2022 Q1 Form 10-Q Financial Statement

#000091447522000022 Filed on May 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $310.6M $236.6M
YoY Change 31.28% -0.21%
Cost Of Revenue $4.600M $2.900M
YoY Change 58.62% 38.1%
Gross Profit $306.0M $233.7M
YoY Change 30.94% -0.55%
Gross Profit Margin 98.52% 98.77%
Selling, General & Admin $200.7M $129.0M
YoY Change 55.58% 9.51%
% of Gross Profit 65.59% 55.2%
Research & Development $102.2M $73.20M
YoY Change 39.62% 25.56%
% of Gross Profit 33.4% 31.32%
Depreciation & Amortization $3.300M $2.500M
YoY Change 32.0% 19.05%
% of Gross Profit 1.08% 1.07%
Operating Expenses $302.9M $202.2M
YoY Change 49.8% 13.47%
Operating Profit $3.100M $31.50M
YoY Change -90.16% -46.52%
Interest Expense $2.600M $6.400M
YoY Change -59.38% -21.95%
% of Operating Profit 83.87% 20.32%
Other Income/Expense, Net $18.30M -$4.300M
YoY Change -525.58% -78.5%
Pretax Income $21.40M $27.20M
YoY Change -21.32% -30.08%
Income Tax $7.500M -$4.900M
% Of Pretax Income 35.05% -18.01%
Net Earnings $13.90M $32.10M
YoY Change -56.7% -14.17%
Net Earnings / Revenue 4.48% 13.57%
Basic Earnings Per Share $0.15 $0.34
Diluted Earnings Per Share $0.14 $0.33
COMMON SHARES
Basic Shares Outstanding 95.30M shares 94.20M shares
Diluted Shares Outstanding 97.60M shares 98.20M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $664.9M $873.7M
YoY Change -23.9% 13.22%
Cash & Equivalents $270.2M $352.6M
Short-Term Investments $394.7M $521.1M
Other Short-Term Assets $60.80M $33.80M
YoY Change 79.88% 26.59%
Inventory $29.00M $30.10M
Prepaid Expenses
Receivables $263.5M $147.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.018B $1.085B
YoY Change -6.19% 12.1%
LONG-TERM ASSETS
Property, Plant & Equipment $63.90M $45.30M
YoY Change 41.06% 8.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $632.3M $288.5M
YoY Change 119.17% 4.79%
Other Assets $10.10M $1.400M
YoY Change 621.43% -56.25%
Total Long-Term Assets $1.126B $761.0M
YoY Change 48.0% 93.29%
TOTAL ASSETS
Total Short-Term Assets $1.018B $1.085B
Total Long-Term Assets $1.126B $761.0M
Total Assets $2.145B $1.846B
YoY Change 16.14% 35.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $235.9M $171.9M
YoY Change 37.23% 36.54%
Accrued Expenses $16.90M $12.20M
YoY Change 38.52% 38.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $253.5M $190.0M
YoY Change 33.42% 35.42%
LONG-TERM LIABILITIES
Long-Term Debt $377.7M $322.0M
YoY Change 17.3% -22.24%
Other Long-Term Liabilities $19.70M $21.30M
YoY Change -7.51% -1.39%
Total Long-Term Liabilities $19.70M $21.30M
YoY Change -7.51% -1.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $253.5M $190.0M
Total Long-Term Liabilities $19.70M $21.30M
Total Liabilities $753.4M $640.8M
YoY Change 17.57% 295.8%
SHAREHOLDERS EQUITY
Retained Earnings -$547.4M -$693.3M
YoY Change -21.04%
Common Stock $1.948B $1.898B
YoY Change 2.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.391B $1.206B
YoY Change
Total Liabilities & Shareholders Equity $2.145B $1.846B
YoY Change 16.14% 35.58%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $13.90M $32.10M
YoY Change -56.7% -14.17%
Depreciation, Depletion And Amortization $3.300M $2.500M
YoY Change 32.0% 19.05%
Cash From Operating Activities -$40.50M $87.30M
YoY Change -146.39% 145.92%
INVESTING ACTIVITIES
Capital Expenditures $7.600M $4.500M
YoY Change 68.89% 246.15%
Acquisitions
YoY Change
Other Investing Activities -$24.00M $67.60M
YoY Change -135.5% 95.94%
Cash From Investing Activities -$31.60M $63.10M
YoY Change -150.08% 90.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.100M $15.20M
YoY Change -59.87% 153.33%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $6.100M $15.10M
YoY Change -59.6% 151.67%
NET CHANGE
Cash From Operating Activities -$40.50M $87.30M
Cash From Investing Activities -$31.60M $63.10M
Cash From Financing Activities $6.100M $15.10M
Net Change In Cash -$66.00M $165.5M
YoY Change -139.88% 121.55%
FREE CASH FLOW
Cash From Operating Activities -$40.50M $87.30M
Capital Expenditures $7.600M $4.500M
Free Cash Flow -$48.10M $82.80M
YoY Change -158.09% 142.11%

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ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
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ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
161300000 USD
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PaymentsToAcquireEquitySecuritiesFvNi
7700000 USD
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0 USD
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PaymentsToAcquirePropertyPlantAndEquipment
7600000 USD
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PaymentsToAcquirePropertyPlantAndEquipment
4500000 USD
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ProceedsFromIssuanceOfCommonStock
6100000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
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P8Y6M
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P9Y9M18D
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LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
17900000 USD
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LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
17400000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
15900000 USD
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15700000 USD
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LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
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LesseeOperatingLeaseLiabilityPaymentsDue
150300000 USD
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LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
30900000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
119400000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16900000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
102500000 USD
CY2022Q1 nbix Non Cancelable Future Minimum Lease Payments For Operating Leases Not Yet Commenced Year Two
NonCancelableFutureMinimumLeasePaymentsForOperatingLeasesNotYetCommencedYearTwo
17200000 USD
CY2022Q1 nbix Non Cancelable Future Minimum Lease Payments For Operating Leases Not Yet Commenced Year Three
NonCancelableFutureMinimumLeasePaymentsForOperatingLeasesNotYetCommencedYearThree
33300000 USD
CY2022Q1 nbix Non Cancelable Future Minimum Lease Payments For Operating Leases Not Yet Commenced Year Four
NonCancelableFutureMinimumLeasePaymentsForOperatingLeasesNotYetCommencedYearFour
41900000 USD
CY2022Q1 nbix Non Cancelable Future Minimum Lease Payments For Operating Leases Not Yet Commenced Year Five
NonCancelableFutureMinimumLeasePaymentsForOperatingLeasesNotYetCommencedYearFive
479700000 USD
CY2022Q1 nbix Debt Instrument Coupon Interest
DebtInstrumentCouponInterest
2200000 USD
CY2021Q1 nbix Debt Instrument Coupon Interest
DebtInstrumentCouponInterest
2200000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
400000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4200000 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
2600000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
6400000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
13900000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
32100000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
95300000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94200000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97600000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98200000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6000000.0 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2700000 shares

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