99.73% -64.57% 631.07%
NET CHANGE
Cash From Operating Activities -48.21M -66.62M -48.17M
Cash From Investing Activities 39.80M 31.99M -103.1M
Cash From Financing Activities 400.0K 152.0K 167.8M
Net Change In Cash -8.010M -34.52M 16.50M
YoY Change -109.78% 8.9% 13.71%
FREE CASH FLOW
Cash From Operating Activities -$48.21M -$66.62M -$48.17M
Capital Expenditures $0.00 $49.00K -$1.090M
Free Cash Flow -$48.21M -$66.67M -$47.08M
YoY Change 29.49% 90.31% 757.56%

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Large Accelerated Filer
CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
27103000
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-66151000
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10000
CY2019Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2016000
CY2019Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-3255000
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
597000
CY2019Q1 us-gaap Interest Expense
InterestExpense
2998000
CY2019Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1771000
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1229000
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
31991000
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
152000
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-66623000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-66161000
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2000
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-41000
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
65077000
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
702000000
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-64922000
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
257000
CY2019Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
27993000
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
49000
CY2019Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
152000
CY2019Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
60033000
CY2019Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
172500000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-66161000
CY2019Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
37974000
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11711000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
155000
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3907000
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
152000
CY2019Q1 dei Trading Symbol
TradingSymbol
KPTI
CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
60856295 shares
CY2019Q1 kpti Debt Instrument Convertible Threshold Measurement Period Description
DebtInstrumentConvertibleThresholdMeasurementPeriodDescription
During the five business day period immediately after any five consecutive trading day
CY2019Q1 kpti Principal Amount Of Notes Used In Conversion Rate
PrincipalAmountOfNotesUsedInConversionRate
1000
CY2019Q1 kpti Debt Instrument Convertible Threshold Maximum Percentage Of Product Of Last Reported Sale Price Of Common Stock
DebtInstrumentConvertibleThresholdMaximumPercentageOfProductOfLastReportedSalePriceOfCommonStock
0.98 pure
CY2019Q1 kpti Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-191000
CY2019Q1 kpti Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-263000
CY2019Q1 kpti Cash Paid For Amounts Included In Measurement Of Operating Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities
630000

Files In Submission

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0001193125-19-142973-index-headers.html Edgar Link pending
0001193125-19-142973-index.html Edgar Link pending
0001193125-19-142973.txt Edgar Link pending
0001193125-19-142973-xbrl.zip Edgar Link pending
d710910d10q.htm Edgar Link pending
d710910dex311.htm Edgar Link pending
d710910dex312.htm Edgar Link pending
d710910dex321.htm Edgar Link pending
d710910dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
kpti-20190331.xml Edgar Link completed
kpti-20190331.xsd Edgar Link pending
kpti-20190331_cal.xml Edgar Link unprocessable
kpti-20190331_def.xml Edgar Link unprocessable
kpti-20190331_lab.xml Edgar Link unprocessable
kpti-20190331_pre.xml Edgar Link unprocessable
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