2013 Q3 Form 10-Q Financial Statement

#000106282213000030 Filed on August 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q2
Revenue $238.0K $214.0K $199.0K
YoY Change -36.02% 7.54% -64.14%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.700M $4.700M $5.100M
YoY Change 6.82% -7.84% -5.56%
% of Gross Profit
Research & Development $25.40M $23.69M $19.36M
YoY Change 32.35% 22.41% -3.92%
% of Gross Profit
Depreciation & Amortization $600.0K $800.0K $1.100M
YoY Change -45.45% -27.27% -15.38%
% of Gross Profit
Operating Expenses $31.45M $28.84M $25.68M
YoY Change 6.87% 12.3% -3.03%
Operating Profit -$31.22M -$28.62M -$25.48M
YoY Change 7.42% 12.34% -1.72%
Interest Expense $492.0K $496.0K $530.0K
YoY Change -6.64% -6.42% -34.57%
% of Operating Profit
Other Income/Expense, Net $11.00K -$4.000K $21.00K
YoY Change 175.0% -119.05% -30.0%
Pretax Income -$31.70M -$29.10M -$25.90M
YoY Change 7.46% 12.36% -2.63%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$31.66M -$29.08M -$25.93M
YoY Change 7.17% 12.14% -2.65%
Net Earnings / Revenue -13301.68% -13588.79% -13030.65%
Basic Earnings Per Share
Diluted Earnings Per Share -$432.5K -$397.0K -$377.0K
COMMON SHARES
Basic Shares Outstanding 513.5M shares 513.0M shares 480.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $150.8M $174.9M $231.1M
YoY Change -26.94% -24.32% 40.57%
Cash & Equivalents $19.58M $23.25M $33.78M
Short-Term Investments $131.2M $151.7M $197.3M
Other Short-Term Assets $7.257M $6.684M $6.582M
YoY Change -19.4% 1.55% 69.9%
Inventory
Prepaid Expenses
Receivables $895.0K $1.014M $182.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $159.4M $183.1M $238.3M
YoY Change -26.25% -23.17% 40.83%
LONG-TERM ASSETS
Property, Plant & Equipment $41.84M $42.15M $44.53M
YoY Change -3.85% -5.33% -7.95%
Goodwill $44.54M $44.54M $44.54M
YoY Change 0.0% 0.0% 0.0%
Intangibles $53.56M $53.56M $53.56M
YoY Change 0.0% 0.0% 0.0%
Long-Term Investments
YoY Change
Other Assets $158.0K $65.00K $157.0K
YoY Change 17.04% -58.6% -37.94%
Total Long-Term Assets $140.1M $140.3M $142.8M
YoY Change -1.17% -1.73% -2.69%
TOTAL ASSETS
Total Short-Term Assets $159.4M $183.1M $238.3M
Total Long-Term Assets $140.1M $140.3M $142.8M
Total Assets $299.5M $323.4M $381.1M
YoY Change -16.31% -15.13% 20.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.709M $6.281M $4.579M
YoY Change 125.48% 37.17% 24.73%
Accrued Expenses $11.53M $11.32M $15.05M
YoY Change -9.8% -24.75% 87.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.675M $22.68M $1.510M
YoY Change 8.63% 1401.85% 9.42%
Total Short-Term Liabilities $23.60M $40.90M $21.56M
YoY Change 23.87% 89.76% 62.97%
LONG-TERM LIABILITIES
Long-Term Debt $20.61M $0.00 $22.68M
YoY Change -7.52% -100.0% -6.24%
Other Long-Term Liabilities $37.39M $35.26M $59.28M
YoY Change 20.28% -40.52% 15.42%
Total Long-Term Liabilities $58.00M $35.26M $81.95M
YoY Change 8.68% -56.98% 8.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.60M $40.90M $21.56M
Total Long-Term Liabilities $58.00M $35.26M $81.95M
Total Liabilities $113.7M $108.3M $136.2M
YoY Change 8.25% -20.46% 11.86%
SHAREHOLDERS EQUITY
Retained Earnings -$986.5M -$954.9M -$845.4M
YoY Change 12.75% 12.95% 15.86%
Common Stock $514.0K $514.0K $481.0K
YoY Change 3.84% 6.86% 42.31%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.503M $1.503M $630.0K
YoY Change 138.57% 138.57% 82.61%
Treasury Stock Shares 814.0K shares 814.0K shares 380.0K shares
Shareholders Equity $185.7M $215.1M $244.9M
YoY Change
Total Liabilities & Shareholders Equity $299.5M $323.4M $381.1M
YoY Change -16.31% -15.13% 20.62%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$31.66M -$29.08M -$25.93M
YoY Change 7.17% 12.14% -2.65%
Depreciation, Depletion And Amortization $600.0K $800.0K $1.100M
YoY Change -45.45% -27.27% -15.38%
Cash From Operating Activities -$23.90M -$21.10M -$22.00M
YoY Change -4.4% -4.09% -7.17%
INVESTING ACTIVITIES
Capital Expenditures -$300.0K -$400.0K -$100.0K
YoY Change 200.0% 300.0% -66.67%
Acquisitions
YoY Change
Other Investing Activities $20.50M $10.90M $26.90M
YoY Change 75.21% -59.48% 0.37%
Cash From Investing Activities $20.30M $10.40M $26.90M
YoY Change 75.0% -61.34% 1.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -300.0K -200.0K
YoY Change -100.0% 50.0% -92.31%
NET CHANGE
Cash From Operating Activities -23.90M -21.10M -22.00M
Cash From Investing Activities 20.30M 10.40M 26.90M
Cash From Financing Activities 0.000 -300.0K -200.0K
Net Change In Cash -3.600M -11.00M 4.700M
YoY Change -72.09% -334.04% 2250.0%
FREE CASH FLOW
Cash From Operating Activities -$23.90M -$21.10M -$22.00M
Capital Expenditures -$300.0K -$400.0K -$100.0K
Free Cash Flow -$23.60M -$20.70M -$21.90M
YoY Change -5.22% -5.48% -6.41%

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CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-954886000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-899832000 USD
CY2012Q2 us-gaap Revenues
Revenues
199000 USD
CY2013Q2 us-gaap Revenues
Revenues
214000 USD
us-gaap Revenues
Revenues
574000 USD
us-gaap Revenues
Revenues
499000 USD
CY2013Q2 us-gaap Secured Debt
SecuredDebt
22700000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3313000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3978000 USD
CY2013Q2 us-gaap Short Term Investments
ShortTermInvestments
152124000 USD
CY2012Q4 us-gaap Short Term Investments
ShortTermInvestments
192785000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
276000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
347000 USD
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
215084000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
266678000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
266678000 USD
CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
244896000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
297568000 USD
CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
215084000 USD
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
380000 shares
CY2013Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
814000 shares
CY2013Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1503000 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
630000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
285000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
873000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
8000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-41000 USD
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
480479000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
512757000 shares
CY2012Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
480634000 shares
CY2010Q3 lxrx Symphon Fair Value Of Base And Contingent Payments
SymphonFairValueOfBaseAndContingentPayments
45600000 USD
CY2007Q2 lxrx Lexicon Received Cash From Holdings
LexiconReceivedCashFromHoldings
15000000 USD
CY2007Q2 lxrx Lexicon Sold Shares To Holdings
LexiconSoldSharesToHoldings
7650622 shares
CY2013Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
513083000 shares
lxrx Change In Fair Value Of Symphony Icon Inc Purchase Liability
ChangeInFairValueOfSymphonyIconIncPurchaseLiability
4243000 USD
lxrx Change In Fair Value Of Symphony Icon Inc Purchase Liability
ChangeInFairValueOfSymphonyIconIncPurchaseLiability
1741000 USD
CY2012Q2 lxrx Change In Fair Value Of Symphony Icon Inc Purchase Liability
ChangeInFairValueOfSymphonyIconIncPurchaseLiability
2162000 USD
CY2013Q2 lxrx Change In Fair Value Of Symphony Icon Inc Purchase Liability
ChangeInFairValueOfSymphonyIconIncPurchaseLiability
477000 USD
CY2007Q2 lxrx Holdings Contribution To Icon
HoldingsContributionToIcon
45000000 USD
CY2010Q3 lxrx Lexicon Paid Holdings Cash
LexiconPaidHoldingsCash
10000000 USD
lxrx Share Based Compensation Arrangement By Share Based Payment Award Stock Bonus And Restricted Stock Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardStockBonusAndRestrictedStockGrantsInPeriod
80808 shares
lxrx Share Based Compensation Arrangement By Share Based Payment Award Stock Bonus And Restricted Stock Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardStockBonusAndRestrictedStockGrantsInPeriodWeightedAverageGrantDateFairValue
1.98
CY2013Q2 lxrx Stock Based Compensation Expense Associated With General And Administrative Expense
StockBasedCompensationExpenseAssociatedWithGeneralAndAdministrativeExpense
847000 USD
lxrx Stock Based Compensation Expense Associated With General And Administrative Expense
StockBasedCompensationExpenseAssociatedWithGeneralAndAdministrativeExpense
1361000 USD
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
1626000 USD
lxrx Stock Based Compensation Expense Associated With Research And Development Expense
StockBasedCompensationExpenseAssociatedWithResearchAndDevelopmentExpense
2352000 USD
CY2013Q2 lxrx Stock Based Compensation Expense Associated With Research And Development Expense
StockBasedCompensationExpenseAssociatedWithResearchAndDevelopmentExpense
1022000 USD
lxrx Stock Based Compensation Expense Associated With Research And Development Expense
StockBasedCompensationExpenseAssociatedWithResearchAndDevelopmentExpense
1952000 USD
CY2012Q2 lxrx Stock Based Compensation Expense Associated With Research And Development Expense
StockBasedCompensationExpenseAssociatedWithResearchAndDevelopmentExpense
915000 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
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001062822
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
513453422 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
LEXICON PHARMACEUTICALS, INC./DE

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