2012 Q2 Form 10-Q Financial Statement

#000110465912032225 Filed on May 03, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q1
Revenue $0.00 $147.0K $1.100M
YoY Change -100.0% -86.64% -72.5%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.900M $2.600M $2.700M
YoY Change 0.0% -3.7% -12.9%
% of Gross Profit
Research & Development $11.25M $12.07M $9.436M
YoY Change 8.02% 27.87% -7.49%
% of Gross Profit
Depreciation & Amortization $300.0K $230.0K $439.0K
YoY Change -25.0% -47.61% -15.58%
% of Gross Profit
Operating Expenses $14.13M $14.71M $12.11M
YoY Change 5.77% 21.5% -8.95%
Operating Profit -$14.13M -$14.57M -$10.97M
YoY Change 17.7% 32.82%
Interest Expense -$486.0K -$486.0K -$435.0K
YoY Change -1.42% 11.72% 335.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$14.60M -$15.10M -$11.40M
YoY Change 16.8% 32.46% 22.58%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$14.60M -$15.10M -$11.40M
YoY Change 16.8% 32.46% 22.58%
Net Earnings / Revenue -10272.11% -1036.36%
Basic Earnings Per Share
Diluted Earnings Per Share -$9.125M -$9.438M -$9.500M
COMMON SHARES
Basic Shares Outstanding 57.64M shares 56.37M shares 42.01M shares
Diluted Shares Outstanding 56.37M shares 42.01M shares

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.70M $57.40M $40.20M
YoY Change -28.93% 42.79% -30.57%
Cash & Equivalents $25.59M $34.55M $17.37M
Short-Term Investments $19.10M $22.80M $22.90M
Other Short-Term Assets $800.0K $600.0K $500.0K
YoY Change 0.0% 20.0% -50.0%
Inventory
Prepaid Expenses
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $45.50M $58.00M $40.80M
YoY Change -28.57% 42.15% -30.73%
LONG-TERM ASSETS
Property, Plant & Equipment $1.166M $1.324M $1.800M
YoY Change -16.71% -26.44% -48.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $500.0K $519.0K $400.0K
YoY Change 0.0% 29.75% 100.0%
Total Long-Term Assets $1.700M $1.843M $2.100M
YoY Change -10.53% -12.24% -41.67%
TOTAL ASSETS
Total Short-Term Assets $45.50M $58.00M $40.80M
Total Long-Term Assets $1.700M $1.843M $2.100M
Total Assets $47.20M $59.84M $42.90M
YoY Change -28.05% 39.49% -31.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.500M $3.040M $1.700M
YoY Change 75.0% 78.82% 13.33%
Accrued Expenses $6.900M $6.500M $5.400M
YoY Change 18.97% 20.37% -6.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.900M $6.100M $5.600M
YoY Change 154.84% 8.93% 366.67%
Total Short-Term Liabilities $18.25M $15.64M $17.30M
YoY Change 19.31% -9.57% 33.08%
LONG-TERM LIABILITIES
Long-Term Debt $8.400M $10.40M $11.50M
YoY Change -39.13% -9.57% 2200.0%
Other Long-Term Liabilities $1.000M
YoY Change -82.14%
Total Long-Term Liabilities $8.400M $10.43M $12.50M
YoY Change -39.13% -16.58% 104.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.25M $15.64M $17.30M
Total Long-Term Liabilities $8.400M $10.43M $12.50M
Total Liabilities $26.70M $26.07M $29.80M
YoY Change -8.56% -12.51% 55.21%
SHAREHOLDERS EQUITY
Retained Earnings -$413.5M
YoY Change
Common Stock $447.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.46M $33.77M $13.10M
YoY Change
Total Liabilities & Shareholders Equity $47.16M $59.84M $42.90M
YoY Change -28.1% 39.49% -31.36%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income -$14.60M -$15.10M -$11.40M
YoY Change 16.8% 32.46% 22.58%
Depreciation, Depletion And Amortization $300.0K $230.0K $439.0K
YoY Change -25.0% -47.61% -15.58%
Cash From Operating Activities -$13.10M -$15.25M -$12.84M
YoY Change 7.82% 18.77% 1.99%
INVESTING ACTIVITIES
Capital Expenditures -$60.00K $147.0K $10.00K
YoY Change 50.0% 1370.0%
Acquisitions
YoY Change
Other Investing Activities $3.760M -$13.17M -$3.190M
YoY Change -126.61% 312.85%
Cash From Investing Activities $3.700M -$13.32M -$3.200M
YoY Change -126.11% 316.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $28.20M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 440.0K 33.05M 2.100M
YoY Change -98.74% 1473.81% -92.03%
NET CHANGE
Cash From Operating Activities -13.10M -15.25M -12.84M
Cash From Investing Activities 3.700M -13.32M -3.200M
Cash From Financing Activities 440.0K 33.05M 2.100M
Net Change In Cash -8.960M 4.480M -13.94M
YoY Change -205.16% -132.14% -201.31%
FREE CASH FLOW
Cash From Operating Activities -$13.10M -$15.25M -$12.84M
Capital Expenditures -$60.00K $147.0K $10.00K
Free Cash Flow -$13.04M -$15.40M -$12.85M
YoY Change 7.68% 19.82% 2.07%

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CY2012Q1 us-gaap Nature Of Operations
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<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="MARGIN: 0in 0in 0pt"><b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">(1)&#160;Nature of Business</font></b></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Synta Pharmaceuticals Corp. (the Company) was incorporated in March&#160;2000 and commenced operations in July&#160;2001. The Company is a biopharmaceutical company focusing on discovering, developing and commercializing small molecule drugs to extend and enhance the lives of patients with severe medical conditions, including cancer and chronic inflammatory diseases.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">The Company is subject to risks common to emerging companies in the drug development and pharmaceutical industry including, but not limited to, uncertainty of product development and commercialization, lack of marketing and sales history, dependence on key personnel, uncertainty of market acceptance of products, product liability, uncertain protection of proprietary technology, potential inability to raise additional financing and compliance with the U.S. Food and Drug Administration and other government regulations.</font></p></td></tr></table>
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Files In Submission

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