2014 Q1 Form 10-K Financial Statement

#000119312514045619 Filed on February 11, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013 Q3
Revenue $0.00 $730.0K $729.0K
YoY Change -100.0% -96.67% -92.21%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.200M $3.300M $3.200M
YoY Change 23.53% 0.0% -3.03%
% of Gross Profit
Research & Development $8.572M $8.900M $9.490M
YoY Change -16.88% -2.2% -3.75%
% of Gross Profit
Depreciation & Amortization $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0% 0.0%
% of Gross Profit
Operating Expenses $12.73M $12.26M $12.74M
YoY Change -7.15% -8.27% -4.38%
Operating Profit -$12.73M -$12.01M
YoY Change -1.93% 203.03%
Interest Expense $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0% 0.0%
% of Operating Profit
Other Income/Expense, Net $883.0K $800.0K $875.0K
YoY Change -1.89% 0.0% -1.02%
Pretax Income -$11.80M -$10.60M -$11.10M
YoY Change -2.48% -211.58% 258.06%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$11.84M -$10.64M -$11.13M
YoY Change -1.93% -212.14% 261.63%
Net Earnings / Revenue -1457.81% -1526.89%
Basic Earnings Per Share -$0.16 -$0.17
Diluted Earnings Per Share -$167.9K -$0.16 -$0.17
COMMON SHARES
Basic Shares Outstanding 67.79M shares 67.35M shares 67.20M shares
Diluted Shares Outstanding 67.35M shares 67.20M shares

Balance Sheet

Concept 2014 Q1 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $219.9M $145.7M $156.9M
YoY Change 39.0% -15.78% -9.83%
Cash & Equivalents $105.5M $44.79M $34.89M
Short-Term Investments $114.3M $101.0M $122.0M
Other Short-Term Assets $2.723M $2.232M
YoY Change 25.95% -16.96%
Inventory
Prepaid Expenses
Receivables $1.900M $0.00 $100.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $221.7M $148.5M $159.2M
YoY Change 38.24% -21.56% -10.56%
LONG-TERM ASSETS
Property, Plant & Equipment $1.798M $1.771M $1.739M
YoY Change 0.78% -6.79% -14.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $51.30M $0.00 $700.0K
YoY Change 194.83% -100.0% -92.13%
Other Assets $4.400M $4.400M $4.300M
YoY Change 2.33% 2.33% 0.0%
Total Long-Term Assets $57.56M $6.214M $6.749M
YoY Change 144.64% -7.46% -55.69%
TOTAL ASSETS
Total Short-Term Assets $221.7M $148.5M $159.2M
Total Long-Term Assets $57.56M $6.214M $6.749M
Total Assets $279.3M $154.7M $166.0M
YoY Change 51.85% -21.08% -14.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $818.0K $101.0K $1.097M
YoY Change -43.97% -88.91% -22.53%
Accrued Expenses $6.111M $7.955M $7.882M
YoY Change -7.09% -1.72% -3.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.61M $11.70M $13.32M
YoY Change -23.56% -25.23% -42.37%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $260.0K $260.0K $152.0K
YoY Change 71.05% 71.05% 0.0%
Total Long-Term Liabilities $260.0K $260.0K $152.0K
YoY Change 71.05% 71.05% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.61M $11.70M $13.32M
Total Long-Term Liabilities $260.0K $260.0K $152.0K
Total Liabilities $32.24M $34.27M $36.68M
YoY Change -17.27% -17.64% -26.57%
SHAREHOLDERS EQUITY
Retained Earnings -$777.6M -$765.8M -$755.1M
YoY Change 6.27% 6.4% 3.56%
Common Stock $76.00K $67.00K $67.00K
YoY Change 13.43% 1.52% 1.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $247.1M $120.4M $129.3M
YoY Change
Total Liabilities & Shareholders Equity $279.3M $154.7M $166.0M
YoY Change 51.85% -21.08% -14.12%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income -$11.84M -$10.64M -$11.13M
YoY Change -1.93% -212.14% 261.63%
Depreciation, Depletion And Amortization $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0% 0.0%
Cash From Operating Activities -$9.800M -$10.90M -$10.80M
YoY Change -612.55% 22.47% 30.12%
INVESTING ACTIVITIES
Capital Expenditures $255.0K -$100.0K -$100.0K
YoY Change 332.2% 0.0% -66.67%
Acquisitions
YoY Change
Other Investing Activities -$65.50M $20.90M -$1.200M
YoY Change 87.14% -25.09% -110.91%
Cash From Investing Activities -$65.70M $20.70M -$1.300M
YoY Change 87.3% -25.54% -112.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $133.2M
YoY Change 13688.82%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 136.2M 0.000 2.700M
YoY Change 13999.38% -100.0% 2600.0%
NET CHANGE
Cash From Operating Activities -9.800M -10.90M -10.80M
Cash From Investing Activities -65.70M 20.70M -1.300M
Cash From Financing Activities 136.2M 0.000 2.700M
Net Change In Cash 60.70M 9.800M -9.400M
YoY Change -288.52% -48.96% -476.0%
FREE CASH FLOW
Cash From Operating Activities -$9.800M -$10.90M -$10.80M
Capital Expenditures $255.0K -$100.0K -$100.0K
Free Cash Flow -$10.06M -$10.80M -$10.70M
YoY Change -642.63% 22.73% 33.75%

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CY2013Q4 nbix Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Investments
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInInvestments
15000
CY2014Q1 dei Entity Common Stock Shares Outstanding
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67793709 shares
CY2012Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
10900000 shares
CY2012Q1 us-gaap Equity Issuance Per Share Amount
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83000000
CY2007Q4 us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
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47700000
CY2007Q4 us-gaap Proceeds From Sale Of Real Estate
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61000000
CY2007Q4 nbix Sale Leaseback Transaction Lease Period
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P12Y
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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31.73
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1605000 shares
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56347000 shares
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1200000 shares
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.90
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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4.14
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-698000
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
94000 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
243000 shares
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1300000 shares
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.05
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55176000 shares
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
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750000
CY2011 us-gaap Increase Decrease In Restricted Cash
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-1796000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-39000
CY2011 us-gaap Licenses Revenue
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66951000
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
286000
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2011 us-gaap Investment Income Interest
InvestmentIncomeInterest
435000
CY2011 us-gaap Realized Investment Gains Losses
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-17000
CY2011 us-gaap Sale Leaseback Transaction Current Period Gain Recognized
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3000000
CY2011 us-gaap Gain Loss On Disposition Of Assets1
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3195000
CY2011 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
36000
CY2011 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
139099000
CY2011 us-gaap Investment Income Net
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418000
CY2011 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0
CY2011 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-2813000
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
19922000
CY2011 us-gaap Revenues
Revenues
77413000
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
395000
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
37532000
CY2011 us-gaap Contracts Revenue
ContractsRevenue
10462000
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
33922000
CY2011 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
242000
CY2011 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
3395000
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3649000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
37571000
CY2011 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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-2341000
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2918000
CY2011 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
434000
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12458000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
286000
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
248803000
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
2918000
CY2011 us-gaap Depreciation And Amortization
DepreciationAndAmortization
694000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3944000
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
385000
CY2011 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
80000
CY2011 us-gaap Operating Expenses
OperatingExpenses
43491000
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
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-29000
CY2011 us-gaap Income Tax Expense Benefit
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0
CY2011 us-gaap Increase Decrease In Deferred Revenue
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-37027000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
423000
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2230000
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
286000
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
13150000
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
245000
CY2011 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
24000
CY2011 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
17000
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
286000
CY2011 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
134259000
CY2011 us-gaap Depreciation
Depreciation
700000
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2918000
CY2011 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
134276000
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
6200000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3532000
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
30951000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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0
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
43000
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
149000
CY2011 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
200000
CY2011 nbix Income Tax Reconciliation Uncertain Tax Positions
IncomeTaxReconciliationUncertainTaxPositions
17432000
CY2011 nbix Income Tax Reconciliation Expiration Of Tax Credits
IncomeTaxReconciliationExpirationOfTaxCredits
159000
CY2011 nbix Deferred Gain On Sale Of Real Estate
DeferredGainOnSaleOfRealEstate
2953000
CY2011 nbix Cease Use Expense
CeaseUseExpense
82000
CY2011 nbix Income Tax Reconciliation Reversal Of Net Operating Losses And Research Credits
IncomeTaxReconciliationReversalOfNetOperatingLossesAndResearchCredits
278778000
CY2011 nbix Increase Decrease In Cease Use Liability
IncreaseDecreaseInCeaseUseLiability
-7502000
CY2013 dei Trading Symbol
TradingSymbol
NBIX
CY2013 dei Entity Registrant Name
EntityRegistrantName
NEUROCRINE BIOSCIENCES INC
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000914475
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
25.68
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.69
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y9M18D
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
771000 shares
CY2013 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
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0.60 pure
CY2013 us-gaap Earnings Per Share Diluted
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-0.69
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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66989000 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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9.24
CY2013 us-gaap Property Management Fee Percent Fee
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0.035 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
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P10Y
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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6.55
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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-29607000
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
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904000 shares
CY2013 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> <b><i>Concentration of Credit Risk.</i></b>&#xA0;Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash, cash equivalents and investments. The Company has established guidelines to limit its exposure to credit risk by placing investments with high credit quality financial institutions, diversifying its investment portfolio and placing investments with maturities that maintain safety and liquidity.</p> </div>
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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300000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
180000 shares
CY2013 us-gaap Use Of Estimates
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> <b><i>Use of Estimates.</i></b>&#xA0;The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from those estimates.</p> </div>
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.96
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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66989000 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y10M24D
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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545000
CY2013 us-gaap Increase Decrease In Restricted Cash
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108000
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7000
CY2013 us-gaap Licenses Revenue
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2919000
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
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5302000
CY2013 us-gaap Income Taxes Paid
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CY2013 us-gaap Investment Income Interest
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400000
CY2013 us-gaap Realized Investment Gains Losses
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2000
CY2013 us-gaap Sale Leaseback Transaction Current Period Gain Recognized
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3100000
CY2013 us-gaap Gain Loss On Disposition Of Assets1
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3170000
CY2013 us-gaap Other Nonoperating Income Expense
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16000
CY2013 us-gaap Payments To Acquire Investments
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402000
CY2013 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
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CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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543000
CY2013 us-gaap Revenues
Revenues
2919000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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916000
CY2013 us-gaap Comprehensive Income Net Of Tax
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CY2013 us-gaap Available For Sale Securities Gross Realized Gains
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37000
CY2013 us-gaap Income Tax Reconciliation Tax Credits Research
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3458000
CY2013 us-gaap Nonoperating Income Expense
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3588000
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CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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6819000
CY2013 us-gaap Increase Decrease In Deferred Liabilities
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5302000
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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20504000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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215000
CY2013 us-gaap Operating Expenses
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40000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
6000000
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-2611000
CY2013 us-gaap Proceeds From Issuance Of Common Stock
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5302000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-16131000
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
40000
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108000
CY2013 us-gaap Proceeds From Stock Options Exercised
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5300000
CY2013 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
151283000
CY2013 us-gaap Depreciation
Depreciation
700000
CY2013 us-gaap Allocated Share Based Compensation Expense
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6819000
CY2013 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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151281000
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5900000
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5340000
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
39248000
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0
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
7000
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-949000
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
300000
CY2013 nbix Operating Lease Term
OperatingLeaseTerm
P12Y
CY2013 nbix Operating Lease Expiration Year
OperatingLeaseExpirationYear
2019
CY2013 nbix Income Tax Reconciliation Uncertain Tax Positions
IncomeTaxReconciliationUncertainTaxPositions
1283000
CY2013 nbix Percentage Of Uncertain Tax Positions Likelihood Of Being Sustained
PercentageOfUncertainTaxPositionsLikelihoodOfBeingSustained
0.50 pure
CY2013 nbix Operating Loss Carryforwards Utilized During Period
OperatingLossCarryforwardsUtilizedDuringPeriod
18200000
CY2013 nbix Lease Expiration Year
LeaseExpirationYear
2019
CY2013 nbix Income Tax Reconciliation Expiration Of Tax Credits
IncomeTaxReconciliationExpirationOfTaxCredits
151000
CY2013 nbix Deferred Gain On Sale Of Real Estate
DeferredGainOnSaleOfRealEstate
3133000
CY2013 nbix Lease Extension Period
LeaseExtensionPeriod
P10Y
CY2013 nbix Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Estimated Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsEstimatedForfeitureRate
0.00 pure
CY2013 nbix Cease Use Liability Payment
CeaseUseLiabilityPayment
590000
CY2013 nbix Increase Decrease In Cease Use Liability
IncreaseDecreaseInCeaseUseLiability
-590000
CY2013 nbix Potential Increase In Security Deposits
PotentialIncreaseInSecurityDeposits
5000000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
29.66
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1446000 shares
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66946000 shares
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1300000 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.50
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.05
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-35294000
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
209000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
386000 shares
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2200000 shares
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.49
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65619000 shares
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
82971000
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
1448000
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-4061000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
971000
CY2012 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
32000
CY2012 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
428000
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3577000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
5025000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
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