2012 Q3 Form 10-Q Financial Statement

#000106282212000037 Filed on August 02, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2012 Q2 2011 Q2
Revenue $372.0K $199.0K $555.0K
YoY Change 4.79% -64.14% -54.99%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.400M $5.100M $5.400M
YoY Change 7.32% -5.56% 5.88%
% of Gross Profit
Research & Development $19.19M $19.36M $20.15M
YoY Change -2.36% -3.92% -0.46%
% of Gross Profit
Depreciation & Amortization $1.100M $1.100M $1.300M
YoY Change -8.33% -15.38% 0.0%
% of Gross Profit
Operating Expenses $29.43M $25.68M $26.48M
YoY Change 13.0% -3.03% 4.64%
Operating Profit -$29.06M -$25.48M -$25.93M
YoY Change 13.11% -1.72% 7.69%
Interest Expense $527.0K $530.0K $810.0K
YoY Change -5.89% -34.57% 11.11%
% of Operating Profit
Other Income/Expense, Net $4.000K $21.00K $30.00K
YoY Change -95.45% -30.0% -104.67%
Pretax Income -$29.50M -$25.90M -$26.60M
YoY Change 13.01% -2.63% 5.56%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$29.54M -$25.93M -$26.64M
YoY Change 13.16% -2.65% 5.74%
Net Earnings / Revenue -7940.59% -13030.65% -4799.64%
Basic Earnings Per Share
Diluted Earnings Per Share -$421.4K -$377.0K -$551.9K
COMMON SHARES
Basic Shares Outstanding 494.3M shares 480.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q3 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $206.4M $231.1M $164.4M
YoY Change 43.63% 40.57% -39.51%
Cash & Equivalents $20.76M $33.78M $20.33M
Short-Term Investments $185.7M $197.3M $144.1M
Other Short-Term Assets $9.004M $6.582M $3.874M
YoY Change 107.61% 69.9% -54.95%
Inventory
Prepaid Expenses
Receivables $233.0K $182.0K $505.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $216.1M $238.3M $169.2M
YoY Change 45.04% 40.83% -40.11%
LONG-TERM ASSETS
Property, Plant & Equipment $43.52M $44.53M $48.37M
YoY Change -8.09% -7.95% -14.54%
Goodwill $44.54M $44.54M $44.54M
YoY Change 0.0% 0.0%
Intangibles $53.56M $53.56M $53.56M
YoY Change 0.0% 0.0%
Long-Term Investments
YoY Change
Other Assets $135.0K $157.0K $253.0K
YoY Change -51.96% -37.94% -36.75%
Total Long-Term Assets $141.8M $142.8M $146.7M
YoY Change -2.73% -2.69% 77.42%
TOTAL ASSETS
Total Short-Term Assets $216.1M $238.3M $169.2M
Total Long-Term Assets $141.8M $142.8M $146.7M
Total Assets $357.8M $381.1M $315.9M
YoY Change 21.42% 20.62% -13.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.306M $4.579M $3.671M
YoY Change -22.08% 24.73% 4.89%
Accrued Expenses $12.78M $15.05M $8.037M
YoY Change 65.94% 87.2% 27.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.542M $1.510M $1.380M
YoY Change 9.13% 9.42% -91.93%
Total Short-Term Liabilities $19.05M $21.56M $13.23M
YoY Change 28.67% 62.97% -51.73%
LONG-TERM LIABILITIES
Long-Term Debt $22.28M $22.68M $24.19M
YoY Change -6.47% -6.24% -13.3%
Other Long-Term Liabilities $31.09M $59.28M $51.36M
YoY Change -42.04% 15.42% 247.01%
Total Long-Term Liabilities $53.37M $81.95M $75.55M
YoY Change -31.1% 8.48% 76.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.05M $21.56M $13.23M
Total Long-Term Liabilities $53.37M $81.95M $75.55M
Total Liabilities $105.1M $136.2M $121.7M
YoY Change -16.09% 11.86% 73.65%
SHAREHOLDERS EQUITY
Retained Earnings -$875.0M -$845.4M -$729.7M
YoY Change 15.77% 15.86%
Common Stock $495.0K $481.0K $338.0K
YoY Change 46.45% 42.31%
Preferred Stock
YoY Change
Treasury Stock (at cost) $630.0K $630.0K $345.0K
YoY Change 82.61% 82.61%
Treasury Stock Shares 380.0K shares 380.0K shares 218.0K shares
Shareholders Equity $252.8M $244.9M $194.2M
YoY Change
Total Liabilities & Shareholders Equity $357.8M $381.1M $315.9M
YoY Change 21.42% 20.62% -13.5%

Cashflow Statement

Concept 2012 Q3 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income -$29.54M -$25.93M -$26.64M
YoY Change 13.16% -2.65% 5.74%
Depreciation, Depletion And Amortization $1.100M $1.100M $1.300M
YoY Change -8.33% -15.38% 0.0%
Cash From Operating Activities -$25.00M -$22.00M -$23.70M
YoY Change 23.76% -7.17% 4.87%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K -$100.0K -$300.0K
YoY Change -50.0% -66.67% 200.0%
Acquisitions
YoY Change
Other Investing Activities $11.70M $26.90M $26.80M
YoY Change -62.14% 0.37% -10.67%
Cash From Investing Activities $11.60M $26.90M $26.50M
YoY Change -62.21% 1.51% -11.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 500.0K -200.0K -2.600M
YoY Change -225.0% -92.31% -86.87%
NET CHANGE
Cash From Operating Activities -25.00M -22.00M -23.70M
Cash From Investing Activities 11.60M 26.90M 26.50M
Cash From Financing Activities 500.0K -200.0K -2.600M
Net Change In Cash -12.90M 4.700M 200.0K
YoY Change -227.72% 2250.0% -101.61%
FREE CASH FLOW
Cash From Operating Activities -$25.00M -$22.00M -$23.70M
Capital Expenditures -$100.0K -$100.0K -$300.0K
Free Cash Flow -$24.90M -$21.90M -$23.40M
YoY Change 24.5% -6.41% 4.0%

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499000 USD
CY2011Q2 us-gaap Revenues
Revenues
555000 USD
CY2012Q2 us-gaap Revenues
Revenues
199000 USD
us-gaap Revenues
Revenues
1151000 USD
CY2012Q2 us-gaap Secured Debt
SecuredDebt
24200000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3313000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2922000 USD
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
1500000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
2900000 USD
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
1600000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
3300000 USD
CY2012Q2 us-gaap Short Term Investments
ShortTermInvestments
197734000 USD
CY2011Q4 us-gaap Short Term Investments
ShortTermInvestments
95383000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
276000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
551000 USD
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
244896000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
297568000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
247024000 USD
CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
244896000 USD
CY2011Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
194188000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
297568000 USD
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
218000 shares
CY2012Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
380000 shares
CY2012Q2 us-gaap Treasury Stock Value
TreasuryStockValue
630000 USD
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
345000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
285000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
108000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
66000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-41000 USD
CY2012Q2 lxrx Change In Fair Value Of Symphony Icon Inc Purchase Liability
ChangeInFairValueOfSymphonyIconIncPurchaseLiability
2162000 USD
lxrx Change In Fair Value Of Symphony Icon Inc Purchase Liability
ChangeInFairValueOfSymphonyIconIncPurchaseLiability
2862000 USD
CY2011Q2 lxrx Change In Fair Value Of Symphony Icon Inc Purchase Liability
ChangeInFairValueOfSymphonyIconIncPurchaseLiability
1804000 USD
CY2007Q2 lxrx Holdings Contribution To Icon
HoldingsContributionToIcon
45000000 USD
CY2010Q3 lxrx Lexicon Paid Holdings Cash
LexiconPaidHoldingsCash
10000000 USD
CY2007Q2 lxrx Lexicon Received Cash From Holdings
LexiconReceivedCashFromHoldings
15000000 USD
CY2007Q2 lxrx Lexicon Sold Shares To Holdings
LexiconSoldSharesToHoldings
7650622 shares
lxrx Shares Used In Computing Net Loss Attributable To Lexicon Pharmaceuticals Inc Per Common Share Basic And Diluted
SharesUsedInComputingNetLossAttributableToLexiconPharmaceuticalsIncPerCommonShareBasicAndDiluted
480479000 shares
lxrx Shares Used In Computing Net Loss Attributable To Lexicon Pharmaceuticals Inc Per Common Share Basic And Diluted
SharesUsedInComputingNetLossAttributableToLexiconPharmaceuticalsIncPerCommonShareBasicAndDiluted
337598000 shares
CY2011Q2 lxrx Shares Used In Computing Net Loss Attributable To Lexicon Pharmaceuticals Inc Per Common Share Basic And Diluted
SharesUsedInComputingNetLossAttributableToLexiconPharmaceuticalsIncPerCommonShareBasicAndDiluted
337668000 shares
CY2012Q2 lxrx Shares Used In Computing Net Loss Attributable To Lexicon Pharmaceuticals Inc Per Common Share Basic And Diluted
SharesUsedInComputingNetLossAttributableToLexiconPharmaceuticalsIncPerCommonShareBasicAndDiluted
480634000 shares
CY2012Q2 lxrx Stock Based Compensation Expense Associated With General And Administrative Expense
StockBasedCompensationExpenseAssociatedWithGeneralAndAdministrativeExpense
680000 USD
lxrx Stock Based Compensation Expense Associated With General And Administrative Expense
StockBasedCompensationExpenseAssociatedWithGeneralAndAdministrativeExpense
1265000 USD
lxrx Stock Based Compensation Expense Associated With General And Administrative Expense
StockBasedCompensationExpenseAssociatedWithGeneralAndAdministrativeExpense
1361000 USD
CY2011Q2 lxrx Stock Based Compensation Expense Associated With General And Administrative Expense
StockBasedCompensationExpenseAssociatedWithGeneralAndAdministrativeExpense
632000 USD
lxrx Stock Based Compensation Expense Associated With Research And Development Expense
StockBasedCompensationExpenseAssociatedWithResearchAndDevelopmentExpense
1952000 USD
CY2011Q2 lxrx Stock Based Compensation Expense Associated With Research And Development Expense
StockBasedCompensationExpenseAssociatedWithResearchAndDevelopmentExpense
818000 USD
lxrx Stock Based Compensation Expense Associated With Research And Development Expense
StockBasedCompensationExpenseAssociatedWithResearchAndDevelopmentExpense
1657000 USD
CY2012Q2 lxrx Stock Based Compensation Expense Associated With Research And Development Expense
StockBasedCompensationExpenseAssociatedWithResearchAndDevelopmentExpense
915000 USD
CY2010Q3 lxrx Symphon Fair Value Of Base And Contingent Payments
SymphonFairValueOfBaseAndContingentPayments
45600000 USD
CY2010Q3 lxrx Symphony Base Payment Discount Rate
SymphonyBasePaymentDiscountRate
0.14
CY2012Q3 lxrx Symphony Base Payment In Shares
SymphonyBasePaymentInShares
13237519 shares
CY2012Q3 lxrx Symphony Base Payment Obligation
SymphonyBasePaymentObligation
35000000 USD
CY2010Q3 lxrx Symphony Contingent Payment Discount Rate
SymphonyContingentPaymentDiscountRate
0.18
CY2010Q3 lxrx Symphony Contingent Payment Maximum
SymphonyContingentPaymentMaximum
45000000 USD
CY2010Q3 lxrx Symphony Contingent Payment Percentage
SymphonyContingentPaymentPercentage
0.50
CY2010Q3 lxrx Symphony Payment In Stock Limitation
SymphonyPaymentInStockLimitation
0.50
CY2010Q3 lxrx Symphony Regulatory Approval Payment
SymphonyRegulatoryApprovalPayment
15000000 USD
CY2010Q3 lxrx Symphony Regulatory Approval Percentage Limit
SymphonyRegulatoryApprovalPercentageLimit
0.50
CY2010Q3 lxrx Symphony Regulatory Approval Reduction Percentage
SymphonyRegulatoryApprovalReductionPercentage
0.50
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001062822
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
494336148 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
LEXICON PHARMACEUTICALS, INC./DE

Files In Submission

Name View Source Status
0001062822-12-000037-index-headers.html Edgar Link pending
0001062822-12-000037-index.html Edgar Link pending
0001062822-12-000037.txt Edgar Link pending
0001062822-12-000037-xbrl.zip Edgar Link pending
exh311certificationofprinc.htm Edgar Link pending
exh312certificationofprinc.htm Edgar Link pending
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lxrx-20120630_def.xml Edgar Link unprocessable
lxrx-20120630_lab.xml Edgar Link unprocessable
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report.css Edgar Link pending
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