2012 Q1 Form 10-Q Financial Statement
#000119312512204755 Filed on May 02, 2012
Income Statement
Concept | 2012 Q1 | 2011 Q1 |
---|---|---|
Revenue | $11.27M | $12.51M |
YoY Change | -9.95% | 1464.0% |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $3.700M | $3.200M |
YoY Change | 15.63% | 0.0% |
% of Gross Profit | ||
Research & Development | $9.388M | $7.317M |
YoY Change | 28.3% | -3.72% |
% of Gross Profit | ||
Depreciation & Amortization | $200.0K | $200.0K |
YoY Change | 0.0% | -50.0% |
% of Gross Profit | ||
Operating Expenses | $13.06M | $10.57M |
YoY Change | 23.51% | -2.1% |
Operating Profit | -$1.792M | $1.939M |
YoY Change | -192.42% | |
Interest Expense | $100.0K | $100.0K |
YoY Change | 0.0% | -85.71% |
% of Operating Profit | 5.16% | |
Other Income/Expense, Net | $906.0K | $943.0K |
YoY Change | -3.92% | 34.71% |
Pretax Income | -$900.0K | $2.900M |
YoY Change | -131.03% | -133.72% |
Income Tax | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | |
Net Earnings | -$886.0K | $2.882M |
YoY Change | -130.74% | -133.51% |
Net Earnings / Revenue | -7.86% | 23.03% |
Basic Earnings Per Share | -$0.01 | $0.05 |
Diluted Earnings Per Share | -$0.01 | $0.05 |
COMMON SHARES | ||
Basic Shares Outstanding | 63.41M shares | 54.98M shares |
Diluted Shares Outstanding | 63.41M shares | 56.11M shares |
Balance Sheet
Concept | 2012 Q1 | 2011 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $181.1M | $121.6M |
YoY Change | 48.93% | 83.69% |
Cash & Equivalents | $76.94M | $24.39M |
Short-Term Investments | $104.1M | $97.20M |
Other Short-Term Assets | $2.079M | $1.700M |
YoY Change | 22.29% | -19.05% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $1.800M | $3.300M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $185.0M | $126.6M |
YoY Change | 46.11% | 85.36% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $1.837M | $1.300M |
YoY Change | 41.31% | -40.91% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $19.00M | $0.00 |
YoY Change | -100.0% | |
Other Assets | $4.300M | $6.100M |
YoY Change | -29.51% | -3.17% |
Total Long-Term Assets | $25.17M | $7.400M |
YoY Change | 240.09% | -36.21% |
TOTAL ASSETS | ||
Total Short-Term Assets | $185.0M | $126.6M |
Total Long-Term Assets | $25.17M | $7.400M |
Total Assets | $210.1M | $134.0M |
YoY Change | 56.82% | 67.71% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $596.0K | $500.0K |
YoY Change | 19.2% | 0.0% |
Accrued Expenses | $6.967M | $5.900M |
YoY Change | 18.08% | -7.81% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $36.63M | $49.00M |
YoY Change | -25.24% | 163.44% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $124.0K | $62.00M |
YoY Change | -99.8% | 39.33% |
Total Long-Term Liabilities | $124.0K | $62.00M |
YoY Change | -99.8% | 39.33% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $36.63M | $49.00M |
Total Long-Term Liabilities | $124.0K | $62.00M |
Total Liabilities | $66.31M | $111.0M |
YoY Change | -40.26% | 75.63% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$725.6M | |
YoY Change | ||
Common Stock | $66.00K | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $143.8M | $23.00M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $210.1M | $134.0M |
YoY Change | 56.82% | 67.71% |
Cashflow Statement
Concept | 2012 Q1 | 2011 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$886.0K | $2.882M |
YoY Change | -130.74% | -133.51% |
Depreciation, Depletion And Amortization | $200.0K | $200.0K |
YoY Change | 0.0% | -50.0% |
Cash From Operating Activities | -$11.20M | -$8.580M |
YoY Change | 30.58% | -29.67% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $404.0K | $20.00K |
YoY Change | 1920.0% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$44.80M | -$21.10M |
YoY Change | 112.32% | -470.18% |
Cash From Investing Activities | -$45.22M | -$21.14M |
YoY Change | 113.94% | -470.79% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $83.00M | $57.00K |
YoY Change | 145514.04% | -99.73% |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 83.25M | 57.00K |
YoY Change | 145957.89% | -99.73% |
NET CHANGE | ||
Cash From Operating Activities | -11.20M | -8.580M |
Cash From Investing Activities | -45.22M | -21.14M |
Cash From Financing Activities | 83.25M | 57.00K |
Net Change In Cash | 26.83M | -29.66M |
YoY Change | -190.47% | -299.05% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$11.20M | -$8.580M |
Capital Expenditures | $404.0K | $20.00K |
Free Cash Flow | -$11.61M | -$8.600M |
YoY Change | 34.98% | -29.51% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2012Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
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CY2011Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
24393000 | |
CY2012Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-127000 | |
CY2012Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
36631000 | |
CY2012Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
25735000 | |
CY2012Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-725584000 | |
CY2012Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
6967000 | |
CY2012Q1 | us-gaap |
Assets
Assets
|
210141000 | |
CY2012Q1 | us-gaap |
Deferred Revenue Noncurrent
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Common Stock Value
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|
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Commitments And Contingencies
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|
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Deferred Rent Credit Noncurrent
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|
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Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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Preferred Stock Shares Authorized
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CY2012Q1 | us-gaap |
Assets Current
AssetsCurrent
|
184974000 | |
CY2012Q1 | us-gaap |
Other Liabilities Noncurrent
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124000 | |
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Preferred Stock Shares Outstanding
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Receivables Net Current
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|
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Cash And Cash Equivalents At Carrying Value
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|
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Common Stock Par Or Stated Value Per Share
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|
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Additional Paid In Capital
AdditionalPaidInCapital
|
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Long Term Investments
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|
19024000 | |
CY2012Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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Preferred Stock Shares Issued
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|
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Preferred Stock Value
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|
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Stockholders Equity
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Common Stock Shares Issued
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|
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CY2012Q1 | us-gaap |
Short Term Investments
ShortTermInvestments
|
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Preferred Stock Par Or Stated Value Per Share
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|
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Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2012Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
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110000000 | shares |
CY2012Q1 | us-gaap |
Liabilities
Liabilities
|
66307000 | |
CY2012Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
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2079000 | |
CY2011Q4 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
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CY2011Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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CY2011Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
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CY2011Q4 | us-gaap |
Assets Current
AssetsCurrent
|
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Other Liabilities Noncurrent
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|
125000 | |
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Commitments And Contingencies
CommitmentsAndContingencies
|
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Accounts Payable Current
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Restricted Cash And Cash Equivalents Noncurrent
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|
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Deferred Gain On Sale Of Real Estate Current
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|
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Deferred Gain On Sale Of Real Estate Noncurrent
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|
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CY2012Q1 | nbix |
Cease Use Liability Current
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CY2012Q1 | nbix |
Cease Use Liability Noncurrent
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Cash And Cash Equivalents At Carrying Value
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|
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Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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Liabilities Current
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|
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Deferred Revenue Current
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|
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Retained Earnings Accumulated Deficit
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Accrued Liabilities Current
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Assets
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Common Stock Value
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Preferred Stock Shares Outstanding
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Receivables Net Current
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Cash And Cash Equivalents At Carrying Value
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Common Stock Par Or Stated Value Per Share
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Preferred Stock Value
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|
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Stockholders Equity
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Common Stock Shares Issued
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|
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CY2011Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
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Preferred Stock Par Or Stated Value Per Share
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|
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Property Plant And Equipment Net
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Common Stock Shares Authorized
CommonStockSharesAuthorized
|
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CY2011Q4 | us-gaap |
Liabilities
Liabilities
|
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|
1470000 | |
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AccountsPayableCurrent
|
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Restricted Cash And Cash Equivalents Noncurrent
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Deferred Gain On Sale Of Real Estate Current
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|
3042000 | |
CY2011Q4 | nbix |
Deferred Gain On Sale Of Real Estate Noncurrent
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|
24005000 | |
CY2011Q4 | nbix |
Cease Use Liability Current
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|
264000 | |
CY2011Q4 | nbix |
Cease Use Liability Noncurrent
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|
2328000 | |
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Proceeds From Sale Of Property Plant And Equipment
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|
83000 | |
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Proceeds From Sale Maturity And Collections Of Investments
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|
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CY2011Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
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|
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CY2011Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
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CY2011Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
8000 | |
CY2011Q1 | us-gaap |
Revenues
Revenues
|
12512000 | |
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Accretion Amortization Of Discounts And Premiums Investments
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|
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CY2011Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
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|
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CY2011Q1 | us-gaap |
Comprehensive Income Net Of Tax
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|
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CY2011Q1 | us-gaap |
Gain Loss On Disposition Of Assets
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|
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CY2011Q1 | us-gaap |
Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
|
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Share Based Compensation
ShareBasedCompensation
|
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Earnings Per Share Diluted
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|
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Increase Decrease In Accounts Payable And Accrued Liabilities
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|
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CY2011Q1 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
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CY2011Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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CY2011Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
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CY2011Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
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CY2011Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
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|
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CY2011Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.05 | |
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Depreciation And Amortization
DepreciationAndAmortization
|
240000 | |
CY2011Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1939000 | |
CY2011Q1 | us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
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CY2011Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
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CY2011Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
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|
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CY2011Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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CY2011Q1 | us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
816000 | |
CY2011Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
10573000 | |
CY2011Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
119000 | |
CY2011Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-2000 | |
CY2011Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
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CY2011Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3156000 | |
CY2011Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
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|
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CY2011Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
57000 | |
CY2011Q1 | nbix |
Sponsored Research And Development Revenue
SponsoredResearchAndDevelopmentRevenue
|
3274000 | |
CY2011Q1 | nbix |
License Fees And Milestones Revenue
LicenseFeesAndMilestonesRevenue
|
9238000 | |
CY2011Q1 | nbix |
Cease Use Expense
CeaseUseExpense
|
100000 | |
CY2011Q1 | nbix |
Deferred Gain On Sale Of Real Estate
DeferredGainOnSaleOfRealEstate
|
736000 | |
CY2011Q1 | nbix |
Increase Decrease In Cease Use Expense
IncreaseDecreaseInCeaseUseExpense
|
100000 | |
CY2011Q1 | nbix |
Increase Decrease In Cease Use Liability
IncreaseDecreaseInCeaseUseLiability
|
-1214000 | |
CY2012Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2012Q1 | dei |
Trading Symbol
TradingSymbol
|
NBIX | |
CY2012Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
NEUROCRINE BIOSCIENCES INC | |
CY2012Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2012Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | |
CY2012Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | |
CY2012Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2012Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-03-31 | |
CY2012Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000914475 | |
CY2012Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2012Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-1000 | |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-11204000 | |
CY2012Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-926000 | |
CY2012Q1 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
25000 | |
CY2012Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
25000 | |
CY2012Q1 | us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
30548000 | |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-45216000 | |
CY2012Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
75385000 | |
CY2012Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2000 | |
CY2012Q1 | us-gaap |
Revenues
Revenues
|
11267000 | |
CY2012Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-623000 | |
CY2012Q1 | us-gaap |
Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
|
80000 | |
CY2012Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1426000 | |
CY2012Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2012Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1999000 | |
CY2012Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-886000 | |
CY2012Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
906000 | |
CY2012Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
9388000 | |
CY2012Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
404000 | |
CY2012Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2012Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
152000 | |
CY2012Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1792000 | |
CY2012Q1 | us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
515000 | |
CY2012Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
83253000 | |
CY2012Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
26833000 | |
CY2012Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
63409000 | shares |
CY2012Q1 | us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
783000 | |
CY2012Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
13059000 | |
CY2012Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
121000 | |
CY2012Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-40000 | |
CY2012Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-9237000 | |
CY2012Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3671000 | |
CY2012Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
63409000 | shares |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
83253000 | |
CY2012Q1 | nbix |
Sponsored Research And Development Revenue
SponsoredResearchAndDevelopmentRevenue
|
2029000 | |
CY2012Q1 | nbix |
License Fees And Milestones Revenue
LicenseFeesAndMilestonesRevenue
|
9238000 | |
CY2012Q1 | nbix |
Deferred Gain On Sale Of Real Estate
DeferredGainOnSaleOfRealEstate
|
758000 | |
CY2012Q1 | nbix |
Increase Decrease In Cease Use Liability
IncreaseDecreaseInCeaseUseLiability
|
-64000 |